The first-quarter 2024 earnings season is approaching its end. So far, results have come in better than expected. As of May 17, 467 companies on the S&P 500 Index reported their financial numbers. Total earnings for these 467 index members increased 4.6% from the same period last year on 4% higher revenues, with 77.7% beating EPS estimates and 60.2% beating revenue estimates. At present, total earnings of the S&P 500 Index in first-quarter 2024 are expected to be up 6.3% on 4.3% higher revenues. This follow ...

Investment Rating and Core Views - The report initiates coverage with a "Buy" rating, forecasting FY2024-2026 revenue of $4.15B/$4.69B/$5.19B, representing YoY growth of +14.4%/+13.0%/+10.7%, and net income of $691M/$777M/$865M, with YoY growth of +33.7%/+12.4%/+11.3% [2] - The long-term outlook is positive due to the company's brand matrix growth and future development prospects [2] Financial Projections and Valuation - The company's FY2024-2026 PE ratios are projected at 33X/30X/27X based on the closing price of $888.56 on May 17, 2024 [2] - FY2024-2026 gross margins are expected to be 54.4%/54.5%/54.8%, with UGG and HOKA revenue growth rates projected at 14.4%/6.8%/4.5% and 20.8%/22.2%/18.7%, respectively [16] Brand Performance and Strategy - UGG leverages fashion collaborations to create popular items, successfully attracting trend-conscious consumers and solidifying its leadership in the global fashion market [5] - HOKA has gained recognition through endorsements from marathon champions and elite teams, becoming the most used brand at the 2022 UTMB event [6] - UGG's international direct stores exhibit high ATV and conversion rates, while HOKA is in the early stages of international expansion with localized products [13] Product and Market Analysis - UGG's product line covers six major scenarios, including rain, snow, extreme cold, indoor, casual, and summer, alleviating product homogeneity and boosting brand popularity [187] - HOKA's performance running shoes offer superior cushioning and support, with a focus on lightweight, thick-soled designs that provide excellent shock absorption and stability [47][169] Operational Efficiency and Channel Strategy - The company has improved operational efficiency through DTC expansion, increasing the DTC revenue share from 34% in FY2015 to 43.3% in FY2024 Q1-Q3 [12] - Future plans aim for a 50% DTC and wholesale revenue split, with continued emphasis on DTC channel growth [12] Industry and Market Trends - The global footwear market has shown recovery since 2021, with retail sales reaching $384.05B in 2023, and a projected CAGR of over 5% from 2023 to 2028 [119][120] - The outdoor sports market is expanding, driven by emerging platforms and increased participation among younger demographics, with a CAGR of 11.9% from 2020-2022 and 4.7% from 2023-2025E [145] Consumer Insights - UGG's primary consumer base consists of young and middle-aged women, while HOKA's audience is more evenly distributed across genders, with a focus on middle-aged consumers [112][115] - HOKA's consumer base is growing, with 59% of owners under 35 and a higher likelihood of purchase among women and middle-aged consumers [177] Marketing and Branding - UGG has successfully reversed its brand image through celebrity endorsements and collaborations, becoming a staple in streetwear and fashion [166][189] - HOKA focuses on community marketing, organizing running events and providing personalized services to enhance customer loyalty and brand experience [196][222]

Wall Street analysts forecast that Deckers (DECK) will report quarterly earnings of $2.75 per share in its upcoming release, pointing to a year-over-year decline of 20.5%. It is anticipated that revenues will amount to $876.05 million, exhibiting an increase of 10.7% compared to the year-ago quarter. Bearing this in mind, let's now explore the average estimates of specific Deckers metrics that are commonly monitored and projected by Wall Street analysts. According to the collective judgment of analysts, 'Ne ...

Growth stocks offer the potential to outperform the stock market. Picking individual growth stocks takes more effort than buying an ETF, but the returns can make it worth it. One common problem with growth investments is that they attract many investors and end up with high valuations. High P/E ratios and PEG ratios don't leave much room for error. Some stocks continue to soar despite high valuations thanks to strong financial growth. However, combining financial growth with reasonable valuations is possibl ...

Cramer pointed out that it's not been easy lately for some of the big names in the athletic apparel space. Shares of Nike and Lululemon have seen steep declines since the beginning of 2024. Cramer attributed these losses in part to fears of cash-strapped consumers, but also to stiff competition from smaller, fast-growing sneaker and athleisure brands. But Deckers and On are two promising growth stocks, Cramer said. On reported a solid quarter Tuesday that sent shares climbing, and the stock has been able to ...

The market expects Deckers (DECK) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on M ...

UGG® and ALOK, who share the same values of an inclusive community, unpacked how Pride can be expressed for a new fashion era. The all-gender collection features the URSeen Platform and URSeen Dress, designed to embrace the creativity, adaptability, and confidence of the LGBTQ+ community. Serving color- stacked pops of pink and green head to toe, this uplifting collaboration encourages endless self-expression for Pride Month and beyond. In May 2024, ALOK is slated to take center stage at the Netflix is a Jo ...

Deckers (DECK) closed at $862.38 in the latest trading session, marking a +0.06% move from the prior day. This move lagged the S&P 500's daily gain of 0.13%. At the same time, the Dow added 0.08%, and the tech-heavy Nasdaq lost 0.1%.Prior to today's trading, shares of the maker of Ugg footwear had lost 3.04% over the past month. This has lagged the Retail-Wholesale sector's gain of 0.98% and the S&P 500's loss of 0.35% in that time.Market participants will be closely following the financial results of Decke ...

Sanuk Launches Limited-Edition Sauce-Repellent Footwear for Grill EnthusiastsGOLETA, Calif., May 7, 2024 /PRNewswire/ -- Just in time for National Barbecue Month, Sanuk®, a division of Deckers Brands (NYSE: DECK), has joined forces with Traeger, Inc. ("Traeger") (NYSE: COOK), the pioneers of wood-pellet grills, to launch a limited-edition shoe inspired by barbecue culture, the Happy Hour Lite x Traeger. United by a shared passion for good times and bringing people together, the duo created an innovative foo ...

Not every stock crashes with the rest of the market. Some corporations offer high margins of safety and can hold firmly during bad times. Putting some of your capital in these investments can reduce your portfolio’s losses from peak to trough. However, a small number of stocks can actually perform well when the market crashes. It’s harder to find these stocks, and it’s possible for equities in this category to simply outperform the market. For instance, most assets get dragged down during market crashes, bu ...