On July 28, Deckers Outdoor rose 5.03% in regular trading, reaching $102.65/share with turnover of approximately $62.45 million. The rally was driven by the combination of a strong Q1 earnings beat reported on July 24 and subsequent bullish analyst endorsements.
The company posted Q1 EPS of $0.94, beating the consensus estimate of $0.87 by approximately 8%, while revenue of $1.02 billion slightly exceeded expectations. Earnings rose from $0.93 per share a year earlier. Following the results, UBS issued a report stating the stock offers exceptional value, maintaining a buy rating with a $161 price target. UBS highlighted that HOKA and UGG brands are expected to positively surprise the market on revenue growth, projecting high-single-digit sales growth and low-double-digit EPS growth over a five-year horizon.
Additionally, Jefferies had previously upgraded the stock to buy from hold with a $130 target on July 13. The company guided fiscal 2027 diluted EPS of $7.35-$7.50, roughly in line with estimates. Its long-term outlook targets high-single-digit annual revenue growth through fiscal 2030 and low-double-digit EPS growth supported by ongoing share buybacks funded at approximately 80% of projected free cash flow.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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