Movement Alert｜Deckers Outdoor falls 4.05% in Regular Trading, post-earnings sales guidance cut continues to weigh on shares

Market Focus11-13 03:39

On November 13, Deckers Outdoor fell 4.05% in Regular Trading, trading at $84.86 per share, with turnover of $149.0 million.

The most identifiable catalyst remains the company’s latest quarterly results and the market’s continued focus on its lower full-year sales outlook, despite an earnings beat.

Deckers Outdoor previously reported fiscal second-quarter adjusted EPS of $2.31, above expectations near $1.79, while revenue rose 3.5% to $1.48 billion, below expectations around $1.51 billion. The company also raised full-year EPS guidance to $7.80-$7.95 but cut full-year net sales guidance to $5.70-$5.725 billion from $5.86-$5.91 billion, reinforcing concerns that direct-to-consumer sales remain under pressure. More recently, a Neutral initiation with an $89 price target added to the view that valuation recovery may be limited after the post-results reset.

(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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