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723700.0
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2023-10-31 00:00:00 UTC
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Deckers Outdoor Corp. Shares Close in on 52-Week High - Market Mover
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp.-shares-close-in-on-52-week-high-market-mover-6
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed today at 0.8% below its 52 week high of $598.50, giving the company a market cap of $15B. The stock is currently up 49.6% year-to-date, up 70.6% over the past 12 months, and up 369.5% over the past five years. This week, the Dow Jones Industrial Average fell 0.3%, and the S&P 500 fell 1.3%.
Trading Activity
Trading volume this week was 24.5% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -734.1%
The company's stock price performance over the past 12 months beats the peer average by 901.2%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 133.1% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.8% below its 52 week high of $598.50, giving the company a market cap of $15B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -734.1% The company's stock price performance over the past 12 months beats the peer average by 901.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 133.1% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.8% below its 52 week high of $598.50, giving the company a market cap of $15B. This week, the Dow Jones Industrial Average fell 0.3%, and the S&P 500 fell 1.3%. Trading Activity Trading volume this week was 24.5% higher than the 20-day average.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.8% below its 52 week high of $598.50, giving the company a market cap of $15B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -734.1% The company's stock price performance over the past 12 months beats the peer average by 901.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 133.1% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.8% below its 52 week high of $598.50, giving the company a market cap of $15B. This week, the Dow Jones Industrial Average fell 0.3%, and the S&P 500 fell 1.3%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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ca8981f2-7529-49e7-ac31-c0ac359cb245
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723701.0
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2023-10-31 00:00:00 UTC
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Deckers (DECK) is an Incredible Growth Stock: 3 Reasons Why
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DECK
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https://www.nasdaq.com/articles/deckers-deck-is-an-incredible-growth-stock%3A-3-reasons-why
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nan
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nan
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Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
Our proprietary system currently recommends Deckers (DECK) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.
While there are numerous reasons why the stock of this maker of Ugg footwear is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Deckers is 22.9%, investors should actually focus on the projected growth. The company's EPS is expected to grow 20.2% this year, crushing the industry average, which calls for EPS growth of -6%.
Cash Flow Growth
Cash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds.
Right now, year-over-year cash flow growth for Deckers is 11.4%, which is higher than many of its peers. In fact, the rate compares to the industry average of -20.9%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 18.9% over the past 3-5 years versus the industry average of 1.4%.
Promising Earnings Estimate Revisions
Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for Deckers. The Zacks Consensus Estimate for the current year has surged 4.6% over the past month.
Bottom Line
Deckers has not only earned a Growth Score of A based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #1 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions Deckers well for outperformance, so growth investors may want to bet on it.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Our proprietary system currently recommends Deckers (DECK) as one such stock. While the historical EPS growth rate for Deckers is 22.9%, investors should actually focus on the projected growth. Right now, year-over-year cash flow growth for Deckers is 11.4%, which is higher than many of its peers.
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While the historical EPS growth rate for Deckers is 22.9%, investors should actually focus on the projected growth. Our proprietary system currently recommends Deckers (DECK) as one such stock. Right now, year-over-year cash flow growth for Deckers is 11.4%, which is higher than many of its peers.
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Our proprietary system currently recommends Deckers (DECK) as one such stock. While the historical EPS growth rate for Deckers is 22.9%, investors should actually focus on the projected growth. Right now, year-over-year cash flow growth for Deckers is 11.4%, which is higher than many of its peers.
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While the historical EPS growth rate for Deckers is 22.9%, investors should actually focus on the projected growth. Bottom Line Deckers has not only earned a Growth Score of A based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #1 because of the positive earnings estimate revisions. Our proprietary system currently recommends Deckers (DECK) as one such stock.
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d8803d0b-2f9c-48da-a996-c610e964fa63
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723702.0
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2023-10-31 00:00:00 UTC
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How to Find Strong Buy Retail and Wholesale Stocks Using the Zacks Rank
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DECK
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https://www.nasdaq.com/articles/how-to-find-strong-buy-retail-and-wholesale-stocks-using-the-zacks-rank-6
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nan
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nan
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Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor.
But how do you find the right combination of stocks? Funding your retirement, your kids' college tuition, or your short- and long-term savings goals certainly requires significant returns.
Enter the Zacks Rank.
What is the Zacks Rank?
The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, that makes building a winning portfolio easier.
There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.
Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.
Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.
Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.
Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.
These four factors are assigned a raw score that's recalculated every night, which is then compiled into the ranking system. Stocks are classified into five groups using this data, ranging from "Strong Buy" to "Strong Sell."
The Power of Institutional Investors
The Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.
Institutional investors are the professionals who manage the trillions of dollars invested in mutual funds, investment banks, and hedge funds. Studies have shown that these investors can and do move the market due to the large amounts of money they invest with. Because of this, the market tends to move in the same direction as institutional investors.
In order to figure out the fair value of a company and its shares, these investors will build valuation models focused on earnings and earnings expectations. Because if you raise estimates for the bottom line, it creates a higher fair value for a company.
Institutional investors will use these changes to help in their decision-making, typically buying stocks with rising estimates and selling those with falling estimates. Higher earnings expectations can translate into a rise in stock price and bigger gains for the investor.
Because it can take a long time for an institutional investor to build a position -- sometimes weeks, if not months -- retail investors who get in at the first sign of upward revisions have a distinct advantage over these larger investors, and can benefit from the expected institutional buying that will follow.
Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.
How to Invest with the Zacks Rank
The Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +25.41%.
Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.
Let's take a look at Deckers (DECK), which was added to the Zacks Rank #1 list on October 31, 2023.
Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The company sells products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk and Other brands (mainly comprised of Koolaburra).
Nine analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.89 to $23.29 per share. DECK boasts an average earnings surprise of 26.3%.
Earnings are expected to grow 20.2% for the current fiscal year, while revenue is projected to increase 10.8%.
DECK has been moving higher over the past four weeks as well, up 13% compared to the S&P 500's loss of 2.8%.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Deckers should be on investors' shortlist.
If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.
Discover Today's Top Stocks
Our private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Applying the Zacks Rank in your own trading can boost your investing returns on your very next trade. See Today's Zacks #1 Rank List >>
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Let's take a look at Deckers (DECK), which was added to the Zacks Rank #1 list on October 31, 2023. Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. DECK boasts an average earnings surprise of 26.3%.
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Bottom Line With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Deckers should be on investors' shortlist. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Let's take a look at Deckers (DECK), which was added to the Zacks Rank #1 list on October 31, 2023.
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Let's take a look at Deckers (DECK), which was added to the Zacks Rank #1 list on October 31, 2023. Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. DECK boasts an average earnings surprise of 26.3%.
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Let's take a look at Deckers (DECK), which was added to the Zacks Rank #1 list on October 31, 2023. Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. DECK boasts an average earnings surprise of 26.3%.
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7e449a47-ed3a-4315-b02c-77b2ea1a5c93
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723703.0
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2023-10-31 00:00:00 UTC
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Here's How Much a $1000 Investment in Deckers Made 10 Years Ago Would Be Worth Today
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DECK
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https://www.nasdaq.com/articles/heres-how-much-a-%241000-investment-in-deckers-made-10-years-ago-would-be-worth-today-0
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nan
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nan
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For most investors, how much a stock's price changes over time is important. Not only can it impact your investment portfolio, but it can also help you compare investment results across sectors and industries.
Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.
What if you'd invested in Deckers (DECK) ten years ago? It may not have been easy to hold on to DECK for all that time, but if you did, how much would your investment be worth today?
Deckers' Business In-Depth
With that in mind, let's take a look at Deckers' main business drivers.
Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The company sells products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk and Other brands (mainly comprised of Koolaburra).
Its products are sold through specialty domestic retailers, international distributors and directly to end-users through its websites and catalogs. The company sells directly to global consumers through the Direct-to-Consumer (DTC) channel, which is comprised of e-commerce websites and retail stores. The brands are sold worldwide, including in the United States, Canada, Europe, Asia-Pacific and Latin America.
The UGG brand (55.9% of Q2 fiscal 24 total revenues) has proven to be a highly resilient line of premium footwear, apparel and accessories with expanded product offerings. The company intends to continue diversifying the brand to drive year-round product sales through the expansion of women’s spring and summer footwear, men’s products and apparel, home goods and accessories.
The HOKA brand (38.8% of Q2 fiscal 24 total revenues) is an authentic, premium line of year-round performance footwear, apparel and accessories.
The Teva brand’s product line (2% of Q2 fiscal 24 total revenues) includes a range of performance, casual, footwear and trail lifestyle products.
The Sanuk brand (0.5% of Q2 fiscal 24 total revenues) has manifested into a lifestyle brand with a presence in the relaxed casual shoe and sandal categories.
The company's Other brands (2.8% of Q2 fiscal 24 total revenues) is a casual footwear fashion line using sheepskin and other plush materials.
(Notes: Zacks identifies fiscal years by the month in which the fiscal year ends, while DECK identifies its fiscal year by the calendar year in which it begins; so comparable figures for any given fiscal year, as published by DECK, will refer to this same fiscal year as being the year before the same year, as identified by Zacks.)
Bottom Line
Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For Deckers, if you bought shares a decade ago, you're likely feeling really good about your investment today.
According to our calculations, a $1000 investment made in October 2013 would be worth $8,703.99, or a gain of 770.40%, as of October 31, 2023, and this return excludes dividends but includes price increases.
In comparison, the S&P 500 gained 136.31% and the price of gold went up 44.90% over the same time frame.
Going forward, analysts are expecting more upside for DECK.
Shares of Deckers have risen and outpaced the industry in the past six months. The company put on another impressive show in second-quarter fiscal 2024. The quarter marked the eighth straight positive sales and earnings surprise. Both the top and bottom lines grew year over year. Strength in the UGG and HOKA brands contributed to the results. Solid gains from the direct-to-consumer (“DTC”) channels, brand growth, a strong balance sheet and a stable operating model poise Deckers well for success. It envisions fiscal 2024 net sales to increase 11% from the prior year quarter. However, weakness across the Teva and Sanuk brands, along with rising expenses, might affect its performance. Supply-chain issues, labor shortages, inflationary pressures and changes in consumer confidence are some of the headwinds that Deckers needs to counter.
Shares have gained 12.95% over the past four weeks and there have been 9 higher earnings estimate revisions for fiscal 2023 compared to none lower. The consensus estimate has moved up as well.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Solid gains from the direct-to-consumer (“DTC”) channels, brand growth, a strong balance sheet and a stable operating model poise Deckers well for success. What if you'd invested in Deckers (DECK) ten years ago? It may not have been easy to hold on to DECK for all that time, but if you did, how much would your investment be worth today?
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. What if you'd invested in Deckers (DECK) ten years ago? It may not have been easy to hold on to DECK for all that time, but if you did, how much would your investment be worth today?
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(Notes: Zacks identifies fiscal years by the month in which the fiscal year ends, while DECK identifies its fiscal year by the calendar year in which it begins; so comparable figures for any given fiscal year, as published by DECK, will refer to this same fiscal year as being the year before the same year, as identified by Zacks.) What if you'd invested in Deckers (DECK) ten years ago? It may not have been easy to hold on to DECK for all that time, but if you did, how much would your investment be worth today?
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What if you'd invested in Deckers (DECK) ten years ago? It may not have been easy to hold on to DECK for all that time, but if you did, how much would your investment be worth today? Deckers' Business In-Depth With that in mind, let's take a look at Deckers' main business drivers.
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4390006a-3019-4f38-abc2-c68531d944c0
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723704.0
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2023-10-31 00:00:00 UTC
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Q3 Earnings Winners and Losers: 3 Stock Duds and 4 Studs
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DECK
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https://www.nasdaq.com/articles/q3-earnings-winners-and-losers%3A-3-stock-duds-and-4-studs
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The third-quarter earnings parade continues. According to data compiled by FactSet, 73% of S&P 500 listed companies have reported better-than-expected earnings, and 66% have announced better revenue than had been anticipated among professional analysts. Overall, that’s a pretty good track record. However, there have been plenty of hits and misses among some notable names this earnings period. While some companies have knocked the cover off the ball, others have struck out badly, sending their share prices plummeting as a result. With markets continuing to trend lower and on track to record a loss for the month of October, investors don’t appear to be in a forgiving mood. Companies that have missed expectations for Q3 are seeing their stocks punished. Here are Q3 earnings winners and losers to rethink — three stock duds and four studs.
Q3 Earnings Dud: Canada Goose (GOOS)
Source: rblfmr / Shutterstock.com
It’s a bad time to be selling winter parkas with the world warming at an alarming rate and wildfires raging across much of the planet. That partly explains why Canada Goose (NYSE:GOOS) laid an egg with its most recent financial results, pushing the company’s share price down to an all-time low. Canada Goose reported a net loss of $85 million for its fiscal 2024 first quarter. Revenue in the quarter rose 21% from a year earlier to $84.8 million, which was ahead of analysts’ estimates. However, the forward guidance provided by Canada Goose was a disaster.
The luxury parka maker forecast fiscal second-quarter revenue of $270 million to $290 million, below analyst estimates of $298.5 million. The company added that it foresees a net loss per share of between 17 and 24 cents compared with forecasts for a profit of 6 cents in fiscal Q2. Sales of luxury goods in the U.S. and elsewhere have been slowing in recent months due to high inflation and rising interest rates. Analysts were quick to downgrade GOOS stock. Both Wells Fargo (NYSE:WFC) and TD Cowen dropped the stock to a Hold, citing a weak economic outlook in both the U.S. and China.
GOOS stock is now down 36% on the year and trading at a 52-week low, which is also an all-time low.
Ford Motor (F)
Source: D K Grove / Shutterstock.com
Shares of Ford Motor (NYSE:F) dropped 10% immediately after the Detroit automaker issued a disappointing Q3 print and pulled its forward guidance. To be fair, the bad numbers and guidance pull were due almost entirely to the six-week labor strike the company endured at the hands of the United Auto Workers (UAW) union. That said, the cost of the strike and its long-term negative impacts are only now emerging, and it’s not looking good. Ford said the strike cost it $1.3 billion in lost production and said it plans to delay $12 billion in previously announced electric vehicle investments, including postponing construction of an electric vehicle battery plant in Kentucky, due to the labor disruption.
For Q3, Ford reported earnings per share (EPS) of 39 cents compared to 45 cents expected on Wall Street. Revenue in the quarter totaled $41.18 billion versus $41.22 billion expected. Citing the strike, Ford pulled its forward guidance for the remainder of this year. If there’s a silver lining, it’s that Ford’s miserable Q3 print arrived a day after the Detroit automaker reached a tentative deal with the UAW, bringing the strike to an end. Analysts at Deutsche Bank (NYSE:DB) calculated the new labor deal, which runs over four and a half years, will cost Ford $6.2 billion. The new collective agreement provides 25% pay increases. F stock is down 15% on the year and also at a 52-week low.
Q3 Earnings Dud: Tesla (TSLA)
Source: Rokas Tenys / Shutterstock.com
Tesla’s (NASDAQ:TSLA) stock has fallen nearly 20% since the electric vehicle maker issued an underwhelming Q3 print in mid-October. The company, led by CEO Elon Musk, missed Wall Street’s forecasts in nearly every category and provided weak forward guidance. Tesla reported Q3 EPS of 66 cents and revenue of $23.4 billion. Analysts who track the company’s progress had expected a profit of 73 cents and sales of $24.1 billion for the July through September period. Tesla’s EPS was down 37% from a year earlier, and its gross profit margin was 16.3%, below the 17.2% forecast on Wall Street.
Tesla executives said the company’s price cuts this year are likely to continue as it tries to boost slumping sales. The company has slash prices aggressively this year to help drive sales volumes amid rising interest rates and growing competition from other automakers. The average price of a Tesla vehicle is now $10,000 less than it was a year ago, according to the company. Musk also dampened expectations for the upcoming release of Tesla’s Cybertruck, saying it will likely take a year or longer before the electric pick-up truck is a significant profit contributor.
TSLA stock is now trading 9% lower than where it was a year ago.
Q3 Earnings Studs: Deckers Outdoor (DECK)
Source: shutterstock.com/Piotr Swat
Talk about an earnings bounce. The stock of Deckers Outdoor (NYSE:DECK) rose nearly 20% immediately after the company announced its financial results. The big move comes after the maker of Ugg boots and Hoka running shoes reported record sales and profits for the company’s second fiscal quarter of 2024. Specifically, Deckers reported EPS of $6.82, well ahead of the $4.43 forecast on Wall Street. Revenue in the quarter increased 24.7% year-over-year to $1.09 billion, topping the consensus estimate of $960.62 million among analysts. Both the earnings and revenue were records.
Executives at Deckers Outdoor attributed the stellar results to continued demand for its Ugg boots and Hoka sneakers. The company also reported that its direct-to-consumer sales rose 38.8% to $331.7 million, while its wholesale sales grew 19.4% to $760.2 million during the quarter. Looking ahead, Deckers said it now expects EPS of $22.90 to $23.25, and revenue of $4.025 billion for its entire fiscal year. Both estimates are ahead of Wall Street forecasts. DECK stock has gained nearly 50% on the year and is trading near a 52-week high.
Chipotle Mexican Grill (CMG)
Source: Northfoto / Shutterstock.com
Chipotle Mexican Grill’s (NYSE:CMG) third-quarter financial results topped Wall Street expectations as the quick service restaurant chain raised prices charged for its burritos and other menu items. The company reported EPS of $11.36 compared to $10.55 — the consensus expectation among analysts. Revenue in Q3 totaled $2.47 billion, which was in line with forecasts. Chipotle’s prices were 2.8% higher in Q3 than a year ago due to price hikes implemented in autumn 2022. Earlier this October, Chipotle raised its menu prices for the first time in more than a year, citing rising food inflation as the reason.
During their Q3earnings callwith analysts and media, Chipotle executives said the company has pricing power, or the ability to raise prices without alienating customers. Chipotle’s Q3 same-store sales rose 5%, beating estimates of 4.6%. The company credited higher transactions and menu prices for the same-store sales growth. Also during the July through September period, Chipotle opened 62 new restaurant locations, 54 of which have a drive-thru lane reserved for picking up digital orders. The company plans to open 285 to 315 new restaurants in 2024.
CMG stock gained 5% after the Q3 print and is up 38% year-to-date.
Amazon (AMZN)
Source: Tada Images / Shutterstock.com
E-commerce giant Amazon (NASDAQ:AMZN) reported its best quarterly results since the pandemic, beating Wall Street forecasts across the board following a year of cost cutting measures. For Q3, Amazon announced EPS of 94 cents, which trounced the 58 cents expected among Wall Street analysts. Revenue in Q3 came in at $143.1 billion compared to $141.4 billion that was anticipated. Cloud-computing unit Amazon Web Services (AWS) posted sales of $23.1 billion versus the $23.2 billion forecasted. Advertising revenue totaled $12.1 billion compared to the anticipated $11.6 billion.
Amazon added that its core e-commerce business saw sales growth of 7% year-over-year in Q3 after expanding 4% in this year’s second quarter. The Q3 numbers include the results from Amazon’s July Prime Day, which the company called its “biggest ever” sales event. Additionally, digital advertising revenue increased 26% in Q3 from a year earlier, and AWS saw growth in the quarter of 12%. Amazon’s cost cutting measures earlier in the year helped boost its profit margins, with the company reporting a Q3 operating margin of 7.8%, the highest level in two years.
AMZN stock jumped 7% higher after the Q3 print, bringing its year-to-date gains to 49%.
Netflix (NFLX)
Source: xalien / Shutterstock
Netflix (NASDAQ:NFLX) stock is up 16% since the company reported strong Q3 financial results that crushed analysts’ forecasts. The streaming giant is back in investors’ good graces after reporting EPS of $3.73, which was ahead of the consensus estimate among analysts of $3.49. Revenue for the three months ended Sept. 30 totaled $8.54 billion, which matched forecasts. However, the figure that really moved NFLX stock was a much better-than-expected increase in paid subscriptions. The company added 8.8 million net new subscribers in Q3.
Netflix also issued strong guidance, forecasting revenue of $8.70 billion for the fourth quarter compared with the consensus Wall Street view of $8.78 billion. The strong results were all the more impressive given that they arrived during an ongoing strike by Hollywood actors that has shutdown film and television production worldwide. Netflix said the positive quarter was due in large part to increased subscription fees and improving profitability. The company now expects a profit margin of 20% for all of this year, which is at the high end of its previous guidance of 18% to 20%. NFLX stock is up 35% year-to-date.
On the date of publication, Joel Baglole held a long position in DECK. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
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The post Q3 Earnings Winners and Losers: 3 Stock Duds and 4 Studs appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Q3 Earnings Studs: Deckers Outdoor (DECK) Source: shutterstock.com/Piotr Swat Talk about an earnings bounce. The stock of Deckers Outdoor (NYSE:DECK) rose nearly 20% immediately after the company announced its financial results. Specifically, Deckers reported EPS of $6.82, well ahead of the $4.43 forecast on Wall Street.
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Q3 Earnings Studs: Deckers Outdoor (DECK) Source: shutterstock.com/Piotr Swat Talk about an earnings bounce. The stock of Deckers Outdoor (NYSE:DECK) rose nearly 20% immediately after the company announced its financial results. Specifically, Deckers reported EPS of $6.82, well ahead of the $4.43 forecast on Wall Street.
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Q3 Earnings Studs: Deckers Outdoor (DECK) Source: shutterstock.com/Piotr Swat Talk about an earnings bounce. The stock of Deckers Outdoor (NYSE:DECK) rose nearly 20% immediately after the company announced its financial results. Specifically, Deckers reported EPS of $6.82, well ahead of the $4.43 forecast on Wall Street.
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Q3 Earnings Studs: Deckers Outdoor (DECK) Source: shutterstock.com/Piotr Swat Talk about an earnings bounce. The stock of Deckers Outdoor (NYSE:DECK) rose nearly 20% immediately after the company announced its financial results. Specifically, Deckers reported EPS of $6.82, well ahead of the $4.43 forecast on Wall Street.
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f34e3ba9-56f8-4d70-912e-99bf28a63e3e
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723705.0
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2023-10-31 00:00:00 UTC
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Snap These 4 Top-Ranked Liquid Stocks for Solid Returns
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DECK
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https://www.nasdaq.com/articles/snap-these-4-top-ranked-liquid-stocks-for-solid-returns
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nan
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nan
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Investors looking for high returns will likely benefit from adding stocks with sound liquidity levels, as it encourages business growth.
Liquidity measures a company’s capability to meet its short-term debt obligations. Stocks with high liquidity levels have always been in demand, owing to their potential to provide maximum returns.
Investors should be alert before considering such stocks. While a high liquidity level may imply that the company is clearing its dues faster than its peers, it may also suggest that it cannot utilize assets competently.
Hence, one may consider efficiency and liquidity to identify potential winners.
Measures to Identify Liquid Stocks
Current Ratio: It measures existing assets relative to current liabilities. The ratio gauges a company’s potential to meet short- and long-term debt obligations. A current ratio — the working capital ratio — below 1 indicates that the company has more liabilities than assets. However, a high current ratio does not always suggest that the company is in good financial shape. It may also indicate that the firm failed to utilize its assets significantly. Hence, a range of 1-3 is considered ideal.
Quick Ratio: Unlike the current ratio, the quick ratio — the ‘acid-test ratio’ or ‘quick assets ratio’ — indicates a company’s ability to pay short-term obligations. It considers inventory, excluding the current assets relative to current liabilities. A quick ratio of more than 1 is desirable, like the current ratio.
Cash Ratio: This is the most conservative ratio among the three, considering cash and cash equivalents and invested funds relative to current liabilities. It measures a company’s ability to meet existing debt obligations using the most liquid assets. Though a cash ratio of more than 1 may suggest sound financials, a higher number may indicate inefficiency in cash utilization.
A ratio greater than 1 is always desirable but may not always represent a company’s financial condition.
Screening Parameters
To pick the best of the lot, we have added asset utilization — a widely used measure of a company’s efficiency — as one of the screening criteria. Asset utilization is the ratio of total sales in the past 12 months to the last four-quarter average of total assets. Though this ratio varies across industries, companies with a ratio higher than their respective industries can be considered efficient.
We added our proprietary Growth Style Score to the screen to ensure these liquid and efficient stocks have solid growth potential.
Current Ratio, Quick Ratio and Cash Ratio between 1 and 3 (While liquidity ratios greater than 1 are desirable, significantly high ratios may indicate inefficiency.)
Asset utilization is more significant than the industry average (Higher asset utilization than the industry average indicates a company’s efficiency.)
Zacks Rank equal to #1 (Only Strong Buy-rated stocks can get through). You can see the complete list of today’s Zacks #1 Rank stocks here.
Growth Score less than or equal to B (Back-tested results show that stocks with a Growth Score of A or B handily beat other stocks when combined with a Zacks Rank #1 or 2.)
These criteria have narrowed the universe of more than 7,700 stocks to only seven.
Here are four of the seven stocks that qualified for the screen:
Deckers Outdoor Corporation DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The company sells products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk and Other brands (mainly comprised of Koolaburra). Strength in the UGG and HOKA brands is driving top-line performance. Solid gains from the direct-to-consumer (“DTC”) channels, brand growth, a strong balance sheet and a stable operating model poise Deckers well for success. It envisions fiscal 2024 net sales to increase 11% from the prior-year quarter’s levels. The Zacks Consensus Estimate for DECK’s 2024 earnings has been revised upward to $22.87 per share from $22.40 in the past 60 days. The company fiscal has a Growth Score of A and a trailing four-quarter earnings surprise of 26.3%, on average.
NVIDIA Corporation NVDA is the worldwide leader in visual computing technologies and an inventor of the graphic processing unit or GPU. The company’s performance is driven by solid revenue growth across its datacenter end market, which is gaining from increasing investments in generative AI. The company’s Datacenter business is driven by the growing adoption of cloud-based solutions amid the ever-increasing hybrid working trend. The strong demand for its chips from large cloud service and consumer internet companies bodes well. The Zacks Consensus Estimate for its fiscal 2024 bottom line is pegged at $10.74 per share, suggesting an increase of 2.7% in the past 60 days. NVDA has a Growth Score of A and a trailing four-quarter earnings surprise of 9.8%, on average.
Sprinklr CXM provides modern enterprises with a unified customer experience management platform. Sprinklr’s advanced AI-powered platform aids clients in delivering human experiences to customers all the time across all modern communication channels. The company’s client base includes companies like Microsoft, P&G and Samsung. The Zacks Consensus Estimate for its fiscal 2024 bottom line is pegged at 30 cents per share, improved from earnings of 21 cents in the past 60 days. The company has a Growth Score of A and a trailing four-quarter earnings surprise of 275%, on average.
Surmodics Inc SRDX is a leading provider of medical device and In Vitro Diagnostics (IVD) technologies to the healthcare industry. It reports through two segments — Medical Devices and IVD. Surmodics' strength in its thrombectomy portfolio is encouraging. Its continued efforts to improve its research and development bode well. Its sustained progress with respect to clinical trials looks promising. A strong liquidity position is an added plus. The Zacks Consensus Estimate for fiscal 2024 earnings is pegged at a loss of 22 cents per share, unchanged from 60 days ago. SRDX has a Growth Score of A and a trailing four-quarter earnings surprise of 71.2%, on average.
Get the remaining stocks on the list and start testing this and other ideas. It can all be done with the Research Wizard stock picking and back-testing software.
The Research Wizard is a great place to begin and easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in and see what gems come out.
Click here to sign up for a free trial of the Research Wizard today.
Disclosure: Officers, directors and employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies is available at: https://www.zacks.com/performance.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Surmodics, Inc. (SRDX) : Free Stock Analysis Report
Sprinklr, Inc. (CXM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Solid gains from the direct-to-consumer (“DTC”) channels, brand growth, a strong balance sheet and a stable operating model poise Deckers well for success. Here are four of the seven stocks that qualified for the screen: Deckers Outdoor Corporation DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The Zacks Consensus Estimate for DECK’s 2024 earnings has been revised upward to $22.87 per share from $22.40 in the past 60 days.
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Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Surmodics, Inc. (SRDX) : Free Stock Analysis Report Sprinklr, Inc. (CXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Here are four of the seven stocks that qualified for the screen: Deckers Outdoor Corporation DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. Solid gains from the direct-to-consumer (“DTC”) channels, brand growth, a strong balance sheet and a stable operating model poise Deckers well for success.
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Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Surmodics, Inc. (SRDX) : Free Stock Analysis Report Sprinklr, Inc. (CXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Here are four of the seven stocks that qualified for the screen: Deckers Outdoor Corporation DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. Solid gains from the direct-to-consumer (“DTC”) channels, brand growth, a strong balance sheet and a stable operating model poise Deckers well for success.
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Here are four of the seven stocks that qualified for the screen: Deckers Outdoor Corporation DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. Solid gains from the direct-to-consumer (“DTC”) channels, brand growth, a strong balance sheet and a stable operating model poise Deckers well for success. The Zacks Consensus Estimate for DECK’s 2024 earnings has been revised upward to $22.87 per share from $22.40 in the past 60 days.
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98440980-98ad-47ec-b530-c35fdb6bf269
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723706.0
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2023-10-30 00:00:00 UTC
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Notable ETF Outflow Detected - IJH, DECK, OVV, ELS
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DECK
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https://www.nasdaq.com/articles/notable-etf-outflow-detected-ijh-deck-ovv-els
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $858.5 million dollar outflow -- that's a 1.3% decrease week over week (from 283,650,000 to 279,950,000). Among the largest underlying components of IJH, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 1.3%, Ovintiv Inc (Symbol: OVV) is down about 1.3%, and Equity Lifestyle Properties Inc (Symbol: ELS) is up by about 1.2%. For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average:
Looking at the chart above, IJH's low point in its 52 week range is $231.49 per share, with $273.73 as the 52 week high point — that compares with a last trade of $232.19. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
AAON Options Chain
AEHL YTD Return
Institutional Holders of TROX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of IJH, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 1.3%, Ovintiv Inc (Symbol: OVV) is down about 1.3%, and Equity Lifestyle Properties Inc (Symbol: ELS) is up by about 1.2%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of IJH, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 1.3%, Ovintiv Inc (Symbol: OVV) is down about 1.3%, and Equity Lifestyle Properties Inc (Symbol: ELS) is up by about 1.2%. For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $231.49 per share, with $273.73 as the 52 week high point — that compares with a last trade of $232.19. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Among the largest underlying components of IJH, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 1.3%, Ovintiv Inc (Symbol: OVV) is down about 1.3%, and Equity Lifestyle Properties Inc (Symbol: ELS) is up by about 1.2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $858.5 million dollar outflow -- that's a 1.3% decrease week over week (from 283,650,000 to 279,950,000). For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $231.49 per share, with $273.73 as the 52 week high point — that compares with a last trade of $232.19.
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Among the largest underlying components of IJH, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 1.3%, Ovintiv Inc (Symbol: OVV) is down about 1.3%, and Equity Lifestyle Properties Inc (Symbol: ELS) is up by about 1.2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $858.5 million dollar outflow -- that's a 1.3% decrease week over week (from 283,650,000 to 279,950,000). For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $231.49 per share, with $273.73 as the 52 week high point — that compares with a last trade of $232.19.
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680fc547-131a-45c1-9883-e2abd57c48bf
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723707.0
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2023-10-30 00:00:00 UTC
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Deckers Outdoor Corp. Shares Climb 0.5% Past Previous 52-Week High - Market Mover
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp.-shares-climb-0.5-past-previous-52-week-high-market-mover-1
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed 0.5% higher than its previous 52 week high, giving the company a market cap of $15B. The stock is currently up 46.4% year-to-date, up 69.3% over the past 12 months, and up 353.3% over the past five years. This week, the Dow Jones Industrial Average fell 0.0%, and the S&P 500 fell 1.2%.
Trading Activity
Trading volume this week was 73.5% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -634.4%
The company's stock price performance over the past 12 months beats the peer average by 1161.2%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 131.6% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. (DECK) shares closed 0.5% higher than its previous 52 week high, giving the company a market cap of $15B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -634.4% The company's stock price performance over the past 12 months beats the peer average by 1161.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 131.6% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 0.5% higher than its previous 52 week high, giving the company a market cap of $15B. This week, the Dow Jones Industrial Average fell 0.0%, and the S&P 500 fell 1.2%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -634.4% The company's stock price performance over the past 12 months beats the peer average by 1161.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 131.6% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 0.5% higher than its previous 52 week high, giving the company a market cap of $15B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -634.4% The company's stock price performance over the past 12 months beats the peer average by 1161.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 131.6% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Deckers Outdoor Corp. (DECK) shares closed 0.5% higher than its previous 52 week high, giving the company a market cap of $15B. This week, the Dow Jones Industrial Average fell 0.0%, and the S&P 500 fell 1.2%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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0c7c49eb-f8d6-4975-8b34-e22046a39fe0
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723708.0
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2023-10-30 00:00:00 UTC
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Deckers Outdoor Corporation (DECK) Hits Fresh High: Is There Still Room to Run?
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corporation-deck-hits-fresh-high%3A-is-there-still-room-to-run-0
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nan
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nan
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Have you been paying attention to shares of Deckers (DECK)? Shares have been on the move with the stock up 12.1% over the past month. The stock hit a new 52-week high of $585 in the previous session. Deckers has gained 44.4% since the start of the year compared to the 9.7% move for the Zacks Retail-Wholesale sector and the 1.5% return for the Zacks Retail - Apparel and Shoes industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on October 26, 2023, Deckers reported EPS of $6.82 versus consensus estimate of $4.41 while it beat the consensus revenue estimate by 14.02%.
For the current fiscal year, Deckers is expected to post earnings of $22.87 per share on $3.98 billion in revenues. This represents a 18.07% change in EPS on a 9.77% change in revenues. For the next fiscal year, the company is expected to earn $25.95 per share on $4.38 billion in revenues. This represents a year-over-year change of 13.45% and 10.04%, respectively.
Valuation Metrics
Deckers may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Deckers has a Value Score of C. The stock's Growth and Momentum Scores are A and C, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 25.2X current fiscal year EPS estimates, which is a premium to the peer industry average of 13.3X. On a trailing cash flow basis, the stock currently trades at 27.5X versus its peer group's average of 7.2X. Additionally, the stock has a PEG ratio of 1.5. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Deckers currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Deckers passes the test. Thus, it seems as though Deckers shares could have a bit more room to run in the near term.
How Does DECK Stack Up to the Competition?
Shares of DECK have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Vera Bradley, Inc. (VRA). VRA has a Zacks Rank of # 2 (Buy) and a Value Score of B, a Growth Score of A, and a Momentum Score of F.
Earnings were strong last quarter. Vera Bradley, Inc. beat our consensus estimate by 175%, and for the current fiscal year, VRA is expected to post earnings of $0.53 per share on revenue of $494.32 million.
Shares of Vera Bradley, Inc. have gained 8.8% over the past month, and currently trade at a forward P/E of 13.57X and a P/CF of 2.49X.
The Retail - Apparel and Shoes industry may rank in the bottom 58% of all the industries we have in our universe, but there still looks like there are some nice tailwinds for DECK and VRA, even beyond their own solid fundamental situation.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Vera Bradley, Inc. (VRA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Have you been paying attention to shares of Deckers (DECK)? Deckers has gained 44.4% since the start of the year compared to the 9.7% move for the Zacks Retail-Wholesale sector and the 1.5% return for the Zacks Retail - Apparel and Shoes industry. In its last earnings report on October 26, 2023, Deckers reported EPS of $6.82 versus consensus estimate of $4.41 while it beat the consensus revenue estimate by 14.02%.
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In its last earnings report on October 26, 2023, Deckers reported EPS of $6.82 versus consensus estimate of $4.41 while it beat the consensus revenue estimate by 14.02%. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Vera Bradley, Inc. (VRA) : Free Stock Analysis Report To read this article on Zacks.com click here. Have you been paying attention to shares of Deckers (DECK)?
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Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Deckers passes the test. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Vera Bradley, Inc. (VRA) : Free Stock Analysis Report To read this article on Zacks.com click here. Have you been paying attention to shares of Deckers (DECK)?
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Have you been paying attention to shares of Deckers (DECK)? Deckers has gained 44.4% since the start of the year compared to the 9.7% move for the Zacks Retail-Wholesale sector and the 1.5% return for the Zacks Retail - Apparel and Shoes industry. In its last earnings report on October 26, 2023, Deckers reported EPS of $6.82 versus consensus estimate of $4.41 while it beat the consensus revenue estimate by 14.02%.
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105b28ee-e1cd-45f2-aed6-2377ad1d0154
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723709.0
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2023-10-30 00:00:00 UTC
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Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio
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DECK
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https://www.nasdaq.com/articles/why-this-1-growth-stock-could-be-a-great-addition-to-your-portfolio-274
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nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Deckers (DECK)
Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. The company sell products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk, and Koolaburra.
DECK is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. DECK has a Growth Style Score of A, forecasting year-over-year earnings growth of 18.1% for the current fiscal year.
Six analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.47 to $22.87 per share. DECK also boasts an average earnings surprise of 26.3%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, DECK should be on investors' short list.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stock to Watch: Deckers (DECK) Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. DECK is a #2 (Buy) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. DECK has a Growth Style Score of A, forecasting year-over-year earnings growth of 18.1% for the current fiscal year.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Stock to Watch: Deckers (DECK) Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. DECK is a #2 (Buy) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors.
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Stock to Watch: Deckers (DECK) Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. DECK is a #2 (Buy) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. DECK has a Growth Style Score of A, forecasting year-over-year earnings growth of 18.1% for the current fiscal year.
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Stock to Watch: Deckers (DECK) Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. DECK is a #2 (Buy) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. DECK has a Growth Style Score of A, forecasting year-over-year earnings growth of 18.1% for the current fiscal year.
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9fae2936-c6f5-46ba-9665-05d857fb12c1
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723710.0
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2023-10-29 00:00:00 UTC
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Deckers Outdoor Corp. Shares Approach 52-Week High - Market Mover
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp.-shares-approach-52-week-high-market-mover-10
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed today at 0.1% below its 52 week high of $585.00, giving the company a market cap of $15B. The stock is currently up 44.4% year-to-date, up 66.9% over the past 12 months, and up 373.4% over the past five years. This week, the Dow Jones Industrial Average fell 2.1%, and the S&P 500 fell 2.5%.
Trading Activity
Trading volume this week was 336.7% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -508.7%
The company's stock price performance over the past 12 months beats the peer average by 2218.7%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 134.6% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.1% below its 52 week high of $585.00, giving the company a market cap of $15B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -508.7% The company's stock price performance over the past 12 months beats the peer average by 2218.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 134.6% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.1% below its 52 week high of $585.00, giving the company a market cap of $15B. This week, the Dow Jones Industrial Average fell 2.1%, and the S&P 500 fell 2.5%. Trading Activity Trading volume this week was 336.7% higher than the 20-day average.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.1% below its 52 week high of $585.00, giving the company a market cap of $15B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -508.7% The company's stock price performance over the past 12 months beats the peer average by 2218.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 134.6% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.1% below its 52 week high of $585.00, giving the company a market cap of $15B. This week, the Dow Jones Industrial Average fell 2.1%, and the S&P 500 fell 2.5%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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90fc3af5-113b-48d2-9911-acbe8042e141
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723711.0
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2023-10-28 00:00:00 UTC
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BTIG Maintains Deckers Outdoor (DECK) Buy Recommendation
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DECK
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https://www.nasdaq.com/articles/btig-maintains-deckers-outdoor-deck-buy-recommendation-2
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nan
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nan
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Fintel reports that on October 27, 2023, BTIG maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation.
Analyst Price Forecast Suggests 9.04% Upside
As of October 5, 2023, the average one-year price target for Deckers Outdoor is 628.50. The forecasts range from a low of 494.90 to a high of $787.50. The average price target represents an increase of 9.04% from its latest reported closing price of 576.37.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 2.05%. The projected annual non-GAAP EPS is 22.00.
What is the Fund Sentiment?
There are 1242 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 66 owner(s) or 5.61% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.39%, a decrease of 7.80%. Total shares owned by institutions decreased in the last three months by 3.54% to 29,000K shares.
The put/call ratio of DECK is 1.06, indicating a bearish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 822K shares representing 3.15% ownership of the company. In it's prior filing, the firm reported owning 817K shares, representing an increase of 0.65%. The firm increased its portfolio allocation in DECK by 9.00% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 800K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 813K shares, representing a decrease of 1.70%. The firm increased its portfolio allocation in DECK by 10.55% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 735K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 735K shares, representing a decrease of 0.11%. The firm decreased its portfolio allocation in DECK by 7.93% over the last quarter.
Wellington Management Group Llp holds 700K shares representing 2.68% ownership of the company. In it's prior filing, the firm reported owning 554K shares, representing an increase of 20.89%. The firm increased its portfolio allocation in DECK by 905.65% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 681K shares representing 2.60% ownership of the company. In it's prior filing, the firm reported owning 690K shares, representing a decrease of 1.37%. The firm increased its portfolio allocation in DECK by 10.16% over the last quarter.
Deckers Outdoor Background Information
(This description is provided by the company.)
Deckers Outdoor Corporation, doing business as Deckers Brands, is a footwear designer and distributor based in Goleta, California, United States. It was founded in 1973 by University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on October 27, 2023, BTIG maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 9.04% Upside As of October 5, 2023, the average one-year price target for Deckers Outdoor is 628.50. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 2.05%.
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Fintel reports that on October 27, 2023, BTIG maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 9.04% Upside As of October 5, 2023, the average one-year price target for Deckers Outdoor is 628.50. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 2.05%.
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Fintel reports that on October 27, 2023, BTIG maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 9.04% Upside As of October 5, 2023, the average one-year price target for Deckers Outdoor is 628.50. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 2.05%.
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Analyst Price Forecast Suggests 9.04% Upside As of October 5, 2023, the average one-year price target for Deckers Outdoor is 628.50. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 2.05%. Fintel reports that on October 27, 2023, BTIG maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation.
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3b3d2cdc-a68c-49ff-890e-6be8cae8c6a8
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723712.0
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2023-10-27 00:00:00 UTC
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Consumer Sector Update for 10/27/2023: ANF, AMZN, DECK, CL
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DECK
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https://www.nasdaq.com/articles/consumer-sector-update-for-10-27-2023%3A-anf-amzn-deck-cl
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nan
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nan
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Consumer stocks were mixed in late Friday afternoon trading, with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 1.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1%.
In corporate news, Abercrombie & Fitch (ANF) is facing a lawsuit alleging that former Chief Executive Mike Jeffries ran a sex-trafficking operation for years, multiple media outlets reported Friday. Its shares dropped 1.9%.
Amazon.com (AMZN) shares jumped 6.6% after the company reported Q3 earnings of $0.94 per diluted share, up from $0.28 a year earlier. Analysts polled by Capital IQ expected $0.58.
Deckers Brands (DECK) shares surged 19% after Wedbush raised the price target on the stock to $650 from $614 after the company reported fiscal Q2 results Thursday.
Colgate-Palmolive (CL) on Friday lifted its full-year earnings outlook as pricing gains helped the company to deliver stronger-than-expected Q3 results. Its shares still fell 1.5%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Brands (DECK) shares surged 19% after Wedbush raised the price target on the stock to $650 from $614 after the company reported fiscal Q2 results Thursday. In corporate news, Abercrombie & Fitch (ANF) is facing a lawsuit alleging that former Chief Executive Mike Jeffries ran a sex-trafficking operation for years, multiple media outlets reported Friday. Colgate-Palmolive (CL) on Friday lifted its full-year earnings outlook as pricing gains helped the company to deliver stronger-than-expected Q3 results.
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Deckers Brands (DECK) shares surged 19% after Wedbush raised the price target on the stock to $650 from $614 after the company reported fiscal Q2 results Thursday. Consumer stocks were mixed in late Friday afternoon trading, with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 1.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1%. Amazon.com (AMZN) shares jumped 6.6% after the company reported Q3 earnings of $0.94 per diluted share, up from $0.28 a year earlier.
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Deckers Brands (DECK) shares surged 19% after Wedbush raised the price target on the stock to $650 from $614 after the company reported fiscal Q2 results Thursday. Consumer stocks were mixed in late Friday afternoon trading, with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 1.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1%. Amazon.com (AMZN) shares jumped 6.6% after the company reported Q3 earnings of $0.94 per diluted share, up from $0.28 a year earlier.
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Deckers Brands (DECK) shares surged 19% after Wedbush raised the price target on the stock to $650 from $614 after the company reported fiscal Q2 results Thursday. Its shares dropped 1.9%. Amazon.com (AMZN) shares jumped 6.6% after the company reported Q3 earnings of $0.94 per diluted share, up from $0.28 a year earlier.
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ff876fb9-0f06-48b1-9e49-873b134d7d26
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723713.0
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2023-10-27 00:00:00 UTC
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Shares of HOKA shoes maker Deckers Outdoor hit record after Q2 results
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DECK
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https://www.nasdaq.com/articles/shares-of-hoka-shoes-maker-deckers-outdoor-hit-record-after-q2-results
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nan
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nan
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By Chibuike Oguh
NEW YORK, Oct 27 (Reuters) - Shares of Deckers Outdoor DECK.N jumped by nearly 21% to a record high on Friday after the maker of HOKA shoes and UGG boots reported strong second quarter results that beat analyst estimates.
Deckers Outdoor's revenue jumped 24.7% to $1.09 billion, boosted by sales of its flagship shoe brands, while earnings per share nearly doubled to $6.82, the company reported on Thursday. It also raised its full-year revenue guidance to about $4.03 billion.
Analysts had estimated Deckers revenue and earnings per share be at $960.51 million and $4.43, according to LSEG data.
Following the result, Deckers Outdoor's stock reached $585, up 20.7%, highest on record, and on track for its biggest gain since May 2017. It was last up 19% and has gained nearly 45% year-to-date.
The company sports a price-to-earnings ratio of 24, more than most of its peers, according to LSEG data.
Multiple analysts, including those at Wedbush, Jefferies, and Bank of America, raised their price target for Deckers Outdoor shares after the announcement. The median price target of the 18 analysts covering the stock is $625, with a current recommendation of "buy," LSEG data shows.
Deckers designs and sells shoes and clothing under several brands, with HOKA and UGG products accounting for more than 80% of its sales. Its products are sold directly to customers and through third-party retailers.
"We continue to believe investments in brand and DTC (direct to customer) are paying dividends, allowing for significant out-performance in a tough environment," said BTIG analysts led by Janine Stichter, who raised their price target for the company's stock to $650 from $640.
(Reporting by Chibuike Oguh in New York; additional reporting by Juveria Tabassum; editing by Jonathan Oatis)
((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Chibuike Oguh NEW YORK, Oct 27 (Reuters) - Shares of Deckers Outdoor DECK.N jumped by nearly 21% to a record high on Friday after the maker of HOKA shoes and UGG boots reported strong second quarter results that beat analyst estimates. Deckers Outdoor's revenue jumped 24.7% to $1.09 billion, boosted by sales of its flagship shoe brands, while earnings per share nearly doubled to $6.82, the company reported on Thursday. Analysts had estimated Deckers revenue and earnings per share be at $960.51 million and $4.43, according to LSEG data.
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By Chibuike Oguh NEW YORK, Oct 27 (Reuters) - Shares of Deckers Outdoor DECK.N jumped by nearly 21% to a record high on Friday after the maker of HOKA shoes and UGG boots reported strong second quarter results that beat analyst estimates. Deckers Outdoor's revenue jumped 24.7% to $1.09 billion, boosted by sales of its flagship shoe brands, while earnings per share nearly doubled to $6.82, the company reported on Thursday. Multiple analysts, including those at Wedbush, Jefferies, and Bank of America, raised their price target for Deckers Outdoor shares after the announcement.
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By Chibuike Oguh NEW YORK, Oct 27 (Reuters) - Shares of Deckers Outdoor DECK.N jumped by nearly 21% to a record high on Friday after the maker of HOKA shoes and UGG boots reported strong second quarter results that beat analyst estimates. Deckers Outdoor's revenue jumped 24.7% to $1.09 billion, boosted by sales of its flagship shoe brands, while earnings per share nearly doubled to $6.82, the company reported on Thursday. Analysts had estimated Deckers revenue and earnings per share be at $960.51 million and $4.43, according to LSEG data.
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By Chibuike Oguh NEW YORK, Oct 27 (Reuters) - Shares of Deckers Outdoor DECK.N jumped by nearly 21% to a record high on Friday after the maker of HOKA shoes and UGG boots reported strong second quarter results that beat analyst estimates. Analysts had estimated Deckers revenue and earnings per share be at $960.51 million and $4.43, according to LSEG data. Deckers Outdoor's revenue jumped 24.7% to $1.09 billion, boosted by sales of its flagship shoe brands, while earnings per share nearly doubled to $6.82, the company reported on Thursday.
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0e9ee4d7-53d1-4047-918a-69eb9df6ff16
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723714.0
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2023-10-27 00:00:00 UTC
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Deckers (DECK) Beats on Q2 Earnings Estimates, Raises FY24 View
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DECK
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https://www.nasdaq.com/articles/deckers-deck-beats-on-q2-earnings-estimates-raises-fy24-view
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Deckers Outdoor Corporation DECK witnessed an 11.2% jump in its share price during the after-market trading session on Oct 26. This spike was in response to the company's outstanding second-quarter performance and optimistic outlook for fiscal 2024. The strong quarterly results were underpinned by the exceptional performance of the HOKA ONE ONE and UGG brands and solid growth in direct-to-consumer (DTC) channels. Additionally, the global wholesale business delivered a commendable performance in the quarter.
Let’s Delve Deeper
Deckers delivered quarterly earnings of $6.82 per share, which surpassed the Zacks Consensus Estimate of $4.41 per share. The reported figure increased substantially from the prior-year quarter’s tally of $3.80 per share.
Net sales of this Zacks Rank #3 (Hold) company increased 24.7% to $1,092 million and outpaced the consensus estimate of $958 million. On a constant-currency basis, net sales grew 24.2%. Growth in the quarter was driven by robust demand experienced across the HOKA DTC channel and broad-based UGG growth across regions and channels.
The gross margin in the second quarter expanded 520 basis points to 53.4%, which significantly surpassed our expectation of a 200-basis point increase. This improvement can be attributed to several factors, including reduced ocean freight costs, a favorable mix of UGG products driven in part by increased early fall demand, a positive mix of full-price UGG products, a beneficial shift in the sales channel mix, with DTC sales outpacing wholesale, and a marginal benefit of foreign currency exchange rates.
SG&A expenses climbed 22% year over year to $358.4 million. As a percentage of net sales, SG&A stood at 32.8%, 80 basis points lower than the last year.
The company’s operating income came in at $224.6 million, up from $127.8 million in the year-ago quarter. The operating margin increased to 20.6% from 14.6% in the prior-year period.
Deckers Outdoor Corporation Price, Consensus and EPS Surprise
Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote
Brand-Wise Discussion
The HOKA brand maintained its impressive performance, achieving a 27.3% increase in sales, reaching $424 million, which exceeded our projected figure of $411.9 million.
In contrast, the UGG brand rebounded significantly after disappointing past quarters, exhibiting remarkable growth of 28.1% in net sales of $610.5 million, surpassing our estimate of $481.9 million.
Teva brand faced continued challenges, experiencing a 28.4% decline in net sales, amounting to $21.5 million, falling short of our projected $31.3 million in sales.
The Sanuk brand's poor performance persisted, resulting in a 28.5% decrease in net sales to $5.4 million, which was lower than our estimated figure of $7.1 million. Meanwhile, net sales for Other brands, primarily comprising Koolaburra, grew 7.2% to $30.6 million, exceeding our estimate of $24.8 million.
Channel & Geography-Wise Discussion
Wholesale net sales increased 19.4% year over year to $760.2 million and fared better than our projected number of $675.4 million. DTC net sales advanced 38.8% to $331.7 million, while DTC comparable net sales surged 36.8%. The reported number comfortably exceeded our estimate of $281.6 million.
Domestic net sales increased 21.1% to $748 million, while International net sales rose 33.3% to $343.9 million.
Other Financial Aspects
Cash and cash equivalents stood at $823.1 million as of Sep 30, 2023. The company ended the quarter with a total stockholders’ equity of $1,795.1 million. There were no outstanding borrowings.
During the quarter, Deckers repurchased about 347 thousand shares for $185.5 million. As of Sep 30, 2023, the company had $1,146 million remaining under its share repurchase authorization.
A Sneak Peek Into Outlook
Deckers envisions fiscal 2024 net sales to be approximately $4,025 million, up from the earlier projection of $3,980 million. This suggests an increase of about 11% from the $3,627 million reported in fiscal 2023.
With respect to brand performance, Deckers has revised its UGG growth expectations and now anticipates mid-single-digit growth instead of the prior forecast of low single digits. This upward adjustment is attributed to the sustained global brand momentum fueled by strong early demand.
The company maintained its outlook for HOKA's full-year revenue growth, expecting it to exceed 20%. However, it anticipates slower percentage growth in the third quarter due to this year's product launch schedule, which is more concentrated in the fourth quarter. Conversely, the company’s expectations for Teva have been adjusted downward due to a weakening macroeconomic environment.
Deckers now expects gross margin in the range of 52.5%-53%, up from the previous projection of 52%. This revised outlook represents a notable improvement from the 50.3% gross margin reported in fiscal 2023. SG&A expenses, as a percentage of sales, are expected in the range of 34%-34.5%. Management foresees the operating margin to be approximately 18.5% in fiscal 2024, up from 18% reported last fiscal.
Deckers now expects fiscal 2024 earnings in the band of $22.90-$23.25 per share, up from the $21.75-$22.25 per share projected earlier. The current view compares favorably with the earnings of $19.37 per share reported in fiscal 2023.
Shares of this Goleta, CA-based company have rallied 33.5% year to date against the industry’s 1% decline.
3 Stocks Looking Hot
Here, we have highlighted some better-ranked stocks, namely American Eagle Outfitters AEO, Abercrombie & Fitch ANF and G-III Apparel Group GIII.
American Eagle Outfitters is a leading global specialty retailer offering on-trend clothing, accessories and personal care under its American Eagle and Aerie brands. The company sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for American Eagle Outfitters’ current fiscal sales and EPS suggests growth of 2.2% and 33%, respectively, from the year-ago reported figure. AEO has a trailing four-quarter earnings surprise of 43.2%, on average.
Abercrombie & Fitch, a leading, global, omnichannel specialty retailer of apparel and accessories for men, women and kids, sports a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 724.8%, on average.
The Zacks Consensus Estimate for Abercrombie & Fitch’s current financial-year sales suggests growth of 10% from the year-ago period.
G-III Apparel Group, a global leader in fashion with expertise in design, sourcing and manufacturing, sports a Zacks Rank #1. GIII has a trailing four-quarter earnings surprise of 526.6%, on average.
The Zacks Consensus Estimate for G-III Apparel Group’s current fiscal sales and EPS suggests growth of 2.4% and 14.7%, respectively, from the year-ago reported figure.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corporation DECK witnessed an 11.2% jump in its share price during the after-market trading session on Oct 26. Let’s Delve Deeper Deckers delivered quarterly earnings of $6.82 per share, which surpassed the Zacks Consensus Estimate of $4.41 per share. Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote Brand-Wise Discussion The HOKA brand maintained its impressive performance, achieving a 27.3% increase in sales, reaching $424 million, which exceeded our projected figure of $411.9 million.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote Brand-Wise Discussion The HOKA brand maintained its impressive performance, achieving a 27.3% increase in sales, reaching $424 million, which exceeded our projected figure of $411.9 million. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK witnessed an 11.2% jump in its share price during the after-market trading session on Oct 26.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote Brand-Wise Discussion The HOKA brand maintained its impressive performance, achieving a 27.3% increase in sales, reaching $424 million, which exceeded our projected figure of $411.9 million. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK witnessed an 11.2% jump in its share price during the after-market trading session on Oct 26.
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Let’s Delve Deeper Deckers delivered quarterly earnings of $6.82 per share, which surpassed the Zacks Consensus Estimate of $4.41 per share. Deckers Outdoor Corporation DECK witnessed an 11.2% jump in its share price during the after-market trading session on Oct 26. Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote Brand-Wise Discussion The HOKA brand maintained its impressive performance, achieving a 27.3% increase in sales, reaching $424 million, which exceeded our projected figure of $411.9 million.
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aeb143fa-1f16-425f-a03a-97c8fd691cce
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723715.0
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2023-10-26 00:00:00 UTC
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Deckers Outdoor Q2 24 Earnings Conference Call At 4:30 PM ET
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-q2-24-earnings-conference-call-at-4%3A30-pm-et
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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on October 26, 2023, to discuss Q2 24 earnings results.
To access the live webcast, log on to https://ir.deckers.com/news-events/events-and-presentations/default.aspx
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on October 26, 2023, to discuss Q2 24 earnings results. To access the live webcast, log on to https://ir.deckers.com/news-events/events-and-presentations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on October 26, 2023, to discuss Q2 24 earnings results. To access the live webcast, log on to https://ir.deckers.com/news-events/events-and-presentations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on October 26, 2023, to discuss Q2 24 earnings results. To access the live webcast, log on to https://ir.deckers.com/news-events/events-and-presentations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on October 26, 2023, to discuss Q2 24 earnings results. To access the live webcast, log on to https://ir.deckers.com/news-events/events-and-presentations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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5c25e718-91d4-49d6-a219-b490d135ef5e
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723716.0
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2023-10-26 00:00:00 UTC
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Deckers (DECK) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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DECK
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https://www.nasdaq.com/articles/deckers-deck-q2-earnings%3A-how-key-metrics-compare-to-wall-street-estimates
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Deckers (DECK) reported $1.09 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 24.7%. EPS of $6.82 for the same period compares to $3.80 a year ago.
The reported revenue represents a surprise of +14.02% over the Zacks Consensus Estimate of $957.64 million. With the consensus EPS estimate being $4.41, the EPS surprise was +54.65%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Deckers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net sales by brand and channel- Teva brands- Total: $21.50 million versus the five-analyst average estimate of $30.81 million. The reported number represents a year-over-year change of -28.6%.
Net sales by brand and channel- UGG brand- Total: $610.50 million versus $484.64 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +28.1% change.
Net sales by brand and channel- Sanuk brands- Total: $5.40 million versus $7.49 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -28% change.
Net sales by brand and channel- Other brands- Total: $30.60 million compared to the $25.25 million average estimate based on four analysts. The reported number represents a change of +7.4% year over year.
Net sales by brand and channel- HOKA brand- Total: $424 million versus the four-analyst average estimate of $406.61 million. The reported number represents a year-over-year change of +27.3%.
View all Key Company Metrics for Deckers here>>>
Shares of Deckers have returned -1.8% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers (DECK) reported $1.09 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 24.7%. Here is how Deckers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net sales by brand and channel- Teva brands- Total: $21.50 million versus the five-analyst average estimate of $30.81 million. View all Key Company Metrics for Deckers here>>>
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Here is how Deckers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net sales by brand and channel- Teva brands- Total: $21.50 million versus the five-analyst average estimate of $30.81 million. Deckers (DECK) reported $1.09 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 24.7%. View all Key Company Metrics for Deckers here>>>
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Here is how Deckers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net sales by brand and channel- Teva brands- Total: $21.50 million versus the five-analyst average estimate of $30.81 million. Deckers (DECK) reported $1.09 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 24.7%. View all Key Company Metrics for Deckers here>>>
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Here is how Deckers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net sales by brand and channel- Teva brands- Total: $21.50 million versus the five-analyst average estimate of $30.81 million. Deckers (DECK) reported $1.09 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 24.7%. View all Key Company Metrics for Deckers here>>>
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88cc76c6-a9b9-4e25-9741-c6fafd9e05e8
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723717.0
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2023-10-26 00:00:00 UTC
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Deckers Outdoor Corp Profit Climbs In Q2, Beats estimates
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-profit-climbs-in-q2-beats-estimates
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nan
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(RTTNews) - Deckers Outdoor Corp (DECK) announced earnings for its second quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $178.5 million, or $6.82 per share. This compares with $101.5 million, or $3.80 per share, in last year's second quarter.
Analysts on average had expected the company to earn $4.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 24.5% to $1.09 billion from $875.6 million last year.
Deckers Outdoor Corp earnings at a glance (GAAP) :
-Earnings (Q2): $178.5 Mln. vs. $101.5 Mln. last year. -EPS (Q2): $6.82 vs. $3.80 last year. -Analyst Estimate: $4.43 -Revenue (Q2): $1.09 Bln vs. $875.6 Mln last year.
-Guidance: Full year EPS guidance: $22.90 to $23.25 Full year revenue guidance: about $4.025 bln
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deckers Outdoor Corp (DECK) announced earnings for its second quarter that increased from last year and beat the Street estimates. Deckers Outdoor Corp earnings at a glance (GAAP) : -Earnings (Q2): $178.5 Mln. Analysts on average had expected the company to earn $4.43 per share, according to figures compiled by Thomson Reuters.
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Deckers Outdoor Corp earnings at a glance (GAAP) : -Earnings (Q2): $178.5 Mln. (RTTNews) - Deckers Outdoor Corp (DECK) announced earnings for its second quarter that increased from last year and beat the Street estimates. -Analyst Estimate: $4.43 -Revenue (Q2): $1.09 Bln vs. $875.6 Mln last year.
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(RTTNews) - Deckers Outdoor Corp (DECK) announced earnings for its second quarter that increased from last year and beat the Street estimates. Deckers Outdoor Corp earnings at a glance (GAAP) : -Earnings (Q2): $178.5 Mln. -Analyst Estimate: $4.43 -Revenue (Q2): $1.09 Bln vs. $875.6 Mln last year.
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(RTTNews) - Deckers Outdoor Corp (DECK) announced earnings for its second quarter that increased from last year and beat the Street estimates. Deckers Outdoor Corp earnings at a glance (GAAP) : -Earnings (Q2): $178.5 Mln. last year.
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da045dd2-8393-4746-bf82-748c8a65ff43
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723718.0
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2023-10-25 00:00:00 UTC
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Noteworthy Wednesday Option Activity: MITK, DECK, ABNB
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DECK
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity%3A-mitk-deck-abnb
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Mitek Systems, Inc. (Symbol: MITK), where a total of 2,378 contracts have traded so far, representing approximately 237,800 underlying shares. That amounts to about 57% of MITK's average daily trading volume over the past month of 417,485 shares. Particularly high volume was seen for the $10 strike call option expiring November 17, 2023, with 1,210 contracts trading so far today, representing approximately 121,000 underlying shares of MITK. Below is a chart showing MITK's trailing twelve month trading history, with the $10 strike highlighted in orange:
Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 1,843 contracts thus far today. That number of contracts represents approximately 184,300 underlying shares, working out to a sizeable 55.6% of DECK's average daily trading volume over the past month, of 331,640 shares. Especially high volume was seen for the $500 strike call option expiring November 17, 2023, with 302 contracts trading so far today, representing approximately 30,200 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $500 strike highlighted in orange:
And Airbnb Inc (Symbol: ABNB) saw options trading volume of 25,842 contracts, representing approximately 2.6 million underlying shares or approximately 53.9% of ABNB's average daily trading volume over the past month, of 4.8 million shares. Particularly high volume was seen for the $125 strike put option expiring January 19, 2024, with 2,107 contracts trading so far today, representing approximately 210,700 underlying shares of ABNB. Below is a chart showing ABNB's trailing twelve month trading history, with the $125 strike highlighted in orange:
For the various different available expirations for MITK options, DECK options, or ABNB options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Manufacturing Dividend Stock List
Funds Holding ESEB
FTDS Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $500 strike call option expiring November 17, 2023, with 302 contracts trading so far today, representing approximately 30,200 underlying shares of DECK. Below is a chart showing MITK's trailing twelve month trading history, with the $10 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 1,843 contracts thus far today. That number of contracts represents approximately 184,300 underlying shares, working out to a sizeable 55.6% of DECK's average daily trading volume over the past month, of 331,640 shares.
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Below is a chart showing MITK's trailing twelve month trading history, with the $10 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 1,843 contracts thus far today. Below is a chart showing DECK's trailing twelve month trading history, with the $500 strike highlighted in orange: And Airbnb Inc (Symbol: ABNB) saw options trading volume of 25,842 contracts, representing approximately 2.6 million underlying shares or approximately 53.9% of ABNB's average daily trading volume over the past month, of 4.8 million shares. That number of contracts represents approximately 184,300 underlying shares, working out to a sizeable 55.6% of DECK's average daily trading volume over the past month, of 331,640 shares.
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Below is a chart showing DECK's trailing twelve month trading history, with the $500 strike highlighted in orange: And Airbnb Inc (Symbol: ABNB) saw options trading volume of 25,842 contracts, representing approximately 2.6 million underlying shares or approximately 53.9% of ABNB's average daily trading volume over the past month, of 4.8 million shares. Below is a chart showing MITK's trailing twelve month trading history, with the $10 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 1,843 contracts thus far today. That number of contracts represents approximately 184,300 underlying shares, working out to a sizeable 55.6% of DECK's average daily trading volume over the past month, of 331,640 shares.
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Below is a chart showing DECK's trailing twelve month trading history, with the $500 strike highlighted in orange: And Airbnb Inc (Symbol: ABNB) saw options trading volume of 25,842 contracts, representing approximately 2.6 million underlying shares or approximately 53.9% of ABNB's average daily trading volume over the past month, of 4.8 million shares. Below is a chart showing ABNB's trailing twelve month trading history, with the $125 strike highlighted in orange: For the various different available expirations for MITK options, DECK options, or ABNB options, visit StockOptionsChannel.com. Below is a chart showing MITK's trailing twelve month trading history, with the $10 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 1,843 contracts thus far today.
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8f95b779-8f41-45d8-83aa-e8118f61e837
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723719.0
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2023-10-25 00:00:00 UTC
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Stifel Reiterates Deckers Outdoor (DECK) Buy Recommendation
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DECK
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https://www.nasdaq.com/articles/stifel-reiterates-deckers-outdoor-deck-buy-recommendation
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Fintel reports that on October 24, 2023, Stifel reiterated coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation.
Analyst Price Forecast Suggests 26.69% Upside
As of October 5, 2023, the average one-year price target for Deckers Outdoor is 628.50. The forecasts range from a low of 494.90 to a high of $787.50. The average price target represents an increase of 26.69% from its latest reported closing price of 496.10.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%. The projected annual non-GAAP EPS is 22.00.
What is the Fund Sentiment?
There are 1228 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 63 owner(s) or 5.41% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.39%, a decrease of 8.10%. Total shares owned by institutions decreased in the last three months by 3.38% to 29,024K shares.
The put/call ratio of DECK is 1.09, indicating a bearish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 822K shares representing 3.15% ownership of the company. In it's prior filing, the firm reported owning 817K shares, representing an increase of 0.65%. The firm increased its portfolio allocation in DECK by 9.00% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 800K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 813K shares, representing a decrease of 1.70%. The firm increased its portfolio allocation in DECK by 10.55% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 735K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 735K shares, representing a decrease of 0.11%. The firm decreased its portfolio allocation in DECK by 7.93% over the last quarter.
Wellington Management Group Llp holds 700K shares representing 2.68% ownership of the company. In it's prior filing, the firm reported owning 554K shares, representing an increase of 20.89%. The firm increased its portfolio allocation in DECK by 905.65% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 681K shares representing 2.60% ownership of the company. In it's prior filing, the firm reported owning 690K shares, representing a decrease of 1.37%. The firm increased its portfolio allocation in DECK by 10.16% over the last quarter.
Deckers Outdoor Background Information
(This description is provided by the company.)
Deckers Outdoor Corporation, doing business as Deckers Brands, is a footwear designer and distributor based in Goleta, California, United States. It was founded in 1973 by University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on October 24, 2023, Stifel reiterated coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 26.69% Upside As of October 5, 2023, the average one-year price target for Deckers Outdoor is 628.50. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%.
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Fintel reports that on October 24, 2023, Stifel reiterated coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 26.69% Upside As of October 5, 2023, the average one-year price target for Deckers Outdoor is 628.50. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%.
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Fintel reports that on October 24, 2023, Stifel reiterated coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 26.69% Upside As of October 5, 2023, the average one-year price target for Deckers Outdoor is 628.50. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%.
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Analyst Price Forecast Suggests 26.69% Upside As of October 5, 2023, the average one-year price target for Deckers Outdoor is 628.50. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%. Fintel reports that on October 24, 2023, Stifel reiterated coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation.
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4799dab7-621d-448c-a79f-fa02227f35f0
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723720.0
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2023-10-25 00:00:00 UTC
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5 Must See Earnings Charts
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DECK
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https://www.nasdaq.com/articles/5-must-see-earnings-charts-2
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Earnings season really kicks into high gear this week with over 900 companies expected to report including several of the Magnificent 7 companies and dozens of other S&P 500 companies.
Among them will be some prominent retailers and two energy giants. Thanks to two mega-deals that were only recently announced, the energy giants will be in the spotlight this week.
Additionally, energy prices are back up, which means earnings are too. Energy has the top sector rank.
But with a recession allegedly looming on the horizon, who would want to buy the retail stocks now? These three retailers are in different segments of the industry: furniture, shoes and the rural life. What will they tell us about the health of the consumer?
5 Must See Earnings Charts
1. Ethan Allen Interiors Inc. (ETD)
Ethan Allen is a furniture retailer. It saw earnings soar during the pandemic, but the pandemic buying has receded. Ethan Allen has only missed one time in the last 5 years and it was in 2019, before the pandemic. That’s an impressive track record.
Shares of Ethan Allen have weakened in the last 3 months, falling 7.3%. It’s cheap, with a forward P/E of 8.8.
Ethan Allen is also shareholder friendly, with a dividend yielding a whopping 5.1%.
Is it too soon to consider a furniture retailer like Ethan Allen?
2. Deckers Outdoor Corp. (DECK)
Deckers makes two of the hottest shoe brands in UGG and Hoka. It has an excellent earnings surprise track record with just 1 miss in the last 5 years, which was in 2021.
Shares of Deckers have been on an incredible 5-year run, gaining 328%, but have weakened recently, falling 7.7% over the last 3 months. Deckers isn’t cheap, with a forward P/E of 22.
Can Deckers beat again this quarter?
3. Tractor Supply Co. (TSCO)
Tractor Supply, the rural retailer, had a tremendous streak of earnings surprises during the pandemic. It beat 12 quarters in a row. But in 2023, Tractor Supply has suddenly missed two quarters in a row. What’s going on?
Shares of Tractor Supply are up 118% over the last 5 years but have weakened in the last 3 months, falling 8.1% during that time. It’s not as expensive as some peers, however, with a forward P/E of 19.5.
Is this a buying opportunity in Tractor Supply?
4. Chevron Corp. (CVX)
Chevron has beat 4 out of the last 5 quarters. But the shares mostly move on the price of oil and natural gas. Crude prices have rebounded back over $80 in recent weeks.
Shares of Chevron have outperformed the last 2 years, rising 39% but are down in the last 3 months, falling 1.3%. It’s cheap, with a forward P/E of 11.6.
Chevron pays a dividend, currently yielding 3.9%. The company also recently announced it was buying Hess, a big driller in Guyana.
Should Chevron be on your short list?
5. Exxon Mobil Corp. (XOM)
Exxon Mobil is coming off a miss last quarter but it beat the prior 4 quarters. It’s been a big winner over the last 2 years, with shares up 71.7%. But over the last 3 months, the shares have fallen 6.6%.
Exxon Mobil is also cheap, and trades at the same P/E as Chevron, at 11.6. It, too, pays a dividend, yielding 3.4%.
Exxon Mobil recently announced it was buying Pioneer Natural Resources, the largest independent producer in the Permian Basin.
Is there more upside in Exxon Mobil shares?
[In full disclosure, the author of this article owns shares of CVX and PXD.]
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Chevron Corporation (CVX) : Free Stock Analysis Report
Exxon Mobil Corporation (XOM) : Free Stock Analysis Report
Tractor Supply Company (TSCO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Ethan Allen Interiors Inc. (ETD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. (DECK) Deckers makes two of the hottest shoe brands in UGG and Hoka. Shares of Deckers have been on an incredible 5-year run, gaining 328%, but have weakened recently, falling 7.7% over the last 3 months. Deckers isn’t cheap, with a forward P/E of 22.
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Click to get this free report Chevron Corporation (CVX) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Tractor Supply Company (TSCO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ethan Allen Interiors Inc. (ETD) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. (DECK) Deckers makes two of the hottest shoe brands in UGG and Hoka. Shares of Deckers have been on an incredible 5-year run, gaining 328%, but have weakened recently, falling 7.7% over the last 3 months.
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Click to get this free report Chevron Corporation (CVX) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Tractor Supply Company (TSCO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ethan Allen Interiors Inc. (ETD) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. (DECK) Deckers makes two of the hottest shoe brands in UGG and Hoka. Shares of Deckers have been on an incredible 5-year run, gaining 328%, but have weakened recently, falling 7.7% over the last 3 months.
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Deckers Outdoor Corp. (DECK) Deckers makes two of the hottest shoe brands in UGG and Hoka. Shares of Deckers have been on an incredible 5-year run, gaining 328%, but have weakened recently, falling 7.7% over the last 3 months. Deckers isn’t cheap, with a forward P/E of 22.
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07f0a0ef-c95f-4130-8087-b3c69db0887f
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723721.0
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2023-10-25 00:00:00 UTC
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What to Note Ahead of Deckers Outdoor's (DECK) Q2 Earnings
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DECK
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https://www.nasdaq.com/articles/what-to-note-ahead-of-deckers-outdoors-deck-q2-earnings
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Deckers Outdoor Corporation DECK is likely to register an increase in the top line from the last fiscal year’s quarterly reading when it reports second-quarter fiscal 2024 earnings on Oct 26, after market close. The Zacks Consensus Estimate for revenues is pegged at $958.6 million, indicating an improvement of 9.5% from the prior fiscal year’s quarterly reported figure.
The bottom line of this designer, marketer and distributor of footwear, apparel and accessories is expected to rise from the earlier fiscal year’s quarterly figure. Over the past 30 days, the consensus estimate for earnings per share in the fiscal second quarter has decreased by a penny to $4.40, suggesting growth of 15.8% from the last fiscal year’s quarterly level.
In the last reported quarter, this Goleta, CA-based player’s bottom line outperformed the Zacks Consensus Estimate by 8.6%.
Key Factors to Note
Deckers has been grappling with weakness across its UGG, Teva and Sanuk brands owing to a tepid demand environment for its products. Also, challenges within the Other brands, primarily composed of Koolaburra, might have hurt the company’s performance in the second quarter of fiscal 2024. We expect net sales from the Sanuk and Other brands to decline by 5.7% and 13%, respectively, in the fiscal second quarter.
Rising sales and operating expenses have been a concern for the company over the past few quarters. For instance, in the first quarter of fiscal 2024, its cost of sales increased by 3% year over year while selling, general and administrative (“SG&A”) expenses surged by 15.6%. The company’s investment in major business areas, including strategic marketing, supply-chain footprint and e-commerce capabilities, might have hurt its margin and profitability in the to-be-reported quarter.
For the quarter under review, we expect SG&A expenses of about $334 million, suggesting a rise of 13.5% year over year. As a percentage of revenues, the metric is estimated to be 34.9%, indicating an increase of 130 basis points year over year.
Supply chain issues and related expenses, labor shortages, inflationary pressures and geopolitical tensions are some headwinds Deckers might have encountered during the fiscal second quarter. Given the company’s extensive geographic presence, a stronger U.S. dollar might have also hurt its overseas business in the fiscal second quarter.
That said, Deckers’ second-quarter performance is likely to have benefited from strength in the HOKA brand, solid omni-channel capabilities, investment in logistics infrastructure and customer-centric product and marketing strategies. The company’s focus on expanding brand assortments, introducing an innovative line of products and enhancing direct-to-consumer business contribution might have acted as a tailwind.
Deckers Outdoor Corporation Price and EPS Surprise
Deckers Outdoor Corporation price-eps-surprise | Deckers Outdoor Corporation Quote
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Deckers this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, but that’s not the case here, as elaborated below.
Deckers has an Earnings ESP of +5.38%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
DECK currently has a Zacks Rank #4 (Sell).
Stocks With the Favorable Combination
Here are three companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in the upcoming releases:
Performance Food Group Company PFGC currently has an Earnings ESP of +3.13% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The company is expected to report bottom-line growth when it releases its quarterly results. The Zacks Consensus Estimate for earnings is pinned at $1.11 per share, indicating an increase of 2.8% from the year-ago quarter’s reported level.
Its revenues are anticipated to have improved year over year. The consensus mark for the same is pegged at $15 billion, implying a 1.9% increase from that reported in the prior-year period. PFGC has a trailing four-quarter average earnings surprise of 15.9%.
Ulta Beauty ULTA currently has an Earnings ESP of +3.75% and a Zacks Rank #3. The company is expected to register a bottom-line decline when it reports third-quarter fiscal 2023 results. The Zacks Consensus Estimate for earnings is pinned at $4.98 per share, indicating a fall of 6.7% from the year-ago quarter’s reported number.
The company’s revenues are anticipated to increase year over year. The consensus mark for the same is pegged at $2.5 billion, indicating growth of 6.2% from that reported in the year-ago quarter. ULTA has a trailing four-quarter average earnings surprise of 12.9%.
CVS Health CVS currently has an Earnings ESP of +0.98% and a Zacks Rank #3. CVS is likely to record top-line growth when it reports second-quarter 2023 results.
The Zacks Consensus Estimate for revenues is pegged at $88.2 billion, indicating an 8.7% improvement from the prior-year quarter’s actual. The consensus mark for earnings is pinned at $2.13 per share, implying a 1.9% increase from that reported in the year-ago quarter. It has a trailing four-quarter earnings surprise of 4.8%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
CVS Health Corporation (CVS) : Free Stock Analysis Report
Ulta Beauty Inc. (ULTA) : Free Stock Analysis Report
Performance Food Group Company (PFGC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Supply chain issues and related expenses, labor shortages, inflationary pressures and geopolitical tensions are some headwinds Deckers might have encountered during the fiscal second quarter. That said, Deckers’ second-quarter performance is likely to have benefited from strength in the HOKA brand, solid omni-channel capabilities, investment in logistics infrastructure and customer-centric product and marketing strategies. Deckers Outdoor Corporation DECK is likely to register an increase in the top line from the last fiscal year’s quarterly reading when it reports second-quarter fiscal 2024 earnings on Oct 26, after market close.
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Deckers Outdoor Corporation DECK is likely to register an increase in the top line from the last fiscal year’s quarterly reading when it reports second-quarter fiscal 2024 earnings on Oct 26, after market close. Deckers Outdoor Corporation Price and EPS Surprise Deckers Outdoor Corporation price-eps-surprise | Deckers Outdoor Corporation Quote What the Zacks Model Unveils Our proven model doesn’t conclusively predict an earnings beat for Deckers this time around. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report CVS Health Corporation (CVS) : Free Stock Analysis Report Ulta Beauty Inc. (ULTA) : Free Stock Analysis Report Performance Food Group Company (PFGC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Deckers Outdoor Corporation DECK is likely to register an increase in the top line from the last fiscal year’s quarterly reading when it reports second-quarter fiscal 2024 earnings on Oct 26, after market close. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report CVS Health Corporation (CVS) : Free Stock Analysis Report Ulta Beauty Inc. (ULTA) : Free Stock Analysis Report Performance Food Group Company (PFGC) : Free Stock Analysis Report To read this article on Zacks.com click here. Key Factors to Note Deckers has been grappling with weakness across its UGG, Teva and Sanuk brands owing to a tepid demand environment for its products.
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Deckers Outdoor Corporation DECK is likely to register an increase in the top line from the last fiscal year’s quarterly reading when it reports second-quarter fiscal 2024 earnings on Oct 26, after market close. Key Factors to Note Deckers has been grappling with weakness across its UGG, Teva and Sanuk brands owing to a tepid demand environment for its products. Supply chain issues and related expenses, labor shortages, inflationary pressures and geopolitical tensions are some headwinds Deckers might have encountered during the fiscal second quarter.
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4c4e5a64-01ba-4064-855d-c1bbcd05c5c3
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723722.0
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2023-10-24 00:00:00 UTC
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Here's How Skechers (SKX) is Charting the Path to Global Growth
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DECK
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https://www.nasdaq.com/articles/heres-how-skechers-skx-is-charting-the-path-to-global-growth
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nan
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Skechers U.S.A., Inc. SKX places a strong emphasis on delivering products that embody comfort, style, innovation and quality across its entire product range. From its robust direct-to-consumer (DTC) business to strategic international partnerships and an exciting product lineup, Skechers has truly solidified its position in the footwear industry.
Direct-to-Consumer Dominance
One of the pivotal factors contributing to Skechers' achievements is the remarkable expansion of its DTC business. In the second quarter of 2023, this segment demonstrated substantial 29% year-over-year growth, culminating in sales of $939.5 million. This surge can be attributed to the strong demand for Skechers' comfort-focused footwear and an effective strategy for product availability in physical stores. It is clear that the company knows how to generate demand effectively.
Skechers' international wholesale business is another substantial driver of sales. This is underpinned by its ongoing strength in the Asia Pacific (APAC), and Europe, the Middle East, and Africa (EMEA) regions, which experienced double-digit growth in numerous markets. Specifically, APAC grew 14% and EMEA saw a 7% increase year over year in the second quarter.
Diversification of Product Line
In its pursuit of innovation, Skechers constantly expands its product offerings. The second quarter of 2023 saw the introduction of highly sought-after products like the Skechers Hands Free slip-ins, alongside the unveiling of the Skechers Arch Fit and Skechers UNO collections. The company also broadened its range of walking and performance footwear, enhancing its appeal to a wider customer base.
Notably, Skechers has established successful collaborations with various partners. One of these noteworthy collaborations was with the iconic rock band, The Rolling Stones. Recently, the company revealed a limited-edition collection created in partnership with Skechers ambassador Ashley Park, showcasing fashion-forward footwear. This launch followed the release of the popular summer movie, Joy Ride. The company has exciting plans to continue unveiling more captivating collaborations throughout the remainder of 2023.
Widening Retail Presence
Skechers is strategically expanding its retail footprint. In the second quarter, the company expanded its retail presence by opening 50 company-owned Skechers stores and simultaneously closing 39 stores. These store openings comprised 28 locations in China, eight of which transitioned from franchise to company-owned, as well as eight big box stores in the United States, three stores each in Chile and Vietnam. The acquisition of a Scandinavian distributor led to the addition of 56 Skechers stores across four Nordic countries and two stores in Germany.
This brought the total number of Skechers stores worldwide to an impressive 4,705, with 3,161 being third-party stores at the end of the second quarter. The company anticipates opening 90-100 company-owned stores worldwide through the remainder of 2023.
Decent Outlook
Skechers' ambitious goals, innovative product offerings and strategic global expansion efforts paint a promising picture for its future. The company has set a target of achieving $10 billion in annual sales by 2026, which it plans to reach by expanding its retail network, advancing its omni-channel presence, and strengthening its distribution capabilities.
For 2023, management anticipates sales of $7.95-$8.1 billion, marking an increase from the $7.44 billion reported in 2022. Additionally, the company envisions earnings per share (EPS) of $3.25-$3.40, indicating a significant improvement from the $2.38 achieved in the previous year.
Skechers' dedication to comfort, style and innovation, its dynamic global presence, and its strategic partnerships make it an enticing investment option with a bright outlook for sustained growth and profitability.
Other Players in the Industry
As Skechers continues to make waves in the footwear industry, it is essential to take a closer look at the broader competitive landscape.
Deckers Outdoor Corporation DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities.
Deckers is committed to building HOKA into a major player in the performance athletic market. The HOKA brand is expected to rise more than 20% in fiscal 2024, with most of the increase likely to come from the brand's DTC business. Deckers’ UGG brand’s revenues are anticipated to rise in the low-single digits, backed by international expansion and gains from DTC.
American Eagle Outfitters Inc. AEO is a specialty retailer of casual apparel, accessories and footwear for men and women. The company’s efforts to rationalize inventory and contain costs are paying off.
The strong performance of key brands like American Eagle and Aerie, coupled with expansions into premium and activewear segments, indicates potential for growth. The introduction of store designs and online enhancements demonstrates a commitment to improving the customer experience.
Urban Outfitters Inc. URBN is a lifestyle specialty retailer that offers fashion apparel and accessories, footwear, home décor and gift items. Urban Outfitters seems a promising bet due to its solid business strategies and sound fundamentals.
Management has been strengthening its direct-to-consumer business, enhancing productivity across existing channels and optimizing inventory levels. URBN’s strategic growth initiative, the FP Movement and store-growth endeavors are also impressive.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corporation DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Deckers is committed to building HOKA into a major player in the performance athletic market. Deckers’ UGG brand’s revenues are anticipated to rise in the low-single digits, backed by international expansion and gains from DTC.
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Deckers Outdoor Corporation DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Click to get this free report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers is committed to building HOKA into a major player in the performance athletic market.
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Click to get this free report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Deckers is committed to building HOKA into a major player in the performance athletic market.
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Click to get this free report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Deckers is committed to building HOKA into a major player in the performance athletic market.
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2023-10-20 00:00:00 UTC
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Noteworthy ETF Inflows: IJH, BLDR, DECK, CSL
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DECK
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https://www.nasdaq.com/articles/noteworthy-etf-inflows%3A-ijh-bldr-deck-csl
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $132.6 million dollar inflow -- that's a 0.2% increase week over week in outstanding units (from 283,200,000 to 283,750,000). Among the largest underlying components of IJH, in trading today Builders FirstSource Inc. (Symbol: BLDR) is down about 2.2%, Deckers Outdoor Corp. (Symbol: DECK) is off about 1.1%, and Carlisle Companies Inc. (Symbol: CSL) is lower by about 0.7%. For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average:
Looking at the chart above, IJH's low point in its 52 week range is $224 per share, with $273.73 as the 52 week high point — that compares with a last trade of $239.34. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
Materials Stocks Hedge Funds Are Selling
DS Options Chain
Top Ten Hedge Funds Holding HTDS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of IJH, in trading today Builders FirstSource Inc. (Symbol: BLDR) is down about 2.2%, Deckers Outdoor Corp. (Symbol: DECK) is off about 1.1%, and Carlisle Companies Inc. (Symbol: CSL) is lower by about 0.7%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of IJH, in trading today Builders FirstSource Inc. (Symbol: BLDR) is down about 2.2%, Deckers Outdoor Corp. (Symbol: DECK) is off about 1.1%, and Carlisle Companies Inc. (Symbol: CSL) is lower by about 0.7%. For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $224 per share, with $273.73 as the 52 week high point — that compares with a last trade of $239.34. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Among the largest underlying components of IJH, in trading today Builders FirstSource Inc. (Symbol: BLDR) is down about 2.2%, Deckers Outdoor Corp. (Symbol: DECK) is off about 1.1%, and Carlisle Companies Inc. (Symbol: CSL) is lower by about 0.7%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $132.6 million dollar inflow -- that's a 0.2% increase week over week in outstanding units (from 283,200,000 to 283,750,000). For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $224 per share, with $273.73 as the 52 week high point — that compares with a last trade of $239.34.
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Among the largest underlying components of IJH, in trading today Builders FirstSource Inc. (Symbol: BLDR) is down about 2.2%, Deckers Outdoor Corp. (Symbol: DECK) is off about 1.1%, and Carlisle Companies Inc. (Symbol: CSL) is lower by about 0.7%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $132.6 million dollar inflow -- that's a 0.2% increase week over week in outstanding units (from 283,200,000 to 283,750,000). Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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f2bd9924-c828-4adf-9c9a-b3e00c944016
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723724.0
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2023-10-19 00:00:00 UTC
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Deckers (DECK) Reports Next Week: Wall Street Expects Earnings Growth
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DECK
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https://www.nasdaq.com/articles/deckers-deck-reports-next-week%3A-wall-street-expects-earnings-growth
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nan
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nan
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Wall Street expects a year-over-year increase in earnings on higher revenues when Deckers (DECK) reports results for the quarter ended September 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on October 26, 2023, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This maker of Ugg footwear is expected to post quarterly earnings of $4.40 per share in its upcoming report, which represents a year-over-year change of +15.8%.
Revenues are expected to be $958.58 million, up 9.5% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Deckers?
For Deckers, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +5.38%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Deckers will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Deckers would post earnings of $2.22 per share when it actually produced earnings of $2.41, delivering a surprise of +8.56%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Deckers doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Wall Street expects a year-over-year increase in earnings on higher revenues when Deckers (DECK) reports results for the quarter ended September 2023. How Have the Numbers Shaped Up for Deckers? For Deckers, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects.
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Wall Street expects a year-over-year increase in earnings on higher revenues when Deckers (DECK) reports results for the quarter ended September 2023. How Have the Numbers Shaped Up for Deckers? For Deckers, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects.
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For Deckers, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. Wall Street expects a year-over-year increase in earnings on higher revenues when Deckers (DECK) reports results for the quarter ended September 2023. How Have the Numbers Shaped Up for Deckers?
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Wall Street expects a year-over-year increase in earnings on higher revenues when Deckers (DECK) reports results for the quarter ended September 2023. How Have the Numbers Shaped Up for Deckers? For Deckers, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects.
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07b78407-9a41-447d-ab2c-64c847d07b70
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723725.0
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2023-10-19 00:00:00 UTC
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Telsey Advisory Group Reiterates Deckers Outdoor (DECK) Outperform Recommendation
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DECK
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https://www.nasdaq.com/articles/telsey-advisory-group-reiterates-deckers-outdoor-deck-outperform-recommendation-1
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nan
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nan
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Fintel reports that on October 19, 2023, Telsey Advisory Group reiterated coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation.
Analyst Price Forecast Suggests 22.76% Upside
As of October 5, 2023, the average one-year price target for Deckers Outdoor is 628.50. The forecasts range from a low of 494.90 to a high of $787.50. The average price target represents an increase of 22.76% from its latest reported closing price of 511.96.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%. The projected annual non-GAAP EPS is 22.00.
What is the Fund Sentiment?
There are 1229 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 69 owner(s) or 5.95% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.39%, a decrease of 8.49%. Total shares owned by institutions decreased in the last three months by 3.48% to 29,041K shares.
The put/call ratio of DECK is 1.08, indicating a bearish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 822K shares representing 3.15% ownership of the company. In it's prior filing, the firm reported owning 817K shares, representing an increase of 0.65%. The firm increased its portfolio allocation in DECK by 9.00% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 800K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 813K shares, representing a decrease of 1.70%. The firm increased its portfolio allocation in DECK by 10.55% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 735K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 735K shares, representing a decrease of 0.11%. The firm decreased its portfolio allocation in DECK by 7.93% over the last quarter.
Wellington Management Group Llp holds 700K shares representing 2.68% ownership of the company. In it's prior filing, the firm reported owning 554K shares, representing an increase of 20.89%. The firm increased its portfolio allocation in DECK by 905.65% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 681K shares representing 2.60% ownership of the company. In it's prior filing, the firm reported owning 690K shares, representing a decrease of 1.37%. The firm increased its portfolio allocation in DECK by 10.16% over the last quarter.
Deckers Outdoor Background Information
(This description is provided by the company.)
Deckers Outdoor Corporation, doing business as Deckers Brands, is a footwear designer and distributor based in Goleta, California, United States. It was founded in 1973 by University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on October 19, 2023, Telsey Advisory Group reiterated coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 22.76% Upside As of October 5, 2023, the average one-year price target for Deckers Outdoor is 628.50. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%.
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Fintel reports that on October 19, 2023, Telsey Advisory Group reiterated coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 22.76% Upside As of October 5, 2023, the average one-year price target for Deckers Outdoor is 628.50. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%.
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Fintel reports that on October 19, 2023, Telsey Advisory Group reiterated coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 22.76% Upside As of October 5, 2023, the average one-year price target for Deckers Outdoor is 628.50. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%.
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Analyst Price Forecast Suggests 22.76% Upside As of October 5, 2023, the average one-year price target for Deckers Outdoor is 628.50. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%. Fintel reports that on October 19, 2023, Telsey Advisory Group reiterated coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation.
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a9263f70-dd60-45cd-b799-33a0d0816e58
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723726.0
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2023-10-18 00:00:00 UTC
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SPMD ETF: Don’t Forget About Mid-Cap Stocks
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DECK
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https://www.nasdaq.com/articles/spmd-etf%3A-dont-forget-about-mid-cap-stocks
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nan
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nan
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While almost all investors know and have exposure to large-cap stocks in their portfolios, mid-cap stocks don’t always get as much attention. This is unfortunate as there are plenty of great mid-cap companies out there, and the SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) is an effective, low-cost way to invest in over 400 of them.
I’m bullish on mid-cap stocks and SPMD as the way to invest in them, given that they have underperformed their larger peers this year and because they trade at a cheaper valuation (collectively) than their larger counterparts.
What is the SPMD ETF’s Strategy?
SPMD is an ETF from State Street that “seeks to offer precise, comprehensive exposure to mid cap US equities.” While the well-known S&P 500 (SPX) is an index of 500 of the largest publicly-traded companies in the U.S., and the S&P 600 makes up the smallest 600 companies in the S&P 1500 Index, the S&P MidCap 400 (the index SPMD follows), is made up of the 400 companies in the middle of these two ends of the spectrum. These stocks typically have market caps between $5.2 billion and $14.5 billion.
The Case for Mid-Cap Stocks
There has been no shortage of hand-wringing that the market may be getting frothy after large year-to-date gains for major indices like the S&P 500 and the Nasdaq (NDX), which are up 14.4% and 30.3% in 2023, respectively. A large portion of these gains have been driven by the "Magnificent Seven" -- mega-cap tech stocks like Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), and Tesla (NASDAQ:TSLA), which are up 222.0%, 159.7%, and 135.8%, year-to-date, respectively.
In a recent interview with CNBC, Neil Hennessy, the chief market strategist for Hennessy Funds, spoke about this dynamic, pointing out, “If you look behind the curtain, eight companies have been driving that success…eight out of 3,000 stocks have been controlling the Nasdaq, which is 3,000 companies.”
Whether these rallies are overdone or not can be debated, but no such froth exists in the mid-cap portion of the market. SPMD has posted a total return of just 5.2% year-to-date, meaning that it hasn’t really enjoyed the same types of gains as its large-cap-focused counterparts. If things revert to the mean and money rotates out of some of the year-to-date winners, the mid-cap stocks SPMD invests in could be well-positioned to benefit.
Beyond this setup, mid-cap stocks have plenty of appeal, as they enjoy the best of both worlds as the place between large-cap and small-cap stocks. Neil Hennessy explained that mid-cap stocks are small enough that they can be acquired at a premium by large-cap companies, but they are also large enough that they themselves can engage in accretive M&A by acquiring smaller companies.
Additionally, mid-cap stocks look attractive compared to their large-cap peers on a valuation basis. As of October 17th, SPMD had an average price-to-earnings ratio of 14.4. For comparison, the S&P 500's P/E ratio is considerably higher at 19.8.
SPMD’s Holdings
SPMD offers investors tremendous diversification across mid-cap stocks. It owns 402 stocks, and its top 10 holdings make up just 6.4% of holdings, so there are no concerns about concentration risk here.
Below, you’ll find an overview of SPMD’s top 10 holdings using TipRanks’ holdings tool.
While they often don’t get the same love as large-cap companies that are household names, there are some great companies among SPMD’s top holdings.
For example, Builders Firstsource (NYSE:BLDR) and Watsco (NYSE:WSO) both feature 'Perfect 10' Smart Scores. The Smart Score is a proprietary quantitative stock scoring system created by TipRanks. It gives stocks and ETFs a score from 1 to 10 based on eight market key factors. A score of 8 or above is equivalent to an Outperform rating.
Builders Firstsource manufactures and distributes building materials for the housing market and has returned 80.8% year-to-date. Watsco distributes air conditioning, heating, and refrigeration equipment and has gained 51.6% in 2023. Other intriguing holdings include Super Micro Computer (NASDAQ:SMCI), Hubbell (NYSE:HUBB), and Deckers Outdoor (NYSE:DECK).
Super Micro Computer is a high-flying tech stock that develops and makes high-performance server and storage solutions. It has gained 247.8% in 2023 so far and has an Outperform Smart Score rating.
Hubbell also features an Outperform-equivalent Smart Score of 9 out of 10 and sells electrical products and wiring. Shares of Hubbell are up 27.8% YTD.
Meanwhile, Deckers Outdoor is the parent company of popular footwear brands like UGG, Hoka, and more. Deckers Outdoor has returned an impressive 33% this year.
Dirt-Cheap Expense Ratio
Another great thing about SPMD is its dirt-cheap expense ratio of just 0.03%. There aren’t many funds out there that feature expense ratios this low -- an investor allocating $10,000 to SPMD today would pay just $3 in fees in year one. Over the course of a 10-year investment, this investor would pay just $39 in fees, making SPMD a cost-effective building block for investors to include in their portfolios.
Is SPMD Stock a Buy, According to Analysts?
Turning to Wall Street, SPMD earns a Moderate Buy consensus rating based on 298 Buys, 91 Holds, and 14 Sell ratings assigned in the past three months. The average SPMD stock price target of $52.51 implies 22% upside potential.
The Takeaway: Don't Overlook Mid Caps
While it's sometimes easy to overlook, don’t forget about the middle of the market. The mid-cap stocks that make up SPMD’s investment universe are big enough to weather an economic storm and to make accretive acquisitions, but they’re also small enough that they can be acquisition targets for the bigger fish in the market.
These mid-cap stocks are yet to truly join in on the 2023 market rally, and they collectively trade at a cheaper valuation than large-cap stocks, giving them plenty of room for potential upside ahead. SPMD is a diversified and cost-effective way to invest in this theme and an interesting option for investors to consider adding to their portfolios.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other intriguing holdings include Super Micro Computer (NASDAQ:SMCI), Hubbell (NYSE:HUBB), and Deckers Outdoor (NYSE:DECK). Meanwhile, Deckers Outdoor is the parent company of popular footwear brands like UGG, Hoka, and more. Deckers Outdoor has returned an impressive 33% this year.
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Other intriguing holdings include Super Micro Computer (NASDAQ:SMCI), Hubbell (NYSE:HUBB), and Deckers Outdoor (NYSE:DECK). Meanwhile, Deckers Outdoor is the parent company of popular footwear brands like UGG, Hoka, and more. Deckers Outdoor has returned an impressive 33% this year.
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Other intriguing holdings include Super Micro Computer (NASDAQ:SMCI), Hubbell (NYSE:HUBB), and Deckers Outdoor (NYSE:DECK). Meanwhile, Deckers Outdoor is the parent company of popular footwear brands like UGG, Hoka, and more. Deckers Outdoor has returned an impressive 33% this year.
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Other intriguing holdings include Super Micro Computer (NASDAQ:SMCI), Hubbell (NYSE:HUBB), and Deckers Outdoor (NYSE:DECK). Meanwhile, Deckers Outdoor is the parent company of popular footwear brands like UGG, Hoka, and more. Deckers Outdoor has returned an impressive 33% this year.
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19f525a2-9adf-4b0f-9f89-83fda0f2c970
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723727.0
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2023-10-18 00:00:00 UTC
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Deckers (DECK) Stock Moves -1.34%: What You Should Know
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DECK
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https://www.nasdaq.com/articles/deckers-deck-stock-moves-1.34%3A-what-you-should-know
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nan
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nan
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The most recent trading session ended with Deckers (DECK) standing at $511.96, reflecting a -1.34% shift from the previouse trading day's closing. This move traded in line with S&P 500. Elsewhere, the Dow lost 0.98%, while the tech-heavy Nasdaq lost 1.62%.
The maker of Ugg footwear's stock has dropped by 2.37% in the past month, exceeding the Retail-Wholesale sector's loss of 4.5% and lagging the S&P 500's loss of 1.57%.
Investors will be eagerly watching for the performance of Deckers in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 26, 2023. In that report, analysts expect Deckers to post earnings of $4.40 per share. This would mark year-over-year growth of 15.79%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $958.58 million, up 9.48% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $22.36 per share and a revenue of $3.98 billion, representing changes of +15.44% and +9.83%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Deckers. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.2% lower. Deckers is currently sporting a Zacks Rank of #4 (Sell).
Looking at valuation, Deckers is presently trading at a Forward P/E ratio of 23.21. Its industry sports an average Forward P/E of 13.59, so one might conclude that Deckers is trading at a premium comparatively.
Meanwhile, DECK's PEG ratio is currently 1.31. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. DECK's industry had an average PEG ratio of 1.31 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 165, placing it within the bottom 35% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The most recent trading session ended with Deckers (DECK) standing at $511.96, reflecting a -1.34% shift from the previouse trading day's closing. Investors will be eagerly watching for the performance of Deckers in its upcoming earnings disclosure. In that report, analysts expect Deckers to post earnings of $4.40 per share.
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The most recent trading session ended with Deckers (DECK) standing at $511.96, reflecting a -1.34% shift from the previouse trading day's closing. Investors will be eagerly watching for the performance of Deckers in its upcoming earnings disclosure. In that report, analysts expect Deckers to post earnings of $4.40 per share.
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The most recent trading session ended with Deckers (DECK) standing at $511.96, reflecting a -1.34% shift from the previouse trading day's closing. Investors will be eagerly watching for the performance of Deckers in its upcoming earnings disclosure. In that report, analysts expect Deckers to post earnings of $4.40 per share.
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The most recent trading session ended with Deckers (DECK) standing at $511.96, reflecting a -1.34% shift from the previouse trading day's closing. Investors will be eagerly watching for the performance of Deckers in its upcoming earnings disclosure. In that report, analysts expect Deckers to post earnings of $4.40 per share.
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5be4b512-16b9-4ae8-9247-e54bed3af15b
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723728.0
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2023-10-17 00:00:00 UTC
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Zacks.com featured highlights Stride, Deckers Outdoor, Molina Healthcare and McKesson
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DECK
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-stride-deckers-outdoor-molina-healthcare-and-mckesson
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nan
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nan
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For Immediate Release
Chicago, IL – October 17, 2023 – Stocks in this week’s article are Stride, Inc. LRN, Deckers Outdoor Corp. DECK, Molina Healthcare, Inc. MOH and McKesson Corp. MCK.
4 Stocks that Flaunt Impressive Interest Coverage Ratios
Given the current economic scenario, investors should gauge the changing market dynamics and accordingly chalk out a sturdy investment strategy. Well, you can simply arrive at a decision to buy or sell a particular stock by looking at its sales and earnings numbers. However, such a strategy does not always warrant superior returns when the market is facing myriad issues. A critical analysis of the company’s financial background is always required for a better investment decision.
Well, a company should be sound enough to meet its financial obligations. This can be judged with coverage ratios — the higher these are the more efficient an enterprise will be in meeting its financial obligations. Here, we have discussed one such ratio called the interest coverage ratio.
Interest Coverage Ratio = Earnings before Interest & Taxes (EBIT) divided by Interest Expense.
Stride, Inc., Deckers Outdoor Corp., Molina Healthcare, Inc. and McKesson Corp. are four stocks with an impressive interest coverage ratio.
Why Interest Coverage Ratio?
The interest coverage ratio is used to determine how effectively a company can pay the interest charged on its debt.
Debt, which is crucial for most companies to finance operations, comes at a cost called interest. Interest expense has a direct bearing on the profits of a company. The company’s creditworthiness depends on how effectively it meets its interest obligations. Therefore, the interest coverage ratio is one of the important criteria to factor in before making any investment decision.
The interest coverage ratio suggests the number of times interest could be paid from earnings and also gauges the margin of safety a firm carries for paying interest.
An interest coverage ratio lower than 1.0 implies that the company is unable to fulfill its interest obligations and could default on repaying debt. A company that is capable of generating earnings well above its interest expense can withstand financial hardship. Definitely, one should also track the company’s past performance to determine whether the interest coverage ratio has improved or worsened over a period of time.
Here are four of the 15 stocks that qualified the screening:
Stride, a technology-based education company, carries a Zacks Rank #2 and has a VGM Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Stride’s current financial year sales and EPS suggests growth of 5.4% and 10.1%, respectively, from the year-ago period. LRN delivered an earnings surprise of 17.4% in the last reported quarter. The stock has fallen 0.5% in the past year.
Deckers, a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, carries a Zacks Rank #2. The stock has a VGM Score of B.
The Zacks Consensus Estimate for Deckers’ current financial year sales and EPS suggests growth of 9.8% and 15.6%, respectively, from the year-ago period. DECK has a trailing four-quarter earnings surprise of 13.6%, on average. The stock has rallied 39.4% in the past year.
Molina Healthcare, which provides managed healthcare services under the Medicaid and Medicare programs and through the state insurance marketplaces, carries a Zacks Rank #2. The stock has a VGM Score of A.
The Zacks Consensus Estimate for Molina Healthcare’s current financial year sales and EPS suggests growth of 3.4% and 16%, respectively, from the year-ago period. Molina Healthcare has a trailing four-quarter earnings surprise of 7.2%, on average. The stock has declined 1% in the past year.
McKesson, which provides healthcare services in the United States and internationally, carries a Zacks Rank #2 and has a VGM Score of A.
The Zacks Consensus Estimate for McKesson’s current financial year sales and EPS suggests growth of 9.9% and 4.4%, respectively, from the year-ago period. McKesson has a trailing four-quarter earnings surprise of 8.1%, on average. The stock has advanced 30.5% in the past year.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and backtest them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2166325/4-stocks-that-flaunt-an-impressive-interest-coverage-ratio
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
McKesson Corporation (MCK) : Free Stock Analysis Report
Molina Healthcare, Inc (MOH) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Stride, Inc. (LRN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – October 17, 2023 – Stocks in this week’s article are Stride, Inc. LRN, Deckers Outdoor Corp. DECK, Molina Healthcare, Inc. MOH and McKesson Corp. MCK. Stride, Inc., Deckers Outdoor Corp., Molina Healthcare, Inc. and McKesson Corp. are four stocks with an impressive interest coverage ratio. Deckers, a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, carries a Zacks Rank #2.
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The Zacks Consensus Estimate for Deckers’ current financial year sales and EPS suggests growth of 9.8% and 15.6%, respectively, from the year-ago period. Click to get this free report McKesson Corporation (MCK) : Free Stock Analysis Report Molina Healthcare, Inc (MOH) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Stride, Inc. (LRN) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – October 17, 2023 – Stocks in this week’s article are Stride, Inc. LRN, Deckers Outdoor Corp. DECK, Molina Healthcare, Inc. MOH and McKesson Corp. MCK.
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Click to get this free report McKesson Corporation (MCK) : Free Stock Analysis Report Molina Healthcare, Inc (MOH) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Stride, Inc. (LRN) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – October 17, 2023 – Stocks in this week’s article are Stride, Inc. LRN, Deckers Outdoor Corp. DECK, Molina Healthcare, Inc. MOH and McKesson Corp. MCK. Stride, Inc., Deckers Outdoor Corp., Molina Healthcare, Inc. and McKesson Corp. are four stocks with an impressive interest coverage ratio.
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Stride, Inc., Deckers Outdoor Corp., Molina Healthcare, Inc. and McKesson Corp. are four stocks with an impressive interest coverage ratio. For Immediate Release Chicago, IL – October 17, 2023 – Stocks in this week’s article are Stride, Inc. LRN, Deckers Outdoor Corp. DECK, Molina Healthcare, Inc. MOH and McKesson Corp. MCK. Deckers, a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, carries a Zacks Rank #2.
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8d0112e5-f87c-45ce-9f97-c6000f779f72
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723729.0
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2023-10-16 00:00:00 UTC
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4 Stocks That Flaunt an Impressive Interest Coverage Ratio
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DECK
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https://www.nasdaq.com/articles/4-stocks-that-flaunt-an-impressive-interest-coverage-ratio-0
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nan
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nan
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Given the current economic scenario, investors should gauge the changing market dynamics and accordingly chalk out a sturdy investment strategy. Well, you can simply arrive at a decision to buy or sell a particular stock by looking at its sales and earnings numbers. However, such a strategy does not always warrant superior returns when the market is facing myriad issues. A critical analysis of the company’s financial background is always required for a better investment decision.
Well, a company should be sound enough to meet its financial obligations. This can be judged with coverage ratios — the higher these are the more efficient an enterprise will be in meeting its financial obligations. Here, we have discussed one such ratio called the interest coverage ratio.
Interest Coverage Ratio = Earnings before Interest & Taxes (EBIT) divided by Interest Expense.
Stride, Inc. LRN, Deckers Outdoor Corporation DECK, Molina Healthcare, Inc. MOH and McKesson Corporation MCK are four stocks with an impressive interest coverage ratio.
Why Interest Coverage Ratio?
The interest coverage ratio is used to determine how effectively a company can pay the interest charged on its debt.
Debt, which is crucial for most companies to finance operations, comes at a cost called interest. Interest expense has a direct bearing on the profits of a company. The company’s creditworthiness depends on how effectively it meets its interest obligations. Therefore, the interest coverage ratio is one of the important criteria to factor in before making any investment decision.
The interest coverage ratio suggests the number of times interest could be paid from earnings and also gauges the margin of safety a firm carries for paying interest.
An interest coverage ratio lower than 1.0 implies that the company is unable to fulfill its interest obligations and could default on repaying debt. A company that is capable of generating earnings well above its interest expense can withstand financial hardship. Definitely, one should also track the company’s past performance to determine whether the interest coverage ratio has improved or worsened over a period of time.
What’s the Strategy?
Apart from having an interest coverage ratio that is more than the industry average, adding a favorable Zacks Rank and a VGM Score of A or B to your search criteria should lead to better results.
Interest coverage ratio greater than X-Industry Median
Price greater than or equal to 5: The stocks must all be trading at a minimum of $5 or higher.
5-Year Historical EPS Growth (%) greater than X-Industry Median: Stocks that have a strong EPS growth history.
Projected EPS Growth (%) greater than X-Industry Median: This is the projected EPS growth over the next three to five years. This shows that the stock has near-term earnings growth potential.
Average 20-Day Volume greater than 100,000: A substantial trading volume ensures that the stock is easily tradable.
Zacks Rank less than or equal to 2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform irrespective of the market environment.
VGM Score of less than or equal to B: Our research shows that stocks with a VGM Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.
Here are four of the 15 stocks that qualified the screening:
Stride, a technology-based education company, carries a Zacks Rank #2 and has a VGM Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Stride’s current financial year sales and EPS suggests growth of 5.4% and 10.1%, respectively, from the year-ago period. LRN delivered an earnings surprise of 17.4% in the last reported quarter. The stock has fallen 0.5% in the past year.
Deckers, a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, carries a Zacks Rank #2. The stock has a VGM Score of B.
The Zacks Consensus Estimate for Deckers’ current financial year sales and EPS suggests growth of 9.8% and 15.6%, respectively, from the year-ago period. DECK has a trailing four-quarter earnings surprise of 13.6%, on average. The stock has rallied 39.4% in the past year.
Molina Healthcare, which provides managed healthcare services under the Medicaid and Medicare programs and through the state insurance marketplaces, carries a Zacks Rank #2. The stock has a VGM Score of A.
The Zacks Consensus Estimate for Molina Healthcare’s current financial year sales and EPS suggests growth of 3.4% and 16%, respectively, from the year-ago period. Molina Healthcare has a trailing four-quarter earnings surprise of 7.2%, on average. The stock has declined 1% in the past year.
McKesson, which provides healthcare services in the United States and internationally, carries a Zacks Rank #2 and has a VGM Score of A.
The Zacks Consensus Estimate for McKesson’s current financial year sales and EPS suggests growth of 9.9% and 4.4%, respectively, from the year-ago period. McKesson has a trailing four-quarter earnings surprise of 8.1%, on average. The stock has advanced 30.5% in the past year.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and backtest them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
McKesson Corporation (MCK) : Free Stock Analysis Report
Molina Healthcare, Inc (MOH) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Stride, Inc. (LRN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers, a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, carries a Zacks Rank #2. Stride, Inc. LRN, Deckers Outdoor Corporation DECK, Molina Healthcare, Inc. MOH and McKesson Corporation MCK are four stocks with an impressive interest coverage ratio. The Zacks Consensus Estimate for Deckers’ current financial year sales and EPS suggests growth of 9.8% and 15.6%, respectively, from the year-ago period.
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Stride, Inc. LRN, Deckers Outdoor Corporation DECK, Molina Healthcare, Inc. MOH and McKesson Corporation MCK are four stocks with an impressive interest coverage ratio. Click to get this free report McKesson Corporation (MCK) : Free Stock Analysis Report Molina Healthcare, Inc (MOH) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Stride, Inc. (LRN) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers, a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, carries a Zacks Rank #2.
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Click to get this free report McKesson Corporation (MCK) : Free Stock Analysis Report Molina Healthcare, Inc (MOH) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Stride, Inc. (LRN) : Free Stock Analysis Report To read this article on Zacks.com click here. Stride, Inc. LRN, Deckers Outdoor Corporation DECK, Molina Healthcare, Inc. MOH and McKesson Corporation MCK are four stocks with an impressive interest coverage ratio. Deckers, a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, carries a Zacks Rank #2.
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Stride, Inc. LRN, Deckers Outdoor Corporation DECK, Molina Healthcare, Inc. MOH and McKesson Corporation MCK are four stocks with an impressive interest coverage ratio. Deckers, a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, carries a Zacks Rank #2. The Zacks Consensus Estimate for Deckers’ current financial year sales and EPS suggests growth of 9.8% and 15.6%, respectively, from the year-ago period.
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568f5c8e-96a3-4783-aa9e-69c9b7079add
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723730.0
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2023-10-12 00:00:00 UTC
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AEO vs. DECK: Which Stock Is the Better Value Option?
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DECK
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https://www.nasdaq.com/articles/aeo-vs.-deck%3A-which-stock-is-the-better-value-option
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nan
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nan
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Investors interested in Retail - Apparel and Shoes stocks are likely familiar with American Eagle Outfitters (AEO) and Deckers (DECK). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
American Eagle Outfitters and Deckers are sporting Zacks Ranks of #1 (Strong Buy) and #2 (Buy), respectively, right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AEO has an improving earnings outlook. However, value investors will care about much more than just this.
Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
AEO currently has a forward P/E ratio of 13.41, while DECK has a forward P/E of 22.72. We also note that AEO has a PEG ratio of 0.88. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. DECK currently has a PEG ratio of 1.28.
Another notable valuation metric for AEO is its P/B ratio of 2.05. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, DECK has a P/B of 7.38.
These are just a few of the metrics contributing to AEO's Value grade of A and DECK's Value grade of C.
AEO has seen stronger estimate revision activity and sports more attractive valuation metrics than DECK, so it seems like value investors will conclude that AEO is the superior option right now.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors interested in Retail - Apparel and Shoes stocks are likely familiar with American Eagle Outfitters (AEO) and Deckers (DECK). American Eagle Outfitters and Deckers are sporting Zacks Ranks of #1 (Strong Buy) and #2 (Buy), respectively, right now. AEO currently has a forward P/E ratio of 13.41, while DECK has a forward P/E of 22.72.
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American Eagle Outfitters and Deckers are sporting Zacks Ranks of #1 (Strong Buy) and #2 (Buy), respectively, right now. Click to get this free report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in Retail - Apparel and Shoes stocks are likely familiar with American Eagle Outfitters (AEO) and Deckers (DECK).
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These are just a few of the metrics contributing to AEO's Value grade of A and DECK's Value grade of C. AEO has seen stronger estimate revision activity and sports more attractive valuation metrics than DECK, so it seems like value investors will conclude that AEO is the superior option right now. Click to get this free report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in Retail - Apparel and Shoes stocks are likely familiar with American Eagle Outfitters (AEO) and Deckers (DECK).
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These are just a few of the metrics contributing to AEO's Value grade of A and DECK's Value grade of C. AEO has seen stronger estimate revision activity and sports more attractive valuation metrics than DECK, so it seems like value investors will conclude that AEO is the superior option right now. Investors interested in Retail - Apparel and Shoes stocks are likely familiar with American Eagle Outfitters (AEO) and Deckers (DECK). American Eagle Outfitters and Deckers are sporting Zacks Ranks of #1 (Strong Buy) and #2 (Buy), respectively, right now.
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7c812720-2163-44b7-a5f7-f85e110add91
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723731.0
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2023-10-12 00:00:00 UTC
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IJH, BLDR, DECK, CSL: ETF Outflow Alert
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DECK
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https://www.nasdaq.com/articles/ijh-bldr-deck-csl%3A-etf-outflow-alert
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $187.3 million dollar outflow -- that's a 0.3% decrease week over week (from 283,950,000 to 283,200,000). Among the largest underlying components of IJH, in trading today Builders FirstSource Inc. (Symbol: BLDR) is off about 5.7%, Deckers Outdoor Corp. (Symbol: DECK) is off about 1.8%, and Carlisle Companies Inc. (Symbol: CSL) is lower by about 1.2%. For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average:
Looking at the chart above, IJH's low point in its 52 week range is $218.25 per share, with $273.73 as the 52 week high point — that compares with a last trade of $247.27. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
Funds Holding Tesla
GLLA Insider Buying
EEMD Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of IJH, in trading today Builders FirstSource Inc. (Symbol: BLDR) is off about 5.7%, Deckers Outdoor Corp. (Symbol: DECK) is off about 1.8%, and Carlisle Companies Inc. (Symbol: CSL) is lower by about 1.2%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of IJH, in trading today Builders FirstSource Inc. (Symbol: BLDR) is off about 5.7%, Deckers Outdoor Corp. (Symbol: DECK) is off about 1.8%, and Carlisle Companies Inc. (Symbol: CSL) is lower by about 1.2%. For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $218.25 per share, with $273.73 as the 52 week high point — that compares with a last trade of $247.27. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Among the largest underlying components of IJH, in trading today Builders FirstSource Inc. (Symbol: BLDR) is off about 5.7%, Deckers Outdoor Corp. (Symbol: DECK) is off about 1.8%, and Carlisle Companies Inc. (Symbol: CSL) is lower by about 1.2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $187.3 million dollar outflow -- that's a 0.3% decrease week over week (from 283,950,000 to 283,200,000). For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $218.25 per share, with $273.73 as the 52 week high point — that compares with a last trade of $247.27.
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Among the largest underlying components of IJH, in trading today Builders FirstSource Inc. (Symbol: BLDR) is off about 5.7%, Deckers Outdoor Corp. (Symbol: DECK) is off about 1.8%, and Carlisle Companies Inc. (Symbol: CSL) is lower by about 1.2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $187.3 million dollar outflow -- that's a 0.3% decrease week over week (from 283,950,000 to 283,200,000). Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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3792bed3-0b15-444a-aae2-5ae0faadca6e
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723732.0
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2023-10-11 00:00:00 UTC
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Deckers (DECK) Increases Yet Falls Behind Market: What Investors Need to Know
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DECK
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https://www.nasdaq.com/articles/deckers-deck-increases-yet-falls-behind-market%3A-what-investors-need-to-know
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nan
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nan
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In the latest trading session, Deckers (DECK) closed at $509.07, marking a +0.1% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.43%. At the same time, the Dow added 0.19%, and the tech-heavy Nasdaq gained 0.71%.
Shares of the maker of Ugg footwear witnessed a loss of 5.95% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 4.9% and the S&P 500's loss of 2.1%.
The investment community will be closely monitoring the performance of Deckers in its forthcoming earnings report. The company is expected to report EPS of $4.41, up 16.05% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $958.58 million, indicating a 9.48% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $22.40 per share and a revenue of $3.98 billion, indicating changes of +15.64% and +9.83%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Deckers. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Deckers is currently a Zacks Rank #2 (Buy).
In terms of valuation, Deckers is currently trading at a Forward P/E ratio of 22.7. For comparison, its industry has an average Forward P/E of 13.35, which means Deckers is trading at a premium to the group.
Meanwhile, DECK's PEG ratio is currently 1.28. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. DECK's industry had an average PEG ratio of 1.28 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 162, which puts it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the latest trading session, Deckers (DECK) closed at $509.07, marking a +0.1% move from the previous day. The investment community will be closely monitoring the performance of Deckers in its forthcoming earnings report. Investors should also note any recent changes to analyst estimates for Deckers.
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In the latest trading session, Deckers (DECK) closed at $509.07, marking a +0.1% move from the previous day. The investment community will be closely monitoring the performance of Deckers in its forthcoming earnings report. Investors should also note any recent changes to analyst estimates for Deckers.
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In the latest trading session, Deckers (DECK) closed at $509.07, marking a +0.1% move from the previous day. The investment community will be closely monitoring the performance of Deckers in its forthcoming earnings report. Investors should also note any recent changes to analyst estimates for Deckers.
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In the latest trading session, Deckers (DECK) closed at $509.07, marking a +0.1% move from the previous day. The investment community will be closely monitoring the performance of Deckers in its forthcoming earnings report. Investors should also note any recent changes to analyst estimates for Deckers.
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bfb336ee-90fd-46e1-8798-3321f437ac7e
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723733.0
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2023-10-10 00:00:00 UTC
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Is Carvana (CVNA) Outperforming Other Retail-Wholesale Stocks This Year?
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DECK
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https://www.nasdaq.com/articles/is-carvana-cvna-outperforming-other-retail-wholesale-stocks-this-year
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nan
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nan
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For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Carvana (CVNA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Carvana is one of 221 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Carvana is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CVNA's full-year earnings has moved 31.2% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, CVNA has returned 720% so far this year. In comparison, Retail-Wholesale companies have returned an average of 11.3%. This means that Carvana is performing better than its sector in terms of year-to-date returns.
Another stock in the Retail-Wholesale sector, Deckers (DECK), has outperformed the sector so far this year. The stock's year-to-date return is 25.2%.
Over the past three months, Deckers' consensus EPS estimate for the current year has increased 3%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Carvana belongs to the Internet - Commerce industry, a group that includes 42 individual companies and currently sits at #66 in the Zacks Industry Rank. Stocks in this group have gained about 33.2% so far this year, so CVNA is performing better this group in terms of year-to-date returns.
In contrast, Deckers falls under the Retail - Apparel and Shoes industry. Currently, this industry has 43 stocks and is ranked #165. Since the beginning of the year, the industry has moved -0.6%.
Investors interested in the Retail-Wholesale sector may want to keep a close eye on Carvana and Deckers as they attempt to continue their solid performance.
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Carvana Co. (CVNA) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors interested in the Retail-Wholesale sector may want to keep a close eye on Carvana and Deckers as they attempt to continue their solid performance. Another stock in the Retail-Wholesale sector, Deckers (DECK), has outperformed the sector so far this year. Over the past three months, Deckers' consensus EPS estimate for the current year has increased 3%.
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Click to get this free report Carvana Co. (CVNA) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Another stock in the Retail-Wholesale sector, Deckers (DECK), has outperformed the sector so far this year. Over the past three months, Deckers' consensus EPS estimate for the current year has increased 3%.
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Click to get this free report Carvana Co. (CVNA) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Another stock in the Retail-Wholesale sector, Deckers (DECK), has outperformed the sector so far this year. Over the past three months, Deckers' consensus EPS estimate for the current year has increased 3%.
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Another stock in the Retail-Wholesale sector, Deckers (DECK), has outperformed the sector so far this year. Over the past three months, Deckers' consensus EPS estimate for the current year has increased 3%. In contrast, Deckers falls under the Retail - Apparel and Shoes industry.
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0d748588-a2b7-4f13-a891-e61aa249eed5
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723734.0
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2023-10-06 00:00:00 UTC
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Implied LRGF Analyst Target Price: $51
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DECK
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https://www.nasdaq.com/articles/implied-lrgf-analyst-target-price%3A-%2451-0
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares U.S. Equity Factor ETF (Symbol: LRGF), we found that the implied analyst target price for the ETF based upon its underlying holdings is $51.43 per unit.
With LRGF trading at a recent price near $42.86 per unit, that means that analysts see 20.00% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of LRGF's underlying holdings with notable upside to their analyst target prices are Louisiana-Pacific Corp (Symbol: LPX), Amdocs Ltd. (Symbol: DOX), and Deckers Outdoor Corp. (Symbol: DECK). Although LPX has traded at a recent price of $53.78/share, the average analyst target is 35.97% higher at $73.12/share. Similarly, DOX has 26.60% upside from the recent share price of $83.73 if the average analyst target price of $106.00/share is reached, and analysts on average are expecting DECK to reach a target price of $606.71/share, which is 22.19% above the recent price of $496.55. Below is a twelve month price history chart comparing the stock performance of LPX, DOX, and DECK:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
iShares U.S. Equity Factor ETF LRGF $42.86 $51.43 20.00%
Louisiana-Pacific Corp LPX $53.78 $73.12 35.97%
Amdocs Ltd. DOX $83.73 $106.00 26.60%
Deckers Outdoor Corp. DECK $496.55 $606.71 22.19%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
Also see:
Cheap Stocks To Watch
ICCC shares outstanding history
Funds Holding AVB
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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iShares U.S. Equity Factor ETF LRGF $42.86 $51.43 20.00% Louisiana-Pacific Corp LPX $53.78 $73.12 35.97% Amdocs Ltd. DOX $83.73 $106.00 26.60% Deckers Outdoor Corp. DECK $496.55 $606.71 22.19% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of LRGF's underlying holdings with notable upside to their analyst target prices are Louisiana-Pacific Corp (Symbol: LPX), Amdocs Ltd. (Symbol: DOX), and Deckers Outdoor Corp. (Symbol: DECK). Similarly, DOX has 26.60% upside from the recent share price of $83.73 if the average analyst target price of $106.00/share is reached, and analysts on average are expecting DECK to reach a target price of $606.71/share, which is 22.19% above the recent price of $496.55.
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Three of LRGF's underlying holdings with notable upside to their analyst target prices are Louisiana-Pacific Corp (Symbol: LPX), Amdocs Ltd. (Symbol: DOX), and Deckers Outdoor Corp. (Symbol: DECK). Similarly, DOX has 26.60% upside from the recent share price of $83.73 if the average analyst target price of $106.00/share is reached, and analysts on average are expecting DECK to reach a target price of $606.71/share, which is 22.19% above the recent price of $496.55. iShares U.S. Equity Factor ETF LRGF $42.86 $51.43 20.00% Louisiana-Pacific Corp LPX $53.78 $73.12 35.97% Amdocs Ltd. DOX $83.73 $106.00 26.60% Deckers Outdoor Corp. DECK $496.55 $606.71 22.19% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Similarly, DOX has 26.60% upside from the recent share price of $83.73 if the average analyst target price of $106.00/share is reached, and analysts on average are expecting DECK to reach a target price of $606.71/share, which is 22.19% above the recent price of $496.55. Three of LRGF's underlying holdings with notable upside to their analyst target prices are Louisiana-Pacific Corp (Symbol: LPX), Amdocs Ltd. (Symbol: DOX), and Deckers Outdoor Corp. (Symbol: DECK). Below is a twelve month price history chart comparing the stock performance of LPX, DOX, and DECK: Below is a summary table of the current analyst target prices discussed above:
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iShares U.S. Equity Factor ETF LRGF $42.86 $51.43 20.00% Louisiana-Pacific Corp LPX $53.78 $73.12 35.97% Amdocs Ltd. DOX $83.73 $106.00 26.60% Deckers Outdoor Corp. DECK $496.55 $606.71 22.19% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of LRGF's underlying holdings with notable upside to their analyst target prices are Louisiana-Pacific Corp (Symbol: LPX), Amdocs Ltd. (Symbol: DOX), and Deckers Outdoor Corp. (Symbol: DECK). Similarly, DOX has 26.60% upside from the recent share price of $83.73 if the average analyst target price of $106.00/share is reached, and analysts on average are expecting DECK to reach a target price of $606.71/share, which is 22.19% above the recent price of $496.55.
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7ab4c38a-6191-4b32-801d-74cddc98d55a
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723735.0
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2023-10-05 00:00:00 UTC
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Levi Strauss (LEVI) Tops Q3 Earnings Estimates
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DECK
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https://www.nasdaq.com/articles/levi-strauss-levi-tops-q3-earnings-estimates
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nan
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nan
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Levi Strauss (LEVI) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.40 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 3.70%. A quarter ago, it was expected that this jeans maker would post earnings of $0.03 per share when it actually produced earnings of $0.04, delivering a surprise of 33.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Levi Strauss, which belongs to the Zacks Retail - Apparel and Shoes industry, posted revenues of $1.51 billion for the quarter ended August 2023, missing the Zacks Consensus Estimate by 2.26%. This compares to year-ago revenues of $1.52 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Levi Strauss shares have lost about 13.5% since the beginning of the year versus the S&P 500's gain of 11.1%.
What's Next for Levi Strauss?
While Levi Strauss has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Levi Strauss: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.47 on $1.7 billion in revenues for the coming quarter and $1.12 on $6.27 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Apparel and Shoes is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Deckers (DECK), has yet to report results for the quarter ended September 2023.
This maker of Ugg footwear is expected to post quarterly earnings of $4.41 per share in its upcoming report, which represents a year-over-year change of +16.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Deckers' revenues are expected to be $958.58 million, up 9.5% from the year-ago quarter.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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Levi Strauss & Co. (LEVI) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Another stock from the same industry, Deckers (DECK), has yet to report results for the quarter ended September 2023. Deckers' revenues are expected to be $958.58 million, up 9.5% from the year-ago quarter. Click to get this free report Levi Strauss & Co. (LEVI) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Levi Strauss & Co. (LEVI) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Another stock from the same industry, Deckers (DECK), has yet to report results for the quarter ended September 2023. Deckers' revenues are expected to be $958.58 million, up 9.5% from the year-ago quarter.
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Click to get this free report Levi Strauss & Co. (LEVI) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Another stock from the same industry, Deckers (DECK), has yet to report results for the quarter ended September 2023. Deckers' revenues are expected to be $958.58 million, up 9.5% from the year-ago quarter.
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Another stock from the same industry, Deckers (DECK), has yet to report results for the quarter ended September 2023. Deckers' revenues are expected to be $958.58 million, up 9.5% from the year-ago quarter. Click to get this free report Levi Strauss & Co. (LEVI) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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062511a3-e025-460d-b526-fe1cbb7392b2
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723736.0
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2023-10-05 00:00:00 UTC
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Deckers (DECK) Thrives on Its HOKA Brand and DTC Growth
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DECK
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https://www.nasdaq.com/articles/deckers-deck-thrives-on-its-hoka-brand-and-dtc-growth
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nan
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nan
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Deckers Outdoor Corporation’s DECK strategic vision demonstrates a commitment to not only growing its existing brands but also diversifying and innovating to remain competitive in the dynamic world of footwear, apparel and accessories.
The company is committed to building HOKA into a major player in the performance athletic market to reach multi-billion-dollar revenue levels. This ambition likely involves continued product innovation, expanding market share and leveraging HOKA's strong brand identity. The HOKA brand exhibited exceptional growth, with net sales increasing 27.4% to $420.5 million in the first quarter of fiscal 2024.
The HOKA brand is expected to rise more than 20% in fiscal 2024, with most of the increase likely to come from the brand's DTC business. UGG’s revenues are anticipated to rise in the low-single digits, backed by international expansion and gains from DTC.
Image Source: Zacks Investment Research
The company emphasizes profitable and underpenetrated markets through product innovation, and store expansion. Its primary focus now is perfecting the in-store consumer experience, ensuring that it aligns seamlessly with its brand ethos and meets evolving customer expectations.
The company is also focusing on enhancing its direct-to-consumer (DTC) business model. DTC net sales rose 35.3% to $250.4 million, while comparable DTC net sales jumped 33.4% in the first quarter of fiscal 2024.
Deckers is evidently adapting to evolving market trends by actively developing its e-commerce platform to capture additional sales opportunities. The company has been making significant investments to strengthen its online presence and provide an improved shopping experience for its customers.
High Costs Ail
While the Deckers brands' first-quarter results for fiscal 2024 showcase impressive growth, investors should remain attentive due to competitive pressures, economic shifts, and potential risks like high SG&A expenses and adverse currency effects. In the first quarter, SG&A expenses rose 15.6% year over year to $275.7 million due to strategic investments in marketing, supply chain, e-commerce and talent.
Wrapping Up
Deckers' commitment to disciplined brand marketplace management and a flexible operating model reinforces its confidence in achieving the increased full-year outlook. This strategic approach positions the company well to drive long-term success for its diverse portfolio of brands.
DECK envisions net sales of $3.980 billion for fiscal 2024, up from the earlier stated $3.950 billion. This suggests an increase of 10% from the $3.627 billion reported in fiscal 2023. The company expects fiscal 2024 earnings of $21.75-$22.25 per share, up from the $21.10-$21.60 per share stated earlier.
The Zacks Rank #3 (Hold) stock has rallied 50.1% in the past year compared with the industry’s growth of 8.1%. DECK has also outpaced the retail-wholesale sector’s rise of 5% in the same period.
3 Promising Stocks
A few better-ranked stocks in the same space are Urban Outfitters, Inc. URBN, Abercrombie & Fitch Co. ANF and American Eagle Outfitters Inc. AEO.
Urban Outfitters, which specializes in the retail and wholesale of general consumer products, sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Urban Outfitters’ current fiscal-year earnings and sales indicates growth of 83.4% and 6.6% from the year-ago period’s reported figures. URBN has a trailing four-quarter average earnings surprise of 19.2%.
Abercrombie & Fitch is a specialty retailer of premium, high-quality casual apparel. The company currently flaunts a Zacks Rank #1. ANF delivered a significant earnings surprise in the last reported quarter.
The Zacks Consensus Estimate for Abercrombie & Fitch’s current fiscal-year sales implies growth of 10% from the previous year’s reported number. ANF has a trailing four-quarter average earnings surprise of 724.8%.
American Eagle Outfitters is a specialty retailer of casual apparel, accessories and footwear. It sports a Zacks Rank #1 at present.
The Zacks Consensus Estimate for American Eagle Outfitters’ current fiscal-year earnings and sales indicates growth of 33% and 2.2% from the year-ago period’s reported figures. AEO has a trailing four-quarter average earnings surprise of 43.2%.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corporation’s DECK strategic vision demonstrates a commitment to not only growing its existing brands but also diversifying and innovating to remain competitive in the dynamic world of footwear, apparel and accessories. Wrapping Up Deckers' commitment to disciplined brand marketplace management and a flexible operating model reinforces its confidence in achieving the increased full-year outlook. Deckers is evidently adapting to evolving market trends by actively developing its e-commerce platform to capture additional sales opportunities.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation’s DECK strategic vision demonstrates a commitment to not only growing its existing brands but also diversifying and innovating to remain competitive in the dynamic world of footwear, apparel and accessories. Deckers is evidently adapting to evolving market trends by actively developing its e-commerce platform to capture additional sales opportunities.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation’s DECK strategic vision demonstrates a commitment to not only growing its existing brands but also diversifying and innovating to remain competitive in the dynamic world of footwear, apparel and accessories. Deckers is evidently adapting to evolving market trends by actively developing its e-commerce platform to capture additional sales opportunities.
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Deckers Outdoor Corporation’s DECK strategic vision demonstrates a commitment to not only growing its existing brands but also diversifying and innovating to remain competitive in the dynamic world of footwear, apparel and accessories. Deckers is evidently adapting to evolving market trends by actively developing its e-commerce platform to capture additional sales opportunities. High Costs Ail While the Deckers brands' first-quarter results for fiscal 2024 showcase impressive growth, investors should remain attentive due to competitive pressures, economic shifts, and potential risks like high SG&A expenses and adverse currency effects.
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2c16c6da-914d-4836-aedd-60a05d8fd694
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723737.0
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2023-10-03 00:00:00 UTC
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Deckers (DECK) Dips More Than Broader Markets: What You Should Know
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DECK
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https://www.nasdaq.com/articles/deckers-deck-dips-more-than-broader-markets%3A-what-you-should-know-1
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nan
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nan
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Deckers (DECK) closed at $508.12 in the latest trading session, marking a -1.82% move from the prior day. This change lagged the S&P 500's daily loss of 1.37%. Meanwhile, the Dow lost 1.29%, and the Nasdaq, a tech-heavy index, lost 1.87%.
Prior to today's trading, shares of the maker of Ugg footwear had lost 2.85% over the past month. This has was narrower than the Retail-Wholesale sector's loss of 5.77% and the S&P 500's loss of 4.93% in that time.
Deckers will be looking to display strength as it nears its next earnings release. In that report, analysts expect Deckers to post earnings of $4.41 per share. This would mark year-over-year growth of 16.05%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $958.58 million, up 9.48% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $22.40 per share and revenue of $3.98 billion, which would represent changes of +15.64% and +11.54%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Deckers. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Deckers is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Deckers has a Forward P/E ratio of 23.1 right now. This represents a premium compared to its industry's average Forward P/E of 13.45.
It is also worth noting that DECK currently has a PEG ratio of 1.3. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Apparel and Shoes was holding an average PEG ratio of 1.28 at yesterday's closing price.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers (DECK) closed at $508.12 in the latest trading session, marking a -1.82% move from the prior day. Deckers will be looking to display strength as it nears its next earnings release. In that report, analysts expect Deckers to post earnings of $4.41 per share.
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Deckers (DECK) closed at $508.12 in the latest trading session, marking a -1.82% move from the prior day. Deckers will be looking to display strength as it nears its next earnings release. In that report, analysts expect Deckers to post earnings of $4.41 per share.
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Deckers (DECK) closed at $508.12 in the latest trading session, marking a -1.82% move from the prior day. Deckers will be looking to display strength as it nears its next earnings release. In that report, analysts expect Deckers to post earnings of $4.41 per share.
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Deckers (DECK) closed at $508.12 in the latest trading session, marking a -1.82% move from the prior day. Deckers will be looking to display strength as it nears its next earnings release. In that report, analysts expect Deckers to post earnings of $4.41 per share.
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1bb60cdc-dce3-4593-9462-c8d5e7556132
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723738.0
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2023-10-02 00:00:00 UTC
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2 Seasonal Stocks to Warm Up Your Portfolio
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DECK
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https://www.nasdaq.com/articles/2-seasonal-stocks-to-warm-up-your-portfolio
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nan
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nan
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With winter soon approaching comes the potential for more inclement weather. Storms and blistery temperatures will drive the demand for companies that can accommodate the essential needs stemming from power outages and inclement weather. Unlike recent mild winters, the winter of 2023 to 2024 is expected to be more frigid, frosty and slushy, according to the Farmer's Almanac.
Snowfall is expected to be above normal and colder than normal temperatures. Energy reliance for power and heating will be heavy this season. Here are two stocks that directly benefit from these forecasted seasonal winter conditions this year.
Generac Holdings Inc. (NASDAQ: GNRC)
Generac is the global leader in backup power generators for power outages and emergencies. It plays a pivotal role in pacifying homeowner’s angst with energy security. Whether a power outage is weather, or grid-related, the result is still the same: no electricity. Generac also makes generators for industrial and commercial uses.
Its Industrial Power division makes generators for data centers, which can be powered by various fuels ranging from diesel, propane and natural gas. Its power systems can be equipped with automatic transfer switches, which automatically switch power to generators when power outages occur. Its generators can also supplement additional power or redundancy needs with paralleling.
Energy Independence Tailwinds
Generac has touted the growing need for backup power generators as the outdated U.S. power grid is overloaded with the growing electricity demand. The insatiable demand is partially driven by migration from fossil fuels towards sustainable energy sources. During winter storms, mission-critical buildings like hospitals, data centers, broadband providers and numerous other segments rely on reliable performance and support from their generators.
Generac also offers other power generation services and products like solar energy systems, battery energy storage systems, microgrid solutions, generator monitoring and control systems and repair services.
Calm Before the Storm
Generac reported its Q2 2023 earnings of $1.08 per share, missing estimates by 8 cents. Revenues fell 22.5% YoY to $1 billion, still beating the $979.51 million consensus analyst estimates. Generac lowered its full-year 2023 guidance, with revenues falling 10% to 12% to $4.017 to $4.108 billion versus $4.12 analyst estimates.
Net income margin is expected to fall to 6-7% from previous guidance of 7.5 to 8.5%. EBITDA margin is lowered to 15.5 to 16.5%, down from the previously forecasted range of 17 to 18%. The bar has been set low heading into the winter.
Generac analyst ratings and price targets are at MarketBeat. Generac peers and competitor stocks can be found with the MarketBeat stock screener.
Weekly Inverse Cup and Handle with a Bear Flag
The weekly candlestick charts illustrate the inverse cup and handle pattern with a bear flag. The inverse cup lip line formed in April 2020 at $90.30 as shares rose to $524.31 in Nov. 2021, forming a rounding top. Shares fell to retest the cup lip line at $90.30 in December 2022, completing the cup. The handle formed after the weekly market structure low (MSL) triggered above $102.3 as shares bounced to $156.48 by July 2023.
GNRC proceeded to make parallel higher highs and higher lows but has now fallen toward the weekly MSL trigger with a potential bear flag breakdown if it breaks $102.38. For now, the weekly relative strength index (RSI) is attempting to stay above the 40-band. The inverse cup and handle would trigger a breakdown through the $90.30 lip line. Pullback supports sit at $90.30 lip line, $75.50, $69.02 and $60.69.
Columbia Sportswear Co. (NASDAQ: COLM)
Columbia Sportswear specializes in rugged outdoor lifestyle apparel catering to campers, skiers, climbers and mountaineers. The company provides outerwear, footwear, apparel, accessories and equipment tailored to outdoor and winter activities. It's apparel is well suited for frigid, frosty, slushy and colder-than-normal weather, which is expected this year.
Omni-Heat Technology
The company will continue heavily promoting its Omni-Heat Infinity heat reflective technology designed to boost heat without degrading breathability. Omni-Heat Infinity technology features a gold-lined dot pattern that reflects body heat to the user, resulting in warmth and breathability in the coldest conditions. It's been interwoven into jackets, vests, base layers and boots. It's lightweight, breathable and keeps you warmer for longer.
Calming Before the Storm
Columbia reported Q2 2023 EPS of 14 cents, beating consensus analyst estimates for 1 cent, by 13 cents. Revenues rose 7.4% YoY to $620.9 million, beating consensus estimates of $586.45 million. The company ended the quarter with $302.8 million in cash and cash equivalents.
The company is on track to reduce inventories by $200 million by year's end. It's worth noting the extra small float. COLM has a 34.9 million share float compared to competitor Deckers Outdoor Co. (NYSE: DECK) with 25.8 million. However, DECK is trading at $514 per share with a forward P/E of 22.6 and a $13.4 billion market cap compared to COLM, trading at 16X forward earnings and a $4.5 billion market cap.
Columbia Sportswear CEO Tim Boyle commented, "We continue delivering innovation into the marketplace. This Spring, we enhanced the Columbia brand's collection of sun-protection and cooling technologies with the launch of Omni-Shade Broad Spectrum. Looking to Fall, we are building on the success of Omni-Heat Infinity, which will be prominently featured in our marketing campaigns.”
Lowered or Lowball Guidance?
Columbia provided lower guidance, falling short of consensus estimates. For Q3 2023, Columbia expects EPS of $1.60 to $1.70 versus $1.93 consensus analyst estimates. Q3 2023 revenues are expected to be between $995 million and $1.01 billion versus $996.76 million. Full-year 2023 EPS guidance was lowered to $4.40 to $4.65 from previous guidance of $5.15 to $5.40 versus $5.12 consensus analyst estimates.
Full-year 2023 revenues are expected between $3.53 billion to $3.59 billion, down from previous estimates of $3.57 to $3.67 billion versus $3.61 billion analyst estimates.
Columbia Sportswear analyst ratings and price targets are at MarketBeat.
Weekly Symmetrical Triangle
The weekly candlestick charts show a symmetrical triangle pattern forming since the pandemic low of $52.66 in March 2020. COLM spiked to a high of $111.19 in April 2021 and has since proceeded to make lower highs and higher lows.
The lower highs create the descending trendline, while the higher lows form the ascending trendline. The weekly MSL trigger is at $68.08. The weekly RSI is attempting to bounce towards the 50-band. Pullback supports are at $69.82, $64.05, $61.80 and $59.11.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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COLM has a 34.9 million share float compared to competitor Deckers Outdoor Co. (NYSE: DECK) with 25.8 million. However, DECK is trading at $514 per share with a forward P/E of 22.6 and a $13.4 billion market cap compared to COLM, trading at 16X forward earnings and a $4.5 billion market cap. Storms and blistery temperatures will drive the demand for companies that can accommodate the essential needs stemming from power outages and inclement weather.
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However, DECK is trading at $514 per share with a forward P/E of 22.6 and a $13.4 billion market cap compared to COLM, trading at 16X forward earnings and a $4.5 billion market cap. COLM has a 34.9 million share float compared to competitor Deckers Outdoor Co. (NYSE: DECK) with 25.8 million. Weekly Inverse Cup and Handle with a Bear Flag The weekly candlestick charts illustrate the inverse cup and handle pattern with a bear flag.
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COLM has a 34.9 million share float compared to competitor Deckers Outdoor Co. (NYSE: DECK) with 25.8 million. However, DECK is trading at $514 per share with a forward P/E of 22.6 and a $13.4 billion market cap compared to COLM, trading at 16X forward earnings and a $4.5 billion market cap. Generac also offers other power generation services and products like solar energy systems, battery energy storage systems, microgrid solutions, generator monitoring and control systems and repair services.
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COLM has a 34.9 million share float compared to competitor Deckers Outdoor Co. (NYSE: DECK) with 25.8 million. However, DECK is trading at $514 per share with a forward P/E of 22.6 and a $13.4 billion market cap compared to COLM, trading at 16X forward earnings and a $4.5 billion market cap. Generac Holdings Inc. (NASDAQ: GNRC) Generac is the global leader in backup power generators for power outages and emergencies.
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613606ed-c3f9-4482-bb9b-f895f100d9ee
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723739.0
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2023-09-29 00:00:00 UTC
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Consumer Discretionary Stocks: 3 Unusually Active Options to Buy or Sell to Ride Peloton’s Good News
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DECK
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https://www.nasdaq.com/articles/consumer-discretionary-stocks%3A-3-unusually-active-options-to-buy-or-sell-to-ride-pelotons
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nan
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nan
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Peloton (PTON) announced a partnership with Lululemon (LULU) on Thursday that could see the embattled fitness company regain some of its momentum in the weeks and months ahead.
There are two agreements between the two consumer discretionary companies. The first involves Lululemon distributing Peloton’s content to its Studio membership. The second sees Lululemon become Peloton’s athletic apparel partner.
It’s a win/win situation. LULU gets better content for its Studio members and another revenue stream for its apparel, while PTON gets to partner with one of the biggest success stories in apparel over the past decade.
Naturally, with Peloton’s share price in penny-stock territory, the news increased its share price. LULU stock barely moved. Investors feel it’s a much bigger deal for the former than the latter if you read between the lines.
On Fridays, I discuss unusual options activity in the market. Yesterday’s news got me thinking about consumer discretionary stocks.
Here are three I like and the options to buy or sell to make it happen.
Have a great weekend.
Camping World Holdings
The recreational vehicle (RV) dealer had one unusually active option on Thursday. Camping World Holdings (CWH) March 15/2024 call had a Vol/OI ratio of 370x yesterday, a $21 strike, and an ask price of $2.70.
That’s nearly a 13% down payment on 100 of the company’s shares. That’s pretty high. However, there are several factors in your favor.
First, there are 168 days to expiration or basically half a year. Secondly, the delta is 0.53316, which means its share price only has to rise by $1.27 for you to make 25% on your call by selling it early.
The downside to buying CWH stock is that we don’t know how long interest rates will remain high, which is a big downer for anyone looking to finance these expensive hotels-on-wheels.
In the company’s latest quarter, its sales were $1.9 billion, 12.4% lower than a year earlier, while its operating income was $132.7 million, 47.8% less than Q2 2022.
Although it’s never fun to see revenues and profits cratering, the CEO and the company’s largest shareholder, Marcus Lemonis, is using this time to grow its footprint. For the first six months of 2023, it acquired or signed letters of intent on 30 dealerships. And it plans to continue buying in this weaker-than-normal operating environment.
Since 2017, CWH has traded above $45 on three occasions -- December 2017, May 2021, and November 2021 -- it can return to those lofty prices.
However, there is no question this is a play for someone okay with a bit of risk.
Deckers Outdoor
A footwear company rarely has one brand with a billion dollars in sales. It's even rarer to have two of them. However, that’s precisely what you get when owning Deckers Outdoor (DECK).
Most investors have probably heard of the company’s Ugg boots. They’ve been a staple with younger kids for years. Hoka, the company’s sneaker brand, joins Ugg in the billion-dollar club. It went over the $1 billion mark in sales on a trailing 12-month basis in Q3 2023, which it reported in February.
In May, Deckers reported Q4 2023 and full-year results. Excluding currency, it increased sales by 18.4% in fiscal 2023 (March year-end) to $3.63 billion. Ugg’s sales were $1.93 billion (down 2.7%), while Hoka’s were $1.41 billion (58.5% higher).
Its direct-to-consumer channel, which includes its own stores and e-commerce websites, saw sales increase 20.8% over 2022 to $1.47 billion, or 40.5% overall. That’s 2oo basis points higher than a year ago.
Further down the income statement, its operating income was $652.8 million (18% operating margin), nearly 16% higher than a year ago. As a result, it finished the year with almost $1 billion in cash and cash equivalents and no debt.
I’m sure there will come a time when it stumbles. All great companies have those moments. However, the good ones don’t let it slow them down. I continue to expect it to surprise and delight shareholders.
As for the unusual options activity Thursday, I’m looking at the March 15/2024 $430 put. It had a bid price of $12.80. That’s an annualized yield of 5.4%. I’ll admit that’s not much in a higher interest rate environment. However, should its share price fall to $417.20 (strike minus bid premium), you will be glad they’re put to you.
Walmart
I won’t spend much time explaining why you should own Walmart (WMT) stock. You probably shouldn’t be investing if it isn’t clear why someone would want to own stock in the world’s largest retailer. I’m sure the Waltons, the world’s wealthiest family at $225 billion, could give you a reason or two.
Of the 30 analysts in Barchart.com’s data, 25 have a Moderate Buy or Strong Buy rating (4.53 out of 5) with a mean target price of $178.69, 11% higher than where it’s currently trading.
The Walmart option I’m looking at is the Jan. 16/2026 $240 call with a $3.20 ask price. On Thursday, the call’s volume was 105, 9.55x its open interest. I'll admit that the low volume is a bit of a turnoff, but what do you expect from an option with 840 days to expiration? That’s not where the action’s at.
However, you make a 1.3% down payment on 100 WMT shares. While $320 isn’t anything, it’s much less of an outlay than the $16,273 you’d have to pay to buy it today. This gives you time to see where WMT stock is headed.
Plus, with a delta of 0.22717, its shares only have to increase by $14.09 for you to double your money on the option. Based on its Thursday closing price of $162.73, that’s less than 9% over 27 months.
It’s a conservative play but a smart one nonetheless.
More Options News from Barchart
When Titans Falter: CarMax's Options Gamble and the Unforgiving Nature of Wall Street
Stick With Chevron Stock - It Could Have Further to Rise
Mild, Medium & Hot: 3 Unusually Active Option Plays for Thursday
Beyond Belief: The Unexpected Resurgence of BYND Stock in the Market’s Underbelly
On the date of publication, Will Ashworth did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor A footwear company rarely has one brand with a billion dollars in sales. However, that’s precisely what you get when owning Deckers Outdoor (DECK). In May, Deckers reported Q4 2023 and full-year results.
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Deckers Outdoor A footwear company rarely has one brand with a billion dollars in sales. However, that’s precisely what you get when owning Deckers Outdoor (DECK). In May, Deckers reported Q4 2023 and full-year results.
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Deckers Outdoor A footwear company rarely has one brand with a billion dollars in sales. However, that’s precisely what you get when owning Deckers Outdoor (DECK). In May, Deckers reported Q4 2023 and full-year results.
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Deckers Outdoor A footwear company rarely has one brand with a billion dollars in sales. However, that’s precisely what you get when owning Deckers Outdoor (DECK). In May, Deckers reported Q4 2023 and full-year results.
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ba691d52-27b6-4e60-9df3-3f92b6319e43
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723740.0
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2023-09-22 00:00:00 UTC
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Deckers (DECK) Gains As Market Dips: What You Should Know
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DECK
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https://www.nasdaq.com/articles/deckers-deck-gains-as-market-dips%3A-what-you-should-know-0
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nan
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nan
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In the latest trading session, Deckers (DECK) closed at $510.57, marking a +1.07% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.23%. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq lost 0.09%.
Prior to today's trading, shares of the maker of Ugg footwear had lost 3.18% over the past month. This has lagged the Retail-Wholesale sector's loss of 2.81% and the S&P 500's loss of 1.43% in that time.
Deckers will be looking to display strength as it nears its next earnings release. On that day, Deckers is projected to report earnings of $4.41 per share, which would represent year-over-year growth of 16.05%. Meanwhile, our latest consensus estimate is calling for revenue of $958.58 million, up 9.48% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $22.40 per share and revenue of $3.98 billion, which would represent changes of +15.64% and +11.54%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Deckers. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Deckers is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Deckers is currently trading at a Forward P/E ratio of 22.55. For comparison, its industry has an average Forward P/E of 13.16, which means Deckers is trading at a premium to the group.
Meanwhile, DECK's PEG ratio is currently 1.27. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.22 based on yesterday's closing prices.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 101, putting it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DECK in the coming trading sessions, be sure to utilize Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the latest trading session, Deckers (DECK) closed at $510.57, marking a +1.07% move from the previous day. Deckers will be looking to display strength as it nears its next earnings release. On that day, Deckers is projected to report earnings of $4.41 per share, which would represent year-over-year growth of 16.05%.
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In the latest trading session, Deckers (DECK) closed at $510.57, marking a +1.07% move from the previous day. Deckers will be looking to display strength as it nears its next earnings release. On that day, Deckers is projected to report earnings of $4.41 per share, which would represent year-over-year growth of 16.05%.
|
In the latest trading session, Deckers (DECK) closed at $510.57, marking a +1.07% move from the previous day. Deckers will be looking to display strength as it nears its next earnings release. On that day, Deckers is projected to report earnings of $4.41 per share, which would represent year-over-year growth of 16.05%.
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On that day, Deckers is projected to report earnings of $4.41 per share, which would represent year-over-year growth of 16.05%. In the latest trading session, Deckers (DECK) closed at $510.57, marking a +1.07% move from the previous day. Deckers will be looking to display strength as it nears its next earnings release.
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65de8c85-1c1a-4d26-91e0-d4d8afd6f317
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723741.0
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2023-09-21 00:00:00 UTC
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Here's Why Deckers (DECK) Stock is Rallying Ahead of Industry
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DECK
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https://www.nasdaq.com/articles/heres-why-deckers-deck-stock-is-rallying-ahead-of-industry
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nan
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nan
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Deckers Outdoor Corporation DECK stock has been doing well on the bourses, thanks to its efforts related to product innovations, store expansion and enhancement of e-commerce capabilities. DECK’s focus on expanding its brand assortments, bringing a more innovative line of products and optimizing omnichannel distribution bode well.
Buoyed by the aforesaid tailwinds, this major footwear and accessories designer’s shares have appreciated 62.7%, comfortably outperforming the industry’s 10.7% growth in the past year.
Let’s Delve Deep
Resonating well with the changing trends, Deckers is constantly developing its e-commerce portal to capture the incremental sales. The company has made substantial investments to strengthen its online presence and improve the shopping experience for customers. The company is focused on opening smaller-concept omnichannel outlets and expanding programs such as Retail Inventory Online, Infinite UGG, Buy Online, Return in Store and Click and Collect to enhance customers’ shopping experience.
Image Source: Zacks Investment Research
Additionally, Deckers is focused on product and marketing strategies, which are more skewed toward customers. The company is targeting profitable and underpenetrated markets to boost overall sales. Greater acceptance of the UGG brand's diverse product line along with the progress in Europe and Asia Pacific bode well. The HOKA ONE ONE brand is also performing impressively, and continues to build its customer base through a combination of robust product innovation and a disciplined marketing approach.
The company is progressing toward building HOKA ONE ONE into a major multibillion-dollar player, elevating UGG as a global lifestyle brand with diverse product offerings and enhancing direct-to-consumer (DTC) business. The company continues exploring opportunities to strategically expand the HOKA ONE ONE brand’s retail store fleet.
During the first quarter of fiscal 2024, DTC net sales rose 35.3% to $250.4 million while comparable DTC net sales jumped 33.4%. HOKA continues to be a key driver of consolidated growth.
Wrapping Up
We believe that the company’s focus on ramping up inventory, optimizing channel mix to fulfill consumer demand, scaling production to support brands and implementing price increases should position it well for growth. A VGM Score of A further highlights the strength of this current Zacks Rank #3 (Hold) company.
Analysts seem optimistic about the stock. The Zacks Consensus Estimate for Deckers’ fiscal 2024 sales and earnings per share (EPS) is currently pegged at $3.98 billion and $22.40, respectively. These estimates suggest growth of 11.5% and 15.6%, respectively, from the year-ago fiscal quarter’s corresponding figures. The consensus estimate for next fiscal year’s sales and EPS of $4.38 billion and $25.49, respectively, reflects a corresponding increase of 10% and 13.8% year over year.
Given all the aforesaid tailwinds, we believe Deckers will continue to perform well on the bourses.
Eye These Solid Picks
Some better-ranked companies are Royal Caribbean RCL, lululemon athletica LULU and Ralph Lauren RL.
Royal Caribbean sports a Zacks Rank #1 (Strong Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
RCL has a trailing four-quarter earnings surprise of 28.5%, on average. The Zacks Consensus Estimate for RCL’s 2023 sales and EPS indicates increases of 55.2% and 182.8%, respectively, from the year-ago period’s reported levels.
lululemon athletica is a yoga-inspired athletic apparel company. LULU carries a Zacks Rank #2 (Buy), at present.
The Zacks Consensus Estimate for lululemon athletica’s current financial-year sales and EPS suggests growth of 35.6% and 20.5%, respectively, from the year-ago corresponding figures. LULU has a trailing four-quarter earnings surprise of 6.8%, on average.
Ralph Lauren, a footwear and accessories dealer, has a Zacks Rank of 2 at present. RL has a trailing four-quarter earnings surprise of 17.3%, on average.
The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales and EPS suggests growth of 2.8% and 13.7%, respectively, from the year-ago corresponding figures.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
lululemon athletica inc. (LULU) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corporation DECK stock has been doing well on the bourses, thanks to its efforts related to product innovations, store expansion and enhancement of e-commerce capabilities. DECK’s focus on expanding its brand assortments, bringing a more innovative line of products and optimizing omnichannel distribution bode well. Let’s Delve Deep Resonating well with the changing trends, Deckers is constantly developing its e-commerce portal to capture the incremental sales.
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Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK stock has been doing well on the bourses, thanks to its efforts related to product innovations, store expansion and enhancement of e-commerce capabilities. DECK’s focus on expanding its brand assortments, bringing a more innovative line of products and optimizing omnichannel distribution bode well.
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Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK stock has been doing well on the bourses, thanks to its efforts related to product innovations, store expansion and enhancement of e-commerce capabilities. DECK’s focus on expanding its brand assortments, bringing a more innovative line of products and optimizing omnichannel distribution bode well.
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DECK’s focus on expanding its brand assortments, bringing a more innovative line of products and optimizing omnichannel distribution bode well. The Zacks Consensus Estimate for Deckers’ fiscal 2024 sales and earnings per share (EPS) is currently pegged at $3.98 billion and $22.40, respectively. Deckers Outdoor Corporation DECK stock has been doing well on the bourses, thanks to its efforts related to product innovations, store expansion and enhancement of e-commerce capabilities.
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0f357a70-ad5b-4d97-bde5-0194ffc4d118
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723742.0
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2023-09-20 00:00:00 UTC
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IJK, CSL, DECK, RPM: ETF Outflow Alert
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DECK
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https://www.nasdaq.com/articles/ijk-csl-deck-rpm%3A-etf-outflow-alert
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P Mid-Cap 400 Growth ETF (Symbol: IJK) where we have detected an approximate $66.7 million dollar outflow -- that's a 0.9% decrease week over week (from 103,500,000 to 102,600,000). Among the largest underlying components of IJK, in trading today Carlisle Companies Inc. (Symbol: CSL) is up about 0.6%, Deckers Outdoor Corp. (Symbol: DECK) is off about 0.1%, and RPM International Inc (Symbol: RPM) is higher by about 0.9%. For a complete list of holdings, visit the IJK Holdings page » The chart below shows the one year price performance of IJK, versus its 200 day moving average:
Looking at the chart above, IJK's low point in its 52 week range is $62.01 per share, with $78.28 as the 52 week high point — that compares with a last trade of $74.59. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
TSE Dividend Growth Rate
ZVSA Historical Stock Prices
Funds Holding KAP
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of IJK, in trading today Carlisle Companies Inc. (Symbol: CSL) is up about 0.6%, Deckers Outdoor Corp. (Symbol: DECK) is off about 0.1%, and RPM International Inc (Symbol: RPM) is higher by about 0.9%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of IJK, in trading today Carlisle Companies Inc. (Symbol: CSL) is up about 0.6%, Deckers Outdoor Corp. (Symbol: DECK) is off about 0.1%, and RPM International Inc (Symbol: RPM) is higher by about 0.9%. For a complete list of holdings, visit the IJK Holdings page » The chart below shows the one year price performance of IJK, versus its 200 day moving average: Looking at the chart above, IJK's low point in its 52 week range is $62.01 per share, with $78.28 as the 52 week high point — that compares with a last trade of $74.59. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Among the largest underlying components of IJK, in trading today Carlisle Companies Inc. (Symbol: CSL) is up about 0.6%, Deckers Outdoor Corp. (Symbol: DECK) is off about 0.1%, and RPM International Inc (Symbol: RPM) is higher by about 0.9%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P Mid-Cap 400 Growth ETF (Symbol: IJK) where we have detected an approximate $66.7 million dollar outflow -- that's a 0.9% decrease week over week (from 103,500,000 to 102,600,000). For a complete list of holdings, visit the IJK Holdings page » The chart below shows the one year price performance of IJK, versus its 200 day moving average: Looking at the chart above, IJK's low point in its 52 week range is $62.01 per share, with $78.28 as the 52 week high point — that compares with a last trade of $74.59.
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Among the largest underlying components of IJK, in trading today Carlisle Companies Inc. (Symbol: CSL) is up about 0.6%, Deckers Outdoor Corp. (Symbol: DECK) is off about 0.1%, and RPM International Inc (Symbol: RPM) is higher by about 0.9%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P Mid-Cap 400 Growth ETF (Symbol: IJK) where we have detected an approximate $66.7 million dollar outflow -- that's a 0.9% decrease week over week (from 103,500,000 to 102,600,000). For a complete list of holdings, visit the IJK Holdings page » The chart below shows the one year price performance of IJK, versus its 200 day moving average: Looking at the chart above, IJK's low point in its 52 week range is $62.01 per share, with $78.28 as the 52 week high point — that compares with a last trade of $74.59.
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125f4564-c1c7-49dd-bffd-db7c00073327
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723743.0
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2023-09-19 00:00:00 UTC
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On Holding Gets Back Into the Race After Gapping Down
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DECK
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https://www.nasdaq.com/articles/on-holding-gets-back-into-the-race-after-gapping-down
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nan
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nan
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Athletic footwear maker On Holding AG (NYSE: ONON) gapped down hard on August 15 after reporting earnings, but like any good shoe, found support that provided stability for investors.
A look at the On Holding chart shows the stock sprinting downhill but finding a floor at its August 23 low of $27.21. In the past three weeks, the stock trended higher along its 10-day moving average.
On Holdings is a newcomer to a long-established market dominated by big players like Nike Inc. (NYSE: NKE). In addition to shoes, the company also sells athletic apparel and accessories, although footwear accounts for about 95% of its business.
In regulatory filings, On Holding says competitors across different categories include Nike, Adidas AG (OTCMKTS: ADDYY), Reebok, Under Armour, Inc. (NYSE: UAA), Brooks Sports, Deckers Outdoor Corp. (NYSE: DECK), Asics, New Balance, Lululemon Athletica Inc. (NASDAQ: LULU) and Patagonia.
Taking Market Share from Bigger Brands
On Holding's On running shoes, which include the Cloudmonster, Cloudrunner and Cloudgo models, have snagged a growing market share from many of the big athletic shoe brands. The company specializes in eye-catching designs and emphasizes sustainability through its use of materials and high-performance specifications.
That combination of factors has caught the attention of celebrity investors, including Roger Federer and Gisele Bundchen, and big-money institutions have been piling in. MarketBeat's On Holding institutional ownership data show 193 big buyers accounting for $1.21 billion in inflows in the past 12 months versus 77 sellers accounting for $654.34 million in outflows.
So what happened to cause the downdraft in August?
To answer that, let's look at the most recent quarterly revenue and earnings. The company earned 4 cents a share on revenue of $496.2 million. That was a decrease of 70% on the bottom line and an increase of 62% on the top line.
As you can see on MarketBeat's On Holdings earnings page, net income missed views, but revenue came in well ahead of expectations.
However, analysts and investors were concerned about inventories, which rose in the first six months of the year. They also expressed worries about On's sales, general and administrative expenses, including marketing, which also increased.
Investors Not Swayed by Higher Sales Forecast
The company raised full-year sales guidance, but investors weren't particularly impressed, sending shares 14% lower in enormous trading volume. But the decline seems to offer a buying opportunity for On Holding stock.
Wall Street still expects earnings to increase by 54% this year and 48% next year, and MarketBeat's On Holding analyst ratings show a consensus view of "moderate buy" with a price target of $32.95, an upside of 8.42%.
When it comes to concerns about the inventory, investors initially fretted that that might indicate the shoes are less popular with a fickle public. Still, given the upbeat forecasts, that doesn't seem to be the case.
Frequently, after a stock posts a strong rally, investors use any excuse to pocket some profits. It's possible some of that was happening with On Holding, whose share price had more than doubled from its October low of $15.44 before the selloff.
It’s still up 96% from that point, meaning investors who have held for the past several months are still in the black.
Stock Price Outrunning Other Footwear Makers
Within its sub-industry of apparel and shoes, On's price performance is outpacing peers, including Deckers, Adidas, Skechers U.S.A. Inc. (NYSE: SKX) and Crocs Inc. (NASDAQ: CROX).
When it comes to earnings growth, the company has performed well since going public, but a pre-IPO loss of 2 cents a share in 2020 means it doesn't yet have a three-year earnings growth rate. Revenue, though, grew by 70% during that time.
Watch for the company to continue growing, as analysts expect. One pillar of its growth strategy is further expansion into global markets. North American sales currently total about 60% of revenue, but On is expanding into Asia, where sales grew by 90% in the first six months of the year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In regulatory filings, On Holding says competitors across different categories include Nike, Adidas AG (OTCMKTS: ADDYY), Reebok, Under Armour, Inc. (NYSE: UAA), Brooks Sports, Deckers Outdoor Corp. (NYSE: DECK), Asics, New Balance, Lululemon Athletica Inc. (NASDAQ: LULU) and Patagonia. Stock Price Outrunning Other Footwear Makers Within its sub-industry of apparel and shoes, On's price performance is outpacing peers, including Deckers, Adidas, Skechers U.S.A. Inc. (NYSE: SKX) and Crocs Inc. (NASDAQ: CROX). Athletic footwear maker On Holding AG (NYSE: ONON) gapped down hard on August 15 after reporting earnings, but like any good shoe, found support that provided stability for investors.
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Stock Price Outrunning Other Footwear Makers Within its sub-industry of apparel and shoes, On's price performance is outpacing peers, including Deckers, Adidas, Skechers U.S.A. Inc. (NYSE: SKX) and Crocs Inc. (NASDAQ: CROX). In regulatory filings, On Holding says competitors across different categories include Nike, Adidas AG (OTCMKTS: ADDYY), Reebok, Under Armour, Inc. (NYSE: UAA), Brooks Sports, Deckers Outdoor Corp. (NYSE: DECK), Asics, New Balance, Lululemon Athletica Inc. (NASDAQ: LULU) and Patagonia. Athletic footwear maker On Holding AG (NYSE: ONON) gapped down hard on August 15 after reporting earnings, but like any good shoe, found support that provided stability for investors.
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In regulatory filings, On Holding says competitors across different categories include Nike, Adidas AG (OTCMKTS: ADDYY), Reebok, Under Armour, Inc. (NYSE: UAA), Brooks Sports, Deckers Outdoor Corp. (NYSE: DECK), Asics, New Balance, Lululemon Athletica Inc. (NASDAQ: LULU) and Patagonia. Stock Price Outrunning Other Footwear Makers Within its sub-industry of apparel and shoes, On's price performance is outpacing peers, including Deckers, Adidas, Skechers U.S.A. Inc. (NYSE: SKX) and Crocs Inc. (NASDAQ: CROX). Taking Market Share from Bigger Brands On Holding's On running shoes, which include the Cloudmonster, Cloudrunner and Cloudgo models, have snagged a growing market share from many of the big athletic shoe brands.
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In regulatory filings, On Holding says competitors across different categories include Nike, Adidas AG (OTCMKTS: ADDYY), Reebok, Under Armour, Inc. (NYSE: UAA), Brooks Sports, Deckers Outdoor Corp. (NYSE: DECK), Asics, New Balance, Lululemon Athletica Inc. (NASDAQ: LULU) and Patagonia. Stock Price Outrunning Other Footwear Makers Within its sub-industry of apparel and shoes, On's price performance is outpacing peers, including Deckers, Adidas, Skechers U.S.A. Inc. (NYSE: SKX) and Crocs Inc. (NASDAQ: CROX). As you can see on MarketBeat's On Holdings earnings page, net income missed views, but revenue came in well ahead of expectations.
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abf8745c-d733-4649-8d69-9f27552ce2dc
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723744.0
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2023-09-15 00:00:00 UTC
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Notable Friday Option Activity: APLS, DECK, PACB
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DECK
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https://www.nasdaq.com/articles/notable-friday-option-activity%3A-apls-deck-pacb
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Apellis Pharmaceuticals Inc (Symbol: APLS), where a total of 11,547 contracts have traded so far, representing approximately 1.2 million underlying shares. That amounts to about 44.2% of APLS's average daily trading volume over the past month of 2.6 million shares. Particularly high volume was seen for the $45 strike call option expiring September 15, 2023, with 3,600 contracts trading so far today, representing approximately 360,000 underlying shares of APLS. Below is a chart showing APLS's trailing twelve month trading history, with the $45 strike highlighted in orange:
Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 1,603 contracts, representing approximately 160,300 underlying shares or approximately 44% of DECK's average daily trading volume over the past month, of 364,520 shares. Particularly high volume was seen for the $510 strike put option expiring October 20, 2023, with 311 contracts trading so far today, representing approximately 31,100 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $510 strike highlighted in orange:
And Pacific Biosciences of California Inc (Symbol: PACB) options are showing a volume of 15,212 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 43.7% of PACB's average daily trading volume over the past month, of 3.5 million shares. Especially high volume was seen for the $13 strike call option expiring March 15, 2024, with 5,000 contracts trading so far today, representing approximately 500,000 underlying shares of PACB. Below is a chart showing PACB's trailing twelve month trading history, with the $13 strike highlighted in orange:
For the various different available expirations for APLS options, DECK options, or PACB options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Institutional Holders of FTNT
DDD Options Chain
DWMC Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $510 strike put option expiring October 20, 2023, with 311 contracts trading so far today, representing approximately 31,100 underlying shares of DECK. Below is a chart showing APLS's trailing twelve month trading history, with the $45 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 1,603 contracts, representing approximately 160,300 underlying shares or approximately 44% of DECK's average daily trading volume over the past month, of 364,520 shares. Below is a chart showing DECK's trailing twelve month trading history, with the $510 strike highlighted in orange: And Pacific Biosciences of California Inc (Symbol: PACB) options are showing a volume of 15,212 contracts thus far today.
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Below is a chart showing APLS's trailing twelve month trading history, with the $45 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 1,603 contracts, representing approximately 160,300 underlying shares or approximately 44% of DECK's average daily trading volume over the past month, of 364,520 shares. Below is a chart showing DECK's trailing twelve month trading history, with the $510 strike highlighted in orange: And Pacific Biosciences of California Inc (Symbol: PACB) options are showing a volume of 15,212 contracts thus far today. Below is a chart showing PACB's trailing twelve month trading history, with the $13 strike highlighted in orange: For the various different available expirations for APLS options, DECK options, or PACB options, visit StockOptionsChannel.com.
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Below is a chart showing APLS's trailing twelve month trading history, with the $45 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 1,603 contracts, representing approximately 160,300 underlying shares or approximately 44% of DECK's average daily trading volume over the past month, of 364,520 shares. Below is a chart showing PACB's trailing twelve month trading history, with the $13 strike highlighted in orange: For the various different available expirations for APLS options, DECK options, or PACB options, visit StockOptionsChannel.com. Particularly high volume was seen for the $510 strike put option expiring October 20, 2023, with 311 contracts trading so far today, representing approximately 31,100 underlying shares of DECK.
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Below is a chart showing APLS's trailing twelve month trading history, with the $45 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 1,603 contracts, representing approximately 160,300 underlying shares or approximately 44% of DECK's average daily trading volume over the past month, of 364,520 shares. Below is a chart showing PACB's trailing twelve month trading history, with the $13 strike highlighted in orange: For the various different available expirations for APLS options, DECK options, or PACB options, visit StockOptionsChannel.com. Particularly high volume was seen for the $510 strike put option expiring October 20, 2023, with 311 contracts trading so far today, representing approximately 31,100 underlying shares of DECK.
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a197c185-2736-4db5-84f5-b165c8471da8
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723745.0
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2023-09-15 00:00:00 UTC
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3 Stocks That Could Help You Retire a Millionaire
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DECK
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https://www.nasdaq.com/articles/3-stocks-that-could-help-you-retire-a-millionaire-10
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nan
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nan
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It's no secret that investing can help to grow your wealth over time and place you on solid footing for a happy retirement. Starting with just a four- or five-digit sum, you can steadily allocate more cash for your investment portfolio and reinvest any dividends you receive.
However, it's important to purchase stocks that can help you to compound your money over the years. For that to happen, you need to look out for key characteristics, include a sturdy business model with a strong competitive moat, tailwinds that can sustain for many years to come, and a capable management team that can steer the business through good times and bad.
With these factors in mind, let's look at three stocks that -- with sufficient time and patience -- can be helpful building blocks in creating a solid retirement portfolio of $1 million or more.
Image source: Getty images.
Okta
Okta (NASDAQ: OKTA) is an identity management and authentication specialist that helps organizations manage their employees' online access needs. The business employs a cloud-based platform with a subscription-as-a-service model, with the bulk of its revenue coming from recurring subscription revenue.
With more organizations digitalizing and the need to control and manage employee access amid cybersecurity concerns, Okta is seeing healthy tailwinds that look set to grow its business further. Its financial numbers have been impressive -- revenue more than doubled from $835 million to $1.9 billion from fiscal 2021 (which ended Jan. 31) to fiscal 2023. Although Okta reported losses in these years, the business generated a positive free cash flow for every fiscal year.
Okta enjoyed a strong first half of its current fiscal 2024, with revenue climbing 23.9% year over year to $1.1 billion. Its strong free cash flow generation continued with a $173 million inflow. Management expects its free cash flow margin to rise sharply to around 15% after bottoming out at 3.5% in fiscal 2023 as the company unveiled a reduced cost structure. The number of total customers continued to climb, hitting 18,400 as of July 31, an increase from 17,600 at the end of the previous fiscal year.
Importantly, customers with an annual contract value exceeding $100,000 grew 7% over the same period to 4,205. Okta has identified multiple growth angles such as new use cases, international expansion, and an increase in the number of users as key catalysts to power its future growth. It has identified a total addressable market of $80 billion, which represents significant potential for the business to capture more market share and increase its top line.
Lennox International
Lennox (NYSE: LII) specializes in energy-efficient climate-control solutions for homes and corporations and sells cooling, heating, and indoor air quality systems. With increased demand for energy-saving equipment and a renewed focus on environmental issues, Lennox has seen its business go from strength to strength.
From 2020 to 2022, the company saw its sales rise from $3.6 billion to $4.7 billion, while net income climbed from $356.3 million to $497.1 million over the same period. Lennox also generated an average positive free cash flow of $381.3 million over those three years. Up until 2022, the company had grown its dividend by 18% annually for a decade, providing investors with a steady stream of rising passive income.
The earnings momentum has carried over into 2023 as the company reported 23.5% year-over-year growth in operating income to $418.4 million for the first half of 2023 on the back of a 3.4% year-over-year rise in revenue. Net income climbed 20.9% year over year for the first half of 2023 to $315.2 million, and the business churned out a positive free cash flow of $31.4 million.
Lennox held its 2022 Investor Day late last year and identified a total addressable market of $50 billion, of which it currently occupies less than a 10% market share, giving the company room for significant future growth.
Management sees megatrends such as climate change and organizational net-zero goals as catalysts for further growth along with regulatory requirements for energy reduction. Lennox targets revenue of between $5 billion and $5.5 billion by 2026 if its growth initiatives take root, and it's investing in a new commercial factory in Mexico that will commence production in the fourth quarter of 2024 to capture anticipated higher demand.
Deckers Outdoor
Deckers Outdoor (NYSE: DECK) designs, markets, and distributes footwear, apparel, and accessories for casual wear and exercise, and it owns a portfolio of well-known brands such as Uggs, Hoka, and Teva.
The company saw success in growing its direct-to-consumer segment as well as expanding into international markets. From fiscal 2021 to 2023, ended March 31, Deckers grew its sales from $2.5 billion to $3.6 billion, with operating income climbing from $504.2 million to $652.8 million over the same period. Net income rose in tandem from $382.6 million to $516.8 million.
The business also generated consistent positive free cash flow over all three years, with fiscal 2023 seeing a free cash inflow of $456.4 million.
The first quarter of fiscal 2024 saw the continuation of this good performance, as the company reported a 10% year-over-year rise in revenue to $676 million. Of note, direct-to-consumer net sales climbed by 35.3% year over year to $250.4 million, while gross margin improved by more than three percentage points year over year to 51.3%.
Hoka became a billion-dollar brand last year, and Deckers unveiled its first global campaign for it in June to accelerate sales growth. Hoka's revenue rose 27% year over year and hit $400 million in the first quarter of fiscal 2024, with healthy growth in the number of sales locations. Management is using an omnichannel retail strategy for Hoka by pushing sales through e-commerce channels with increased awareness and customer engagement through retail and pop-up stores.
Along with the recently released global campaign, Hoka also launched a new Mach X shoe for everyday running that's gaining significant traction. Investors can look forward to more good news from Deckers as it executes its strategy to grow sales of its key brand and refine its direct-to-consumer strategy.
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Royston Yang has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Okta. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Deckers Outdoor (NYSE: DECK) designs, markets, and distributes footwear, apparel, and accessories for casual wear and exercise, and it owns a portfolio of well-known brands such as Uggs, Hoka, and Teva. From fiscal 2021 to 2023, ended March 31, Deckers grew its sales from $2.5 billion to $3.6 billion, with operating income climbing from $504.2 million to $652.8 million over the same period. Hoka became a billion-dollar brand last year, and Deckers unveiled its first global campaign for it in June to accelerate sales growth.
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From fiscal 2021 to 2023, ended March 31, Deckers grew its sales from $2.5 billion to $3.6 billion, with operating income climbing from $504.2 million to $652.8 million over the same period. Deckers Outdoor Deckers Outdoor (NYSE: DECK) designs, markets, and distributes footwear, apparel, and accessories for casual wear and exercise, and it owns a portfolio of well-known brands such as Uggs, Hoka, and Teva. Hoka became a billion-dollar brand last year, and Deckers unveiled its first global campaign for it in June to accelerate sales growth.
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Deckers Outdoor Deckers Outdoor (NYSE: DECK) designs, markets, and distributes footwear, apparel, and accessories for casual wear and exercise, and it owns a portfolio of well-known brands such as Uggs, Hoka, and Teva. From fiscal 2021 to 2023, ended March 31, Deckers grew its sales from $2.5 billion to $3.6 billion, with operating income climbing from $504.2 million to $652.8 million over the same period. Hoka became a billion-dollar brand last year, and Deckers unveiled its first global campaign for it in June to accelerate sales growth.
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Deckers Outdoor Deckers Outdoor (NYSE: DECK) designs, markets, and distributes footwear, apparel, and accessories for casual wear and exercise, and it owns a portfolio of well-known brands such as Uggs, Hoka, and Teva. From fiscal 2021 to 2023, ended March 31, Deckers grew its sales from $2.5 billion to $3.6 billion, with operating income climbing from $504.2 million to $652.8 million over the same period. Hoka became a billion-dollar brand last year, and Deckers unveiled its first global campaign for it in June to accelerate sales growth.
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259809e9-5072-4574-8e79-2df5c467cc80
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723746.0
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2023-09-13 00:00:00 UTC
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Deckers (DECK) Stock Sinks As Market Gains: What You Should Know
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DECK
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https://www.nasdaq.com/articles/deckers-deck-stock-sinks-as-market-gains%3A-what-you-should-know-0
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nan
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nan
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Deckers (DECK) closed the most recent trading day at $533.93, moving -1.26% from the previous trading session. This move lagged the S&P 500's daily gain of 0.12%. Meanwhile, the Dow lost 0.2%, and the Nasdaq, a tech-heavy index, added 0.29%.
Coming into today, shares of the maker of Ugg footwear had lost 2.53% in the past month. In that same time, the Retail-Wholesale sector lost 0.73%, while the S&P 500 gained 0.09%.
Deckers will be looking to display strength as it nears its next earnings release. In that report, analysts expect Deckers to post earnings of $4.41 per share. This would mark year-over-year growth of 16.05%. Our most recent consensus estimate is calling for quarterly revenue of $958.58 million, up 9.48% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $22.40 per share and revenue of $3.98 billion, which would represent changes of +15.64% and +11.54%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Deckers. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.32% higher within the past month. Deckers currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Deckers is holding a Forward P/E ratio of 24.14. For comparison, its industry has an average Forward P/E of 12.9, which means Deckers is trading at a premium to the group.
Investors should also note that DECK has a PEG ratio of 1.36 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. DECK's industry had an average PEG ratio of 1.33 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 101, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For comparison, its industry has an average Forward P/E of 12.9, which means Deckers is trading at a premium to the group. Deckers (DECK) closed the most recent trading day at $533.93, moving -1.26% from the previous trading session. Deckers will be looking to display strength as it nears its next earnings release.
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Deckers (DECK) closed the most recent trading day at $533.93, moving -1.26% from the previous trading session. Deckers will be looking to display strength as it nears its next earnings release. In that report, analysts expect Deckers to post earnings of $4.41 per share.
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Deckers (DECK) closed the most recent trading day at $533.93, moving -1.26% from the previous trading session. Deckers will be looking to display strength as it nears its next earnings release. In that report, analysts expect Deckers to post earnings of $4.41 per share.
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In that report, analysts expect Deckers to post earnings of $4.41 per share. Deckers (DECK) closed the most recent trading day at $533.93, moving -1.26% from the previous trading session. Deckers will be looking to display strength as it nears its next earnings release.
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5f652e11-a891-4fdf-b60b-b0959743740a
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723747.0
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2023-09-13 00:00:00 UTC
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Deckers (DECK) is a Top-Ranked Growth Stock: Should You Buy?
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DECK
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https://www.nasdaq.com/articles/deckers-deck-is-a-top-ranked-growth-stock%3A-should-you-buy
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nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Deckers (DECK)
Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. The company sell products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk, and Koolaburra.
DECK is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. DECK has a Growth Style Score of A, forecasting year-over-year earnings growth of 15.6% for the current fiscal year.
Nine analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.64 to $22.40 per share. DECK also boasts an average earnings surprise of 13.6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, DECK should be on investors' short list.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stock to Watch: Deckers (DECK) Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. DECK is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors. DECK has a Growth Style Score of A, forecasting year-over-year earnings growth of 15.6% for the current fiscal year.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Stock to Watch: Deckers (DECK) Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. DECK is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors.
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Stock to Watch: Deckers (DECK) Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. DECK is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors. DECK has a Growth Style Score of A, forecasting year-over-year earnings growth of 15.6% for the current fiscal year.
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DECK is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors. Stock to Watch: Deckers (DECK) Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. DECK has a Growth Style Score of A, forecasting year-over-year earnings growth of 15.6% for the current fiscal year.
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5759aa9b-9367-4de6-8020-3bc353e636b6
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723748.0
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2023-09-07 00:00:00 UTC
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Deckers (DECK) Dips More Than Broader Markets: What You Should Know
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DECK
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https://www.nasdaq.com/articles/deckers-deck-dips-more-than-broader-markets%3A-what-you-should-know-0
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nan
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nan
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Deckers (DECK) closed at $523.71 in the latest trading session, marking a -0.4% move from the prior day. This move lagged the S&P 500's daily loss of 0.32%. Elsewhere, the Dow gained 0.17%, while the tech-heavy Nasdaq lost 0.89%.
Heading into today, shares of the maker of Ugg footwear had lost 5.26% over the past month, lagging the Retail-Wholesale sector's loss of 1.56% and the S&P 500's loss of 0.12% in that time.
Deckers will be looking to display strength as it nears its next earnings release. On that day, Deckers is projected to report earnings of $4.41 per share, which would represent year-over-year growth of 16.05%. Meanwhile, our latest consensus estimate is calling for revenue of $958.58 million, up 9.48% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $22.40 per share and revenue of $3.98 billion, which would represent changes of +15.64% and +9.83%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Deckers. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.2% higher. Deckers is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Deckers is currently trading at a Forward P/E ratio of 23.47. Its industry sports an average Forward P/E of 13.33, so we one might conclude that Deckers is trading at a premium comparatively.
Investors should also note that DECK has a PEG ratio of 1.32 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 1.32 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 94, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers (DECK) closed at $523.71 in the latest trading session, marking a -0.4% move from the prior day. Deckers will be looking to display strength as it nears its next earnings release. On that day, Deckers is projected to report earnings of $4.41 per share, which would represent year-over-year growth of 16.05%.
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Deckers (DECK) closed at $523.71 in the latest trading session, marking a -0.4% move from the prior day. Deckers will be looking to display strength as it nears its next earnings release. On that day, Deckers is projected to report earnings of $4.41 per share, which would represent year-over-year growth of 16.05%.
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Deckers (DECK) closed at $523.71 in the latest trading session, marking a -0.4% move from the prior day. Deckers will be looking to display strength as it nears its next earnings release. On that day, Deckers is projected to report earnings of $4.41 per share, which would represent year-over-year growth of 16.05%.
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On that day, Deckers is projected to report earnings of $4.41 per share, which would represent year-over-year growth of 16.05%. Deckers (DECK) closed at $523.71 in the latest trading session, marking a -0.4% move from the prior day. Deckers will be looking to display strength as it nears its next earnings release.
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6822c7cd-96bf-4fca-9493-ce30cbb6bbd0
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723749.0
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2023-09-07 00:00:00 UTC
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MDY, HUBB, JBL, DECK: Large Outflows Detected at ETF
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DECK
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https://www.nasdaq.com/articles/mdy-hubb-jbl-deck%3A-large-outflows-detected-at-etf
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P MIDCAP 400 ETF Trust (Symbol: MDY) where we have detected an approximate $80.8 million dollar outflow -- that's a 0.4% decrease week over week (from 40,390,000 to 40,220,000). Among the largest underlying components of MDY, in trading today Hubbell Inc. (Symbol: HUBB) is down about 0.3%, Jabil Inc (Symbol: JBL) is off about 2.1%, and Deckers Outdoor Corp. (Symbol: DECK) is lower by about 2%. For a complete list of holdings, visit the MDY Holdings page » The chart below shows the one year price performance of MDY, versus its 200 day moving average:
Looking at the chart above, MDY's low point in its 52 week range is $398.11 per share, with $500.78 as the 52 week high point — that compares with a last trade of $470.14. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
Business Development Company List
PFCB Insider Buying
Institutional Holders of RETO
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of MDY, in trading today Hubbell Inc. (Symbol: HUBB) is down about 0.3%, Jabil Inc (Symbol: JBL) is off about 2.1%, and Deckers Outdoor Corp. (Symbol: DECK) is lower by about 2%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of MDY, in trading today Hubbell Inc. (Symbol: HUBB) is down about 0.3%, Jabil Inc (Symbol: JBL) is off about 2.1%, and Deckers Outdoor Corp. (Symbol: DECK) is lower by about 2%. For a complete list of holdings, visit the MDY Holdings page » The chart below shows the one year price performance of MDY, versus its 200 day moving average: Looking at the chart above, MDY's low point in its 52 week range is $398.11 per share, with $500.78 as the 52 week high point — that compares with a last trade of $470.14. Free Report: Top 8%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Among the largest underlying components of MDY, in trading today Hubbell Inc. (Symbol: HUBB) is down about 0.3%, Jabil Inc (Symbol: JBL) is off about 2.1%, and Deckers Outdoor Corp. (Symbol: DECK) is lower by about 2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P MIDCAP 400 ETF Trust (Symbol: MDY) where we have detected an approximate $80.8 million dollar outflow -- that's a 0.4% decrease week over week (from 40,390,000 to 40,220,000). For a complete list of holdings, visit the MDY Holdings page » The chart below shows the one year price performance of MDY, versus its 200 day moving average: Looking at the chart above, MDY's low point in its 52 week range is $398.11 per share, with $500.78 as the 52 week high point — that compares with a last trade of $470.14.
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Among the largest underlying components of MDY, in trading today Hubbell Inc. (Symbol: HUBB) is down about 0.3%, Jabil Inc (Symbol: JBL) is off about 2.1%, and Deckers Outdoor Corp. (Symbol: DECK) is lower by about 2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P MIDCAP 400 ETF Trust (Symbol: MDY) where we have detected an approximate $80.8 million dollar outflow -- that's a 0.4% decrease week over week (from 40,390,000 to 40,220,000). For a complete list of holdings, visit the MDY Holdings page » The chart below shows the one year price performance of MDY, versus its 200 day moving average: Looking at the chart above, MDY's low point in its 52 week range is $398.11 per share, with $500.78 as the 52 week high point — that compares with a last trade of $470.14.
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aeb8798c-1e02-45f1-9258-58ac842e756f
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723750.0
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2023-09-01 00:00:00 UTC
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Deckers (DECK) Outpaces Stock Market Gains: What You Should Know
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DECK
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https://www.nasdaq.com/articles/deckers-deck-outpaces-stock-market-gains%3A-what-you-should-know
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nan
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nan
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Deckers (DECK) closed at $532.75 in the latest trading session, marking a +0.69% move from the prior day. This move outpaced the S&P 500's daily gain of 0.18%. Elsewhere, the Dow gained 0.33%, while the tech-heavy Nasdaq lost 0.02%.
Coming into today, shares of the maker of Ugg footwear had lost 4.73% in the past month. In that same time, the Consumer Discretionary sector lost 4.49%, while the S&P 500 lost 1.63%.
Wall Street will be looking for positivity from Deckers as it approaches its next earnings report date. The company is expected to report EPS of $4.41, up 16.05% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $958.58 million, up 9.48% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $22.40 per share and revenue of $3.98 billion. These totals would mark changes of +15.64% and +9.83%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Deckers. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.2% higher. Deckers is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Deckers is holding a Forward P/E ratio of 23.16. For comparison, its industry has an average Forward P/E of 14.06, which means Deckers is trading at a premium to the group.
It is also worth noting that DECK currently has a PEG ratio of 1.3. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Shoes and Retail Apparel stocks are, on average, holding a PEG ratio of 1.3 based on yesterday's closing prices.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 189, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers (DECK) closed at $532.75 in the latest trading session, marking a +0.69% move from the prior day. Wall Street will be looking for positivity from Deckers as it approaches its next earnings report date. Investors should also note any recent changes to analyst estimates for Deckers.
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Deckers (DECK) closed at $532.75 in the latest trading session, marking a +0.69% move from the prior day. Wall Street will be looking for positivity from Deckers as it approaches its next earnings report date. Investors should also note any recent changes to analyst estimates for Deckers.
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Deckers (DECK) closed at $532.75 in the latest trading session, marking a +0.69% move from the prior day. Wall Street will be looking for positivity from Deckers as it approaches its next earnings report date. Investors should also note any recent changes to analyst estimates for Deckers.
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Deckers (DECK) closed at $532.75 in the latest trading session, marking a +0.69% move from the prior day. Wall Street will be looking for positivity from Deckers as it approaches its next earnings report date. Investors should also note any recent changes to analyst estimates for Deckers.
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8f3120c9-a6e2-4929-b012-4684aaa486d8
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723751.0
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2023-08-30 00:00:00 UTC
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SKX or DECK: Which Is the Better Value Stock Right Now?
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DECK
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https://www.nasdaq.com/articles/skx-or-deck%3A-which-is-the-better-value-stock-right-now-0
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nan
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nan
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Investors looking for stocks in the Shoes and Retail Apparel sector might want to consider either Skechers (SKX) or Deckers (DECK). But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Skechers and Deckers are sporting Zacks Ranks of #1 (Strong Buy) and #3 (Hold), respectively, right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that SKX has an improving earnings outlook. But this is just one piece of the puzzle for value investors.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
SKX currently has a forward P/E ratio of 14.71, while DECK has a forward P/E of 23.56. We also note that SKX has a PEG ratio of 0.52. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. DECK currently has a PEG ratio of 1.33.
Another notable valuation metric for SKX is its P/B ratio of 1.84. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, DECK has a P/B of 7.66.
These metrics, and several others, help SKX earn a Value grade of B, while DECK has been given a Value grade of C.
SKX stands above DECK thanks to its solid earnings outlook, and based on these valuation figures, we also feel that SKX is the superior value option right now.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors looking for stocks in the Shoes and Retail Apparel sector might want to consider either Skechers (SKX) or Deckers (DECK). Skechers and Deckers are sporting Zacks Ranks of #1 (Strong Buy) and #3 (Hold), respectively, right now. SKX currently has a forward P/E ratio of 14.71, while DECK has a forward P/E of 23.56.
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Click to get this free report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors looking for stocks in the Shoes and Retail Apparel sector might want to consider either Skechers (SKX) or Deckers (DECK). Skechers and Deckers are sporting Zacks Ranks of #1 (Strong Buy) and #3 (Hold), respectively, right now.
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These metrics, and several others, help SKX earn a Value grade of B, while DECK has been given a Value grade of C. SKX stands above DECK thanks to its solid earnings outlook, and based on these valuation figures, we also feel that SKX is the superior value option right now. Click to get this free report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors looking for stocks in the Shoes and Retail Apparel sector might want to consider either Skechers (SKX) or Deckers (DECK).
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DECK currently has a PEG ratio of 1.33. These metrics, and several others, help SKX earn a Value grade of B, while DECK has been given a Value grade of C. SKX stands above DECK thanks to its solid earnings outlook, and based on these valuation figures, we also feel that SKX is the superior value option right now. Investors looking for stocks in the Shoes and Retail Apparel sector might want to consider either Skechers (SKX) or Deckers (DECK).
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34bda639-4a7a-4998-9cfe-afe2b46f5fb7
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723752.0
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2023-08-25 00:00:00 UTC
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The Bull Case for Deckers Outdoor Corporation (DECK)
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DECK
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https://www.nasdaq.com/articles/the-bull-case-for-deckers-outdoor-corporation-deck
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nan
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nan
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W
ith Quiver Quantitative’s recent institutional holdings data (DECK Institutional Holdings (quiverquant.com)), we can see that several hedge funds and asset managers have been increasing their holdings in Deckers Outdoor Corporation (DECK). Firms such as Blackrock, Wellington Management, and Citadel have all added to their DECK positions recently. Most notably, Blackrock increased shares held by 20.9% (as filed on 6/30), bringing their total DECK holdings to 2,951,309 shares worth around $1.65 billion dollars at current market prices. With this in mind, we took a closer look at some of the reasons why many investors may be bullish on Deckers Outdoor Corporation.
In July, Deckers Outdoor Corporation posted strong first quarter earnings results for fiscal year 2024. First quarter revenue for fiscal year 2024 increased 10% to $676 million dollars, with diluted EPS increasing 45% to $2.41 per share, leading management to raise guidance for diluted EPS for fiscal year 2024 in the range of $21.75 - $22.25 dollars per share. This diluted EPS guidance for FY24 implies a 12.3% to 14.9% YoY increase in diluted EPS from FY23, reflecting the strength of the business’ HOKA shoe brand.
Breaking down the business’ brands, we can see that HOKA brand net sales increased 27.4% YoY to $420.5 million dollars, further showcasing the strength of the HOKA brand, the highest performing brand within Deckers Outdoors Corporation’s brand mix. In addition to HOKA, UGG brand net sales decreased 6% YoY to $195.5 million dollars, Teva brand net sales decreased 18.8% YoY to $48.4 million dollars, Sanuk brand net sales decreased 32.3% YoY to $9.6 million dollars, and other brands (mainly made up of the Koolaburra brand) net sales decreased 33.9% to $1.8 million dollars. Additionally, the business also announced that they had repurchased 52,000 shares of the business’ common stock for $25.5 million dollars at a weighted average price per share of $485.95, showcasing the business’ sound capital allocation priorities that do a good job of aligning management and shareholder interests. As of June 30th, there was still $1.33 billion dollars remaining for share repurchases under the business’ current share repurchase program.
Additionally, outside of these relatively strong earnings results, management also released a full FY24 guidance outlook for the business. Management is guiding net sales to be approximately $3.980 billion dollars for fiscal year 2024, with gross margins expected to still be around 52% and SG&A expenses as a percentage of sales to be approximately 34%.
Deckers Outdoor Corporation is a global leader in designing, marketing, and distributing innovative apparel, footwear, and accessories for both high-performance activities and everyday casual lifestyle activities. Deckers Outdoor Corporation markets their products under five brands, namely UGG, HOKA, Sanuk, Teva, and Koolaburra. These products and brands are sold through international distributors, quality international and domestic retailers, and directly to consumers’ through Deckers Outdoor Corporation’s DTC business, which includes the business’ e-commerce websites and retail stores.
These brands and products compete across the fashion and casual lifestyle, running, performance, and outdoor markets, with management believing that the business’ products are distinctive and appeal to a large demographic. Additionally, all of the business’ products are manufactured by independent manufacturers, with most of these manufacturers being based in Asia. Deckers Outdoor Corporation generally purchases products from manufacturers on the basis of short-term purchase agreements or individual purchase orders, in contrast to long-term purchase agreements. This gives the business greater flexibility in terms of manufacturing, as they are much more agile and able to respond to changes in international trade relations, changing consumer preferences, and evolving inventory management requirements.
Deckers Outdoor Corporation operates in an industry that is highly competitive, competing with athletic and footwear companies, branded apparel companies, and retailers with their own private labels. While management does acknowledge the fact that the industry is fragmented, they also acknowledge the fact that some of the competitors are larger and have substantially larger resources, some of which directly compete with the business’ product and brand lines. Additionally, with the rise of offshore manufacturing and e-commerce, it has become increasingly easier for new companies to enter the markets that Deckers Outdoor Corporation operates in, increasing competition. In such a highly competitive landscape, it is important to understand the competitive factors that are important to succeed. Management acknowledges that the competitive factors important to the markets and industry they operate in include responding quickly to changes in consumer preferences, producing appealing products, maintaining and enhancing brand strength, pricing products competitively, and weathering the impacts of supply chain disruptions.
Additionally, the business’ key customers also face competition from sporting goods stores, department stores, online retailers, and retail specialty stores, which can affect their financial position and ability to do business with Deckers. While this tough competition may be a red flag for investors, we believe that Deckers Outdoor Corporation’s brand offerings are solid and have strong brand name recognition, evidenced by the business’ high return on capital metrics.
Management is solid and their capital allocation priorities do a good job of aligning shareholder and management interests. Despite Deckers Outdoor Corporation’s low float (around 25.77 million shares outstanding), management has still been aggressively buying back shares over the past few years. In 2021, management repurchased 307,080 shares at a weighted average cost of $322.87 dollars per share. Additionally, management repurchased 1,043,554 and 928,262 shares in 2022 and 2023, respectively, with a weighted average cost of $341.77 in 2022 and $320.35 in 2023. As we can see, management has been aggressively buying back the business’ common stock in recent years, despite the low float of the business, creating excess shareholder value and rewarding shareholders handsomely. While management likes to repurchase shares, they have not offered a cash dividend on their common stock since inception.
In terms of management incentives, management is incentivized well, with incentives that do a good job of aligning shareholder and management interests while also retaining executive talent over the long-term. The 2023 executive compensation plan includes a base salary, an annual cash incentive reward, time-based RSUs, and long-term incentive plan performance-based stock units. In FY23, CEO Dave Powers had 89% of his total compensation at risk, with 89% of his total compensation coming from cash and equity incentive plan bonuses based on a number of objective goals.
With a majority of bonuses being paid out in the form of equity (>70%), management and shareholder interests are well aligned, as management has ownership in the business and the performance of the business’ shares correlates to their total compensation. Additionally, it also does a good job of retaining executive talent in the long-term. With management building up equity in the business that is vested over a multi-year time horizon, executive leaders are incentivized to stay with the business.
Deckers Outdoor Corporation is a very efficient business. The business operates at a LTM ROIC of 32.4% and a LTM ROE of 32.7%. With a WACC of 10%, Deckers Outdoor Corporation operates at a ROIC to WACC ratio of around 3.25x, showcasing the business’ ability to generate returns on cash reinvested back into the business at rates of return far higher than their cost of capital. With the ability to reinvest cash back into the business at high rates of return, Deckers Outdoor Corporation is able to rapidly compound its intrinsic value over the long-term, handsomely rewarding shareholders in the process.
Looking further at efficiency metrics, we can see that ROIC has expanded over the last few years, signifying that Deckers Outdoor Corporation may hold a strong moat in the footwear and apparel industry. In 2014, Deckers Outdoor Corporation operated at a ROIC of 23%, compared to today where the business operates at a LTM ROIC of 32.4%, one of the highest return on capital figures amongst competitors.
Analyzing Deckers Outdoor Corporation’s income statement, we see stellar sustained growth in revenue, gross profit, and earnings within the last decade. Since 2014, Deckers Outdoor Corporation has grown revenue at a CAGR of 28.75%, with gross profit growing at a CAGR of 29.25% in that same time period. While these growth rates are stellar, it must be noted that these growth rates factor in fiscal 2015, where Deckers Outdoor Corporation increased revenue and gross profit by a whopping 516.5% and 508.7% YoY, respectively.
Taking this massive growth spike out of the equation, Deckers Outdoor Corporation has increased revenue and gross profit at CAGRs of 8.2% and 8.8%, respectively, further showcasing the business’ stellar growth in revenue and gross profit within the last decade. In terms of earnings, Deckers Outdoor Corporation has grown EBITDA at a CAGR of 51.6% since 2014, with EPS growing at a CAGR of around 17.7% since 2015 (In 2014, Deckers operated at an EPS of $-0.08). However, it must be noted that these figures are slightly misleading, as Deckers’ massively increased revenue and gross profit in 2014. Leaving out 2014 in the EBITDA CAGR calculation, we still get an EBITDA CAGR of 11.7%, further showcasing the business’ earnings growth within the last decade. Additionally, the EPS CAGR is a little misleading as well, as Deckers Outdoor Corporation operated at a negative EPS in 2014 and their EPS slided from 2015-2017. A more accurate way to look at EPS growth is to look at it from 2018 to today, which brings us to a CAGR of 33.4% from 2018 to today, a stellar growth rate that further symbolizes the business’ earnings growth over the last few years. This growth in EPS can largely be attributed to share repurchases. Deckers Outdoor Corporation is a cannibal, decreasing shares outstanding by 21.5% since 2015.
The business currently holds around $1 billion dollars of cash and equivalents on their balance sheet, with no long-term debt or short term borrowings. With net debt of $-786 million dollars (a negative net debt signifies that the business holds more cash than debt on their balance sheet), we can see that Deckers Outdoor Corporation has plenty of runway to operate comfortably for the foreseeable future, with a clean balance sheet and plenty of cash on hand to pay down any future debt they may incur.
Looking at Deckers Outdoor Corporation’s cash flow statement, we can see stellar sustained growth in net income and free cash flow, showcasing the business’ operational efficiency. Since 2015 (Deckers operated with negative net income in 2014), Deckers Outdoor Corporation has grown net income at a CAGR of 14.2%, with free cash flow growing at a CAGR of 39.1% since 2014. While Deckers Outdoor Corporation does show some cyclicality in free cash flow generation, they have been able to expand free cash flow margins over the last decade, acting as a catalyst for the business’ explosive growth in free cash flow.
In 2014, the business operated at a free cash flow margin of 10.3% of revenue, whereas today the business operates at a LTM free cash flow margin of 16.3% of revenue, showcasing the business’ efficiency at generating cash from its revenue. As the business’ free cash flow margin expands, they can generate more cash from revenue, which the business can then use to repurchase shares, offer / increase a dividend, or reinvest the cash back into the business at high rates of return relative to their weighted average cost of capital.
After conducting a reverse discounted cash flow analysis, we can see that Deckers Outdoor Corporation is trading at prices that imply a 11.34% growth rate in free cash flow over the next ten years, using a perpetuity growth rate of 3% (largely in line with US GDP growth) and a discount rate of 10%. While this may seem like a high growth rate to enter a position at, we think it is fair. While Deckers Outdoor Corporation has shown some cyclicality in the past in regards to free cash flow generation (the largest decrease occurring during the Covid-19 pandemic), they have expanded their free cash flow margin over the last decade and have shown explosive free cash flow growth within the last decade.
While past results do not indicate future performance, we believe that expanding free cash flow margins will act as a catalyst in the long-term for Deckers Outdoor Corporation’s free cash flow generation. If the business is able to incrementally expand free cash flow margins over the next few years, it is very possible that this growth rate in free cash flow implied by current share prices is attainable. Additionally, another catalyst for future free cash flow generation is increased consumer spending on footwear and apparel. In a post-Covid inflationary economic environment, consumer spending has fallen, especially from its 2021 high. As the economy and macroeconomic conditions improve, further increases in revenue from heightened consumer spending will act as another catalyst for free cash flow generation.
Keep an eye out for DECK stock’s latest news, data, and more with Quiver Quantitative (DECK | Deckers Outdoor Corp Stock Data, Price & News (quiverquant.com)).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With the ability to reinvest cash back into the business at high rates of return, Deckers Outdoor Corporation is able to rapidly compound its intrinsic value over the long-term, handsomely rewarding shareholders in the process. Looking further at efficiency metrics, we can see that ROIC has expanded over the last few years, signifying that Deckers Outdoor Corporation may hold a strong moat in the footwear and apparel industry. ith Quiver Quantitative’s recent institutional holdings data (DECK Institutional Holdings (quiverquant.com)), we can see that several hedge funds and asset managers have been increasing their holdings in Deckers Outdoor Corporation (DECK).
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ith Quiver Quantitative’s recent institutional holdings data (DECK Institutional Holdings (quiverquant.com)), we can see that several hedge funds and asset managers have been increasing their holdings in Deckers Outdoor Corporation (DECK). Firms such as Blackrock, Wellington Management, and Citadel have all added to their DECK positions recently. Most notably, Blackrock increased shares held by 20.9% (as filed on 6/30), bringing their total DECK holdings to 2,951,309 shares worth around $1.65 billion dollars at current market prices.
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While Deckers Outdoor Corporation does show some cyclicality in free cash flow generation, they have been able to expand free cash flow margins over the last decade, acting as a catalyst for the business’ explosive growth in free cash flow. ith Quiver Quantitative’s recent institutional holdings data (DECK Institutional Holdings (quiverquant.com)), we can see that several hedge funds and asset managers have been increasing their holdings in Deckers Outdoor Corporation (DECK). Firms such as Blackrock, Wellington Management, and Citadel have all added to their DECK positions recently.
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While this tough competition may be a red flag for investors, we believe that Deckers Outdoor Corporation’s brand offerings are solid and have strong brand name recognition, evidenced by the business’ high return on capital metrics. ith Quiver Quantitative’s recent institutional holdings data (DECK Institutional Holdings (quiverquant.com)), we can see that several hedge funds and asset managers have been increasing their holdings in Deckers Outdoor Corporation (DECK). Firms such as Blackrock, Wellington Management, and Citadel have all added to their DECK positions recently.
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a7418914-399e-491e-9984-0a228e0ee0bc
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723753.0
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2023-08-21 00:00:00 UTC
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Here's How Deckers (DECK) Is Steadily Expanding Presence
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DECK
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https://www.nasdaq.com/articles/heres-how-deckers-deck-is-steadily-expanding-presence
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nan
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Deckers Outdoor Corporation DECK focuses on profitable and underpenetrated markets through product innovation, store expansion and enhanced e-commerce capabilities.
The company is expanding its brand assortments, particularly the UGG and HOKA brands, with a focus on targeting consumers digitally and optimizing their omni-channel distribution. The UGG brand's diverse product line is gaining greater acceptance, and the company's progress in Europe and the Asia Pacific is promising.
The HOKA brand is actively building its customer base by combining disruptive product innovation and disciplined marketing strategies. Deckers aims to elevate HOKA into a multibillion-dollar major player in the market. Additionally, the company is working on transforming UGG into a global lifestyle brand with a wide range of products available throughout the year.
Image Source: Zacks Investment Research
The company is also focusing on enhancing its direct-to-consumer (DTC) business model. DTC net sales rose 35.3% to $250.4 million, while comparable DTC net sales jumped 33.4% in the first quarter of fiscal 2024.
As part of its growth strategy, Deckers plans to open more retail stores for the HOKA brand and continues to explore opportunities to strategically expand the HOKA brand's retail store presence. Overall, the company seems to be focused on capitalizing on market trends, innovation and brand expansion to achieve sustained growth and success. HOKA brand’s net sales climbed 27.4% to $420.5 million in the first quarter of fiscal 2024.
Deckers is evidently adapting to evolving market trends by actively developing its e-commerce platform to capture additional sales opportunities. The company has been making significant investments to strengthen its online presence and provide an improved shopping experience for its customers.
Despite the aforementioned tailwinds, investors must consider competitive dynamics, economic shifts and other risk factors such as high SG&A expenses and adverse currency headwinds. A prudent evaluation of these facets is essential for investors aiming to capitalize on the company's growth potential.
Wrapping Up
Deckers’ strategic endeavors have translated into favorable financial performance. In the first quarter of fiscal 2024, the company surpassed expectations, with its top and bottom-line figures seeing year-over-year growth, backed by strength in the HOKA brand, as well as solid gains from the direct-to-consumer channels. (Read More: Deckers Q1 Earnings & Sales Beat, FY24 EPS View Rises)
Deckers envisions net sales of $3.980 billion for fiscal 2024, up from the earlier stated $3.950 billion. This suggests an increase of 10% from the $3.627 billion reported in fiscal 2023. The company expects fiscal 2024 earnings of $21.75-$22.25 per share, up from the $21.10-$21.60 per share stated earlier.
The Zacks Rank #3 (Hold) stock has rallied 71.2% in the past year against the industry’s decline of 1.1%. DECK has also outpaced the consumer discretionary sector’s rise of 2.1%.
3 Promising Staple Stocks
Here we have highlighted three better-ranked stocks, namely Skechers U.S.A., Inc. SKX, American Eagle Outfitters Inc. AEO and Crocs, Inc. CROX.
Skechers designs, develops, markets and distributes footwear. It currently sports a Zacks Rank #1 (Strong Buy). The expected EPS growth rate for three to five years is 28.3%.
You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Skechers’ current financial-year sales and earnings suggests growth of 8.5% and 41.2%, respectively, from the year-ago reported figures. SKX has a trailing four-quarter earnings surprise of 39.1%, on average.
American Eagle is a specialty retailer of casual apparel, accessories and footwear. The company currently has a Zacks Rank #2 (Buy). The expected EPS growth rate for three to five years is 9.6%.
The Zacks Consensus Estimate for American Eagle’ current fiscal-year earnings suggests growth of 8.3% from the year-ago reported numbers. AEO has a trailing four-quarter earnings surprise of 9.2%, on average.
Crocs is one of the leading footwear brands with a focus on comfort and style. It currently has a Zacks Rank #2. CROX delivered an earnings surprise of 20.5% in the last reported quarter.
The Zacks Consensus Estimate for Crocs’ current financial-year sales and earnings suggests growth of 12.9% and 11.2%, respectively, from the year-ago reported numbers. CROX has a trailing four-quarter earnings surprise of 19.9%, on average.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Crocs, Inc. (CROX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corporation DECK focuses on profitable and underpenetrated markets through product innovation, store expansion and enhanced e-commerce capabilities. Deckers aims to elevate HOKA into a multibillion-dollar major player in the market. As part of its growth strategy, Deckers plans to open more retail stores for the HOKA brand and continues to explore opportunities to strategically expand the HOKA brand's retail store presence.
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Click to get this free report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Crocs, Inc. (CROX) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK focuses on profitable and underpenetrated markets through product innovation, store expansion and enhanced e-commerce capabilities. Deckers aims to elevate HOKA into a multibillion-dollar major player in the market.
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As part of its growth strategy, Deckers plans to open more retail stores for the HOKA brand and continues to explore opportunities to strategically expand the HOKA brand's retail store presence. Click to get this free report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Crocs, Inc. (CROX) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK focuses on profitable and underpenetrated markets through product innovation, store expansion and enhanced e-commerce capabilities.
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Click to get this free report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Crocs, Inc. (CROX) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK focuses on profitable and underpenetrated markets through product innovation, store expansion and enhanced e-commerce capabilities. Deckers aims to elevate HOKA into a multibillion-dollar major player in the market.
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e1604424-b0c6-46ce-a4f4-c120b5aec644
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723754.0
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2023-08-21 00:00:00 UTC
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Here's Why Deckers (DECK) is a Strong Growth Stock
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DECK
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https://www.nasdaq.com/articles/heres-why-deckers-deck-is-a-strong-growth-stock-0
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Deckers (DECK)
Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. The company sell products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk, and Koolaburra.
DECK is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. DECK has a Growth Style Score of A, forecasting year-over-year earnings growth of 15.6% for the current fiscal year.
Nine analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.64 to $22.40 per share. DECK boasts an average earnings surprise of 13.6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, DECK should be on investors' short list.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stock to Watch: Deckers (DECK) Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. DECK is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors. DECK has a Growth Style Score of A, forecasting year-over-year earnings growth of 15.6% for the current fiscal year.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Stock to Watch: Deckers (DECK) Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. DECK is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors.
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Stock to Watch: Deckers (DECK) Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. DECK is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors. DECK has a Growth Style Score of A, forecasting year-over-year earnings growth of 15.6% for the current fiscal year.
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Stock to Watch: Deckers (DECK) Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. DECK is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors. DECK has a Growth Style Score of A, forecasting year-over-year earnings growth of 15.6% for the current fiscal year.
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723755.0
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2023-08-18 00:00:00 UTC
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Commit To Buy Deckers Outdoor At $520, Earn 16.3% Annualized Using Options
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DECK
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https://www.nasdaq.com/articles/commit-to-buy-deckers-outdoor-at-%24520-earn-16.3-annualized-using-options
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Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) shares, but cautious about paying the going market price of $552.04/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $520 strike, which has a bid at the time of this writing of $21.10. Collecting that bid as the premium represents a 4.1% return against the $520 commitment, or a 16.3% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Selling a put does not give an investor access to DECK's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $520 strike if doing so produced a better outcome than selling at the going market price. (Do options carry counterparty risk? This and six other common options myths debunked). So unless Deckers Outdoor Corp. sees its shares fall 5% and the contract is exercised (resulting in a cost basis of $498.90 per share before broker commissions, subtracting the $21.10 from $520), the only upside to the put seller is from collecting that premium for the 16.3% annualized rate of return.
Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $520 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the November put at the $520 strike for the 16.3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deckers Outdoor Corp. (considering the last 251 trading day closing values as well as today's price of $552.04) to be 31%. For other put options contract ideas at the various different available expirations, visit the DECK Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Friday, the put volume among S&P 500 components was 2.55M contracts, with call volume at 2.57M, for a put:call ratio of 0.99 so far for the day, which is unusually high compared to the long-term median put:call ratio of .65. In other words, there are lots more put buyers out there in options trading so far today than would normally be seen, as compared to call buyers. Find out which 15 call and put options traders are talking about today.
Top YieldBoost Puts of the S&P 500 »
Also see:
Jim Simons Stock Picks
Funds Holding ATXG
Top Ten Hedge Funds Holding AAAP
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) shares, but cautious about paying the going market price of $552.04/share, might benefit from considering selling puts among the alternative strategies at their disposal. Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $520 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the November put at the $520 strike for the 16.3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deckers Outdoor Corp. (considering the last 251 trading day closing values as well as today's price of $552.04) to be 31%.
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Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $520 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the November put at the $520 strike for the 16.3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deckers Outdoor Corp. (considering the last 251 trading day closing values as well as today's price of $552.04) to be 31%. Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) shares, but cautious about paying the going market price of $552.04/share, might benefit from considering selling puts among the alternative strategies at their disposal.
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Selling a put does not give an investor access to DECK's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $520 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the November put at the $520 strike for the 16.3% annualized rate of return represents good reward for the risks. Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) shares, but cautious about paying the going market price of $552.04/share, might benefit from considering selling puts among the alternative strategies at their disposal.
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Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) shares, but cautious about paying the going market price of $552.04/share, might benefit from considering selling puts among the alternative strategies at their disposal. So unless Deckers Outdoor Corp. sees its shares fall 5% and the contract is exercised (resulting in a cost basis of $498.90 per share before broker commissions, subtracting the $21.10 from $520), the only upside to the put seller is from collecting that premium for the 16.3% annualized rate of return. Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $520 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the November put at the $520 strike for the 16.3% annualized rate of return represents good reward for the risks.
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778538c2-d4c6-4d67-b32e-6958947a8902
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723756.0
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2023-08-17 00:00:00 UTC
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Noteworthy ETF Outflows: MDY, DECK, CSL, JBL
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DECK
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https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-mdy-deck-csl-jbl
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P MIDCAP 400 ETF Trust (Symbol: MDY) where we have detected an approximate $71.4 million dollar outflow -- that's a 0.4% decrease week over week (from 40,540,000 to 40,390,000). Among the largest underlying components of MDY, in trading today Deckers Outdoor Corp. (Symbol: DECK) is down about 0.1%, Carlisle Companies Inc. (Symbol: CSL) is up about 0.7%, and Jabil Inc (Symbol: JBL) is higher by about 0.7%. For a complete list of holdings, visit the MDY Holdings page » The chart below shows the one year price performance of MDY, versus its 200 day moving average:
Looking at the chart above, MDY's low point in its 52 week range is $398.11 per share, with $500.78 as the 52 week high point — that compares with a last trade of $476.36. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
BIS Videos
HAL Split History
SPLB Split History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of MDY, in trading today Deckers Outdoor Corp. (Symbol: DECK) is down about 0.1%, Carlisle Companies Inc. (Symbol: CSL) is up about 0.7%, and Jabil Inc (Symbol: JBL) is higher by about 0.7%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of MDY, in trading today Deckers Outdoor Corp. (Symbol: DECK) is down about 0.1%, Carlisle Companies Inc. (Symbol: CSL) is up about 0.7%, and Jabil Inc (Symbol: JBL) is higher by about 0.7%. For a complete list of holdings, visit the MDY Holdings page » The chart below shows the one year price performance of MDY, versus its 200 day moving average: Looking at the chart above, MDY's low point in its 52 week range is $398.11 per share, with $500.78 as the 52 week high point — that compares with a last trade of $476.36. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Among the largest underlying components of MDY, in trading today Deckers Outdoor Corp. (Symbol: DECK) is down about 0.1%, Carlisle Companies Inc. (Symbol: CSL) is up about 0.7%, and Jabil Inc (Symbol: JBL) is higher by about 0.7%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P MIDCAP 400 ETF Trust (Symbol: MDY) where we have detected an approximate $71.4 million dollar outflow -- that's a 0.4% decrease week over week (from 40,540,000 to 40,390,000). For a complete list of holdings, visit the MDY Holdings page » The chart below shows the one year price performance of MDY, versus its 200 day moving average: Looking at the chart above, MDY's low point in its 52 week range is $398.11 per share, with $500.78 as the 52 week high point — that compares with a last trade of $476.36.
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Among the largest underlying components of MDY, in trading today Deckers Outdoor Corp. (Symbol: DECK) is down about 0.1%, Carlisle Companies Inc. (Symbol: CSL) is up about 0.7%, and Jabil Inc (Symbol: JBL) is higher by about 0.7%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P MIDCAP 400 ETF Trust (Symbol: MDY) where we have detected an approximate $71.4 million dollar outflow -- that's a 0.4% decrease week over week (from 40,540,000 to 40,390,000). For a complete list of holdings, visit the MDY Holdings page » The chart below shows the one year price performance of MDY, versus its 200 day moving average: Looking at the chart above, MDY's low point in its 52 week range is $398.11 per share, with $500.78 as the 52 week high point — that compares with a last trade of $476.36.
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b2a9075b-51b4-41ec-92d2-7790a6f638c4
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723757.0
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2023-08-15 00:00:00 UTC
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TD Cowen Maintains Deckers Outdoor (DECK) Outperform Recommendation
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DECK
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https://www.nasdaq.com/articles/td-cowen-maintains-deckers-outdoor-deck-outperform-recommendation-0
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nan
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nan
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Fintel reports that on August 15, 2023, TD Cowen maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation.
Analyst Price Forecast Suggests 12.00% Upside
As of August 2, 2023, the average one-year price target for Deckers Outdoor is 625.26. The forecasts range from a low of 494.90 to a high of $787.50. The average price target represents an increase of 12.00% from its latest reported closing price of 558.29.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%. The projected annual non-GAAP EPS is 22.00.
What is the Fund Sentiment?
There are 1206 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 131 owner(s) or 12.19% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.42%, an increase of 0.72%. Total shares owned by institutions decreased in the last three months by 5.83% to 29,583K shares.
The put/call ratio of DECK is 0.97, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 817K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 805K shares, representing an increase of 1.45%. The firm increased its portfolio allocation in DECK by 5.53% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 813K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 817K shares, representing a decrease of 0.51%. The firm increased its portfolio allocation in DECK by 7.24% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 735K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 743K shares, representing a decrease of 1.03%. The firm increased its portfolio allocation in DECK by 6.56% over the last quarter.
Wellington Management Group Llp holds 700K shares representing 2.68% ownership of the company. In it's prior filing, the firm reported owning 554K shares, representing an increase of 20.89%. The firm decreased its portfolio allocation in DECK by 80.02% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 690K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 682K shares, representing an increase of 1.16%. The firm increased its portfolio allocation in DECK by 9.37% over the last quarter.
Deckers Outdoor Background Information
(This description is provided by the company.)
Deckers Outdoor Corporation, doing business as Deckers Brands, is a footwear designer and distributor based in Goleta, California, United States. It was founded in 1973 by University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker.
Additional reading:
DECKERS BRANDS REPORTS FIRST QUARTER FISCAL 2024 FINANCIAL RESULTS
Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan
Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202
Form of Restricted Stock Unit Award Agreement under Decker
Subsidiaries of Registrant
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on August 15, 2023, TD Cowen maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 12.00% Upside As of August 2, 2023, the average one-year price target for Deckers Outdoor is 625.26. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%.
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Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant This story originally appeared on Fintel. Fintel reports that on August 15, 2023, TD Cowen maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 12.00% Upside As of August 2, 2023, the average one-year price target for Deckers Outdoor is 625.26.
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Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant This story originally appeared on Fintel. Fintel reports that on August 15, 2023, TD Cowen maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 12.00% Upside As of August 2, 2023, the average one-year price target for Deckers Outdoor is 625.26.
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Analyst Price Forecast Suggests 12.00% Upside As of August 2, 2023, the average one-year price target for Deckers Outdoor is 625.26. There are 1206 funds or institutions reporting positions in Deckers Outdoor. Fintel reports that on August 15, 2023, TD Cowen maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation.
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346a26c4-11c4-416e-9515-c5b8f946a4dc
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723758.0
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2023-08-13 00:00:00 UTC
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Validea's Top Consumer Discretionary Stocks Based On Benjamin Graham - 8/13/2023
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DECK
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https://www.nasdaq.com/articles/valideas-top-consumer-discretionary-stocks-based-on-benjamin-graham-8-13-2023
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nan
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nan
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The following are the top rated Consumer Discretionary stocks according to Validea's Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth.
DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Deckers Outdoor Corporation designs, markets, and distributes footwear, apparel and accessories developed for both everyday casual lifestyle uses and high-performance activities. Its segments include UGG brand, HOKA brand, Teva brand, Sanuk brand, Other brands and Direct-to-Consumer (DTC). The UGG brand segment provides premium footwear, apparel and accessories with expanded product offerings. The HOKA brand segment's products include running, trail, hiking, fitness and lifestyle. Teva brand segment is engaged in a multi-category outdoor lifestyle brand offering a range of performance, casual and trail lifestyle products. Sanuk brand segment is engaged in lifestyle brand with a presence in the relaxed casual shoe and sandal categories. Other brands segment consist of the Koolaburra brand, which is a casual footwear fashion line that uses plush materials. The segment primarily sells in the United States and Canada. DTC segment is comprised of its e-commerce business and retail business.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: FAIL
PRICE/BOOK RATIO: FAIL
Detailed Analysis of DECKERS OUTDOOR CORP
DECK Guru Analysis
DECK Fundamental Analysis
DR HORTON INC (DHI) is a large-cap value stock in the Construction Services industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: D.R. Horton, Inc. is a homebuilder primarily engaged in the acquisition and development of land and the construction and sale of residential homes, with operations in 110 markets across 33 states. Its segments include homebuilding, Forestar lot development, financial services, and rental operations. The homebuilding segment designs, builds, and sells, single-family detached homes on lots they develop and on fully developed lots purchased ready for home construction. The Forestar lot development segment operates in about 52 markets across 20 states. The financial services segment provides mortgage financing and title agency services to homebuyers in many of the Company's homebuilding markets. The rental operations segment consists of multi-family and single-family rental operations. The multi-family rental operations develop, construct, lease and sell residential rental properties. The single-family rental operations primarily construct and lease single-family homes within a community.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: FAIL
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: FAIL
LONG-TERM EPS GROWTH: PASS
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of DR HORTON INC
DHI Guru Analysis
DHI Fundamental Analysis
LENNAR CORP (LEN) is a large-cap value stock in the Construction Services industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Lennar Corporation (Lennar) is a homebuilder and an originator of residential and commercial mortgage loans. The Company is also a provider of title insurance and closing services, and a developer of multifamily rental properties. The Company's segments include Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily and Lennar others. Its Homebuilding segments primarily include the construction and sale of single-family attached and detached homes, as well as the purchase, development and sale of residential land directly and through its unconsolidated entities. Its Financial Services segment primarily provides mortgage financing, title and closing services primarily for buyers of its homes, as well as property and casualty insurance. Its Multifamily segment is involved in the development, construction and property management of multifamily rental properties. Its Lennar Other segment includes fund investments.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: FAIL
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: FAIL
LONG-TERM EPS GROWTH: PASS
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of LENNAR CORP
LEN Guru Analysis
LEN Fundamental Analysis
PULTEGROUP, INC. (PHM) is a large-cap value stock in the Construction Services industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: PulteGroup, Inc. is a homebuilder in the United States. The Company, through its brands, which include Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West, it offers a variety of home designs. Its Homebuilding segment operations represent its core business, which is engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land. Homebuilding offers various product lines to meet the needs of homebuyers in its targeted markets. Its Homebuilding operations are aggregated into six segments: Northeast, Southeast, Florida, Midwest, Texas and West. Its Financial Services segment consists of mortgage banking, title, and insurance brokerage operations. The Company's Financial Services segment operates generally in the same markets as the Homebuilding segments. The Company's subsidiaries engage primarily in the homebuilding business.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: FAIL
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: FAIL
LONG-TERM EPS GROWTH: PASS
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of PULTEGROUP, INC.
PHM Guru Analysis
PHM Fundamental Analysis
NIKE INC (NKE) is a large-cap growth stock in the Footwear industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: NIKE, Inc. is engaged in the designing, marketing and distributing of athletic footwear, apparel, equipment and accessories and services for sports and fitness activities. The Company's operating segments include North America; Europe, Middle East & Africa (EMEA); Greater China; and Asia Pacific & Latin America (APLA). It sells a line of equipment and accessories under the NIKE Brand name, including bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment and other equipment designed for sports activities. It also designs products specifically for the Jordan Brand and Converse. The Jordan Brand designs, distributes and licenses athletic and casual footwear, apparel and accessories predominantly focused on basketball performance and culture using the Jumpman trademark. The Company also designs, distributes and licenses casual sneakers, apparel and accessories under the Chuck Taylor, All Star, One Star, Star Chevron and Jack Purcell trademarks.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: FAIL
PRICE/BOOK RATIO: FAIL
Detailed Analysis of NIKE INC
NKE Guru Analysis
NKE Fundamental Analysis
Benjamin Graham Portfolio
Top Benjamin Graham Stocks
About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the "Father of Value Investing" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation designs, markets, and distributes footwear, apparel and accessories developed for both everyday casual lifestyle uses and high-performance activities. Detailed Analysis of DECKERS OUTDOOR CORP DECK Guru Analysis DECK Fundamental Analysis DR HORTON INC (DHI) is a large-cap value stock in the Construction Services industry.
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Detailed Analysis of DECKERS OUTDOOR CORP DECK Guru Analysis DECK Fundamental Analysis DR HORTON INC (DHI) is a large-cap value stock in the Construction Services industry. DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation designs, markets, and distributes footwear, apparel and accessories developed for both everyday casual lifestyle uses and high-performance activities.
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DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation designs, markets, and distributes footwear, apparel and accessories developed for both everyday casual lifestyle uses and high-performance activities. Detailed Analysis of DECKERS OUTDOOR CORP DECK Guru Analysis DECK Fundamental Analysis DR HORTON INC (DHI) is a large-cap value stock in the Construction Services industry.
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DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation designs, markets, and distributes footwear, apparel and accessories developed for both everyday casual lifestyle uses and high-performance activities. Detailed Analysis of DECKERS OUTDOOR CORP DECK Guru Analysis DECK Fundamental Analysis DR HORTON INC (DHI) is a large-cap value stock in the Construction Services industry.
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58fd59f6-cb04-460a-b0e3-d57286109f15
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723759.0
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2023-08-03 00:00:00 UTC
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Analysts Expect ESGU To Hit $109
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DECK
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https://www.nasdaq.com/articles/analysts-expect-esgu-to-hit-%24109
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares ESG Aware MSCI USA ETF (Symbol: ESGU), we found that the implied analyst target price for the ETF based upon its underlying holdings is $108.97 per unit.
With ESGU trading at a recent price near $99.12 per unit, that means that analysts see 9.93% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of ESGU's underlying holdings with notable upside to their analyst target prices are Repligen Corp. (Symbol: RGEN), Danaher Corp (Symbol: DHR), and Deckers Outdoor Corp. (Symbol: DECK). Although RGEN has traded at a recent price of $170.48/share, the average analyst target is 14.28% higher at $194.82/share. Similarly, DHR has 11.81% upside from the recent share price of $257.87 if the average analyst target price of $288.33/share is reached, and analysts on average are expecting DECK to reach a target price of $602.86/share, which is 11.45% above the recent price of $540.92. Below is a twelve month price history chart comparing the stock performance of RGEN, DHR, and DECK:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
iShares ESG Aware MSCI USA ETF ESGU $99.12 $108.97 9.93%
Repligen Corp. RGEN $170.48 $194.82 14.28%
Danaher Corp DHR $257.87 $288.33 11.81%
Deckers Outdoor Corp. DECK $540.92 $602.86 11.45%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
Also see:
Convertible Preferred Stocks
PN Price Target
MHY Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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iShares ESG Aware MSCI USA ETF ESGU $99.12 $108.97 9.93% Repligen Corp. RGEN $170.48 $194.82 14.28% Danaher Corp DHR $257.87 $288.33 11.81% Deckers Outdoor Corp. DECK $540.92 $602.86 11.45% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of ESGU's underlying holdings with notable upside to their analyst target prices are Repligen Corp. (Symbol: RGEN), Danaher Corp (Symbol: DHR), and Deckers Outdoor Corp. (Symbol: DECK). Similarly, DHR has 11.81% upside from the recent share price of $257.87 if the average analyst target price of $288.33/share is reached, and analysts on average are expecting DECK to reach a target price of $602.86/share, which is 11.45% above the recent price of $540.92.
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Three of ESGU's underlying holdings with notable upside to their analyst target prices are Repligen Corp. (Symbol: RGEN), Danaher Corp (Symbol: DHR), and Deckers Outdoor Corp. (Symbol: DECK). iShares ESG Aware MSCI USA ETF ESGU $99.12 $108.97 9.93% Repligen Corp. RGEN $170.48 $194.82 14.28% Danaher Corp DHR $257.87 $288.33 11.81% Deckers Outdoor Corp. DECK $540.92 $602.86 11.45% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Similarly, DHR has 11.81% upside from the recent share price of $257.87 if the average analyst target price of $288.33/share is reached, and analysts on average are expecting DECK to reach a target price of $602.86/share, which is 11.45% above the recent price of $540.92.
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Similarly, DHR has 11.81% upside from the recent share price of $257.87 if the average analyst target price of $288.33/share is reached, and analysts on average are expecting DECK to reach a target price of $602.86/share, which is 11.45% above the recent price of $540.92. Three of ESGU's underlying holdings with notable upside to their analyst target prices are Repligen Corp. (Symbol: RGEN), Danaher Corp (Symbol: DHR), and Deckers Outdoor Corp. (Symbol: DECK). Below is a twelve month price history chart comparing the stock performance of RGEN, DHR, and DECK: Below is a summary table of the current analyst target prices discussed above:
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iShares ESG Aware MSCI USA ETF ESGU $99.12 $108.97 9.93% Repligen Corp. RGEN $170.48 $194.82 14.28% Danaher Corp DHR $257.87 $288.33 11.81% Deckers Outdoor Corp. DECK $540.92 $602.86 11.45% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of ESGU's underlying holdings with notable upside to their analyst target prices are Repligen Corp. (Symbol: RGEN), Danaher Corp (Symbol: DHR), and Deckers Outdoor Corp. (Symbol: DECK). Similarly, DHR has 11.81% upside from the recent share price of $257.87 if the average analyst target price of $288.33/share is reached, and analysts on average are expecting DECK to reach a target price of $602.86/share, which is 11.45% above the recent price of $540.92.
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723760.0
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2023-08-02 00:00:00 UTC
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Deckers Outdoor (DECK) Price Target Increased by 15.63% to 625.26
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https://www.nasdaq.com/articles/deckers-outdoor-deck-price-target-increased-by-15.63-to-625.26
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The average one-year price target for Deckers Outdoor (NYSE:DECK) has been revised to 625.26 / share. This is an increase of 15.63% from the prior estimate of 540.72 dated July 5, 2023.
The price target is an average of many targets provided by analysts. The latest targets range from a low of 494.90 to a high of 787.50 / share. The average price target represents an increase of 15.00% from the latest reported closing price of 543.69 / share.
What is the Fund Sentiment?
There are 1187 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 126 owner(s) or 11.88% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.42%, an increase of 2.17%. Total shares owned by institutions decreased in the last three months by 4.57% to 30,115K shares.
The put/call ratio of DECK is 0.91, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 817K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 805K shares, representing an increase of 1.45%. The firm increased its portfolio allocation in DECK by 5.53% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 813K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 817K shares, representing a decrease of 0.51%. The firm increased its portfolio allocation in DECK by 7.24% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 735K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 743K shares, representing a decrease of 1.03%. The firm increased its portfolio allocation in DECK by 6.56% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 690K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 682K shares, representing an increase of 1.16%. The firm increased its portfolio allocation in DECK by 9.37% over the last quarter.
FDGRX - Fidelity Growth Company Fund holds 597K shares representing 2.29% ownership of the company. In it's prior filing, the firm reported owning 598K shares, representing a decrease of 0.08%. The firm increased its portfolio allocation in DECK by 1.37% over the last quarter.
Deckers Outdoor Background Information
(This description is provided by the company.)
Deckers Outdoor Corporation, doing business as Deckers Brands, is a footwear designer and distributor based in Goleta, California, United States. It was founded in 1973 by University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker.
Additional reading:
DECKERS BRANDS REPORTS FIRST QUARTER FISCAL 2024 FINANCIAL RESULTS
Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan
Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202
Form of Restricted Stock Unit Award Agreement under Decker
Subsidiaries of Registrant
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The average one-year price target for Deckers Outdoor (NYSE:DECK) has been revised to 625.26 / share. There are 1187 funds or institutions reporting positions in Deckers Outdoor. Average portfolio weight of all funds dedicated to DECK is 0.42%, an increase of 2.17%.
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Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant This story originally appeared on Fintel. The average one-year price target for Deckers Outdoor (NYSE:DECK) has been revised to 625.26 / share. There are 1187 funds or institutions reporting positions in Deckers Outdoor.
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Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant This story originally appeared on Fintel. The average one-year price target for Deckers Outdoor (NYSE:DECK) has been revised to 625.26 / share. There are 1187 funds or institutions reporting positions in Deckers Outdoor.
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There are 1187 funds or institutions reporting positions in Deckers Outdoor. The average one-year price target for Deckers Outdoor (NYSE:DECK) has been revised to 625.26 / share. Average portfolio weight of all funds dedicated to DECK is 0.42%, an increase of 2.17%.
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c659e36e-1a71-475e-a04b-ae4eb484df48
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723761.0
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2023-08-01 00:00:00 UTC
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Aaron's (AAN) Q2 Earnings Beat Estimates, Revenue View Lowered
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DECK
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https://www.nasdaq.com/articles/aarons-aan-q2-earnings-beat-estimates-revenue-view-lowered
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The Aaron's Company, Inc. AAN released second-quarter 2023 results, wherein the bottom line beat the Zacks Consensus Estimate while the top line missed the same. In the quarter, both the top and bottom lines declined on a year-over-year basis.
Aaron's delivered adjusted earnings of 39 cents per share, outpacing the Zacks Consensus Estimate of 18 cents. However, the bottom line declined 50.6% year over year from 79 cents per share reported in the prior-year quarter. On a GAAP basis, AAN reported earnings of 21 cents per share versus a loss of 17 cents in the year-ago quarter.
Quarter in Detail
Consolidated revenues declined 13.1% to $530.4 million, owing to weak lease revenues & fees and drab retail sales at both Aaron's and BrandsMart businesses. The figure came below the Zacks Consensus Estimate of $541 million.
Breaking up the components of consolidated revenues, we note that lease revenues and fees dropped 8.5% year over year to $353.8 million and retail sales decreased to $148 million from $190.8 million. Non-retail sales, which mainly include merchandise sales to franchisees, declined 15.6% year over year to $22.8 million, while franchise royalties and other revenues in the quarter decreased 3.3% to $5.8 million from the year-ago quarter.
In Aaron’s business segment, revenues declined 9.6% year over year to $388.9 million due to lower lease portfolio size and lease renewal rate coupled with fewer exercises of early purchase options and weak retail sales. In the quarter, we had expected sales of $376.2 million from Aaron’s business segment. E-commerce revenues rose 5.5% year over year and represented 17.9% of lease revenues.
For the BrandsMart segment, revenues were $143.8 million in the second quarter of 2023. Our estimate for sales from the BrandsMart segment was $157.5 million in the quarter. Its e-commerce product sales were 8.1% of total product sales.
The Aaron's Company, Inc. Price, Consensus and EPS Surprise
The Aaron's Company, Inc. price-consensus-eps-surprise-chart | The Aaron's Company, Inc. Quote
Margins
Aaron’s gross profit declined 3.7% to $282.3 million and the gross margin expanded 520 basis points (bps) to 53.2%. The operating profit came in at $11.3 million compared with the prior-year quarter’s operating loss of $9.5 million.
Adjusted EBITDA declined 17% year over year to $42.4 million, due to lower lease revenues & fees at the Aaron's business and weak retail sales at BrandsMart, partly offset by reduced personnel costs and lower write-offs at Aaron's business. The adjusted EBITDA margin also contracted 40 bps to 8% compared with our estimate of 6.8%.
Financial Position
Aaron’s ended the quarter with cash and cash equivalents of $38.4 million, debt of $186.1 million and shareholders’ equity of $710.6 million. In the quarter, the company provided $53.4 million in cash from operating activities.
At the end of the second quarter, the company generated an adjusted free cash flow of $36 million. Capital expenditure was $21.4 million in the reported quarter. For 2023, capital expenditures are expected in the band of $85-$100 compared with $90-$105 million guided earlier. For 2023, AAN expects adjusted free cash flow in the range of $85-$95 million, higher than its earlier projection of $75-$85 million.
The company declared dividends worth $3.9 million in the quarter under review.
Outlook
For full-year 2023, the company anticipates revenues in the band of $2.12-$2.22 billion versus $2.15-$2.25 billion predicted earlier. Adjusted EBITDA (excluding stock-based compensation) is still projected in the range of $140-$160 million. It continues to envision adjusted earnings per share (EPS) of $1.00-$1.40 for the full year. Earnings per share are expected in the range of 55-80 cents compared with the earlier forecast of 70-95 cents.
For the Aaron’s business, revenues are still expected in the range of $1.50-$1.57 billion. Adjusted EBITDA is likely to be in the band of $170-$185 million.
For BrandsMart, revenues are now anticipated in the range of $615-$645 million, lower than $645-$675 million expected previously. Adjusted EBITDA is forecast in the range of $12.5-$17.5 million.
Shares of this Zacks Rank #4 (Sell) company have gained 29.2% in the past three months against the industry’s 0.1% decline.
Three Solid Picks
Here we have highlighted three top-ranked stocks, namely, Ralph Lauren Corporation RL, Skechers U.S.A., Inc. SKX and Deckers Outdoor Corporation DECK, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Ralph Lauren, a footwear and accessories dealer, has a trailing four-quarter earnings surprise of 17.4%, on average. The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales and EPS suggests growth of 2.8% and 13.1%, respectively, from the year-ago corresponding figures.
Skechers designs, develops, markets and distributes footwear for men, women and children. It has a trailing four-quarter earnings surprise of 39.1%, on average. The Zacks Consensus Estimate for SKX’s current financial-year sales and EPS suggests growth of 8.8% and 34.9%, respectively, from the year-ago reported numbers.
Deckers Outdoor, a footwear dealer, has a trailing four-quarter earnings surprise of 13.6%, on average. The Zacks Consensus Estimate for Deckers Outdoor’s current financial-year sales and EPS suggests growth of 9.1% and 14.2%, respectively, from the year-ago corresponding figures.
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The Aaron's Company, Inc. (AAN) : Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Consensus Estimate for Deckers Outdoor’s current financial-year sales and EPS suggests growth of 9.1% and 14.2%, respectively, from the year-ago corresponding figures. Three Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren Corporation RL, Skechers U.S.A., Inc. SKX and Deckers Outdoor Corporation DECK, each carrying a Zacks Rank #2 (Buy) at present. Deckers Outdoor, a footwear dealer, has a trailing four-quarter earnings surprise of 13.6%, on average.
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Click to get this free report The Aaron's Company, Inc. (AAN) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report To read this article on Zacks.com click here. Three Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren Corporation RL, Skechers U.S.A., Inc. SKX and Deckers Outdoor Corporation DECK, each carrying a Zacks Rank #2 (Buy) at present. Deckers Outdoor, a footwear dealer, has a trailing four-quarter earnings surprise of 13.6%, on average.
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Click to get this free report The Aaron's Company, Inc. (AAN) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report To read this article on Zacks.com click here. Three Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren Corporation RL, Skechers U.S.A., Inc. SKX and Deckers Outdoor Corporation DECK, each carrying a Zacks Rank #2 (Buy) at present. Deckers Outdoor, a footwear dealer, has a trailing four-quarter earnings surprise of 13.6%, on average.
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Three Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren Corporation RL, Skechers U.S.A., Inc. SKX and Deckers Outdoor Corporation DECK, each carrying a Zacks Rank #2 (Buy) at present. Deckers Outdoor, a footwear dealer, has a trailing four-quarter earnings surprise of 13.6%, on average. The Zacks Consensus Estimate for Deckers Outdoor’s current financial-year sales and EPS suggests growth of 9.1% and 14.2%, respectively, from the year-ago corresponding figures.
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2023-07-31 00:00:00 UTC
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3 Cheap Growth Stocks That Smart Investors Will Snap Up Now
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DECK
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https://www.nasdaq.com/articles/3-cheap-growth-stocks-that-smart-investors-will-snap-up-now
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Earnings season is in full swing, and so far, the quarterly prints have been better than expected. With nearly half of the companies in the S&P 500 index having reported their second-quarter results, 80% have exceeded Wall Street consensus forecasts for their earnings per share, according to a report from JPMorgan Chase (NYSE:JPM).
That’s impressive considering that most economists and analysts were predicting that we’d be in the midst of a recession right now. The strong earnings season has further bolstered stocks, with all major indices in the U.S. continuing to rise.
The Dow Jones Industrial Average narrowly missed beating its all-time win streak, the benchmark S&P 500 is near an all-time high, and the tech-laden Nasdaq has led the march higher this year having gained 38% since January.
The momentum in equity markets is expected to continue in the coming months, making now a good time for investors to put capital to work. Here are three cheap growth stocks that smart investors will snap up now.
Deckers Outdoor (DECK)
Source: BalkansCat / Shutterstock
Shoemaker Deckers Outdoor (NYSE:DECK) is a growth stock that seems unstoppable right now. The company behind Uggs, Teva sandals, and the increasingly popular HOKA running shoes just blew the doors off with its second-quarter earnings. Deckers said it earned $2.41 a share in Q2, which beat analysts’ consensus forecasts for earnings of $2.22 by 19 cents. The latest earnings per share (EPS) were up 45% from the year-earlier quarter.
The company’s net sales rose 10% year-over-year in Q2 to $675.8 million, beating Wall Street estimates of $667 million. The growth was primarily driven by HOKA running shoes, whose sales grew 27% in the quarter.
DECK stock has been on a tear, rising 39% this year, 70% over the last 12 months, and 370% through five years. Analysts see more runway ahead. The median price target on the stock among 17 analysts who track the company is 15% higher than the current levels. The stock currently trades at 26 times future earnings which is reasonable.
Hershey (HSY)
Source: shutterstock.com/VG Foto
Chocolate maker Hershey (NYSE:HSY) just announced better-than-expected second-quarter earnings, raised its forward guidance, and increased its quarterly dividend payment to stockholders by 15% to $1.19 a share.
The Pennsylvania-based company, which sells nearly $10 billion worth of chocolate each year, reported a Q2 profit of $407 million, or $1.98 a share, up nearly 30% from $316 million, or $1.53 per share, a year earlier. Analysts had been calling for Q2 earnings of $1.89 a share.
Revenue in the quarter came in at $2.49 billion, which was basically in line with analyst forecasts of $2.50 billion. Looking ahead, Hershey lifted its guidance, saying it expects full-year earnings per share in a range of $9.46 to $9.54 a share.
As for the dividend, the new payout will be made to shareholders of record as of August 18 and payable on September 15. Founded in 1894, Hershey has paid an uninterrupted dividend to its shareholders since 1930. Despite all the good news, HSY stock is up only 2% this year. Time to buy.
Ford Motor Co. (F)
Source: Ford
Ford Motor Co. (NYSE:F) just crushed its second-quarter earnings. Unfortunately, the strong print was completely overshadowed by news that the Detroit automaker is recalling 870,000 F-150 pick-up trucks and it has pushed back the timing of its electric vehicle (EV) rollout.
Ford announced EPS of 72 cents compared to the 55 cents that was expected on Wall Street. Revenue in the April through June period totaled $42.43 billion versus $40.38 billion which was expected among analysts.
Ford also increased its full-year earnings guidance to a range between $11 billion to $12 billion, up from a previous forecast of $9 billion to $11 billion. By all accounts, the Q2 earnings were stellar.
Sadly though, Ford also announced that it is recalling 870,701 trucks made between 2021 and 2023 due to the risk of an unexpected activation of the electric parking brake. And the automaker now expects to be building EVs at a rate of 600,000 per year sometime in 2024, a delay from earlier estimates that it would reach that target by the end of this year.
The negative news led F stock to fall more than 3% immediately after the great quarterly results were announced. Ford’s share price is now down 15% over the last 12 months. The stock is currently trading at 8 times future earnings, which is reasonable. And the company pays a quarterly dividend that yields a strong 4.58%. This is a buy-the-dip opportunity.
On the date of publication, Joel Baglole held long positions in DECK and HSY. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
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The post 3 Cheap Growth Stocks That Smart Investors Will Snap Up Now appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor (DECK) Source: BalkansCat / Shutterstock Shoemaker Deckers Outdoor (NYSE:DECK) is a growth stock that seems unstoppable right now. Deckers said it earned $2.41 a share in Q2, which beat analysts’ consensus forecasts for earnings of $2.22 by 19 cents. DECK stock has been on a tear, rising 39% this year, 70% over the last 12 months, and 370% through five years.
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Deckers Outdoor (DECK) Source: BalkansCat / Shutterstock Shoemaker Deckers Outdoor (NYSE:DECK) is a growth stock that seems unstoppable right now. Deckers said it earned $2.41 a share in Q2, which beat analysts’ consensus forecasts for earnings of $2.22 by 19 cents. DECK stock has been on a tear, rising 39% this year, 70% over the last 12 months, and 370% through five years.
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Deckers Outdoor (DECK) Source: BalkansCat / Shutterstock Shoemaker Deckers Outdoor (NYSE:DECK) is a growth stock that seems unstoppable right now. Deckers said it earned $2.41 a share in Q2, which beat analysts’ consensus forecasts for earnings of $2.22 by 19 cents. DECK stock has been on a tear, rising 39% this year, 70% over the last 12 months, and 370% through five years.
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Deckers Outdoor (DECK) Source: BalkansCat / Shutterstock Shoemaker Deckers Outdoor (NYSE:DECK) is a growth stock that seems unstoppable right now. Deckers said it earned $2.41 a share in Q2, which beat analysts’ consensus forecasts for earnings of $2.22 by 19 cents. DECK stock has been on a tear, rising 39% this year, 70% over the last 12 months, and 370% through five years.
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723763.0
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2023-07-31 00:00:00 UTC
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Stepping Up: Skechers' Strong Q2 Boosts Investor Confidence
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DECK
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https://www.nasdaq.com/articles/stepping-up%3A-skechers-strong-q2-boosts-investor-confidence
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Shares of Skechers U.S.A. Inc. (NYSE: SKX) were off to the races on July 28 on the heels of a better-than-expected first quarter.
The company designs and manufactures footwear, including sneakers, sandals, and casual shoes, as well as casual clothing and accessories. It’s known for shoes that are comfortable while also being stylish. Innovation is also a key tenet of Skechers’ value proposition.
The stock gapped higher and rallied to fresh heights. As you’d expect with a gap-up, trading volume was heavier than normal.
With the post-earnings price move, the stock was in the buy range, having cleared a flat base buy point above $54.77. When stock gaps higher, investors should avoid chasing it too far and instead try to nab it within 5% of its price within five minutes of the gap up.
In the case of Skechers, that price would be $54.68, where it was trading five minutes after the open on July 28.
Running Past Analysts' Views
In the second quarter, net income rose by 41% to 98 cents a share. Revenue came in at $2.012 billion, up 8%. MarketBeat’s Skechers earnings data show the company trouncing top and bottom line views. In each of the past three quarters, Skechers easily ran past Wall Street forecasts.
Revenue in the second quarter marked the company’s highest ever.
Even with the solid headline numbers, there were some mixed results.
Despite a 4.6% sales decrease domestically, international sales picked up the slack, growing by 17.9%.
Direct-to-consumer sales increased by 29.1%, while wholesale decreased by 5.9%.
But the company anticipates more growth ahead: For the current quarter, it guided towards earnings in a range between 70 and 75 cents a share on revenue of $1.95 billion to $2 billion.
That lines up with Wall Street’s revenue views but falls significantly below the consensus net income view of 92 cents a share.
What's Driving The Uptrend?
So why are investors racing to snap up shares?
Their enthusiasm has more to do with the company’s full-year forecast.
For 2023, Skechers expects earnings between $3.25 to $3.40 a share, with revenue ranging from $7.95 billion to $8.1 billion.
Analysts boosted their earnings target to $3.30 a share, below the midpoint of that range. That would be a gain of 34% over 2022. Next year, Wall Street has pegged earnings growth at 18%, to $3.95 a share.
There was more for investors to like about the second-quarter report.
The company’s gross margin is 52.7%, driven primarily by a higher proportion of direct-to-consumer sales.
In the earnings release, chief operating officer David Weinberg said, “We were able to deliver our product more effectively and improve our inventory levels, which enabled the robust sales.”
$10 Billion By 2026
He added that Skechers is maintaining its goal of $10 billion in annual sales by 2026, and that the company remains focused on improving distribution efficiencies, developing new categories, enhancing its direct-to-consumer segment, and further expanding international business.
One move in that direction was the recent acquisition of the company’s third-party Scandinavian distributor, Sports Connection Holding. The purchase included 58 existing Skechers retail locations.
Skechers is among the best price performers in the footwear industry. The top stocks are from the athletic and casual shoe industries, including On Holding AG (NYSE: ONON) and Deckers Outdoor Corp. (NYSE: DECK).
Analysts See More Upside
MarketBeat’s Skechers analyst ratings show a consensus view of “moderate-buy” with a price target of $58.83. That’s an upside of 4.91%, which seems reasonable following the July 28 gap-up.
But investors should keep in mind: When a stock gaps higher on news, including an earnings report, that’s frequently a sign that more buying could lie ahead, as big institutions are beginning to amass what could be a larger stake.
Immediately after the second-quarter results, eight analysts boosted their price targets on Skechers.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top stocks are from the athletic and casual shoe industries, including On Holding AG (NYSE: ONON) and Deckers Outdoor Corp. (NYSE: DECK). MarketBeat’s Skechers earnings data show the company trouncing top and bottom line views. In the earnings release, chief operating officer David Weinberg said, “We were able to deliver our product more effectively and improve our inventory levels, which enabled the robust sales.” $10 Billion By 2026 He added that Skechers is maintaining its goal of $10 billion in annual sales by 2026, and that the company remains focused on improving distribution efficiencies, developing new categories, enhancing its direct-to-consumer segment, and further expanding international business.
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The top stocks are from the athletic and casual shoe industries, including On Holding AG (NYSE: ONON) and Deckers Outdoor Corp. (NYSE: DECK). In each of the past three quarters, Skechers easily ran past Wall Street forecasts. Analysts See More Upside MarketBeat’s Skechers analyst ratings show a consensus view of “moderate-buy” with a price target of $58.83.
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The top stocks are from the athletic and casual shoe industries, including On Holding AG (NYSE: ONON) and Deckers Outdoor Corp. (NYSE: DECK). But the company anticipates more growth ahead: For the current quarter, it guided towards earnings in a range between 70 and 75 cents a share on revenue of $1.95 billion to $2 billion. For 2023, Skechers expects earnings between $3.25 to $3.40 a share, with revenue ranging from $7.95 billion to $8.1 billion.
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The top stocks are from the athletic and casual shoe industries, including On Holding AG (NYSE: ONON) and Deckers Outdoor Corp. (NYSE: DECK). That lines up with Wall Street’s revenue views but falls significantly below the consensus net income view of 92 cents a share. For 2023, Skechers expects earnings between $3.25 to $3.40 a share, with revenue ranging from $7.95 billion to $8.1 billion.
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c8ef9677-7abe-452d-ab33-66217f1dcaf1
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723764.0
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2023-07-29 00:00:00 UTC
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UBS Maintains Deckers Outdoor (DECK) Buy Recommendation
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DECK
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https://www.nasdaq.com/articles/ubs-maintains-deckers-outdoor-deck-buy-recommendation-1
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nan
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nan
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Fintel reports that on July 28, 2023, UBS maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation.
Analyst Price Forecast Suggests 1.25% Upside
As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The forecasts range from a low of 398.95 to a high of $640.50. The average price target represents an increase of 1.25% from its latest reported closing price of 534.06.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%. The projected annual non-GAAP EPS is 22.00.
What is the Fund Sentiment?
There are 1183 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 123 owner(s) or 11.60% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.42%, a decrease of 5.35%. Total shares owned by institutions decreased in the last three months by 4.58% to 30,069K shares.
The put/call ratio of DECK is 0.94, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 817K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 805K shares, representing an increase of 1.45%. The firm increased its portfolio allocation in DECK by 5.53% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 813K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 817K shares, representing a decrease of 0.51%. The firm increased its portfolio allocation in DECK by 7.24% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 735K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 743K shares, representing a decrease of 1.03%. The firm increased its portfolio allocation in DECK by 6.56% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 690K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 682K shares, representing an increase of 1.16%. The firm increased its portfolio allocation in DECK by 9.37% over the last quarter.
FDGRX - Fidelity Growth Company Fund holds 597K shares representing 2.29% ownership of the company. In it's prior filing, the firm reported owning 598K shares, representing a decrease of 0.08%. The firm increased its portfolio allocation in DECK by 1.37% over the last quarter.
Deckers Outdoor Background Information
(This description is provided by the company.)
Deckers Outdoor Corporation, doing business as Deckers Brands, is a footwear designer and distributor based in Goleta, California, United States. It was founded in 1973 by University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker.
Additional reading:
DECKERS BRANDS REPORTS FIRST QUARTER FISCAL 2024 FINANCIAL RESULTS
Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan
Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202
Form of Restricted Stock Unit Award Agreement under Decker
Subsidiaries of Registrant
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on July 28, 2023, UBS maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 1.25% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%.
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Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant This story originally appeared on Fintel. Fintel reports that on July 28, 2023, UBS maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 1.25% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant This story originally appeared on Fintel. Fintel reports that on July 28, 2023, UBS maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 1.25% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%. There are 1183 funds or institutions reporting positions in Deckers Outdoor. Fintel reports that on July 28, 2023, UBS maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation.
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bb7da23f-c2a3-400f-a1b7-2403ac4bc44a
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723765.0
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2023-07-29 00:00:00 UTC
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BTIG Maintains Deckers Outdoor (DECK) Buy Recommendation
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DECK
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https://www.nasdaq.com/articles/btig-maintains-deckers-outdoor-deck-buy-recommendation-1
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nan
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nan
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Fintel reports that on July 28, 2023, BTIG maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation.
Analyst Price Forecast Suggests 1.25% Upside
As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The forecasts range from a low of 398.95 to a high of $640.50. The average price target represents an increase of 1.25% from its latest reported closing price of 534.06.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%. The projected annual non-GAAP EPS is 22.00.
What is the Fund Sentiment?
There are 1183 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 123 owner(s) or 11.60% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.42%, a decrease of 5.35%. Total shares owned by institutions decreased in the last three months by 4.58% to 30,069K shares.
The put/call ratio of DECK is 0.94, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 817K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 805K shares, representing an increase of 1.45%. The firm increased its portfolio allocation in DECK by 5.53% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 813K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 817K shares, representing a decrease of 0.51%. The firm increased its portfolio allocation in DECK by 7.24% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 735K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 743K shares, representing a decrease of 1.03%. The firm increased its portfolio allocation in DECK by 6.56% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 690K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 682K shares, representing an increase of 1.16%. The firm increased its portfolio allocation in DECK by 9.37% over the last quarter.
FDGRX - Fidelity Growth Company Fund holds 597K shares representing 2.29% ownership of the company. In it's prior filing, the firm reported owning 598K shares, representing a decrease of 0.08%. The firm increased its portfolio allocation in DECK by 1.37% over the last quarter.
Deckers Outdoor Background Information
(This description is provided by the company.)
Deckers Outdoor Corporation, doing business as Deckers Brands, is a footwear designer and distributor based in Goleta, California, United States. It was founded in 1973 by University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker.
Additional reading:
DECKERS BRANDS REPORTS FIRST QUARTER FISCAL 2024 FINANCIAL RESULTS
Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan
Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202
Form of Restricted Stock Unit Award Agreement under Decker
Subsidiaries of Registrant
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on July 28, 2023, BTIG maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 1.25% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%.
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Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant This story originally appeared on Fintel. Fintel reports that on July 28, 2023, BTIG maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 1.25% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant This story originally appeared on Fintel. Fintel reports that on July 28, 2023, BTIG maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 1.25% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%. There are 1183 funds or institutions reporting positions in Deckers Outdoor. Fintel reports that on July 28, 2023, BTIG maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation.
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bcc8d8ff-aeb0-4573-9006-6087a34c203b
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723766.0
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2023-07-29 00:00:00 UTC
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Stifel Maintains Deckers Outdoor (DECK) Buy Recommendation
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DECK
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https://www.nasdaq.com/articles/stifel-maintains-deckers-outdoor-deck-buy-recommendation-0
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nan
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nan
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Fintel reports that on July 28, 2023, Stifel maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation.
Analyst Price Forecast Suggests 1.25% Upside
As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The forecasts range from a low of 398.95 to a high of $640.50. The average price target represents an increase of 1.25% from its latest reported closing price of 534.06.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%. The projected annual non-GAAP EPS is 22.00.
What is the Fund Sentiment?
There are 1183 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 123 owner(s) or 11.60% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.42%, a decrease of 5.35%. Total shares owned by institutions decreased in the last three months by 4.58% to 30,069K shares.
The put/call ratio of DECK is 0.94, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 817K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 805K shares, representing an increase of 1.45%. The firm increased its portfolio allocation in DECK by 5.53% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 813K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 817K shares, representing a decrease of 0.51%. The firm increased its portfolio allocation in DECK by 7.24% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 735K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 743K shares, representing a decrease of 1.03%. The firm increased its portfolio allocation in DECK by 6.56% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 690K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 682K shares, representing an increase of 1.16%. The firm increased its portfolio allocation in DECK by 9.37% over the last quarter.
FDGRX - Fidelity Growth Company Fund holds 597K shares representing 2.29% ownership of the company. In it's prior filing, the firm reported owning 598K shares, representing a decrease of 0.08%. The firm increased its portfolio allocation in DECK by 1.37% over the last quarter.
Deckers Outdoor Background Information
(This description is provided by the company.)
Deckers Outdoor Corporation, doing business as Deckers Brands, is a footwear designer and distributor based in Goleta, California, United States. It was founded in 1973 by University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker.
Additional reading:
DECKERS BRANDS REPORTS FIRST QUARTER FISCAL 2024 FINANCIAL RESULTS
Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan
Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202
Form of Restricted Stock Unit Award Agreement under Decker
Subsidiaries of Registrant
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on July 28, 2023, Stifel maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 1.25% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%.
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Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant This story originally appeared on Fintel. Fintel reports that on July 28, 2023, Stifel maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 1.25% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant This story originally appeared on Fintel. Fintel reports that on July 28, 2023, Stifel maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 1.25% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%. There are 1183 funds or institutions reporting positions in Deckers Outdoor. Fintel reports that on July 28, 2023, Stifel maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation.
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69c13753-dda7-4f52-8947-5523439c9fac
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723767.0
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2023-07-28 00:00:00 UTC
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Compared to Estimates, Deckers (DECK) Q1 Earnings: A Look at Key Metrics
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DECK
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https://www.nasdaq.com/articles/compared-to-estimates-deckers-deck-q1-earnings%3A-a-look-at-key-metrics
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For the quarter ended June 2023, Deckers (DECK) reported revenue of $675.79 million, up 10% over the same period last year. EPS came in at $2.41, compared to $1.66 in the year-ago quarter.
The reported revenue represents a surprise of +1.25% over the Zacks Consensus Estimate of $667.44 million. With the consensus EPS estimate being $2.22, the EPS surprise was +8.56%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Deckers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net sales by brand and channel- Teva brands- Total: $48.40 million versus the five-analyst average estimate of $60.18 million. The reported number represents a year-over-year change of -18.8%.
Net sales by brand and channel- UGG brand- Total: $195.50 million compared to the $194.36 million average estimate based on five analysts. The reported number represents a change of -6% year over year.
Net sales by brand and channel- Sanuk brands- Total: $9.60 million versus $13.64 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -32.4% change.
Net sales by brand and channel- Other brands- Total: $1.80 million versus $2.48 million estimated by four analysts on average.
Net sales by brand and channel- HOKA brand- Total: $420.50 million versus the four-analyst average estimate of $394.18 million. The reported number represents a year-over-year change of +27.4%.
View all Key Company Metrics for Deckers here>>>
Shares of Deckers have returned +4.5% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here is how Deckers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net sales by brand and channel- Teva brands- Total: $48.40 million versus the five-analyst average estimate of $60.18 million. For the quarter ended June 2023, Deckers (DECK) reported revenue of $675.79 million, up 10% over the same period last year. View all Key Company Metrics for Deckers here>>>
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Here is how Deckers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net sales by brand and channel- Teva brands- Total: $48.40 million versus the five-analyst average estimate of $60.18 million. For the quarter ended June 2023, Deckers (DECK) reported revenue of $675.79 million, up 10% over the same period last year. View all Key Company Metrics for Deckers here>>>
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Here is how Deckers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net sales by brand and channel- Teva brands- Total: $48.40 million versus the five-analyst average estimate of $60.18 million. For the quarter ended June 2023, Deckers (DECK) reported revenue of $675.79 million, up 10% over the same period last year. View all Key Company Metrics for Deckers here>>>
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Here is how Deckers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net sales by brand and channel- Teva brands- Total: $48.40 million versus the five-analyst average estimate of $60.18 million. For the quarter ended June 2023, Deckers (DECK) reported revenue of $675.79 million, up 10% over the same period last year. View all Key Company Metrics for Deckers here>>>
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fda1501a-3d47-429e-bdc9-99552091c365
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723768.0
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2023-07-28 00:00:00 UTC
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Telsey Advisory Group Reiterates Deckers Outdoor (DECK) Outperform Recommendation
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DECK
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https://www.nasdaq.com/articles/telsey-advisory-group-reiterates-deckers-outdoor-deck-outperform-recommendation-0
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nan
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nan
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Fintel reports that on July 28, 2023, Telsey Advisory Group reiterated coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation.
Analyst Price Forecast Suggests 0.69% Upside
As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The forecasts range from a low of 398.95 to a high of $640.50. The average price target represents an increase of 0.69% from its latest reported closing price of 537.02.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%. The projected annual non-GAAP EPS is 22.00.
What is the Fund Sentiment?
There are 1176 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 121 owner(s) or 11.47% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.42%, a decrease of 5.32%. Total shares owned by institutions decreased in the last three months by 4.46% to 30,064K shares.
The put/call ratio of DECK is 0.94, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 817K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 805K shares, representing an increase of 1.45%. The firm increased its portfolio allocation in DECK by 5.53% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 813K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 817K shares, representing a decrease of 0.51%. The firm increased its portfolio allocation in DECK by 7.24% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 735K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 743K shares, representing a decrease of 1.03%. The firm increased its portfolio allocation in DECK by 6.56% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 690K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 682K shares, representing an increase of 1.16%. The firm increased its portfolio allocation in DECK by 9.37% over the last quarter.
FDGRX - Fidelity Growth Company Fund holds 597K shares representing 2.29% ownership of the company. In it's prior filing, the firm reported owning 598K shares, representing a decrease of 0.08%. The firm increased its portfolio allocation in DECK by 1.37% over the last quarter.
Deckers Outdoor Background Information
(This description is provided by the company.)
Deckers Outdoor Corporation, doing business as Deckers Brands, is a footwear designer and distributor based in Goleta, California, United States. It was founded in 1973 by University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker.
Additional reading:
DECKERS BRANDS REPORTS FIRST QUARTER FISCAL 2024 FINANCIAL RESULTS
Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan
Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202
Form of Restricted Stock Unit Award Agreement under Decker
Subsidiaries of Registrant
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on July 28, 2023, Telsey Advisory Group reiterated coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 0.69% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 8.04%.
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Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant This story originally appeared on Fintel. Fintel reports that on July 28, 2023, Telsey Advisory Group reiterated coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 0.69% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant This story originally appeared on Fintel. Fintel reports that on July 28, 2023, Telsey Advisory Group reiterated coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 0.69% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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Analyst Price Forecast Suggests 0.69% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. There are 1176 funds or institutions reporting positions in Deckers Outdoor. Fintel reports that on July 28, 2023, Telsey Advisory Group reiterated coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation.
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2023-07-28 00:00:00 UTC
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Deckers (DECK) Q1 Earnings & Sales Beat, FY24 EPS View Rises
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DECK
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https://www.nasdaq.com/articles/deckers-deck-q1-earnings-sales-beat-fy24-eps-view-rises
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nan
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Deckers Outdoor Corporation DECK reported first-quarter fiscal 2024 results, wherein the top and bottom lines outpaced the Zacks Consensus Estimate and compared favorably with the year-ago quarter’s reported numbers. As a result, management raised the sales and earnings view for fiscal 2024.
Quarterly results were backed by strength in the HOKA ONE ONE brand, as well as solid gains from the direct-to-consumer (DTC) channels. Growth in brands, strong balance sheet and a stable operating model poise Deckers well for success. Over the long term, management is focused on key drivers, which include building HOKA to a $1-billion plus brand, growing the UGG brand, driving DTC business via consumer acquisition and retention, and scaling international markets to boost growth.
Shares of this Goleta, CA-based company have risen 10.6% in the past three months against the industry’s 11.9% decline.
Let’s Delve Deeper
Deckers delivered quarterly earnings of $2.41 per share, which surpassed the Zacks Consensus Estimate of earnings of $2.22 per share. The reported figure increased nearly 45% from the year-ago quarter’s earnings of $1.66 per share.
Deckers Outdoor Corporation Price, Consensus and EPS Surprise
Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote
Net sales of this Zacks Rank #3 (Hold) company rose 10% year over year to $675.8 million and outpaced the consensus estimate of $667 million. On a constant-currency basis, net sales grew 11.1%. Top-line growth was driven by the global HOKA brand expanding 27%, global DTC rising 35% to account for 37% of the portfolio revenues, and international UGG generating solid growth. The UGG DTC business also witnessed growth, backed by more than 20% increase internationally.
Gross margins for the quarter were 51.3%, up 330 basis points from last year's 48%. This was buoyed by lower freight costs, a higher mix of the HOKA brand’s revenues and an increased mix of DTC business, slightly offset by adverse foreign currency exchange rates and select closeouts of the seasonal inventory.
SG&A expenses climbed 15.6% year over year to $275.7 million. This was driven by reinvestment in major areas of the business, including strategic marketing, supply-chain footprint, enhanced e-commerce capabilities and talent across the organization.
The company’s operating income came in at $70.7 million, up 25.6% from the year-ago quarter. The operating margin increased 130 basis points to 10.5%.
Brand-Wise Discussion
HOKA brand’s net sales climbed 27.4% to $420.5 million. UGG brand’s net sales dipped 6% to $195.5 million. Teva brand’s net sales decreased 18.8% to $48.4 million.
Net sales for the Sanuk brand declined 32.3% to $9.6 million. Net sales for Other brands, mainly comprising Koolaburra, fell 33.9% to $1.8 million.
The consensus mark for sales at the UGG and Sanuk brands is currently pegged at $197.6 million and $14 million, respectively. These show corresponding year-over-year declines of 5% and 1.2%. However, our consensus estimate for the HOKA brand presently stands at $392.2 million, representing growth of 18.8% year over year.
Channel & Geography-Wise Discussion
Wholesale net sales dipped 0.9% year over year to $425.4 million. DTC net sales rose 35.3% to $250.4 million, while comparable DTC net sales jumped 33.4%.
Domestic net sales increased 9.1% year over year to $419.5 million, while International net sales rose 11.4% to $256.3 million.
Other Financial Aspects
Cash and cash equivalents stood at $1,046.9 million as of Jun 30, 2023, compared with $695.2 million as of Jun 30, 2022. The company ended the quarter with total stockholders’ equity of $1,802.1 million. There were no outstanding borrowings.
During the quarter, the company repurchased about 52 thousand shares for $25.5 million. As of Jun 30, 2023, the company had $1.331 billion remaining under its share repurchase authorization.
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A Sneak Peek Into Outlook
Deckers envisions fiscal 2024 net sales of about $3.980 billion, up from the earlier projection of $3.950 billion. This suggests an increase of about 10% from the $3.627 billion reported in fiscal 2023. This growth is likely to be driven by the HOKA brand as it continues to outpace expectations in DTC.
HOKA brand is expected to rise more than 20% in fiscal 2024, with most of the increase likely to come from the brand's DTC business. UGG’s revenues are anticipated to rise in the low single-digits, backed by international expansion and gains from DTC.
The gross margin is still anticipated to be approximately 52%, representing more than 150 basis point improvement compared to the last year. SG&A expenses, as a percentage of sales, are projected at about 34%, while the operating margin is expected to be about 18%. The company expects the effective tax rate to be approximately 22-23%.
Deckers now expects fiscal 2024 earnings in the band of $21.75-$22.25 per share, up from the $21.10-$21.60 per share projected earlier. The current view compares favorably with the earnings of $19.37 per share reported in fiscal 2023.
Key Picks
Some better-ranked companies are Royal Caribbean RCL, lululemon athletica LULU and Ralph Lauren RL.
Royal Caribbean sports a Zacks Rank #1 (Strong Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
RCL has a trailing four-quarter earnings surprise of 26.4%, on average. The Zacks Consensus Estimate for RCL’s 2023 sales and earnings per share (EPS) indicates increases of 48.7% and 162.9%, respectively, from the year-ago period’s reported levels.
lululemon athletica is a yoga-inspired athletic apparel company. LULU carries a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for lululemon athletica’s current financial-year sales and EPS suggests growth of 17.1% and 18.4%, respectively, from the year-ago corresponding figures. LULU has a trailing four-quarter earnings surprise of 9.9%, on average.
Ralph Lauren, a footwear and accessories dealer, has a Zacks Rank of 2 at present. RL has a trailing four-quarter earnings surprise of 17.4%, on average.
The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales and EPS suggests growth of 2.8% and 13.1%, respectively, from the year-ago corresponding figures.
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Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
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lululemon athletica inc. (LULU) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corporation DECK reported first-quarter fiscal 2024 results, wherein the top and bottom lines outpaced the Zacks Consensus Estimate and compared favorably with the year-ago quarter’s reported numbers. Growth in brands, strong balance sheet and a stable operating model poise Deckers well for success. Let’s Delve Deeper Deckers delivered quarterly earnings of $2.41 per share, which surpassed the Zacks Consensus Estimate of earnings of $2.22 per share.
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Deckers Outdoor Corporation DECK reported first-quarter fiscal 2024 results, wherein the top and bottom lines outpaced the Zacks Consensus Estimate and compared favorably with the year-ago quarter’s reported numbers. Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote Net sales of this Zacks Rank #3 (Hold) company rose 10% year over year to $675.8 million and outpaced the consensus estimate of $667 million. Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote Net sales of this Zacks Rank #3 (Hold) company rose 10% year over year to $675.8 million and outpaced the consensus estimate of $667 million. Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK reported first-quarter fiscal 2024 results, wherein the top and bottom lines outpaced the Zacks Consensus Estimate and compared favorably with the year-ago quarter’s reported numbers.
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Deckers Outdoor Corporation DECK reported first-quarter fiscal 2024 results, wherein the top and bottom lines outpaced the Zacks Consensus Estimate and compared favorably with the year-ago quarter’s reported numbers. Growth in brands, strong balance sheet and a stable operating model poise Deckers well for success. Let’s Delve Deeper Deckers delivered quarterly earnings of $2.41 per share, which surpassed the Zacks Consensus Estimate of earnings of $2.22 per share.
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2023-07-27 00:00:00 UTC
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Deckers (DECK) Surpasses Q1 Earnings and Revenue Estimates
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https://www.nasdaq.com/articles/deckers-deck-surpasses-q1-earnings-and-revenue-estimates
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Deckers (DECK) came out with quarterly earnings of $2.41 per share, beating the Zacks Consensus Estimate of $2.22 per share. This compares to earnings of $1.66 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 8.56%. A quarter ago, it was expected that this maker of Ugg footwear would post earnings of $2.61 per share when it actually produced earnings of $3.46, delivering a surprise of 32.57%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $675.79 million for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 1.25%. This compares to year-ago revenues of $614.46 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Deckers shares have added about 39.8% since the beginning of the year versus the S&P 500's gain of 18.9%.
What's Next for Deckers?
While Deckers has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Deckers: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $4.33 on $952.06 million in revenues for the coming quarter and $21.76 on $3.96 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Shoes and Retail Apparel is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Rocky Brands (RCKY), has yet to report results for the quarter ended June 2023. The results are expected to be released on August 1.
This footwear company is expected to post quarterly loss of $0.25 per share in its upcoming report, which represents a year-over-year change of -173.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Rocky Brands' revenues are expected to be $103.8 million, down 35.9% from the year-ago quarter.
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Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Rocky Brands, Inc. (RCKY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers (DECK) came out with quarterly earnings of $2.41 per share, beating the Zacks Consensus Estimate of $2.22 per share. Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $675.79 million for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 1.25%. Deckers shares have added about 39.8% since the beginning of the year versus the S&P 500's gain of 18.9%.
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Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $675.79 million for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 1.25%. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Rocky Brands, Inc. (RCKY) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers (DECK) came out with quarterly earnings of $2.41 per share, beating the Zacks Consensus Estimate of $2.22 per share.
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Deckers (DECK) came out with quarterly earnings of $2.41 per share, beating the Zacks Consensus Estimate of $2.22 per share. Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $675.79 million for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 1.25%. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Rocky Brands, Inc. (RCKY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Deckers (DECK) came out with quarterly earnings of $2.41 per share, beating the Zacks Consensus Estimate of $2.22 per share. Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $675.79 million for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 1.25%. Deckers shares have added about 39.8% since the beginning of the year versus the S&P 500's gain of 18.9%.
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2023-07-27 00:00:00 UTC
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Deckers Outdoor Corp Reveals Increase In Q1 Profit, Beats estimates
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https://www.nasdaq.com/articles/deckers-outdoor-corp-reveals-increase-in-q1-profit-beats-estimates
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(RTTNews) - Deckers Outdoor Corp (DECK) revealed a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $63.55 million, or $2.41 per share. This compares with $44.85 million, or $1.66 per share, in last year's first quarter.
Analysts on average had expected the company to earn $2.22 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 9.9% to $675 million from $614 million last year.
Deckers Outdoor Corp earnings at a glance (GAAP) :
-Earnings (Q1): $63.55 Mln. vs. $44.85 Mln. last year. -EPS (Q1): $2.41 vs. $1.66 last year. -Analyst Estimate: $2.22 -Revenue (Q1): $675 Mln vs. $614 Mln last year.
-Guidance: Full year EPS guidance: $21.75-$22.25 Full year revenue guidance: $3.980 Bln
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deckers Outdoor Corp (DECK) revealed a profit for its first quarter that increased from last year and beat the Street estimates. Deckers Outdoor Corp earnings at a glance (GAAP) : -Earnings (Q1): $63.55 Mln. Analysts on average had expected the company to earn $2.22 per share, according to figures compiled by Thomson Reuters.
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Deckers Outdoor Corp earnings at a glance (GAAP) : -Earnings (Q1): $63.55 Mln. (RTTNews) - Deckers Outdoor Corp (DECK) revealed a profit for its first quarter that increased from last year and beat the Street estimates. -Analyst Estimate: $2.22 -Revenue (Q1): $675 Mln vs. $614 Mln last year.
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(RTTNews) - Deckers Outdoor Corp (DECK) revealed a profit for its first quarter that increased from last year and beat the Street estimates. Deckers Outdoor Corp earnings at a glance (GAAP) : -Earnings (Q1): $63.55 Mln. The company's revenue for the quarter rose 9.9% to $675 million from $614 million last year.
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Deckers Outdoor Corp earnings at a glance (GAAP) : -Earnings (Q1): $63.55 Mln. (RTTNews) - Deckers Outdoor Corp (DECK) revealed a profit for its first quarter that increased from last year and beat the Street estimates. The company's bottom line came in at $63.55 million, or $2.41 per share.
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2023-07-26 00:00:00 UTC
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TD Cowen Maintains Deckers Outdoor (DECK) Outperform Recommendation
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https://www.nasdaq.com/articles/td-cowen-maintains-deckers-outdoor-deck-outperform-recommendation
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Fintel reports that on July 25, 2023, TD Cowen maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation.
Analyst Price Forecast Suggests 2.63% Downside
As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The forecasts range from a low of 398.95 to a high of $640.50. The average price target represents a decrease of 2.63% from its latest reported closing price of 555.35.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%. The projected annual non-GAAP EPS is 22.00.
What is the Fund Sentiment?
There are 1168 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 110 owner(s) or 10.40% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.42%, a decrease of 4.01%. Total shares owned by institutions decreased in the last three months by 4.75% to 30,040K shares.
The put/call ratio of DECK is 1.01, indicating a bearish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 817K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 805K shares, representing an increase of 1.45%. The firm increased its portfolio allocation in DECK by 5.53% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 813K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 817K shares, representing a decrease of 0.51%. The firm increased its portfolio allocation in DECK by 7.24% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 735K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 743K shares, representing a decrease of 1.03%. The firm increased its portfolio allocation in DECK by 6.56% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 690K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 682K shares, representing an increase of 1.16%. The firm increased its portfolio allocation in DECK by 9.37% over the last quarter.
FDGRX - Fidelity Growth Company Fund holds 598K shares representing 2.29% ownership of the company. In it's prior filing, the firm reported owning 604K shares, representing a decrease of 1.10%. The firm increased its portfolio allocation in DECK by 6.01% over the last quarter.
Deckers Outdoor Background Information
(This description is provided by the company.)
Deckers Outdoor Corporation, doing business as Deckers Brands, is a footwear designer and distributor based in Goleta, California, United States. It was founded in 1973 by University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker.
Additional reading:
Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan
Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202
Form of Restricted Stock Unit Award Agreement under Decker
Subsidiaries of Registrant
DECKERS BRANDS REPORTS FOURTH QUARTER AND FULL FISCAL YEAR 2023 FINANCIAL RESULTS
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on July 25, 2023, TD Cowen maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 2.63% Downside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Additional reading: Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant Fintel reports that on July 25, 2023, TD Cowen maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 2.63% Downside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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Additional reading: Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant Fintel reports that on July 25, 2023, TD Cowen maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 2.63% Downside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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There are 1168 funds or institutions reporting positions in Deckers Outdoor. Fintel reports that on July 25, 2023, TD Cowen maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 2.63% Downside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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2023-07-25 00:00:00 UTC
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IJH, BLDR, GGG, DECK: Large Inflows Detected at ETF
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https://www.nasdaq.com/articles/ijh-bldr-ggg-deck%3A-large-inflows-detected-at-etf
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $743.3 million dollar inflow -- that's a 1.0% increase week over week in outstanding units (from 265,650,000 to 268,400,000). Among the largest underlying components of IJH, in trading today Builders FirstSource Inc. (Symbol: BLDR) is up about 2.6%, Graco Inc (Symbol: GGG) is up about 0.2%, and Deckers Outdoor Corp. (Symbol: DECK) is up by about 0.2%. For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average:
Looking at the chart above, IJH's low point in its 52 week range is $217.39 per share, with $272.95 as the 52 week high point — that compares with a last trade of $271.30. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
Stocks Analysts Like But Hedge Funds Are Selling
Top Ten Hedge Funds Holding EBIX
Funds Holding CMSA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of IJH, in trading today Builders FirstSource Inc. (Symbol: BLDR) is up about 2.6%, Graco Inc (Symbol: GGG) is up about 0.2%, and Deckers Outdoor Corp. (Symbol: DECK) is up by about 0.2%. For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $217.39 per share, with $272.95 as the 52 week high point — that compares with a last trade of $271.30. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of IJH, in trading today Builders FirstSource Inc. (Symbol: BLDR) is up about 2.6%, Graco Inc (Symbol: GGG) is up about 0.2%, and Deckers Outdoor Corp. (Symbol: DECK) is up by about 0.2%. For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $217.39 per share, with $272.95 as the 52 week high point — that compares with a last trade of $271.30. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Among the largest underlying components of IJH, in trading today Builders FirstSource Inc. (Symbol: BLDR) is up about 2.6%, Graco Inc (Symbol: GGG) is up about 0.2%, and Deckers Outdoor Corp. (Symbol: DECK) is up by about 0.2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $743.3 million dollar inflow -- that's a 1.0% increase week over week in outstanding units (from 265,650,000 to 268,400,000). For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $217.39 per share, with $272.95 as the 52 week high point — that compares with a last trade of $271.30.
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Among the largest underlying components of IJH, in trading today Builders FirstSource Inc. (Symbol: BLDR) is up about 2.6%, Graco Inc (Symbol: GGG) is up about 0.2%, and Deckers Outdoor Corp. (Symbol: DECK) is up by about 0.2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $743.3 million dollar inflow -- that's a 1.0% increase week over week in outstanding units (from 265,650,000 to 268,400,000). Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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2023-07-25 00:00:00 UTC
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Deckers (DECK) to Report Q1 Earnings: What's in the Cards?
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https://www.nasdaq.com/articles/deckers-deck-to-report-q1-earnings%3A-whats-in-the-cards
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Deckers Outdoor Corporation DECK is likely to register an increase in the top line from the last fiscal year’s quarterly reading when it reports first-quarter fiscal 2024 earnings on Jul 27, after the market close. The Zacks Consensus Estimate for revenues is pegged at $663 million, indicating an improvement of 8% from the prior fiscal year’s quarterly reported figure.
The bottom line of this designer, marketer and distributor of footwear, apparel and accessories is expected to rise from the earlier fiscal year’s quarterly tally. The consensus estimate for earnings per share in the fiscal first quarter has increased a penny to $2.17 over the past seven days, suggesting growth of 30.7% from the last fiscal year’s quarterly level.
In the last reported quarter, this Goleta, CA-based player’s bottom line outperformed the Zacks Consensus Estimate by 17.7%.
Key Factors to Note
Deckers’ performance in the fiscal first quarter is likely to have benefited from the acceleration of omnichannel capabilities, and customer-centric product and marketing strategies. DECK’s focus on expanding brand assortments, introducing an innovative line of products and enhancing direct-to-consumer business contribution is expected to have been a tailwind. These factors, coupled with management’s focus on ramping up inventory, optimizing channel mix to fulfil consumer demand, scaling production to support the growth of brands and implementing targeted price increases, are likely to have supported the top line in the quarter under review.
Keeping pace with the changing trends, Deckers has constantly been developing its e-commerce portal to capture incremental sales. The company has been making substantial investments to strengthen its online presence and enhance the shopping experience.
We note that the Zacks Consensus Estimate for first-quarter sales at the HOKA ONE ONE brand is pegged at $392.2 million, suggesting an increase of 18.8% year over year. The consensus estimate for the Teva brand is currently pegged at $61.9 million, up 3.8% year over year.
The consensus estimate for sales at the UGG brand is $197.6 million, down 5% from the year-ago period. The consensus mark for sales at the Sanuk brand is $14 million, which is down 1.2% from the prior-year quarter.
While the aforementioned factors raise optimism, inflationary pressures, labor shortages, the strengthening of the U.S. dollar and geopolitical tensions are some of the headwinds Deckers is likely to have encountered.
What the Zacks Model Unveils
Our proven model predicts an earnings beat for Deckers this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Deckers Outdoor Corporation Price and EPS Surprise
Deckers Outdoor Corporation price-eps-surprise | Deckers Outdoor Corporation Quote
Deckers has an Earnings ESP of +6.47% and a Zacks Rank of 3.
Other Stocks Poised to Beat Earnings Estimates
Here are some other companies, which according to our model, also have the right combination of elements to beat on earnings this season:
Marriott International MAR currently has an Earnings ESP of +8.44% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
MAR is likely to register top and bottom-line growth when it reports second-quarter 2023 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $6.1 billion, suggesting 13.3% growth from the figure reported in the prior-year quarter.
The consensus mark for Marriott’s second-quarter earnings is pegged at $2.19 per share, suggesting year-over-year growth of 21.7%. The consensus mark has remained unchanged in the past 30 days. MAR has a trailing four-quarter earnings surprise of 8%, on average.
Boyd Gaming BYD currently has an Earnings ESP of +2.92% and a Zacks Rank of 3. BYD is likely to register top and bottom-line growth when it reports second-quarter 2023 results. The Zacks Consensus Estimate for quarterly revenues is pegged at $890.7 million, suggesting 0.4% growth from the figure reported in the prior-year quarter.
The consensus mark for Boyd Gaming’s second-quarter earnings is pegged at $1.56 per share, suggesting 5.4% growth from earnings of $1.48 per share reported in the year-ago quarter. The consensus mark has remained unchanged in the past 30 days. BYD has a trailing four-quarter earnings surprise of 13.7%, on average.
lululemon athletica LULU currently has an Earnings ESP of +2.07% and a Zacks Rank of 3. LULU is likely to register top-line improvement when it reports second-quarter fiscal 2023 numbers.
The Zacks Consensus Estimate for lululemon athletica’s quarterly revenues is pegged at $2.2 billion, calling for growth of 15.8% from the prior-year quarter’s reported figure. The consensus mark for the quarterly earnings per share is $2.52, which suggests a 14.6% increase from the figure reported in the year-ago fiscal quarter. LULU has a trailing four-quarter earnings surprise of 9.9%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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Marriott International, Inc. (MAR) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
lululemon athletica inc. (LULU) : Free Stock Analysis Report
Boyd Gaming Corporation (BYD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Key Factors to Note Deckers’ performance in the fiscal first quarter is likely to have benefited from the acceleration of omnichannel capabilities, and customer-centric product and marketing strategies. DECK’s focus on expanding brand assortments, introducing an innovative line of products and enhancing direct-to-consumer business contribution is expected to have been a tailwind. Deckers Outdoor Corporation DECK is likely to register an increase in the top line from the last fiscal year’s quarterly reading when it reports first-quarter fiscal 2024 earnings on Jul 27, after the market close.
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Deckers Outdoor Corporation DECK is likely to register an increase in the top line from the last fiscal year’s quarterly reading when it reports first-quarter fiscal 2024 earnings on Jul 27, after the market close. Deckers Outdoor Corporation Price and EPS Surprise Deckers Outdoor Corporation price-eps-surprise | Deckers Outdoor Corporation Quote Deckers has an Earnings ESP of +6.47% and a Zacks Rank of 3. Click to get this free report Marriott International, Inc. (MAR) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report Boyd Gaming Corporation (BYD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Marriott International, Inc. (MAR) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report Boyd Gaming Corporation (BYD) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK is likely to register an increase in the top line from the last fiscal year’s quarterly reading when it reports first-quarter fiscal 2024 earnings on Jul 27, after the market close. Key Factors to Note Deckers’ performance in the fiscal first quarter is likely to have benefited from the acceleration of omnichannel capabilities, and customer-centric product and marketing strategies.
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Deckers Outdoor Corporation DECK is likely to register an increase in the top line from the last fiscal year’s quarterly reading when it reports first-quarter fiscal 2024 earnings on Jul 27, after the market close. Key Factors to Note Deckers’ performance in the fiscal first quarter is likely to have benefited from the acceleration of omnichannel capabilities, and customer-centric product and marketing strategies. DECK’s focus on expanding brand assortments, introducing an innovative line of products and enhancing direct-to-consumer business contribution is expected to have been a tailwind.
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fefb7a8b-683c-42e7-99e9-5a9e54f0ce1f
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723775.0
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2023-07-25 00:00:00 UTC
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Piper Sandler Maintains Deckers Outdoor (DECK) Overweight Recommendation
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DECK
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https://www.nasdaq.com/articles/piper-sandler-maintains-deckers-outdoor-deck-overweight-recommendation-0
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nan
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nan
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Fintel reports that on July 24, 2023, Piper Sandler maintained coverage of Deckers Outdoor (NYSE:DECK) with a Overweight recommendation.
Analyst Price Forecast Suggests 1.59% Downside
As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The forecasts range from a low of 398.95 to a high of $640.50. The average price target represents a decrease of 1.59% from its latest reported closing price of 549.47.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%. The projected annual non-GAAP EPS is 22.00.
What is the Fund Sentiment?
There are 1165 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 113 owner(s) or 10.74% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.42%, a decrease of 5.08%. Total shares owned by institutions decreased in the last three months by 4.90% to 30,040K shares.
The put/call ratio of DECK is 0.75, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 817K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 805K shares, representing an increase of 1.45%. The firm increased its portfolio allocation in DECK by 5.53% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 813K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 817K shares, representing a decrease of 0.51%. The firm increased its portfolio allocation in DECK by 7.24% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 735K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 743K shares, representing a decrease of 1.03%. The firm increased its portfolio allocation in DECK by 6.56% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 690K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 682K shares, representing an increase of 1.16%. The firm increased its portfolio allocation in DECK by 9.37% over the last quarter.
FDGRX - Fidelity Growth Company Fund holds 598K shares representing 2.29% ownership of the company. In it's prior filing, the firm reported owning 604K shares, representing a decrease of 1.10%. The firm increased its portfolio allocation in DECK by 6.01% over the last quarter.
Deckers Outdoor Background Information
(This description is provided by the company.)
Deckers Outdoor Corporation, doing business as Deckers Brands, is a footwear designer and distributor based in Goleta, California, United States. It was founded in 1973 by University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker.
Additional reading:
Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan
Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202
Form of Restricted Stock Unit Award Agreement under Decker
Subsidiaries of Registrant
DECKERS BRANDS REPORTS FOURTH QUARTER AND FULL FISCAL YEAR 2023 FINANCIAL RESULTS
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on July 24, 2023, Piper Sandler maintained coverage of Deckers Outdoor (NYSE:DECK) with a Overweight recommendation. Analyst Price Forecast Suggests 1.59% Downside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Additional reading: Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant Fintel reports that on July 24, 2023, Piper Sandler maintained coverage of Deckers Outdoor (NYSE:DECK) with a Overweight recommendation. Analyst Price Forecast Suggests 1.59% Downside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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Additional reading: Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant Fintel reports that on July 24, 2023, Piper Sandler maintained coverage of Deckers Outdoor (NYSE:DECK) with a Overweight recommendation. Analyst Price Forecast Suggests 1.59% Downside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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There are 1165 funds or institutions reporting positions in Deckers Outdoor. Fintel reports that on July 24, 2023, Piper Sandler maintained coverage of Deckers Outdoor (NYSE:DECK) with a Overweight recommendation. Analyst Price Forecast Suggests 1.59% Downside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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7a0bd65f-dc55-464a-9de4-3634cdaf0b0d
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723776.0
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2023-07-22 00:00:00 UTC
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Telsey Advisory Group Maintains Deckers Outdoor (DECK) Outperform Recommendation
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DECK
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https://www.nasdaq.com/articles/telsey-advisory-group-maintains-deckers-outdoor-deck-outperform-recommendation-0
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nan
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nan
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Fintel reports that on July 21, 2023, Telsey Advisory Group maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation.
Analyst Price Forecast Suggests 0.59% Upside
As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The forecasts range from a low of 398.95 to a high of $640.50. The average price target represents an increase of 0.59% from its latest reported closing price of 537.55.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%. The projected annual non-GAAP EPS is 22.00.
What is the Fund Sentiment?
There are 1162 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 109 owner(s) or 10.35% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.42%, a decrease of 4.18%. Total shares owned by institutions increased in the last three months by 214.15% to 99,253K shares.
The put/call ratio of DECK is 0.90, indicating a bullish outlook.
What are Other Shareholders Doing?
Bank Julius Baer & Co. Ltd, Zurich holds 69,273K shares representing 264.81% ownership of the company. In it's prior filing, the firm reported owning 84K shares, representing an increase of 99.88%. The firm decreased its portfolio allocation in DECK by 8.73% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 817K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 805K shares, representing an increase of 1.45%. The firm increased its portfolio allocation in DECK by 5.53% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 813K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 817K shares, representing a decrease of 0.51%. The firm increased its portfolio allocation in DECK by 7.24% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 735K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 743K shares, representing a decrease of 1.03%. The firm increased its portfolio allocation in DECK by 6.56% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 690K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 682K shares, representing an increase of 1.16%. The firm increased its portfolio allocation in DECK by 9.37% over the last quarter.
Deckers Outdoor Background Information
(This description is provided by the company.)
Deckers Outdoor Corporation, doing business as Deckers Brands, is a footwear designer and distributor based in Goleta, California, United States. It was founded in 1973 by University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker.
Additional reading:
Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan
Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202
Form of Restricted Stock Unit Award Agreement under Decker
Subsidiaries of Registrant
DECKERS BRANDS REPORTS FOURTH QUARTER AND FULL FISCAL YEAR 2023 FINANCIAL RESULTS
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Fintel reports that on July 21, 2023, Telsey Advisory Group maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 0.59% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Additional reading: Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant Fintel reports that on July 21, 2023, Telsey Advisory Group maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 0.59% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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Additional reading: Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant Fintel reports that on July 21, 2023, Telsey Advisory Group maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 0.59% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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Analyst Price Forecast Suggests 0.59% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. There are 1162 funds or institutions reporting positions in Deckers Outdoor. Fintel reports that on July 21, 2023, Telsey Advisory Group maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation.
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0bb91e53-72be-4703-b6cf-7e3a6e228c3e
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723777.0
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2023-07-22 00:00:00 UTC
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Citigroup Maintains Deckers Outdoor (DECK) Buy Recommendation
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DECK
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https://www.nasdaq.com/articles/citigroup-maintains-deckers-outdoor-deck-buy-recommendation
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nan
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nan
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Fintel reports that on July 21, 2023, Citigroup maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation.
Analyst Price Forecast Suggests 0.59% Upside
As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The forecasts range from a low of 398.95 to a high of $640.50. The average price target represents an increase of 0.59% from its latest reported closing price of 537.55.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%. The projected annual non-GAAP EPS is 22.00.
What is the Fund Sentiment?
There are 1162 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 109 owner(s) or 10.35% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.42%, a decrease of 4.18%. Total shares owned by institutions increased in the last three months by 214.15% to 99,253K shares.
The put/call ratio of DECK is 0.90, indicating a bullish outlook.
What are Other Shareholders Doing?
Bank Julius Baer & Co. Ltd, Zurich holds 69,273K shares representing 264.81% ownership of the company. In it's prior filing, the firm reported owning 84K shares, representing an increase of 99.88%. The firm decreased its portfolio allocation in DECK by 8.73% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 817K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 805K shares, representing an increase of 1.45%. The firm increased its portfolio allocation in DECK by 5.53% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 813K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 817K shares, representing a decrease of 0.51%. The firm increased its portfolio allocation in DECK by 7.24% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 735K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 743K shares, representing a decrease of 1.03%. The firm increased its portfolio allocation in DECK by 6.56% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 690K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 682K shares, representing an increase of 1.16%. The firm increased its portfolio allocation in DECK by 9.37% over the last quarter.
Deckers Outdoor Background Information
(This description is provided by the company.)
Deckers Outdoor Corporation, doing business as Deckers Brands, is a footwear designer and distributor based in Goleta, California, United States. It was founded in 1973 by University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker.
Additional reading:
Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan
Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202
Form of Restricted Stock Unit Award Agreement under Decker
Subsidiaries of Registrant
DECKERS BRANDS REPORTS FOURTH QUARTER AND FULL FISCAL YEAR 2023 FINANCIAL RESULTS
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Fintel reports that on July 21, 2023, Citigroup maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 0.59% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Additional reading: Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant Fintel reports that on July 21, 2023, Citigroup maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 0.59% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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Additional reading: Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant Fintel reports that on July 21, 2023, Citigroup maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 0.59% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%. There are 1162 funds or institutions reporting positions in Deckers Outdoor. Fintel reports that on July 21, 2023, Citigroup maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation.
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7fbef2a1-b7ad-4042-9e95-8f04f9605661
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723778.0
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2023-07-22 00:00:00 UTC
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UBS Maintains Deckers Outdoor (DECK) Buy Recommendation
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DECK
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https://www.nasdaq.com/articles/ubs-maintains-deckers-outdoor-deck-buy-recommendation-0
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nan
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nan
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Fintel reports that on July 21, 2023, UBS maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation.
Analyst Price Forecast Suggests 0.59% Upside
As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The forecasts range from a low of 398.95 to a high of $640.50. The average price target represents an increase of 0.59% from its latest reported closing price of 537.55.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%. The projected annual non-GAAP EPS is 22.00.
What is the Fund Sentiment?
There are 1162 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 109 owner(s) or 10.35% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.42%, a decrease of 4.18%. Total shares owned by institutions increased in the last three months by 214.15% to 99,253K shares.
The put/call ratio of DECK is 0.90, indicating a bullish outlook.
What are Other Shareholders Doing?
Bank Julius Baer & Co. Ltd, Zurich holds 69,273K shares representing 264.81% ownership of the company. In it's prior filing, the firm reported owning 84K shares, representing an increase of 99.88%. The firm decreased its portfolio allocation in DECK by 8.73% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 817K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 805K shares, representing an increase of 1.45%. The firm increased its portfolio allocation in DECK by 5.53% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 813K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 817K shares, representing a decrease of 0.51%. The firm increased its portfolio allocation in DECK by 7.24% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 735K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 743K shares, representing a decrease of 1.03%. The firm increased its portfolio allocation in DECK by 6.56% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 690K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 682K shares, representing an increase of 1.16%. The firm increased its portfolio allocation in DECK by 9.37% over the last quarter.
Deckers Outdoor Background Information
(This description is provided by the company.)
Deckers Outdoor Corporation, doing business as Deckers Brands, is a footwear designer and distributor based in Goleta, California, United States. It was founded in 1973 by University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker.
Additional reading:
Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan
Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202
Form of Restricted Stock Unit Award Agreement under Decker
Subsidiaries of Registrant
DECKERS BRANDS REPORTS FOURTH QUARTER AND FULL FISCAL YEAR 2023 FINANCIAL RESULTS
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Fintel reports that on July 21, 2023, UBS maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 0.59% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Additional reading: Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant Fintel reports that on July 21, 2023, UBS maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 0.59% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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Additional reading: Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant Fintel reports that on July 21, 2023, UBS maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 0.59% Upside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%. There are 1162 funds or institutions reporting positions in Deckers Outdoor. Fintel reports that on July 21, 2023, UBS maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation.
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822d86e3-c6ab-43f2-a807-a1de7f5a0beb
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723779.0
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2023-07-19 00:00:00 UTC
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DECK Factor-Based Stock Analysis
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DECK
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https://www.nasdaq.com/articles/deck-factor-based-stock-analysis
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nan
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nan
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Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK). Of the 22 guru strategies we follow, DECK rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. The rating using this strategy is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: PASS
Detailed Analysis of DECKERS OUTDOOR CORP
DECK Guru Analysis
DECK Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
Excess Returns Investing Podcast
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK). Of the 22 guru strategies we follow, DECK rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry.
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Detailed Analysis of DECKERS OUTDOOR CORP DECK Guru Analysis DECK Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK). Of the 22 guru strategies we follow, DECK rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet.
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Of the 22 guru strategies we follow, DECK rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DECKERS OUTDOOR CORP DECK Guru Analysis DECK Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK).
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Of the 22 guru strategies we follow, DECK rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DECKERS OUTDOOR CORP DECK Guru Analysis DECK Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK).
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2023-07-18 00:00:00 UTC
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Deckers (DECK) Stock Surges 98.4% in a Year: Here's Why
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https://www.nasdaq.com/articles/deckers-deck-stock-surges-98.4-in-a-year%3A-heres-why
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Deckers Outdoor Corporation DECK stock has been doing well on the bourses, thanks to its efforts related to product innovations, store expansion and enhancement of e-commerce capabilities. DECK’s focus on expanding its brand assortments, bringing a more innovative line of products and optimizing omnichannel distribution bodes well.
Buoyed by the aforesaid tailwinds, this major footwear and accessories designer’s shares have appreciated 98.4%, comfortably outperforming the industry’s 7.9% growth in the past year.
Let’s Delve Deep
Deckers is targeting profitable and underpenetrated markets to boost overall sales. Greater acceptance of the UGG brand's diverse product line along with the progress in Europe and Asia Pacific bode well. The HOKA ONE ONE brand is also performing impressively. The brand continues to build its customer base through a combination of robust product innovation and a disciplined marketing approach.
Image Source: Zacks Investment Research
The company is progressing toward building HOKA ONE ONE into a major multibillion-dollar player, elevating UGG as a global lifestyle brand with diverse product offerings and enhancing direct-to-consumer (DTC) business. The company continues exploring opportunities to strategically expand the HOKA ONE ONE brand’s retail store fleet.
Management has also been constantly developing its e-commerce portal to efficiently resonate with the evolving trends. The company is focused on opening smaller concept omnichannel outlets and expanding programs such as Retail Inventory Online, Infinite UGG, Buy Online, Return In Store and Click and Collect to enrich customers’ shopping experience.
Markedly, DTC revenues grew 19.5%, while comparable DTC net sales jumped 18.4% in the fourth quarter of fiscal 2023. HOKA continues to be a key driver of consolidated growth. Teva also maintained a strong mix of its business in the DTC channel as the brand’s net sales increased 14.6%.
Furthermore, Deckers is focused on product and marketing strategies that are more skewed toward customers. The company has also been focusing on expanding its product categories per customer purchasing trends that differ with the weather. Its brand strength also bodes well. During fourth-quarter fiscal 2023, HOKA ONE ONE brand’s net sales surged 40.3% while Teva brand’s net sales increased 14.6% year over year.
We believe that the company’s focus on ramping up inventory, optimizing channel mix to fulfill consumer demand, scaling production to support brands and implementing price increases should position it well for growth. An impressive long-term projected growth rate of 18.4% further highlights the strength of this current Zacks Rank #3 (Hold) company.
Analysts seem optimistic about the stock. The Zacks Consensus Estimate for Deckers’ fiscal 2024 sales and earnings per share (EPS) is currently pegged at $3.96 billion and $21.76, respectively. These estimates suggest growth of 9% and 12.3%, respectively, from the year-ago fiscal quarter’s corresponding figures. The consensus estimate for the next fiscal year’s sales and EPS of $4.35 billion and $25.31, respectively, reflects a corresponding increase of 10% and 16.3% year over year.
Eye These Solid Picks
Some better-ranked companies are Royal Caribbean RCL, lululemon athletica LULU and Ralph Lauren RL.
Royal Caribbean sports a Zacks Rank #1 (Strong Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
RCL has a trailing four-quarter earnings surprise of 26.4%, on average. The Zacks Consensus Estimate for RCL’s 2023 sales and EPS indicates increases of 48.7% and 162.9%, respectively, from the year-ago period’s reported levels.
lululemon athletica is a yoga-inspired athletic apparel company. LULU carries a Zacks Rank #2 (Buy), at present.
The Zacks Consensus Estimate for lululemon athletica’s current financial-year sales and EPS suggests growth of 17.1% and 18.4%, respectively, from the year-ago corresponding figures. LULU has a trailing four-quarter earnings surprise of 9.9%, on average.
Ralph Lauren, a footwear and accessories dealer, has a Zacks Rank of 2 at present. RL has a trailing four-quarter earnings surprise of 17.4%, on average.
The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales and EPS suggests growth of 2.8% and 13.1%, respectively, from the year-ago corresponding figures.
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Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
lululemon athletica inc. (LULU) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corporation DECK stock has been doing well on the bourses, thanks to its efforts related to product innovations, store expansion and enhancement of e-commerce capabilities. DECK’s focus on expanding its brand assortments, bringing a more innovative line of products and optimizing omnichannel distribution bodes well. Let’s Delve Deep Deckers is targeting profitable and underpenetrated markets to boost overall sales.
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Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK stock has been doing well on the bourses, thanks to its efforts related to product innovations, store expansion and enhancement of e-commerce capabilities. DECK’s focus on expanding its brand assortments, bringing a more innovative line of products and optimizing omnichannel distribution bodes well.
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Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK stock has been doing well on the bourses, thanks to its efforts related to product innovations, store expansion and enhancement of e-commerce capabilities. DECK’s focus on expanding its brand assortments, bringing a more innovative line of products and optimizing omnichannel distribution bodes well.
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DECK’s focus on expanding its brand assortments, bringing a more innovative line of products and optimizing omnichannel distribution bodes well. The Zacks Consensus Estimate for Deckers’ fiscal 2024 sales and earnings per share (EPS) is currently pegged at $3.96 billion and $21.76, respectively. Deckers Outdoor Corporation DECK stock has been doing well on the bourses, thanks to its efforts related to product innovations, store expansion and enhancement of e-commerce capabilities.
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723781.0
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2023-07-17 00:00:00 UTC
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Raymond James Maintains Deckers Outdoor (DECK) Outperform Recommendation
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https://www.nasdaq.com/articles/raymond-james-maintains-deckers-outdoor-deck-outperform-recommendation
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Fintel reports that on July 17, 2023, Raymond James maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation.
Analyst Price Forecast Suggests 1.23% Downside
As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The forecasts range from a low of 398.95 to a high of $640.50. The average price target represents a decrease of 1.23% from its latest reported closing price of 547.45.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%. The projected annual non-GAAP EPS is 22.00.
What is the Fund Sentiment?
There are 1160 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 107 owner(s) or 10.16% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.42%, a decrease of 3.87%. Total shares owned by institutions decreased in the last three months by 4.14% to 30,090K shares.
The put/call ratio of DECK is 0.89, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 817K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 805K shares, representing an increase of 1.45%. The firm increased its portfolio allocation in DECK by 5.53% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 813K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 817K shares, representing a decrease of 0.51%. The firm increased its portfolio allocation in DECK by 7.24% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 735K shares representing 2.79% ownership of the company. In it's prior filing, the firm reported owning 743K shares, representing a decrease of 1.03%. The firm increased its portfolio allocation in DECK by 6.56% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 690K shares representing 2.62% ownership of the company. In it's prior filing, the firm reported owning 682K shares, representing an increase of 1.16%. The firm increased its portfolio allocation in DECK by 9.37% over the last quarter.
FDGRX - Fidelity Growth Company Fund holds 598K shares representing 2.27% ownership of the company. In it's prior filing, the firm reported owning 604K shares, representing a decrease of 1.10%. The firm increased its portfolio allocation in DECK by 6.01% over the last quarter.
Deckers Outdoor Background Information
(This description is provided by the company.)
Deckers Outdoor Corporation, doing business as Deckers Brands, is a footwear designer and distributor based in Goleta, California, United States. It was founded in 1973 by University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker.
Additional reading:
Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan
Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202
Form of Restricted Stock Unit Award Agreement under Decker
Subsidiaries of Registrant
DECKERS BRANDS REPORTS FOURTH QUARTER AND FULL FISCAL YEAR 2023 FINANCIAL RESULTS
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on July 17, 2023, Raymond James maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 1.23% Downside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Additional reading: Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant Fintel reports that on July 17, 2023, Raymond James maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 1.23% Downside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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Additional reading: Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202 Form of Restricted Stock Unit Award Agreement under Decker Subsidiaries of Registrant Fintel reports that on July 17, 2023, Raymond James maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 1.23% Downside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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There are 1160 funds or institutions reporting positions in Deckers Outdoor. Fintel reports that on July 17, 2023, Raymond James maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 1.23% Downside As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72.
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2023-07-14 00:00:00 UTC
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Beyond Nike: 3 Footwear Stocks That Are Crushing the Market
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https://www.nasdaq.com/articles/beyond-nike%3A-3-footwear-stocks-that-are-crushing-the-market
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Bloomberg Opinion contributor Leticia Miranda recently discussed how the sneaker bubble was bursting, and Nike (NYSE:NKE) will be hugely affected by this cataclysmic event. That’s not good news if you’re considering investing in footwear stocks like NKE.
Miranda states that Nike was a major beneficiary of the consumer largesse delivered in the form of pandemic stimulus money. Now that it’s gone and interest rate hikes are hitting people in the pocketbook, getting the latest pair of Air Jordans is not nearly as important. Like all businesses, Nike’s experiencing some weakness in its business model, and sneakers are an easy expense to cut as the interest rates increase.
People will keep their wallets slammed shut until something hits the streets that is irresistible. Even though consumers might resist their temptation to spend in this environment of higher interest rates, there will always be brands that are exceptions to the rule.
In the long run, you can’t count Nike out. However, there are footwear stocks crushing the market. Here are the three I’d be looking at as alternatives.
Lululemon (LULU)
Source: lentamart / Shutterstock
Although Lululemon (NASDAQ:LULU) is up 36% over the past year, nearly double the S&P 500, it almost seems like a failure for one of retail’s leading growth brands. However, it has significantly outperformed Nike, so shareholders can celebrate this victory.
In fact, over the past decade, it’s outdone Nike by five-fold and the index by more than 3x.
I have followed Lululemon for more than a decade. Its DNA is all about quality, comfort, and style. Regarding footwear, I can testify that the brand’s sneakers are super comfortable. My 70-something mother-in-law bought a pair a few months back and she won’t use anything else now for her daily walk.
In November 2022, Lululemon was given Footwear News’ Launch of the Year Award. It’s not surprising, given my anecdotal evidence of its footwear quality.
“‘It feels like a long time coming that women get a shoe that’s built for us,’ said Colleen Quigley, a track-and-field athlete and Lululemon ambassador. ‘As a brand that has long been driving innovation, inclusivity and accessibility, it’s especially fitting, and personally very exciting for me that Lululemon is entering footwear with a women’s running shoe,’” Footwear News reported Quigley’s comments.
Investors continue to underestimate Canada’s greatest apparel success story. With its footwear line off to such a great start, it could soon also be Canada’s greatest footwear success story.
It remains one of my 10 favorite stocks for the long haul.
Deckers Brands (DECK)
Source: It for you / Shutterstock.com
Deckers Brands (NYSE:DECK) stock has more than doubled in the past year due largely to its Hoka sneaker brand. It’s a big reason the company changed its name from Deckers Outdoor. The company has become a footwear powerhouse with two billion-dollar brands and counting. Its updated branding reflects that it’s much more than UGG.
The first time I wrote about Deckers for InvestorPlace was in October 2011. I recommended that investors forget about Crocs (NASDAQ:CROX) and buy Deckers instead. I wrote at the time:
“Deckers might appear to be an overnight sensation, but it has taken almost four decades to get where it is today, which is at the pinnacle of footwear success. Gradual change is at the heart of its business. For instance, as of the end of the second quarter, it had 30 retail stores open in the U.S. and elsewhere. Meanwhile, Crocs has 397 stores or kiosks open worldwide, 10 times more than Deckers.”
At the time, its shares were trading for less than $100. It had generated $1.38 billion in annual sales and an operating profit of $284.84 million. Today, its share price is over $530, and its 2022 revenue was $3.63 billion, with an operating profit of $652.75 million. That’s compound annual growth of 9.2% for revenue and 7.8% for operating income.
That might seem like a little. However, a big chunk of the growth came in the past three years.
In 2011, Hoka wasn’t even part of the company. It acquired the business in late 2012 for approximately $8.8 million. At the time, the brand had roughly $3 million in sales. In 2023, they were $1.41 billion.
A third billion-dollar brand would almost certainly send its share price to four digits.
Skechers (SKX)
Source: ThamKC / Shutterstock.com
Over the years, Skechers (NYSE:SKX) has had its ups and downs. However, its long-term performance for shareholders is undeniable. A $10,000 investment in SKX in 2008 is worth $81,265. That’s $33,030 better than the SPDR S&P 500 ETF Trust (NYSEARCA:SPY).
The difference buys a lot of Nike’s.
It’s been a while since I’ve taken a closer look at Skechers. As a golfer, I am intrigued by their Go Golf Elite Slip ‘In golf shoes. Not only are they supposed to be super comfortable and light, but they’re also waterproof. That’s huge. And, of course, they’re easy to slip on and off.
I just bought a pair of Adidas (OTCMKTS:ADDYY) golf shoes. While similar in price and comfort, I don’t believe my shoes are waterproof, granting a big competitive edge for the new Skechers.
Looking at its Q1 2023 results, its direct-to-consumer business is doing very well with revenue growth of 24.5%, to $707.3 million, with a gross profit margin of 66.0%. That’s 100 basis points higher than a year ago. Its DTC sales account for 35.3% of its overall business, up 410 basis points from Q1 2022. It should represent half the business in a year or so if it keeps up this pace.
Trading at 1.07x sales — NKE is 3.30x sales — you’re getting growth at a reasonable price.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
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The post Beyond Nike: 3 Footwear Stocks That Are Crushing the Market appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Brands (DECK) Source: It for you / Shutterstock.com Deckers Brands (NYSE:DECK) stock has more than doubled in the past year due largely to its Hoka sneaker brand. It’s a big reason the company changed its name from Deckers Outdoor. The first time I wrote about Deckers for InvestorPlace was in October 2011.
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Deckers Brands (DECK) Source: It for you / Shutterstock.com Deckers Brands (NYSE:DECK) stock has more than doubled in the past year due largely to its Hoka sneaker brand. It’s a big reason the company changed its name from Deckers Outdoor. The first time I wrote about Deckers for InvestorPlace was in October 2011.
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Deckers Brands (DECK) Source: It for you / Shutterstock.com Deckers Brands (NYSE:DECK) stock has more than doubled in the past year due largely to its Hoka sneaker brand. It’s a big reason the company changed its name from Deckers Outdoor. The first time I wrote about Deckers for InvestorPlace was in October 2011.
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Deckers Brands (DECK) Source: It for you / Shutterstock.com Deckers Brands (NYSE:DECK) stock has more than doubled in the past year due largely to its Hoka sneaker brand. Meanwhile, Crocs has 397 stores or kiosks open worldwide, 10 times more than Deckers.” At the time, its shares were trading for less than $100. It’s a big reason the company changed its name from Deckers Outdoor.
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2023-07-14 00:00:00 UTC
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Zacks Market Edge Highlights: Helen of Troy, JPMorgan Chase, PNC Financial Services, Penske Automotive and Deckers Outdoor
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https://www.nasdaq.com/articles/zacks-market-edge-highlights%3A-helen-of-troy-jpmorgan-chase-pnc-financial-services-penske
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For Immediate Release
Chicago, IL – July 14, 2023 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/2120890/any-surprises-expected-in-q2-earnings)
Any Surprises Expected in Q2 Earnings?
Welcome to Episode #365 of the Zacks Market Edge Podcast.
(0:45) - What Should Investors Expect From Q2 Earnings?
(5:00) - Are Industries Adjusting Quicker Than Expected To The Fed Rate Decisions?
(7:10) - Could The Current Market Trend Shift Into A Recession?
(13:50) - Breaking Down The Banks Ahead of Earnings
(17:30) - How Are The Auto Retailers Currently Performing?
(20:45) - Are The Luxury Retailer Stocks Overvalued Right Now?
(26:20) - Episode Roundup: HELE, PNC, JPM, PAG, DECK
Podcast@Zacks.com
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
This week, Tracey is joined by Zacks Director of Research, Sheraz Mian, who is Zacks expert on earnings, to discuss what to look out for in the second quarter earnings season.
Are there going to be any surprises in the reports? Should investors be worried about the banks again? Are earnings sending a signal about the economy?
5 Stocks That Could Tell the Story of This Earnings Season
1. Helen of Troy HELE
Helen of Troy has already reported earnings. It beat by $0.32 reporting $1.94 versus the Zacks consensus of $1.62. Revenue was down 6.6% year-over-year. Helen of Troy did reiterate full year guidance however as retail partners normalized inventory levels and matched those to consumer demand.
Shares of Helen of Troy spiked higher on the earnings report and have gained 32.2% over the last month. It's still cheap, with a forward P/E of 14.7.
What does Helen of Troy's earning report tell us about the economy, if anything?
2. JPMorgan Chase JPM
JPMorgan Chase is one of the largest banks in the United States. Its CEO, Jamie Dimon, often talks about the economy, as a whole, on the company's earnings conference calls because the company has so much financial data about all aspects of the economy.
Shares of JPMorgan Chase are up 10.5% year-to-date. It has beat on earnings three quarters in a row.
Will JPMorgan Chase warn of a recession this quarter?
3. The PNC Financial Services Group PNC
PNC Financial will be one of the first big regional banks to report earnings. It has a great earnings surprise track record, having just 1 miss in the last 11 quarters. That miss was in early 2023 however.
Shares of PNC Financial are down 19.4% year-to-date. It's trading with a forward P/E of 9.3, but the full year earnings estimates have been cut in the last week.
Are the analysts too pessimistic on PNC Financial?
4. Penske Automotive Group PAG
Penske is an auto and truck retailer. It's one of the hottest stocks of 2023, with shares up 55% year-to-date to new all-time highs
Penske's last earnings miss was all the way back in 2019. The analysts are bullish on Penske with 2 estimates revised higher in the last 30 days for the full year. Shares trade with a forward P/E of 11.4.
Are the auto retailers, like Penske, going to share insights into the economy this quarter?
5. Deckers Outdoor Corp. DECK
Deckers owns two of the hottest brands in shoes, UGG and Hoka. It has beat 6 quarters in a row and has only missed one time in the last 5 years.
Shares of Deckers are trading at new all-time highs. They're up 38% year-to-date. Deckers isn't cheap. It trades with a forward P/E of 25.
Should investors be concerned about valuation of the hot stocks like Deckers?
What Else Do You Need to Know About Q2 Earnings Season?
Listen to this week's podcast to find out.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report
The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report
Penske Automotive Group, Inc. (PAG) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Helen of Troy Limited (HELE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(26:20) - Episode Roundup: HELE, PNC, JPM, PAG, DECK Podcast@Zacks.com Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. Deckers Outdoor Corp. DECK Deckers owns two of the hottest brands in shoes, UGG and Hoka. Shares of Deckers are trading at new all-time highs.
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(26:20) - Episode Roundup: HELE, PNC, JPM, PAG, DECK Podcast@Zacks.com Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. Click to get this free report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report Penske Automotive Group, Inc. (PAG) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Helen of Troy Limited (HELE) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. DECK Deckers owns two of the hottest brands in shoes, UGG and Hoka.
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(26:20) - Episode Roundup: HELE, PNC, JPM, PAG, DECK Podcast@Zacks.com Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. Click to get this free report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report Penske Automotive Group, Inc. (PAG) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Helen of Troy Limited (HELE) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. DECK Deckers owns two of the hottest brands in shoes, UGG and Hoka.
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(26:20) - Episode Roundup: HELE, PNC, JPM, PAG, DECK Podcast@Zacks.com Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. Deckers Outdoor Corp. DECK Deckers owns two of the hottest brands in shoes, UGG and Hoka. Shares of Deckers are trading at new all-time highs.
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9f2c81e7-0c2f-42fe-b092-7d90f1ac15ee
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723784.0
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2023-07-13 00:00:00 UTC
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Notable Thursday Option Activity: DECK, NEXT, APPS
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DECK
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-deck-next-apps
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Deckers Outdoor Corp. (Symbol: DECK), where a total volume of 2,651 contracts has been traded thus far today, a contract volume which is representative of approximately 265,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 75.1% of DECK's average daily trading volume over the past month, of 353,030 shares. Particularly high volume was seen for the $800 strike call option expiring September 15, 2023, with 1,345 contracts trading so far today, representing approximately 134,500 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $800 strike highlighted in orange:
NextDecade Corp (Symbol: NEXT) options are showing a volume of 27,246 contracts thus far today. That number of contracts represents approximately 2.7 million underlying shares, working out to a sizeable 73.3% of NEXT's average daily trading volume over the past month, of 3.7 million shares. Especially high volume was seen for the $7.50 strike call option expiring July 21, 2023, with 8,450 contracts trading so far today, representing approximately 845,000 underlying shares of NEXT. Below is a chart showing NEXT's trailing twelve month trading history, with the $7.50 strike highlighted in orange:
And Digital Turbine Inc (Symbol: APPS) saw options trading volume of 17,091 contracts, representing approximately 1.7 million underlying shares or approximately 70.1% of APPS's average daily trading volume over the past month, of 2.4 million shares. Especially high volume was seen for the $11.50 strike call option expiring July 14, 2023, with 1,947 contracts trading so far today, representing approximately 194,700 underlying shares of APPS. Below is a chart showing APPS's trailing twelve month trading history, with the $11.50 strike highlighted in orange:
For the various different available expirations for DECK options, NEXT options, or APPS options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Cheap Energy Stocks Paying Dividends
VCLK Insider Buying
Top Ten Hedge Funds Holding LOAC
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $800 strike call option expiring September 15, 2023, with 1,345 contracts trading so far today, representing approximately 134,500 underlying shares of DECK. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Deckers Outdoor Corp. (Symbol: DECK), where a total volume of 2,651 contracts has been traded thus far today, a contract volume which is representative of approximately 265,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 75.1% of DECK's average daily trading volume over the past month, of 353,030 shares.
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Below is a chart showing DECK's trailing twelve month trading history, with the $800 strike highlighted in orange: NextDecade Corp (Symbol: NEXT) options are showing a volume of 27,246 contracts thus far today. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Deckers Outdoor Corp. (Symbol: DECK), where a total volume of 2,651 contracts has been traded thus far today, a contract volume which is representative of approximately 265,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 75.1% of DECK's average daily trading volume over the past month, of 353,030 shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Deckers Outdoor Corp. (Symbol: DECK), where a total volume of 2,651 contracts has been traded thus far today, a contract volume which is representative of approximately 265,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 75.1% of DECK's average daily trading volume over the past month, of 353,030 shares. Particularly high volume was seen for the $800 strike call option expiring September 15, 2023, with 1,345 contracts trading so far today, representing approximately 134,500 underlying shares of DECK.
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Particularly high volume was seen for the $800 strike call option expiring September 15, 2023, with 1,345 contracts trading so far today, representing approximately 134,500 underlying shares of DECK. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Deckers Outdoor Corp. (Symbol: DECK), where a total volume of 2,651 contracts has been traded thus far today, a contract volume which is representative of approximately 265,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 75.1% of DECK's average daily trading volume over the past month, of 353,030 shares.
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046daf08-dacf-47e5-a076-4ed8d884dfaf
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723785.0
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2023-07-13 00:00:00 UTC
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Any Surprises Expected in Q2 Earnings?
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DECK
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https://www.nasdaq.com/articles/any-surprises-expected-in-q2-earnings
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nan
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nan
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(0:45) - What Should Investors Expect From Q2 Earnings?
(5:00) - Are Industries Adjusting Quicker Than Expected To The Fed Rate Decisions?
(7:10) - Could The Current Market Trend Shift Into A Recession?
(13:50) - Breaking Down The Banks Ahead of Earnings
(17:30) - How Are The Auto Retailers Currently Performing?
(20:45) - Are The Luxury Retailer Stocks Overvalued Right Now?
(26:20) - Episode Roundup: HELE, PNC, JPM, PAG, DECK
Podcast@Zacks.com
Welcome to Episode #365 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
This week, Tracey is joined by Zacks Director of Research, Sheraz Mian, who is Zacks expert on earnings, to discuss what to look out for in the second quarter earnings season.
Are there going to be any surprises in the reports? Should investors be worried about the banks again? Are earnings sending a signal about the economy?
5 Stocks That Could Tell the Story of This Earnings Season
1. Helen of Troy (HELE)
Helen of Troy has already reported earnings. It beat by $0.32 reporting $1.94 versus the Zacks consensus of $1.62. Revenue was down 6.6% year-over-year. Helen of Troy did reiterate full year guidance however as retail partners normalized inventory levels and matched those to consumer demand.
Shares of Helen of Troy spiked higher on the earnings report and have gained 32.2% over the last month. It’s still cheap, with a forward P/E of 14.7.
What does Helen of Troy’s earning report tell us about the economy, if anything?
2. JPMorgan Chase (JPM)
JPMorgan Chase is one of the largest banks in the United States. Its CEO, Jamie Dimon, often talks about the economy, as a whole, on the company’s earnings conference calls because the company has so much financial data about all aspects of the economy.
Shares of JPMorgan Chase are up 10.5% year-to-date. It has beat on earnings three quarters in a row.
Will JPMorgan Chase warn of a recession this quarter?
3. The PNC Financial Services Group (PNC)
PNC Financial will be one of the first big regional banks to report earnings. It has a great earnings surprise track record, having just 1 miss in the last 11 quarters. That miss was in early 2023 however.
Shares of PNC Financial are down 19.4% year-to-date. It’s trading with a forward P/E of 9.3, but the full year earnings estimates have been cut in the last week.
Are the analysts too pessimistic on PNC Financial?
4. Penske Automotive Group (PAG)
Penske is an auto and truck retailer. It’s one of the hottest stocks of 2023, with shares up 55% year-to-date to new all-time highs
Penske’s last earnings miss was all the way back in 2019. The analysts are bullish on Penske with 2 estimates revised higher in the last 30 days for the full year. Shares trade with a forward P/E of 11.4.
Are the auto retailers, like Penske, going to share insights into the economy this quarter?
5. Deckers Outdoor Corp. (DECK)
Deckers owns two of the hottest brands in shoes, UGG and Hoka. It has beat 6 quarters in a row and has only missed one time in the last 5 years.
Shares of Deckers are trading at new all-time highs. They’re up 38% year-to-date. Deckers isn’t cheap. It trades with a forward P/E of 25.
Should investors be concerned about valuation of the hot stocks like Deckers?
What Else do you Need to Know about Q2 Earnings Season?
Listen to this week’s podcast to find out.
Just Released: Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023?
From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.
See New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report
The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report
Penske Automotive Group, Inc. (PAG) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Helen of Troy Limited (HELE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(26:20) - Episode Roundup: HELE, PNC, JPM, PAG, DECK Podcast@Zacks.com Welcome to Episode #365 of the Zacks Market Edge Podcast. Deckers Outdoor Corp. (DECK) Deckers owns two of the hottest brands in shoes, UGG and Hoka. Shares of Deckers are trading at new all-time highs.
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(26:20) - Episode Roundup: HELE, PNC, JPM, PAG, DECK Podcast@Zacks.com Welcome to Episode #365 of the Zacks Market Edge Podcast. Click to get this free report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report Penske Automotive Group, Inc. (PAG) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Helen of Troy Limited (HELE) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. (DECK) Deckers owns two of the hottest brands in shoes, UGG and Hoka.
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Click to get this free report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report Penske Automotive Group, Inc. (PAG) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Helen of Troy Limited (HELE) : Free Stock Analysis Report To read this article on Zacks.com click here. (26:20) - Episode Roundup: HELE, PNC, JPM, PAG, DECK Podcast@Zacks.com Welcome to Episode #365 of the Zacks Market Edge Podcast. Deckers Outdoor Corp. (DECK) Deckers owns two of the hottest brands in shoes, UGG and Hoka.
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(26:20) - Episode Roundup: HELE, PNC, JPM, PAG, DECK Podcast@Zacks.com Welcome to Episode #365 of the Zacks Market Edge Podcast. Deckers Outdoor Corp. (DECK) Deckers owns two of the hottest brands in shoes, UGG and Hoka. Shares of Deckers are trading at new all-time highs.
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de73f0a8-f47f-4409-81a5-92188da50da1
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723786.0
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2023-07-11 00:00:00 UTC
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IJK, HUBB, RS, DECK: Large Inflows Detected at ETF
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DECK
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https://www.nasdaq.com/articles/ijk-hubb-rs-deck%3A-large-inflows-detected-at-etf
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P Mid-Cap 400 Growth ETF (Symbol: IJK) where we have detected an approximate $226.1 million dollar inflow -- that's a 2.9% increase week over week in outstanding units (from 102,300,000 to 105,300,000). Among the largest underlying components of IJK, in trading today Hubbell Inc. (Symbol: HUBB) is up about 0.2%, Reliance Steel & Aluminum Co. (Symbol: RS) is up about 0.7%, and Deckers Outdoor Corp. (Symbol: DECK) is up by about 1.2%. For a complete list of holdings, visit the IJK Holdings page » The chart below shows the one year price performance of IJK, versus its 200 day moving average:
Looking at the chart above, IJK's low point in its 52 week range is $62.01 per share, with $76.11 as the 52 week high point — that compares with a last trade of $75.79. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
NEOG Historical Stock Prices
BTCY Historical Stock Prices
BCBP Split History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of IJK, in trading today Hubbell Inc. (Symbol: HUBB) is up about 0.2%, Reliance Steel & Aluminum Co. (Symbol: RS) is up about 0.7%, and Deckers Outdoor Corp. (Symbol: DECK) is up by about 1.2%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of IJK, in trading today Hubbell Inc. (Symbol: HUBB) is up about 0.2%, Reliance Steel & Aluminum Co. (Symbol: RS) is up about 0.7%, and Deckers Outdoor Corp. (Symbol: DECK) is up by about 1.2%. For a complete list of holdings, visit the IJK Holdings page » The chart below shows the one year price performance of IJK, versus its 200 day moving average: Looking at the chart above, IJK's low point in its 52 week range is $62.01 per share, with $76.11 as the 52 week high point — that compares with a last trade of $75.79. Click here to find out which 9 other ETFs had notable inflows » Also see: NEOG Historical Stock Prices BTCY Historical Stock Prices BCBP Split History The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of IJK, in trading today Hubbell Inc. (Symbol: HUBB) is up about 0.2%, Reliance Steel & Aluminum Co. (Symbol: RS) is up about 0.7%, and Deckers Outdoor Corp. (Symbol: DECK) is up by about 1.2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P Mid-Cap 400 Growth ETF (Symbol: IJK) where we have detected an approximate $226.1 million dollar inflow -- that's a 2.9% increase week over week in outstanding units (from 102,300,000 to 105,300,000). For a complete list of holdings, visit the IJK Holdings page » The chart below shows the one year price performance of IJK, versus its 200 day moving average: Looking at the chart above, IJK's low point in its 52 week range is $62.01 per share, with $76.11 as the 52 week high point — that compares with a last trade of $75.79.
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Among the largest underlying components of IJK, in trading today Hubbell Inc. (Symbol: HUBB) is up about 0.2%, Reliance Steel & Aluminum Co. (Symbol: RS) is up about 0.7%, and Deckers Outdoor Corp. (Symbol: DECK) is up by about 1.2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P Mid-Cap 400 Growth ETF (Symbol: IJK) where we have detected an approximate $226.1 million dollar inflow -- that's a 2.9% increase week over week in outstanding units (from 102,300,000 to 105,300,000). For a complete list of holdings, visit the IJK Holdings page » The chart below shows the one year price performance of IJK, versus its 200 day moving average: Looking at the chart above, IJK's low point in its 52 week range is $62.01 per share, with $76.11 as the 52 week high point — that compares with a last trade of $75.79.
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a7700ea4-6c37-45be-9f9a-644d6bd4abe2
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723787.0
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2023-07-11 00:00:00 UTC
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Deckers Outdoor Reaches Analyst Target Price
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-reaches-analyst-target-price
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nan
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nan
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In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $538.43, changing hands for $540.85/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 14 different analyst targets within the Zacks coverage universe contributing to that average for Deckers Outdoor Corp., but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $395.00. And then on the other side of the spectrum one analyst has a target as high as $613.00. The standard deviation is $55.309.
But the whole reason to look at the average DECK price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DECK crossing above that average target price of $538.43/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $538.43 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Deckers Outdoor Corp.:
RECENT DECK ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 11 11 11 11
Buy ratings: 1 0 0 0
Hold ratings: 2 2 2 2
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 1.36 1.31 1.31 1.31
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on DECK — FREE.
The Top 25 Broker Analyst Picks of the S&P 500 »
Also see:
WLT Historical Stock Prices
Top Ten Hedge Funds Holding FIVA
XPO Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $538.43, changing hands for $540.85/share. And so with DECK crossing above that average target price of $538.43/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $538.43 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? There are 14 different analyst targets within the Zacks coverage universe contributing to that average for Deckers Outdoor Corp., but the average is just that — a mathematical average.
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In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $538.43, changing hands for $540.85/share. There are 14 different analyst targets within the Zacks coverage universe contributing to that average for Deckers Outdoor Corp., but the average is just that — a mathematical average. But the whole reason to look at the average DECK price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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There are 14 different analyst targets within the Zacks coverage universe contributing to that average for Deckers Outdoor Corp., but the average is just that — a mathematical average. And so with DECK crossing above that average target price of $538.43/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $538.43 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $538.43, changing hands for $540.85/share.
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In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $538.43, changing hands for $540.85/share. There are 14 different analyst targets within the Zacks coverage universe contributing to that average for Deckers Outdoor Corp., but the average is just that — a mathematical average. But the whole reason to look at the average DECK price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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08c135ee-d091-4418-9b29-531ea25e36e7
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723788.0
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2023-07-05 00:00:00 UTC
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BTIG Maintains Deckers Outdoor (DECK) Buy Recommendation
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DECK
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https://www.nasdaq.com/articles/btig-maintains-deckers-outdoor-deck-buy-recommendation-0
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nan
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nan
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Fintel reports that on July 5, 2023, BTIG maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation.
Analyst Price Forecast Suggests 1.32% Upside
As of June 1, 2023, the average one-year price target for Deckers Outdoor is 538.50. The forecasts range from a low of 398.95 to a high of $640.50. The average price target represents an increase of 1.32% from its latest reported closing price of 531.46.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%. The projected annual non-GAAP EPS is 22.00.
What is the Fund Sentiment?
There are 1154 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 105 owner(s) or 10.01% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.43%, an increase of 5.17%. Total shares owned by institutions decreased in the last three months by 4.25% to 30,119K shares.
The put/call ratio of DECK is 1.11, indicating a bearish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 817K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 805K shares, representing an increase of 1.45%. The firm increased its portfolio allocation in DECK by 5.53% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 813K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 817K shares, representing a decrease of 0.51%. The firm increased its portfolio allocation in DECK by 7.24% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 735K shares representing 2.79% ownership of the company. In it's prior filing, the firm reported owning 743K shares, representing a decrease of 1.03%. The firm increased its portfolio allocation in DECK by 6.56% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 690K shares representing 2.62% ownership of the company. In it's prior filing, the firm reported owning 682K shares, representing an increase of 1.16%. The firm increased its portfolio allocation in DECK by 9.37% over the last quarter.
FDGRX - Fidelity Growth Company Fund holds 598K shares representing 2.27% ownership of the company. In it's prior filing, the firm reported owning 604K shares, representing a decrease of 1.10%. The firm increased its portfolio allocation in DECK by 6.01% over the last quarter.
Deckers Outdoor Background Information
(This description is provided by the company.)
Deckers Outdoor Corporation, doing business as Deckers Brands, is a footwear designer and distributor based in Goleta, California, United States. It was founded in 1973 by University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker.
Additional reading:
Form 10-K
DECKERS BRANDS REPORTS FOURTH QUARTER AND FULL FISCAL YEAR 2023 FINANCIAL RESULTS
Form 10-Q
DECKERS BRANDS REPORTS THIRD QUARTER FISCAL 2023 FINANCIAL RESULTS
Form 10-Q
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on July 5, 2023, BTIG maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 1.32% Upside As of June 1, 2023, the average one-year price target for Deckers Outdoor is 538.50. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Fintel reports that on July 5, 2023, BTIG maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 1.32% Upside As of June 1, 2023, the average one-year price target for Deckers Outdoor is 538.50. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Fintel reports that on July 5, 2023, BTIG maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 1.32% Upside As of June 1, 2023, the average one-year price target for Deckers Outdoor is 538.50. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%. There are 1154 funds or institutions reporting positions in Deckers Outdoor. Fintel reports that on July 5, 2023, BTIG maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation.
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fb03a729-08d3-42a6-891d-1e40d17ed0b2
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723789.0
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2023-07-05 00:00:00 UTC
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How to Boost Your Portfolio with Top Consumer Discretionary Stocks Set to Beat Earnings
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DECK
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https://www.nasdaq.com/articles/how-to-boost-your-portfolio-with-top-consumer-discretionary-stocks-set-to-beat-earnings-23
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nan
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nan
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Earnings are arguably the most important single number on a company's quarterly financial report. Wall Street clearly dives into all of the other metrics and management's input, but the EPS figure helps cut through all the noise.
We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.
Now that we know how important earnings and earnings surprises are, it's time to show investors how to take advantage of these events to boost their returns by utilizing the Zacks Earnings ESP filter.
The Zacks Earnings ESP, Explained
The Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information.
With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.
When we join a positive earnings ESP with a Zacks Rank #3 (Hold) or stronger, stocks posted a positive bottom-line surprise 70% of the time. Plus, this system saw investors produce roughly 28% annual returns on average, according to our 10 year backtest.
Stocks with a ranking of #3 (Hold), or 60% of all stocks covered by the Zacks Rank, are expected to perform in-line with the broader market. Stocks with rankings of #2 (Buy) and #1 (Strong Buy), or the top 15% and top 5% of stocks, respectively, should outperform the market; Strong Buy stocks should outperform more than any other rank.
Should You Consider Deckers?
The final step today is to look at a stock that meets our ESP qualifications. Deckers (DECK) earns a #3 (Hold) 22 days from its next quarterly earnings release on July 27, 2023, and its Most Accurate Estimate comes in at $2.17 a share.
Deckers' Earnings ESP sits at +0.32%, which, as explained above, is calculated by taking the percentage difference between the $2.17 Most Accurate Estimate and the Zacks Consensus Estimate of $2.16. DECK is also part of a large group of stocks that boast a positive ESP. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
DECK is just one of a large group of Consumer Discretionary stocks with a positive ESP figure. Marriott International (MAR) is another qualifying stock you may want to consider.
Slated to report earnings on August 1, 2023, Marriott International holds a #2 (Buy) ranking on the Zacks Rank, and it's Most Accurate Estimate is $2.56 a share 27 days from its next quarterly update.
The Zacks Consensus Estimate for Marriott International is $2.18, and when you take the percentage difference between that number and its Most Accurate Estimate, you get the Earnings ESP figure of +17.2%.
Because both stocks hold a positive Earnings ESP, DECK and MAR could potentially post earnings beats in their next reports.
Find Stocks to Buy or Sell Before They're Reported
Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Marriott International, Inc. (MAR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Should You Consider Deckers? Deckers (DECK) earns a #3 (Hold) 22 days from its next quarterly earnings release on July 27, 2023, and its Most Accurate Estimate comes in at $2.17 a share. Deckers' Earnings ESP sits at +0.32%, which, as explained above, is calculated by taking the percentage difference between the $2.17 Most Accurate Estimate and the Zacks Consensus Estimate of $2.16.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Marriott International, Inc. (MAR) : Free Stock Analysis Report To read this article on Zacks.com click here. Should You Consider Deckers? Deckers (DECK) earns a #3 (Hold) 22 days from its next quarterly earnings release on July 27, 2023, and its Most Accurate Estimate comes in at $2.17 a share.
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Should You Consider Deckers? Deckers (DECK) earns a #3 (Hold) 22 days from its next quarterly earnings release on July 27, 2023, and its Most Accurate Estimate comes in at $2.17 a share. Deckers' Earnings ESP sits at +0.32%, which, as explained above, is calculated by taking the percentage difference between the $2.17 Most Accurate Estimate and the Zacks Consensus Estimate of $2.16.
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Because both stocks hold a positive Earnings ESP, DECK and MAR could potentially post earnings beats in their next reports. Should You Consider Deckers? Deckers (DECK) earns a #3 (Hold) 22 days from its next quarterly earnings release on July 27, 2023, and its Most Accurate Estimate comes in at $2.17 a share.
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d799e003-97c8-44d0-8852-376719b7cfbc
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723790.0
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2023-07-04 00:00:00 UTC
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DECK Quantitative Stock Analysis
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DECK
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https://www.nasdaq.com/articles/deck-quantitative-stock-analysis-0
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nan
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nan
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Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK). Of the 22 guru strategies we follow, DECK rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. The rating using this strategy is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: PASS
Detailed Analysis of DECKERS OUTDOOR CORP
DECK Guru Analysis
DECK Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
Additional Research Links
Top NASDAQ 100 Stocks
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
High Shareholder Yield Stocks
Excess Returns Investing Podcast
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK). Of the 22 guru strategies we follow, DECK rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry.
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Of the 22 guru strategies we follow, DECK rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DECKERS OUTDOOR CORP DECK Guru Analysis DECK Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK).
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Of the 22 guru strategies we follow, DECK rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DECKERS OUTDOOR CORP DECK Guru Analysis DECK Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK).
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Of the 22 guru strategies we follow, DECK rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DECKERS OUTDOOR CORP DECK Guru Analysis DECK Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK).
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ca20b6b6-1a63-4df7-a221-47e45898e76a
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723791.0
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2023-07-03 00:00:00 UTC
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Can Deckers Outdoor (DECK) Continue the Rally Amid High Costs?
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DECK
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https://www.nasdaq.com/articles/can-deckers-outdoor-deck-continue-the-rally-amid-high-costs
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nan
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Deckers Outdoor Corporation DECK has been benefiting from the strength of its HOKA brand. Omnichannel growth and a focus on core priorities have been working well for this footwear and lifestyle company. DECK’s focus on expanding brand assortments, targeting consumers digitally and optimizing omnichannel distribution has also been a driver. These upsides have been boosting this Zacks Rank #3 (Hold) company despite high SG&A costs.
In the fourth quarter of fiscal 2023, Deckers’ top and bottom lines increased year over year and beat the Zacks Consensus Estimate. Top-line growth was driven by the strength of the HOKA and Teva brands. On its fourth-quarterearnings call management stated that despite the ever-changing operating landscape, the company maintains a strong belief in the enduring resilience of the footwear category.
The Zacks Consensus Estimate for the current fiscal-year earnings per share (EPS) has risen by 3 cents to $21.76 over the past 30 days.
Shares of DECK have surged 115.6% in the past year compared with the industry’s growth of 13.4%. The stock has also outpaced the Consumer Discretionary sector’s growth of 10.2% and the S&P 500’s increase of 16.4%.
Image Source: Zacks Investment Research
Key Drivers
Deckers’ HOKA brand has been aiding its top line for the past several quarters, as evidenced by its contribution in the fourth quarter of fiscal 2023. In the reported quarter, HOKA generated record revenues of $397.7 million as the brand nearly doubled its direct-to-consumer (DTC) business. HOKA’s growth was backed by share gains in the wholesale channel.
Deckers remains optimistic about its investments in long-term strategic priorities and its ability to maintain a disciplined approach for sustained profitability. It has been on track with its plans to build HOKA into a multibillion-dollar major player, elevating UGG as a global lifestyle brand with diverse product offerings around the year and enhancing the DTC business.
Deckers is actively expanding its omnichannel presence and investing significantly in the e-commerce platform for an enhanced online shopping experience. Smaller-concept omnichannel stores and programs like Retail Inventory Online and Click and Collect are some of the actions taken to enhance the consumer experience.
Customer-centric product and marketing strategies, along with CRM software and loyalty programs, have also been key priorities. Aligning product categories with customer demand trends and selling directly to wholesale customers are some of the initiatives which are likely to boost sales and margins.
High SG&A Costs
Deckers’ SG&A expenses have been rising year over year for a while now. In the fourth quarter of fiscal 2023, SG&A expenses rose 4.6% year over year to $290.2 million. As a percentage of net sales, SG&A expenses were 36.7%, down from 37.7% reported in the year-ago quarter. Any reduction in expenses, unless fully compensated by increased sales, can directly impact profit margins. The operating margin increased from 17.9% to 18% from fiscal 2022 to fiscal 2023.
Management now expects the operating margin to be in line with fiscal 2023 of 18% in fiscal 2024. This outlook assumes no meaningful changes to the company's business prospects or risks and uncertainties identified by management that could impact future results.
Wrapping Up
Deckers looks well-placed for growth on the aforementioned initiatives and strategies. The company expects fiscal 2024 net sales to be approximately $3.950 billion compared with $3.627 billion reported in fiscal 2023.
The gross margin is expected to be approximately 52% compared with 50.3% reported in fiscal 2023. For fiscal 2024, the company’s earnings are envisioned in the band of $21.26-$23.50 per share, suggesting a rise from the $19.37 per share reported in fiscal 2022.
Some Promising Retail Stocks
G-III Apparel Group GIII, a manufacturer, designer and distributor of apparel and accessories under licensed brands, currently sports a Zacks Rank #1 (Strong Buy). GIII has a trailing four-quarter earnings surprise of 47.4%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for G-III Apparel’s current fiscal-year revenue and EPS suggests a nominal increase of 1.9% and 0.4%, respectively, from the year-ago reported numbers.
lululemon athletica LULU, which is a yoga-inspired athletic apparel company that creates lifestyle components, currently carries a Zacks Rank #2 (Buy). LULU has a trailing four-quarter earnings surprise of 9.9%, on average.
The Zacks Consensus Estimate for lululemon’s current fiscal-year revenue and EPS implies a significant increase of 17.1% and 18.4%, respectively, from the year-ago reported numbers.
The TJX Companies TJX, an off-price retailer of apparel and home fashions, currently carries a Zacks Rank #2. TJX has a trailing four-quarter earnings surprise of 4.4%, on average.
The Zacks Consensus Estimate for The TJX Companies’ current fiscal-year revenue and EPS indicates an increase of 6.4% and 14.8%, respectively, from the year-ago reported numbers.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The TJX Companies, Inc. (TJX) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
lululemon athletica inc. (LULU) : Free Stock Analysis Report
G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corporation DECK has been benefiting from the strength of its HOKA brand. DECK’s focus on expanding brand assortments, targeting consumers digitally and optimizing omnichannel distribution has also been a driver. In the fourth quarter of fiscal 2023, Deckers’ top and bottom lines increased year over year and beat the Zacks Consensus Estimate.
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Image Source: Zacks Investment Research Key Drivers Deckers’ HOKA brand has been aiding its top line for the past several quarters, as evidenced by its contribution in the fourth quarter of fiscal 2023. Click to get this free report The TJX Companies, Inc. (TJX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK has been benefiting from the strength of its HOKA brand.
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In the fourth quarter of fiscal 2023, Deckers’ top and bottom lines increased year over year and beat the Zacks Consensus Estimate. Image Source: Zacks Investment Research Key Drivers Deckers’ HOKA brand has been aiding its top line for the past several quarters, as evidenced by its contribution in the fourth quarter of fiscal 2023. Click to get this free report The TJX Companies, Inc. (TJX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the fourth quarter of fiscal 2023, Deckers’ top and bottom lines increased year over year and beat the Zacks Consensus Estimate. Deckers Outdoor Corporation DECK has been benefiting from the strength of its HOKA brand. DECK’s focus on expanding brand assortments, targeting consumers digitally and optimizing omnichannel distribution has also been a driver.
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3d0ff794-5f42-4b39-a6b5-e7338babfc5b
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723792.0
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2023-07-03 00:00:00 UTC
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Notable ETF Outflow Detected - IJH, DECK, CSL, WSO
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DECK
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https://www.nasdaq.com/articles/notable-etf-outflow-detected-ijh-deck-csl-wso
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $91.5 million dollar outflow -- that's a 0.1% decrease week over week (from 265,450,000 to 265,100,000). Among the largest underlying components of IJH, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 1.7%, Carlisle Companies Inc. (Symbol: CSL) is trading flat, and Watsco Inc. (Symbol: WSO) is higher by about 0.1%. For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average:
Looking at the chart above, IJH's low point in its 52 week range is $217.39 per share, with $272.95 as the 52 week high point — that compares with a last trade of $262.60. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
Stocks Analysts Like But Hedge Funds Are Selling
FMX Dividend History
OLED Stock Predictions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of IJH, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 1.7%, Carlisle Companies Inc. (Symbol: CSL) is trading flat, and Watsco Inc. (Symbol: WSO) is higher by about 0.1%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of IJH, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 1.7%, Carlisle Companies Inc. (Symbol: CSL) is trading flat, and Watsco Inc. (Symbol: WSO) is higher by about 0.1%. For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $217.39 per share, with $272.95 as the 52 week high point — that compares with a last trade of $262.60. Free Report: Top 8%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Among the largest underlying components of IJH, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 1.7%, Carlisle Companies Inc. (Symbol: CSL) is trading flat, and Watsco Inc. (Symbol: WSO) is higher by about 0.1%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $91.5 million dollar outflow -- that's a 0.1% decrease week over week (from 265,450,000 to 265,100,000). For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $217.39 per share, with $272.95 as the 52 week high point — that compares with a last trade of $262.60.
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Among the largest underlying components of IJH, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 1.7%, Carlisle Companies Inc. (Symbol: CSL) is trading flat, and Watsco Inc. (Symbol: WSO) is higher by about 0.1%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $91.5 million dollar outflow -- that's a 0.1% decrease week over week (from 265,450,000 to 265,100,000). For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $217.39 per share, with $272.95 as the 52 week high point — that compares with a last trade of $262.60.
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33a58be7-f3af-40c5-ac8d-8877e9ce9dd1
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723793.0
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2023-06-27 00:00:00 UTC
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3 Must-Buy Stocks to Profit From America’s Obsessions
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DECK
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https://www.nasdaq.com/articles/3-must-buy-stocks-to-profit-from-americas-obsessions
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Years ago, when I started writing about investing, I developed a concept called “Everyday Investing,” an idea borrowed from Peter Lynch’s belief that investors should buy what they know. In April 2019, I selected eight stocks whose products America loves. Except for Walt Disney (NYSE:DIS), these high-potential consumer stocks have advanced in the four-plus years since.
As I wrote back in 2019, there’s an old saying in the financial services business that it’s better to buy a company’s stock than a company’s products if you genuinely want to become wealthy. That’s because the products are designed to make the company money, not you.
Financial education site Simple.Thrifty.Living produced a study taking 35 companies and examining what you would have made by buying the stocks of these businesses instead of spending the money on their products. It found that you would have made money investing in 31 of the 35 companies.
Furthermore, despite concerns about a recession and inflation causing consumers to tighten their belts, consumer discretionary has been the third-best performing S&P 500 sector so far this year, after technology and communication services.
Below are three must-buy consumer stocks to profit from product obsessions.
Lululemon (LULU)
Source: lentamart / Shutterstock
The only serious mistake Lululemon (NASDAQ:LULU) has made since becoming a public company in July 2007 was its $500 million purchase of Mirror in 2020. At the time, I thought it had a real shot of integrating the at-home fitness product into the Lululemon ecosystem.
As a result, I picked LULU over Peloton Interactive (NASDAQ:PTON) as a better bet for the long haul. PTON stock is down 92% in the nearly three years since. LULU is up 15% in the same period, but the S&P 500 is up 29%, so LULU’s got some work to do.
However, there’s no question that Americans love its products. In Q1, the athletic apparel maker reported revenue of $2 billion, 24% higher than a year earlier. While the U.S. accounts for the majority of revenue, sales in China and other parts of the world are increasing rapidly, with international sales up 60% year over year in Q1.
Thanks to the company’s Power of Three x2 plan, investors can expect healthy growth for years to come. For all of 2023, management forecasts sales of $9.48 billion at the midpoint of guidance, up 17%, and earnings per share of around $11.84.
While shares trade at nearly 32x forward earnings, you must pay for quality. In five to 10 years, buying LULU at $375 likely won’t seem like a bad idea.
Deckers Outdoor (DECK)
Source: It for you / Shutterstock.com
Deckers Outdoor (NYSE:DECK) Chief Executive Officer (CEO) Dave Powers might not be the one who pulled the trigger on what is arguably the most successful acquisition in the history of footwear — the company acquired Hoka in 2013 when it had just $3 million in sales — but he has certainly done everything possible to make the sneaker brand an unbelievable success.
Powers was appointed CEO in 2016 and immediately went to work helping the brand grow. At the time, the Ugg brand was doing about $1.5 billion in sales. He used their popularity to get running shoe brand Hoka more shelf space at footwear retailers nationwide. Fast forward to today and Hoka is generating $1.41 billion in annual sales, not far off from Ugg with its $1.93 billion in net sales.
Deckers now has two billion-dollar brands driving its revenue and earnings growth. While it continues to push those two brands, I’m sure Powers is looking for a third billion-dollar brand.
Deckers is a no-brainer among must-buy consumer stocks with almost no debt, nearly $1 billion in cash and plenty of future growth potential.
BRP (BRP)
Source: faak/shutterstock.com
Is it a coincidence that I’m Canadian, and two of my three picks are Canadian companies? Maybe. Maybe not. The one thing I do know is that BRP (NASDAQ:DOOO) and Lululemon have managed to gain American consumers’ support, which has been vital to their success.
In BRP’s situation, the sale of side-by-side vehicles (SSVs) and three-wheel vehicles (3WV) has really lit a fire under its business in recent years.
The Quebec-based company reported fiscal Q1 results on June 1. They included a 34% year-over-year increase in revenue to 2.43 billion Canadian dollars ($1.85 billion) and normalized net income of 192 million Canadian Dollars ($146 million).
In the first quarter, sales of year-round products, which include its SSVs and 3WVs, increased by 42.7% to 1.33 billion Canadian dollars ($101.1 million), accounting for 55% of its overall sales.
For all of fiscal 2024, BRP expects sales to rise 10.5% at the midpoint of guidance, with year-round products accounting for 48%, seasonal products (such as Ski-Doo snowmobiles and Sea-Doo personal watercraft) accounting for 34%, and its marine and powersports accessories business accounting for the rest.
The SSVs and 3WVs have changed the company’s business trajectory, especially in the U.S. I don’t see growth slowing in the next few years.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
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The post 3 Must-Buy Stocks to Profit From America’s Obsessions appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor (DECK) Source: It for you / Shutterstock.com Deckers Outdoor (NYSE:DECK) Chief Executive Officer (CEO) Dave Powers might not be the one who pulled the trigger on what is arguably the most successful acquisition in the history of footwear — the company acquired Hoka in 2013 when it had just $3 million in sales — but he has certainly done everything possible to make the sneaker brand an unbelievable success. Deckers is a no-brainer among must-buy consumer stocks with almost no debt, nearly $1 billion in cash and plenty of future growth potential. Deckers now has two billion-dollar brands driving its revenue and earnings growth.
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Deckers Outdoor (DECK) Source: It for you / Shutterstock.com Deckers Outdoor (NYSE:DECK) Chief Executive Officer (CEO) Dave Powers might not be the one who pulled the trigger on what is arguably the most successful acquisition in the history of footwear — the company acquired Hoka in 2013 when it had just $3 million in sales — but he has certainly done everything possible to make the sneaker brand an unbelievable success. Deckers now has two billion-dollar brands driving its revenue and earnings growth. Deckers is a no-brainer among must-buy consumer stocks with almost no debt, nearly $1 billion in cash and plenty of future growth potential.
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Deckers Outdoor (DECK) Source: It for you / Shutterstock.com Deckers Outdoor (NYSE:DECK) Chief Executive Officer (CEO) Dave Powers might not be the one who pulled the trigger on what is arguably the most successful acquisition in the history of footwear — the company acquired Hoka in 2013 when it had just $3 million in sales — but he has certainly done everything possible to make the sneaker brand an unbelievable success. Deckers now has two billion-dollar brands driving its revenue and earnings growth. Deckers is a no-brainer among must-buy consumer stocks with almost no debt, nearly $1 billion in cash and plenty of future growth potential.
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Deckers Outdoor (DECK) Source: It for you / Shutterstock.com Deckers Outdoor (NYSE:DECK) Chief Executive Officer (CEO) Dave Powers might not be the one who pulled the trigger on what is arguably the most successful acquisition in the history of footwear — the company acquired Hoka in 2013 when it had just $3 million in sales — but he has certainly done everything possible to make the sneaker brand an unbelievable success. Deckers now has two billion-dollar brands driving its revenue and earnings growth. Deckers is a no-brainer among must-buy consumer stocks with almost no debt, nearly $1 billion in cash and plenty of future growth potential.
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ab321a46-30f1-43ea-9146-c76198a1a1c4
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723794.0
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2023-06-22 00:00:00 UTC
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Deckers (DECK) to Benefit From Brand Strength Amid Headwinds
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DECK
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https://www.nasdaq.com/articles/deckers-deck-to-benefit-from-brand-strength-amid-headwinds
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nan
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nan
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Deckers Outdoor Corporation DECK currently boasts solid prospects, driven by the steady demand for its products, focus on product innovations, store expansion and strengthening e-commerce capabilities. However, the company has been struggling with high operating costs and expenses, supply chain issues and inflationary headwinds for some time.
Image Source: Zacks Investment Research
This Zacks Rank #3 (Hold) company has a market capitalization of $13.3 billion. In the past three months, it has gained 15.3% against the industry’s decline of 6.7%.
Let’s delve deeper.
Factors Favoring Deckers Outdoor
Deckers has been benefiting from strength across its HOKA and Teva brands, fueled by impressive demand for its products and effective pricing actions. For instance, in the fourth quarter of fiscal 2023, HOKA generated record revenues of $397.7 million as the brand nearly doubled its direct-to-consumer (DTC) business. HOKA’s growth was backed by share gains in the wholesale channel. The brand’s global revenues were $397.7 million, reflecting growth of 40.3% year over year. Also, Teva brand net sales increased 14.6% to $62.8 million.
Deckers is looking to capitalize on profitable and underpenetrated markets and remains focused on product innovations, store expansion and enhancing e-commerce capabilities. Greater acceptance of the UGG brand's product line, along with progress in Europe and Asia Pacific, bode well. The company is expected to open additional retail stores for the HOKA brand and to continue exploring opportunities to strategically expand HOKA’s retail store fleet.
For fiscal 2024, Deckers envisions net sales of about $3.950 billion, indicating an increase of 9% on a year-over-year basis. It expects the HOKA brand to grow 20%, implying more than $280 million of incremental revenues compared with the previous year. Management forecasts sturdy demand from its Direct-to-Consumer (DTC) channel. Management also anticipates UGG revenues to increase in low single digits, supported by international expansion and a flat U.S. marketplace.
DECK’s solid liquidity position also adds to its strength. Exiting fiscal 2023, its cash and cash equivalents were $981.8 million, with no outstanding borrowings. Also, in the fiscal fourth quarter, the company repurchased shares worth $102.5 million. As of Mar 31, 2023, it had $1.357 billion remaining under its share repurchase authorization.
Factors Affecting the Company
Deckers has been subject to escalating costs and expenses and inflationary pressures for a while now. In the fiscal fourth quarter, its selling, general and administrative expenses climbed 4.6% year over year to $290.2 million. This followed an increase of 6.7% in the same metric in the preceding quarter. Escalating costs and expenses, if not controlled, might weigh on the company’s margins and profitability in the quarters ahead.
Given the UGG brand’s significant presence across global markets, it is expected to witness significant headwinds from foreign currency exchange rates. Notably, currency headwinds had a negative impact of $100 million on revenues in fiscal 2023.
Key Picks
Some better-ranked stocks are Skechers U.S.A., Inc. SKX, Alto Ingredients, Inc. ALTO and Adtalem Global Education, Inc. ATGE. While SKX sports a Zacks Rank #1 (Strong Buy), ALTO and ATGE carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Skechers specializes in producing footwear for men, women and children. The Zacks Consensus Estimate for SKX’s current financial-year sales suggests 7.7% growth, while earnings per share are expected to rise by 31.5% from the corresponding year-ago reported figures. Skechers’ has a trailing four-quarter earnings surprise of 18.8%, on average.
Alto Ingredients is a producer of specialty alcohols and essential ingredients in the United States. The Zacks Consensus Estimate for ALTO’s current financial-year sales suggests a decline of 6.6%, while earnings per share is likely to grow 78.3% from the corresponding year-ago reported figures. Alto Ingredients’ earnings surprise in the last reported quarter was 10.5%.
Adtalem Global Education is a provider of workforce solutions worldwide. ATGE’s has a trailing four-quarter earnings surprise of 20.1%, on average. The Zacks Consensus Estimate for Adtalem Global Education’s current financial year sales suggests a decline of 0.2%, while earnings are likely to grow 27.2% from the prior-year reported numbers.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Adtalem Global Education Inc. (ATGE) : Free Stock Analysis Report
Alto Ingredients, Inc. (ALTO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corporation DECK currently boasts solid prospects, driven by the steady demand for its products, focus on product innovations, store expansion and strengthening e-commerce capabilities. Factors Favoring Deckers Outdoor Deckers has been benefiting from strength across its HOKA and Teva brands, fueled by impressive demand for its products and effective pricing actions. Deckers is looking to capitalize on profitable and underpenetrated markets and remains focused on product innovations, store expansion and enhancing e-commerce capabilities.
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Click to get this free report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Adtalem Global Education Inc. (ATGE) : Free Stock Analysis Report Alto Ingredients, Inc. (ALTO) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK currently boasts solid prospects, driven by the steady demand for its products, focus on product innovations, store expansion and strengthening e-commerce capabilities. Factors Favoring Deckers Outdoor Deckers has been benefiting from strength across its HOKA and Teva brands, fueled by impressive demand for its products and effective pricing actions.
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Click to get this free report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Adtalem Global Education Inc. (ATGE) : Free Stock Analysis Report Alto Ingredients, Inc. (ALTO) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK currently boasts solid prospects, driven by the steady demand for its products, focus on product innovations, store expansion and strengthening e-commerce capabilities. Factors Favoring Deckers Outdoor Deckers has been benefiting from strength across its HOKA and Teva brands, fueled by impressive demand for its products and effective pricing actions.
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Deckers Outdoor Corporation DECK currently boasts solid prospects, driven by the steady demand for its products, focus on product innovations, store expansion and strengthening e-commerce capabilities. Factors Favoring Deckers Outdoor Deckers has been benefiting from strength across its HOKA and Teva brands, fueled by impressive demand for its products and effective pricing actions. Deckers is looking to capitalize on profitable and underpenetrated markets and remains focused on product innovations, store expansion and enhancing e-commerce capabilities.
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83e96beb-0f54-4442-ab2f-e2dbc44f3c06
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723795.0
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2023-06-22 00:00:00 UTC
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Implied Volatility Surging for Deckers (DECK) Stock Options
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DECK
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https://www.nasdaq.com/articles/implied-volatility-surging-for-deckers-deck-stock-options
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nan
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nan
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Investors in Deckers Outdoor Corporation DECK need to pay close attention to the stock based on moves in the options market lately. That is because the Jul 21, 2023 $310.00 Put had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Deckers’ shares, but what is the fundamental picture for the company? Currently, Deckers is a Zacks Rank #3 (Hold) in the Shoes and Retail Apparel industry that ranks in the Top 45% of our Zacks Industry Rank. Over the last 30 days, three analysts have increased their earnings estimates for the current quarter, while two have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $2.06 per share to $2.16 in that period.
Given the way analysts feel about Deckers right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Looking to Trade Options?
Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk.
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7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors in Deckers Outdoor Corporation DECK need to pay close attention to the stock based on moves in the options market lately. Clearly, options traders are pricing in a big move for Deckers’ shares, but what is the fundamental picture for the company? Currently, Deckers is a Zacks Rank #3 (Hold) in the Shoes and Retail Apparel industry that ranks in the Top 45% of our Zacks Industry Rank.
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Investors in Deckers Outdoor Corporation DECK need to pay close attention to the stock based on moves in the options market lately. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Clearly, options traders are pricing in a big move for Deckers’ shares, but what is the fundamental picture for the company?
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Investors in Deckers Outdoor Corporation DECK need to pay close attention to the stock based on moves in the options market lately. Clearly, options traders are pricing in a big move for Deckers’ shares, but what is the fundamental picture for the company? Currently, Deckers is a Zacks Rank #3 (Hold) in the Shoes and Retail Apparel industry that ranks in the Top 45% of our Zacks Industry Rank.
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Clearly, options traders are pricing in a big move for Deckers’ shares, but what is the fundamental picture for the company? Investors in Deckers Outdoor Corporation DECK need to pay close attention to the stock based on moves in the options market lately. Currently, Deckers is a Zacks Rank #3 (Hold) in the Shoes and Retail Apparel industry that ranks in the Top 45% of our Zacks Industry Rank.
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2b41abd3-58ab-4094-b23a-b3167a9509d3
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723796.0
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2023-06-21 00:00:00 UTC
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SPDR S&P MIDCAP 400 ETF Trust Experiences Big Outflow
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DECK
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https://www.nasdaq.com/articles/spdr-sp-midcap-400-etf-trust-experiences-big-outflow-1
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P MIDCAP 400 ETF Trust (Symbol: MDY) where we have detected an approximate $70.1 million dollar outflow -- that's a 0.4% decrease week over week (from 40,320,000 to 40,170,000). Among the largest underlying components of MDY, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 1.5%, Penumbra Inc (Symbol: PEN) is off about 1.5%, and Lattice Semiconductor Corp (Symbol: LSCC) is lower by about 0.2%. For a complete list of holdings, visit the MDY Holdings page » The chart below shows the one year price performance of MDY, versus its 200 day moving average:
Looking at the chart above, MDY's low point in its 52 week range is $398.11 per share, with $499.48 as the 52 week high point — that compares with a last trade of $467.53. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
HAFC Options Chain
Funds Holding MMP
MEILW Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of MDY, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 1.5%, Penumbra Inc (Symbol: PEN) is off about 1.5%, and Lattice Semiconductor Corp (Symbol: LSCC) is lower by about 0.2%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of MDY, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 1.5%, Penumbra Inc (Symbol: PEN) is off about 1.5%, and Lattice Semiconductor Corp (Symbol: LSCC) is lower by about 0.2%. For a complete list of holdings, visit the MDY Holdings page » The chart below shows the one year price performance of MDY, versus its 200 day moving average: Looking at the chart above, MDY's low point in its 52 week range is $398.11 per share, with $499.48 as the 52 week high point — that compares with a last trade of $467.53. Free Report: Top 8%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Among the largest underlying components of MDY, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 1.5%, Penumbra Inc (Symbol: PEN) is off about 1.5%, and Lattice Semiconductor Corp (Symbol: LSCC) is lower by about 0.2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P MIDCAP 400 ETF Trust (Symbol: MDY) where we have detected an approximate $70.1 million dollar outflow -- that's a 0.4% decrease week over week (from 40,320,000 to 40,170,000). For a complete list of holdings, visit the MDY Holdings page » The chart below shows the one year price performance of MDY, versus its 200 day moving average: Looking at the chart above, MDY's low point in its 52 week range is $398.11 per share, with $499.48 as the 52 week high point — that compares with a last trade of $467.53.
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Among the largest underlying components of MDY, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 1.5%, Penumbra Inc (Symbol: PEN) is off about 1.5%, and Lattice Semiconductor Corp (Symbol: LSCC) is lower by about 0.2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P MIDCAP 400 ETF Trust (Symbol: MDY) where we have detected an approximate $70.1 million dollar outflow -- that's a 0.4% decrease week over week (from 40,320,000 to 40,170,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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0922ea98-38e2-4c67-8d51-54350eca0a4d
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723797.0
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2023-06-20 00:00:00 UTC
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DECK Quantitative Stock Analysis
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DECK
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https://www.nasdaq.com/articles/deck-quantitative-stock-analysis
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nan
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nan
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Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK). Of the 22 guru strategies we follow, DECK rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. The rating using this strategy is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: PASS
Detailed Analysis of DECKERS OUTDOOR CORP
DECK Guru Analysis
DECK Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
Additional Research Links
Top NASDAQ 100 Stocks
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
High Shareholder Yield Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK). Of the 22 guru strategies we follow, DECK rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry.
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Of the 22 guru strategies we follow, DECK rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DECKERS OUTDOOR CORP DECK Guru Analysis DECK Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK).
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Of the 22 guru strategies we follow, DECK rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DECKERS OUTDOOR CORP DECK Guru Analysis DECK Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK).
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Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK). Of the 22 guru strategies we follow, DECK rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DECKERS OUTDOOR CORP DECK Guru Analysis DECK Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return.
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bde77686-e0c0-4e4a-a9b8-4f511e2834a0
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723798.0
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2023-06-19 00:00:00 UTC
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3 Lesser-Known Stocks That Could Make You Rich
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DECK
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https://www.nasdaq.com/articles/3-lesser-known-stocks-that-could-make-you-rich
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Mega-cap tech stocks and household brands seem to get all the attention from analysts, investors and the media. This is a shame, because there are many lesser-known stocks that have racked up huge gains in both the short and long-terms, and beaten the broader market by a wide margin.
Typically, these are stocks of specialty companies that operate in a narrow segment of the economy. Many exceptionally well-run companies target a niche market and perform under the radar as small and medium-sized enterprise. Their executives don’t appear on CNBC and their ticker symbols aren’t splashed across the frontpage of The Wall Street Journal. But these stocks are like the little engine that could, quietly chugging their way to big gains for stockholders.
Here are three lesser-known stocks that could make you rich.
CROX Crocs $111.06
MNST Monster Beverage $58.81
DECK Deckers Outdoor $513.29
Crocs (CROX)
Source: Wannee_photographer / Shutterstock.com
Big gains can often be found in the stocks of unique, niche companies. Such is the case with Crocs (NASDAQ:CROX), the footwear company that specializes in making foam clogs. What started out as a novelty item sold largely seen along beach boardwalks has grown into a major corporation that today has more than 6,500 employees and annual sales in excess of $2 billion. Indeed, CROX stock has also been a powerhouse, gaining 117% over the last 12 months and increasing 508% over the past five years.
CROX stock has outperformed the shares of both Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) since 2018. Foam clogs have literally bested the iPhone in terms of stock performance. Who knew?
Key to Crocs’ success is the company’s endlessly inventive marketing campaigns, which emphasize fun and comfort to its consumers. The company most recently announced a partnership with Taco Bell that will see Crocs release a limited edition shoe with the restaurant’s branding. That kind of creativity has taken CROX stock far over the years, and should continue to do so.
Monster Beverage (MNST)
Source: Shutterstock
Monster Beverage (NASDAQ:MNST) is likely familiar to many investors as the company that sells energy drinks with muscular names such as “Monster Energy,” “Relentless,” and “Burn.” However, MNST stock doesn’t get as much attention as it should, given its impressive track record of outperformance.
The company’s share price is up 15% this year, has gained 33% over the last 12 months, risen 108% over five years, and increased 525% since June 2013. Twenty years ago, the stock was trading at 4 cents a share.
The stellar performance of MNST stock can be attributed to the fact that energy drinks have become an accepted part of mainstream culture and continue to rise in popularity. Despite health warnings about the excessive amounts of caffeine and sugar in energy drinks, consumers can’t get enough of them. This has propelled Monster’s earnings and stock to new heights. Notably, MNST stock has split three times since 2012, most recently a two-for-one split executed in March of this year.
Monster is now getting into the alcohol business, which it sees as a future driver of growth. In 2022, the company bought craft beer maker CANArchy for $330 million. CANArchy makes flavored malt liquor with compelling names such as “The Beast Unleashed.”
Deckers Outdoor (DECK)
Source: It for you / Shutterstock.com
Another shoe company that is not widely known, but has been kicking butt lately, is Deckers Outdoor (NYSE:DECK). The company, which has been around since 1973, has seen its stock skyrocket. Over the last 12 months, DECK stock has increased 96%, including a 30% gain so far in 2023. Through five years, the share price has risen 325%. The success can be attributed to sales of the company’s Hoka brand of running shoes, which have become extremely popular among runners worldwide. Deckers Outdoor also makes UGG-branded footwear.
Despite the huge run over the past year, analysts remain bullish on DECK stock. Raymond James (NYSE:RJF) just initiated coverage of Deckers Outdoor with an “outperform” (buy) rating and a price target that is 12% higher than where the shares currently trade. Sales at Decker continue to grow due to the popularity of Hoka runners. Consider that the company has beaten analysts’ expectations for earnings and revenue in every quarter since February 2022, and five analysts boosted their price targets on DECK stock since May 26 of this year.
On the date of publication, Joel Baglole held a long position in AAPL. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Raymond James (NYSE:RJF) just initiated coverage of Deckers Outdoor with an “outperform” (buy) rating and a price target that is 12% higher than where the shares currently trade. CROX Crocs $111.06 MNST Monster Beverage $58.81 DECK Deckers Outdoor $513.29 Crocs (CROX) Source: Wannee_photographer / Shutterstock.com Big gains can often be found in the stocks of unique, niche companies. CANArchy makes flavored malt liquor with compelling names such as “The Beast Unleashed.” Deckers Outdoor (DECK) Source: It for you / Shutterstock.com Another shoe company that is not widely known, but has been kicking butt lately, is Deckers Outdoor (NYSE:DECK).
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CROX Crocs $111.06 MNST Monster Beverage $58.81 DECK Deckers Outdoor $513.29 Crocs (CROX) Source: Wannee_photographer / Shutterstock.com Big gains can often be found in the stocks of unique, niche companies. CANArchy makes flavored malt liquor with compelling names such as “The Beast Unleashed.” Deckers Outdoor (DECK) Source: It for you / Shutterstock.com Another shoe company that is not widely known, but has been kicking butt lately, is Deckers Outdoor (NYSE:DECK). Over the last 12 months, DECK stock has increased 96%, including a 30% gain so far in 2023.
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CROX Crocs $111.06 MNST Monster Beverage $58.81 DECK Deckers Outdoor $513.29 Crocs (CROX) Source: Wannee_photographer / Shutterstock.com Big gains can often be found in the stocks of unique, niche companies. CANArchy makes flavored malt liquor with compelling names such as “The Beast Unleashed.” Deckers Outdoor (DECK) Source: It for you / Shutterstock.com Another shoe company that is not widely known, but has been kicking butt lately, is Deckers Outdoor (NYSE:DECK). Over the last 12 months, DECK stock has increased 96%, including a 30% gain so far in 2023.
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CROX Crocs $111.06 MNST Monster Beverage $58.81 DECK Deckers Outdoor $513.29 Crocs (CROX) Source: Wannee_photographer / Shutterstock.com Big gains can often be found in the stocks of unique, niche companies. CANArchy makes flavored malt liquor with compelling names such as “The Beast Unleashed.” Deckers Outdoor (DECK) Source: It for you / Shutterstock.com Another shoe company that is not widely known, but has been kicking butt lately, is Deckers Outdoor (NYSE:DECK). Over the last 12 months, DECK stock has increased 96%, including a 30% gain so far in 2023.
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ca476799-981b-44a5-9381-c3070df19168
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2023-06-15 00:00:00 UTC
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Deckers in Buy Zone, Propelled by Swift Pace of Hoka Sales
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DECK
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https://www.nasdaq.com/articles/deckers-in-buy-zone-propelled-by-swift-pace-of-hoka-sales
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nan
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nan
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For years, Deckers Outdoor Corp. (NYSE: DECK) was associated with UGG Boots, a cozy, sheepskin-lined footwear originally Australian surfers. The boots have been popular with customers and social media influencers over the years, although they’ve been the recipient of plenty of snark from people who dub the footwear "ugly,"a play on its name.
However, the fortunes of the company are now propelled by Hoka athletic shoes, known for their maximal cushioning, comfort and support. The shoes are marketed as being ideal for running and hiking.
Hoka sales have helped send Deckers shares up 19.77% in the past three months. Decker stock is currently in buy range, as it’s less than 1% above a buy point of $503.48.
Despite widely known challenges regarding inflation and economic worries, companies selling athletic shoes and gear are among the market’s top performers.
Athletic Shoe Industry Steps into Leadership
Shoemakers On Holding AG (NYSE: ONON), Skechers USA Inc. (NYSE: SKX) and Crocs Inc. (NASDAQ: CROX) have notched gains recently. Meanwhile, athletic gear maker Lululemon Athletica Inc. (NASDAQ: LULU) has also shown strong technicals, as well as sales and earnings growth.
Deckers Outdoors’ sales and earnings have been moving in opposite directions; revenue has been growing but decelerating. Meanwhile, earnings growth accelerated in the past two quarters.
MarketBeat’s Deckers Outdoors earnings data show the company beating analysts’ earnings and revenue forecasts in every quarter since February 2022.
After the company reported earnings on May 25, investors were initially undecided about how to value the stock, as it gapped lower at the open. Other investors immediately spotted an opportunity and shares higher. The stock finished the May 26 session with a gain of 3.37%, at $465.18 and is up 9% since then.
Analysts Boosting Price Targets
On May 26, five analysts boosted their price targets, as you can see using Deckers Outdoors analyst ratings. On June 13, Raymond James initiated coverage with a rating of “outperform.” The consensus rating is “moderate buy.”
While Deckers stock has already exceeded the consensus price target of $502.50, Raymond James gave the stock a big vote of confidence when it initiated coverage, giving it a price target of $565.
One culprit behind the stock’s initial selloff may have been investor concerns about declining sales of the stalwart brand Ugg.
In the fourth quarter, Ugg brand net sales decreased by 16.1% to $314.3 million compared to $374.6 million in the year-earlier quarter.
Hoka Sales Racing Ahead
Hoka brand net sales increased a whopping 40.3% to $397.7 million compared to $283.5 million in the prior year’s fourth quarter. For the full year, Hoka sales were up 58.5%.
Once the reality of the dramatic gain in Hoka sales set in, shares were off to the races. In theearnings conference call CEO David Powers reassured investors that UGG was performing in line with expectations, as the company focused on growing the brand internationally and through direct-to-consumer channels. He noted that the brand continues to be popular with the crucial 18-to-34-year-old demographic.
Ugg and Hoka together total 89% of Deckers’ sales.
Lower-than-Expected Guidance
Fiscal 2024 guidance came in less than analysts expected. The company expects earnings per share between $21.10 and $21.60, versus estimates of $21.77. The company issued revenue guidance of $3.95 billion, below the consensus estimate of $3.97 billion.
But analysts and investors seem to be satisfied that the company is indeed on track for sustainable growth, driven by Hoka’s breathtakingly swift run and by sustained sales of UGG in international and direct-to-consumer channels.
The stock has been moving higher in recent sessions, finding solid support along its 10-day moving average. An increasing number of funds have been purchasing shares, another indication that professional investors are watching the fast growth of Hoka and eyeing the potential, rather than fretting too much about guidance that fell below their views.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For years, Deckers Outdoor Corp. (NYSE: DECK) was associated with UGG Boots, a cozy, sheepskin-lined footwear originally Australian surfers. Hoka sales have helped send Deckers shares up 19.77% in the past three months. Decker stock is currently in buy range, as it’s less than 1% above a buy point of $503.48.
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Analysts Boosting Price Targets On May 26, five analysts boosted their price targets, as you can see using Deckers Outdoors analyst ratings. For years, Deckers Outdoor Corp. (NYSE: DECK) was associated with UGG Boots, a cozy, sheepskin-lined footwear originally Australian surfers. Hoka sales have helped send Deckers shares up 19.77% in the past three months.
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On June 13, Raymond James initiated coverage with a rating of “outperform.” The consensus rating is “moderate buy.” While Deckers stock has already exceeded the consensus price target of $502.50, Raymond James gave the stock a big vote of confidence when it initiated coverage, giving it a price target of $565. For years, Deckers Outdoor Corp. (NYSE: DECK) was associated with UGG Boots, a cozy, sheepskin-lined footwear originally Australian surfers. Hoka sales have helped send Deckers shares up 19.77% in the past three months.
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For years, Deckers Outdoor Corp. (NYSE: DECK) was associated with UGG Boots, a cozy, sheepskin-lined footwear originally Australian surfers. Ugg and Hoka together total 89% of Deckers’ sales. Hoka sales have helped send Deckers shares up 19.77% in the past three months.
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34c4bbc1-5dc0-4ef7-8285-c3ff5eba945b
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