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723800.0
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2023-06-13 00:00:00 UTC
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Decker's Teva In Deal With Misa Hylton
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DECK
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https://www.nasdaq.com/articles/deckers-teva-in-deal-with-misa-hylton
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nan
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nan
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(RTTNews) - Apparel company Deckers Outdoor Corp. (DECK), announced on Tuesday that its unit Teva is collaborating with fashion architect, Misa Hylton and the capsule collection will be exclusively available on Macy's, Macys.com and Teva.com starting June 13.
The collaboration will deliver a unique take on two fashion-forward Teva sandal silhouettes: the Flatform Universal and Hurricane XLT2 Gladiator.
Misa Hylton is a renowned fashion icon who is known for creating legendary moments in music and fashion for iconic hip hop and R&B artists. The limited-edition Flatform Universal priced at $80 features straps based on graphic sketches and the Hurricane XLT2 Gladiator priced at $135 is accented in peach blossom tones.
In premarket activity, shares of Deckers are trading at $505 up 0.82% or $4.11 and shares of Macy's are trading at $16.15 up 0.25% or $0.04 on the New York Stock Exchange.
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) - Apparel company Deckers Outdoor Corp. (DECK), announced on Tuesday that its unit Teva is collaborating with fashion architect, Misa Hylton and the capsule collection will be exclusively available on Macy's, Macys.com and Teva.com starting June 13. In premarket activity, shares of Deckers are trading at $505 up 0.82% or $4.11 and shares of Macy's are trading at $16.15 up 0.25% or $0.04 on the New York Stock Exchange. The collaboration will deliver a unique take on two fashion-forward Teva sandal silhouettes: the Flatform Universal and Hurricane XLT2 Gladiator.
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(RTTNews) - Apparel company Deckers Outdoor Corp. (DECK), announced on Tuesday that its unit Teva is collaborating with fashion architect, Misa Hylton and the capsule collection will be exclusively available on Macy's, Macys.com and Teva.com starting June 13. In premarket activity, shares of Deckers are trading at $505 up 0.82% or $4.11 and shares of Macy's are trading at $16.15 up 0.25% or $0.04 on the New York Stock Exchange. The collaboration will deliver a unique take on two fashion-forward Teva sandal silhouettes: the Flatform Universal and Hurricane XLT2 Gladiator.
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(RTTNews) - Apparel company Deckers Outdoor Corp. (DECK), announced on Tuesday that its unit Teva is collaborating with fashion architect, Misa Hylton and the capsule collection will be exclusively available on Macy's, Macys.com and Teva.com starting June 13. In premarket activity, shares of Deckers are trading at $505 up 0.82% or $4.11 and shares of Macy's are trading at $16.15 up 0.25% or $0.04 on the New York Stock Exchange. The limited-edition Flatform Universal priced at $80 features straps based on graphic sketches and the Hurricane XLT2 Gladiator priced at $135 is accented in peach blossom tones.
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(RTTNews) - Apparel company Deckers Outdoor Corp. (DECK), announced on Tuesday that its unit Teva is collaborating with fashion architect, Misa Hylton and the capsule collection will be exclusively available on Macy's, Macys.com and Teva.com starting June 13. In premarket activity, shares of Deckers are trading at $505 up 0.82% or $4.11 and shares of Macy's are trading at $16.15 up 0.25% or $0.04 on the New York Stock Exchange. The collaboration will deliver a unique take on two fashion-forward Teva sandal silhouettes: the Flatform Universal and Hurricane XLT2 Gladiator.
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17e6440d-1091-47a5-9689-45dffab1af6e
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723801.0
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2023-06-09 00:00:00 UTC
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Deckers (DECK) Stock Rallies 29.5% in Six Months: Here's Why
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DECK
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https://www.nasdaq.com/articles/deckers-deck-stock-rallies-29.5-in-six-months%3A-heres-why
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nan
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nan
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Deckers Outdoor Corporation DECK stock has been doing well, owing to its efforts related to product innovations, store expansion and the 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 shares have appreciated 29.5% against the industry’s 1.2% dip. An impressive long-term projected growth rate of 18.4% further highlights the strength of this current Zacks Rank #3 (Hold) stock.
Analysts seem optimistic about the stock. The Zacks Consensus Estimate for Deckers’ fiscal 2024 sales and earnings per share (EPS) is pegged at $4 billion and $21.56, respectively. These estimates suggest growth of 9% and 11.3%, respectively, from the year-ago fiscal quarter’s corresponding figures. The consensus estimate for next fiscal year’s sales and EPS of $4.3 billion and $25, respectively reflects a corresponding increase of 8.6% and 15.8% year over year.
Let’s Delve Deep
Deckers is targeting profitable and underpenetrated markets to boost overall sales. In addition, 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. Deckers is progressing toward building HOKA ONE ONE into a major multibillion-dollar player, elevating the UGG brand as a global lifestyle brand with diverse product offerings and enhancing the direct-to-consumer (DTC) business.
Image Source: Zacks Investment Research
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% during the fourth quarter of fiscal 2023.
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 the customer purchasing trends that differ with the weather. Its brand strength also bodes well. We believe that management’s focus on ramping up inventory, optimizing channel mix to fulfill consumer demand, scaling production to support the growth of brands and implementing targeted price increases should position Deckers well for growth.
Deckers envisions fiscal 2024 net sales of about $3.950 billion. This suggests an increase of about 9% 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 and expand market share across global wholesale access points. The HOKA brand is likely to rise by 20% for fiscal 2024, implying over $280 million of incremental revenues compared to the prior year. Also, management forecasts experiencing sturdy DTC demand and growth as it focuses on driving consumer acquisitions and retention, margin improvement and marketplace management. Management expects UGG’s revenues to increase in the low single digits, supported by international expansion and a flat U.S. marketplace, as the company focuses on maintaining the brand’s pull model.
Eye These Solid Picks
Some better-ranked companies are Royal Caribbean RCL, Crocs CROX and lululemon athletica LULU.
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 47.9% and 158.3%, respectively, from the year-ago period’s reported levels.
Crocs, which offers casual lifestyle footwear and accessories, presently carries a Zacks Rank #2 (Buy). The expected EPS growth rate for three to five years is 15%.
The Zacks Consensus Estimate for Crocs’ current financial-year sales and EPS suggests growth of 13.1% and 2.8% from the year-ago period’s reported figure. CROX has a trailing four-quarter earnings surprise of 21.8%, on average.
lululemon athletica is a yoga-inspired athletic apparel company. LULU carries a Zacks Rank of 2 at present.
The Zacks Consensus Estimate for lululemon athletica’s current financial-year sales and EPS suggests growth of 16.7% and 18%, respectively, from the year-ago reported figures. LULU has a trailing four-quarter earnings surprise of 9.9%, on average.
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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.
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Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
lululemon athletica inc. (LULU) : 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 stock has been doing well, owing to its efforts related to product innovations, store expansion and the 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. The Zacks Consensus Estimate for Deckers’ fiscal 2024 sales and earnings per share (EPS) is pegged at $4 billion and $21.56, respectively.
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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 lululemon athletica inc. (LULU) : Free Stock Analysis Report Crocs, Inc. (CROX) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK stock has been doing well, owing to its efforts related to product innovations, store expansion and the 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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The Zacks Consensus Estimate for Deckers’ fiscal 2024 sales and earnings per share (EPS) is pegged at $4 billion and $21.56, respectively. Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report Crocs, Inc. (CROX) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK stock has been doing well, owing to its efforts related to product innovations, store expansion and the enhancement of e-commerce capabilities.
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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 pegged at $4 billion and $21.56, respectively. Deckers Outdoor Corporation DECK stock has been doing well, owing to its efforts related to product innovations, store expansion and the enhancement of e-commerce capabilities.
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11aa9098-e0d2-492f-9d77-abc21cfd4f0e
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723802.0
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2023-06-07 00:00:00 UTC
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The Role of Technology in Mastercard's Growth
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DECK
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https://www.nasdaq.com/articles/the-role-of-technology-in-mastercards-growth
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nan
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nan
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Although established a lifetime ago in 1966, Mastercard (NYSE: MA) is far from an outdated credit card company. On the contrary, it stands out among the world's most advanced financial technology (fintech) enterprises. It leverages cutting-edge technology to deliver innovative payment solutions globally to consumers, merchants, financial institutions, and governments.
Here's a look at how Mastercard is taking the lead in developing new payment technologies, as well as positioning itself for growth. As a result, it will be challenging for new fintech competitors to unseat Mastercard in the payments industry.
It catches on to the latest payment trends early
The company employs experts who constantly monitor the ever-evolving payments landscape and quickly identify emerging trends. Mastercard also partners with various organizations, including financial institutions, merchants, and governments, to remain on the cutting edge and be among the first to establish itself in many lucrative areas of the payment industry.
Here are some payment trends that Mastercard discovered early:
Increased use of contactless card payments.
Mastercard was one of the first companies to offer contactless payments in 2008, well before contactless payments became popular during the COVID-19 pandemic due to consumers viewing them as safer and cleaner than cash. During its latest earnings report, Mastercard Chief Executive Office Michael Miebach said, "Over 100 markets have reached at least 50% contactless penetration, double the number three years ago."
The growth of mobile payments.
The company has partnered with several mobile payment providers, such as Apple Pay and Alphabet's Google Pay, to make it easier for customers to make payments with their smartphones. Its latest innovation, Tap on Phone, enables businesses to approve payments from any contactless card or a mobile wallet using a device capable of near-field communication, making it easier for businesses of all sizes to accept contactless payments.
The proliferation of artificial intelligence (AI) in payments.
Mastercard is a leader in harnessing artificial intelligence (AI) to enhance the payment process. It uses AI in various ways, including fraud detection, customer service, and marketing. The company has invested heavily in AI and is collaborating with multiple partners to develop new payment solutions aided by AI.
Central banks creating digital currencies.
The company is a leader in creating solutions that can help central banks launch and manage a central bank digital currency (CBDC) for the public to use in day-to-day payments. Many governments would like to replace cash with CBDC. Mastercard has many experts working on various CBDC-related projects, including developing new payment rails, building new security features, and creating new compliance solutions.
One word of caution
Despite its considerable advantages as a first mover in many lucrative areas of the payments industry, Mastercard faces significant competition from various players in the market, including payment processors such as Visa (NYSE: V) and Stripe and online payment companies like PayPal (NASDAQ: PYPL) and Block (NYSE: SQ). This competition poses a major risk to the company, and if it ever needs to lower its fees to remain competitive, that could result in decreased profits. Additionally, Mastercard may lose market share if competitors offer better products or services, leading to lower revenue.
The company counters competition by continuing to innovate to stay ahead. If any expertise is too expensive or will take too long to develop in-house, Mastercard will acquire companies with the technology.
Some exciting acquisitions
In recent years, Mastercard has made many tuck-in acquisitions to acquire exciting technology that helps keep it at the forefront of the payment industry's technological battles. A tuck-in acquisition is a small, strategic acquisition that complements an existing business.
One of the most important acquisitions was Aiia, a developer-first open banking technology. Open banking allows third-party financial providers, such as fintechs and personal financial management (PFM) apps, to access consumers' bank financial data, giving them more control and access to new and innovative financial services -- a potentially huge business.
Some of these services include personalized financial advice, such as recommendations for investments or savings products, while PFM apps allow users to view their financial data from all their accounts in one place, helping them track spending, discover ways to save money, and better understand their overall financial health. Additionally, third-party providers can use this data to facilitate faster, more convenient account-to-account payments, which are superior to traditional methods such as checks or wire transfers.
Allied Market Research valued the global open banking market size at $13.9 billion in 2020. It expects this market to grow at a compound annual growth rate (CAGR) of 22.3% from 2023 to 2031 to $123.7 billion.
Next, Mastercard's recent acquisition of Baffin Bay Networks is another excellent step in the company's multilayered approach to security. Baffin Bay Networks is an AI-enabled automated cloud-based security service that can stop cyberattacks related to malware, ransomware, and distributed denial of service (DDoS) attacks. This acquisition will allow Mastercard to provide its customers with even greater security and peace of mind.
Last, the purchase of Dynamic Yield was yet another vital acquisition for Mastercard. Acquiring Dynamic Yield will help the company strengthen its personalization capabilities and better compete with other payment technology companies. The platform uses AI to deliver personalized customer experiences that its clients can use to personalize websites, mobile apps, email marketing campaigns, and other customer touchpoints -- a wide range of businesses already use the platform, including McDonald's, Deckers Brands, and Sephora.
Does its technology provide a reason to buy the stock?
Mastercard's payment technology gives the company a competitive advantage. Its payment processing network is one of the most secure and efficient in the world. Moreover, throughout its history, it has committed to innovation and looking for new ways to better its services to exceed customer expectations. As a result, its technology gives investors many compelling reasons to consider buying the stock.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Rob Starks Jr has positions in Alphabet, Block, and Mastercard. The Motley Fool has positions in and recommends Alphabet, Apple, Block, Mastercard, PayPal, and Visa. The Motley Fool recommends the following options: long January 2025 $370 calls on Mastercard, short January 2025 $380 calls on Mastercard, and short June 2023 $67.50 puts on PayPal. 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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The platform uses AI to deliver personalized customer experiences that its clients can use to personalize websites, mobile apps, email marketing campaigns, and other customer touchpoints -- a wide range of businesses already use the platform, including McDonald's, Deckers Brands, and Sephora. Mastercard also partners with various organizations, including financial institutions, merchants, and governments, to remain on the cutting edge and be among the first to establish itself in many lucrative areas of the payment industry. During its latest earnings report, Mastercard Chief Executive Office Michael Miebach said, "Over 100 markets have reached at least 50% contactless penetration, double the number three years ago."
|
The platform uses AI to deliver personalized customer experiences that its clients can use to personalize websites, mobile apps, email marketing campaigns, and other customer touchpoints -- a wide range of businesses already use the platform, including McDonald's, Deckers Brands, and Sephora. It leverages cutting-edge technology to deliver innovative payment solutions globally to consumers, merchants, financial institutions, and governments. The company is a leader in creating solutions that can help central banks launch and manage a central bank digital currency (CBDC) for the public to use in day-to-day payments.
|
The platform uses AI to deliver personalized customer experiences that its clients can use to personalize websites, mobile apps, email marketing campaigns, and other customer touchpoints -- a wide range of businesses already use the platform, including McDonald's, Deckers Brands, and Sephora. Mastercard was one of the first companies to offer contactless payments in 2008, well before contactless payments became popular during the COVID-19 pandemic due to consumers viewing them as safer and cleaner than cash. One word of caution Despite its considerable advantages as a first mover in many lucrative areas of the payments industry, Mastercard faces significant competition from various players in the market, including payment processors such as Visa (NYSE: V) and Stripe and online payment companies like PayPal (NASDAQ: PYPL) and Block (NYSE: SQ).
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The platform uses AI to deliver personalized customer experiences that its clients can use to personalize websites, mobile apps, email marketing campaigns, and other customer touchpoints -- a wide range of businesses already use the platform, including McDonald's, Deckers Brands, and Sephora. Here's a look at how Mastercard is taking the lead in developing new payment technologies, as well as positioning itself for growth. It uses AI in various ways, including fraud detection, customer service, and marketing.
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d1a7ad0f-285b-4749-9256-f39365d39f48
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723803.0
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2023-06-06 00:00:00 UTC
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Factors Setting the Tone for Vail Resorts' (MTN) Q3 Earnings
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DECK
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https://www.nasdaq.com/articles/factors-setting-the-tone-for-vail-resorts-mtn-q3-earnings
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nan
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nan
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Vail Resorts, Inc. MTN is scheduled to report third-quarter fiscal 2023 results on Jun 8 after the closing bell. In the last reported quarter, the company recorded a negative earnings surprise of 16.6%.
How are Estimates Placed?
The Zacks Consensus Estimate for fiscal third-quarter earnings per share (EPS) is pegged at $8.88, indicating a decline of 3.1% from $9.16 reported in the year-ago quarter.
For revenues, the consensus mark is pegged at nearly $1,246 million. The metric suggests an increase of 5.9% from the year-ago quarter’s figure.
Vail Resorts, Inc. Price and EPS Surprise
Vail Resorts, Inc. price-eps-surprise | Vail Resorts, Inc. Quote
Let's take a look at how things have shaped up in the quarter.
Factors at Play
Vail Resorts’ first-quarter fiscal 2023 performance is likely to have reflected solid contributions from the 2022-2023 North American ski season. On Apr 21, 2023, the company provided a business update, thereby reporting strength in destination visitation and solid lift ticket sales at all North American destination mountain resorts and regional ski areas (including the results of Seven Springs, Hidden Valley and Laurel Mountain). Also, it reported growth in its ancillary businesses on account of improved staffing levels and the relaxation of COVID-19 induced operational restrictions.
Season-to-date (through Apr 16, 2023), total skier visits increased 6.1% compared with the prior-year season-to-date period’s (Apr 17, 2022) levels. Strong demand from local and destination guests and improved conditions at Northeastern U.S. resorts contributed to a rise in visitation compared with the prior-year period’s levels. Lift ticket revenues (including an allocated portion of season pass revenues for each applicable period) increased 4% compared with the prior year’s season-to-date period’s levels. Ski school and dining revenues rallied 26.4% and 35.3%, respectively, on a year-over-year basis. Retail/rental revenues for North American resort and ski area store locations increased 21.8% compared with the prior-year season-to-date period’s figure.
The emphasis on strategic investments (in expansion projects and network-wide scalable technology) and offerings (such as Epic Pass, Epic Local Pass, Epic Day Pass and Epic Coverage products) are likely to have aided the company’s performance in the fiscal third quarter.
However, abnormal weather variability across its resorts (in the East) and significant storm related disruptions at our Tahoe resorts are likely to have affected the company’s operations in the fiscal third quarter. Rise in operating expenses are likely to have dented margins in the to-be-reported quarter. For the fiscal third quarter, our model predicts total lodging operating expenses to rise 9% year over year to $84.3 million. We expect total mountain operating expense to rise 8.7% year over year to $531.3 million.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Vail Resorts this time. A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat earnings. However, that's not the case here.
Earnings ESP: Vail Resorts has an Earnings ESP of -2.54%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: The company has a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks Poised to Beat Earnings Estimates
Here are some stocks from the Zacks Consumer Discretionary sector that investors may consider as our model shows that these have the right combination of elements to post an earnings beat.
The Aaron's Company, Inc. AAN has an Earnings ESP of +2.00% and a Zacks Rank #2.
Shares of Aaron’s have declined 32.4% in the past year. AAN’s earnings surpassed the consensus mark in all of the trailing four quarters, the average being 199.8%.
Deckers Outdoor Corporation DECK has an Earnings ESP of +1.24% and a Zacks Rank of 3.
Shares of Deckers have increased 78.3% in the past year. DECK’s earnings surpassed the consensus mark in all of the trailing four quarters, the average being 17.7%.
Hyatt Hotels Corporation H has an Earnings ESP of +1.15% and a Zacks Rank #3.
Shares of Hyatt have gained 21.6% in the past year. H’s earnings surpassed the consensus mark thrice in the trailing four quarters and missed once, the average surprise being 1,372.6%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Hyatt Hotels Corporation (H) : Free Stock Analysis Report
The Aaron's Company, Inc. (AAN) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Vail Resorts, Inc. (MTN) : 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 an Earnings ESP of +1.24% and a Zacks Rank of 3. Shares of Deckers have increased 78.3% in the past year. DECK’s earnings surpassed the consensus mark in all of the trailing four quarters, the average being 17.7%.
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Click to get this free report Hyatt Hotels Corporation (H) : Free Stock Analysis Report The Aaron's Company, Inc. (AAN) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Vail Resorts, Inc. (MTN) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK has an Earnings ESP of +1.24% and a Zacks Rank of 3. Shares of Deckers have increased 78.3% in the past year.
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Click to get this free report Hyatt Hotels Corporation (H) : Free Stock Analysis Report The Aaron's Company, Inc. (AAN) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Vail Resorts, Inc. (MTN) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK has an Earnings ESP of +1.24% and a Zacks Rank of 3. Shares of Deckers have increased 78.3% in the past year.
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Deckers Outdoor Corporation DECK has an Earnings ESP of +1.24% and a Zacks Rank of 3. Shares of Deckers have increased 78.3% in the past year. DECK’s earnings surpassed the consensus mark in all of the trailing four quarters, the average being 17.7%.
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ce8152b0-2c67-4e3e-99eb-972fcb734a7b
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723804.0
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2023-06-06 00:00:00 UTC
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Factors to Know Ahead of Ollie's Bargain (OLLI) Q1 Earnings
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DECK
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https://www.nasdaq.com/articles/factors-to-know-ahead-of-ollies-bargain-olli-q1-earnings
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nan
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nan
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Ollie's Bargain Outlet Holdings, Inc. OLLI is likely to register an increase in the top line when it reports first-quarter fiscal 2023 numbers on Jun 7 before market open. The Zacks Consensus Estimate for revenues is pegged at $450.9 million, indicating an increase of 10.9% from the prior-year quarter.
The bottom line of this extreme-value retailer of brand-name merchandise is anticipated to have more than doubled year over year. We note that the Zacks Consensus Estimate for first-quarter earnings per share has been stable at 49 cents over the past 30 days. The figure suggests a sharp increase from 20 cents reported in the year-ago period.
The company has a trailing four-quarter negative earnings surprise of 17.9%, on average. In the last reported quarter, this Harrisburg, PA-based company’s bottom line outperformed the Zacks Consensus Estimate by 5%.
Key Factors to Consider
Ollie's Bargain’s business operating model of “buying cheap and selling cheap,” cost-containment efforts, focus on store productivity and the expansion of the customer loyalty program, Ollie's Army, are likely to have contributed to the top-line performance.
The company’s focus on value-driven merchandise assortments positioned it well to capitalize on opportunities in the marketplace and effectively meet consumer demand. Ollie's Army continued to be a major sales driver, with membership increasing continuously.
Ollie's Bargain Outlet Holdings, Inc. Price, Consensus and EPS Surprise
Ollie's Bargain Outlet Holdings, Inc. price-consensus-eps-surprise-chart | Ollie's Bargain Outlet Holdings, Inc. Quote
While the aforementioned factors raise optimism about the outcome, margins still remain an area to watch. Any deleverage in SG&A expenses due to higher selling expenses associated with new store unit growth, as well as investments in wages and higher utility costs, may have a direct bearing on margins.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Ollie's Bargain this time. 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. However, that’s not the case here.
Ollie's Bargain has a Zacks Rank #2 but an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable Combination
Here are three companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this season:
Bath & Body Works BBWI currently has an Earnings ESP of +0.39% and a Zacks Rank #3. The company is likely to register a decrease in the bottom line when it reports second-quarter fiscal 2023 numbers. The Zacks Consensus Estimate for the quarterly earnings per share of 32 cents suggests a decline of 38.5% from the year-ago quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
Bath & Body Works’ top line is expected to decrease year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $1.57 billion, which indicates a decline of 3% from the figure reported in the prior-year quarter. Bath & Body Works has a trailing four-quarter earnings surprise of 44.6%, on average.
Costco COST currently has an Earnings ESP of +0.16% and a Zacks Rank #3. The company is expected to register an increase in the bottom line when it reports fourth-quarter fiscal 2023 results. The Zacks Consensus Estimate for quarterly earnings per share of $4.65 suggests an increase of 10.7% from the year-ago quarter.
Costco’s top line is anticipated to have risen year over year. The consensus mark for Costco’s revenues is pegged at $78.87 billion, indicating an increase of 9.4% from the figure reported in the year-ago quarter. Costco has a trailing four-quarter earnings surprise of 1.8% on average.
Deckers DECK currently has an Earnings ESP of +1.24% and a Zacks Rank of #3. The company is likely to register an increase in the bottom line when it reports first-quarter fiscal 2024 results. The Zacks Consensus Estimate for quarterly earnings per share of $2.13 suggests an increase of 28.3% from the year-ago quarter.
Deckers’ top line is expected to have increased year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $664.4 million, which suggests a rise of 8.1% from the figure reported in the prior-year quarter.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Costco Wholesale Corporation (COST) : Free Stock Analysis Report
Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report
Bath & Body Works, Inc. (BBWI) : 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 currently has an Earnings ESP of +1.24% and a Zacks Rank of #3. Deckers’ top line is expected to have increased year over year. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report Bath & Body Works, Inc. (BBWI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report Bath & Body Works, Inc. (BBWI) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers DECK currently has an Earnings ESP of +1.24% and a Zacks Rank of #3. Deckers’ top line is expected to have increased year over year.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report Bath & Body Works, Inc. (BBWI) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers DECK currently has an Earnings ESP of +1.24% and a Zacks Rank of #3. Deckers’ top line is expected to have increased year over year.
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Deckers DECK currently has an Earnings ESP of +1.24% and a Zacks Rank of #3. Deckers’ top line is expected to have increased year over year. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report Bath & Body Works, Inc. (BBWI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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720e0ffd-f5cb-4385-bbe1-895463612d16
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723805.0
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2023-06-05 00:00:00 UTC
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Retailers battle for uncertain back-to-school demand after ‘volatile’ quarter
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DECK
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https://www.nasdaq.com/articles/retailers-battle-for-uncertain-back-to-school-demand-after-volatile-quarter
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nan
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nan
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By Katherine Masters
NEW YORK, June 6 (Reuters) - Stocking shelves with low-priced notebooks and slashing prices on sneakers and uniforms, major retailers including Walmart, Foot Locker and Marks & Spencer are preparing for a challenging back-to-school shopping season this year.
U.S. shoppers' spending in the summer ahead of the college and K-12 school year has grown steadily since 2015, according to the National Retail Federation, a trade group. NRF hasn't yet issued an estimate for 2023.
Although shoppers have been spending on essentials this year, they’re much choosier on where to splurge as inflation remains stubbornly high, executives from Ulta, Macy's, Ralph Lauren and Nordstrom said during earnings results over the last two weeks.
On Friday, Doug McMillon, CEO of Walmart, the world's biggest retailer by sales, said at its annual meeting that it would roll out more back-to-school merchandise - notebooks, pencils, pens - at "opening price points" this year. Walmart CFO John David Rainey told investors last week that the retailer, while not immune to "economic whims," is better positioned than others thanks to its reputation for low prices.
Clothing and sneakers previously made up the biggest chunk of back-to-school-related expenses for many families, and Foot Locker said on May 19 that it would rely on promotional discounts to drive demand for sneakers. The chain is stocking Adidas' Samba and Gazelle sneakers ahead of the new school year, it said.
In Britain, where consumers are facing the biggest two-year squeeze in living standards since comparable records started in the 1950s, Marks & Spencer MKS.L is holding the prices on its school uniform range for a third straight year. Prices start at 7 pounds ($8.69) for a multipack of three cotton unisex polo shirts. M&S is also offering an additional 20% off school uniforms for early shoppers.
The challenge for retailers is predicting whether parents will buy less clothing and sneakers when the cost of necessities - such as pencils, notebooks and laptops - strains many households. Purchases of discretionary goods such as clothing and shoes have fallen since January, according to U.S. Commerce Department data.
Retailers face a "volatile time," said Jessica Ramirez, a senior research analyst at Jane Hali & Associates.
Ratings agency Moody’s in late May predicted “nascent and uneven" operating profit growth overall for global retail and apparel companies this year, with a 6.2% jump in North America-based operating profit following last year's 13% decline.
Target TGT.N recently lowered its full-year outlook on the back of a gloomy spending environment, pointing to cautious consumers who are prioritizing essentials over discretionary purchases like clothing and electronics.
Big-box retailers including Walmart and Target are poised to benefit from falling production costs thanks to their ability to renegotiate costs with suppliers, Moody's said in a report.
Off-price stores such as T.J. Maxx are also likely to benefit from the sharp increase in consumers looking for savings, while dollar stores will be hurt by a shortage of disposable income among their core low-income customer base, according to Moody's
Victoria’s Secret's CEO Martin Waters said it plans a "complete overhaul" of its struggling PINK clothing brand, phasing out logo-emblazoned hoodies, tee-shirts and bottoms. Victoria's Secret and department store chain Macy's - which is also planning promotions to liquidate unsold inventory - pointed to pressure on consumers making between $100,000 and $150,000 a year and below.
Executives at Abercrombie & Fitch, American Eagle, Urban Outfitters and Kohl’s all said in earnings calls they were focusing on new styles - especially in activewear, dresses and non-denim bottoms - as a way to get parents to open their wallets.
Abercrombie & Fitch ANF.F CEO Fran Horowitz said cargo pants, dressed-up denim that can be worn to the office and tailored trousers had all performed well for the millennial-focused Abercrombie brand. The mall retailer is in the process of adding similar styles in teen-focused Hollister stores, where sales fell 7% in the first quarter that ended April 29, ahead of the back-to-school shopping season.
Young shoppers often have less disposable income. Hedging its bets, American Eagle, which traditionally caters to teens, launched a new line of premium denim, including $128 jeans, that would also "entertain an older customer," Executive Creative Director Jennifer Foyle said during anearnings callin May.
Even chains that grew overall sales reported recent losses among brands catering to teens. Those included Abercrombie’s Hollister brand and Urban Outfitters, whose parent company, URBN, reported strong first-quarter growth at its Anthropologie and Free People brands. URBN said the macroeconomic environment was having a greater impact on its younger consumers.
(Reporting by Katherine Masters in New York, Siddharth Cavale in Bentonville, Arkansas, and James Davey in London. Editing by Gerry Doyle)
((Katherine.Masters@thomsonreuters.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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By Katherine Masters NEW YORK, June 6 (Reuters) - Stocking shelves with low-priced notebooks and slashing prices on sneakers and uniforms, major retailers including Walmart, Foot Locker and Marks & Spencer are preparing for a challenging back-to-school shopping season this year. On Friday, Doug McMillon, CEO of Walmart, the world's biggest retailer by sales, said at its annual meeting that it would roll out more back-to-school merchandise - notebooks, pencils, pens - at "opening price points" this year. Hedging its bets, American Eagle, which traditionally caters to teens, launched a new line of premium denim, including $128 jeans, that would also "entertain an older customer," Executive Creative Director Jennifer Foyle said during anearnings callin May.
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By Katherine Masters NEW YORK, June 6 (Reuters) - Stocking shelves with low-priced notebooks and slashing prices on sneakers and uniforms, major retailers including Walmart, Foot Locker and Marks & Spencer are preparing for a challenging back-to-school shopping season this year. Executives at Abercrombie & Fitch, American Eagle, Urban Outfitters and Kohl’s all said in earnings calls they were focusing on new styles - especially in activewear, dresses and non-denim bottoms - as a way to get parents to open their wallets. Those included Abercrombie’s Hollister brand and Urban Outfitters, whose parent company, URBN, reported strong first-quarter growth at its Anthropologie and Free People brands.
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By Katherine Masters NEW YORK, June 6 (Reuters) - Stocking shelves with low-priced notebooks and slashing prices on sneakers and uniforms, major retailers including Walmart, Foot Locker and Marks & Spencer are preparing for a challenging back-to-school shopping season this year. On Friday, Doug McMillon, CEO of Walmart, the world's biggest retailer by sales, said at its annual meeting that it would roll out more back-to-school merchandise - notebooks, pencils, pens - at "opening price points" this year. Off-price stores such as T.J. Maxx are also likely to benefit from the sharp increase in consumers looking for savings, while dollar stores will be hurt by a shortage of disposable income among their core low-income customer base, according to Moody's Victoria’s Secret's CEO Martin Waters said it plans a "complete overhaul" of its struggling PINK clothing brand, phasing out logo-emblazoned hoodies, tee-shirts and bottoms.
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By Katherine Masters NEW YORK, June 6 (Reuters) - Stocking shelves with low-priced notebooks and slashing prices on sneakers and uniforms, major retailers including Walmart, Foot Locker and Marks & Spencer are preparing for a challenging back-to-school shopping season this year. The challenge for retailers is predicting whether parents will buy less clothing and sneakers when the cost of necessities - such as pencils, notebooks and laptops - strains many households. Target TGT.N recently lowered its full-year outlook on the back of a gloomy spending environment, pointing to cautious consumers who are prioritizing essentials over discretionary purchases like clothing and electronics.
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fa8d6c6d-667f-4aec-a756-dba5a0a887be
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723806.0
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2023-06-05 00:00:00 UTC
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Notable ETF Outflow Detected - MDY, GGG, DECK, JBL
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DECK
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https://www.nasdaq.com/articles/notable-etf-outflow-detected-mdy-ggg-deck-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 $128.3 million dollar outflow -- that's a 0.7% decrease week over week (from 40,720,000 to 40,440,000). Among the largest underlying components of MDY, in trading today Graco Inc (Symbol: GGG) is down about 2%, Deckers Outdoor Corp. (Symbol: DECK) is up about 0.6%, and Jabil Inc (Symbol: JBL) is lower by about 1.9%. 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 $451.23. 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:
ITEK Price Target
Moodys shares outstanding history
Institutional Holders of EKG
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 Graco Inc (Symbol: GGG) is down about 2%, Deckers Outdoor Corp. (Symbol: DECK) is up about 0.6%, and Jabil Inc (Symbol: JBL) is lower by about 1.9%. 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 MDY, in trading today Graco Inc (Symbol: GGG) is down about 2%, Deckers Outdoor Corp. (Symbol: DECK) is up about 0.6%, and Jabil Inc (Symbol: JBL) is lower by about 1.9%. 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 $451.23. 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 Graco Inc (Symbol: GGG) is down about 2%, Deckers Outdoor Corp. (Symbol: DECK) is up about 0.6%, and Jabil Inc (Symbol: JBL) is lower by about 1.9%. 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 $128.3 million dollar outflow -- that's a 0.7% decrease week over week (from 40,720,000 to 40,440,000). 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 $451.23.
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Among the largest underlying components of MDY, in trading today Graco Inc (Symbol: GGG) is down about 2%, Deckers Outdoor Corp. (Symbol: DECK) is up about 0.6%, and Jabil Inc (Symbol: JBL) is lower by about 1.9%. 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 $451.23. 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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350d765b-ce8f-4d77-bf38-dbd8b2c9b380
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723807.0
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2023-05-30 00:00:00 UTC
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Notable Tuesday Option Activity: DECK, VUZI, MDB
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DECK
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https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-deck-vuzi-mdb
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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 Deckers Outdoor Corp. (Symbol: DECK), where a total of 3,655 contracts have traded so far, representing approximately 365,500 underlying shares. That amounts to about 79.5% of DECK's average daily trading volume over the past month of 459,825 shares. Especially high volume was seen for the $500 strike call option expiring June 16, 2023, with 983 contracts trading so far today, representing approximately 98,300 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $500 strike highlighted in orange:
Vuzix Corp (Symbol: VUZI) options are showing a volume of 5,798 contracts thus far today. That number of contracts represents approximately 579,800 underlying shares, working out to a sizeable 76.9% of VUZI's average daily trading volume over the past month, of 753,805 shares. Particularly high volume was seen for the $5 strike call option expiring June 16, 2023, with 1,818 contracts trading so far today, representing approximately 181,800 underlying shares of VUZI. Below is a chart showing VUZI's trailing twelve month trading history, with the $5 strike highlighted in orange:
And MongoDB Inc (Symbol: MDB) options are showing a volume of 12,742 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 72% of MDB's average daily trading volume over the past month, of 1.8 million shares. Particularly high volume was seen for the $270 strike put option expiring June 02, 2023, with 1,183 contracts trading so far today, representing approximately 118,300 underlying shares of MDB. Below is a chart showing MDB's trailing twelve month trading history, with the $270 strike highlighted in orange:
For the various different available expirations for DECK options, VUZI options, or MDB options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
IP Insider Buying
ISOS market cap history
IFX 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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Especially high volume was seen for the $500 strike call option expiring June 16, 2023, with 983 contracts trading so far today, representing approximately 98,300 underlying shares of DECK. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Deckers Outdoor Corp. (Symbol: DECK), where a total of 3,655 contracts have traded so far, representing approximately 365,500 underlying shares. That amounts to about 79.5% of DECK's average daily trading volume over the past month of 459,825 shares.
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Below is a chart showing DECK's trailing twelve month trading history, with the $500 strike highlighted in orange: Vuzix Corp (Symbol: VUZI) options are showing a volume of 5,798 contracts thus far today. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Deckers Outdoor Corp. (Symbol: DECK), where a total of 3,655 contracts have traded so far, representing approximately 365,500 underlying shares. That amounts to about 79.5% of DECK's average daily trading volume over the past month of 459,825 shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Deckers Outdoor Corp. (Symbol: DECK), where a total of 3,655 contracts have traded so far, representing approximately 365,500 underlying shares. Especially high volume was seen for the $500 strike call option expiring June 16, 2023, with 983 contracts trading so far today, representing approximately 98,300 underlying shares of DECK. That amounts to about 79.5% of DECK's average daily trading volume over the past month of 459,825 shares.
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Below is a chart showing MDB's trailing twelve month trading history, with the $270 strike highlighted in orange: For the various different available expirations for DECK options, VUZI options, or MDB options, visit StockOptionsChannel.com. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Deckers Outdoor Corp. (Symbol: DECK), where a total of 3,655 contracts have traded so far, representing approximately 365,500 underlying shares. That amounts to about 79.5% of DECK's average daily trading volume over the past month of 459,825 shares.
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a122cf40-4565-436e-b1d1-7156feb1df6f
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723808.0
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2023-05-30 00:00:00 UTC
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Company News for May 30, 2023
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DECK
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https://www.nasdaq.com/articles/company-news-for-may-30-2023
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nan
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nan
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Shares of Booz Allen Hamilton Holding Corporation (BAH) jumped 7.1% after the company reported fourth-quarter fiscal 2023 earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.92 per share.
Costco Wholesale Corporation’s (COST) shares rose 4.3% after the company reported third-quarter fiscal 2023 earnings of $3.43 per share, surpassing the Zacks Consensus Estimate of $3.32 per share.
Shares of Marvell Technology, Inc. (MRVL) surged 32.4% after the company reported first-quarter fiscal 2024 earnings of $0.31 per share, outpacing the Zacks Consensus Estimate of $0.29 per share.
Deckers Outdoor Corporation’s (DECK) shares gained 3.4% after the company reported fourth-quarter fiscal 2023 earnings of $3.46 per share, surpassing the Zacks Consensus Estimate of $2.61 per share.
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Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Costco Wholesale Corporation (COST) : Free Stock Analysis Report
Marvell Technology, Inc. (MRVL) : Free Stock Analysis Report
Booz Allen Hamilton Holding Corporation (BAH) : 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) shares gained 3.4% after the company reported fourth-quarter fiscal 2023 earnings of $3.46 per share, surpassing the Zacks Consensus Estimate of $2.61 per share. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Marvell Technology, Inc. (MRVL) : Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report To read this article on Zacks.com click here. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors.
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Deckers Outdoor Corporation’s (DECK) shares gained 3.4% after the company reported fourth-quarter fiscal 2023 earnings of $3.46 per share, surpassing the Zacks Consensus Estimate of $2.61 per share. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Marvell Technology, Inc. (MRVL) : Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Booz Allen Hamilton Holding Corporation (BAH) jumped 7.1% after the company reported fourth-quarter fiscal 2023 earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.92 per share.
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Deckers Outdoor Corporation’s (DECK) shares gained 3.4% after the company reported fourth-quarter fiscal 2023 earnings of $3.46 per share, surpassing the Zacks Consensus Estimate of $2.61 per share. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Marvell Technology, Inc. (MRVL) : Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report To read this article on Zacks.com click here. Costco Wholesale Corporation’s (COST) shares rose 4.3% after the company reported third-quarter fiscal 2023 earnings of $3.43 per share, surpassing the Zacks Consensus Estimate of $3.32 per share.
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Deckers Outdoor Corporation’s (DECK) shares gained 3.4% after the company reported fourth-quarter fiscal 2023 earnings of $3.46 per share, surpassing the Zacks Consensus Estimate of $2.61 per share. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Marvell Technology, Inc. (MRVL) : Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report To read this article on Zacks.com click here. Costco Wholesale Corporation’s (COST) shares rose 4.3% after the company reported third-quarter fiscal 2023 earnings of $3.43 per share, surpassing the Zacks Consensus Estimate of $3.32 per share.
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d45379b1-dc6b-4961-b64a-b5bdee74d410
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723809.0
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2023-05-27 00:00:00 UTC
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Wedbush Maintains Deckers Outdoor (DECK) Outperform Recommendation
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DECK
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https://www.nasdaq.com/articles/wedbush-maintains-deckers-outdoor-deck-outperform-recommendation
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nan
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nan
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Fintel reports that on May 26, 2023, Wedbush maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation.
Analyst Price Forecast Suggests 11.06% Upside
As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. The forecasts range from a low of 373.70 to a high of $588.00. The average price target represents an increase of 11.06% from its latest reported closing price of 465.18.
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 1125 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 97 owner(s) or 9.44% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.41%, an increase of 5.09%. Total shares owned by institutions decreased in the last three months by 3.63% to 30,291K shares.
The put/call ratio of DECK is 1.04, 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 743K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 742K shares, representing an increase of 0.07%. The firm increased its portfolio allocation in DECK by 14.73% 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.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended March 31, 2023 ☐ Transition Report Pursuant
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 May 26, 2023, Wedbush maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 11.06% Upside As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Fintel reports that on May 26, 2023, Wedbush maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 11.06% Upside As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Fintel reports that on May 26, 2023, Wedbush maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 11.06% Upside As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. 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 1125 funds or institutions reporting positions in Deckers Outdoor. Fintel reports that on May 26, 2023, Wedbush maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation.
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38684192-605e-480f-8c5a-52f1a4841f43
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723810.0
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2023-05-27 00:00:00 UTC
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Wells Fargo Maintains Deckers Outdoor (DECK) Equal-Weight Recommendation
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DECK
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https://www.nasdaq.com/articles/wells-fargo-maintains-deckers-outdoor-deck-equal-weight-recommendation
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nan
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nan
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Fintel reports that on May 26, 2023, Wells Fargo maintained coverage of Deckers Outdoor (NYSE:DECK) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 11.06% Upside
As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. The forecasts range from a low of 373.70 to a high of $588.00. The average price target represents an increase of 11.06% from its latest reported closing price of 465.18.
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 1125 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 97 owner(s) or 9.44% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.41%, an increase of 5.09%. Total shares owned by institutions decreased in the last three months by 3.63% to 30,291K shares.
The put/call ratio of DECK is 1.04, 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 743K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 742K shares, representing an increase of 0.07%. The firm increased its portfolio allocation in DECK by 14.73% 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.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended March 31, 2023 ☐ Transition Report Pursuant
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 May 26, 2023, Wells Fargo maintained coverage of Deckers Outdoor (NYSE:DECK) with a Equal-Weight recommendation. Analyst Price Forecast Suggests 11.06% Upside As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Fintel reports that on May 26, 2023, Wells Fargo maintained coverage of Deckers Outdoor (NYSE:DECK) with a Equal-Weight recommendation. Analyst Price Forecast Suggests 11.06% Upside As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Fintel reports that on May 26, 2023, Wells Fargo maintained coverage of Deckers Outdoor (NYSE:DECK) with a Equal-Weight recommendation. Analyst Price Forecast Suggests 11.06% Upside As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. 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 1125 funds or institutions reporting positions in Deckers Outdoor. Fintel reports that on May 26, 2023, Wells Fargo maintained coverage of Deckers Outdoor (NYSE:DECK) with a Equal-Weight recommendation.
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2bae930e-8fbf-449c-819e-783360e5b724
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723811.0
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2023-05-27 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
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nan
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nan
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Fintel reports that on May 26, 2023, Telsey Advisory Group maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation.
Analyst Price Forecast Suggests 11.06% Upside
As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. The forecasts range from a low of 373.70 to a high of $588.00. The average price target represents an increase of 11.06% from its latest reported closing price of 465.18.
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 1125 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 97 owner(s) or 9.44% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.41%, an increase of 5.09%. Total shares owned by institutions decreased in the last three months by 3.63% to 30,291K shares.
The put/call ratio of DECK is 1.04, 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 743K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 742K shares, representing an increase of 0.07%. The firm increased its portfolio allocation in DECK by 14.73% 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.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended March 31, 2023 ☐ Transition Report Pursuant
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 May 26, 2023, Telsey Advisory Group maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 11.06% Upside As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Fintel reports that on May 26, 2023, Telsey Advisory Group maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 11.06% Upside As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Fintel reports that on May 26, 2023, Telsey Advisory Group maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 11.06% Upside As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. 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 1125 funds or institutions reporting positions in Deckers Outdoor. Fintel reports that on May 26, 2023, Telsey Advisory Group maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation.
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7fb5a34e-9ec3-4b43-9c48-605e8a5638d4
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723812.0
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2023-05-27 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
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nan
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nan
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Fintel reports that on May 26, 2023, UBS maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation.
Analyst Price Forecast Suggests 11.06% Upside
As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. The forecasts range from a low of 373.70 to a high of $588.00. The average price target represents an increase of 11.06% from its latest reported closing price of 465.18.
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 1125 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 97 owner(s) or 9.44% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.41%, an increase of 5.09%. Total shares owned by institutions decreased in the last three months by 3.63% to 30,291K shares.
The put/call ratio of DECK is 1.04, 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 743K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 742K shares, representing an increase of 0.07%. The firm increased its portfolio allocation in DECK by 14.73% 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.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended March 31, 2023 ☐ Transition Report Pursuant
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 May 26, 2023, UBS maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 11.06% Upside As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Fintel reports that on May 26, 2023, UBS maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 11.06% Upside As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Fintel reports that on May 26, 2023, UBS maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 11.06% Upside As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. 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 1125 funds or institutions reporting positions in Deckers Outdoor. Fintel reports that on May 26, 2023, UBS maintained coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation.
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907e88f6-a327-4925-81b4-4c9cb1f11267
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723813.0
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2023-05-27 00:00:00 UTC
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Baird Maintains Deckers Outdoor (DECK) Outperform Recommendation
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DECK
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https://www.nasdaq.com/articles/baird-maintains-deckers-outdoor-deck-outperform-recommendation
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nan
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nan
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Fintel reports that on May 26, 2023, Baird maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation.
Analyst Price Forecast Suggests 11.06% Upside
As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. The forecasts range from a low of 373.70 to a high of $588.00. The average price target represents an increase of 11.06% from its latest reported closing price of 465.18.
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 1125 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 97 owner(s) or 9.44% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.41%, an increase of 5.09%. Total shares owned by institutions decreased in the last three months by 3.63% to 30,291K shares.
The put/call ratio of DECK is 1.04, 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 743K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 742K shares, representing an increase of 0.07%. The firm increased its portfolio allocation in DECK by 14.73% 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.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended March 31, 2023 ☐ Transition Report Pursuant
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 May 26, 2023, Baird maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 11.06% Upside As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Fintel reports that on May 26, 2023, Baird maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 11.06% Upside As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Fintel reports that on May 26, 2023, Baird maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 11.06% Upside As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. 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 1125 funds or institutions reporting positions in Deckers Outdoor. Fintel reports that on May 26, 2023, Baird maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation.
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0d01948c-3992-4fda-a5fb-55fd2a46e703
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723814.0
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2023-05-26 00:00:00 UTC
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Consumer Sector Update for 05/26/2023: PDD, HIBB, DECK, XLY, XLP
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DECK
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https://www.nasdaq.com/articles/consumer-sector-update-for-05-26-2023%3A-pdd-hibb-deck-xly-xlp
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nan
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nan
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Consumer stocks were edging higher premarket Friday as the Consumer Discretionary Select Sector SPDR Fund (XLY) was gaining 0.2% and the Consumer Staples Select Sector SPDR Fund (XLP) recently up a slight 0.05%.
Pinduoduo (PDD) shares were climbing past 14% after it reported Q1 non-GAAP earnings of 6.92 renminbi ($1.01) per American depositary share, up from 2.95 renminbi per ADS a year ago. Analysts polled by Capital IQ expected adjusted earnings of 4.44 renminbi.
Hibbett (HIBB) stock was more than 5% lower after it reported fiscal Q1 net earnings of $2.74 per diluted share, down from $2.89 a year earlier. Analysts polled by Capital IQ expected $3.03.
Deckers Brands (DECK) shares were down nearly 2%, offsetting a portion of its gains from the previous day when it reported fiscal Q4 diluted earnings of $3.46 per share, up from $2.51 a year earlier. Analysts polled by Capital IQ expected $2.70.
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 were down nearly 2%, offsetting a portion of its gains from the previous day when it reported fiscal Q4 diluted earnings of $3.46 per share, up from $2.51 a year earlier. Pinduoduo (PDD) shares were climbing past 14% after it reported Q1 non-GAAP earnings of 6.92 renminbi ($1.01) per American depositary share, up from 2.95 renminbi per ADS a year ago. Analysts polled by Capital IQ expected adjusted earnings of 4.44 renminbi.
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Deckers Brands (DECK) shares were down nearly 2%, offsetting a portion of its gains from the previous day when it reported fiscal Q4 diluted earnings of $3.46 per share, up from $2.51 a year earlier. Consumer stocks were edging higher premarket Friday as the Consumer Discretionary Select Sector SPDR Fund (XLY) was gaining 0.2% and the Consumer Staples Select Sector SPDR Fund (XLP) recently up a slight 0.05%. Analysts polled by Capital IQ expected adjusted earnings of 4.44 renminbi.
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Deckers Brands (DECK) shares were down nearly 2%, offsetting a portion of its gains from the previous day when it reported fiscal Q4 diluted earnings of $3.46 per share, up from $2.51 a year earlier. Pinduoduo (PDD) shares were climbing past 14% after it reported Q1 non-GAAP earnings of 6.92 renminbi ($1.01) per American depositary share, up from 2.95 renminbi per ADS a year ago. Analysts polled by Capital IQ expected adjusted earnings of 4.44 renminbi.
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Deckers Brands (DECK) shares were down nearly 2%, offsetting a portion of its gains from the previous day when it reported fiscal Q4 diluted earnings of $3.46 per share, up from $2.51 a year earlier. Consumer stocks were edging higher premarket Friday as the Consumer Discretionary Select Sector SPDR Fund (XLY) was gaining 0.2% and the Consumer Staples Select Sector SPDR Fund (XLP) recently up a slight 0.05%. Pinduoduo (PDD) shares were climbing past 14% after it reported Q1 non-GAAP earnings of 6.92 renminbi ($1.01) per American depositary share, up from 2.95 renminbi per ADS a year ago.
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b11fab45-9170-43a1-b98f-89c6c8e8fc54
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723815.0
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2023-05-26 00:00:00 UTC
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Want Better Returns? Don?t Ignore These 2 Consumer Discretionary Stocks Set to Beat Earnings
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DECK
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https://www.nasdaq.com/articles/want-better-returns-dont-ignore-these-2-consumer-discretionary-stocks-set-to-beat-7
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nan
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nan
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Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter.
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.
Hunting for 'earnings whispers' or companies poised to beat their quarterly earnings estimates is a somewhat common practice. But that doesn't make it easy. One way that has been proven to work is by using the Zacks Earnings ESP tool.
The Zacks Earnings ESP, Explained
The Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report. The idea is relatively intuitive as a newer projection might be based on more complete 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.
Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Furthermore, by using these parameters, investors have seen 28.3% 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 Trip.com?
Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Trip.com (TCOM) earns a #1 (Strong Buy) right now and its Most Accurate Estimate sits at $0.29 a share, just 12 days from its upcoming earnings release on June 7, 2023.
By taking the percentage difference between the $0.29 Most Accurate Estimate and the $0.27 Zacks Consensus Estimate, Trip.com has an Earnings ESP of +9.43%. Investors should also know that TCOM is one of a large group of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
TCOM is part of a big group of Consumer Discretionary stocks that boast a positive ESP, and investors may want to take a look at Deckers (DECK) as well.
Deckers, which is readying to report earnings on July 27, 2023, sits at a Zacks Rank #3 (Hold) right now. It's Most Accurate Estimate is currently $2.12 a share, and DECK is 62 days out from its next earnings report.
Deckers' Earnings ESP figure currently stands at +3.42% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $2.05.
TCOM and DECK's positive ESP figures tell us that both stocks have a good chance at beating analyst expectations in their next earnings report.
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 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
Trip.com Group Limited Sponsored ADR (TCOM) : 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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TCOM is part of a big group of Consumer Discretionary stocks that boast a positive ESP, and investors may want to take a look at Deckers (DECK) as well. TCOM and DECK's positive ESP figures tell us that both stocks have a good chance at beating analyst expectations in their next earnings report. Deckers, which is readying to report earnings on July 27, 2023, sits at a Zacks Rank #3 (Hold) right now.
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Click to get this free report Trip.com Group Limited Sponsored ADR (TCOM) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. TCOM is part of a big group of Consumer Discretionary stocks that boast a positive ESP, and investors may want to take a look at Deckers (DECK) as well. Deckers, which is readying to report earnings on July 27, 2023, sits at a Zacks Rank #3 (Hold) right now.
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TCOM is part of a big group of Consumer Discretionary stocks that boast a positive ESP, and investors may want to take a look at Deckers (DECK) as well. Deckers, which is readying to report earnings on July 27, 2023, sits at a Zacks Rank #3 (Hold) right now. It's Most Accurate Estimate is currently $2.12 a share, and DECK is 62 days out from its next earnings report.
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It's Most Accurate Estimate is currently $2.12 a share, and DECK is 62 days out from its next earnings report. TCOM is part of a big group of Consumer Discretionary stocks that boast a positive ESP, and investors may want to take a look at Deckers (DECK) as well. Deckers, which is readying to report earnings on July 27, 2023, sits at a Zacks Rank #3 (Hold) right now.
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572d0265-cb3a-4c6e-836f-480332c103af
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723816.0
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2023-05-26 00:00:00 UTC
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Deckers (DECK) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates (Revised)
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DECK
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https://www.nasdaq.com/articles/deckers-deck-q4-earnings%3A-how-key-metrics-compare-to-wall-street-estimates-revised
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nan
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nan
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For the quarter ended March 2023, Deckers (DECK) reported revenue of $791.57 million, up 7.6% over the same period last year. EPS came in at $3.46, compared to $2.51 in the year-ago quarter.
The reported revenue represents a surprise of +12.50% over the Zacks Consensus Estimate of $703.63 million. With the consensus EPS estimate being $2.61, the EPS surprise was +32.57%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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- UGG brand- Total: $314.30 million versus the three-analyst average estimate of $276.20 million. The reported number represents a year-over-year change of -16.1%.
Net sales by brand and channel- Teva brands- Total: $62.80 million versus $54.95 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +14.6% change.
Net sales by brand and channel- Sanuk brands- Total: $10.70 million compared to the $11.93 million average estimate based on three analysts. The reported number represents a change of -10.1% year over year.
Net sales by brand and channel- Other brands- Total: $6 million versus $11.18 million estimated by two analysts on average.
Net sales by brand and channel- HOKA brand- Total: $397.70 million compared to the $358.99 million average estimate based on two analysts. The reported number represents a change of +40.3% year over year.
View all Key Company Metrics for Deckers here>>>
Shares of Deckers have returned -8% over the past month versus the Zacks S&P 500 composite's -0.4% 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.
(We are reissuing this article to correct a mistake. The original article, issued on May 25, 2023, should no longer be relied upon.)
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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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- UGG brand- Total: $314.30 million versus the three-analyst average estimate of $276.20 million. For the quarter ended March 2023, Deckers (DECK) reported revenue of $791.57 million, up 7.6% 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- UGG brand- Total: $314.30 million versus the three-analyst average estimate of $276.20 million. For the quarter ended March 2023, Deckers (DECK) reported revenue of $791.57 million, up 7.6% 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- UGG brand- Total: $314.30 million versus the three-analyst average estimate of $276.20 million. For the quarter ended March 2023, Deckers (DECK) reported revenue of $791.57 million, up 7.6% 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- UGG brand- Total: $314.30 million versus the three-analyst average estimate of $276.20 million. For the quarter ended March 2023, Deckers (DECK) reported revenue of $791.57 million, up 7.6% over the same period last year. View all Key Company Metrics for Deckers here>>>
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dd5d03f9-5715-4589-b5df-e08a07ad3c45
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723817.0
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2023-05-25 00:00:00 UTC
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Deckers (DECK) Q4 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-q4-earnings%3A-how-key-metrics-compare-to-wall-street-estimates
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nan
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nan
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For the quarter ended March 2023, Deckers (DECK) reported revenue of $791.57 million, up 7.6% over the same period last year. EPS came in at $3.46, compared to $2.51 in the year-ago quarter.
The reported revenue represents a surprise of +12.50% over the Zacks Consensus Estimate of $703.63 million. With the consensus EPS estimate being $2.61, the EPS surprise was +32.57%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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- UGG brand- Total: $314.30 million versus the three-analyst average estimate of $276.20 million. The reported number represents a year-over-year change of -16.1%.
Net sales by brand and channel- Teva brands- Total: $62.80 million versus $54.95 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +14.6% change.
Net sales by brand and channel- Sanuk brands- Total: $10.70 million compared to the $11.93 million average estimate based on three analysts. The reported number represents a change of -10.1% year over year.
Net sales by brand and channel- Other brands- Total: $6 million versus $11.18 million estimated by two analysts on average.
Net sales by brand and channel- Other brands- Total: $6 million compared to the $11.18 million average estimate based on two analysts.
Net sales by brand and channel- Other brands- Total: $6 million versus $11.18 million estimated by two analysts on average.
Net sales by brand and channel- Other brands- Total: $6 million versus $11.18 million estimated by two analysts on average.
Net sales by brand and channel- HOKA brand- Total: $397.70 million compared to the $358.99 million average estimate based on two analysts. The reported number represents a change of +40.3% year over year.
View all Key Company Metrics for Deckers here>>>
Shares of Deckers have returned -8% over the past month versus the Zacks S&P 500 composite's -0.4% 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.
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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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- UGG brand- Total: $314.30 million versus the three-analyst average estimate of $276.20 million. For the quarter ended March 2023, Deckers (DECK) reported revenue of $791.57 million, up 7.6% 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- UGG brand- Total: $314.30 million versus the three-analyst average estimate of $276.20 million. For the quarter ended March 2023, Deckers (DECK) reported revenue of $791.57 million, up 7.6% 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- UGG brand- Total: $314.30 million versus the three-analyst average estimate of $276.20 million. For the quarter ended March 2023, Deckers (DECK) reported revenue of $791.57 million, up 7.6% over the same period last year. View all Key Company Metrics for Deckers here>>>
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For the quarter ended March 2023, Deckers (DECK) reported revenue of $791.57 million, up 7.6% over the same period last year. 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- UGG brand- Total: $314.30 million versus the three-analyst average estimate of $276.20 million. View all Key Company Metrics for Deckers here>>>
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68dd3e39-0426-4d0e-8a3e-3369b9444446
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723818.0
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2023-05-25 00:00:00 UTC
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Deckers (DECK) Tops Q4 Earnings and Revenue Estimates
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DECK
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https://www.nasdaq.com/articles/deckers-deck-tops-q4-earnings-and-revenue-estimates
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nan
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nan
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Deckers (DECK) came out with quarterly earnings of $3.46 per share, beating the Zacks Consensus Estimate of $2.61 per share. This compares to earnings of $2.51 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 32.57%. A quarter ago, it was expected that this maker of Ugg footwear would post earnings of $9.57 per share when it actually produced earnings of $10.48, delivering a surprise of 9.51%.
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 $791.57 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 12.50%. This compares to year-ago revenues of $736.01 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 10.3% since the beginning of the year versus the S&P 500's gain of 7.2%.
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 $2.05 on $692.82 million in revenues for the coming quarter and $21.70 on $3.92 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 42% 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.
One other stock from the same industry, Caleres Inc. (CAL), is yet to report results for the quarter ended April 2023. The results are expected to be released on June 1.
This footwear wholesaler and retailer is expected to post quarterly earnings of $0.93 per share in its upcoming report, which represents a year-over-year change of -29.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Caleres Inc.'s revenues are expected to be $699.02 million, down 4.9% from the year-ago quarter.
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
Caleres, Inc. (CAL) : 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 $3.46 per share, beating the Zacks Consensus Estimate of $2.61 per share. Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $791.57 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 12.50%. Deckers shares have added about 10.3% since the beginning of the year versus the S&P 500's gain of 7.2%.
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Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $791.57 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 12.50%. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Caleres, Inc. (CAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers (DECK) came out with quarterly earnings of $3.46 per share, beating the Zacks Consensus Estimate of $2.61 per share.
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Deckers (DECK) came out with quarterly earnings of $3.46 per share, beating the Zacks Consensus Estimate of $2.61 per share. Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $791.57 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 12.50%. Deckers shares have added about 10.3% since the beginning of the year versus the S&P 500's gain of 7.2%.
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While Deckers has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Deckers (DECK) came out with quarterly earnings of $3.46 per share, beating the Zacks Consensus Estimate of $2.61 per share. Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $791.57 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 12.50%.
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0d78a7ec-a20b-4ce6-822a-1a986287af45
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723819.0
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2023-05-25 00:00:00 UTC
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Deckers Outdoor Corp Bottom Line Climbs In Q4, Beats estimates
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-bottom-line-climbs-in-q4-beats-estimates
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nan
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nan
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(RTTNews) - Deckers Outdoor Corp (DECK) revealed a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $91.79 million, or $3.46 per share. This compares with $68.82 million, or $2.51 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $2.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 7.5% to $791.57 million from $736.01 million last year.
Deckers Outdoor Corp earnings at a glance (GAAP) :
-Earnings (Q4): $91.79 Mln. vs. $68.82 Mln. last year. -EPS (Q4): $3.46 vs. $2.51 last year. -Analyst Estimate: $2.67 -Revenue (Q4): $791.57 Mln vs. $736.01 Mln last 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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(RTTNews) - Deckers Outdoor Corp (DECK) revealed a profit for its fourth quarter that increased from the same period last year and beat the Street estimates. Deckers Outdoor Corp earnings at a glance (GAAP) : -Earnings (Q4): $91.79 Mln. Analysts on average had expected the company to earn $2.67 per share, according to figures compiled by Thomson Reuters.
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(RTTNews) - Deckers Outdoor Corp (DECK) revealed a profit for its fourth quarter that increased from the same period last year and beat the Street estimates. Deckers Outdoor Corp earnings at a glance (GAAP) : -Earnings (Q4): $91.79 Mln. -Analyst Estimate: $2.67 -Revenue (Q4): $791.57 Mln vs. $736.01 Mln last year.
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(RTTNews) - Deckers Outdoor Corp (DECK) revealed a profit for its fourth quarter that increased from the same period last year and beat the Street estimates. Deckers Outdoor Corp earnings at a glance (GAAP) : -Earnings (Q4): $91.79 Mln. The company's revenue for the quarter rose 7.5% to $791.57 million from $736.01 million last year.
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(RTTNews) - Deckers Outdoor Corp (DECK) revealed a profit for its fourth quarter that increased from the same period last year and beat the Street estimates. Deckers Outdoor Corp earnings at a glance (GAAP) : -Earnings (Q4): $91.79 Mln. The company's earnings totaled $91.79 million, or $3.46 per share.
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5bd5a574-f362-4d52-92b9-401ed7d86f1f
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723820.0
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2023-05-25 00:00:00 UTC
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Deckers Outdoor Q4 23 Earnings Conference Call At 4:30 PM ET
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-q4-23-earnings-conference-call-at-4%3A30-pm-et
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nan
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nan
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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on May 25, 2023, to discuss Q4 23 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 May 25, 2023, to discuss Q4 23 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 May 25, 2023, to discuss Q4 23 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 May 25, 2023, to discuss Q4 23 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 May 25, 2023, to discuss Q4 23 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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94b7060c-4a33-4232-8371-34ab9ec01d37
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723821.0
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2023-05-25 00:00:00 UTC
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MDY, GGG, DECK, PEN: Large Outflows Detected at ETF
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DECK
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https://www.nasdaq.com/articles/mdy-ggg-deck-pen%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 $185.8 million dollar outflow -- that's a 1.0% decrease week over week (from 41,140,000 to 40,720,000). Among the largest underlying components of MDY, in trading today Graco Inc (Symbol: GGG) is up about 0.6%, Deckers Outdoor Corp. (Symbol: DECK) is up about 1.8%, and Penumbra Inc (Symbol: PEN) is lower by about 0.6%. 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 $441.85. 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:
Institutional Holders of EQRX
FCF Videos
Top Ten Hedge Funds Holding ARHS
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 Graco Inc (Symbol: GGG) is up about 0.6%, Deckers Outdoor Corp. (Symbol: DECK) is up about 1.8%, and Penumbra Inc (Symbol: PEN) is lower by about 0.6%. 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 Graco Inc (Symbol: GGG) is up about 0.6%, Deckers Outdoor Corp. (Symbol: DECK) is up about 1.8%, and Penumbra Inc (Symbol: PEN) is lower by about 0.6%. 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 $441.85. 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 Graco Inc (Symbol: GGG) is up about 0.6%, Deckers Outdoor Corp. (Symbol: DECK) is up about 1.8%, and Penumbra Inc (Symbol: PEN) is lower by about 0.6%. 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 $185.8 million dollar outflow -- that's a 1.0% decrease week over week (from 41,140,000 to 40,720,000). 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 $441.85.
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Among the largest underlying components of MDY, in trading today Graco Inc (Symbol: GGG) is up about 0.6%, Deckers Outdoor Corp. (Symbol: DECK) is up about 1.8%, and Penumbra Inc (Symbol: PEN) is lower by about 0.6%. 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 $185.8 million dollar outflow -- that's a 1.0% decrease week over week (from 41,140,000 to 40,720,000). 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 $441.85.
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dfaac5d9-fc4a-473c-85da-575630388be1
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723822.0
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2023-05-24 00:00:00 UTC
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Deckers Outdoor Becomes Oversold (DECK)
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-becomes-oversold-deck
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nan
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Wednesday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $437.57 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 48.8. A bullish investor could look at DECK's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DECK shares:
Looking at the chart above, DECK's low point in its 52 week range is $235.9366 per share, with $503.4801 as the 52 week high point — that compares with a last trade of $438.74.
Find out what 9 other oversold stocks you need to know about »
Also see:
Top Stocks Held By Cathie Wood
RHS Dividend History
MCMJ YTD Return
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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A bullish investor could look at DECK's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DECK shares: Looking at the chart above, DECK's low point in its 52 week range is $235.9366 per share, with $503.4801 as the 52 week high point — that compares with a last trade of $438.74. In trading on Wednesday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $437.57 per share.
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A bullish investor could look at DECK's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DECK shares: Looking at the chart above, DECK's low point in its 52 week range is $235.9366 per share, with $503.4801 as the 52 week high point — that compares with a last trade of $438.74. In trading on Wednesday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $437.57 per share.
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In trading on Wednesday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $437.57 per share. The chart below shows the one year performance of DECK shares: Looking at the chart above, DECK's low point in its 52 week range is $235.9366 per share, with $503.4801 as the 52 week high point — that compares with a last trade of $438.74. A bullish investor could look at DECK's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Wednesday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $437.57 per share. A bullish investor could look at DECK's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DECK shares: Looking at the chart above, DECK's low point in its 52 week range is $235.9366 per share, with $503.4801 as the 52 week high point — that compares with a last trade of $438.74.
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8d70864f-ae46-42c9-a185-40ad35d39586
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723823.0
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2023-05-24 00:00:00 UTC
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Implied IWF Analyst Target Price: $278
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DECK
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https://www.nasdaq.com/articles/implied-iwf-analyst-target-price%3A-%24278
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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 Russell 1000 Growth ETF (Symbol: IWF), we found that the implied analyst target price for the ETF based upon its underlying holdings is $277.89 per unit.
With IWF trading at a recent price near $251.39 per unit, that means that analysts see 10.54% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IWF's underlying holdings with notable upside to their analyst target prices are Trex Co Inc (Symbol: TREX), Liberty Media Corp (Symbol: FWONK), and Deckers Outdoor Corp. (Symbol: DECK). Although TREX has traded at a recent price of $54.19/share, the average analyst target is 15.33% higher at $62.50/share. Similarly, FWONK has 13.01% upside from the recent share price of $70.41 if the average analyst target price of $79.57/share is reached, and analysts on average are expecting DECK to reach a target price of $505.38/share, which is 12.61% above the recent price of $448.79. Below is a twelve month price history chart comparing the stock performance of TREX, FWONK, 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 Russell 1000 Growth ETF IWF $251.39 $277.89 10.54%
Trex Co Inc TREX $54.19 $62.50 15.33%
Liberty Media Corp FWONK $70.41 $79.57 13.01%
Deckers Outdoor Corp. DECK $448.79 $505.38 12.61%
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:
Funds Holding KS
MDGN Videos
Funds Holding JSD
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 Russell 1000 Growth ETF IWF $251.39 $277.89 10.54% Trex Co Inc TREX $54.19 $62.50 15.33% Liberty Media Corp FWONK $70.41 $79.57 13.01% Deckers Outdoor Corp. DECK $448.79 $505.38 12.61% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IWF's underlying holdings with notable upside to their analyst target prices are Trex Co Inc (Symbol: TREX), Liberty Media Corp (Symbol: FWONK), and Deckers Outdoor Corp. (Symbol: DECK). Similarly, FWONK has 13.01% upside from the recent share price of $70.41 if the average analyst target price of $79.57/share is reached, and analysts on average are expecting DECK to reach a target price of $505.38/share, which is 12.61% above the recent price of $448.79.
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Three of IWF's underlying holdings with notable upside to their analyst target prices are Trex Co Inc (Symbol: TREX), Liberty Media Corp (Symbol: FWONK), and Deckers Outdoor Corp. (Symbol: DECK). Similarly, FWONK has 13.01% upside from the recent share price of $70.41 if the average analyst target price of $79.57/share is reached, and analysts on average are expecting DECK to reach a target price of $505.38/share, which is 12.61% above the recent price of $448.79. iShares Russell 1000 Growth ETF IWF $251.39 $277.89 10.54% Trex Co Inc TREX $54.19 $62.50 15.33% Liberty Media Corp FWONK $70.41 $79.57 13.01% Deckers Outdoor Corp. DECK $448.79 $505.38 12.61% 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, FWONK has 13.01% upside from the recent share price of $70.41 if the average analyst target price of $79.57/share is reached, and analysts on average are expecting DECK to reach a target price of $505.38/share, which is 12.61% above the recent price of $448.79. Three of IWF's underlying holdings with notable upside to their analyst target prices are Trex Co Inc (Symbol: TREX), Liberty Media Corp (Symbol: FWONK), and Deckers Outdoor Corp. (Symbol: DECK). Below is a twelve month price history chart comparing the stock performance of TREX, FWONK, and DECK: Below is a summary table of the current analyst target prices discussed above:
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iShares Russell 1000 Growth ETF IWF $251.39 $277.89 10.54% Trex Co Inc TREX $54.19 $62.50 15.33% Liberty Media Corp FWONK $70.41 $79.57 13.01% Deckers Outdoor Corp. DECK $448.79 $505.38 12.61% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IWF's underlying holdings with notable upside to their analyst target prices are Trex Co Inc (Symbol: TREX), Liberty Media Corp (Symbol: FWONK), and Deckers Outdoor Corp. (Symbol: DECK). Similarly, FWONK has 13.01% upside from the recent share price of $70.41 if the average analyst target price of $79.57/share is reached, and analysts on average are expecting DECK to reach a target price of $505.38/share, which is 12.61% above the recent price of $448.79.
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4f4a0c19-3164-48a6-90fe-d6c304eaf8b3
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723824.0
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2023-05-23 00:00:00 UTC
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Guess? (GES) Gears Up for Q1 Earnings: What Should You Know?
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DECK
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https://www.nasdaq.com/articles/guess-ges-gears-up-for-q1-earnings%3A-what-should-you-know
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nan
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nan
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Guess?, Inc. GES is likely to register a top-and-bottom-line decline when it reports first-quarter fiscal 2024 earnings on May 24. The Zacks Consensus Estimate for revenues is pegged at $555 million, suggesting a decrease of 6.4% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for the bottom line has remained unchanged in the past 30 days at a loss of 28 cents per share. The projection indicates a significant deterioration from earnings of 24 cents reported in the year-ago period quarter. Guess? has a trailing four-quarter negative earnings surprise of 2.1%, on average.
Guess?, Inc. Price, Consensus and EPS Surprise
Guess?, Inc. price-consensus-eps-surprise-chart | Guess?, Inc. Quote
Factors to Consider
Guess? has been bearing the brunt of global cost headwinds and foreign currency volatility. On its fourth-quarter fiscal 2023earnings call management stated that though inflationary pressure has been easing, it expects increased interest rates to affect consumer spending. In addition, uncertainty surrounding the Ukraine war poses threats to the global economy. Guess? continues to see labor and store occupancy cost inflation, per its fourth-quarterearnings call
Guess? expects consumers to remain prudent regarding their spending during fiscal 2024. These factors raise concerns for the quarter under review. For the first quarter of fiscal 2024, management expects revenues to have decreased 7-6%. On an adjusted basis, the company expects a loss in the band of 31-25 cents per share. On a GAAP basis, it expects a loss in the band of 25-19 cents per share for the first quarter of fiscal 2024.
That being said, strength in the Europe business and a focus on six strategic initiatives bode well. The core strategies include organization and culture, functional capacities, brand relevance with three main consumer groups (heritage, Millennials and Generation Z customers), customer focus, product brilliance and international footprint. Moreover, GES has been benefiting from its solid digital business.
What the Zacks Model Unveils
Our proven model predicts an earnings beat for Guess? this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is the case here.
Guess? has an Earnings ESP of +9.09% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks With the Favorable Combination
Here are three other companies you may want to consider as our model shows that these also have the right combination of elements to post an earnings beat:
Costco Wholesale COST currently has an Earnings ESP of +0.04% and a Zacks Rank #3. The company’s bottom line is expected to increase year over year when it reports third-quarter fiscal 2023 results. The Zacks Consensus Estimate for the quarterly EPS is pegged at $3.32, suggesting 4.7% growth from the year-ago period figure. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Costco’s quarterly revenues is pegged at $54.6 billion, which implies a rise of 3.8% from the figure reported in the prior-year quarter. COST has a trailing four-quarter earnings surprise of 2.4%, on average.
Deckers Outdoor Corporation DECK currently has an Earnings ESP of +10.63% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results. The Zacks Consensus Estimate for revenues is pegged at $703.6 million, suggesting a dip of 4.4% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for Deckers’ quarterly earnings has increased from $2.57 per share to $2.60 in the past 30 days. The consensus estimate indicates growth of 3.6% from the figure reported in the prior-year quarter. DECK has a trailing four-quarter earnings surprise of nearly 31%, on average.
lululemon athletica LULU currently has an Earnings ESP of +0.24% and a Zacks Rank of 3. LULU is expected to register a top-line and bottom-line improvement when it reports first-quarter fiscal 2023 numbers.
The Zacks Consensus Estimate for lululemon’s quarterly revenues is pegged at $1.9 billion, calling for growth of 19.3% from the prior-year quarter’s reported figure. The Zacks Consensus Estimate for the quarterly EPS of $1.97 suggests growth of 33.1% from the figure reported in the year-ago fiscal quarter. LULU has a trailing four-quarter earnings surprise of 6.8%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Costco Wholesale Corporation (COST) : Free Stock Analysis Report
Guess?, Inc. (GES) : 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 currently has an Earnings ESP of +10.63% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results. The Zacks Consensus Estimate for Deckers’ quarterly earnings has increased from $2.57 per share to $2.60 in the past 30 days.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Guess?, Inc. (GES) : 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 currently has an Earnings ESP of +10.63% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Guess?, Inc. (GES) : 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 currently has an Earnings ESP of +10.63% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results.
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The Zacks Consensus Estimate for Deckers’ quarterly earnings has increased from $2.57 per share to $2.60 in the past 30 days. Deckers Outdoor Corporation DECK currently has an Earnings ESP of +10.63% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results.
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691ced55-6eec-445f-882d-b2c510418070
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723825.0
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2023-05-22 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
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nan
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nan
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Fintel reports that on May 22, 2023, Telsey Advisory Group reiterated coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation.
Analyst Price Forecast Suggests 13.60% Upside
As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. The forecasts range from a low of 373.70 to a high of $588.00. The average price target represents an increase of 13.60% from its latest reported closing price of 454.79.
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 1101 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 79 owner(s) or 7.73% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.40%, an increase of 4.94%. Total shares owned by institutions decreased in the last three months by 3.87% to 30,178K shares.
The put/call ratio of DECK is 1.08, indicating a bearish outlook.
What are Other Shareholders Doing?
IJH - iShares Core S&P Mid-Cap ETF holds 817K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 775K shares, representing an increase of 5.15%. The firm increased its portfolio allocation in DECK by 17.49% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 805K shares representing 3.05% ownership of the company. In it's prior filing, the firm reported owning 795K shares, representing an increase of 1.23%. The firm increased its portfolio allocation in DECK by 19.39% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 743K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 742K shares, representing an increase of 0.07%. The firm increased its portfolio allocation in DECK by 14.73% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 682K shares representing 2.59% ownership of the company. In it's prior filing, the firm reported owning 674K shares, representing an increase of 1.21%. The firm increased its portfolio allocation in DECK by 19.66% 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.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended March 31, 2022 ☐ Transition Report Pursuant
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 May 22, 2023, Telsey Advisory Group reiterated coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 13.60% Upside As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Fintel reports that on May 22, 2023, Telsey Advisory Group reiterated coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 13.60% Upside As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Fintel reports that on May 22, 2023, Telsey Advisory Group reiterated coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation. Analyst Price Forecast Suggests 13.60% Upside As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%.
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Analyst Price Forecast Suggests 13.60% Upside As of May 11, 2023, the average one-year price target for Deckers Outdoor is 516.63. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%. There are 1101 funds or institutions reporting positions in Deckers Outdoor.
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321b6b59-bd5b-4d09-9007-993900df8b17
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723826.0
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2023-05-22 00:00:00 UTC
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Will Deckers (DECK) Beat Estimates Again in Its Next Earnings Report?
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DECK
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https://www.nasdaq.com/articles/will-deckers-deck-beat-estimates-again-in-its-next-earnings-report-0
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nan
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nan
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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Deckers (DECK). This company, which is in the Zacks Shoes and Retail Apparel industry, shows potential for another earnings beat.
This maker of Ugg footwear has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 6.67%.
For the most recent quarter, Deckers was expected to post earnings of $9.57 per share, but it reported $10.48 per share instead, representing a surprise of 9.51%. For the previous quarter, the consensus estimate was $3.66 per share, while it actually produced $3.80 per share, a surprise of 3.83%.
Price and EPS Surprise
Thanks in part to this history, there has been a favorable change in earnings estimates for Deckers lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. 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.
Deckers has an Earnings ESP of +10.63% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on May 25, 2023.
With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
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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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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Deckers (DECK). For the most recent quarter, Deckers was expected to post earnings of $9.57 per share, but it reported $10.48 per share instead, representing a surprise of 9.51%. Price and EPS Surprise Thanks in part to this history, there has been a favorable change in earnings estimates for Deckers lately.
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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Deckers (DECK). For the most recent quarter, Deckers was expected to post earnings of $9.57 per share, but it reported $10.48 per share instead, representing a surprise of 9.51%. Price and EPS Surprise Thanks in part to this history, there has been a favorable change in earnings estimates for Deckers lately.
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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Deckers (DECK). For the most recent quarter, Deckers was expected to post earnings of $9.57 per share, but it reported $10.48 per share instead, representing a surprise of 9.51%. Price and EPS Surprise Thanks in part to this history, there has been a favorable change in earnings estimates for Deckers lately.
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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Deckers (DECK). For the most recent quarter, Deckers was expected to post earnings of $9.57 per share, but it reported $10.48 per share instead, representing a surprise of 9.51%. Price and EPS Surprise Thanks in part to this history, there has been a favorable change in earnings estimates for Deckers lately.
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2653e361-315c-49d6-bc10-a667716feced
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723827.0
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2023-05-22 00:00:00 UTC
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Factors to Decide the Fate of Ralph Lauren (RL) in Q4 Earnings
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DECK
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https://www.nasdaq.com/articles/factors-to-decide-the-fate-of-ralph-lauren-rl-in-q4-earnings
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nan
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Ralph Lauren Corporation RL is expected to register a bottom-line decline when it reports fourth-quarter fiscal 2023 numbers on May 25, before the opening bell. The Zacks Consensus Estimate for fourth-quarter fiscal 2023 revenues is pegged at $1.5 billion, which indicates a decline of 3.5% from the year-ago quarter’s reported figure.
The Zacks Consensus Estimate for fiscal fourth-quarter earnings is pegged at 65 cents per share, which suggests growth of 32.7% from the year-ago quarter’s reported figure. The consensus mark for earnings has been unchanged in the past 30 days.
The apparel and lifestyle products company’s earnings beat the Zacks Consensus Estimate by 15.1% in the last reported quarter. Its earnings outpaced the Zacks Consensus Estimate by 23.6%, on average, in the trailing four quarters.
Ralph Lauren Corporation Price and EPS Surprise
Ralph Lauren Corporation price-eps-surprise | Ralph Lauren Corporation Quote
Factors to Note
Ralph Lauren has been gaining from brand strength, solid demand, and expansion across all channels and regions. Its strategy of product elevation, acquisition of full-priced consumers, favorable channel and geographic mix, as well as ramping up of its targeting and personalization efforts, is likely to have supported AUR growth in the quarter under review.
The company’s focus on expanding digital and omni-channel capabilities via investments in mobile, omni-channel and fulfillment bodes well. Strength across owned and wholesale digital channels globally is likely to have been a key growth driver. Some other notable efforts on the online front are virtual selling appointments, “buy online, pick up in store,” endless aisle product availability, the introduction of additional digital sites in key markets, investments in AI-powered targeting and consumer acquisition.
These factors are likely to have aided the top line in the quarter under review. On its last reported quarter’searnings call management expected year-over-year revenue growth of mid to high-single digits at constant currency for the fourth quarter of fiscal 2023. The company anticipates an operating margin of 5.5%.
However, Ralph Lauren has been reeling under the negative impacts of higher freight and product cost inflation, which are anticipated to have dented margins in the fiscal fourth quarter. These are expected to have more than offset solid AUR growth and a positive product mix in the to-be-reported quarter.
Also, unfavorable currency fluctuations are likely to have been concerning. The company expected the unfavorable currency to negatively impact revenues by 500 bps, the gross margin by 140 bps and the operating margin by 160 bps in the to-be-reported quarter. These are likely to have impacted the bottom-line performance in the said quarter.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Ralph Lauren this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Ralph Lauren has a Zacks Rank #4 and an Earnings ESP of -6.92%.
Stocks Poised to Beat Earnings Estimates
Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat:
lululemon athletica LULU currently has an Earnings ESP of +0.24% and a Zacks Rank #3. LULU is likely to register bottom and top-line growth when it reports first-quarter fiscal 2023. The Zacks Consensus Estimate for its quarterly revenues is pegged at $1.92 billion, suggesting 19.3% growth from the figure reported in the prior-year quarter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for lululemon’s fiscal first-quarter earnings is pegged at $1.97 per share, suggesting 33.1% growth from $1.48 reported in the year-ago quarter. The consensus mark has moved up 2.1% in the past seven days.
Carnival Corp. CCL currently has an Earnings ESP of +0.42% and a Zacks Rank #3. CCL is likely to register top and bottom-line growth when it reports second-quarter fiscal 2023. The Zacks Consensus Estimate for its quarterly revenues is pegged at $4.8 billion, suggesting 100% growth from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for Carnival’s fiscal second-quarter loss is pegged at 34 cents per share, suggesting a significant improvement from a loss of $1.64 reported in the year-ago quarter. The consensus mark has been unchanged in the past 30 days.
Deckers Outdoor DECK currently has an Earnings ESP of +10.63% and a Zacks Rank #3. DECK is likely to register a bottom-line improvement when it reports fourth-quarter fiscal 2023 numbers.
The Zacks Consensus Estimate for Deckers’ quarterly revenues is pegged at $703.6 million, suggesting a decline of 4.4% from the prior-year quarter’s reported figure. The Zacks Consensus Estimate for quarterly EPS of $2.60 suggests a 3.6% increase from the year-ago quarter. The consensus mark for DECK’s earnings has moved up 1.2% in the past 30 days.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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
Carnival Corporation (CCL) : 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 DECK currently has an Earnings ESP of +10.63% and a Zacks Rank #3. DECK is likely to register a bottom-line improvement when it reports fourth-quarter fiscal 2023 numbers. The Zacks Consensus Estimate for Deckers’ quarterly revenues is pegged at $703.6 million, suggesting a decline of 4.4% from the prior-year quarter’s reported figure.
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Click to get this free report Carnival Corporation (CCL) : 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 DECK currently has an Earnings ESP of +10.63% and a Zacks Rank #3. DECK is likely to register a bottom-line improvement when it reports fourth-quarter fiscal 2023 numbers.
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Click to get this free report Carnival Corporation (CCL) : 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 DECK currently has an Earnings ESP of +10.63% and a Zacks Rank #3. DECK is likely to register a bottom-line improvement when it reports fourth-quarter fiscal 2023 numbers.
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Deckers Outdoor DECK currently has an Earnings ESP of +10.63% and a Zacks Rank #3. DECK is likely to register a bottom-line improvement when it reports fourth-quarter fiscal 2023 numbers. The Zacks Consensus Estimate for Deckers’ quarterly revenues is pegged at $703.6 million, suggesting a decline of 4.4% from the prior-year quarter’s reported figure.
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723828.0
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2023-05-19 00:00:00 UTC
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Notable Friday Option Activity: FSR, TWLO, DECK
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https://www.nasdaq.com/articles/notable-friday-option-activity%3A-fsr-twlo-deck
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Fisker Inc (Symbol: FSR), where a total of 71,448 contracts have traded so far, representing approximately 7.1 million underlying shares. That amounts to about 74.6% of FSR's average daily trading volume over the past month of 9.6 million shares. Especially high volume was seen for the $7 strike call option expiring May 26, 2023, with 18,692 contracts trading so far today, representing approximately 1.9 million underlying shares of FSR. Below is a chart showing FSR's trailing twelve month trading history, with the $7 strike highlighted in orange:
Twilio Inc (Symbol: TWLO) saw options trading volume of 37,640 contracts, representing approximately 3.8 million underlying shares or approximately 67.7% of TWLO's average daily trading volume over the past month, of 5.6 million shares. Especially high volume was seen for the $50 strike call option expiring May 19, 2023, with 9,084 contracts trading so far today, representing approximately 908,400 underlying shares of TWLO. Below is a chart showing TWLO's trailing twelve month trading history, with the $50 strike highlighted in orange:
And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 2,098 contracts thus far today. That number of contracts represents approximately 209,800 underlying shares, working out to a sizeable 62.6% of DECK's average daily trading volume over the past month, of 335,300 shares. Especially high volume was seen for the $440 strike put option expiring May 19, 2023, with 513 contracts trading so far today, representing approximately 51,300 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $440 strike highlighted in orange:
For the various different available expirations for FSR options, TWLO options, or DECK options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Technology Stocks Hedge Funds Are Buying
MYSZ Historical Stock Prices
ETFs Holding KLXI
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 $440 strike put option expiring May 19, 2023, with 513 contracts trading so far today, representing approximately 51,300 underlying shares of DECK. Below is a chart showing TWLO's trailing twelve month trading history, with the $50 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 2,098 contracts thus far today. That number of contracts represents approximately 209,800 underlying shares, working out to a sizeable 62.6% of DECK's average daily trading volume over the past month, of 335,300 shares.
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Below is a chart showing TWLO's trailing twelve month trading history, with the $50 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 2,098 contracts thus far today. That number of contracts represents approximately 209,800 underlying shares, working out to a sizeable 62.6% of DECK's average daily trading volume over the past month, of 335,300 shares. Especially high volume was seen for the $440 strike put option expiring May 19, 2023, with 513 contracts trading so far today, representing approximately 51,300 underlying shares of DECK.
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Below is a chart showing TWLO's trailing twelve month trading history, with the $50 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 2,098 contracts thus far today. That number of contracts represents approximately 209,800 underlying shares, working out to a sizeable 62.6% of DECK's average daily trading volume over the past month, of 335,300 shares. Especially high volume was seen for the $440 strike put option expiring May 19, 2023, with 513 contracts trading so far today, representing approximately 51,300 underlying shares of DECK.
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Below is a chart showing DECK's trailing twelve month trading history, with the $440 strike highlighted in orange: For the various different available expirations for FSR options, TWLO options, or DECK options, visit StockOptionsChannel.com. Below is a chart showing TWLO's trailing twelve month trading history, with the $50 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 2,098 contracts thus far today. That number of contracts represents approximately 209,800 underlying shares, working out to a sizeable 62.6% of DECK's average daily trading volume over the past month, of 335,300 shares.
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723829.0
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2023-05-17 00:00:00 UTC
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V.F. Corp. (VFC) to Report Q4 Earnings: Is a Beat in Store?
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DECK
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https://www.nasdaq.com/articles/v.f.-corp.-vfc-to-report-q4-earnings%3A-is-a-beat-in-store
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V.F. Corporation VFC is likely to register top and bottom-line decreases from the year-ago quarter’s reported figures when it posts fourth-quarter fiscal 2023 earnings on May 23, after the closing bell. The Zacks Consensus Estimate for quarterly revenues is pegged at $2.74 billion, indicating a 2.9% dip from the prior-year quarter’s reported figure.
The consensus estimate for earnings in the fiscal fourth quarter is pegged at 14 cents per share, suggesting a 68.9% decline from the year-ago quarter’s reported number. Earnings estimates have remained unchanged in the past 30 days. We expect fiscal fourth-quarter net revenues to decline 3.4% year over year to $2.7 billion and the bottom line to plunge 75.8% to 11 cents a share.
For fiscal 2023, the Zacks Consensus Estimate is pegged at $11.6 billion, suggesting a 1.9% decline from the prior-year quarter’s reported figure. The consensus estimate for earnings indicates a 34.9% year-over-year decline to $2.07. We expect the company’s fiscal 2023 total revenues to decrease 2% year over year to $11.6 billion and the bottom line to decline 35.6% to $2.05
V.F. Corp delivered a negative earnings surprise of 4.8% in the trailing four quarters, on average. In the last reported quarter, the company posted an earnings beat of 13.1%.
V.F. Corporation Price and EPS Surprise
V.F. Corporation price-eps-surprise | V.F. Corporation Quote
Key Factors to Note
V.F. Corp has been gaining from its Supreme buyout and cost-saving efforts. It is on track with a strategic review of its Global Packs business, consisting of the Kipling, Eastpak and JanSport brands, as well as the divestiture and leaseback of its Europe headquarters in Stabio, Switzerland. VFC has been focused on lowering working capital and optimizing inventories.
The company has been benefiting from Supreme’s strong follower base in the younger generation, even when consumers are moving away from apparel to essential spending. Management, in its last earnings report, noted that the fall/winter season started on a solid note. The brand’s newly launched Yoji-Yamamoda collection, the Nike ACG release as well as the Andre 3000 Poster campaign bode well.
However, V.F. Corp continues to reel under a tough operating environment and continued supply-chain headwinds. The company has been witnessing higher lead times across the supply chain which should have affected business in the quarter under review. Also, increased volatility on the distribution and logistics front, particularly in the Americas, is likely to have acted as a deterrent.
The company’s China business has been facing logistics-related issues causing ongoing product delays due to impacts from the country’s eight-week lockdown during the first quarter of fiscal 2023. Currently, China has been witnessing sequential improvement as it reopens but the lower consumer spending remains a concern.
On its last earnings report, the company expected fiscal 2023 constant dollar revenue growth of 3%, down from earlier mention of 5-6%. Vans brand revenue for the fiscal year was anticipated to be down in the high-single digits, compared with the prior mentioned mid-single digits.
VFC forecasted the gross margin to decline 200 bps year over year, compared with the prior mentioned decline of 100-150 bps. Adjusted operating margin was envisioned to be 9.5%, down from the earlier mentioned 11%. V.F. Corp predicted adjusted earnings per share in the range of $2.05-$2.15, compared with $2.40-$2.50 stated earlier.
What the Zacks Model Unveils
Our proven model conclusively predicts an earnings beat for V.F. Corp 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.
V.F. Corp has an Earnings ESP of +3.70% and a Zacks Rank of 3.
Stocks Poised to Beat Earnings Estimates
Here are some companies, which according to our model, have the right combination of elements to post an earnings beat:
BJ's Wholesale Club BJ currently has an Earnings ESP of +4.19% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The company is likely to register top-line growth when it reports first-quarter fiscal 2023 results on May 23. The consensus mark for BJ’s quarterly revenues is pegged at $4.81 billion, which suggests growth of 7% from the figure reported in the prior-year quarter
The Zacks Consensus Estimate for BJ’s earnings has remained constant at 84 cents per share in the past 30 days. However, the consensus estimate indicates a 3.5% decline from the figure reported in the year-ago quarter.
Deckers Outdoor Corporation DECK currently has an Earnings ESP of +7.36% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results. The Zacks Consensus Estimate for revenues is pegged at $703.6 million, suggesting a dip of 4.4% from the prior-year quarter’s reported figure.
The consensus estimate for Deckers’ quarterly earnings has increased from $2.54 per share to $2.60 per share in the past 30 days. The consensus estimate indicates growth of 3.6% from the figure reported in the prior-year quarter. DECK has a trailing four-quarter earnings surprise of nearly 31%, on average.
lululemon athletica LULU currently has an Earnings ESP of +1.97% and a Zacks Rank of 3. LULU is expected to register a top-line and bottom-line improvement when it reports first-quarter fiscal 2023 numbers.
The Zacks Consensus Estimate for lululemon’s quarterly revenues is pegged at $1.9 billion, calling for growth of 19.5% from the prior-year quarter’s reported figure. The consensus estimate for the quarterly earnings per share of $1.93 suggests growth of 30.4% from the figure reported in the year-ago fiscal quarter. LULU has a trailing four-quarter earnings surprise of 6.8%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV 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
V.F. Corporation (VFC) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
BJ's Wholesale Club Holdings, Inc. (BJ) : 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 currently has an Earnings ESP of +7.36% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results. The consensus estimate for Deckers’ quarterly earnings has increased from $2.54 per share to $2.60 per share in the past 30 days.
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Corporation (VFC) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report BJ's Wholesale Club Holdings, Inc. (BJ) : 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 currently has an Earnings ESP of +7.36% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results.
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Corporation (VFC) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report BJ's Wholesale Club Holdings, Inc. (BJ) : 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 currently has an Earnings ESP of +7.36% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results.
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The consensus estimate for Deckers’ quarterly earnings has increased from $2.54 per share to $2.60 per share in the past 30 days. Deckers Outdoor Corporation DECK currently has an Earnings ESP of +7.36% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results.
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723830.0
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2023-05-17 00:00:00 UTC
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Why Earnings Season Could Be Great for Deckers (DECK)
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DECK
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https://www.nasdaq.com/articles/why-earnings-season-could-be-great-for-deckers-deck
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Investors are always looking for stocks that are poised to beat at earnings season and Deckers Outdoor Corporation DECK may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Deckers is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for DECK in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $2.80 per share for DECK, compared to a broader Zacks Consensus Estimate of $2.60 per share. This suggests that analysts have very recently bumped up their estimates for DECK, giving the stock a Zacks Earnings ESP of +7.36% heading into earnings season.
Deckers Outdoor Corporation Price and EPS Surprise
Deckers Outdoor Corporation price-eps-surprise | Deckers Outdoor Corporation Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that DECK has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Deckers, and that a beat might be in the cards for the upcoming report.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV 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
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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After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for DECK in this report. Clearly, recent earnings estimate revisions suggest that good things are ahead for Deckers, and that a beat might be in the cards for the upcoming report. Investors are always looking for stocks that are poised to beat at earnings season and Deckers Outdoor Corporation DECK may be one such company.
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Deckers Outdoor Corporation Price and EPS Surprise Deckers Outdoor Corporation price-eps-surprise | Deckers Outdoor Corporation Quote Why is this Important? Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors are always looking for stocks that are poised to beat at earnings season and Deckers Outdoor Corporation DECK may be one such company.
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This suggests that analysts have very recently bumped up their estimates for DECK, giving the stock a Zacks Earnings ESP of +7.36% heading into earnings season. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors are always looking for stocks that are poised to beat at earnings season and Deckers Outdoor Corporation DECK may be one such company.
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Investors are always looking for stocks that are poised to beat at earnings season and Deckers Outdoor Corporation DECK may be one such company. This suggests that analysts have very recently bumped up their estimates for DECK, giving the stock a Zacks Earnings ESP of +7.36% heading into earnings season. Given that DECK has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings.
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2023-05-16 00:00:00 UTC
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SPDR S&P MIDCAP 400 ETF Trust Experiences Big Inflow
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DECK
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https://www.nasdaq.com/articles/spdr-sp-midcap-400-etf-trust-experiences-big-inflow-2
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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 $98.6 million dollar inflow -- that's a 0.5% increase week over week in outstanding units (from 40,920,000 to 41,140,000). Among the largest underlying components of MDY, in trading today Graco Inc (Symbol: GGG) is down about 0.3%, Deckers Outdoor Corp. (Symbol: DECK) is off about 3%, and Penumbra Inc (Symbol: PEN) is lower by about 1.3%. 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 $443.01. 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 had notable inflows »
Also see:
Dividend Calculator
OPWR Historical Stock Prices
RAS Options Chain
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 Graco Inc (Symbol: GGG) is down about 0.3%, Deckers Outdoor Corp. (Symbol: DECK) is off about 3%, and Penumbra Inc (Symbol: PEN) is lower by about 1.3%. 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 Graco Inc (Symbol: GGG) is down about 0.3%, Deckers Outdoor Corp. (Symbol: DECK) is off about 3%, and Penumbra Inc (Symbol: PEN) is lower by about 1.3%. 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 $443.01. 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 ».
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Among the largest underlying components of MDY, in trading today Graco Inc (Symbol: GGG) is down about 0.3%, Deckers Outdoor Corp. (Symbol: DECK) is off about 3%, and Penumbra Inc (Symbol: PEN) is lower by about 1.3%. 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 $98.6 million dollar inflow -- that's a 0.5% increase week over week in outstanding units (from 40,920,000 to 41,140,000). 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 $443.01.
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Among the largest underlying components of MDY, in trading today Graco Inc (Symbol: GGG) is down about 0.3%, Deckers Outdoor Corp. (Symbol: DECK) is off about 3%, and Penumbra Inc (Symbol: PEN) is lower by about 1.3%. 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 $98.6 million dollar inflow -- that's a 0.5% increase week over week in outstanding units (from 40,920,000 to 41,140,000). 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 $443.01.
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3d752ca1-08c3-48d5-bf57-6daa622afe9f
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723832.0
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2023-05-16 00:00:00 UTC
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Factors to Note Before Flowers Foods' (FLO) Q1 Earnings
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DECK
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https://www.nasdaq.com/articles/factors-to-note-before-flowers-foods-flo-q1-earnings
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nan
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nan
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Flowers Foods, Inc. FLO is likely to register top-line growth when it reports first-quarter fiscal 2023 earnings on May 18. The Zacks Consensus Estimate for revenues is pegged at $1,566 million, suggesting an increase of 9.1% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for the bottom line has remained unchanged in the past 30 days at 36 cents per share. The projection indicates a decline of 18.2% from the year-ago quarter’s earnings.
Flowers Foods has a trailing four-quarter earnings surprise of 9.4%, on average. The packaged bakery food product company’s earnings came in line with the consensus mark in the last reported quarter.
We expect first-quarter revenues to increase 9.6% to $1,573.2 million while anticipating the bottom line to decline 19.6% to 35 cents.
Flowers Foods, Inc. Price, Consensus and EPS Surprise
Flowers Foods, Inc. price-consensus-eps-surprise-chart | Flowers Foods, Inc. Quote
Factors to Consider
Flowers Foods has been benefiting from its core priorities, which include developing its team, concentrating on brands, prioritizing margins and looking out for prudent mergers and acquisitions. To this end, management has been shifting its focus toward becoming a more brand-focused company. FLO has been undertaking innovation in its leading brands, which has been aiding growth.
Talking of acquisitions, the company acquired Papa Pita Bakery in February 2023, which is likely to contribute to first-quarter results. For fiscal 2023, the company expects sales in the range of $5.176-$5.242 billion, suggesting a rise of 7.7-9.1% year over year. This also bodes well for the quarter under review.
However, Flowers Foods is battling major hurdles due to cost inflation and supply-chain bottlenecks. On its fourth-quarterearnings call Flowers Foods stated that it expects inflation to be high but is likely to decline in 2023. Along with flour, the company is seeing increased cost pressure across nearly all the categories of ingredients, natural gas and packaging. It also expects the possibilities of a recession during the year.
FLO expects costs related to upgrading its ERP system to peak in 2023, which is likely to affect the adjusted EBITDA by nearly 9 cents. Additionally, management expects a rise in depreciation and amortization in 2023 compared with the 2023 level. These factors raise concerns for the bottom line.
However, Flowers Foods has been benefiting from its pricing efforts. Impressive pricing and portfolio strategies, along with enhanced efficiencies, have been helping the company counter various inflationary and supply-chain headwinds.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Flowers Foods this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here.
Flowers Foods has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable Combination
Here are three companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Target Corporation TGT currently has an Earnings ESP of +0.40% and a Zacks Rank #3. The company’s bottom line is expected to decline year over year when it reports first-quarter fiscal 2023 results. The Zacks Consensus Estimate for the quarterly EPS is pegged at $1.75. You can see the complete list of today’s Zacks #1 Rank stocks here.
Target’s top line is expected to rise year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $25.4 billion, which suggests a rise of 0.8% from the figure reported in the prior-year quarter. TGT delivered an earnings beat of nearly 36% in the last reported quarter.
Deckers Outdoor Corporation DECK currently has an Earnings ESP of +7.36% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results. The Zacks Consensus Estimate for revenues is pegged at $703.6 million, suggesting a dip of 4.4% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for Deckers’ quarterly earnings has increased from $2.54 per share to $2.60 in the past 30 days. The consensus estimate indicates growth of 3.6% from the figure reported in the prior-year quarter. DECK has a trailing four-quarter earnings surprise of nearly 31%, on average.
lululemon athletica LULU currently has an Earnings ESP of +1.97% and a Zacks Rank of 3. LULU is expected to register a top-line and bottom-line improvement when it reports first-quarter fiscal 2023 numbers.
The Zacks Consensus Estimate for lululemon’s quarterly revenues is pegged at $1.9 billion, calling for growth of 19.5% from the prior-year quarter’s reported figure. The Zacks Consensus Estimate for the quarterly EPS of $1.93 suggests growth of 30.4% from the figure reported in the year-ago fiscal quarter. LULU has a trailing four-quarter earnings surprise of 6.8%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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
Target Corporation (TGT) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
lululemon athletica inc. (LULU) : Free Stock Analysis Report
Flowers Foods, Inc. (FLO) : 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 has an Earnings ESP of +7.36% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results. The Zacks Consensus Estimate for Deckers’ quarterly earnings has increased from $2.54 per share to $2.60 in the past 30 days.
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Click to get this free report Target Corporation (TGT) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report Flowers Foods, Inc. (FLO) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK currently has an Earnings ESP of +7.36% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results.
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Click to get this free report Target Corporation (TGT) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report Flowers Foods, Inc. (FLO) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK currently has an Earnings ESP of +7.36% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results.
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Deckers Outdoor Corporation DECK currently has an Earnings ESP of +7.36% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results. The Zacks Consensus Estimate for Deckers’ quarterly earnings has increased from $2.54 per share to $2.60 in the past 30 days.
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f76b1c6d-a6f3-4e1b-8be5-464b9495a880
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723833.0
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2023-05-16 00:00:00 UTC
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Factors Likely to Influence Deckers' (DECK) Q4 Earnings
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DECK
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https://www.nasdaq.com/articles/factors-likely-to-influence-deckers-deck-q4-earnings
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nan
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nan
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Deckers Outdoor Corporation DECK is likely to register a decline in the top line when it reports fourth-quarter fiscal 2023 earnings results on May 25. The Zacks Consensus Estimate for revenues is pegged at $703.6 million, indicating a decline of 4.4% from the prior-year reported figure.
However, the bottom line of this designer, marketer and distributor of footwear, apparel and accessories is expected to increase year over year. The Zacks Consensus Estimate for fourth-quarter earnings per share has increased 2.4% to $2.60 over the past 30 days, suggesting an improvement from the $2.51 per share reported in the year-ago period.
Deckers has a trailing four-quarter earnings surprise of 31%, on average. In the last reported quarter, this Goleta, CA-based company’s bottom line outperformed the Zacks Consensus Estimate by a margin of 9.5%.
Deckers Outdoor Corporation Price, Consensus and EPS Surprise
Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote
Key Factors to Note
Deckers’ fourth-quarter performance is likely to have benefited from 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. The company’s focus on expanding brand assortments, introducing an innovative line of products and enhancing the direct-to-consumer business might have acted as tailwinds.
Keeping pace with 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 fourth-quarter sales at the HOKA ONE ONE brand is pegged at $359 million, suggesting an increase of 26.4% year over year. The consensus estimate for the Teva brand is currently pegged at $55 million, flat year over year.
The consensus estimate for sales at the UGG brand is $276 million, down from $375 million reported in the year-ago period. The consensus mark for sales at the Sanuk brand is $11.9 million, which is in line with the figure from the prior-year quarter.
While the aforementioned factors raise optimism, higher freight costs, labor shortages, strengthening of the U.S. dollar and geopolitical tensions are some of the headwinds Deckers might have encountered. On its lastearnings call management hinted that foreign currency headwinds would impact fourth-quarter revenues by $20 million and fiscal 2023 revenues by approximately $100 million.
What the Zacks Model Unveils
Our proven model shows that Deckers is likely to beat earnings estimates this quarter. 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, which is the case here.
Deckers currently has a Zacks Rank #3 and an Earnings ESP of +7.36%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks Poised to Beat Earnings Estimates
Here are three other companies worth considering, as our model shows that these have the right combination of elements to beat earnings this season:
BJ's Wholesale Club BJ currently has an Earnings ESP of +4.19% and a Zacks Rank of 2. The company is likely to register top-line growth when it reports first-quarter fiscal 2023 results on May 23. The consensus mark for BJ’s quarterly revenues is pegged at $4.81 billion, which suggests growth of 7% from the figure reported in the prior-year quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for BJ’s earnings has remained constant at 84 cents per share in the past 30 days. However, the consensus estimate indicates 3.5% decline from the figures reported in the year-ago quarter.
Target Corporation TGT currently has an Earnings ESP of +0.40% and a Zacks Rank of 3. The company is likely to register top-line growth when it reports first-quarter fiscal 2023 results on May 17. The consensus mark for TGT’s quarterly revenues is pegged at $25.37 billion, which suggests 0.8% growth from the figure reported in the prior-year quarter.
The consensus mark for TGT’s quarterly earnings has declined by 2 pennies in the past 30 days to $1.75 per share. The consensus estimate suggests a decline of 20.1% from the year-ago quarter.
DICK'S Sporting Goods DKS currently has an Earnings ESP of +3.39% and a Zacks Rank of 3. The company is likely to register growth in the top and bottom lines when it reports first-quarter fiscal 2023 numbers on May 23. The consensus mark for DKS’ quarterly earnings has remained unchanged in the past 30 days at $3.18 per share. Also, the consensus estimate suggests growth of 11.6% from the year-ago quarter’s reported number.
The Zacks Consensus Estimate for DKS’ quarterly revenues is pegged at $2.8 billion, which suggests an increase of 4.7% from the figure reported in the prior-year quarter.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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
Target Corporation (TGT) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report
DICK'S Sporting Goods, Inc. (DKS) : 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 likely to register a decline in the top line when it reports fourth-quarter fiscal 2023 earnings results on May 25. While the aforementioned factors raise optimism, higher freight costs, labor shortages, strengthening of the U.S. dollar and geopolitical tensions are some of the headwinds Deckers might have encountered. Deckers has a trailing four-quarter earnings surprise of 31%, on average.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote Key Factors to Note Deckers’ fourth-quarter performance is likely to have benefited from 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. Click to get this free report Target Corporation (TGT) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report DICK'S Sporting Goods, Inc. (DKS) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK is likely to register a decline in the top line when it reports fourth-quarter fiscal 2023 earnings results on May 25.
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Click to get this free report Target Corporation (TGT) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report DICK'S Sporting Goods, Inc. (DKS) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK is likely to register a decline in the top line when it reports fourth-quarter fiscal 2023 earnings results on May 25. Deckers has a trailing four-quarter earnings surprise of 31%, on average.
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Deckers Outdoor Corporation DECK is likely to register a decline in the top line when it reports fourth-quarter fiscal 2023 earnings results on May 25. Deckers currently has a Zacks Rank #3 and an Earnings ESP of +7.36%. Deckers has a trailing four-quarter earnings surprise of 31%, on average.
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723834.0
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2023-05-15 00:00:00 UTC
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How to Find Strong Consumer Discretionary Stocks Slated for Positive Earnings Surprises
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DECK
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https://www.nasdaq.com/articles/how-to-find-strong-consumer-discretionary-stocks-slated-for-positive-earnings-surprises-7
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nan
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Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important.
Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises.
Hunting for 'earnings whispers' or companies poised to beat their quarterly earnings estimates is a somewhat common practice. But that doesn't make it easy. One way that has been proven to work is by using the Zacks Earnings ESP tool.
The Zacks Earnings ESP, Explained
The Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report. The idea is relatively intuitive as a newer projection might be based on more complete information.
The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price.
In fact, when we combined a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time. Perhaps most importantly, using these parameters has helped produce 28.3% annual returns on average, according to our 10 year backtest.
Stocks with a #3 (Hold) ranking, which is most stocks covered at 60%, are expected to perform in-line with the broader market. But stocks that fall into the #2 (Buy) and #1 (Strong Buy) ranking, 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 last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. Deckers (DECK) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at $2.80 a share three days away from its upcoming earnings release on May 18, 2023.
DECK has an Earnings ESP figure of +7.36%, which, as explained above, is calculated by taking the percentage difference between the $2.80 Most Accurate Estimate and the Zacks Consensus Estimate of $2.60. Deckers is one of a large database of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
DECK is part of a big group of Consumer Discretionary stocks that boast a positive ESP, and investors may want to take a look at Charter Communications (CHTR) as well.
Slated to report earnings on August 4, 2023, Charter Communications holds a #3 (Hold) ranking on the Zacks Rank, and it's Most Accurate Estimate is $7.69 a share 81 days from its next quarterly update.
Charter Communications' Earnings ESP figure currently stands at +0.64% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $7.65.
Because both stocks hold a positive Earnings ESP, DECK and CHTR 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 >>
This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation
Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.
>>Yes, I Want to Help Protect My Portfolio During the Recession
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
Charter Communications, Inc. (CHTR) : 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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DECK is part of a big group of Consumer Discretionary stocks that boast a positive ESP, and investors may want to take a look at Charter Communications (CHTR) as well. Should You Consider Deckers? Deckers (DECK) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at $2.80 a share three days away from its upcoming earnings release on May 18, 2023.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Charter Communications, Inc. (CHTR) : Free Stock Analysis Report To read this article on Zacks.com click here. Should You Consider Deckers? Deckers (DECK) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at $2.80 a share three days away from its upcoming earnings release on May 18, 2023.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Charter Communications, Inc. (CHTR) : Free Stock Analysis Report To read this article on Zacks.com click here. Should You Consider Deckers? Deckers (DECK) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at $2.80 a share three days away from its upcoming earnings release on May 18, 2023.
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Because both stocks hold a positive Earnings ESP, DECK and CHTR could potentially post earnings beats in their next reports. Should You Consider Deckers? Deckers (DECK) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at $2.80 a share three days away from its upcoming earnings release on May 18, 2023.
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723835.0
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2023-05-12 00:00:00 UTC
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The TJX Companies (TJX) Readies for Q1 Earnings: Things to Note
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DECK
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https://www.nasdaq.com/articles/the-tjx-companies-tjx-readies-for-q1-earnings%3A-things-to-note
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nan
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nan
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The TJX Companies, Inc. TJX is likely to register top-and-bottom-line growth when it reports first-quarter fiscal 2024 earnings on May 17. The Zacks Consensus Estimate for revenues is pegged at $11,823 million, suggesting an increase of 3.7% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for the bottom line has remained unchanged in the past 30 days at 71 cents per share. The projection indicates growth of 4.4% from the year-ago quarter’s earnings.
The TJX Companies has a trailing four-quarter earnings surprise of roughly 6%, on average. The off-price retailer’s earnings came in line with the consensus mark in the last reported quarter.
We expect first-quarter revenues to increase 3.3% to $11,778.1 million and the bottom line to rise 2.2% to 69 cents.
The TJX Companies, Inc. Price, Consensus and EPS Surprise
The TJX Companies, Inc. price-consensus-eps-surprise-chart | The TJX Companies, Inc. Quote
Factors to Consider
TJX has been gaining from strength in the Marmaxx segment. In the fourth quarter of fiscal 2023, U.S. comp store sales grew 7% in Marmaxx, buoyed by solid apparel and accessories categories’ sales. Customer traffic remained the key driver behind comp store sales growth, with the average basket size also increasing. We believe that the continuation of these trends is likely to have aided the company’s overall sales in the quarter under review. However, the HomeGoods (U.S.) division has been seeing soft sales for the past few quarters.
The TJX Companies has been benefiting from its solid store and e-commerce growth efforts. The company has been witnessing solid demand for an in-person shopping experience in the last few years. Further, with an increasing number of consumers resorting to online shopping, The TJX Companies has undertaken several initiatives to boost online sales and strengthen its e-commerce business.
These upsides bode well for the quarter to be reported. For the first quarter, comp store sales are expected to have risen 2-3% and consolidated sales are expected to have increased 3-4% to the $11.7-$11.8 billion band.
Apart from this, The TJX Companies has been seeing growth in its pretax profit margin. For the first quarter of fiscal 2024, management anticipates a pretax profit margin in the range of 9.2-9.5%, which suggests an increase from the 7.5% reported in the first quarter of fiscal 2023.
However, the company has also been witnessing incremental wage costs and supply-chain costs. On its lastearnings call management stated that it expects high wage and supply-chain costs to remain hurdles in fiscal 2024, which may have persisted in the first quarter as well.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for The TJX Companies this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here.
The TJX Companies has a Zacks Rank #2 and an Earnings ESP of -0.70%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable Combination
Here are three companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Walmart WMT currently has an Earnings ESP of +0.49% and a Zacks Rank #3. The company’s bottom line is expected to remain flat year over year when it reports first-quarter fiscal 2023 results. The Zacks Consensus Estimate for quarterly earnings per share is pegged at $1.30. You can see the complete list of today’s Zacks #1 Rank stocks here.
Walmart’s top line is expected to rise year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $148.6 billion, which suggests a rise of almost 5% from the figure reported in the prior-year quarter. WMT delivered an earnings beat of 6.5%, on average, in the trailing four quarters.
Deckers Outdoor Corporation DECK currently has an Earnings ESP of +7.36% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results. The Zacks Consensus Estimate for revenues is pegged at $703.6 million, suggesting a dip of 4.4% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for Deckers’ quarterly earnings has increased from $2.54 per share to $2.60 in the past 30 days. The estimate indicates growth of 3.6% from the figure reported in the prior-year quarter. DECK has a trailing four-quarter earnings surprise of nearly 31%, on average.
lululemon athletica LULU currently has an Earnings ESP of +1.28% and a Zacks Rank of 3. LULU is expected to register a top-and-bottom-line improvement when it reports first-quarter fiscal 2023 numbers.
The Zacks Consensus Estimate for lululemon’s quarterly revenues is pegged at $1.9 billion, calling for growth of 19.5% from the prior-year quarter’s reported figure. The Zacks Consensus Estimate for the quarterly EPS of $1.93 suggests growth of 30.4% from the figure reported in the year-ago fiscal quarter. LULU has a trailing four-quarter earnings surprise of 6.8%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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The TJX Companies, Inc. (TJX) : Free Stock Analysis Report
Walmart Inc. (WMT) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : 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 currently has an Earnings ESP of +7.36% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results. The Zacks Consensus Estimate for Deckers’ quarterly earnings has increased from $2.54 per share to $2.60 in the past 30 days.
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Click to get this free report The TJX Companies, Inc. (TJX) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : 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 currently has an Earnings ESP of +7.36% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results.
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Click to get this free report The TJX Companies, Inc. (TJX) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : 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 currently has an Earnings ESP of +7.36% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results.
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Deckers Outdoor Corporation DECK currently has an Earnings ESP of +7.36% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results. The Zacks Consensus Estimate for Deckers’ quarterly earnings has increased from $2.54 per share to $2.60 in the past 30 days.
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996f5315-8cc2-4e1e-b431-cc4dec75bb8b
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723836.0
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2023-05-11 00:00:00 UTC
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MSCI kicks two Adani cos from indexes; no changes to Egypt stocks, others
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DECK
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https://www.nasdaq.com/articles/msci-kicks-two-adani-cos-from-indexes-no-changes-to-egypt-stocks-others
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nan
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nan
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(Adds details of index changes in paragraphs 2-3, Adani cos detail in paragraph 6)
NEW YORK, May 11 (Reuters) - Index provider MSCI said on Thursday two Adani-group companies will not be eligible for its global indexes, while 86 securities will be added to and 39 deleted from its widely followed MSCI ACWI stock index, as part of its quarterly index review.
MSCI said
earlier this week
it would apply a "special treatment" to Egyptian securities listed in its indexes following investor feedback about low FX liquidity in the country, meaning it would not "implement any changes as part of upcoming index reviews."
On Thursday it said there would be no changes in this review for securities from Bangladesh, Kenya, Nigeria or Sri Lanka.
The largest additions to the MSCI ACWI stock index will be the U.S.-based companies Builders Firstsource , Lattice Semiconductor and Deckers Outdoor Corp .
The three largest additions to its emerging markets index will be Beijing-Shanghai High Speed Railway , Jinko Solar and Xinjiang Daqo New Energy .
MSCI had
confirmed last week
it would lower the free float of two of India's Adani Group companies, Adani Total Gas and Adani Transmission . On Thursday it said these will no longer be eligible for inclusion in MSCI global investable market indexes.
MSCI also said Societatea Nationala Nuclearelectrica , Orange Cote D'Ivoire , and Sodep Marsa Maroc will be added to its frontier markets index.
The changes will be effective as of the close of May 31, MSCI said.
(Reporting by Rodrigo Campos Editing by Chris Reese and Richard Chang) ((rodrigo.campos@reuters.com; @RodrigoCampos;)) Keywords: MSCI INDEX/ (UPDATE 1)
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 largest additions to the MSCI ACWI stock index will be the U.S.-based companies Builders Firstsource , Lattice Semiconductor and Deckers Outdoor Corp . The three largest additions to its emerging markets index will be Beijing-Shanghai High Speed Railway , Jinko Solar and Xinjiang Daqo New Energy . MSCI also said Societatea Nationala Nuclearelectrica , Orange Cote D'Ivoire , and Sodep Marsa Maroc will be added to its frontier markets index.
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The largest additions to the MSCI ACWI stock index will be the U.S.-based companies Builders Firstsource , Lattice Semiconductor and Deckers Outdoor Corp . (Adds details of index changes in paragraphs 2-3, Adani cos detail in paragraph 6) NEW YORK, May 11 (Reuters) - Index provider MSCI said on Thursday two Adani-group companies will not be eligible for its global indexes, while 86 securities will be added to and 39 deleted from its widely followed MSCI ACWI stock index, as part of its quarterly index review. On Thursday it said these will no longer be eligible for inclusion in MSCI global investable market indexes.
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The largest additions to the MSCI ACWI stock index will be the U.S.-based companies Builders Firstsource , Lattice Semiconductor and Deckers Outdoor Corp . (Adds details of index changes in paragraphs 2-3, Adani cos detail in paragraph 6) NEW YORK, May 11 (Reuters) - Index provider MSCI said on Thursday two Adani-group companies will not be eligible for its global indexes, while 86 securities will be added to and 39 deleted from its widely followed MSCI ACWI stock index, as part of its quarterly index review. MSCI said earlier this week it would apply a "special treatment" to Egyptian securities listed in its indexes following investor feedback about low FX liquidity in the country, meaning it would not "implement any changes as part of upcoming index reviews."
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The largest additions to the MSCI ACWI stock index will be the U.S.-based companies Builders Firstsource , Lattice Semiconductor and Deckers Outdoor Corp . (Adds details of index changes in paragraphs 2-3, Adani cos detail in paragraph 6) NEW YORK, May 11 (Reuters) - Index provider MSCI said on Thursday two Adani-group companies will not be eligible for its global indexes, while 86 securities will be added to and 39 deleted from its widely followed MSCI ACWI stock index, as part of its quarterly index review. MSCI said earlier this week it would apply a "special treatment" to Egyptian securities listed in its indexes following investor feedback about low FX liquidity in the country, meaning it would not "implement any changes as part of upcoming index reviews."
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1557b81a-d8f0-4bfc-8356-e147b0d68db8
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723837.0
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2023-05-11 00:00:00 UTC
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Deckers (DECK) Earnings Expected to Grow: Should You Buy?
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DECK
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https://www.nasdaq.com/articles/deckers-deck-earnings-expected-to-grow%3A-should-you-buy
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nan
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nan
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The market expects Deckers (DECK) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This maker of Ugg footwear is expected to post quarterly earnings of $2.60 per share in its upcoming report, which represents a year-over-year change of +3.6%.
Revenues are expected to be $703.63 million, down 4.4% 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 an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
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. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
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 +7.36%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Deckers will most likely 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 $9.57 per share when it actually produced earnings of $10.48, delivering a surprise of +9.51%.
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 appears 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.
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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 market expects Deckers (DECK) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 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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The market expects Deckers (DECK) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 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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The market expects Deckers (DECK) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 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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So, this combination indicates that Deckers will most likely beat the consensus EPS estimate. For the last reported quarter, it was expected that Deckers would post earnings of $9.57 per share when it actually produced earnings of $10.48, delivering a surprise of +9.51%. The market expects Deckers (DECK) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2023.
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142306c2-304b-419d-85ea-6ad9f586cf30
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723838.0
|
2023-05-10 00:00:00 UTC
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Steven Madden (SHOO) Q1 Earnings Miss, Revenues Down Y/Y
|
DECK
|
https://www.nasdaq.com/articles/steven-madden-shoo-q1-earnings-miss-revenues-down-y-y
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nan
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nan
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Steven Madden, Ltd. SHOO reported mixed first-quarter 2023 results, wherein the top line beat the Zacks Consensus Estimate while the bottom line missed the same. However, both revenues and earnings declined year over year.
In the reported quarter, the company witnessed a challenging retail environment, conservative order patterns from wholesale customers and tough year-over-year comparisons. However, Steve Madden reduced its inventory levels and saw a strong gross margin performance in spite of a promotional retail backdrop.
Over the past three months, shares of this presently Zacks Rank #3 (Hold) player have increased 2.5% compared with the industry’s 9.6% rise.
Q1 Highlights
Steven Madden posted adjusted quarterly earnings of 50 cents per share that missed the Zacks Consensus Estimate and our consensus estimate by a couple of cents. The same decreased from 92 cents per share reported in the prior-year period.
Steven Madden, Ltd. Price, Consensus and EPS Surprise
Steven Madden, Ltd. price-consensus-eps-surprise-chart | Steven Madden, Ltd. Quote
Total revenues fell 17.1% year over year to $463.8 million. While net sales of $461.7 million decreased 17.2%, commission and licensing fee income of $2.1 million declined 12.5% from the year-ago period’s level. The top line came above the Zacks Consensus Estimate of $452 million and our consensus estimate of $449.6 million.
Gross profit tumbled 14.4% year over year to $195.1 million. Nonetheless, the gross margin expanded 140 basis points (bps) to 42.1%. Gross profit as a percentage of wholesale revenues increased 180 bps to 37%, driven by higher margin in the Wholesale accessories/apparel business. However, gross profit as a percentage of direct-to-consumer revenues, decreased 310 bps to 59.2% owing to higher promotional activity.
Adjusted operating expenses jumped 10.4% year over year to $147.4 million. Also, as a percentage of revenues, adjusted operating expenses expanded 800 bps to 31.8%.
Steven Madden reported an adjusted operating income of $47.7 million, down from $94.4 million registered in the same quarter a year ago. The adjusted operating margin contracted 660 bps to 10.3%.
Segmental Performance
Revenues for the Wholesale business decreased 19.3% year over year to $362.1 million. We note that Wholesale footwear revenues fell 18.6% year over year, while Wholesale accessories/apparel revenues were down 22%.
Direct-to-consumer revenues dipped 8.1% to $99.6 million, driven by a decrease in the brick-and-mortar business and e-commerce unit.
Steven Madden ended the first quarter with 235 brick-and-mortar retail outlets, five e-commerce websites and 21 company-operated concessions across international markets.
Other Financial Aspects
Steven Madden ended the reported quarter with cash and cash equivalents of $210 million, short-term investments of $13.7 million and stockholders’ equity of $821 million, excluding non-controlling interest of $16.7 million. Management incurred capital expenditures of $3.8 million in the first quarter of 2023.
In the reported quarter, SHOO repurchased $38.5 million of its common stock, including shares acquired via the net settlement of employees’ stock awards. Moreover, the company’s board has approved a raise in its share repurchase authorization of $189.9 million, with the total authorization up to $250 million. It has also approved a quarterly cash dividend of 21 cents per share, payable Jun 23, 2023, to stockholders of record as on Jun 12.
Guidance
Steven Madden continues to project revenues to decline 6.5-8% from the last year’s level. SHOO envisions earnings per share (EPS) of $2.39-$2.49 and adjusted EPS of $2.40-$2.50 for the year.
In 2022, Steven Madden reported revenues of $2.1 billion and adjusted EPS of $2.80.
Eye These Solid Picks
Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
Ralph Lauren, a footwear and accessories dealer, sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
RL has a trailing four-quarter earnings surprise of 23.6%, on average. The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales and EPS suggests growth of 5.5% and 14%, respectively, from the year-ago corresponding figures.
Oxford Industries, which designs, sources, markets and distributes lifestyle products and other brands, carries a Zacks Rank #2 (Buy). Oxford Industries has a trailing four-quarter earnings surprise of 18.9%, on average.
The Zacks Consensus Estimate for OXM’s current financial-year sales and EPS suggests growth of 13.7% and 10.4% from the year-ago reported numbers.
Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
The Zacks Consensus Estimate for Deckers’ current financial-year sales and EPS suggests growth of 11% and 17.1%, respectively, from the year-ago corresponding figures.
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Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
Oxford Industries, Inc. (OXM) : Free Stock Analysis Report
Steven Madden, Ltd. (SHOO) : 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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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report Steven Madden, Ltd. (SHOO) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report Steven Madden, Ltd. (SHOO) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present.
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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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adf75ed9-7574-413b-a3d4-2c8081fb578a
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723839.0
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2023-05-09 00:00:00 UTC
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Steven Madden (SHOO) Misses Q1 Earnings Estimates
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DECK
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https://www.nasdaq.com/articles/steven-madden-shoo-misses-q1-earnings-estimates
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nan
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nan
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Steven Madden (SHOO) came out with quarterly earnings of $0.50 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.92 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -3.85%. A quarter ago, it was expected that this footwear and accessories retailer would post earnings of $0.44 per share when it actually produced earnings of $0.44, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Steven Madden, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $463.83 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 2.64%. This compares to year-ago revenues of $559.73 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.
Steven Madden shares have added about 2.5% since the beginning of the year versus the S&P 500's gain of 7.8%.
What's Next for Steven Madden?
While Steven Madden 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 Steven Madden: 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 $0.54 on $483.9 million in revenues for the coming quarter and $2.48 on $1.97 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 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 March 2023.
This maker of Ugg footwear is expected to post quarterly earnings of $2.60 per share in its upcoming report, which represents a year-over-year change of +3.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Deckers' revenues are expected to be $703.63 million, down 4.4% from the year-ago quarter.
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Steven Madden, Ltd. (SHOO) : 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 March 2023. Deckers' revenues are expected to be $703.63 million, down 4.4% from the year-ago quarter. Click to get this free report Steven Madden, Ltd. (SHOO) : 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 Steven Madden, Ltd. (SHOO) : 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 March 2023. Deckers' revenues are expected to be $703.63 million, down 4.4% from the year-ago quarter.
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Click to get this free report Steven Madden, Ltd. (SHOO) : 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 March 2023. Deckers' revenues are expected to be $703.63 million, down 4.4% 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 March 2023. Deckers' revenues are expected to be $703.63 million, down 4.4% from the year-ago quarter. Click to get this free report Steven Madden, Ltd. (SHOO) : 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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8214c769-3a13-47f4-85ba-2bbaa1523a7a
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723840.0
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2023-05-08 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-9
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed today at just slightly below its 52 week high of $497.00, giving the company a market cap of $13B. The stock is currently up 23.9% year-to-date, up 100.6% over the past 12 months, and up 414.3% over the past five years. This week, the Dow Jones Industrial Average fell 1.2%, and the S&P 500 fell 0.7%.
Trading Activity
Trading volume this week was 2.5% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1.
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 a downward 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 75.0%
The company's stock price performance over the past 12 months beats the peer average by 390.0%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 98.5% 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 just slightly below its 52 week high of $497.00, giving the company a market cap of $13B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. 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 75.0% The company's stock price performance over the past 12 months beats the peer average by 390.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 98.5% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed today at just slightly below its 52 week high of $497.00, giving the company a market cap of $13B. This week, the Dow Jones Industrial Average fell 1.2%, and the S&P 500 fell 0.7%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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Deckers Outdoor Corp. (DECK) shares closed today at just slightly below its 52 week high of $497.00, giving the company a market cap of $13B. 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 75.0% The company's stock price performance over the past 12 months beats the peer average by 390.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 98.5% 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 just slightly below its 52 week high of $497.00, giving the company a market cap of $13B. This week, the Dow Jones Industrial Average fell 1.2%, and the S&P 500 fell 0.7%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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2073af3b-ec86-4df9-b8a3-ff8fe81d74a3
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723841.0
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2023-05-08 00:00:00 UTC
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Noteworthy ETF Outflows: MDY, GGG, DECK, ACM
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DECK
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https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-mdy-ggg-deck-acm
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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 $179.8 million dollar outflow -- that's a 1.0% decrease week over week (from 41,320,000 to 40,920,000). Among the largest underlying components of MDY, in trading today Graco Inc (Symbol: GGG) is off about 0.9%, Deckers Outdoor Corp. (Symbol: DECK) is up about 0.7%, and AECOM (Symbol: ACM) is up by about 0.1%. 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 $447.80. 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:
Top Stocks Held By David Einhorn
ICCC Insider Buying
MTRX Average Annual Return
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 Graco Inc (Symbol: GGG) is off about 0.9%, Deckers Outdoor Corp. (Symbol: DECK) is up about 0.7%, and AECOM (Symbol: ACM) is up 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 MDY, in trading today Graco Inc (Symbol: GGG) is off about 0.9%, Deckers Outdoor Corp. (Symbol: DECK) is up about 0.7%, and AECOM (Symbol: ACM) is up by about 0.1%. 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 $447.80. 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 Graco Inc (Symbol: GGG) is off about 0.9%, Deckers Outdoor Corp. (Symbol: DECK) is up about 0.7%, and AECOM (Symbol: ACM) is up 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 SPDR S&P MIDCAP 400 ETF Trust (Symbol: MDY) where we have detected an approximate $179.8 million dollar outflow -- that's a 1.0% decrease week over week (from 41,320,000 to 40,920,000). 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 $447.80.
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Among the largest underlying components of MDY, in trading today Graco Inc (Symbol: GGG) is off about 0.9%, Deckers Outdoor Corp. (Symbol: DECK) is up about 0.7%, and AECOM (Symbol: ACM) is up 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 SPDR S&P MIDCAP 400 ETF Trust (Symbol: MDY) where we have detected an approximate $179.8 million dollar outflow -- that's a 1.0% decrease week over week (from 41,320,000 to 40,920,000). 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 $447.80.
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c21bc1ab-4937-4a37-b438-222652b93657
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723842.0
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2023-05-05 00:00:00 UTC
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If You Invested $1000 in Deckers a Decade Ago, This is How Much It'd Be Worth Now
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DECK
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https://www.nasdaq.com/articles/if-you-invested-%241000-in-deckers-a-decade-ago-this-is-how-much-itd-be-worth-now
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nan
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How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries.
FOMO, or the fear of missing out, also plays a role in investing, particularly with 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 sell products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk, and Koolaburra.
Its products are sold through specialty domestic retailers, international distributors and directly to end-users through its websites and catalogs. The company sell directly to global consumers through 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 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 expansion of women’s spring and summer footwear, men’s products, and apparel, home goods, and accessories. The HOKA brand is an authentic, premium line of year-round performance footwear and apparel. The Teva brand’s product line includes sandals, shoes, and boots. The Sanuk brand has manifested into a lifestyle brand with a presence in the relaxed casual shoe and sandal categories. The company's KOOLABURRA brand 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
Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in Deckers a decade ago, you're probably feeling pretty good about your investment today.
A $1000 investment made in May 2013 would be worth $8,866.11, or a 786.61% gain, as of May 5, 2023, according to our calculations. Investors should note that this return excludes dividends but includes price increases.
Compare this to the S&P 500's rally of 151.56% and gold's return of 34.03% over the same time frame.
Analysts are anticipating more upside for DECK.
Shares of Deckers have risen and outpaced the industry in the past three months. The company put up another spectacular show in third-quarter fiscal 2023. The quarter marked the fifth straight positive sales and earnings surprise. Both the top and bottom lines grew year over year. Strength in HOKA brand contributed to the results. We believe that management’s focus on ramping up inventory, optimizing channel mix to fulfill consumer demand, scaling production to support the growth of brands and implementing targeted price increases should well position Deckers. Management raised fiscal 2023 sales and earnings view. However, adverse foreign exchange rates, inflationary pressures and geopolitical tensions remain concerns. It expects currency headwinds to hurt revenues to the tune of $100 million in fiscal 2023.
The stock is up 7.25% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 2 higher, for fiscal 2023. The consensus estimate has moved up as well.
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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We believe that management’s focus on ramping up inventory, optimizing channel mix to fulfill consumer demand, scaling production to support the growth of brands and implementing targeted price increases should well position Deckers. 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.) 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?
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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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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? (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?
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e2766bff-6428-469d-a6e5-2b39da64f8cd
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723843.0
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2023-05-04 00:00:00 UTC
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Upbound (UPBD) Q1 Earnings Surpass Estimates, Sales Decline
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DECK
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https://www.nasdaq.com/articles/upbound-upbd-q1-earnings-surpass-estimates-sales-decline
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nan
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nan
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Upbound Group, Inc. UPBD, earlier known as Rent-A-Center, posted first-quarter 2023 results, wherein the top and the bottom lines surpassed the Zacks Consensus Estimate, and the latter improved year over year. The company’s revenues, however, declined year over year.
Shares of this Zacks Rank #3 (Hold) company have increased 26.5% in the past six months compared with the industry’s 1.3% fall.
Q1 in Detail
Upbound posted adjusted earnings of 83 cents a share, surpassing the Zacks Consensus Estimate of earnings of 65 cents per share. Also, the bottom line increased from 74 cents per share earned in the year-ago quarter.
Total revenues of $1,016.1 million came above the Zacks Consensus Estimate of $1,001 million. The metric fell 12.4% year over year, mainly due to lower rental revenues and fees, and merchandise sales. Rentals and fees revenues tumbled 8.6%, mainly due to a lower lease portfolio value for the Acima segment. Merchandise sales plunged 30%, owing to fewer customers opting for early pay-outs.
Upbound Group, Inc. Price, Consensus and EPS Surprise
Upbound Group, Inc. price-consensus-eps-surprise-chart | Upbound Group, Inc. Quote
Adjusted EBITDA came in at $111.5 million, up 12.1% from the year-ago period’s level, mainly owing to higher gross margin and loss rates for the Acima Segment, partly offset by lower revenues and increased loss rates for the Rent-A-Center Business unit. Adjusted EBITDA margin of 11% jumped 240 basis points year over year.
Segmental Performance
Revenues at the Rent-A-Center Business segment dipped 6.5% to $485 million, due to the lower rentals and fee revenues stemming from a smaller lease portfolio value, year over year. Same-store sales declined 6.6%. E-commerce accounted for 25% of the quarterly revenues, compared with 23% in the prior-year period. At the end of the reported quarter, the segment’s lease portfolio value slipped 3.2% year over year. The segment’s adjusted EBITDA came in at 15.2%, decreasing 550 basis points from the prior year.
Revenues at the Acima segment (formerly known as the Preferred Lease segment) declined 19.3% from the prior-year quarter’s level to $483.8 million, mainly due to lower rental and fee revenues. Also, gross merchandise volume declined 12.6% due to fewer lease applications resulting from reduced durable goods demand at merchant partners. The segment’s adjusted EBITDA increased to 14.2% , compared with the year-ago period’s figure of 4,8%.
The Franchising segment’s revenues rose 14% to $29.8 million primarily due to increased inventory purchases per store. As of Mar 31, Rent-A-Center had 440 franchise-operated locations.
The Mexico segment’s revenues totaled $17.4 million, up 1.1% on a constant-currency basis. As of Mar 31, the unit had 126 company-operated locations.
Other Financial Aspects
Upbound ended the reported quarter with cash and cash equivalents of $171.7 million, net senior debt of $890 million and a stockholders' equity of $670.3 million.
UPBD provided cash from operating activities of $105.4 million and free cash flow totaled $95.9 million.
2023 Guidance
Management revised guidance for 2023. For the year, management continues to anticipate consolidated revenues of $3.8-$4 billion, compared with $4.2 billion reported in 2022. Adjusted EBITDA is projected between $395 million and $435 million versus the earlier provided guidance of $380- $415 million. The adjusted EBITDA was at $453.5 million last year.
Upbound envisions adjusted earnings in the range of $2.70 to $3.20 per share, compared to the earlier projection of earnings of $2.50 to $3.00 per share. Adjusted earnings came in at $3.70 in 2022. The company expects free cash flow in the band of $200-$235 million for 2023.
Eye These Consumer Discretionary Picks
Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
Ralph Lauren, a footwear and accessories dealer, sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
RL has a trailing four-quarter earnings surprise of 23.6%, on average. The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales and EPS suggests growth of 5.5% and 14%, respectively, from the year-ago corresponding figures.
Oxford Industries, which designs, sources, markets and distributes lifestyle products and other brands, carries a Zacks Rank #2 (Buy). Oxford Industries has a trailing four-quarter earnings surprise of 18.9%, on average.
The Zacks Consensus Estimate for OXM’s current financial-year sales and EPS suggests growth of 13.7% and 10.4% from the year-ago reported numbers.
Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
The Zacks Consensus Estimate for Deckers’ current financial-year sales and EPS suggests growth of 11% and 17.1%, respectively, from the year-ago corresponding figures.
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
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
Oxford Industries, Inc. (OXM) : Free Stock Analysis Report
Upbound Group, Inc. (UPBD) : 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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Eye These Consumer Discretionary Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report Upbound Group, Inc. (UPBD) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Consumer Discretionary Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report Upbound Group, Inc. (UPBD) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Consumer Discretionary Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present.
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Eye These Consumer Discretionary Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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2d3ffbc3-a1f5-4849-b4f5-cc0a3499a9f0
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723844.0
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2023-05-04 00:00:00 UTC
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World Wrestling (WWE) Q1 Earnings Beat, Revenues Fall Y/Y
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DECK
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https://www.nasdaq.com/articles/world-wrestling-wwe-q1-earnings-beat-revenues-fall-y-y
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nan
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nan
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World Wrestling Entertainment, Inc. WWE posted first-quarter 2023 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Markedly, total revenues and net income declined year over year.
On the earnings release, management highlighted that WrestleMania was the most viewed WWE premium live event of all time. WWE also announced an expansion of its partnership with Fanatics.
On Apr 3, 2023, WWE announced an agreement to combine WWE and UFC to form a new and publicly listed company. Upon close, Endeavor (parent company of UFC) will hold a 51% controlling interest and existing WWE shareholders will hold a 49% interest in the new company. The deal is expected to be completed in the second half of 2023.
World Wrestling Entertainment, Inc. Price, Consensus and EPS Surprise
World Wrestling Entertainment, Inc. price-consensus-eps-surprise-chart | World Wrestling Entertainment, Inc. Quote
Q1 Performance Insight
This Stamford, CT-based company reported first-quarter 2023 adjusted earnings of 50 cents a share, which beat the Zacks Consensus Estimate and our estimate of 42 cents. The quarterly earnings decreased significantly from 77 cents a share reported in the prior-year quarter.
WWE’s revenues of $297.6 million beat the consensus mark of $285 million and our estimate of $285.1 million. However, the metric declined 11% from the year-ago period. This can be attributed to a shift in the timing of the staging of a large-scale international event, which is expected to occur in the second quarter of 2023. This decrease was partially offset by an increase in revenues related to the contractual escalation of media rights fees for the company’s flagship weekly programing.
A Look at Margins
WWE’s operating income of $53.1 million declined 43% year over year due to a fall in production costs related to the timing of the company’s premium live events. We note that the operating income margin contracted to 18% from 28% in the year-ago quarter.
Adjusted OIBDA came in at $984.2 million, down 25% year over year. The adjusted OIBDA margin contracted to 28% from 34%.
Management expects second-quarter 2023 adjusted OIBDA between $125 million and $135 million, which represents an increase of approximately 37-48% from the prior-year quarter. The company also expects second-quarter results to reflect an increase in operating expenses, including certain costs to support the creation of content. For 2023, WWE projects adjusted OIBDA in the range of $395-$410 million for the full year.
Segment Details
Media Division: Revenues in the Media division declined 19% to $225.7 million. The year-over-year decrease was primarily due to a lack of large-scale international event.
Core content rights fees increased to $153.9 million from $139.1 million in the prior-year period. Network revenues came in at $51.4 million, down from $58.7 million reported in the year-ago quarter.
Meanwhile, advertising and sponsorship revenues declined to $15.6 million from $19.8 million in the year-ago period. Other media revenues declined to $4.8 million from $60.5 million in the prior-year period.
Live Events: Revenues from Live Events came in at $32.6 million, up 41% from the year-ago quarter’s figure. The upside can be attributed to a rise in North American ticket sales due to increases in both average attendance and average ticket price.
The company held 50 ticketed live events in the reported quarter consisting of 50 events in North America and no events in international markets. The average attendance at the North American events was roughly 7,850. North American ticket sales increased to $30.2 million from $19.9 million in the year-ago period. The segment’s adjusted OIBDA increased 150% to $7 million in the quarter under review.
Consumer Products Division: The segment’s revenues of $39.3 million increased 22% year over year. We note that consumer product licensing revenues came in at $26.8 million, up from $20 million in the year-ago period.
Meanwhile, e-commerce sales declined to $3.8 million from $7.7 million in the prior-year period. Venue merchandise sales jumped to $8.7 million from $4.5 million in the year-ago quarter.
Other Financial Details
WWE ended the quarter with cash and cash equivalents of $197.6 million, net short-term investments of $267.7 million, long-term debt of $20.7 million and stockholders’ equity of $586.7 million. Cash flow generated from operating activities during the quarter amounted to $12.6 million, while free cash flow was $20.6 million.
The company paid out $8.9 million to shareholders in dividends in the first quarter. WWE did not repurchase any shares during the quarter. As of Mar 31, 2023, the company had approximately $211 million remaining under its share repurchase authorization of $500 million.
Shares of this Zacks Rank #2 (Buy) company have surged 45.8% in the past six months compared with the industry’s growth of 15.5%.
Other Stocks to Consider
Here we have highlighted three other top-ranked stocks, namely, BJ's Wholesale Club BJ, Deckers Outdoor DECK and Crocs CROX.
BJ's Wholesale Club, which is one of the preferred destinations for shoppers, currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for BJ’s Wholesales’ current financial year revenues and EPS suggests growth of 7.3% and 0.8%, respectively, from the corresponding year-ago reported figures. BJ has a trailing four-quarter earnings surprise of 19.6%, on average.
Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. DECK has a Zacks Rank #2 at present.
The Zacks Consensus Estimate for Deckers Outdoor’s current financial year sales and EPS suggests growth of 12.4% and 13.9%, respectively, from the year-ago corresponding figures. DECK has a trailing four-quarter earnings surprise of 31%, on average.
Crocs, one of the leading footwear brands, has a Zacks Rank of 2 at present. CROX has a trailing four-quarter earnings surprise of 19.6%, on average.
The Zacks Consensus Estimate for Crocs' current financial year sales and EPS suggests growth of 13% and 5.6%, respectively, from the year-ago corresponding figures.
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
World Wrestling Entertainment, Inc. (WWE) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
BJ's Wholesale Club Holdings, Inc. (BJ) : 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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Other Stocks to Consider Here we have highlighted three other top-ranked stocks, namely, BJ's Wholesale Club BJ, Deckers Outdoor DECK and Crocs CROX. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. DECK has a Zacks Rank #2 at present.
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Click to get this free report World Wrestling Entertainment, Inc. (WWE) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report Crocs, Inc. (CROX) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Here we have highlighted three other top-ranked stocks, namely, BJ's Wholesale Club BJ, Deckers Outdoor DECK and Crocs CROX. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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Click to get this free report World Wrestling Entertainment, Inc. (WWE) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report Crocs, Inc. (CROX) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Here we have highlighted three other top-ranked stocks, namely, BJ's Wholesale Club BJ, Deckers Outdoor DECK and Crocs CROX. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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Other Stocks to Consider Here we have highlighted three other top-ranked stocks, namely, BJ's Wholesale Club BJ, Deckers Outdoor DECK and Crocs CROX. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. DECK has a Zacks Rank #2 at present.
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a6e26bea-a539-4f50-85a8-9be2123d1f74
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723845.0
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2023-05-04 00:00:00 UTC
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3 Reasons Growth Investors Will Love Deckers (DECK)
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DECK
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https://www.nasdaq.com/articles/3-reasons-growth-investors-will-love-deckers-deck
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nan
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nan
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Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, the task of finding cutting-edge growth stocks is made easy with the help of 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.
Deckers (DECK) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform 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
Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Deckers is 26.1%, investors should actually focus on the projected growth. The company's EPS is expected to grow 17.3% this year, crushing the industry average, which calls for EPS growth of -6.1%.
Cash Flow Growth
While cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for Deckers is 16.1%, which is higher than many of its peers. In fact, the rate compares to the industry average of 7.8%.
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 11.3% over the past 3-5 years versus the industry average of 10.2%.
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 0.5% 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 #2 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.
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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Deckers (DECK) is on the list of such stocks currently recommended by our proprietary system. While the historical EPS growth rate for Deckers is 26.1%, investors should actually focus on the projected growth. Right now, year-over-year cash flow growth for Deckers is 16.1%, which is higher than many of its peers.
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Deckers (DECK) is on the list of such stocks currently recommended by our proprietary system. While the historical EPS growth rate for Deckers is 26.1%, investors should actually focus on the projected growth. Right now, year-over-year cash flow growth for Deckers is 16.1%, which is higher than many of its peers.
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Deckers (DECK) is on the list of such stocks currently recommended by our proprietary system. While the historical EPS growth rate for Deckers is 26.1%, investors should actually focus on the projected growth. Right now, year-over-year cash flow growth for Deckers is 16.1%, which is higher than many of its peers.
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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 #2 because of the positive earnings estimate revisions. Deckers (DECK) is on the list of such stocks currently recommended by our proprietary system. While the historical EPS growth rate for Deckers is 26.1%, investors should actually focus on the projected growth.
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2b9b8a8b-1064-4316-8be8-d0a9d48f7ca9
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723846.0
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2023-05-04 00:00:00 UTC
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Is Deckers Outdoor (DECK) Stock Outpacing Its Consumer Discretionary Peers This Year?
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DECK
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https://www.nasdaq.com/articles/is-deckers-outdoor-deck-stock-outpacing-its-consumer-discretionary-peers-this-year-0
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nan
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nan
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The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Deckers (DECK) 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.
Deckers is a member of our Consumer Discretionary group, which includes 274 different companies and currently sits at #13 in 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Deckers is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DECK's full-year earnings has moved 1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that DECK has returned about 21.5% since the start of the calendar year. At the same time, Consumer Discretionary stocks have gained an average of 9.9%. This means that Deckers is performing better than its sector in terms of year-to-date returns.
MGM Resorts (MGM) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 30.5%.
Over the past three months, MGM Resorts' consensus EPS estimate for the current year has increased 564.4%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Deckers is a member of the Shoes and Retail Apparel industry, which includes 12 individual companies and currently sits at #83 in the Zacks Industry Rank. On average, stocks in this group have gained 9.6% this year, meaning that DECK is performing better in terms of year-to-date returns.
On the other hand, MGM Resorts belongs to the Gaming industry. This 38-stock industry is currently ranked #75. The industry has moved +26.1% year to date.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Deckers and MGM Resorts as they could maintain their solid performance.
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
MGM Resorts International (MGM) : 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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Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Deckers and MGM Resorts as they could maintain their solid performance. Deckers (DECK) 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? Deckers is a member of our Consumer Discretionary group, which includes 274 different companies and currently sits at #13 in the Zacks Sector Rank.
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Deckers is a member of our Consumer Discretionary group, which includes 274 different companies and currently sits at #13 in the Zacks Sector Rank. On average, stocks in this group have gained 9.6% this year, meaning that DECK is performing better in terms of year-to-date returns. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report MGM Resorts International (MGM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report MGM Resorts International (MGM) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers (DECK) 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? Deckers is a member of our Consumer Discretionary group, which includes 274 different companies and currently sits at #13 in the Zacks Sector Rank.
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Deckers is a member of our Consumer Discretionary group, which includes 274 different companies and currently sits at #13 in the Zacks Sector Rank. Deckers (DECK) 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? Deckers is currently sporting a Zacks Rank of #2 (Buy).
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5bbba157-7cd4-41ae-bd1b-92e7800d2348
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723847.0
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2023-05-03 00:00:00 UTC
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Hanesbrands (HBI) Q1 Earnings Meet Estimates, Sales Fall Y/Y
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DECK
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https://www.nasdaq.com/articles/hanesbrands-hbi-q1-earnings-meet-estimates-sales-fall-y-y
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nan
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nan
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Hanesbrands Inc. HBI reported mixed first-quarter 2023 results, with the top line beating the Zacks Consensus Estimate and the bottom line matching the same. Both metrics declined year over year. The company posted an adjusted loss from continuing operations of 6 cents a share, which matched the Zacks Consensus Estimate. The metric declined from 34 cents per share earned in the year-ago quarter.
Q1 in Detail
Net sales from continuing operations declined 11.8% to $1,389.4 million but came above the Zacks Consensus Estimate of $1,375 million. The metric includes a $31 million negative impact from foreign exchange rates. On a constant-currency (cc) basis, net sales fell 10%. The downside was caused by a macro-driven slowdown in consumer spending across the United States and Australia.
Global Champion brand sales tumbled 17%, with a decline of 22% across the United States and a 12% fall internationally. At cc, Global Champion brand sales fell 15%, with a 7% decline internationally.
Hanesbrands Inc. Price, Consensus and EPS Surprise
Hanesbrands Inc. price-consensus-eps-surprise-chart | Hanesbrands Inc. Quote
Adjusted gross profit came in at $454.2 million. The adjusted gross margin was 32.7%, down 440 basis points (bps) due to impacts of commodity and ocean freight inflation coupled with lower sales, adverse product mix and increased labor rates. These were somewhat offset by innerwear pricing actions, lower air freight costs and savings from the Full Potential initiative.
Adjusted operating profit came in at $63.4 million, down from $67.3 million in the first quarter of 2022.
Segmental Details
Innerwear: The segment’s sales fell 4% year over year. The downside was a result of macroeconomic pressures, which dented consumer spending and more than offset the partial quarter gains from last year’s mid-quarter price rise. The segmental operating margin was 13.1%, down 450 bps.
Activewear: Sales decreased 19% from the year-ago quarter’s level, driven by the slowdown in consumer spending, which led to lower point-of-sale and increased inventory levels at retail. By channel, sturdy growth in the collegiate channel was more than offset by decreases in the other channels, particularly in printwear. By brand, Champion sales within the Activewear segment plunged 19% year over year, while sales of other activewear brands slipped 19%. The segmental operating margin of 3.2% contracted nearly 950 bps.
International: Revenues in the International business declined 9% year over year. This included $31 million of unfavorable currency headwinds. At cc, International sales dipped 3%, as increases in Europe, the Americas and Japan were offset by a fall in Australia and China. The segmental operating margin stood at 11.1%, down nearly 645 bps.
Other Financial Details
The Zacks Rank #4 (Sell) company ended the quarter with cash and cash equivalents of $213.2 million, long-term debt of $3,588.9 million and total stockholders’ equity of $339.5 million. It had roughly $730 million of available capacity under its credit facility at the end of the quarter.
For the quarter that ended Apr 1, 2023, the company provided $45 million in net cash from operating activities. Free cash flow was $20 million in the first quarter. Inventory came in at $1,969.1 million, down 1% year over year.
2023 Guidance
For 2023, net sales from continuing operations are still anticipated to be $6.05-$6.20 billion, including an anticipated currency headwind of nearly $40 million. The midpoint of the guidance suggests a 2% year-over-year decline on a reported basis and a nearly 1% fall at cc.
Adjusted operating profit from continuing operations is likely to be in the $500-$550 million range, including a currency headwind expectation of roughly $5 million. In 2023, Hanesbrands expects to incur charges associated with the Full Potential plan of nearly $54 million. Adjusted earnings per share (EPS) from continuing operations is envisioned to be in the 31-42 cents range. Cash flow from operations is forecast to be $500 million while capital investments are estimated to be nearly $150 million.
For second-quarter 2023, net sales from continuing operations are expected to be $1.42-$1.47 billion, including a projected headwind of nearly $20 million from currency rates. At the midpoint, the guidance reflects nearly a 3% year-over-year net sales decline on a cc basis or a 5% decline on a reported basis.
Adjusted operating profit from continuing operations is expected in the range of $70-$90 million, including a projected headwind of nearly $3 million from currency rates. Adjusted loss per share from continuing operations is envisioned in the 5 cents to break even. Hanesbrands expects to incur charges associated with the Full Potential plan of nearly $15 million in the same quarter.
HBI’s shares have increased 30.2% in the past three months compared with the industry’s 19.7% growth.
Eye These Solid Picks
Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
Ralph Lauren, a footwear and accessories dealer, sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
RL has a trailing four-quarter earnings surprise of 23.6%, on average. The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales and EPS suggests growth of 5.5% and 14%, respectively, from the year-ago corresponding figures.
Oxford Industries, which designs, sources, markets and distributes lifestyle products and other brands, carries a Zacks Rank #2 (Buy). Oxford Industries has a trailing four-quarter earnings surprise of 18.9%, on average.
The Zacks Consensus Estimate for OXM’s current financial-year sales and EPS suggests growth of 13.7% and 10.4% from the year-ago reported numbers.
Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
The Zacks Consensus Estimate for Deckers’ current financial-year sales and EPS suggests growth of 11% and 17.1%, respectively, from the year-ago corresponding figures.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
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
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
Hanesbrands Inc. (HBI) : Free Stock Analysis Report
Oxford Industries, Inc. (OXM) : 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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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Hanesbrands Inc. (HBI) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Hanesbrands Inc. (HBI) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present.
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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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43bdd6bd-18c8-4f28-9542-e8b9af4b1ec5
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723848.0
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2023-05-03 00:00:00 UTC
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What's in Store for Prestige Consumer (PBH) in Q4 Earnings?
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DECK
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https://www.nasdaq.com/articles/whats-in-store-for-prestige-consumer-pbh-in-q4-earnings-0
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nan
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nan
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Prestige Consumer Healthcare Inc. PBH is likely to register top- and bottom-line growth from the year-ago quarter’s reported figure when it reports fourth-quarter fiscal 2023 earnings on May 4, before market open. The Zacks Consensus Estimate for revenues is pegged at $278.8 million, indicating a 4.5% rise from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for earnings in the fiscal fourth quarter has been stable at $1.04 per share in the past 30 days. The estimate suggests 14.3% growth from the year-ago quarter’s reported figure.
We expect total revenues to be up 4.6% year over year to $279.1 million and the bottom line to grow 12.7% to $1.03 per share in the fourth quarter of fiscal 2023.
In the last reported quarter, this healthcare and household cleaning products company delivered an earnings surprise of 3%. The company recorded an earnings surprise of 3.3%, on average, in the trailing four quarters.
Prestige Consumer Healthcare Inc. Price, Consensus and EPS Surprise
Prestige Consumer Healthcare Inc. price-consensus-eps-surprise-chart | Prestige Consumer Healthcare Inc. Quote
Key Factors to Note
Prestige Consumer’s performance in the fiscal fourth quarter is likely to have benefited from its efficient brand-building strategies, robust e-commerce business and market share gains. PBH has been experiencing high demand for a while across certain categories, brands and channels. PBH has been making multi-year e-commerce investments for a while now.
On its last earning call, management provided encouraging fourth-quarter guidance. For the aforementioned period, it expects revenues in the range of $278-$280 million, suggesting growth in mid-single digits. Earnings per share (EPS) are likely to be $1.40 in the fourth quarter of 2023. In the year-ago quarter, reported and adjusted EPS were $1.02 and 91 cents, respectively.
Management also raised its guidance for full fiscal 2023 organic revenue growth to 3% compared with 2-3% growth expected earlier. The company also believes that it is well-positioned for continued growth in fiscal 2024.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Prestige Consumer 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. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Prestige Consumer has a Zacks Rank #3 and an Earnings ESP of 0.00% at present.
3 More Stocks With the Favorable Combination
Here are three companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat.
Boyd Gaming Corporation BYD currently has an Earnings ESP of +0.51% and a Zacks Rank #1. BYD is likely to register bottom-line growth when it reports second-quarter 2023 numbers on Jul 25. The Zacks Consensus Estimate for its quarterly revenues is pegged at $890.4 million, which suggests decline of 0.5% from the figure reported in the prior-year quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
However, the Zacks Consensus Estimate for Boyd Gaming's quarterly earnings has moved up 10 cents in the past 30 days to $1.58 per share, suggesting growth of 6.8% from the year-ago quarter’s reported number. BYD has a trailing four-quarter earnings surprise of 13.7%, on average.
BJ's Wholesale Club Holdings, Inc. BJ has an Earnings ESP of +6.76% and a Zacks Rank #2 at present. The company is expected to report first-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for its quarterly revenues is pegged at $4.8 billion, which suggests growth of 6.8% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for BJ Wholesales’ quarterly earnings has remained unchanged in the past 30 days at 84 cents per share, suggesting a decline of 3.5% from the year-ago quarter’s reported number. BJ has a trailing four-quarter earnings surprise of 19.6%, on average.
Deckers Outdoor Corporation DECK has an Earnings ESP of +7.36% and a Zacks Rank #2 at present. The company is expected to report fourth-quarter fiscal 2023 results on May 18. The Zacks Consensus Estimate for its quarterly revenues is pegged at $703.6 million, which suggests a decline of 4.4% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for Deckers’ quarterly earnings has moved up 6 cents in the past 30 days to $2.60 per share, suggesting growth of 3.4% from the year-ago quarter’s reported number. DECK has a trailing four-quarter earnings surprise of 31%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
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
BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report
Boyd Gaming Corporation (BYD) : Free Stock Analysis Report
Prestige Consumer Healthcare Inc. (PBH) : 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 an Earnings ESP of +7.36% and a Zacks Rank #2 at present. The Zacks Consensus Estimate for Deckers’ quarterly earnings has moved up 6 cents in the past 30 days to $2.60 per share, suggesting growth of 3.4% from the year-ago quarter’s reported number. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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The Zacks Consensus Estimate for Deckers’ quarterly earnings has moved up 6 cents in the past 30 days to $2.60 per share, suggesting growth of 3.4% from the year-ago quarter’s reported number. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report Boyd Gaming Corporation (BYD) : Free Stock Analysis Report Prestige Consumer Healthcare Inc. (PBH) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK has an Earnings ESP of +7.36% and a Zacks Rank #2 at present.
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The Zacks Consensus Estimate for Deckers’ quarterly earnings has moved up 6 cents in the past 30 days to $2.60 per share, suggesting growth of 3.4% from the year-ago quarter’s reported number. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report Boyd Gaming Corporation (BYD) : Free Stock Analysis Report Prestige Consumer Healthcare Inc. (PBH) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK has an Earnings ESP of +7.36% and a Zacks Rank #2 at present.
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Deckers Outdoor Corporation DECK has an Earnings ESP of +7.36% and a Zacks Rank #2 at present. The Zacks Consensus Estimate for Deckers’ quarterly earnings has moved up 6 cents in the past 30 days to $2.60 per share, suggesting growth of 3.4% from the year-ago quarter’s reported number. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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061a0cf5-f55b-4b00-9caf-1e423d6127a5
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723849.0
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2023-05-01 00:00:00 UTC
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Deckers Outdoor Corp. Shares Near 52-Week High - Market Mover
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp.-shares-near-52-week-high-market-mover-3
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed today at 1.5% below its 52 week high of $492.44, giving the company a market cap of $12B. The stock is currently up 21.7% year-to-date, up 82.9% over the past 12 months, and up 416.5% over the past five years. This week, the Dow Jones Industrial Average rose 0.5%, and the S&P 500 rose 0.7%.
Trading Activity
Trading volume this week was 14.4% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates a downward 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 27.7%
The company's stock price performance over the past 12 months beats the peer average by 406.9%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 88.7% 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 1.5% below its 52 week high of $492.44, giving the company a market cap of $12B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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Deckers Outdoor Corp. (DECK) shares closed today at 1.5% below its 52 week high of $492.44, giving the company a market cap of $12B. This week, the Dow Jones Industrial Average rose 0.5%, and the S&P 500 rose 0.7%. 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 27.7% The company's stock price performance over the past 12 months beats the peer average by 406.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 88.7% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed today at 1.5% below its 52 week high of $492.44, giving the company a market cap of $12B. 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 27.7% The company's stock price performance over the past 12 months beats the peer average by 406.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 88.7% 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 1.5% below its 52 week high of $492.44, giving the company a market cap of $12B. This week, the Dow Jones Industrial Average rose 0.5%, and the S&P 500 rose 0.7%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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e25741b9-b758-4f2d-a84d-3aad9f9036a3
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723850.0
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2023-05-01 00:00:00 UTC
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Hanesbrands (HBI) Readies for Q1 Earnings: Things to Note
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DECK
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https://www.nasdaq.com/articles/hanesbrands-hbi-readies-for-q1-earnings%3A-things-to-note
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nan
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nan
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Hanesbrands Inc. HBI is likely to register a top-and-bottom-line decline when it reports first-quarter 2023 earnings on May 3. The Zacks Consensus Estimate for revenues is pegged at $1,375 million, suggesting a drop of 12.8% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for the bottom line has remained unchanged in the past 30 days at a loss of 6 cents per share. The projection indicates a deterioration from the year-ago quarter’s earnings of 34 cents.
Hanesbrands has a trailing four-quarter negative earnings surprise of 1.6%, on average. The renowned basic apparel company delivered a negative earnings surprise of 12.5% in the last reported quarter.
We expect first-quarter revenues to decrease 12.9% to $1,372.1 million and the bottom line to drop considerably to a loss of 7 cents.
Hanesbrands Inc. Price, Consensus and EPS Surprise
Hanesbrands Inc. price-consensus-eps-surprise-chart | Hanesbrands Inc. Quote
Factors to Consider
HBI has been battling commodity and freight cost inflation, which has been weighing on consumers’ pockets and leading to sluggish demand. These headwinds hurt the company’s sales in the fourth quarter and are likely to have persisted in the first quarter of 2023 as well. The first-quarter 2023 profit is likely to have been largely hurt by these obstacles, increased currency woes and elevated interest expenses.
On its lastearnings call management stated that it expects gross and operating margin pressure to continue in the first half of 2023 as it sells through the remainder of its higher-cost inventory. The adjusted gross profit margin in the first quarter of 2023 is expected to have contracted around 300 bps, reflecting headwinds from freight and commodity inflation.
For the first quarter of 2023, net sales from continuing operations are expected in the range of $1.35-$1.40 billion, including a projected headwind of nearly $35 million from currency rates. At the midpoint, the guidance implies a nearly 11% decline on a cc basis and a 13% decline on a reported basis.
The adjusted operating profit from continuing operations is expected in the range of $50-$70 million, including a projected headwind of nearly $4 million from currency rates. The adjusted loss per share from continuing operations is envisioned in the 9-4 cent range for the first quarter.
However, Hanesbrands has been progressing with its Full Potential plan. This includes growing the global Champion brand, reigniting innerwear growth, driving consumer-centricity and focusing on the portfolio. A focus on innovation has also been a driver.
What the Zacks Model Unveils
Our proven model predicts an earnings beat for Kellogg this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is the case here.
Kellogg has a Zacks Rank #3 and an Earnings ESP of +0.17%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable Combination
Here are three companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
BJ's Wholesale Club BJ currently has an Earnings ESP of +6.76% and a Zacks Rank of 2. The company is likely to register a top-line increase when it reports first-quarter fiscal 2023 results. The consensus mark for BJ’s quarterly revenues is pegged at $4.8 billion, which suggests a jump of 6.8% from the figure reported in the prior-year quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for BJ's Wholesale’s bottom line has remained unchanged at 84 cents per share in the past 30 days. The consensus estimate indicates a 3.5% drop from the year-ago quarter’s reported figure.
Deckers Outdoor Corporation DECK currently has an Earnings ESP of +6.14% and a Zacks Rank of 2. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results. The Zacks Consensus Estimate for revenues is pegged at $716.5 million, suggesting a dip of 2.7% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for Deckers’ quarterly earnings has increased from $2.57 per share to $2.63 in the past 30 days. The estimate indicates growth of 4.8% from the figure reported in the prior-year quarter. DECK has a trailing four-quarter earnings surprise of nearly 31%, on average.
lululemon athletica (LULU) currently has an Earnings ESP of +2.07% and a Zacks Rank of 3. LULU is expected to register a top-and-bottom-line improvement when it reports first-quarter fiscal 2023 numbers.
The Zacks Consensus Estimate for lululemon’s quarterly revenues is pegged at $1.9 billion, calling for growth of 19.5% from the prior-year quarter’s reported figure. The Zacks Consensus Estimate for the quarterly EPS of $1.93 suggests growth of 30.4% from the figure reported in the year-ago fiscal quarter. LULU has a trailing four-quarter earnings surprise of 6.8%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report
Hanesbrands Inc. (HBI) : 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 currently has an Earnings ESP of +6.14% and a Zacks Rank of 2. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results. The Zacks Consensus Estimate for Deckers’ quarterly earnings has increased from $2.57 per share to $2.63 in the past 30 days.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report Hanesbrands Inc. (HBI) : 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 currently has an Earnings ESP of +6.14% and a Zacks Rank of 2. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report Hanesbrands Inc. (HBI) : 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 currently has an Earnings ESP of +6.14% and a Zacks Rank of 2. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results.
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Deckers Outdoor Corporation DECK currently has an Earnings ESP of +6.14% and a Zacks Rank of 2. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results. The Zacks Consensus Estimate for Deckers’ quarterly earnings has increased from $2.57 per share to $2.63 in the past 30 days.
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683f98e4-c0fe-49f3-a3e1-c53ed5c08ad8
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723851.0
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2023-04-30 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-8
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed today at 1.3% below its 52 week high of $492.44, giving the company a market cap of $12B. The stock is currently up 20.1% year-to-date, up 80.4% over the past 12 months, and up 414.0% over the past five years. This week, the Dow Jones Industrial Average rose 0.9%, and the S&P 500 rose 0.9%.
Trading Activity
Trading volume this week was 8.1% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates a downward 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 10.0%
The company's stock price performance over the past 12 months beats the peer average by 358.1%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 85.8% 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 1.3% below its 52 week high of $492.44, giving the company a market cap of $12B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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Deckers Outdoor Corp. (DECK) shares closed today at 1.3% below its 52 week high of $492.44, giving the company a market cap of $12B. This week, the Dow Jones Industrial Average rose 0.9%, and the S&P 500 rose 0.9%. Trading Activity Trading volume this week was 8.1% higher than the 20-day average.
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Deckers Outdoor Corp. (DECK) shares closed today at 1.3% below its 52 week high of $492.44, giving the company a market cap of $12B. 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 10.0% The company's stock price performance over the past 12 months beats the peer average by 358.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 85.8% 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 1.3% below its 52 week high of $492.44, giving the company a market cap of $12B. This week, the Dow Jones Industrial Average rose 0.9%, and the S&P 500 rose 0.9%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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4016a41a-99b5-466a-883b-a1600ab76ffd
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723852.0
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2023-04-28 00:00:00 UTC
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Skechers' (SKX) Q1 Earnings Beat Estimates, Sales Rise Y/Y
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DECK
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https://www.nasdaq.com/articles/skechers-skx-q1-earnings-beat-estimates-sales-rise-y-y
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nan
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nan
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Skechers U.S.A., Inc. SKX reported sturdy first-quarter 2023 results, with the top and the bottom lines outpacing the Zacks Consensus Estimate and improving year over year. Results gained from strength in brands and demand for comfort technology products, aided by solid marketing and distribution capabilities. Also, continued broad-based strength globally, mainly in the company’s direct-to-consumer unit, as well as renewed growth in China further drove the performance.
Over the past six months, shares of this presently Zacks Rank #3 (Hold) stock have increased 49.4%, compared to the industry’s 33% growth.
Q1 Highlights
Skechers posted first-quarter earnings of $1.02 per share, outpacing the Zacks Consensus Estimate of 61 cents per share. Also, the bottom line increased 32.5% from the year-earlier quarter’s tally.
Skechers U.S.A., Inc. Price, Consensus and EPS Surprise
Skechers U.S.A., Inc. price-consensus-eps-surprise-chart | Skechers U.S.A., Inc. Quote
SKX generated sales of $2,001.9 million, surpassing the Zacks Consensus Estimate of $1,836 million. The top line grew 10% year over year owing to a 21.1% increase in international sales, accounting for 63% of the overall sales for the quarter. We note that the company witnessed a 4.8% drop in domestic sales due to an 18% decline in the domestic wholesale business,stemming from inventory congestion headwinds. On a constant-currency basis, total sales grew 13.3%.
During the reported quarter, the company launched the Skechers Plus loyalty program in Canada, the United Kingdom, Germany and Spain, and anticipates rolling out the program to more countries.
The company is in the process of updating its present e-commerce platform in Chile, which is among the most productive international sites with plans to launch more e-commerce sites internationally.
Starting from the first quarter of 2022, Skechers reported segmental results for wholesale and direct-to-consumer operations, including its joint venture businesses. Both the company’s segments registered growth, with wholesale sales growing 3.5% and direct-to-consumer (DTC) rising 24.5%. The wholesale business represented 65% of the overall sales in the quarter.
Wholesale sales growth includes increases in Europe, Middle East & Africa (EMEA) of 20% and APAC of 24%. Wholesale average selling price per unit increased 5% while unit volume dipped 2%.
DTC sales growth included increases of 25% in domestic DTC sales and 24% in international DTC sales. DTC unit volume rose 27% and the average selling price slipped 2%. Also, growth of 29% in the Americas, 18% in APAC and 30% in EMEA aided the segment’s performance.
Region-wise, sales dipped 0.1% year over year to $945.9 million in the Americas while the metric increased 21.1% to $534.5 million in EMEA and 20.9% year over year to $521.5 million in APAC.
Image Source: Zacks Investment Research
Margins & Costs
Gross profit increased 18.7% year over year to $978.6 million. Also, the gross margin expanded 360 basis points (bps) to 48.9% due to a rise in average selling prices in the Wholesale and a higher mix of DTC sales.
Total operating expenses grew 16.5% year over year to $755 million. The metric, as a percentage of sales, increased 210 bps to 37.7%. Selling expenses jumped 18.8% from the year-ago period’s level to $128.6 million. Also, general and administrative expenses jumped 16% to $626.4 million. Increased costs were due to the labor, warehouse and distribution expenses, along with elevated facility costs, including rent and depreciation.
Other Financial Aspects
As of Mar 31, 2023, cash and cash equivalents totaled $760 million, while short-term investments amounted to $89.5 million.
Skechers ended the quarter with long-term borrowings of $230.3 million and shareholders’ equity of $3,714.9 million, excluding non-controlling interests of $331.4 million. Further, the total inventory decreased 17.4% to $1,502.2 million.
In the first quarter of 2023, management repurchased roughly 676,000 shares of its Class A common stock for $30 million. As of Mar 31, 2023, $395.7 million was available under SKX’s share buyback program.
Store Update
In the reported quarter, management opened 56 company-owned stores while closing 25 stores. Store openings consisted of 18 in China, 13 in the United States, six each in Thailand and Vietnam, and three each in Germany and Israel.
In the second quarter to date, the company has introduced one company-owned store in the United States. It expects to open between 125 and 140 stores worldwide over the rest of the year.
As of Mar 31, 2023, SKX had 4,549 stores, including 548 domestic stores, 927 international locations, and 3,074 distributors, licensees and franchise stores.
Outlook
For 2023, management believes in accomplishing sales between $7.9 billion and $8.1 billion compared to the earlier view of $7.75-$8 billion. It now envisions earnings per share (EPS) between $3.00 and $3.20 versus the prior expectation of $2.80-$3.00. Total capital expenditures are likely to come in the $300-$350 million band for the year.
For the second quarter of 2023, SKX is likely to achieve sales between $1.85 billion and $1.90 billion and earnings per share of between 40 cents and50 cents.
Eye These Solid Picks
Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
Ralph Lauren, a footwear and accessories dealer, sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
RL has a trailing four-quarter earnings surprise of 23.6%, on average. The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales and EPS suggests growth of 5.5% and 14%, respectively, from the year-ago corresponding figures.
Oxford Industries, which designs, sources, markets and distributes lifestyle products and other brands, carries a Zacks Rank #2 (Buy). Oxford Industries has a trailing four-quarter earnings surprise of 18.9%, on average.
The Zacks Consensus Estimate for OXM’s current financial-year sales and EPS suggests growth of 13.7% and 10.4% from the year-ago reported numbers.
Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
The Zacks Consensus Estimate for Deckers’ current financial-year sales and EPS suggests growth of 11% and 17.1%, respectively, from the year-ago corresponding figures.
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
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
Oxford Industries, Inc. (OXM) : 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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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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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 Ralph Lauren Corporation (RL) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present.
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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 Ralph Lauren Corporation (RL) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present.
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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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998060df-c889-4383-a375-6f8e5f50cc7b
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723853.0
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2023-04-28 00:00:00 UTC
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Carter's (CRI) Q1 Earnings and Revenues Beat, Decline Y/Y
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DECK
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https://www.nasdaq.com/articles/carters-cri-q1-earnings-and-revenues-beat-decline-y-y
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nan
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nan
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Carter's, Inc. CRI reported first-quarter 2023 results, wherein both the top and the bottom lines beat the Zacks Consensus Estimate. However, both metrics fell year over year. Results were hurt by inflation-hit demand from retail and wholesale customers.
Q1 in Detail
Carter’s reported first-quarter 2023 adjusted earnings of 98 cents per share, beating the Zacks Consensus Estimate of 52 cents and our estimate of 54 cents. However, the figure fell from $1.66 reported in the prior-year quarter.
The company reported net sales of $696 million, which beat the Zacks Consensus Estimate of $647.7 million and our estimate of $648.7 million. However, the metric declined 10.9% from $781.3 million reported in the year-ago period. The downside can be attributed to inflation, which resulted in lower demand from consumers and wholesale customers. Unfavorable foreign currency translations hurt sales of $2.2 million or 0.3%.
Carter's, Inc. Price, Consensus and EPS Surprise
Carter's, Inc. price-consensus-eps-surprise-chart | Carter's, Inc. Quote
Segmental Sales
Sales in the U.S. Retail segment decreased from $366.4 million year over year to $323.7 million.
The U.S. Wholesale segment’s sales dipped from $307.3 million to $280 million.
The International segment witnessed a drop in revenues from $107.6 million to $92.2 million in the first quarter.
Margins
Gross profit declined from $355 million year over year to $309.5 million, while the gross margin contracted 90 basis points to 44.5%.
Further, adjusted operating income declined 44% year over year to $57.5 million in the reported quarter. The adjusted operating margin declined 480 basis points to 8.3% in the quarter under review, reflecting high inflation and lower demands for its products.
Balance Sheet & Shareholder-Friendly Moves
This Zacks Rank #3 (Hold) player ended the quarter with cash and cash equivalents of $157.7 million, net long-term debt of $576.8 million and shareholders’ equity of $797.9 million. In first-quarter 2023, CRI had a cash flow of $42.2 million for operating activities.
During the first quarter, CRI bought back 0.14 million shares for $9.6 million. In the aforementioned period, the company paid cash dividends of $28.5 million.
As of Apr 27, 2023, the company has roughly $730 million remaining under its earlier announced repurchase authorization.
Outlook
For the second quarter of 2023, net sales are expected to be in the range of $590-$605 million. Adjusted earnings are likely to be in the range of 40 cents to 50 cents, down from $1.30 reported in the prior-year quarter. Adjusted operating income is expected in the $30-$35 million band, down from $75.4 million recorded in the year-ago quarter.
The first-quarter guidance reflects continued inflationary pressure on consumer demand. The company also expects higher interest expense. Nevertheless, it expects improved gross margins reflecting lower inventory-related costs and lower inbound freight costs. The company expects a lower average number of shares outstanding in the second quarter of 2023.
For 2023, Carter’s reaffirmed net sales of $3 billion, down from $3.2 billion in the previous year. Adjusted earnings per share (EPS) are now expected to be $6.15, down from $6.90 reported in 2022. Adjusted operating income is forecast to be $350 million, down from $388.2 million in the year-ago period. The company expects operating cash flow of more than $300 million and capital expenditures of approximately $75 million.
Shares of Carter’s have increased 1.5% in the past six months compared with the industry’s 34.2% growth. We also note that shares of CRI have declined more than 2.4% before the trading session on Apr 28, owing to its year-over-year earnings and sales decline.
Stocks to Consider
Here we have highlighted three better-ranked stocks, namely, BJ's Wholesale Club BJ, Deckers Outdoor DECK and Crocs CROX.
BJ's Wholesale Club, which is one of the preferred destinations for shoppers, currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for BJ’s Wholesales’ current financial year revenues and EPS suggests growth of 7.3% and 0.8%, respectively, from the corresponding year-ago reported figures. BJ has a trailing four-quarter earnings surprise of 19.6%, on average.
Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. DECK has a Zacks Rank #2 at present.
The Zacks Consensus Estimate for Deckers Outdoor’s current financial year sales and EPS suggests growth of 12.4% and 14%, respectively, from the year-ago corresponding figures. DECK has a trailing four-quarter earnings surprise of 31%, on average.
Crocs, one of the leading footwear brands, has a Zacks Rank of 2 at present. CROX has a trailing four-quarter earnings surprise of 21.8%, on average.
The Zacks Consensus Estimate for Crocs' current financial year sales and EPS suggests growth of 13.1% and 2.8%, respectively, from the year-ago corresponding figures.
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
BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report
Crocs, Inc. (CROX) : Free Stock Analysis Report
Carter's, Inc. (CRI) : 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 12.4% and 14%, respectively, from the year-ago corresponding figures. Stocks to Consider Here we have highlighted three better-ranked stocks, namely, BJ's Wholesale Club BJ, Deckers Outdoor DECK and Crocs CROX. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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The Zacks Consensus Estimate for Deckers Outdoor’s current financial year sales and EPS suggests growth of 12.4% and 14%, respectively, from the year-ago corresponding figures. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report Crocs, Inc. (CROX) : Free Stock Analysis Report Carter's, Inc. (CRI) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Here we have highlighted three better-ranked stocks, namely, BJ's Wholesale Club BJ, Deckers Outdoor DECK and Crocs CROX.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report Crocs, Inc. (CROX) : Free Stock Analysis Report Carter's, Inc. (CRI) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Here we have highlighted three better-ranked stocks, namely, BJ's Wholesale Club BJ, Deckers Outdoor DECK and Crocs CROX. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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Stocks to Consider Here we have highlighted three better-ranked stocks, namely, BJ's Wholesale Club BJ, Deckers Outdoor DECK and Crocs CROX. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. DECK has a Zacks Rank #2 at present.
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b64c0089-ccb5-411b-a752-ff4623d7ba1b
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723854.0
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2023-04-28 00:00:00 UTC
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What Makes Deckers (DECK) a Strong Momentum Stock: Buy Now?
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DECK
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https://www.nasdaq.com/articles/what-makes-deckers-deck-a-strong-momentum-stock%3A-buy-now
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nan
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nan
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Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Deckers (DECK), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Deckers currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
In order to see if DECK is a promising momentum pick, let's examine some Momentum Style elements to see if this maker of Ugg footwear holds up.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For DECK, shares are up 4.21% over the past week while the Zacks Shoes and Retail Apparel industry is up 0.56% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 6.11% compares favorably with the industry's 4.66% performance as well.
While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Over the past quarter, shares of Deckers have risen 12.82%, and are up 73.92% in the last year. On the other hand, the S&P 500 has only moved 2.02% and 0.39%, respectively.
Investors should also take note of DECK's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, DECK is averaging 307,627 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with DECK.
Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost DECK's consensus estimate, increasing from $18.47 to $18.53 in the past 60 days. Looking at the next fiscal year, 3 estimates have moved upwards while there have been 1 downward revision in the same time period.
Bottom Line
Given these factors, it shouldn't be surprising that DECK is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Deckers on your 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 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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Below, we take a look at Deckers (DECK), which currently has a Momentum Style Score of B. Deckers currently has a Zacks Rank of #2 (Buy). In order to see if DECK is a promising momentum pick, let's examine some Momentum Style elements to see if this maker of Ugg footwear holds up.
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Below, we take a look at Deckers (DECK), which currently has a Momentum Style Score of B. Deckers currently has a Zacks Rank of #2 (Buy). In order to see if DECK is a promising momentum pick, let's examine some Momentum Style elements to see if this maker of Ugg footwear holds up.
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Below, we take a look at Deckers (DECK), which currently has a Momentum Style Score of B. Deckers currently has a Zacks Rank of #2 (Buy). In order to see if DECK is a promising momentum pick, let's examine some Momentum Style elements to see if this maker of Ugg footwear holds up.
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Below, we take a look at Deckers (DECK), which currently has a Momentum Style Score of B. Right now, DECK is averaging 307,627 shares for the last 20 days. Deckers currently has a Zacks Rank of #2 (Buy).
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36f7f877-71ba-493d-8a2c-edb5a2f3fe3a
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723855.0
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2023-04-28 00:00:00 UTC
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Want Better Returns? Don?t Ignore These 2 Consumer Discretionary Stocks Set to Beat Earnings
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DECK
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https://www.nasdaq.com/articles/want-better-returns-dont-ignore-these-2-consumer-discretionary-stocks-set-to-beat-6
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nan
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nan
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Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important.
The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.
The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. Here at Zacks, our Earnings ESP filter helps make things easier.
The Zacks Earnings ESP, Explained
The Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The basic premise is that if an analyst reevaluates their earnings estimate ahead of an earnings release, it means they likely have new information that could possibly be more accurate.
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.
Most stocks, about 60%, fall into the #3 (Hold) category, and they are expected to perform in-line with the broader market. Stocks with a #2 (Buy) and #1 (Strong Buy) rating, or the top 15% and top 5% of stocks, respectively, should outperform the market, with Strong Buy stocks outperforming more than any other rank.
Should You Consider Deckers?
The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. Deckers (DECK) holds a #2 (Buy) at the moment and its Most Accurate Estimate comes in at $2.80 a share 20 days away from its upcoming earnings release on May 18, 2023.
DECK has an Earnings ESP figure of +6.14%, which, as explained above, is calculated by taking the percentage difference between the $2.80 Most Accurate Estimate and the Zacks Consensus Estimate of $2.63. Deckers is one of a large database of stocks with positive ESPs. 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. Wynn Resorts (WYNN) is another qualifying stock you may want to consider.
Wynn Resorts is a Zacks Rank #2 (Buy) stock, and is getting ready to report earnings on May 9, 2023. WYNN's Most Accurate Estimate sits at $0.02 a share 11 days from its next earnings release.
Wynn Resorts' Earnings ESP figure currently stands at +111.38% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of -$0.18.
Because both stocks hold a positive Earnings ESP, DECK and WYNN 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 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
Wynn Resorts, Limited (WYNN) : 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) holds a #2 (Buy) at the moment and its Most Accurate Estimate comes in at $2.80 a share 20 days away from its upcoming earnings release on May 18, 2023. Should You Consider Deckers? DECK has an Earnings ESP figure of +6.14%, which, as explained above, is calculated by taking the percentage difference between the $2.80 Most Accurate Estimate and the Zacks Consensus Estimate of $2.63.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Wynn Resorts, Limited (WYNN) : Free Stock Analysis Report To read this article on Zacks.com click here. Should You Consider Deckers? Deckers (DECK) holds a #2 (Buy) at the moment and its Most Accurate Estimate comes in at $2.80 a share 20 days away from its upcoming earnings release on May 18, 2023.
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Because both stocks hold a positive Earnings ESP, DECK and WYNN could potentially post earnings beats in their next reports. Should You Consider Deckers? Deckers (DECK) holds a #2 (Buy) at the moment and its Most Accurate Estimate comes in at $2.80 a share 20 days away from its upcoming earnings release on May 18, 2023.
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Deckers (DECK) holds a #2 (Buy) at the moment and its Most Accurate Estimate comes in at $2.80 a share 20 days away from its upcoming earnings release on May 18, 2023. Because both stocks hold a positive Earnings ESP, DECK and WYNN could potentially post earnings beats in their next reports. Should You Consider Deckers?
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b1d297d7-1f90-4e3f-9367-149551743d21
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723856.0
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2023-04-27 00:00:00 UTC
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Thursday Sector Laggards: Semiconductors, Textiles
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DECK
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https://www.nasdaq.com/articles/thursday-sector-laggards%3A-semiconductors-textiles
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nan
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nan
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In trading on Thursday, semiconductors shares were relative laggards, down on the day by about 1.4%. Helping drag down the group were shares of Wolfspeed, down about 17.1% and shares of Maxlinear down about 16.8% on the day.
Also lagging the market Thursday are textiles shares, down on the day by about 0.9% as a group, led down by Crocs Inc (CROX), trading lower by about 19.3% and Deckers Outdoor, trading lower by about 3.3%.
VIDEO: Thursday Sector Laggards: Semiconductors, Textiles
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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Also lagging the market Thursday are textiles shares, down on the day by about 0.9% as a group, led down by Crocs Inc (CROX), trading lower by about 19.3% and Deckers Outdoor, trading lower by about 3.3%. In trading on Thursday, semiconductors shares were relative laggards, down on the day by about 1.4%. VIDEO: Thursday Sector Laggards: Semiconductors, Textiles 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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Also lagging the market Thursday are textiles shares, down on the day by about 0.9% as a group, led down by Crocs Inc (CROX), trading lower by about 19.3% and Deckers Outdoor, trading lower by about 3.3%. In trading on Thursday, semiconductors shares were relative laggards, down on the day by about 1.4%. VIDEO: Thursday Sector Laggards: Semiconductors, Textiles 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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Also lagging the market Thursday are textiles shares, down on the day by about 0.9% as a group, led down by Crocs Inc (CROX), trading lower by about 19.3% and Deckers Outdoor, trading lower by about 3.3%. In trading on Thursday, semiconductors shares were relative laggards, down on the day by about 1.4%. VIDEO: Thursday Sector Laggards: Semiconductors, Textiles 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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Also lagging the market Thursday are textiles shares, down on the day by about 0.9% as a group, led down by Crocs Inc (CROX), trading lower by about 19.3% and Deckers Outdoor, trading lower by about 3.3%. In trading on Thursday, semiconductors shares were relative laggards, down on the day by about 1.4%. Helping drag down the group were shares of Wolfspeed, down about 17.1% and shares of Maxlinear down about 16.8% on the day.
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0279d791-09e7-4560-89fd-a295b62765f5
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723857.0
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2023-04-26 00:00:00 UTC
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IJH, LSCC, DECK, HUBB: ETF Inflow Alert
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DECK
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https://www.nasdaq.com/articles/ijh-lscc-deck-hubb%3A-etf-inflow-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 $134.3 million dollar inflow -- that's a 0.2% increase week over week in outstanding units (from 266,650,000 to 267,200,000). Among the largest underlying components of IJH, in trading today Lattice Semiconductor Corp (Symbol: LSCC) is up about 0.9%, Deckers Outdoor Corp. (Symbol: DECK) is up about 0.8%, and Hubbell Inc. (Symbol: HUBB) is lower by about 0.3%. 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 $243.32. 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 had notable inflows »
Also see:
Warren Buffett Dividend Stock Portfolio
Top Ten Hedge Funds Holding IGVT
CRL DMA
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 Lattice Semiconductor Corp (Symbol: LSCC) is up about 0.9%, Deckers Outdoor Corp. (Symbol: DECK) is up about 0.8%, and Hubbell Inc. (Symbol: HUBB) is lower by about 0.3%. 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 Lattice Semiconductor Corp (Symbol: LSCC) is up about 0.9%, Deckers Outdoor Corp. (Symbol: DECK) is up about 0.8%, and Hubbell Inc. (Symbol: HUBB) is lower by about 0.3%. 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 $243.32. 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 Lattice Semiconductor Corp (Symbol: LSCC) is up about 0.9%, Deckers Outdoor Corp. (Symbol: DECK) is up about 0.8%, and Hubbell Inc. (Symbol: HUBB) is lower by about 0.3%. 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 $134.3 million dollar inflow -- that's a 0.2% increase week over week in outstanding units (from 266,650,000 to 267,200,000). 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 $217.39 per share, with $272.95 as the 52 week high point — that compares with a last trade of $243.32.
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Among the largest underlying components of IJH, in trading today Lattice Semiconductor Corp (Symbol: LSCC) is up about 0.9%, Deckers Outdoor Corp. (Symbol: DECK) is up about 0.8%, and Hubbell Inc. (Symbol: HUBB) is lower by about 0.3%. 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 $134.3 million dollar inflow -- that's a 0.2% increase week over week in outstanding units (from 266,650,000 to 267,200,000). 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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45e52d2d-0376-41c7-a6b5-e20fbc6fc1a9
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723858.0
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2023-04-26 00:00:00 UTC
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What to Expect From Columbia Sportswear's (COLM) Q1 Earnings?
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DECK
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https://www.nasdaq.com/articles/what-to-expect-from-columbia-sportswears-colm-q1-earnings
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nan
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nan
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Columbia Sportswear Company COLM is likely to register top-line growth when it reports first-quarter 2023 earnings on Apr 27. The Zacks Consensus Estimate for revenues is pegged at $814 million, suggesting a jump of 6.8% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for the bottom line has remained unchanged in the past 30 days at 88 cents per share. The projection indicates a decrease of 14.6% from the year-ago quarter’s reported figure.
Columbia Sportswear has a trailing four-quarter earnings surprise of 52.2%, on average. The renowned apparel, footwear, accessories and equipment company’s earnings delivered an earnings surprise of 6.1% in the last reported quarter.
We expect first-quarter revenues to increase 6.8% to $813.6 million and adjusted earnings per share (EPS) to decline 14.8% to 88 cents.
Columbia Sportswear Company Price, Consensus and EPS Surprise
Columbia Sportswear Company price-consensus-eps-surprise-chart | Columbia Sportswear Company Quote
Factors to Consider
Columbia Sportswear has been benefiting from its strategic priorities. To this end, it has been undertaking demand-creation investments aimed at driving brand awareness and aiding sales.
Further, the company remains committed to enhancing consumers’ experience and its digital capacity in all networks and regions. It also explores growth opportunities in the direct-to-consumer (DTC) business. Finally, COLM has been keen on investing in its people and optimizing its organization across its brand portfolio.
Columbia Sportswear has been undertaking brand-enhancing and unique marketing initiatives that further strengthen its presence in the apparel industry. In its fourth-quarter earnings release, management stated that it remains encouraged about its innovative products for the Spring season. The Columbia brand’s recent innovations, like Omni-Heat Infinity and Omni-Heat Helix, have been performing well. These factors bode well for the quarter under review.
However, a rise in SG&A expenses may have been a concern. Also, the company expects the first-quarter 2023 gross margin to be down year over year.
Management’s overall guidance for the first half and full-year 2023 considers the impact of economic conditions like inflation, supply-chain headwinds, limitations and expenses, geopolitical tensions, changing consumer behavior and increased marketplace inventories. We note that supply-chain headwinds caused delayed product deliveries and resulted in increased order cancelations in the fourth quarter.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Columbia Sportswear this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here.
Columbia Sportswear has a Zacks Rank #4 (Sell) and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable Combination
Here are three companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Crocs, Inc. CROX currently has an Earnings ESP of +2.87% and a Zacks Rank of 2. CROX is expected to register a top-and-bottom-line improvement when it reports first-quarter 2023 numbers. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Crocs’ quarterly revenues is pegged at $861.5 million, calling for growth of 30.5% from the prior-year quarter’s reported figure. The Zacks Consensus Estimate for the quarterly EPS of $2.16 suggests growth of 5.4% from the figure reported in the year-ago fiscal quarter. CROX has a trailing four-quarter earnings surprise of 21.8%, on average.
BJ's Wholesale Club BJ currently has an Earnings ESP of +6.76% and a Zacks Rank of 2. The company is likely to register a top-line increase when it reports first-quarter fiscal 2023 results. The consensus mark for BJ’s quarterly revenues is pegged at $4.8 billion, which suggests a jump of 6.8% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for BJ's Wholesale’s bottom line has remained unchanged at 84 cents per share in the past 30 days. The consensus estimate indicates a 3.5% drop from the year-ago quarter’s reported figure.
Deckers Outdoor Corporation DECK currently has an Earnings ESP of +4.10% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results. The Zacks Consensus Estimate for revenues is pegged at $716.5 million, suggesting a dip of 2.7% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for Deckers’ quarterly earnings has increased from $2.57 per share to $2.60 in the past 30 days. The estimate indicates growth of 3.6% from the figure reported in the prior-year quarter. DECK has a trailing four-quarter earnings surprise of nearly 31%, on average.
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 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
Columbia Sportswear Company (COLM) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
BJ's Wholesale Club Holdings, Inc. (BJ) : 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 currently has an Earnings ESP of +4.10% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results. The Zacks Consensus Estimate for Deckers’ quarterly earnings has increased from $2.57 per share to $2.60 in the past 30 days.
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Click to get this free report Columbia Sportswear Company (COLM) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report Crocs, Inc. (CROX) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK currently has an Earnings ESP of +4.10% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results.
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Click to get this free report Columbia Sportswear Company (COLM) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report Crocs, Inc. (CROX) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK currently has an Earnings ESP of +4.10% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results.
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The Zacks Consensus Estimate for Deckers’ quarterly earnings has increased from $2.57 per share to $2.60 in the past 30 days. Deckers Outdoor Corporation DECK currently has an Earnings ESP of +4.10% and a Zacks Rank of 3. DECK is likely to register a top-line decline when it reports fourth-quarter fiscal 2023 results.
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32e86a80-255a-4481-90a9-f54bbdbc469c
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723859.0
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2023-04-25 00:00:00 UTC
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Aaron's (AAN) Q1 Earnings Beat Estimates, Revenues Up Y/Y
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DECK
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https://www.nasdaq.com/articles/aarons-aan-q1-earnings-beat-estimates-revenues-up-y-y
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nan
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nan
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The Aaron's Company, Inc. AAN delivered first-quarter 2023 results, wherein the top and the bottom lines surpassed the Zacks Consensus Estimate. While the top line increased year over year, the bottom line declined.
Aaron's delivered adjusted earnings of 66 cents per share, outpacing the Zacks Consensus Estimate of 28 cents and our estimate of 26 cents. However, the bottom line declined 24.1% year over year from 87 cents per share reported in the prior-year quarter. On a GAAP basis, AAN reported earnings of 41 cents per share versus earnings of 68 cents in the year-ago quarter.
Quarter in Detail
Consolidated revenues grew 21.5% to $554.4 million, driven by gains from the BrandsMart buyout, somewhat offset by weak lease revenues and fees, and drab retail sales at the Aaron's business. The figure came above the Zacks Consensus Estimate of $553 million and our estimate of $541.5 million.
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
Breaking up the components of consolidated revenues, we note that lease revenues and fees dropped 8.7% year over year to $373.8 million and retail sales increased to $150.5 million from $12.6 million. Non-retail sales, which mainly include merchandise sales to franchisees, declined 14% year over year to $23.9 million while franchise royalties and other revenues in the quarter decreased 3.2% to $6.1 million from the year-ago quarter.
In the Aaron’s business, revenues declined 9.6% year over year to $412.1 million due to lower average lease portfolio size and lease renewal rate coupled with fewer exercises of early purchase options and weak retail sales. E-commerce revenues rose 12.3% year over year and represented 17.9% of the lease revenues.
For BrandsMart, revenues were $144.2 million in the first quarter of 2023. Further, e-commerce product sales were 9.2% of total product sales.
Margins
Aaron’s gross profit rose 3.8% to $295.7 million and the gross margin expanded 80 basis points (bps) to 63.3%. The operating profit came in at $12.7 million, down from the prior-year quarter’s earnings of $30.2 million.
Adjusted EBITDA declined 20.7% year over year to $45.9 million, due to lower lease revenues & fees at the Aaron's business, partly offset by reduced personnel costs. An incremental $2.8 million of the metric was delivered by the inclusion of BrandsMart in the company's consolidated results. The EBITDA margin also contracted 210 bps to 13.2%.
Financial Position
Aaron’s ended the quarter with cash and cash equivalents of $44.3 million, debt of $222.1 million and shareholders’ equity of $703.9 million. The company provided cash of $61 million from operating activities.
At the end of the first quarter, the company generated an adjusted free cash flow of $42.5 million. Capital expenditure was $20.2 million in the reported quarter. Capital expenditures are expected in the band of $90-$105 million for 2023. AAN expects adjusted free cash flow in the range of $75-$85 million for 2023.
Further, Aaron’s declared dividends worth $3.9 million in the quarter under review.
Outlook
For full-year 2023, the company anticipates revenues in the band of $2.15-$2.25 billion versus $2.20-$2.30 billion predicted earlier. Adjusted EBITDA (excluding stock-based compensation) is still projected in the range of $140-$160 million. It envisions adjusted earnings per share (EPS) of $1-$1.40 compared with the previous projection of 70 cents to $1.10 for the full year. Earnings per share are expected in the band of 70-95 cents compared with the earlier forecast of 55-80 cents.
For the Aaron’s business, revenues are now 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 anticipated in the range of $645-$675 million. Adjusted EBITDA is forecast in the band of $12.5-$17.5 million.
Shares of this Zacks Rank #5 (Strong Sell) company have lost 26.8% in the past three months compared with the industry’s 3.3% drop.
Eye These Solid Picks
Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
Ralph Lauren, a footwear and accessories dealer, sports a Zacks Rank #1 (Strong Buy) at present. RL has a trailing four-quarter earnings surprise of 23.6%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales and EPS suggests growth of 5.5% and 14%, respectively, from the year-ago corresponding figures.
Oxford Industries, which designs, sources, markets and distributes lifestyle products and other brands, carries a Zacks Rank #2 (Buy). Oxford Industries has a trailing four-quarter earnings surprise of 18.9%, on average.
The Zacks Consensus Estimate for OXM’s current financial-year sales and EPS suggests growth of 13.7% and 10.4%, respectively from the year-ago reported numbers.
Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
The Zacks Consensus Estimate for Deckers’ current financial-year sales and EPS suggests growth of 11% and 17.1%, respectively, from the year-ago corresponding figures.
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 Aaron's Company, Inc. (AAN) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
Oxford Industries, Inc. (OXM) : 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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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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Click to get this free report The Aaron's Company, Inc. (AAN) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present.
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Click to get this free report The Aaron's Company, Inc. (AAN) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present.
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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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f872a1df-f1a4-4546-a8d3-f1ad6101c990
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723860.0
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2023-04-23 00:00:00 UTC
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Deckers Outdoor Corp. Shares Climb 0.3% 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-0.3-past-previous-52-week-high-market-mover-2
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $12B. The stock is currently up 21.9% year-to-date, up 77.6% over the past 12 months, and up 442.0% over the past five years. This week, the Dow Jones Industrial Average fell 0.1%, and the S&P 500 fell 0.1%.
Trading Activity
Trading volume this week was 0.2% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2.
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 1.6%
The company's stock price performance over the past 12 months beats the peer average by 362.7%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 80.8% 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 0.3% higher than its previous 52 week high, giving the company a market cap of $12B. Beta, a measure of the stock’s volatility relative to the overall market stands at 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 1.6% The company's stock price performance over the past 12 months beats the peer average by 362.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 80.8% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $12B. This week, the Dow Jones Industrial Average fell 0.1%, and the S&P 500 fell 0.1%. 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 1.6% The company's stock price performance over the past 12 months beats the peer average by 362.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 80.8% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $12B. 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 1.6% The company's stock price performance over the past 12 months beats the peer average by 362.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 80.8% 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 0.3% higher than its previous 52 week high, giving the company a market cap of $12B. This week, the Dow Jones Industrial Average fell 0.1%, and the S&P 500 fell 0.1%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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9bfd951a-89a0-4666-a98f-9eda03d7d856
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723861.0
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2023-04-21 00:00:00 UTC
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Wolverine (WWW) Rides High on Growth Strategies: Apt to Hold
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DECK
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https://www.nasdaq.com/articles/wolverine-www-rides-high-on-growth-strategies%3A-apt-to-hold-0
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nan
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nan
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Wolverine World Wide, Inc. WWW is performing well on the bourses, thanks to its robust business strategies. The company has been strengthening its direct-to-consumer (DTC) business and its footprint across international markets. WWW also focuses on developing brands that aptly suit consumer needs on the back of advanced technologies and accurate market insights.
Shares of this apparel and footwear dealer have increased 17.6% in the past three months against the industry’s 1.1% dip.
Let’s Delve Deep
The company’s multichannel strategy is progressing well, with the addition of eight stores in the fourth quarter of 2022. Management projects revenues from the China JV to double in 2023. It predicts Saucony’s revenues to increase mid-single digits in 2023 with high-single digits growth in the first quarter. Further, it predicts Sweaty Betty’s revenues to increase in the low single digits in 2023. With respect to Sweaty Betty, it introduced one pop-up in China and intends to open 10 stores in 2023 mainly in the U.K. and Ireland.
Image Source: Zacks Investment Research
The international business remains one of the key revenue drivers. WWW’s international business was robust in the fourth quarter and improved 22.2% to $281.5 million. International revenues increased 31.9% in constant currency. We note that the company’s EMEA business is a major contributor to international growth, with a revenue increase of 21%. The top three brands further boosted the performance, representing more than 50% of international revenues. Wolverine plans to invest in key growth markets and continues to invest in the international regions, with joint ventures for Merrell and Saucony. The company also expands its e-commerce capabilities globally.
Wolverine has been striving to develop an efficient sourcing structure and diversify its global business. It remains committed to new launches across different brand banners and has been strengthening its brands. In the fourth quarter of 2022, the Merrell brand continued its momentum, generating 27% revenue growth and 31% on a constant currency basis and benefiting from global brand strength across categories.
Merrell’s DTC business increased 16% in the quarter, accounting for more than 40% of the brand’s sales in the United States. Wolverine forecasts Merrell's revenues to increase in the mid-single digits in 2023 with a high-teens rise in the first quarter.
Saucony’s revenues also increased 24.8% to $121.3 million in the reported quarter. The updated core franchises aided Saucony’s performance and its e-commerce revenues grew 31%. This brand will continue to drive innovation and Saucony's China JV had an outstanding quarter, as sales tripled in 2022.
For 2024, the Zacks Consensus Estimate for sales and earnings per share (EPS) is pegged at $2.62 billion and $2.22, respectively. These estimates show corresponding year-over-year growth of 2% and 44.8%. Also, the consensus estimate for the current year’s EPS is pegged at $1.53, reflecting a year-over-year increase of 8.5%. This reflects analysts’ optimism. A VGM Score of B for this current Zacks Rank #3 (Hold) stock speaks volumes.
Eye These Solid Picks
Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
Ralph Lauren, a footwear and accessories dealer, sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
RL has a trailing four-quarter earnings surprise of 23.6%, on average. The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales and EPS suggests growth of 5.5% and 14%, respectively, from the year-ago corresponding figures.
Oxford Industries, which designs, sources, markets and distributes lifestyle products and other brands, currently carries a Zacks Rank #2 (Buy). Oxford Industries has a trailing four-quarter earnings surprise of 14.7%, on average.
The Zacks Consensus Estimate for OXM’s current financial-year sales and EPS suggests growth of 5.8% and 7.6% from the year-ago reported numbers.
Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
The Zacks Consensus Estimate for Deckers’ current financial-year sales and EPS suggests growth of 11.1% and 17.2%, respectively, from the year-ago corresponding figures.
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
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW) : Free Stock Analysis Report
Oxford Industries, Inc. (OXM) : 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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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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The Zacks Consensus Estimate for Deckers’ current financial-year sales and EPS suggests growth of 11.1% and 17.2%, respectively, from the year-ago corresponding figures. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Wolverine World Wide, Inc. (WWW) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Wolverine World Wide, Inc. (WWW) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present.
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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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86469ed7-ad21-4a81-8bf2-55b40cc65402
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723862.0
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2023-04-20 00:00:00 UTC
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Deckers Outdoor Corp. Shares Climb 0.3% 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-0.3-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 0.3% higher than its previous 52 week high, giving the company a market cap of $12B. The stock is currently up 20.2% year-to-date, up 65.6% over the past 12 months, and up 438.9% over the past five years. This week, the Dow Jones Industrial Average fell 0.7%, and the S&P 500 fell 0.4%.
Trading Activity
Trading volume this week was 22.4% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2.
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 lags the peer average by -4.6%
The company's stock price performance over the past 12 months beats the peer average by 495.2%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 79.2% 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 0.3% higher than its previous 52 week high, giving the company a market cap of $12B. Beta, a measure of the stock’s volatility relative to the overall market stands at 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 lags the peer average by -4.6% The company's stock price performance over the past 12 months beats the peer average by 495.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 79.2% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $12B. This week, the Dow Jones Industrial Average fell 0.7%, and the S&P 500 fell 0.4%. 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 lags the peer average by -4.6% The company's stock price performance over the past 12 months beats the peer average by 495.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 79.2% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $12B. 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 lags the peer average by -4.6% The company's stock price performance over the past 12 months beats the peer average by 495.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 79.2% 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 0.3% higher than its previous 52 week high, giving the company a market cap of $12B. This week, the Dow Jones Industrial Average fell 0.7%, and the S&P 500 fell 0.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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723d3391-ec3c-40e4-8b3d-7dc00ce4b70b
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723863.0
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2023-04-19 00:00:00 UTC
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Will Deckers (DECK) Beat Estimates Again in Its Next Earnings Report?
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DECK
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https://www.nasdaq.com/articles/will-deckers-deck-beat-estimates-again-in-its-next-earnings-report
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nan
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nan
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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Deckers (DECK). This company, which is in the Zacks Shoes and Retail Apparel industry, shows potential for another earnings beat.
When looking at the last two reports, this maker of Ugg footwear has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 6.67%, on average, in the last two quarters.
For the last reported quarter, Deckers came out with earnings of $10.48 per share versus the Zacks Consensus Estimate of $9.57 per share, representing a surprise of 9.51%. For the previous quarter, the company was expected to post earnings of $3.66 per share and it actually produced earnings of $3.80 per share, delivering a surprise of 3.83%.
Price and EPS Surprise
Thanks in part to this history, there has been a favorable change in earnings estimates for Deckers lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. 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.
Deckers has an Earnings ESP of +4.10% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
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 +24.8% 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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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Deckers (DECK). For the last reported quarter, Deckers came out with earnings of $10.48 per share versus the Zacks Consensus Estimate of $9.57 per share, representing a surprise of 9.51%. Price and EPS Surprise Thanks in part to this history, there has been a favorable change in earnings estimates for Deckers lately.
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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Deckers (DECK). For the last reported quarter, Deckers came out with earnings of $10.48 per share versus the Zacks Consensus Estimate of $9.57 per share, representing a surprise of 9.51%. Price and EPS Surprise Thanks in part to this history, there has been a favorable change in earnings estimates for Deckers lately.
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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Deckers (DECK). For the last reported quarter, Deckers came out with earnings of $10.48 per share versus the Zacks Consensus Estimate of $9.57 per share, representing a surprise of 9.51%. Price and EPS Surprise Thanks in part to this history, there has been a favorable change in earnings estimates for Deckers lately.
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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Deckers (DECK). For the last reported quarter, Deckers came out with earnings of $10.48 per share versus the Zacks Consensus Estimate of $9.57 per share, representing a surprise of 9.51%. Price and EPS Surprise Thanks in part to this history, there has been a favorable change in earnings estimates for Deckers lately.
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42778e01-b9e0-4217-a42e-81f880813f6e
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723864.0
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2023-04-19 00:00:00 UTC
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Central Garden & Pet (CENT) Updates View, Hurt by Garden Unit
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DECK
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https://www.nasdaq.com/articles/central-garden-pet-cent-updates-view-hurt-by-garden-unit
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nan
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nan
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Central Garden & Pet Company CENT revised its earnings per share (EPS) view for fiscal 2023. This guidance includes the impacts of macroeconomic volatility, cost inflation, changing consumer behavior and adverse retailer inventory dynamics. The EPS view also considers expected pricing actions, productivity efforts and capital spending below fiscal 2022 levels.
Management envisions fiscal 2023 EPS to be $2.35 or better. Earlier, the company maintained its EPS projection of $2.60-$2.80 versus $2.80 reported in the year-ago period. We note that fiscal 2023 will have 53 weeks versus 52 weeks in fiscal 2022. The guidance excludes the impacts of any acquisitions or restructuring initiatives that might occur in fiscal 2023.
Second-quarter EPS are anticipated to be roughly 90 cents, affected by weak spring weather with severe storms in the Southeast, heavy rain and snow in the West and an unseasonably cold late March. The company also witnessed softness across its Garden portfolio due to the unfavorable weather leading to a late start to the garden season, weak foot traffic and a decline in retailer inventory levels.
Nonetheless, the Pet segment matched the company’s expectations and increased market share. Management also highlighted that the company is progressing with its multi-year cost and simplicity program to lower complexity, boost margins and elevate brands. This program is focused on several areas like procurement, logistics, manufacturing, portfolio management and administrative. Central Garden & Pet projects EPS growth for the second half of the current fiscal year.
What Else?
In order to gain market share, the company intends to develop differentiated products, improve sales capacity, respond to channel shifts and become more cost-effective. The company is also investing in capacity expansion and automation to meet the demand. Further, the company remains optimistic about gains from its recent acquisitions. Also, Central Garden & Pet is making efforts to lower costs in a bid to improve margins and fuel growth.
Central Garden & Pet has been strengthening its position as one of the leading companies in the U.S. pet supplies and lawn and garden supplies space. Unique packaging, point-of-sale displays, logistic capabilities and high-level customer service are some of its key catalysts. The company is also making meaningful progress on its Central-to-home strategy. Notably, the company has been advancing digital capabilities, optimizing its supply chain, expanding data analytics capability and focusing on marketing activities to better engage with customers. The acquisition of DoMyOwn.com further advances the company’s digital capabilities to deliver strong omnichannel performance.
Image Source: Zacks Investment Research
Shares of this Zacks Rank #3 (Hold) company have risen 6.9% in the year-to-date period against the industry’s 2.3% drop.
Solid Consumer Discretionary Bets
Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
Ralph Lauren, a footwear and accessories dealer, sports a Zacks Rank #1 (Strong Buy) at present. RL has a trailing four-quarter earnings surprise of 23.6%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Ralph Lauren’s current financial year sales and EPS suggests growth of 5.5% and 14%, respectively, from the year-ago corresponding figures.
Oxford Industries designs, sources, markets and distributes lifestyle products. It currently carries a Zacks Rank #2 (Buy). Oxford Industries has a trailing four-quarter earnings surprise of 18.9%, on average.
The Zacks Consensus Estimate for OXM’s current financial year sales and EPS suggests growth of 16.3% and 8.2% from the year-ago reported numbers.
Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
The Zacks Consensus Estimate for Deckers’ current financial year sales and EPS suggests growth of 11.1% and 17.1%, respectively, from the year-ago corresponding figures.
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 +24.8% 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
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
Central Garden & Pet Company (CENT) : Free Stock Analysis Report
Oxford Industries, Inc. (OXM) : 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 Consumer Discretionary Bets Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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The Zacks Consensus Estimate for Deckers’ current financial year sales and EPS suggests growth of 11.1% and 17.1%, respectively, from the year-ago corresponding figures. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Central Garden & Pet Company (CENT) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Solid Consumer Discretionary Bets Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Central Garden & Pet Company (CENT) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Solid Consumer Discretionary Bets Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present.
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Solid Consumer Discretionary Bets Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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202dc2c6-5be1-4cea-bbb8-6775e129b4cf
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723865.0
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2023-04-18 00:00:00 UTC
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Here is Why Growth Investors Should Buy Deckers (DECK) Now
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DECK
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https://www.nasdaq.com/articles/here-is-why-growth-investors-should-buy-deckers-deck-now
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nan
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nan
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Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.
In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.
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.
Deckers (DECK) is one such stock that our proprietary system currently recommends. The 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 returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
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 26.1%, investors should actually focus on the projected growth. The company's EPS is expected to grow 17.1% this year, crushing the industry average, which calls for EPS growth of -6.1%.
Cash Flow Growth
While cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for Deckers is 16.1%, which is higher than many of its peers. In fact, the rate compares to the industry average of 7.8%.
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 11.3% over the past 3-5 years versus the industry average of 10.2%.
Promising Earnings Estimate Revisions
Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for Deckers have been revising upward. The Zacks Consensus Estimate for the current year has surged 0.2% over the past month.
Bottom Line
While the overall earnings estimate revisions have made Deckers a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.
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.
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Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.
Download Cashing In on Cleaner Energy today, absolutely 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) is one such stock that our proprietary system currently recommends. While the historical EPS growth rate for Deckers is 26.1%, investors should actually focus on the projected growth. Right now, year-over-year cash flow growth for Deckers is 16.1%, which is higher than many of its peers.
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Bottom Line While the overall earnings estimate revisions have made Deckers a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above. Deckers (DECK) is one such stock that our proprietary system currently recommends. While the historical EPS growth rate for Deckers is 26.1%, investors should actually focus on the projected growth.
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Deckers (DECK) is one such stock that our proprietary system currently recommends. While the historical EPS growth rate for Deckers is 26.1%, investors should actually focus on the projected growth. Right now, year-over-year cash flow growth for Deckers is 16.1%, which is higher than many of its peers.
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Bottom Line While the overall earnings estimate revisions have made Deckers a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above. Deckers (DECK) is one such stock that our proprietary system currently recommends. While the historical EPS growth rate for Deckers is 26.1%, investors should actually focus on the projected growth.
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5a462a7c-f599-4313-b318-694e62139a58
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723866.0
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2023-04-18 00:00:00 UTC
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Is Deckers Outdoor (DECK) Outperforming Other Consumer Discretionary Stocks This Year?
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DECK
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https://www.nasdaq.com/articles/is-deckers-outdoor-deck-outperforming-other-consumer-discretionary-stocks-this-year-0
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nan
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nan
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For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Deckers (DECK) 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.
Deckers is a member of the Consumer Discretionary sector. This group includes 274 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Deckers is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for DECK's full-year earnings has moved 2.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, DECK has moved about 17.2% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of 10.4% on a year-to-date basis. This means that Deckers is performing better than its sector in terms of year-to-date returns.
Another stock in the Consumer Discretionary sector, Walt Disney (DIS), has outperformed the sector so far this year. The stock's year-to-date return is 15.5%.
The consensus estimate for Walt Disney's current year EPS has increased 0.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Deckers belongs to the Shoes and Retail Apparel industry, a group that includes 12 individual stocks and currently sits at #158 in the Zacks Industry Rank. On average, this group has gained an average of 8.9% so far this year, meaning that DECK is performing better in terms of year-to-date returns.
In contrast, Walt Disney falls under the Media Conglomerates industry. Currently, this industry has 7 stocks and is ranked #52. Since the beginning of the year, the industry has moved +16.5%.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Deckers and Walt Disney as they attempt to continue their solid performance.
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.
Download Cashing In on Cleaner Energy today, absolutely 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
The Walt Disney Company (DIS) : 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) 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? Investors interested in the Consumer Discretionary sector may want to keep a close eye on Deckers and Walt Disney as they attempt to continue their solid performance. Deckers is a member of the Consumer Discretionary sector.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers (DECK) 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? Deckers is a member of the Consumer Discretionary sector.
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Looking more specifically, Deckers belongs to the Shoes and Retail Apparel industry, a group that includes 12 individual stocks and currently sits at #158 in the Zacks Industry Rank. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers (DECK) 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?
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Deckers (DECK) 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? Deckers is a member of the Consumer Discretionary sector. Deckers is currently sporting a Zacks Rank of #2 (Buy).
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da3397b4-520c-464d-8a2e-da47948b7e8c
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723867.0
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2023-04-18 00:00:00 UTC
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Deckers Outdoor Corporation (DECK) Hit a 52 Week High, Can the Run Continue?
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corporation-deck-hit-a-52-week-high-can-the-run-continue-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 12.6% over the past month. The stock hit a new 52-week high of $475.04 in the previous session. Deckers has gained 17.2% since the start of the year compared to the 10.4% move for the Zacks Consumer Discretionary sector and the 8.9% return for the Zacks Shoes and Retail Apparel 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 February 2, 2023, Deckers reported EPS of $10.48 versus consensus estimate of $9.57 while it beat the consensus revenue estimate by 6.98%.
For the current fiscal year, Deckers is expected to post earnings of $21.67 per share on $3.53 billion in revenues. Meanwhile, for the next fiscal year, the company is expected to earn $24.62 per share on $3.92 billion in revenues. This represents a year-over-year change of 17.14% and 11.06%, 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 B, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 21.6X current fiscal year EPS estimates, which is a premium to the peer industry average of 14.5X. On a trailing cash flow basis, the stock currently trades at 25.7X versus its peer group's average of 11.1X. Additionally, the stock has a PEG ratio of 1.19. 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 look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Deckers currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
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 fits the bill. Thus, it seems as though Deckers shares could have potential in the weeks and months to come.
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.
Download Cashing In on Cleaner Energy today, absolutely 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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For the current fiscal year, Deckers is expected to post earnings of $21.67 per share on $3.53 billion in revenues. Have you been paying attention to shares of Deckers (DECK)? Deckers has gained 17.2% since the start of the year compared to the 10.4% move for the Zacks Consumer Discretionary sector and the 8.9% return for the Zacks Shoes and Retail Apparel industry.
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In its last earnings report on February 2, 2023, Deckers reported EPS of $10.48 versus consensus estimate of $9.57 while it beat the consensus revenue estimate by 6.98%. For the current fiscal year, Deckers is expected to post earnings of $21.67 per share on $3.53 billion in revenues. 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 fits the bill. Have you been paying attention to shares of Deckers (DECK)? Deckers has gained 17.2% since the start of the year compared to the 10.4% move for the Zacks Consumer Discretionary sector and the 8.9% return for the Zacks Shoes and Retail Apparel industry.
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Have you been paying attention to shares of Deckers (DECK)? Deckers has gained 17.2% since the start of the year compared to the 10.4% move for the Zacks Consumer Discretionary sector and the 8.9% return for the Zacks Shoes and Retail Apparel industry. In its last earnings report on February 2, 2023, Deckers reported EPS of $10.48 versus consensus estimate of $9.57 while it beat the consensus revenue estimate by 6.98%.
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ec2a4392-3ee6-42ed-a2ca-f9fa97111bce
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723868.0
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2023-04-18 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
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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. This factor can impact your investment portfolio as well as 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 sell products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk, and Koolaburra.
Its products are sold through specialty domestic retailers, international distributors and directly to end-users through its websites and catalogs. The company sell directly to global consumers through 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 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 expansion of women’s spring and summer footwear, men’s products, and apparel, home goods, and accessories. The HOKA brand is an authentic, premium line of year-round performance footwear and apparel. The Teva brand’s product line includes sandals, shoes, and boots. The Sanuk brand has manifested into a lifestyle brand with a presence in the relaxed casual shoe and sandal categories. The company's KOOLABURRA brand 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 April 2013 would be worth $8,038.14, or a 703.81% gain, as of April 18, 2023. Investors should keep in mind that this return excludes dividends but includes price appreciation.
The S&P 500 rose 167.48% and the price of gold increased 38.15% over the same time frame in comparison.
Analysts are forecasting more upside for DECK too.
Shares of Deckers have risen and outpaced the industry in the past three months. The company put up another spectacular show in third-quarter fiscal 2023. The quarter marked the fifth straight positive sales and earnings surprise. Both the top and bottom lines grew year over year. Strength in HOKA brand contributed to the results. We believe that management’s focus on ramping up inventory, optimizing channel mix to fulfill consumer demand, scaling production to support the growth of brands and implementing targeted price increases should well position Deckers. Management raised fiscal 2023 sales and earnings view. However, adverse foreign exchange rates, inflationary pressures and geopolitical tensions remain concerns. It expects currency headwinds to hurt revenues to the tune of $100 million in fiscal 2023.
The stock is up 12.61% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 1 higher, for fiscal 2023. The consensus estimate has moved up as well.
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
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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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We believe that management’s focus on ramping up inventory, optimizing channel mix to fulfill consumer demand, scaling production to support the growth of brands and implementing targeted price increases should well position Deckers. 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.) 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?
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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.) 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?
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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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247a458e-ff43-45a9-aba0-4ae2ae0523c9
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723869.0
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2023-04-17 00:00:00 UTC
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Deckers Outdoor (DECK) Banks on Strategic Endeavors for Growth
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-deck-banks-on-strategic-endeavors-for-growth
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Deckers Outdoor Corporation DECK is targeting profitable and underpenetrated markets, and focusing on product innovations, store expansion and enhancing e-commerce capabilities. The company has made substantial investment to strengthen its online presence and improve shopping experience for its customers by constantly developing e-commerce portals and optimizing omni-channel distribution.
Let’s Delve Deeper
Deckers has been strengthening omni-channel solutions, expanding its customer reach and focusing on diversified product offerings to gain market share in direct-to-consumer (DTC) sales.
The company is moving toward its long-term goal of 50% mix of direct-to-customer business. Also, it is progressing toward building UGG as a recognized global lifestyle brand and HOKA ONE ONE into a multi-billion-dollar player.
HOKA builds its consumer base through combining discipline marketing approach and disruptive product innovation. From a dollar growth prospective, the brand’s DTC volume more than doubled in the third quarter of fiscal 2023 from its year-ago period. The company’s net revenues increased 90.8% in the said period. Management expects revenues from the HOKA brand to increase in the low 50% range for fiscal 2023. This demonstrates the brand’s growth in DTC business.
Coming to UGG, the brand delivered global gains in DTC across genders and categories demonstrating strong consumer demand in the third quarter. Although UGG’s DTC business was impacted by an unfavorable foreign currency exchange rate, it expanded 8% year over year. In the said quarter, the DTC mix increased to 52% from the year-ago quarter’s 50%, achieving the highest mix in any quarter.
Image Source: Zacks Investment Research
Impressive Q3
Deckers reported better-than-expected third-quarter fiscal 2023 results, wherein both the top and bottom line grew year over year. Strength in the HOKA ONE ONE brand contributed to the company’s performance.
In the said quarter, earnings of $10.48 per share surpassed the Zacks Consensus Estimate of $9.57 and increased from the year-ago quarter’s earnings of $8.42 per share. Net sales rose 13.3% year over year to $1345.6 million and outpaced the Zacks Consensus Estimate of $1,258 million. On a constant-currency basis, net sales grew 17.5%.
Management expects net sales for fiscal 2023 in the range of $3.50 billion to $3.53 billion, driven primarily by the HOKA brand. It projects earnings in the band of $18.00-$18.50 per share, which suggests an increase from earnings of $16.26 per share reported in the year-ago period.
Wrapping Up
Supply-chain issues, labor shortages and inflationary pressures are hurting Deckers’ performance for a while now. The company expects to witness significant headwinds from foreign currency exchange rates. Management expects currency headwinds to hurt revenues to the tune of approximately $100 million in fiscal 2023.
Nonetheless, upsides mentioned above will likely offer some respite amid such hurdles.
Shares of this Zacks Rank #3 (Hold) company have increased 11.1% in the past three months compared with the industry’s 0.4% growth.
3 Key Picks
Some top-ranked stocks are Kontoor Brands, Inc. KTB, Ralph Lauren Corporation RL and NIKE, Inc. NKE.
KTB has an expected long-term earnings growth rate of 8% and a trailing four-quarter earnings surprise of 12.4%, on average. Kontoor Brands currently 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 Kontoor Brands’ current financial year sales and earnings suggests growth of 2.5% and 5.8%, respectively, from the year-ago reported numbers.
The Ralph Lauren is a major designer, marketer and distributor of premium lifestyle products. It currently carries a Zacks Rank of 2 (Buy). RL has a trailing four-quarter earnings surprise of 23.6%, on average.
The Zacks Consensus Estimate for Ralph Lauren’s current financial year sales suggests growth of 2.5% from the prior-year reported numbers.
NIKE, engaged in the business of designing, developing and marketing of athletic footwear, currently carries a Zacks Rank of 2. NKE has a trailing four-quarter earnings surprise of 24%, on average.
The Zacks Consensus Estimate for NIKE’s current financial year sales suggests growth of 8.9% from the corresponding year-ago reported figures.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV 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
NIKE, Inc. (NKE) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
Kontoor Brands, Inc. (KTB) : 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 targeting profitable and underpenetrated markets, and focusing on product innovations, store expansion and enhancing e-commerce capabilities. Let’s Delve Deeper Deckers has been strengthening omni-channel solutions, expanding its customer reach and focusing on diversified product offerings to gain market share in direct-to-consumer (DTC) sales. Image Source: Zacks Investment Research Impressive Q3 Deckers reported better-than-expected third-quarter fiscal 2023 results, wherein both the top and bottom line grew year over year.
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Click to get this free report NIKE, Inc. (NKE) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Kontoor Brands, Inc. (KTB) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK is targeting profitable and underpenetrated markets, and focusing on product innovations, store expansion and enhancing e-commerce capabilities. Let’s Delve Deeper Deckers has been strengthening omni-channel solutions, expanding its customer reach and focusing on diversified product offerings to gain market share in direct-to-consumer (DTC) sales.
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Click to get this free report NIKE, Inc. (NKE) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Kontoor Brands, Inc. (KTB) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK is targeting profitable and underpenetrated markets, and focusing on product innovations, store expansion and enhancing e-commerce capabilities. Let’s Delve Deeper Deckers has been strengthening omni-channel solutions, expanding its customer reach and focusing on diversified product offerings to gain market share in direct-to-consumer (DTC) sales.
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Click to get this free report NIKE, Inc. (NKE) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Kontoor Brands, Inc. (KTB) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK is targeting profitable and underpenetrated markets, and focusing on product innovations, store expansion and enhancing e-commerce capabilities. Let’s Delve Deeper Deckers has been strengthening omni-channel solutions, expanding its customer reach and focusing on diversified product offerings to gain market share in direct-to-consumer (DTC) sales.
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0638ebc0-420f-4125-b237-15ecf427baa7
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723870.0
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2023-04-17 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
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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 $12B. The stock is currently up 17.2% year-to-date, up 72.5% over the past 12 months, and up 394.2% over the past five years. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.1%.
Trading Activity
Trading volume this week was 9.7% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2.
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 lags the peer average by -14.1%
The company's stock price performance over the past 12 months beats the peer average by 448.6%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 76.4% 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 $12B. Beta, a measure of the stock’s volatility relative to the overall market stands at 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 lags the peer average by -14.1% The company's stock price performance over the past 12 months beats the peer average by 448.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 76.4% 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 $12B. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.1%. 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 lags the peer average by -14.1% The company's stock price performance over the past 12 months beats the peer average by 448.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 76.4% 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 $12B. 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 lags the peer average by -14.1% The company's stock price performance over the past 12 months beats the peer average by 448.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 76.4% 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 $12B. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.1%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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172dee29-c6f9-4040-9e1d-dca9373b5505
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723871.0
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2023-04-17 00:00:00 UTC
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Why Deckers (DECK) is a Top Growth Stock for the Long-Term
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DECK
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https://www.nasdaq.com/articles/why-deckers-deck-is-a-top-growth-stock-for-the-long-term
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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.
The research service features 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, all of which will help you become a smarter, more confident 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.
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
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
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 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, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
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.
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.
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.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall 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 13.6% for the current fiscal year.
For fiscal 2023, one analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $18.47 per share. DECK boasts an average earnings surprise of 31%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, DECK should be on investors' short list.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV 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
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 13.6% 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 13.6% 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 13.6% for the current fiscal year.
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5ae84282-1d73-41d2-b81d-35aba4201a29
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723872.0
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2023-04-13 00:00:00 UTC
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Guru Fundamental Report for DECK
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DECK
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https://www.nasdaq.com/articles/guru-fundamental-report-for-deck-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 Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.
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.
FUNDAMENTAL MOMENTUM: PASS
TWELVE MINUS ONE MOMENTUM: PASS
FINAL RANK: PASS
Detailed Analysis of DECKERS OUTDOOR CORP
DECK Guru Analysis
DECK Fundamental Analysis
More Information on Dashan Huang
Dashan Huang Portfolio
About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
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). DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Of the 22 guru strategies we follow, DECK rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Of the 22 guru strategies we follow, DECK rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Detailed Analysis of DECKERS OUTDOOR CORP DECK Guru Analysis DECK Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK).
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Detailed Analysis of DECKERS OUTDOOR CORP DECK Guru Analysis DECK Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK). Of the 22 guru strategies we follow, DECK rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Of the 22 guru strategies we follow, DECK rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK). DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry.
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0c9e6f90-7098-400f-b56d-52a2e656e315
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723873.0
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2023-04-12 00:00:00 UTC
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Deckers Outdoor Corp. Shares Climb 0.0% 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-0.0-past-previous-52-week-high-market-mover-0
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nan
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Deckers Outdoor Corp. (DECK) shares closed 0.0% higher than its previous 52 week high, giving the company a market cap of $12B. The stock is currently up 14.7% year-to-date, up 72.5% over the past 12 months, and up 376.7% over the past five years. This week, the Dow Jones Industrial Average rose 0.5%, and the S&P 500 rose 0.1%.
Trading Activity
Trading volume this week was 28.3% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
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 lags the peer average by -10.5%
The company's stock price performance over the past 12 months beats the peer average by 480.8%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 78.2% 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 0.0% higher than its previous 52 week high, giving the company a market cap of $12B. Beta, a measure of the stock’s volatility relative to the overall market stands at 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 lags the peer average by -10.5% The company's stock price performance over the past 12 months beats the peer average by 480.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 78.2% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 0.0% higher than its previous 52 week high, giving the company a market cap of $12B. This week, the Dow Jones Industrial Average rose 0.5%, and the S&P 500 rose 0.1%. 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 lags the peer average by -10.5% The company's stock price performance over the past 12 months beats the peer average by 480.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 78.2% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 0.0% higher than its previous 52 week high, giving the company a market cap of $12B. 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 lags the peer average by -10.5% The company's stock price performance over the past 12 months beats the peer average by 480.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 78.2% 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 0.0% higher than its previous 52 week high, giving the company a market cap of $12B. This week, the Dow Jones Industrial Average rose 0.5%, and the S&P 500 rose 0.1%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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9fa23e0d-6ac2-46a0-abc8-c5e74565d172
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723874.0
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2023-04-12 00:00:00 UTC
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Skechers' (SKX) Omnichannel Capabilities Appear Encouraging
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DECK
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https://www.nasdaq.com/articles/skechers-skx-omnichannel-capabilities-appear-encouraging
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nan
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nan
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Skechers U.S.A., Inc. SKX is focused on boosting its omnichannel capabilities by expanding its direct-to-consumer (DTC) business and enhancing its foothold internationally. The company has been gaining from growth in its domestic and international channels for a while now.
SKX has been designing and developing new products. In a nutshell, SKX is committed to introducing more innovative and comfortable technology products, building multi-platform marketing campaigns and launching more e-commerce sites around the world.
Against a challenging operating backdrop, shares of this current Zacks Rank #3 (Hold) player have gained 39.4% in the past six months, thanks to its aforesaid strengths. The industry has increased 34.6% over the same time frame. A Growth Score of B further speaks volumes.
The Zacks Consensus Estimate for Skechers’ 2023 sales and earnings per share (EPS) is currently pegged at $7.90 billion and $2.93 each, suggesting respective growth of 6.2% and 23.1% from the corresponding year-ago reported figures. For 2024, the Zacks Consensus Estimate for sales and EPS stands at $8.77 billion and $3.63 each, indicating corresponding increases of 10.9% and 23.7% from the prior-year reported numbers.
Management Strategies Aimed at Growth
Skechers has been directing resources to enhance its digital capabilities, including augmenting website features, mobile applications and loyalty programs. Investments made to integrate store and digital ecosystems for developing a seamless omnichannel experience are likely to attain incremental sales.
The company has updated its point-of-sale systems to better engage with customers, both offline and online. Initiatives such as “Buy Online, Pick-Up in Store” and “Buy Online, Pickup at Curbside” are worth mentioning.
Image Source: Zacks Investment Research
In addition, management has been enhancing the distribution facilities and supply-chain production capabilities. Skechers is focused on expanding its DTC business to boost sales and enhance its consumer base.
Management has launched the first Skechers e-commerce site in Japan and is impressed with the initial reaction from customers. It has planned additional e-commerce sites, including Peru and Colombia, and an update to its existing platform in Chile.
Skechers continues to offer a diversified portfolio of brands that includes a wide range of fashion, athletic, non-athletic and work footwear at compelling prices. The company is also focused on comfort-based footwear and apparel products as consumers are embracing a relaxed lifestyle. It is making strategic investments to improve infrastructure worldwide, primarily e-commerce platforms and distribution centers. Management also remains focused on store expansion.
Impressively, the company’s 2023 outlook reflects sales momentum across most of its international markets throughout the year. The gross margin is likely to benefit from lower logistics costs mainly in freight. For 2023, management projects sales between $7.75 billion and $8 billion and earnings per share between $2.80 and $3.00. These figures show increases from sales of $7.44 billion and EPS of $2.38 registered in 2022.
Eye These Solid Picks
Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
Ralph Lauren, a footwear and accessories dealer, sports a Zacks Rank #1 (Strong Buy) at present. RL has a trailing four-quarter earnings surprise of 23.6%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales and EPS suggests growth of 5.5% and 14%, respectively, from the year-ago corresponding figures.
Oxford Industries, which designs, sources, markets and distributes lifestyle products and other brands, carries a Zacks Rank #2 (Buy). Oxford Industries has a trailing four-quarter earnings surprise of 18.9%, on average.
The Zacks Consensus Estimate for OXM’s current financial-year sales and EPS suggests growth of 13.7% and 10.4% from the year-ago reported numbers.
Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
The Zacks Consensus Estimate for Deckers’ current financial-year sales and EPS suggests growth of 11% and 17.1%, respectively, from the year-ago corresponding figures.
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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
Oxford Industries, Inc. (OXM) : 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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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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The Zacks Consensus Estimate for Deckers’ current financial-year sales and EPS suggests growth of 11% and 17.1%, respectively, from the year-ago corresponding figures. Click to get this free 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 Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
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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 Ralph Lauren Corporation (RL) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present.
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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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5091cfe2-762c-448b-b750-5f387e4c8548
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723875.0
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2023-04-10 00:00:00 UTC
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Deckers Outdoor Corp. Shares Near 52-Week High - Market Mover
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp.-shares-near-52-week-high-market-mover-2
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed today at 0.6% below its 52 week high of $459.99, giving the company a market cap of $12B. The stock is currently up 14.8% year-to-date, up 73.7% over the past 12 months, and up 381.9% over the past five years. This week, the Dow Jones Industrial Average rose 0.0%, and the S&P 500 fell 0.3%.
Trading Activity
Trading volume this week was 13.0% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
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 lags the peer average by -7.1%
The company's stock price performance over the past 12 months beats the peer average by 500.7%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 80.4% 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 0.6% below its 52 week high of $459.99, giving the company a market cap of $12B. This week, the Dow Jones Industrial Average rose 0.0%, and the S&P 500 fell 0.3%. 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 lags the peer average by -7.1% The company's stock price performance over the past 12 months beats the peer average by 500.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 80.4% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.6% below its 52 week high of $459.99, giving the company a market cap of $12B. This week, the Dow Jones Industrial Average rose 0.0%, and the S&P 500 fell 0.3%. 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 lags the peer average by -7.1% The company's stock price performance over the past 12 months beats the peer average by 500.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 80.4% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.6% below its 52 week high of $459.99, giving the company a market cap of $12B. 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 lags the peer average by -7.1% The company's stock price performance over the past 12 months beats the peer average by 500.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 80.4% 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 0.6% below its 52 week high of $459.99, giving the company a market cap of $12B. This week, the Dow Jones Industrial Average rose 0.0%, and the S&P 500 fell 0.3%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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725e383c-81df-4247-81e2-a26c9ed120e3
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723876.0
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2023-04-10 00:00:00 UTC
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Wolverine's (WWW) Strategies on Track: Up 24.3% in 3 Months
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DECK
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https://www.nasdaq.com/articles/wolverines-www-strategies-on-track%3A-up-24.3-in-3-months
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nan
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nan
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Wolverine World Wide, Inc. WWW is performing well on the bourses, thanks to its robust business strategies. The company has been strengthening its direct-to-consumer (DTC) business. WWW also focuses on developing brands that suit consumer needs aptly on the back of advanced technologies and accurate market insights. It has been reinforcing its footprint across international markets. Apparently, shares of this apparel and footwear dealer have increased 24.3% in the past three months against the industry’s 5% dip.
For 2024, the Zacks Consensus Estimate for sales and earnings per share (EPS) is pegged at $2.62 billion and $2.22, respectively. These estimates show corresponding year-over-year growth of 2% and 44.8%. This reflects analysts’ optimism. A VGM Score of B for this current Zacks Rank #3 (Hold) stock speaks of its potential.
Let’s Delve Deep
Wolverine has been striving to develop an efficient sourcing structure and diversify its global business. It remains committed to new launches across different brand banners and has been strengthening its brands. In the fourth quarter of 2022, the Merrell brand continued its momentum, generating 27% revenue growth and 31% on a constant currency basis and benefiting from global brand strength across categories.
Image Source: Zacks Investment Research
Merrell’s DTC business increased 16% in the quarter,accounting for more than 40% of the brand’s sales in the United States. Wolverine forecasts Merrell's revenues to increase in the mid-single digits in 2023 with a high-teens rise in the first quarter.
Saucony’s revenues also increased 24.8% to $121.3 million in the reported quarter. The updated core franchises aided Saucony’s performance and its e-commerce revenues grew 31%. This brand will continue to drive innovation and Saucony's China JV had an outstanding quarter, as sales tripled in 2022.
The company’s multichannel strategy is progressing well, with the addition of eight stores during the fourth quarter. Management projects revenues from the China JV to double in 2023. It predicts Saucony’s revenues to increase mid-single digits in 2023 with high-single digits growth in the first quarter. Further, it predicts Sweaty Betty revenues to increase in the low single digits in 2023. With respect to Sweaty Betty, it introduced one pop-up in China and intends to open 10 stores in 2023 mainly in the U.K. and Ireland.
International business remains one of the key revenue drivers. WWW’s international business was robust in the fourth quarter and improved 22.2% to $281.5 million. International revenues increased 31.9% in constant currency. We note that the company’s EMEA business is a major contributor to international growth, with a revenue increase of 21%. The top three brands further boosted the performance, representing more than 50% of international revenues. Wolverine plans to invest in key growth markets and continues to invest in the international regions, with joint ventures for Merrell and Saucony, and expands e-commerce capabilities globally.
Eye These Solid Picks
Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
Ralph Lauren, a footwear and accessories dealer, sports a Zacks Rank #1 (Strong Buy) at present. RL has a trailing four-quarter earnings surprise of 23.6%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales and EPS suggests growth of 5.5% and 14%, respectively, from the year-ago corresponding figures.
Oxford Industries, which designs, sources, markets and distributes lifestyle products and other brands, carries a Zacks Rank #2 (Buy). Oxford Industries has a trailing four-quarter earnings surprise of 14.7%, on average.
The Zacks Consensus Estimate for OXM’s current financial-year sales and EPS suggests growth of 5.8% and 7.6% from the year-ago reported numbers.
Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
The Zacks Consensus Estimate for Deckers’ current financial-year sales and EPS suggests growth of 11.1% and 17.2%, respectively, from the year-ago corresponding figures.
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Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW) : Free Stock Analysis Report
Oxford Industries, Inc. (OXM) : 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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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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The Zacks Consensus Estimate for Deckers’ current financial-year sales and EPS suggests growth of 11.1% and 17.2%, respectively, from the year-ago corresponding figures. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Wolverine World Wide, Inc. (WWW) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Wolverine World Wide, Inc. (WWW) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Wolverine World Wide, Inc. (WWW) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present.
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1c9634ce-2bd3-48e8-a334-db3da53a9e93
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723877.0
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2023-04-09 00:00:00 UTC
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Deckers Outdoor Corp. Shares Near 52-Week High - Market Mover
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp.-shares-near-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 today at 0.4% below its 52 week high of $459.99, giving the company a market cap of $11B. The stock is currently up 11.8% year-to-date, up 69.3% over the past 12 months, and up 383.1% over the past five years. This week, the Dow Jones Industrial Average rose 0.7%, and the S&P 500 fell 0.0%.
Trading Activity
Trading volume this week was 0.5% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
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 lags the peer average by -14.0%
The company's stock price performance over the past 12 months beats the peer average by 597.2%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 78.4% 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 0.4% below its 52 week high of $459.99, giving the company a market cap of $11B. This week, the Dow Jones Industrial Average rose 0.7%, and the S&P 500 fell 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 lags the peer average by -14.0% The company's stock price performance over the past 12 months beats the peer average by 597.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 78.4% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.4% below its 52 week high of $459.99, giving the company a market cap of $11B. This week, the Dow Jones Industrial Average rose 0.7%, and the S&P 500 fell 0.0%. Trading Activity Trading volume this week was 0.5% higher than the 20-day average.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.4% below its 52 week high of $459.99, giving the company a market cap of $11B. 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 lags the peer average by -14.0% The company's stock price performance over the past 12 months beats the peer average by 597.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 78.4% 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 0.4% below its 52 week high of $459.99, giving the company a market cap of $11B. This week, the Dow Jones Industrial Average rose 0.7%, and the S&P 500 fell 0.0%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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1fa85c4d-3f9f-4f13-ab50-5ae788ebeb90
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723878.0
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2023-04-05 00:00:00 UTC
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Central Garden & Pet (CENT) Strategies on Track, Up 8.8% YTD
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DECK
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https://www.nasdaq.com/articles/central-garden-pet-cent-strategies-on-track-up-8.8-ytd
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nan
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nan
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Central Garden & Pet Company CENT seems well-poised for growth thanks to its robust business strategies, including the expansion of digital capabilities and prudent buyouts. CENT continues reinforcing its position in the pet supplies and lawn and garden supplies spaces. Management has been developing new products, advancing digital capabilities, optimizing the supply chain and focusing on marketing activities for a while now.
Markedly, shares of the company have risen 8.8% in the year-to-date period, outperforming the industry’s 1.5% gain. The stock has a Zacks Rank #3 (Hold) and a Momentum Score of B. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In addition, analysts are optimistic about the company. The Zacks Consensus Estimate for fiscal 2024 sales and earnings per share is currently pegged at $3.44 billion and $2.82, respectively. These estimates show corresponding increases of 2% and 6.6% year over year.
Let’s Delve Deep
Central Garden & Pet has been a disciplined buyer in the garden and pet areas. Through buyouts, the company looks to augment manufacturing capabilities, create operating synergies or develop a distribution network and enhance key capabilities in digital and e-commerce.
Image Source: Zacks Investment Research
Some of the notable acquisitions in the recent past include D&D Commodities Ltd. ("D&D"), a leading provider of premium bird food, in June 2021; Green Garden Products, a leading provider of vegetable, herb and flower seed packets, seed starters and plant nutrients, in February 2021; and Hopewell Nursery, a leading live goods grower, in January 2021. In December 2020, the company acquired DoMyOwn, a leading and fast-growing online retailer of professional-grade control products. These buyouts have been supporting the company’s top line.
The acquisition of DoMyOwn.com further advances the company’s digital capabilities to deliver strong omni-channel performance. The company has also partnered with a leading e-commerce platform, Profitero, Inc. During fiscal 2022, the Garden e-commerce business grew 9% and now accounts for mid-single digits of total garden sales. Pet e-commerce business grew 10% and now represents 22% of total Pet sales. In the first quarter of fiscal 2023, e-commerce represented 23% of Pet branded sales, while Garden e-commerce business jumped by double digits.
Unique packaging, point-of-sale displays, logistic capabilities and a high level of customer service are some of Central Garden & Pet’s key catalysts. The company is also making meaningful progress on its Central-to-home strategy.
Impressively, Central Garden & Pet foresees earnings growth in the second half of fiscal 2023. For the remainder year, management envisions a typical garden season. It anticipates inventory dynamics to stabilize and expects pricing actions and cost containment efforts to largely mitigate the impact of inflation. To gain market share, the company seeks to develop differentiated products, improve sales capacity, respond to channel shifts and become more cost-effective. The company is also investing in capacity expansion and automation to meet the demand.
Further, the company remains optimistic about gains from the acquisitions. Also, Central Garden & Pet is making efforts to lower costs to improve margins and fuel growth.
Overall, Central Garden & Pet looks well poised for future growth on the aforementioned tailwinds.
Solid Consumer Discretionary Bets
Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
Ralph Lauren, a footwear and accessories dealer, sports a Zacks Rank #1 at present. RL has a trailing four-quarter earnings surprise of 23.6%, on average.
The Zacks Consensus Estimate for Ralph Lauren’s current financial year sales and EPS suggests growth of 5.5% and 14%, respectively, from the year-ago corresponding figures.
Oxford Industries designs, sources, markets and distributes lifestyle products. It currently carries a Zacks Rank #2 (Buy). Oxford Industries has a trailing four-quarter earnings surprise of 18.9%, on average.
The Zacks Consensus Estimate for OXM’s current financial year sales and EPS suggests growth of 13.7% and 10.4%, respectively, from the year-ago reported numbers.
Deckers, a footwear dealer, has a Zacks Rank #2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
The Zacks Consensus Estimate for Deckers’ current financial year sales and EPS suggests growth of 11% and 17.1%, respectively, from the year-ago corresponding figures.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV 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
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
Central Garden & Pet Company (CENT) : Free Stock Analysis Report
Oxford Industries, Inc. (OXM) : 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 Consumer Discretionary Bets Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank #2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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The Zacks Consensus Estimate for Deckers’ current financial year sales and EPS suggests growth of 11% and 17.1%, respectively, from the year-ago corresponding figures. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Central Garden & Pet Company (CENT) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Solid Consumer Discretionary Bets Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Central Garden & Pet Company (CENT) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Solid Consumer Discretionary Bets Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank #2 at present.
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Solid Consumer Discretionary Bets Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank #2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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68f6cf5c-45af-4115-b263-fa9f092ced28
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723879.0
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2023-04-05 00:00:00 UTC
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Under Armour (UAA) Growth Strategies Aid: Should You Hold?
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DECK
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https://www.nasdaq.com/articles/under-armour-uaa-growth-strategies-aid%3A-should-you-hold
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nan
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nan
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Under Armour, Inc. UAA is performing impressively on bourses, thanks to its robust business strategies. The company’s focus on strengthening its brands through enhanced customer connections, effective innovations, better price points and a loyalty program should help it to hold the ground firmly in the current challenging market.
Markedly, shares of this athletic footwear, apparel and accessories dealer have increased 27.5% over the past six months, outperforming the industry’s 17.4% rise. The stock has a Zacks Rank #3 (Hold) and a VGM Score of B. In addition, analysts look optimistic about the company.
The Zacks Consensus Estimate for fiscal 2024 sales and earnings per share is currently pegged at $6.13 billion and 62 cents, respectively. These estimates show corresponding increases of 4.5% and 15.3% year over year.
Let’s Delve Deeper
Under Armour has been progressing well with its multi-year transformation plan. The company is focused on strengthening its brand through enhanced customer connections, effective innovations and strict go-to-market process. The company strives to boost its operating model as well as return greater profitability and value to shareholders.
The company’s long-term growth strategy is focused on improving sales through product innovation, building long-term relationships with key wholesale partners, investments in own stores and digitization to directly reach customers and selling more inventory at full price.
Image Source: Zacks Investment Research
The company is focusing on digitization by converting real-time data and analytics to drive brand interest and consideration within its largest categories of training and running. Under Armour also initiated a new loyalty program in North America, UA Rewards, on a pilot basis. Restructuring initiatives, cost management, inventory balance and emphasis on productivity should position Under Armour for growth.
Under Armour has been trying to boost its direct-to-consumer business through store-expansion initiatives and enhancement of its e-commerce platform. Management has been investing in boosting the digital capabilities to drive growth in the direct-to-consumer channel. This includes buy online and pick up in store facility and flexible payment capabilities.
Furthermore, UAA continues to seek opportunities for enhancing its global footprint and market share. Though the company generates major portion of its revenues from the North America region, it intends to expand business operations to other parts of the world.
Revenues from the international business increased 14.2% (up 24.4% on a currency-neutral basis) to $547 million during third-quarter fiscal 2023. Within the international business, net revenues from the EMEA jumped 32.5% to $265.3 million. Revenues from the Latin American region grew 44.9% to $63.8 million.
For fiscal 2023, Under Armour continues to foresee low-single-digit growth in fiscal 2023 revenues. On a currency-neutral basis, management expects revenues to be up at a mid-single-digit-percentage rate.
The company raised its adjusted earnings view in the band of 52-56 cents per share, up from the previously guided range of 44-48 cents a share on gains from positive FX developments on the other income and expenses line coupled with a marginally lower tax rate. For the current fiscal year, SG&A expenses are anticipated to be down in the low single digits compared with a slight decline expected earlier.
Wrapping up, Under Armour is well poised for future growth based on the aforementioned strengths.
Solid Consumer Discretionary Bets
Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
Ralph Lauren, a footwear and accessories dealer, sports a Zacks Rank #1 (Strong Buy) at present. RL has a trailing four-quarter earnings surprise of 23.6%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Ralph Lauren’s current financial year sales and EPS suggests growth of 5.5% and 14%, respectively, from the year-ago corresponding figures.
Oxford Industries designs, sources, markets and distributes lifestyle products. It currently carries a Zacks Rank #2 (Buy). Oxford Industries has a trailing four-quarter earnings surprise of 18.9%, on average.
The Zacks Consensus Estimate for OXM’s current financial year sales and EPS suggests growth of 13.7% and 10.4% from the year-ago reported numbers.
Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
The Zacks Consensus Estimate for Deckers’ current financial year sales and EPS suggests growth of 11% and 17.1%, respectively, from the year-ago corresponding figures.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV 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
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
Oxford Industries, Inc. (OXM) : Free Stock Analysis Report
Under Armour, Inc. (UAA) : 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 Consumer Discretionary Bets Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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The Zacks Consensus Estimate for Deckers’ current financial year sales and EPS suggests growth of 11% and 17.1%, respectively, from the year-ago corresponding figures. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report Under Armour, Inc. (UAA) : Free Stock Analysis Report To read this article on Zacks.com click here. Solid Consumer Discretionary Bets Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report Under Armour, Inc. (UAA) : Free Stock Analysis Report To read this article on Zacks.com click here. Solid Consumer Discretionary Bets Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present.
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Solid Consumer Discretionary Bets Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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2a7ee37d-8329-424d-b7cd-b2d52b3e8189
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723880.0
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2023-04-04 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
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nan
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nan
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On April 4, 2023, Piper Sandler maintained coverage of Deckers Outdoor with a Overweight recommendation.
Analyst Price Forecast Suggests 9.29% Upside
As of March 30, 2023, the average one-year price target for Deckers Outdoor is $495.66. The forecasts range from a low of $373.70 to a high of $576.45. The average price target represents an increase of 9.29% from its latest reported closing price of $453.54.
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 are Large Shareholders Doing?
Janus Henderson Group holds 817K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 1,044K shares, representing a decrease of 27.70%. The firm decreased its portfolio allocation in DECK by 4.66% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 817K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 775K shares, representing an increase of 5.15%. The firm increased its portfolio allocation in DECK by 17.49% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 805K shares representing 3.05% ownership of the company. In it's prior filing, the firm reported owning 795K shares, representing an increase of 1.23%. The firm increased its portfolio allocation in DECK by 19.39% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 743K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 742K shares, representing an increase of 0.07%. The firm increased its portfolio allocation in DECK by 14.73% over the last quarter.
Steadfast Capital Management holds 696K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 745K shares, representing a decrease of 7.07%. The firm increased its portfolio allocation in DECK by 51.78% over the last quarter.
What is the Fund Sentiment?
There are 1049 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 67 owner(s) or 6.82% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.40%, an increase of 5.80%. Total shares owned by institutions increased in the last three months by 1.24% to 31,455K shares. The put/call ratio of DECK is 1.03, indicating a bearish outlook.
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.
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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On April 4, 2023, Piper Sandler maintained coverage of Deckers Outdoor with a Overweight recommendation. Analyst Price Forecast Suggests 9.29% Upside As of March 30, 2023, the average one-year price target for Deckers Outdoor is $495.66. The projected annual revenue for Deckers Outdoor is $3,985MM, an increase of 11.57%.
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On April 4, 2023, Piper Sandler maintained coverage of Deckers Outdoor with a Overweight recommendation. Analyst Price Forecast Suggests 9.29% Upside As of March 30, 2023, the average one-year price target for Deckers Outdoor is $495.66. The projected annual revenue for Deckers Outdoor is $3,985MM, an increase of 11.57%.
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On April 4, 2023, Piper Sandler maintained coverage of Deckers Outdoor with a Overweight recommendation. Analyst Price Forecast Suggests 9.29% Upside As of March 30, 2023, the average one-year price target for Deckers Outdoor is $495.66. 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 1049 funds or institutions reporting positions in Deckers Outdoor. On April 4, 2023, Piper Sandler maintained coverage of Deckers Outdoor with a Overweight recommendation.
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99967b41-697a-46d0-a327-b6822a1e0aa7
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723881.0
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2023-04-02 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-6
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed today at 0.9% below its 52 week high of $457.66, giving the company a market cap of $11B. The stock is currently up 12.6% year-to-date, up 62.5% over the past 12 months, and up 419.2% over the past five years. This week, the Dow Jones Industrial Average rose 3.2%, and the S&P 500 rose 3.4%.
Trading Activity
Trading volume this week was 30.4% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
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 lags the peer average by -30.3%
The company's stock price performance over the past 12 months beats the peer average by 593.0%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 74.8% 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 0.9% below its 52 week high of $457.66, giving the company a market cap of $11B. Beta, a measure of the stock’s volatility relative to the overall market stands at 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 lags the peer average by -30.3% The company's stock price performance over the past 12 months beats the peer average by 593.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 74.8% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.9% below its 52 week high of $457.66, giving the company a market cap of $11B. This week, the Dow Jones Industrial Average rose 3.2%, and the S&P 500 rose 3.4%. Trading Activity Trading volume this week was 30.4% higher than the 20-day average.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.9% below its 52 week high of $457.66, giving the company a market cap of $11B. 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 lags the peer average by -30.3% The company's stock price performance over the past 12 months beats the peer average by 593.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 74.8% 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 0.9% below its 52 week high of $457.66, giving the company a market cap of $11B. This week, the Dow Jones Industrial Average rose 3.2%, and the S&P 500 rose 3.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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919c804b-2ac9-4a8c-9d4f-9bebfa446ddb
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723882.0
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2023-03-31 00:00:00 UTC
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Wolverine (WWW) Unveils Sweaty Betty Brand's Growth Plans
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DECK
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https://www.nasdaq.com/articles/wolverine-www-unveils-sweaty-betty-brands-growth-plans
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nan
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nan
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Wolverine World Wide, Inc. WWW focuses on developing brands that aptly suit consumer needs on the back of advanced technologies and accurate market insights. It remains committed to new launches across different brand banners. In recent developments, management has announced efforts to boost the operating performance of its global women’s activewear brand, Sweaty Betty, and drive global growth. It will also make investments in the brand which was acquired in August 2021.
We note that Sweaty Betty will now report to the company’s London-based International Group, responsible for Wolverine’s operations outside the United States. This step will highly align Sweaty Betty with the company’s global centers of excellence and perfectly suits its strategy to prioritize resources and tap growth opportunities.
Owing to this transition, various opportunities are identified to efficiently align Sweaty Betty’s cost structure to the company’s other brands. These comprise consolidating the London office space, procuring savings through WWW’s new Profit Improvement Office along with proposing a UK workforce reduction. All these actions are expected to fuel Sweaty Betty’s long-term potential.
During fourth-quarter 2022, Sweaty Betty generated revenues of $72.8 million, down 7% year over year. On its lastearnings call management had forecast Sweaty Betty revenues to increase in the low single digits for 2023. With respect to Sweaty Betty, the company had introduced one pop-up in China and intends to open 10 stores in 2023 mainly in the U.K. and Ireland.
What’s More?
Wolverine continues to focus on strengthening its direct-to-consumer (DTC) business. Speed-to-market initiatives, deployment of digital product development tools, expansion of e-commerce platforms and frequent introduction of products are steadily contributing to its performance. WWW has been reinforcing its footprint across international markets. During the fourth quarter of 2022, DTC revenues of $224.4 million were flat year over year.
International business remains one of the key revenue drivers. WWW’s international business was robust in the fourth quarter and improved 22.2% to $281.5 million. International revenues increased 31.9% in constant currency. We note that the company’s EMEA business is a major contributor to international growth, with a revenue increase of 21%. The performance was further boosted by the top three brands, which represented more than 50% of the international revenues. Wolverine plans to invest in key growth markets and continues to invest in international regions, with joint ventures for Merrell and Saucony, and expand e-commerce capabilities globally.
Image Source: Zacks Investment Research
Markedly, shares of this Zacks Rank #3 (Hold) have surged 49.3% over the past three months, compared with the industry’s 3.8% gain.
Eye These Solid Picks
Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
Ralph Lauren, a footwear and accessories dealer, sports a Zacks Rank #1 (Strong Buy) at present. RL has a trailing four-quarter earnings surprise of 23.6%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales and EPS suggests growth of 5.5% and 14%, respectively, from the year-ago corresponding figures.
Oxford Industries, which designs, sources, markets and distributes lifestyle products and other brands, carries a Zacks Rank #2 (Buy). Oxford Industries has a trailing four-quarter earnings surprise of 18.9%, on average.
The Zacks Consensus Estimate for OXM’s current financial-year sales and EPS suggests growth of 13.7% and 10.4% from the year-ago reported numbers.
Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
The Zacks Consensus Estimate for Deckers’ current financial-year sales and EPS suggests growth of 11% and 17.1%, respectively, from the year-ago corresponding figures.
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
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW) : Free Stock Analysis Report
Oxford Industries, Inc. (OXM) : 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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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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The Zacks Consensus Estimate for Deckers’ current financial-year sales and EPS suggests growth of 11% and 17.1%, respectively, from the year-ago corresponding figures. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Wolverine World Wide, Inc. (WWW) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Wolverine World Wide, Inc. (WWW) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present.
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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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c7a2880b-5012-4a37-8a89-872c21f183e6
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723883.0
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2023-03-31 00:00:00 UTC
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Are Consumer Discretionary Stocks Lagging Deckers Outdoor (DECK) This Year?
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DECK
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https://www.nasdaq.com/articles/are-consumer-discretionary-stocks-lagging-deckers-outdoor-deck-this-year
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nan
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nan
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The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Deckers (DECK) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Deckers is one of 280 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Deckers is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for DECK's full-year earnings has moved 1.9% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that DECK has returned about 12.2% since the start of the calendar year. At the same time, Consumer Discretionary stocks have gained an average of 9%. This shows that Deckers is outperforming its peers so far this year.
One other Consumer Discretionary stock that has outperformed the sector so far this year is Warner Bros. Discovery (WBD). The stock is up 56.7% year-to-date.
The consensus estimate for Warner Bros. Discovery's current year EPS has increased 49.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Deckers is a member of the Shoes and Retail Apparel industry, which includes 11 individual companies and currently sits at #192 in the Zacks Industry Rank. On average, stocks in this group have gained 3.9% this year, meaning that DECK is performing better in terms of year-to-date returns.
On the other hand, Warner Bros. Discovery belongs to the Broadcast Radio and Television industry. This 23-stock industry is currently ranked #201. The industry has moved +12% year to date.
Investors with an interest in Consumer Discretionary stocks should continue to track Deckers and Warner Bros. Discovery. These stocks will be looking to continue their solid performance.
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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Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Warner Bros. Discovery, Inc. (WBD) : 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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On average, stocks in this group have gained 3.9% this year, meaning that DECK is performing better in terms of year-to-date returns. Has Deckers (DECK) been one of those stocks this year? Deckers is one of 280 individual stocks in the Consumer Discretionary sector.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Warner Bros. Has Deckers (DECK) been one of those stocks this year? Deckers is one of 280 individual stocks in the Consumer Discretionary sector.
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Has Deckers (DECK) been one of those stocks this year? Deckers is one of 280 individual stocks in the Consumer Discretionary sector. Deckers is currently sporting a Zacks Rank of #2 (Buy).
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Has Deckers (DECK) been one of those stocks this year? On average, stocks in this group have gained 3.9% this year, meaning that DECK is performing better in terms of year-to-date returns. Deckers is one of 280 individual stocks in the Consumer Discretionary sector.
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f0b1b0f8-4cf5-45b6-904c-96114783b232
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723884.0
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2023-03-30 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-5
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed today at 1.8% below its 52 week high of $457.66, giving the company a market cap of $11B. The stock is currently up 12.2% year-to-date, up 59.2% over the past 12 months, and up 397.6% over the past five years. This week, the Dow Jones Industrial Average rose 2.4%, and the S&P 500 rose 2.7%.
Trading Activity
Trading volume this week was 21.8% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
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 lags the peer average by -19.4%
The company's stock price performance over the past 12 months beats the peer average by 1980.8%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 77.2% 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 1.8% below its 52 week high of $457.66, giving the company a market cap of $11B. Beta, a measure of the stock’s volatility relative to the overall market stands at 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 lags the peer average by -19.4% The company's stock price performance over the past 12 months beats the peer average by 1980.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 77.2% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed today at 1.8% below its 52 week high of $457.66, giving the company a market cap of $11B. This week, the Dow Jones Industrial Average rose 2.4%, and the S&P 500 rose 2.7%. Trading Activity Trading volume this week was 21.8% higher than the 20-day average.
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Deckers Outdoor Corp. (DECK) shares closed today at 1.8% below its 52 week high of $457.66, giving the company a market cap of $11B. 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 lags the peer average by -19.4% The company's stock price performance over the past 12 months beats the peer average by 1980.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 77.2% 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 1.8% below its 52 week high of $457.66, giving the company a market cap of $11B. This week, the Dow Jones Industrial Average rose 2.4%, and the S&P 500 rose 2.7%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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68bf8761-ccc8-48a5-bc29-1cb0163bac4f
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723885.0
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2023-03-30 00:00:00 UTC
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Easing Banking Fears, Rate Hike Pause Boost Markets: 5 Picks
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DECK
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https://www.nasdaq.com/articles/easing-banking-fears-rate-hike-pause-boost-markets%3A-5-picks
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nan
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nan
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Market sentiment took a beating all through March after a crisis broke out in the banking sector due to the collapse of the Silicon Valley Bank. The lender’s pursuit to raise fresh capital was crushed following run-on deposits.
Investors panicked that this may lead to a broader financial contagion, with more depositors pulling money out of their banks. At the same time, fears of a bank run forced lenders to stop providing loans and issue fewer mortgages, raising the threat of an imminent economic cooldown.
However, the stress in the banking sector somewhat eased this week and helped the major bourses scale upward. The recent closure of the Silicon Valley Bank raised hopes that the risk of contagion has been limited. The First Citizens BancShares agreed to acquire the Silicon Valley Bank’s $72 billion assets, per the Federal Deposit Insurance Corporation (“FDIC”).
To top it, the banking regulators assured depositors of the failed Silicon Valley Bank that they will have access to their deposits, thereby curbing a systematic contagion fear among depositors of other regional banks. The FDIC’s deposit insurance fund aims to cover both insured and uninsured depositors of the Silicon Valley Bank.
Meanwhile, the Federal Reserve has established a new Bank Term Funding Program that aims to protect banks in times of emergencies. The Fed will allow banks to take loans for up to one year by pledging mortgage-backed securities.
FDIC Chair Martin Gruenberg, Treasury Secretary Janet Yellen, and Fed Chair Jerome Powell assured that the federal government has taken all the necessary steps to strengthen the banking system and that policymakers have the means to tackle any bank meltdown.
But it’s not just easing concerns in the banking sector that lifted the broader stock market lately. The Fed’s intention to press the pause button on interest rate hikes also improved sentiment further. The Fed officials may have raised interest rates by 25 basis points in their last meeting, but the CME Group’s FedWatch tool noted that almost 59.5% of market pundits expect no rate hike in May.
Needless to say, a rise in interest rates hamper economic growth by curtailing consumer outlays and increasing borrowing costs. Nonetheless, with banking fears easing and rate-hike pause hopes growing, the stock market is well-poised to move northward. Given such positives, it’s prudent for investors to place their bets on growth stocks.
We have, therefore, highlighted five stocks that carry a Zacks Rank #1 (Strong Buy) or 2 (Buy) and have a Growth Score of A or B, a combination that offers the best opportunities in the growth investing space. You can see the complete list of today’s Zacks Rank #1 stocks here.
Blue Bird BLBD is engaged in the designing, engineering, manufacturing and sale of school buses and related parts. BLBD has a Zacks Rank #2 and a Growth Score of A.
The Zacks Consensus Estimate for its current-year earnings has moved up 31.4% over the past 60 days. The company’s expected earnings growth rate for the current year is 140%.
Comfort Systems USA FIX is a national provider of comprehensive heating, ventilation and air conditioning installation, as well as maintenance, repair and replacement services. FIX has a Zacks Rank #1 and a Growth Score of B.
The Zacks Consensus Estimate for its current-year earnings has moved up 5.5% over the past 60 days. The company’s expected earnings growth rate for the current year is 20%.
Salesforce CRM is the leading provider of on-demand Customer Relationship Management software. CRM has a Zacks Rank #1 and a Growth Score of B.
The Zacks Consensus Estimate for its current-year earnings has moved up 23.2% over the past 60 days. The company’s expected earnings growth rate for the current year is 35.7%.
Deckers Outdoor DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories. DECK has a Zacks Rank #2 and a Growth Score of A.
The Zacks Consensus Estimate for its current-year earnings has moved up 1.8% over the past 60 days. The company’s expected earnings growth rate for the current year is 13.6%.
Magenta Therapeutics MGTA is a clinical-stage biotechnology company. MGTA has a Zacks Rank #2 and a Growth Score of B.
The Zacks Consensus Estimate for its current-year earnings has moved up 1.6% over the past 60 days. The company’s expected earnings growth rate for the current year is 5.4%.
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See Stocks Now
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Salesforce Inc. (CRM) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report
Blue Bird Corporation (BLBD) : Free Stock Analysis Report
Magenta Therapeutics, Inc. (MGTA) : 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 DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories. DECK has a Zacks Rank #2 and a Growth Score of A. Click to get this free report Salesforce Inc. (CRM) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report Blue Bird Corporation (BLBD) : Free Stock Analysis Report Magenta Therapeutics, Inc. (MGTA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Salesforce Inc. (CRM) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report Blue Bird Corporation (BLBD) : Free Stock Analysis Report Magenta Therapeutics, Inc. (MGTA) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories. DECK has a Zacks Rank #2 and a Growth Score of A.
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Click to get this free report Salesforce Inc. (CRM) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report Blue Bird Corporation (BLBD) : Free Stock Analysis Report Magenta Therapeutics, Inc. (MGTA) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories. DECK has a Zacks Rank #2 and a Growth Score of A.
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Deckers Outdoor DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories. DECK has a Zacks Rank #2 and a Growth Score of A. Click to get this free report Salesforce Inc. (CRM) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report Blue Bird Corporation (BLBD) : Free Stock Analysis Report Magenta Therapeutics, Inc. (MGTA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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66ab5b80-aa70-4939-a3ed-0559f5786a44
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723886.0
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2023-03-28 00:00:00 UTC
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Deckers Outdoor Corp. Shares Near 52-Week High - Market Mover
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp.-shares-near-52-week-high-market-mover-0
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed today at 1.3% below its 52 week high of $457.66, giving the company a market cap of $11B. The stock is currently up 13.1% year-to-date, up 63.9% over the past 12 months, and up 400.5% over the past five years. This week, the Dow Jones Industrial Average fell 0.6%, and the S&P 500 fell 0.8%.
Trading Activity
Trading volume this week was 21.4% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2.
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 1.4%
The company's stock price performance over the past 12 months beats the peer average by 3377.6%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 82.2% 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 1.3% below its 52 week high of $457.66, giving the company a market cap of $11B. Beta, a measure of the stock’s volatility relative to the overall market stands at 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 1.4% The company's stock price performance over the past 12 months beats the peer average by 3377.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 82.2% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed today at 1.3% below its 52 week high of $457.66, giving the company a market cap of $11B. This week, the Dow Jones Industrial Average fell 0.6%, and the S&P 500 fell 0.8%. Trading Activity Trading volume this week was 21.4% higher than the 20-day average.
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Deckers Outdoor Corp. (DECK) shares closed today at 1.3% below its 52 week high of $457.66, giving the company a market cap of $11B. 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 1.4% The company's stock price performance over the past 12 months beats the peer average by 3377.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 82.2% 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 1.3% below its 52 week high of $457.66, giving the company a market cap of $11B. This week, the Dow Jones Industrial Average fell 0.6%, and the S&P 500 fell 0.8%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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a7fef9ca-15be-4e0e-a0db-dca9e0d3a8f1
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723887.0
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2023-03-28 00:00:00 UTC
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PVH Corp (PVH) Q4 Earnings & Revenues Beat on Brand Strength
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DECK
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https://www.nasdaq.com/articles/pvh-corp-pvh-q4-earnings-revenues-beat-on-brand-strength
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nan
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nan
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Shares of PVH Corporation PVH jumped more than 10% after market close on Mar 27, following the fourth-quarter fiscal 2022 results, wherein the bottom and top lines surpassed the Zacks Consensus Estimate. Despite macroeconomic challenges, results gained from the continued momentum in its core brands — Calvin Klein and Tommy Hilfiger — along with pricing actions and strong consumer engagement.
Management has been on track with its PVH+ Plan, which is likely to result in substantial cost efficiencies and better productivity. Per PVH, the business momentum continues to remain positive in 2023.
In the past three months, this Zacks Rank #2 (Buy) stock has gained 3.9% against the industry's decline of 1.9%.
Image Source: Zacks Investment Research
Q4 Highlights
PVH Corp reported adjusted earnings of $2.38 per share, down 16.2% from the year-ago quarter's $2.84. However, the bottom line beat the Zacks Consensus Estimate of $1.64 and our estimate of $1.63. On a GAAP basis, the company reported earnings of $2.18 per share compared with $5.53 in the prior-year quarter.
In the fiscal fourth quarter, revenues rose 2% year over year (up 8% on a constant currency or cc basis) to $2,489 million. This is mainly due to the impacts of the Ukraine war, such as Russia store closures, the cessation of wholesale shipments to Russia and Belarus, and a reduction in wholesale shipments to Ukraine. Also, the top line surpassed the Zacks Consensus Estimate of $2,336 million and our estimate of $2,324 million.
On the flip side, the company witnessed growth across Europe and North America, particularly in the direct-to-consumer business, along with continued strength in its Tommy Hilfiger and Calvin Klein brand businesses. However, the company continues to witness negative impacts from the COVID-19 pandemic in China.
Direct-to-consumer revenues grew 4% year over year in the quarter, whereas Wholesale revenues remained flat year over year. Revenues in the digital channel declined roughly 8% in the quarter under review.
The company's gross profit amounted to $1,390.5 million, down 1.8% year over year. The gross margin contracted 240 bps to 55.9% due to higher costs and increased promotions, which more than offset gains from price increases and a favorable shift in regional and channel mix.
Adjusted selling, general and administrative expenses decreased 2% year over year to $1,186.6 million. Adjusted earnings before interest and taxes totaled $215 million compared with $174.6 million in the prior-year quarter. This mainly resulted from reduced expenses and revenue growth on a cc basis, which somewhat offset dismal gross margins. The metric also included $21 million of adverse foreign currency impacts.
Segmental Analysis
PVH Corp reports financial results under three segments — Calvin Klein, Tommy Hilfiger and Heritage Brands.
Revenues from the Calvin Klein segment moved up 3% year over year. Sales from Calvin Klein North America advanced 8%, while the same for Calvin Klein International rose 1%.
Revenues from the Tommy Hilfiger segment declined 1% year over year in the reported quarter. Revenues were up 9% at Tommy Hilfiger North America, while the metric declined 4% at Tommy Hilfiger International.
The Heritage Brands segment's revenues plunged 26% year over year in the quarter under review.
Financial Details
PVH Corp ended the quarter with cash and cash equivalents of $550.7 million, long-term debt of $2,177 million, and stockholders' equity of $5,012.7 million. The company also bought back $400 million of shares under its existing $3-billion share repurchase program in the quarter under review.
PVH Corp. Price, Consensus and EPS Surprise
PVH Corp. price-consensus-eps-surprise-chart | PVH Corp. Quote
Outlook
Management issued its first quarter and fiscal 2023 view. For fiscal 2023, revenues are anticipated to grow 3-4% (up 2-3% on a cc basis). This is inclusive of less than 1% benefit from an additional week in 2023.
The bottom line is expected to be $10 for the year, whereas it reported $3.03 on a GAAP basis and $8.97 on an adjusted basis last year. The view includes a positive impact of 15 cents from favorable currency. Also, the operating margin is estimated to be 10%. Interest expenses are likely to be $100 million, suggesting a decline from the prior year’s reported figure of $83 million, due to higher interest rates. Also, the effective tax rate is expected to be 24%.
For first-quarter fiscal 2023, management expects revenues to remain flat year over year (up 3% on a cc basis). The bottom line is likely to be $1.90, whereas it reported $1.94 in the year-ago quarter. This includes unfavorable currency impacts of 10 cents. Interest expenses for the fiscal first quarter are likely to be $23 million, whereas it posted $22 million in the year-ago period. The effective tax rate is expected to be 24%.
Other Stocks to Consider
Some other top-ranked companies are Ralph Lauren RL, Deckers Outdoor DECK and H&R Block HRB.
Ralph Lauren, a footwear and accessories dealer, has 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 Ralph Lauren’s next-financial-year sales and EPS suggests growth of 5% and 12.8%, respectively, from the year-ago reported figures. RL has a trailing four-quarter earnings surprise of 23.6%, on average.
Deckers Outdoor currently carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 31%, on average.
The Zacks Consensus Estimate for Deckers Outdoor’s current financial-year sales and earnings suggests growth of 12% and 13.5% from the year-ago period’s reported numbers, respectively.
H&R Block provides assisted income tax return preparation and do-it-yourself tax return preparation services. HRB currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for H&R Block’s current financial year’s EPS suggests growth of 9.4% from the year-ago reported figure. H&R Block has a trailing four-quarter earnings surprise of 10.7%, on average.
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
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
H&R Block, Inc. (HRB) : Free Stock Analysis Report
PVH Corp. (PVH) : 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 earnings suggests growth of 12% and 13.5% from the year-ago period’s reported numbers, respectively. Other Stocks to Consider Some other top-ranked companies are Ralph Lauren RL, Deckers Outdoor DECK and H&R Block HRB. Deckers Outdoor currently carries a Zacks Rank #2.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report H&R Block, Inc. (HRB) : Free Stock Analysis Report PVH Corp. (PVH) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other top-ranked companies are Ralph Lauren RL, Deckers Outdoor DECK and H&R Block HRB. Deckers Outdoor currently carries a Zacks Rank #2.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report H&R Block, Inc. (HRB) : Free Stock Analysis Report PVH Corp. (PVH) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other top-ranked companies are Ralph Lauren RL, Deckers Outdoor DECK and H&R Block HRB. Deckers Outdoor currently carries a Zacks Rank #2.
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Other Stocks to Consider Some other top-ranked companies are Ralph Lauren RL, Deckers Outdoor DECK and H&R Block HRB. Deckers Outdoor currently carries a Zacks Rank #2. The Zacks Consensus Estimate for Deckers Outdoor’s current financial-year sales and earnings suggests growth of 12% and 13.5% from the year-ago period’s reported numbers, respectively.
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9af9e1da-c5e9-496e-96f3-f7ffd209fe96
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723888.0
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2023-03-28 00:00:00 UTC
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Steven Madden's (SHOO) Efforts on Track, Up 10.6% in 3 Months
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DECK
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https://www.nasdaq.com/articles/steven-maddens-shoo-efforts-on-track-up-10.6-in-3-months
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nan
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nan
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Steven Madden, Ltd. SHOO is well-poised for growth, thanks to its sturdy digital efforts and other robust strategies, including international business expansion and brand strength. SHOO is witnessing strength in the e-commerce business against a tough operating backdrop. Solid gains from product assortments and direct-to-consumer channels also remain tailwinds.
Markedly, shares of this renowned footwear dealer have risen 10.6% in the past three months, outperforming the industry’s 3.6% gain. For 2024, the Zacks Consensus Estimate for Steven Madden’s sales and earnings per share is currently pegged at $2.05 billion and $2.68 each. These estimates suggest growth of 3.8% and 8.4%, respectively, from the year-ago period’s corresponding figures. This reflects analysts’ optimism about the company.
Let’s Delve Deep
Steven Madden remains committed to boosting its e-commerce wing via prudent investments in digital marketing as well as efforts to optimize the features and functionality of the website. Gains from increased investment in digital marketing and robust consumer capabilities such as “try before you buy” have been strengths. The company has also been significantly accelerating its digital commerce initiatives with respect to distribution. It has added high-level talent to the organization, ramped up digital marketing spending, improved data science capabilities, launched a try-before-you-buy payment facility, rolled out buy online, pick-up in store across its entire U.S. full-price retail outlets and introduced advanced delivery and return options.
Image Source: Zacks Investment Research
Although direct-to-consumer revenues were down 3.2% in the fourth quarter of 2022, the metric was offset by a modest rise in e-commerce. Further, direct-to-consumer revenues rose 6.9% to $521.7 million in 2022, backed by increases in the brick-and-mortar and e-commerce businesses. Notably, direct-to-consumer revenues exceeded $500 million for the first time. Compared with the pre-pandemic 2019, direct-to-consumer revenues climbed 62%, including a 192% surge in digital. The overall direct-to-consumer penetration increased approximately 700 basis points in the aforesaid time.
Additionally, management remains optimistic about its strategic agreements to enrich its presence. Management concluded the acquisition of the European joint venture. This transaction distributes the company’s branded footwear and accessories across the majority of countries in Europe. The buyout of BB Dakota, a California-based women's apparel company, through which SHOO is steadily expanding its apparel category, appears encouraging. One of the company’s major growth opportunities is expanding its international business.
What’s More?
On its lastearnings call management highlighted that 2022 marked a record year with respect to revenues and earnings. Consolidated revenues in the year were $2.1 billion, up 13.7% from 2021. Wholesale revenues also grew 16.4% on increases of 16.9% in wholesale footwear revenues and 14.8% in wholesale accessories revenues. The consolidated gross margin rose 10 basis points to 41.2% in 2022. Earnings came in at $2.80 per share, up from $2.50 per share earned in 2021. This is the highest in the company's history. The company crossed the $2 billion mark in revenues for the first time, including double-digit percentage increases on the top and the bottom lines in 2022.
In 2022, the company’s accessories and apparel business surpassed $400 million in revenues and rose 13% versus 2021. The company’s handbags category rose 19% in the year. In apparel, management transitioned from the BB Dakota-Steve Madden co-brand to its namesake brand for the fall of 2022. The overall apparel revenues increased 38% in 2022. Results were driven by the power of its brands, the strength of its business model and the disciplined execution of its strategies.
In a nutshell, the company is focused on driving growth across the direct-to-consumer business, expanding categories apart from footwear such as handbags and apparel, enhancing its presence in the international markets and reinforcing its core U.S. wholesale footwear business. Steven Madden is focused on creating a trend-right merchandise assortment, deepening relations with customers via marketing, enhancing the digital commerce agenda and efficiently controlling expenses. A VGM Score of A for this current Zacks Rank #3 (Hold) stock further speaks volumes.
Eye These Solid Picks
Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
Ralph Lauren, a footwear and accessories dealer, sports a Zacks Rank #1 (Strong Buy) at present. RL has a trailing four-quarter earnings surprise of 23.6%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales and EPS suggests growth of 5.5% and 14%, respectively, from the year-ago corresponding figures.
Oxford Industries, which designs, sources, markets and distributes lifestyle products and other brands, carries a Zacks Rank #2 (Buy). Oxford Industries has a trailing four-quarter earnings surprise of 18.9%, on average.
The Zacks Consensus Estimate for OXM’s current financial-year sales and EPS suggests growth of 13.7% and 10.4% from the year-ago reported numbers.
Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
The Zacks Consensus Estimate for Deckers’ current financial-year sales and EPS suggests growth of 11% and 17.1%, respectively, from the year-ago corresponding figures.
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
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
Oxford Industries, Inc. (OXM) : Free Stock Analysis Report
Steven Madden, Ltd. (SHOO) : 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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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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The Zacks Consensus Estimate for Deckers’ current financial-year sales and EPS suggests growth of 11% and 17.1%, respectively, from the year-ago corresponding figures. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report Steven Madden, Ltd. (SHOO) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report Steven Madden, Ltd. (SHOO) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present.
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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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5c399972-ab6f-497a-a58c-602198055c33
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723889.0
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2023-03-28 00:00:00 UTC
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Decker's (DECK) to Gain From Solid Direct-to-Consumer Business
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DECK
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https://www.nasdaq.com/articles/deckers-deck-to-gain-from-solid-direct-to-consumer-business
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nan
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nan
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Deckers Outdoor Corporation DECK is focusing on expanding brand assortments, bringing innovative line of products and enhancing e-commerce capabilities to capture incremental sales directly from customers. The company has made substantial investment to strengthen its online presence and improve shopping experience for its customers by constantly developing e-commerce portals and optimizing omni-channel distribution.
Let’s Delve Deeper
Deckers has been strengthening omni-channel solutions, expanding its customer reach and focusing on diversified product offerings to gain market share in direct-to-consumer (DTC) sales.
The company is moving toward its long-term goal of 50% mix of direct-to-customer business. In the third quarter of fiscal 2023, the company’s direct-to-consumer net sales increased 18.7% and comparable DTC net sales grew 22.1% year over year. Digging into the past, we note that DTC net sales increased 35.3% and 15.4% in the second and first quarters, respectively.
Image Source: Zacks Investment Research
Moving forward, the company is progressing toward building HOKA ONE ONE into a multi-billion-dollar player and UGG as a global lifestyle brand.
HOKA builds its consumer base through combining discipline marketing approach and disruptive product innovation. From a dollar growth prospective, the brand’s DTC volume more than doubled in the third quarter from its year-ago period. The company’s net revenues increased 90.8% in the said period. Management expects revenues from HOKA brand to surge in the low 50% range for fiscal 2023. This demonstrates the brand’s growth in the DTC business.
Coming to UGG, the brand delivered global gains in DTC across genders and categories demonstrating strong consumer demands in the third quarter. Although UGG’s DTC business was impacted by unfavorable foreign currency exchange rate, it expanded 8% year over year. In the said quarter, the DTC mix increased to 52% from 50% last year, achieving the highest mix in any quarter.
Management expects net sales for fiscal 2023 in the range of $3.50 billion to $3.53 billion, driven primarily by the HOKA brand. It projects earnings in the band of $18.00-$18.50 per share, which suggests an increase from the earnings of $16.26 per share reported in the year-ago period.
Wrapping Up
Deckers is keeping up with the changing trend and is constantly developing its e-commerce portal to capture incremental sales. The company is also targeting profitable and underpenetrated markets.
Shares of this Zacks Rank #2 (Buy) company have increased 12% compared with the industry’s 3.5% growth.
3 Key Picks
Some top-ranked stocks are Inter Parfums IPAR, The Kroger Co. KR and NIKE, Inc. NKE.
IPAR has an expected long-term earnings growth rate of 15% and a trailing four-quarter earnings surprise of 36.2%, on average. Inter Parfums currently 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 Inter Parfums’ current financial year sales and earnings suggests growth of 10.5% and 0.8%, respectively, from the year-ago reported numbers.
The Kroger Co. operates in the thin-margin grocery industry. It currently flaunts a Zacks Rank of 1. KR has a trailing four-quarter earnings surprise of 9.8%, on average.
The Zacks Consensus Estimate for Kroger’s current financial year sales and earnings suggests growth of 2.5% and 6.2%, respectively, from the prior-year reported numbers.
NIKE, engaged in the business of designing, developing and marketing of athletic footwear, currently carries a Zacks Rank of 2. NKE has a trailing four-quarter earnings surprise of 24%, on average.
The Zacks Consensus Estimate for NIKE’s’ current financial year sales suggests growth of 8.8% from the corresponding year-ago reported figures.
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
NIKE, Inc. (NKE) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
The Kroger Co. (KR) : Free Stock Analysis Report
Inter Parfums, Inc. (IPAR) : 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 focusing on expanding brand assortments, bringing innovative line of products and enhancing e-commerce capabilities to capture incremental sales directly from customers. Let’s Delve Deeper Deckers has been strengthening omni-channel solutions, expanding its customer reach and focusing on diversified product offerings to gain market share in direct-to-consumer (DTC) sales. Wrapping Up Deckers is keeping up with the changing trend and is constantly developing its e-commerce portal to capture incremental sales.
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Click to get this free report NIKE, Inc. (NKE) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Kroger Co. (KR) : Free Stock Analysis Report Inter Parfums, Inc. (IPAR) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK is focusing on expanding brand assortments, bringing innovative line of products and enhancing e-commerce capabilities to capture incremental sales directly from customers. Let’s Delve Deeper Deckers has been strengthening omni-channel solutions, expanding its customer reach and focusing on diversified product offerings to gain market share in direct-to-consumer (DTC) sales.
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Click to get this free report NIKE, Inc. (NKE) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Kroger Co. (KR) : Free Stock Analysis Report Inter Parfums, Inc. (IPAR) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK is focusing on expanding brand assortments, bringing innovative line of products and enhancing e-commerce capabilities to capture incremental sales directly from customers. Let’s Delve Deeper Deckers has been strengthening omni-channel solutions, expanding its customer reach and focusing on diversified product offerings to gain market share in direct-to-consumer (DTC) sales.
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Deckers Outdoor Corporation DECK is focusing on expanding brand assortments, bringing innovative line of products and enhancing e-commerce capabilities to capture incremental sales directly from customers. Let’s Delve Deeper Deckers has been strengthening omni-channel solutions, expanding its customer reach and focusing on diversified product offerings to gain market share in direct-to-consumer (DTC) sales. Wrapping Up Deckers is keeping up with the changing trend and is constantly developing its e-commerce portal to capture incremental sales.
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805e0b0f-603f-48ed-a00a-c4bac29822d5
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723890.0
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2023-03-27 00:00:00 UTC
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Deckers Outdoor Corp. Shares Climb 0.3% 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-0.3-past-previous-52-week-high-market-mover-0
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $11B. The stock is currently up 12.3% year-to-date, up 66.8% over the past 12 months, and up 390.9% over the past five years. This week, the Dow Jones Industrial Average rose 0.6%, and the S&P 500 rose 0.7%.
Trading Activity
Trading volume this week was 4.9% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2.
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 2.6%
The company's stock price performance over the past 12 months beats the peer average by 6101.2%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 82.6% 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 0.3% higher than its previous 52 week high, giving the company a market cap of $11B. Beta, a measure of the stock’s volatility relative to the overall market stands at 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 2.6% The company's stock price performance over the past 12 months beats the peer average by 6101.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 82.6% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $11B. This week, the Dow Jones Industrial Average rose 0.6%, and the S&P 500 rose 0.7%. 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 2.6% The company's stock price performance over the past 12 months beats the peer average by 6101.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 82.6% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $11B. 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 2.6% The company's stock price performance over the past 12 months beats the peer average by 6101.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 82.6% 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 0.3% higher than its previous 52 week high, giving the company a market cap of $11B. This week, the Dow Jones Industrial Average rose 0.6%, and the S&P 500 rose 0.7%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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d4751270-b59e-4783-ad91-e43091c31ce3
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723891.0
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2023-03-26 00:00:00 UTC
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Deckers Outdoor Corp. Shares Climb 0.3% 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-0.3-past-previous-52-week-high-market-mover
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $11B. The stock is currently up 10.9% year-to-date, up 64.8% over the past 12 months, and up 386.6% over the past five years. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.5%.
Trading Activity
Trading volume this week was 26.1% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2.
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 lags the peer average by -14.0%
The company's stock price performance over the past 12 months beats the peer average by 3503.8%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 78.5% 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 0.3% higher than its previous 52 week high, giving the company a market cap of $11B. Beta, a measure of the stock’s volatility relative to the overall market stands at 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 lags the peer average by -14.0% The company's stock price performance over the past 12 months beats the peer average by 3503.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 78.5% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $11B. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.5%. 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 lags the peer average by -14.0% The company's stock price performance over the past 12 months beats the peer average by 3503.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 78.5% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $11B. 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 lags the peer average by -14.0% The company's stock price performance over the past 12 months beats the peer average by 3503.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 78.5% 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 0.3% higher than its previous 52 week high, giving the company a market cap of $11B. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.5%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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5ae80c8a-1530-40af-8289-4f6bc997862d
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723892.0
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2023-03-24 00:00:00 UTC
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Skechers (SKX) Rides High on Growth Strategies: Apt to Hold
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DECK
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https://www.nasdaq.com/articles/skechers-skx-rides-high-on-growth-strategies%3A-apt-to-hold-0
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nan
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nan
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Skechers U.S.A., Inc. SKX appears encouraging on the back of robust business strategies. The company remains focused on boosting its omni-channel capabilities by expanding its direct-to-consumer (DTC) business and enhancing its foothold internationally. SKX has been gaining from growth in its domestic and international channels for a while now. Continued global demand for its Comfort Technology footwear is steadily driving results.
This footwear leader has appreciated 34.9% in the past six months, outperforming the industry’s 24.7% growth. Moreover, the Zacks Consensus Estimate for Skechers’ 2023 sales and earnings per share (EPS) is currently pegged at $7.92 billion and $2.95 each, suggesting respective growth of 6.4% and 24% from the corresponding year-ago reported figures. For 2024, the Zacks Consensus Estimate for sales and EPS stands at $8.80 billion and $3.66 each, indicating corresponding increases of 11.1% and 24.2% from the prior-year reported numbers. This reflects the analysts’ optimism about the stock.
Let’s Delve Deeper
Skechers has been making strategic investments to improve the infrastructure worldwide, primarily e-commerce platforms and distribution centers. The company is focused on designing and developing new products. Going ahead, SKX plans to introduce more innovative and comfortable technology products, build multi-platform marketing campaigns and launch more e-commerce sites around the world.
Image Source: Zacks Investment Research
Skechers has been directing resources to enhance its digital capabilities, including augmenting website features, mobile applications and a loyalty program. Investments made to integrate store and digital ecosystems for developing a seamless omnichannel experience are likely to drive greater sales. The company has updated its point-of-sale systems to better engage with customers, both offline and online. Initiatives such as “Buy Online, Pick-Up in Store” and “Buy Online, Pickup at Curbside” are worth mentioning.
During the fourth quarter of 2022, Skechers’ DTC sales grew 10.8% year over year to $829.6 million. This is backed by 30% growth domestically with a triple-digit increase in e-commerce and a double-digit increase in retail stores. Both these channels gained from solid inventory levels. International DTC sales were flat year over year owing to a decline in China. However, excluding China, sales rose 22% on double-digit increases across the company’s stores and online. DTC sales jumped on growth of 27% in AMER and 19.1% in EMEA. DTC volumes also jumped 14.8% year over year.
Furthermore, Skechers’ international business remains a significant sales growth driver for the company. SKX is poised to enhance its global reach in the footwear market through its distribution networks, subsidiaries and joint ventures. In fourth-quarter 2022, international sales increased 8.7% year over year. Region-wise, sales increased 22.5% year over year to $925.6 million in the Americas and 28.9% to $413.7 million in EMEA.
Wrapping up, Skechers is likely to continue performing well on the back of such sturdy endeavors. The company’s 2023 outlook reflects sales momentum across most of the company’s international markets throughout the year. A China market recovery with a steady improvement in the course of the year, better distribution operating efficiency on enhanced capacity and remediation endeavors are tailwinds.
Also, the gross margin is likely to benefit from lower logistics costs mainly in freight. For 2023, management believes in accomplishing sales between $7.75 billion and $8 billion and earnings per share between $2.80 and $3.00. A VGM Score of B further speaks volumes for this Zacks Rank #3 (Hold) stock.
Eye These Solid Picks
Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
Ralph Lauren, a footwear and accessories dealer, has a Zacks Rank #1 (Strong Buy) at present. RL has a trailing four-quarter earnings surprise of 23.6%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales and EPS suggests growth of 5.5% and 14%, respectively, from the year-ago corresponding figures.
Oxford Industries, which designs, sources, markets and distributes lifestyle products and other brands, carries a Zacks Rank #2 (Buy). Oxford Industries has a trailing four-quarter earnings surprise of 18.9%, on average.
The Zacks Consensus Estimate for OXM’s current financial-year sales and EPS suggests growth of 13.7% and 10.4% from the year-ago reported numbers.
Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
The Zacks Consensus Estimate for Deckers’ current financial-year sales and EPS suggests growth of 11% and 17.1%, respectively, from the year-ago corresponding figures.
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
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
Oxford Industries, Inc. (OXM) : 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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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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The Zacks Consensus Estimate for Deckers’ current financial-year sales and EPS suggests growth of 11% and 17.1%, respectively, from the year-ago corresponding figures. Click to get this free 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 Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
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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 Ralph Lauren Corporation (RL) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present.
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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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9c031813-311b-45fc-be91-823c63dfa9db
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723893.0
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2023-03-24 00:00:00 UTC
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Wolverine (WWW) Rides High on Growth Strategies: Apt to Hold
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DECK
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https://www.nasdaq.com/articles/wolverine-www-rides-high-on-growth-strategies%3A-apt-to-hold
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nan
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nan
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Wolverine World Wide, Inc. WWW appears encouraging, thanks to its robust business strategies. The company continues to focus on strengthening its direct-to-consumer (DTC) business. Speed-to-market initiatives, deployment of digital product development tools, expansion of e-commerce platforms and frequent introduction of products are steadily contributing to its performance. WWW has been reinforcing its footprint across international markets.
Apparently, shares of this current Zacks Rank #3 (Hold) stock have increased 52.1% in the past three months compared with the industry’s 3.5% gain.
Let’s Delve Deep
Wolverine focuses on developing brands that suit consumer needs aptly on the back of advanced technologies and accurate market insights. It remains committed to new launches across different brand banners. As part of long-term business growth strategies, the company is also striving to develop an efficient sourcing structure and diversify its global business. In the fourth quarter of 2022, the Merrell brand continued its momentum, generating 27% revenue growth and 31% on a constant currency basis and benefiting from global brand strength across categories. Merrell’s DTC business increased 16% in the quarter and accounted for above 40% of the brand’s sales in the United States. Wolverine forecasts Merrell's revenues to increase in the mid-single digits in 2023 with a high-teens rise in the first quarter.
Image Source: Zacks Investment Research
Saucony revenues also increased 24.8% to $121.3 million in the reported quarter. Saucony's performance was aided by the updated core franchises and its e-commerce revenues grew 31%. This brand will continue to drive innovation and Saucony's China JV had an outstanding quarter, as sales tripled in 2022. The company’s multichannel strategy is progressing well, with the addition of eight stores during the fourth quarter. Management projects revenues from the China JV to double in 2023. It predicts Saucony revenues to increase mid-single digits in 2023 with high-single digits growth in the first quarter. Further, it predicts Sweaty Betty revenues to increase in the low single digits in 2023. With respect to Sweaty Betty, it introduced one pop-up in China and intends to open 10 stores in 2023 mainly in the U.K. and Ireland.
The international business remains one of the key revenue drivers. WWW’s international business was robust in the fourth quarter and improved 22.2% to $281.5 million. International revenues increased 31.9% in constant currency. We note that the company’s EMEA business is a major contributor to international growth, with revenue increase of 21%. The performance was further boosted by the top three brands, which represented more than 50% of the international revenues. Wolverine plans to invest in key growth markets and continue to invest in the international regions, with joint ventures for Merrell and Saucony, and expand e-commerce capabilities globally.
What Else?
Management expects the profitability to grow significantly in the second half of 2023 as supply-chain costs and inventory levels normalize, and also gain from the Profit Improvement Office efforts. For 2023, revenues from the ongoing business are projected in the range of $2.53-$2.58 billion, representing an increase of 0-2% and constant currency growth of 1-3%. It anticipates sturdy performance from the Active Group with mid-single-digit growth, while the Work Group is likely to generate consistent low-single-digit performance. Earnings per share (EPS) is envisioned to be between $1.50 and $1.70 and adjusted EPS is in the bracket of $1.40-$1.60 for the year. In 2021, Wolverine generated revenues of $2.53 billion and earnings of $1.37 per share from the ongoing business. Further, the gross margin is likely to be at 41.2% and the adjusted gross margin is anticipated to be 42% for the year, versus 39.9% in 2022. Nearly $20 million of product and logistics cost savings is likely to drive the gross margin in the second half.
Wolverine anticipates profit and cash flow performance to grow sequentially throughout the year. We note that cash from divestitures and disciplined expense control will generate operating free cash flow in the bracket of $200-$250 million.
Eye These Solid Picks
Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
Ralph Lauren, a footwear and accessories dealer, has a Zacks Rank #1 (Strong Buy) at present. RL has a trailing four-quarter earnings surprise of 23.6%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales and EPS suggests growth of 5.5% and 14%, respectively, from the year-ago corresponding figures.
Oxford Industries, which designs, sources, markets and distributes lifestyle products and other brands, carries a Zacks Rank #2 (Buy). Oxford Industries has a trailing four-quarter earnings surprise of 18.9%, on average.
The Zacks Consensus Estimate for OXM’s current financial-year sales and EPS suggests growth of 13.7% and 10.4% from the year-ago reported numbers.
Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
The Zacks Consensus Estimate for Deckers’ current financial-year sales and EPS suggests growth of 11% and 17.1%, respectively, from the year-ago corresponding figures.
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
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW) : Free Stock Analysis Report
Oxford Industries, Inc. (OXM) : 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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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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The Zacks Consensus Estimate for Deckers’ current financial-year sales and EPS suggests growth of 11% and 17.1%, respectively, from the year-ago corresponding figures. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Wolverine World Wide, Inc. (WWW) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Wolverine World Wide, Inc. (WWW) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report To read this article on Zacks.com click here. Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present.
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Eye These Solid Picks Here we have highlighted three top-ranked stocks, namely, Ralph Lauren RL, Oxford Industries OXM and Deckers DECK. Deckers, a footwear dealer, has a Zacks Rank of 2 at present. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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2e6f23ef-04a2-461e-a5eb-7619c2f91f04
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723894.0
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2023-03-24 00:00:00 UTC
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Will Strategic Initiative Aid Burlington Stores' (BURL) Growth?
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DECK
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https://www.nasdaq.com/articles/will-strategic-initiative-aid-burlington-stores-burl-growth
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nan
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nan
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Burlington Stores, Inc. BURL stock seems well positioned for growth owing to the successful execution of its Burlington 2.0 strategy and its store-growth efforts. The main objective of the 2.0 initiative is to significantly improve the execution of the off-price model and offer great value to consumers. The company has also been progressing well in its store-expansion efforts for a while now.
Moving forward, the consensus mark for BURL’s fiscal 2023 earnings per share of $6.11 suggests a year-over-year growth of 43.4%. The consensus estimate for the next fiscal year’s sales of $9.86 billion mirrors a 13.3% rise from the last fiscal year.
Detailing Growth Efforts
To drive top-line growth, Burlington Stores is focused on store expansion. The company’s store-related efforts, including smaller store prototypes, have been on track. Management stated earlier that it has the potential to expand the store base to 2,000 stores.
During the fourth quarter of fiscal 2022, BURL inaugurated 34 net stores, taking the total store base to 927. This comprised 39 store openings, five relocations and no closings. For fiscal 2023, the company expects to open 70 to 80 net new stores. BURL believes that it can grow its new store program and help it to open 500 to 600 net new stores in the following five years.
Image Source: Zacks Investment Research
Moving to the 2.0 initiative, Burlington Stores focuses on offering great customer value by effectively managing liquidity, chasing sales, buying opportunistically and having more operational flexibility. Under the operational aspect, it wants to achieve more flexibility via a faster and more responsive supply chain and a more flexible store staffing model. This initiative is expected to drive the company’s top line and operating margin growth.
Additionally, Burlington Stores has made multiple changes to its business model to adapt to the ongoing changes in the industry. The company’s off-price model is helping customers to get nationally branded, fashionable, high-quality as well as right-priced products.
Management also believes that it still has a significant opportunity to drive growth, improve profitability and achieve its off-price Full Potential plan. BURL remains optimistic about the outlook for fiscal 2023 and expects both the top line and bottom line to grow year over year. For fiscal 2023, the company expects total sales to increase in the range of 12% to 14%, which includes 2% from the 53rd week and adjusted earnings per share in the bracket of $5.50-$6.00, up from $4.26 recorded in the year-ago period.
Wrapping Up
Burlington has been facing higher supply chain expenses and competitive pressures for a while now. The company expects to incur $560 million in capital expenditures net of landlord allowances in fiscal 2023.
Nevertheless, the upsides mentioned above will likely help Burlington to battle such hurdles.
Shares of this Zacks Rank #3 (Hold) company have rallied 77.5%, outperforming the industry’s 6.6% growth over the past six months.
3 Key Picks
Some top-ranked stocks are Inter Parfums IPAR, The Kroger Co. KR and Deckers Outdoor Corporation DECK.
IPAR has an expected long-term earnings growth rate of 15% and a trailing four-quarter earnings surprise of 36.2%, on average. Inter Parfums currently 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 Inter Parfums’ current financial year sales suggests growth of 10.8% from the year-ago reported numbers.
The Kroger Co. operates in the thin-margin grocery industry. It currently carries a Zacks Rank of 2 (Buy). KR has a trailing four-quarter earnings surprise of 9.8%, on average.
The Zacks Consensus Estimate for Kroger’s current financial year sales and earnings suggests growth of 2.5% and 6.2%, respectively, from the prior-year reported numbers.
Deckers Outdoor, a leading designer, producer and brand manager of innovative, niche footwear, currently carries a Zacks Rank of 2. DECK has a trailing four-quarter earnings surprise of 31%, on average.
The Zacks Consensus Estimate for Deckers’ current financial year sales and earnings suggests growth of 12.2% and 13.6%, respectively, from the corresponding year-ago reported figures.
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
The Kroger Co. (KR) : Free Stock Analysis Report
Inter Parfums, Inc. (IPAR) : Free Stock Analysis Report
Burlington Stores, Inc. (BURL) : 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, a leading designer, producer and brand manager of innovative, niche footwear, currently carries a Zacks Rank of 2. 3 Key Picks Some top-ranked stocks are Inter Parfums IPAR, The Kroger Co. KR and Deckers Outdoor Corporation DECK. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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The Zacks Consensus Estimate for Deckers’ current financial year sales and earnings suggests growth of 12.2% and 13.6%, respectively, from the corresponding year-ago reported figures. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Kroger Co. (KR) : Free Stock Analysis Report Inter Parfums, Inc. (IPAR) : Free Stock Analysis Report Burlington Stores, Inc. (BURL) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Key Picks Some top-ranked stocks are Inter Parfums IPAR, The Kroger Co. KR and Deckers Outdoor Corporation DECK.
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The Zacks Consensus Estimate for Deckers’ current financial year sales and earnings suggests growth of 12.2% and 13.6%, respectively, from the corresponding year-ago reported figures. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Kroger Co. (KR) : Free Stock Analysis Report Inter Parfums, Inc. (IPAR) : Free Stock Analysis Report Burlington Stores, Inc. (BURL) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Key Picks Some top-ranked stocks are Inter Parfums IPAR, The Kroger Co. KR and Deckers Outdoor Corporation DECK.
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3 Key Picks Some top-ranked stocks are Inter Parfums IPAR, The Kroger Co. KR and Deckers Outdoor Corporation DECK. Deckers Outdoor, a leading designer, producer and brand manager of innovative, niche footwear, currently carries a Zacks Rank of 2. DECK has a trailing four-quarter earnings surprise of 31%, on average.
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e909c86e-fbb7-4c52-b5ae-5c8acac36b87
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723895.0
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2023-03-23 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-4
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed today at 0.9% below its 52 week high of $446.89, giving the company a market cap of $11B. The stock is currently up 10.8% year-to-date, up 64.1% over the past 12 months, and up 395.7% over the past five years. This week, the Dow Jones Industrial Average fell 0.5%, and the S&P 500 fell 0.4%.
Trading Activity
Trading volume this week was 6.3% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2.
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 lags the peer average by -13.5%
The company's stock price performance over the past 12 months beats the peer average by 2551.7%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 78.2% 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 0.9% below its 52 week high of $446.89, giving the company a market cap of $11B. Beta, a measure of the stock’s volatility relative to the overall market stands at 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 lags the peer average by -13.5% The company's stock price performance over the past 12 months beats the peer average by 2551.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 78.2% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.9% below its 52 week high of $446.89, giving the company a market cap of $11B. This week, the Dow Jones Industrial Average fell 0.5%, and the S&P 500 fell 0.4%. Trading Activity Trading volume this week was 6.3% higher than the 20-day average.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.9% below its 52 week high of $446.89, giving the company a market cap of $11B. 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 lags the peer average by -13.5% The company's stock price performance over the past 12 months beats the peer average by 2551.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 78.2% 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 0.9% below its 52 week high of $446.89, giving the company a market cap of $11B. This week, the Dow Jones Industrial Average fell 0.5%, and the S&P 500 fell 0.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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1f3f7b82-f735-41b2-93dd-7d13fc50e637
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723896.0
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2023-03-23 00:00:00 UTC
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Guru Fundamental Report for DECK
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DECK
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https://www.nasdaq.com/articles/guru-fundamental-report-for-deck
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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 Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.
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.
FUNDAMENTAL MOMENTUM: PASS
TWELVE MINUS ONE MOMENTUM: PASS
FINAL RANK: PASS
Detailed Analysis of DECKERS OUTDOOR CORP
DECK Guru Analysis
DECK Fundamental Analysis
More Information on Dashan Huang
Dashan Huang Portfolio
About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
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). DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Of the 22 guru strategies we follow, DECK rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Of the 22 guru strategies we follow, DECK rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Detailed Analysis of DECKERS OUTDOOR CORP DECK Guru Analysis DECK Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK).
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Detailed Analysis of DECKERS OUTDOOR CORP DECK Guru Analysis DECK Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK). Of the 22 guru strategies we follow, DECK rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Of the 22 guru strategies we follow, DECK rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for DECKERS OUTDOOR CORP (DECK). DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry.
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93d931b9-ea8d-4816-a12f-a150cd6dfee3
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723897.0
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2023-03-23 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
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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 7.6% over the past month. The stock hit a new 52-week high of $446.89 in the previous session. Deckers has gained 8.6% since the start of the year compared to the 4.8% move for the Zacks Consumer Discretionary sector and the 3.1% return for the Zacks Shoes and Retail Apparel industry.
What's Driving the Outperformance?
The stock has a great 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 February 2, 2023, Deckers reported EPS of $10.48 versus consensus estimate of $9.57 while it beat the consensus revenue estimate by 6.98%.
For the current fiscal year, Deckers is expected to post earnings of $18.47 per share on $3.53 billion in revenues. This represents a 13.59% change in EPS on a 12.18% change in revenues. For the next fiscal year, the company is expected to earn $21.63 per share on $3.92 billion in revenues. This represents a year-over-year change of 17.09% and 11%, 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 these give investors a variety of ways to comb 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. Investors should consider the style scores a valuable tool that can help you to 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 F, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 23.5X current fiscal year EPS estimates, which is a premium to the peer industry average of 14.6X. On a trailing cash flow basis, the stock currently trades at 23.8X versus its peer group's average of 9.4X. Additionally, the stock has a PEG ratio of 1.29. 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 meets the list of requirements. Thus, it seems as though Deckers shares could have potential in the weeks and months to come.
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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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Fortunately, Deckers currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts. Have you been paying attention to shares of Deckers (DECK)? Deckers has gained 8.6% since the start of the year compared to the 4.8% move for the Zacks Consumer Discretionary sector and the 3.1% return for the Zacks Shoes and Retail Apparel industry.
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In its last earnings report on February 2, 2023, Deckers reported EPS of $10.48 versus consensus estimate of $9.57 while it beat the consensus revenue estimate by 6.98%. For the current fiscal year, Deckers is expected to post earnings of $18.47 per share on $3.53 billion in revenues. 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 meets the list of requirements. Have you been paying attention to shares of Deckers (DECK)? Deckers has gained 8.6% since the start of the year compared to the 4.8% move for the Zacks Consumer Discretionary sector and the 3.1% return for the Zacks Shoes and Retail Apparel industry.
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Have you been paying attention to shares of Deckers (DECK)? Deckers has gained 8.6% since the start of the year compared to the 4.8% move for the Zacks Consumer Discretionary sector and the 3.1% return for the Zacks Shoes and Retail Apparel industry. In its last earnings report on February 2, 2023, Deckers reported EPS of $10.48 versus consensus estimate of $9.57 while it beat the consensus revenue estimate by 6.98%.
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85f5548b-30a8-4b69-9b40-bb3ebf2742ef
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723898.0
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2023-03-22 00:00:00 UTC
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NIKE (NKE) Q3 Earnings & Revenues Beat on Brand Strength
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DECK
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https://www.nasdaq.com/articles/nike-nke-q3-earnings-revenues-beat-on-brand-strength
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nan
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nan
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NIKE Inc. NKE reported third-quarter fiscal 2023 results, wherein revenues and earnings beat the Zacks Consensus Estimate. Results gained from the Consumer Direct Acceleration strategy, compelling product innovation and solid online show.
Following the strong results, shares of NIKE fell more than 2% in the after-hours trading session on Mar 21. This might be due to expected margin pressures stemming from its efforts to eliminate excess inventory through heavy discounts.
Overall, shares of the Zacks Rank #2 (Buy) company have gained 7.6% in the past three months compared with the industry’s growth of 4.2%.
Image Source: Zacks Investment Research
Q3 Highlights
In third-quarter fiscal 2023, the company’s earnings per share were 79 cents, down 9% from 83 cents reported in the year-ago quarter. However, the metric beat the Zacks Consensus Estimate of 52 cents and our estimate of 43 cents.
Revenues of the Swoosh brand owner grew 14% year over year to $12,390 million and surpassed the Zacks Consensus Estimate of $11,463 million and our estimate of $10,989.8 million. On a currency-neutral basis, revenues advanced 19% year over year, driven by broad-based across all brands, channels and geographies.
Sales at NIKE Direct were $5.3 billion, up 17% on a reported basis and 22% on a currency-neutral basis. The 22% currency-neutral increase included 24% growth at NIKE Digital and a 19% rise at NIKE stores.
The NIKE Brand Digital’s revenues improved 20% on a reported basis and 24% on a currency-neutral basis on the back of double-digit increases in traffic on its mobile app.
Wholesale revenues improved 12% on a reported basis and 18% on a currency-neutral basis. The results reflected gains from strong partner demand based on accelerating retail sales and higher shipments.
Operating Segments
The NIKE Brand revenues were $11,766 million, up 14% year over year on a reported basis. We estimated NIKE Brand revenues of $10,440.9 million, reflecting year-over-year growth of 1.1%. Revenues for the brand rose 19% on a currency-neutral basis. Results were driven by double-digit growth in North America, EMEA and APLA. Also, Greater China grew 1% on a cc basis but fell 8% on a reported basis.
Within the NIKE brand, revenues in North America advanced 27% on a reported basis and on a currency-neutral basis, each to $4,913 million. The upside can be attributed to strong holiday sales and strength across performance and lifestyle. Sales for the NIKE Direct business were up 23% in the region. Digital sales grew 25%, owing to double-digit growth in traffic and repeat buying trends by members.
In EMEA, the company’s revenues rose 17% on a reported basis and 26% on a currency-neutral basis to $3,246 million, driven by strong growth across all Western European markets, including positive trends in the U.K. NIKE Direct revenues for the segment grew 39% on a currency-neutral basis, with 43% growth in NIKE Digital. Double-digit growth in traffic with average order value rising in mid-single digits, new member acquisition and double-digit member engagement on the NIKE App were upsides.
In Greater China, revenues declined 8% year over year on a reported basis and rose 1% on a currency-neutral basis in the fiscal third quarter to $1,994 million. The region has been witnessing a rebound in brick-and-mortar traffic with strong retail momentum during the Chinese New Year and a clean inventory position. NIKE Direct rose 3% on a currency-neutral basis, while NIKE Digital revenues fell 11% year over year.
In APLA, NIKE revenues advanced 10% on a reported basis and 15% on a currency-neutral basis to $1,601 million. NIKE Direct advanced 22% on a currency-neutral basis, driven by a 23% surge in NIKE Digital.
Revenues at the Converse brand grew 8% on a reported basis to $612 million. On a currency-neutral basis, revenues of the segment were up 12%, backed by double-digit growth in North America, somewhat offset by sluggishness in Asia.
Costs & Margins
The gross profit rose 6% year over year to $5,371 million, while the gross margin contracted 330 basis points (bps) to 43.3%. The decline in the gross margin can be attributed to higher markdowns to liquidate inventory, increased freight and logistics costs, elevated product input costs, and currency headwinds. This was partly negated by the company’s pricing actions.
Selling and administrative expenses rose 15% to $3,959 million. As a percentage of sales, SG&A expenses expanded 40 bps from the prior-year quarter to 32%.
Demand-creation expenses increased 8% year over year to $900 million, owing to elevated marketing and advertising investments.
Operating overhead expenses were up 17% to $3,022 million on higher wage-related expenses and NIKE Direct costs.
Balance Sheet & Shareholder-Friendly Moves
The company ended the quarter with cash and short-term investments of $6,955 million, down 20% year over year. It had long-term debt (excluding current maturities) of $8,925 million and shareholders’ equity of $14,531 million as of Feb 28, 2023.
As of Feb 28, 2023, inventories of $8,905 million increased 16% from the prior-year levels due to increased freight costs and higher input costs.
In third-quarter fiscal 2023, the company returned $2 billion to shareholders, including $1.5 billion in share repurchases and $528 million in dividends. As of Feb 28, 2023, it bought back 32.0 million shares under the existing $3.4-billion program. The company hiked its dividend by 9%, marking the 21st consecutive year of a dividend increase.
NIKE, Inc. Price, Consensus and EPS Surprise
NIKE, Inc. price-consensus-eps-surprise-chart | NIKE, Inc. Quote
Outlook
Management has been concerned about the pressure on consumer confidence and the uncertain macro environment. For fiscal 2023, it expects revenues to grow in the high-single digits, up from the prior mentioned mid-single-digit growth. The sales view includes approximately 600 basis points of foreign exchange headwinds. For the fiscal fourth quarter, the metric is anticipated to see flat to low-single-digit revenue growth. This is likely to result in moderate wholesale revenue growth for the next few quarters.
The fiscal 2023 gross margin is envisioned to contract 250 basis points, at the low end of its earlier mentioned range. This reflects ongoing and accelerated actions to reduce inventory by year-end, higher freight and logistics expenses, and 100 basis points of foreign exchange headwinds. SG&A expenses are predicted to increase 10%. The effective tax rate is forecast to be in the high-teens range.
Other Stocks to Consider
Some other top-ranked companies are Ralph Lauren RL, H&R Block HRB and Deckers Outdoor DECK.
Ralph Lauren, a footwear and accessories dealer, has 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 Ralph Lauren’s next-financial-year sales and EPS suggests growth of 5% and 12.8%, respectively, from the year-ago reported figures. RL has a trailing four-quarter earnings surprise of 23.6%, on average.
Deckers Outdoor currently carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 31%, on average.
The Zacks Consensus Estimate for Deckers Outdoor’s current financial-year sales and earnings suggests growth of 12% and 13.5% from the year-ago period’s reported numbers, respectively.
H&R Block provides assisted income tax return preparation and do-it-yourself tax return preparation services. HRB currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for H&R Block’s current financial year’s EPS suggests growth of 9.4% from the year-ago reported figure. H&R Block has a trailing four-quarter earnings surprise of 10.7%, on average.
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NIKE, Inc. (NKE) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
H&R Block, Inc. (HRB) : 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 earnings suggests growth of 12% and 13.5% from the year-ago period’s reported numbers, respectively. Other Stocks to Consider Some other top-ranked companies are Ralph Lauren RL, H&R Block HRB and Deckers Outdoor DECK. Deckers Outdoor currently carries a Zacks Rank #2.
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Click to get this free report NIKE, Inc. (NKE) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report H&R Block, Inc. (HRB) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other top-ranked companies are Ralph Lauren RL, H&R Block HRB and Deckers Outdoor DECK. Deckers Outdoor currently carries a Zacks Rank #2.
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Click to get this free report NIKE, Inc. (NKE) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report H&R Block, Inc. (HRB) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other top-ranked companies are Ralph Lauren RL, H&R Block HRB and Deckers Outdoor DECK. Deckers Outdoor currently carries a Zacks Rank #2.
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Other Stocks to Consider Some other top-ranked companies are Ralph Lauren RL, H&R Block HRB and Deckers Outdoor DECK. Deckers Outdoor currently carries a Zacks Rank #2. The Zacks Consensus Estimate for Deckers Outdoor’s current financial-year sales and earnings suggests growth of 12% and 13.5% from the year-ago period’s reported numbers, respectively.
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34f04573-ac68-478d-986f-58da7dd47d3d
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723899.0
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2023-03-21 00:00:00 UTC
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Can V.F Corp (VFC) Get Back on Track With Its Growth Endeavors?
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DECK
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https://www.nasdaq.com/articles/can-v.f-corp-vfc-get-back-on-track-with-its-growth-endeavors
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nan
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nan
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V.F. Corp VFC has been witnessing a tough operating environment and continued supply-chain headwinds, including higher lead times and increased volatility on the distribution and logistics front. This led to a sluggish year-over-year performance in third-quarter fiscal 2022.
Adjusted earnings per share of $1.12 declined 17% year over year. On a constant-currency (cc) basis, adjusted earnings per share were down 10%. Net revenues of $3,531 million dipped 3% year over year due to weakness in the EMEA and APAC regions, partly offset by the solid performance in the outdoor brands, particularly The North Face. Revenues of the company’s big four brands were down 3%, while the rest of the portfolio decreased 2%.
The fiscal third-quarter adjusted gross margin decreased 140 bps to 54.9% due to higher promotions. Meanwhile, the adjusted operating margin contracted 280 bps to 14.9% due to a lower gross margin. SG&A expenses rose 5% to $1,421.6 million.
Moving on, the company’s China business continues to remain dismal. Notably, fiscal third-quarter APAC revenues decreased 7% on a reported basis (up 4% at cc), whereas revenues in Greater China fell 11% (down 1% at cc). Although its raw material suppliers across China are currently operational, it saw an eight-week lockdown in China in the first quarter of fiscal 2023. This led to logistics-related issues causing ongoing product delays. VFC is working with its suppliers to minimize disruptions. Currently, China has been witnessing sequential improvement as it reopens, but lower consumer spending remains concerning.
Consequently, the company expects fiscal 2023 constant dollar revenue growth of 3%, down from the earlier mention of 5-6%. Vans brand revenues for the fiscal year will now be down in the high-single digits compared with the prior mentioned mid-single digits. VFC forecasts gross margin to decline 200 bps year over year compared with the prior mentioned decline of 100-150 bps. The adjusted operating margin is envisioned to be 9.5%, down from the earlier mentioned 11%. V.F. Corp expects adjusted earnings per share of $2.05-$2.15 compared with the $2.40-$2.50 stated earlier.
Image Source: Zacks Investment Research
We note that shares of VFC have lost 18.2% in the past three months compared with the industry’s decline of 1.5%.
Efforts to Counter Hurdles
That said, management is leaving no stone unturned to get back on track. It remains focused on the strategic review of its Global Packs business, consisting of the Kipling, Eastpak and JanSport brands, as well as the divestiture and leaseback of its Europe headquarters in Stabio, Switzerland. VFC is focused on lowering working capital and optimizing inventories.
Also, it has been accelerating its cost-saving efforts, which are likely to generate $225 million in fiscal 2024, on an annual basis, after the completion of its previously announced actions.
For fiscal 2024, revenues are anticipated to grow in the low-single-digit range on a constant-currency basis. Gross and operating margins are likely to expand. Operating income is expected to grow in double digits, whereas the operating cash flow is likely to grow faster than earnings.
Gains from the Supreme buyout remain a key growth driver for V.F. Corp. The company is benefitting from Supreme’s strong follower base in the younger generation, even when consumers are moving away from apparel to essential spending. The acquisition has accelerated its 2024 strategy. This strengthens the company’s long-standing partnership with Supreme. V.F. Corp collaborated with Supreme for its brands, such as The North Face, Vans and Timberland, on various occasions.
Management also unveiled its five-year growth plan for fiscal 2023-2027. The company expects revenue five-year compounded annual growth rate (CAGR) of mid- to high-single digits. The bottom line is predicted to grow, seeing a five-year CAGR of high single to low-double digits. The operating margin is envisioned to be 15% by fiscal 2027, driven by gross margin expansion and reduced SG&A. Management also noted that it would return roughly $7 billion via dividends and share repurchases by fiscal 2027. Free cash flow is forecast to be $5.5 billion.
Bottom Line
All said, we believe that the aforementioned initiatives will help offset supply-chain woes and other macroeconomic headwinds. Topping it, a Value Score of B and a long-term earnings growth rate of 3.2% raise optimism in the Zacks Rank #3 (Hold) stock.
Stocks to Consider
Some better-ranked companies are Ralph Lauren RL, Deckers Outdoor DECK and H&R Block HRB.
Ralph Lauren, a footwear and accessories dealer, has 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 Ralph Lauren’s next-financial-year sales and EPS suggests growth of 5% and 12.8%, respectively, from the year-ago reported figures. RL has a trailing four-quarter earnings surprise of 23.6%, on average.
Deckers Outdoor currently carries a Zacks Rank #2 (Buy). The company has a trailing four-quarter earnings surprise of 31%, on average.
The Zacks Consensus Estimate for Deckers Outdoor’s current financial-year sales and earnings suggests growth of 12% and 13.5% from the year-ago period’s reported numbers, respectively.
H&R Block provides assisted income tax return preparation and do-it-yourself tax return preparation services. HRB currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for H&R Block’s current financial year’s EPS suggests growth of 9.4% from the year-ago reported figure. H&R Block has a trailing four-quarter earnings surprise of 10.7%, on average.
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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
V.F. Corporation (VFC) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
H&R Block, Inc. (HRB) : 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 earnings suggests growth of 12% and 13.5% from the year-ago period’s reported numbers, respectively. Stocks to Consider Some better-ranked companies are Ralph Lauren RL, Deckers Outdoor DECK and H&R Block HRB. Deckers Outdoor currently carries a Zacks Rank #2 (Buy).
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Corporation (VFC) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report H&R Block, Inc. (HRB) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked companies are Ralph Lauren RL, Deckers Outdoor DECK and H&R Block HRB. Deckers Outdoor currently carries a Zacks Rank #2 (Buy).
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Corporation (VFC) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report H&R Block, Inc. (HRB) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked companies are Ralph Lauren RL, Deckers Outdoor DECK and H&R Block HRB. Deckers Outdoor currently carries a Zacks Rank #2 (Buy).
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Stocks to Consider Some better-ranked companies are Ralph Lauren RL, Deckers Outdoor DECK and H&R Block HRB. Deckers Outdoor currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for Deckers Outdoor’s current financial-year sales and earnings suggests growth of 12% and 13.5% from the year-ago period’s reported numbers, respectively.
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ba18cdbe-c2f9-4c2e-bc6c-374213fa7740
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