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724000.0
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2022-10-03 00:00:00 UTC
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Skechers' (SKX) Omnichannel Initiatives Appear Robust
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DECK
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https://www.nasdaq.com/articles/skechers-skx-omnichannel-initiatives-appear-robust
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nan
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nan
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Skechers U.S.A., Inc. SKX looks well poised for future, thanks to its focus on boosting omnichannel growth by expanding the direct-to-consumer business and enhancing its foothold internationally. SKX has been gaining from growth in its domestic and international channels for a while now, driven by wholesale and direct-to-consumer sales. In addition, continued global demand for its Comfort Technology footwear remains a key driver.
Let’s Delve Deeper
Skechers has been directing its resources toward digital capability enhancement and the advancement of its websites, mobile application and loyalty program. Management 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. Investments made to integrate store and digital ecosystems for developing a seamless omnichannel experience are likely to drive greater sales.
In addition, Skechers has been enhancing its distribution facilities and supply-chain production capabilities for sometime now. In second-quarter 2022, SKX continued the rollout of its new e-commerce platform, including the launch of sites in Belgium, the Czech Republic, Hungary, Italy, the Netherlands and Portugal. Management plans to launch two additional sites in Europe, two in South America and one in Japan. SKX’s direct-to-consumer sales rose 4.3% in the reported quarter. Hence, management aims at accomplishing the $10 billion annual sales target by 2026.
We note that 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. We believe that this multi-brand strategy enables SKX to roll out products and reach a wide range of customers. Additionally, SKX is focusing on comfort-based footwear and apparel products as consumers are embracing a relaxed lifestyle.
Skechers’ international business remains a significant sales driver. SKX is poised to enhance its global reach in the footwear market through its distribution networks, subsidiaries and joint ventures. In second-quarter 2022, international sales increased 10% year over year. Region-wise, sales increased 21% year over year to $1,033.9 million in the Americas and 8% to $374.5 million in EMEA. Strength in India, South Korea and Malaysia acted as a primary lever.
Overall, Skechers is making strategic investments to improve infrastructure worldwide, primarily on the e-commerce platforms and in distribution centers. Sharing space with Wolverine WWW, Steven Madden SHOO and Deckers DECK, SKX is also focusing on designing and developing new products. In 2022, management plans to introduce more innovative and comfort technology products, build multi-platform marketing campaigns and launch more e-commerce sites around the world.
We believe that a greater emphasis on the new line of products, cost-containment efforts, inventory management and the global distribution platform is likely to keep driving SKX’s results ahead.
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Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW): 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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Sharing space with Wolverine WWW, Steven Madden SHOO and Deckers DECK, SKX is also focusing on designing and developing new products. Deckers Outdoor Corporation (DECK): Free Stock Analysis Report In second-quarter 2022, SKX continued the rollout of its new e-commerce platform, including the launch of sites in Belgium, the Czech Republic, Hungary, Italy, the Netherlands and Portugal.
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Sharing space with Wolverine WWW, Steven Madden SHOO and Deckers DECK, SKX is also focusing on designing and developing new products. Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report
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Sharing space with Wolverine WWW, Steven Madden SHOO and Deckers DECK, SKX is also focusing on designing and developing new products. Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Skechers U.S.A., Inc. SKX looks well poised for future, thanks to its focus on boosting omnichannel growth by expanding the direct-to-consumer business and enhancing its foothold internationally.
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Sharing space with Wolverine WWW, Steven Madden SHOO and Deckers DECK, SKX is also focusing on designing and developing new products. Deckers Outdoor Corporation (DECK): Free Stock Analysis Report In addition, Skechers has been enhancing its distribution facilities and supply-chain production capabilities for sometime now.
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5d53e7eb-07c5-474b-8bb7-da34d5b08294
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724001.0
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2022-09-29 00:00:00 UTC
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Nike (NKE) Q1 Earnings and Revenues Top Estimates
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DECK
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https://www.nasdaq.com/articles/nike-nke-q1-earnings-and-revenues-top-estimates
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nan
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nan
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Nike (NKE) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 2.20%. A quarter ago, it was expected that this athletic apparel maker would post earnings of $0.81 per share when it actually produced earnings of $0.90, delivering a surprise of 11.11%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Nike, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $12.69 billion for the quarter ended August 2022, surpassing the Zacks Consensus Estimate by 2.91%. This compares to year-ago revenues of $12.25 billion. 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.
Nike shares have lost about 40.8% since the beginning of the year versus the S&P 500's decline of -22%.
What's Next for Nike?
While Nike 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 Nike: unfavorable. 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 #4 (Sell) for the stock. So, the shares are expected to underperform 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 $0.74 on $12.04 billion in revenues for the coming quarter and $3.69 on $49.74 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 37% 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.
Deckers (DECK), another stock in the same industry, has yet to report results for the quarter ended September 2022.
This maker of Ugg footwear is expected to post quarterly earnings of $3.58 per share in its upcoming report, which represents a year-over-year change of -2.2%. The consensus EPS estimate for the quarter has been revised 0.1% lower over the last 30 days to the current level.
Deckers' revenues are expected to be $804.07 million, up 11.4% from the year-ago quarter.
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NIKE, Inc. (NKE): 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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Deckers (DECK), another stock in the same industry, has yet to report results for the quarter ended September 2022. Deckers' revenues are expected to be $804.07 million, up 11.4% from the year-ago quarter. Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
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Deckers (DECK), another stock in the same industry, has yet to report results for the quarter ended September 2022. Deckers' revenues are expected to be $804.07 million, up 11.4% from the year-ago quarter. Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
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Deckers (DECK), another stock in the same industry, has yet to report results for the quarter ended September 2022. Deckers' revenues are expected to be $804.07 million, up 11.4% from the year-ago quarter. Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
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Deckers (DECK), another stock in the same industry, has yet to report results for the quarter ended September 2022. Deckers' revenues are expected to be $804.07 million, up 11.4% from the year-ago quarter. Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
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4c29e530-a116-474b-8151-767aecfbfef0
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724002.0
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2022-09-27 00:00:00 UTC
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Peek Under The Hood: UGE Has 18% Upside
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DECK
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https://www.nasdaq.com/articles/peek-under-the-hood%3A-uge-has-18-upside
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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 ProShares Ultra Consumer Goods ETF (Symbol: UGE), we found that the implied analyst target price for the ETF based upon its underlying holdings is $21.17 per unit.
With UGE trading at a recent price near $17.99 per unit, that means that analysts see 17.68% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of UGE's underlying holdings with notable upside to their analyst target prices are Deckers Outdoor Corp. (Symbol: DECK), Crocs Inc (Symbol: CROX), and Toll Brothers Inc. (Symbol: TOL). Although DECK has traded at a recent price of $314.08/share, the average analyst target is 23.19% higher at $386.90/share. Similarly, CROX has 22.97% upside from the recent share price of $65.60 if the average analyst target price of $80.67/share is reached, and analysts on average are expecting TOL to reach a target price of $49.60/share, which is 20.62% above the recent price of $41.12. Below is a twelve month price history chart comparing the stock performance of DECK, CROX, and TOL:
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
ProShares Ultra Consumer Goods ETF UGE $17.99 $21.17 17.68%
Deckers Outdoor Corp. DECK $314.08 $386.90 23.19%
Crocs Inc CROX $65.60 $80.67 22.97%
Toll Brothers Inc. TOL $41.12 $49.60 20.62%
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 »
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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Although DECK has traded at a recent price of $314.08/share, the average analyst target is 23.19% higher at $386.90/share. ProShares Ultra Consumer Goods ETF UGE $17.99 $21.17 17.68% Deckers Outdoor Corp. DECK $314.08 $386.90 23.19% Crocs Inc CROX $65.60 $80.67 22.97% Toll Brothers Inc. TOL $41.12 $49.60 20.62% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of UGE's underlying holdings with notable upside to their analyst target prices are Deckers Outdoor Corp. (Symbol: DECK), Crocs Inc (Symbol: CROX), and Toll Brothers Inc. (Symbol: TOL).
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Three of UGE's underlying holdings with notable upside to their analyst target prices are Deckers Outdoor Corp. (Symbol: DECK), Crocs Inc (Symbol: CROX), and Toll Brothers Inc. (Symbol: TOL). ProShares Ultra Consumer Goods ETF UGE $17.99 $21.17 17.68% Deckers Outdoor Corp. DECK $314.08 $386.90 23.19% Crocs Inc CROX $65.60 $80.67 22.97% Toll Brothers Inc. TOL $41.12 $49.60 20.62% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although DECK has traded at a recent price of $314.08/share, the average analyst target is 23.19% higher at $386.90/share.
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Three of UGE's underlying holdings with notable upside to their analyst target prices are Deckers Outdoor Corp. (Symbol: DECK), Crocs Inc (Symbol: CROX), and Toll Brothers Inc. (Symbol: TOL). Although DECK has traded at a recent price of $314.08/share, the average analyst target is 23.19% higher at $386.90/share. Below is a twelve month price history chart comparing the stock performance of DECK, CROX, and TOL: Below is a summary table of the current analyst target prices discussed above:
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ProShares Ultra Consumer Goods ETF UGE $17.99 $21.17 17.68% Deckers Outdoor Corp. DECK $314.08 $386.90 23.19% Crocs Inc CROX $65.60 $80.67 22.97% Toll Brothers Inc. TOL $41.12 $49.60 20.62% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of UGE's underlying holdings with notable upside to their analyst target prices are Deckers Outdoor Corp. (Symbol: DECK), Crocs Inc (Symbol: CROX), and Toll Brothers Inc. (Symbol: TOL). Although DECK has traded at a recent price of $314.08/share, the average analyst target is 23.19% higher at $386.90/share.
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913df275-5249-4bd5-8132-e630587473cc
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724003.0
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2022-09-15 00:00:00 UTC
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4 Shoes & Retail Apparel Stocks to Watch Amid Mixed Industry Trends
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DECK
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https://www.nasdaq.com/articles/4-shoes-retail-apparel-stocks-to-watch-amid-mixed-industry-trends
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nan
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nan
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Companies in the Zacks Shoes and Retail Apparel industry have been benefiting from the continued demand for activewear and footwear, given the increasing adoption of a healthy lifestyle. The industry players, focused on product innovation, store expansion, digital investments and omni-channel growth, are poised to gain. This has compelled their activewear segments to resort to innovations to make their assortments more comfortable and fashionable. However, elevated costs related to supply-chain headwinds, brand campaigns and digital investments have been deterrents.
The industry participants have been investing in product innovation to gain market share. Investments in products and e-commerce portals bode well for players like NIKE Inc. NKE, Deckers Outdoor DECK, Steven Madden SHOO and Caleres CAL.
About the Industry
The Zacks Shoes and Retail Apparel industry comprises companies that design, source and market clothing, footwear and accessories for men, women and children under various brand names. Product offerings of the companies mostly include athletic and casual footwear, fashion apparel and activewear, sports equipment, bags, balls, and other sports and fashion accessories. The companies showcase their products through their branded outlets and websites. Some companies distribute products via other retail stores such as national chains, online retailers, sporting goods stores, department stores, mass merchandisers, independent retailers and catalogs.
A Look at What's Shaping Shoes and Retail Apparel Industry's Future
Cost Headwinds: Companies in the industry are witnessing elevated costs due to factors like commodity cost inflation, increased freight costs, reinvestments and other impacts. Ongoing supply-chain constraints, extended transit times, and elevated ocean freight and logistics costs have been acting as deterrents. A number of companies expect increased freight and logistics costs to hurt margins in the near term. Elevated marketing expenses, higher operating overhead and demand-creating expenses, and increased investments to enhance store and digital operations have been raising SG&A costs. Also, the companies are witnessing higher costs to support brand campaigns and digital investments. The exit from the Russia business due to the Ukraine-Russia conflict and COVID-related disruptions in some parts of Greater China are likely to be the key concerns for some players. A tough and competitive labor market remains another concern. The factors pose a threat to the industry players’ margins.
Consumer Demand Trends: Players in the industry have been benefiting from strong consumer demand for activewear/athleisure products which is expected to accelerate in 2022 and beyond. Rising health consciousness and the willingness to live an active lifestyle and look fit have led consumers to incorporate sports and fitness routines into their daily lives. Athletic goods and apparel companies offer products from sweatshirts, leggings, pants, jackets and tops to yoga wear and running clothes for men and women. People are clubbing athleisure styles like tops with blazers to give them a formal look at office meetings. The industry participants have been focused on product innovations, store expansion and enhancing e-commerce capabilities to gain market share. The companies continue to innovate styles, materials and colors, and incorporate functional designs to grab a large share of the fast-growing market. The increased participation of women in sports and outdoor activities in recent years has been a boon for the industry.
E-Commerce Investments: E-commerce has been playing a crucial role in the athleisure market’s growth. The companies in the segment are looking to build a customer base through websites, social media and other digital channels. As consumers continue to show interest in shopping from home, growth of athletic-inspired apparel and digital sales are likely to continue. Companies focused on expanding their athletic-based apparel lines and building on e-commerce capabilities are expected to witness growth in 2022 and beyond. Efforts to accelerate deliveries through investments in supply chains and order fulfillment avenues are likely to provide an edge to the industry players. Simultaneously, companies are investing in renovations and improved checkouts, as well as mobile point-of-sale capabilities, to make stores attractive. The efforts to enhance experiences through multiple channels are likely to contribute significantly to improving traffic and transactions both in stores and online.
Zacks Industry Rank Indicates Bleak Prospects
The Zacks Shoes and Retail Apparel Industry is an 11-stock group within the broader Zacks Consumer Discretionary sector. The industry currently carries a Zacks Industry Rank #192, which places it in the bottom 17% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bleak prospects for the near term. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are losing confidence in this group’s earnings growth potential. In the past year, the industry’s earnings estimates for 2022 have declined 11%.
Before we present a few stocks that you may want to consider for your portfolio, let’s look at the industry’s recent stock-market performance and the valuation picture.
Industry Vs. Sector
The Zacks Shoes and Retail Apparel industry has outperformed its sector but underperformed the S&P 500 in the past year.
While stocks in the industry have collectively declined 31.8%, the Zacks S&P 500 composite has dropped 13.4%. Meanwhile, the Zacks Consumer Discretionary sector has declined 39.5%.
One-Year Price Performance
Shoes and Retail Apparel Industry's Valuation
On the basis of forward 12-month price-to-earnings (P/E), commonly used for valuing Consumer Discretionary stocks, the industry is currently trading at 22.4X compared with the S&P 500’s 16.91X and the sector’s 16.99X.
Over the last five years, the industry has traded as high as 36.79X and as low as 19.87X, with the median of 25.81X, as the chart below shows.
Price-to-Earnings Ratio (Past 5 Years)
4 Shoes & Retail Apparel Stocks to Watch
Caleres: Caleres is a leading footwear retailer and wholesaler in the United States, China, Canada, China, and Guam. The company operates through Famous Footwear and Brand Portfolio segments. The Saint Louis, MO-based company has been benefiting from the positive consumer demand trends and accelerated recovery in the footwear marketplace, aiding its sales. The momentum in the Famous Footwear brand is expected to contribute meaningfully to sales growth. Strong performances of CAL’s emerging brands, including Vionic, Sam Edelman, Allen Edmonds and Blowfish Malibu, are expected to be drivers.
Management anticipates strong performance at the Famous Footwear brand and gains in the Brand Portfolio segments, leveraging a diversified brand model, and the continued execution of strategic priorities to aid CAL’s performance. Caleres's focus on consumers' evolving preferences and efforts to drive growth across its omni-channel ecosystem bodes well. The Zacks Consensus Estimate for CAL’s fiscal 2022 sales and earnings indicate growth of 5.6% and 0.9%, respectively, from the year-ago quarter’s reported figures. The consensus estimate for CAL’s fiscal 2022 EPS has moved up by a penny in the past 30 days. The company has a trailing four-quarter earnings surprise of 34.9%, on average. Shares of this Zacks Rank #2 (Buy) company have risen 10.3% in the past year. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Price and Consensus: CAL
NIKE: NIKE, a global leader in athletic footwear, apparel, equipment and sports-related accessories, is poised to gain from its Consumer Direct Acceleration strategy, along with strong demand, compelling products, and robust performance in its digital and DTC businesses. NKE has been benefiting from its efficient digital ecosystem, which comprises its online site as well as commercial and activity apps. With consumers’ increasing digital focus, NIKE is on track with its digital revenue growth target for fiscal 2025. NKE expects revenue growth in fiscal 2025 to be led by NIKE Direct, which is anticipated to represent 60% of the total revenues on strong digital growth. The company expects NIKE-owned and partnered Digital to reach a 50% business mix in fiscal 2025, with NIKE-owned Digital accounting for 40% of the business.
As part of the Consumer Direct Acceleration, the company’s immediate priorities include improving personalization and creating a consistent end-to-end technology platform. The company remains confident of its performance in fiscal 2023, driven by brand strength, consumer connections, product pipeline and the normalization of inventory supply in North America, EMEA and APLA. The Zacks Consensus Estimate for NKE’s fiscal 2023 sales and earnings indicate growth of 7.8% and 0.8%, respectively, from the year-ago quarter’s reported figures. The consensus estimate for NKE’s fiscal 2023 earnings has moved down by a penny in the past 30 days. NIKE has reported an earnings surprise of 16.4%, on average, in the trailing four quarters. The Zacks Rank #3 (Hold) stock has declined 32.2% in the past year.
Price and Consensus: NKE
Deckers: The Goleta, CA-based company is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Strength in HOKA ONE ONE and UGG brands, as well as growth in direct-to-consumer and wholesale channels, has been aiding DECK’s performance. Deckers is targeting profitable and underpenetrated markets. The company remains focused on product innovations, store expansion and enhancing e-commerce capabilities. DECK’s focus on expanding its brand assortments, bringing a more innovative product line, targeting consumers digitally and optimizing omni-channel distribution bodes well.
Deckers has been developing its e-commerce portal to capture incremental sales. DECK has made substantial investments to strengthen its online presence and improve the shopping experience for its customers. The company’s focus on opening smaller-concept omni-channel outlets and expanding programs — including Retail Inventory Online; Infinite UGG; Buy Online, Return In Store; and Click and Collect — to enhance customers’ shopping experiences is likely to boost the top line in the quarters ahead. DECK has a trailing four-quarter earnings surprise of 27.8%, on average. Shares of the Zacks Rank #3 company have declined 24% in the past year. The Zacks Consensus Estimate for DECK’s fiscal 2023 sales and earnings indicate growth of 10.8% and 11.3%, respectively, from the year-ago quarter’s reported figures. The consensus estimate for its fiscal 2023 EPS has been unchanged in the past 30 days.
Price and Consensus: DECK
Steven Madden: Steven Madden designs, sources, markets and sells fashion-forward name brand and private-label footwear for women, men and children, and private-label fashion handbags and accessories globally. SHOO has been gaining from a robust e-commerce momentum, product assortments and accelerated business recovery. The company’s focus on creating trend-right merchandise assortment, deepening customer relations via marketing, enhancing the digital commerce agenda, expanding international markets and efficiently controlling expenses bodes well. This has been boosting consumer demand, contributing to the overall performance for a while now.
Strength in SHOO’s digital and brick-and-mortar channels bodes well. Management is on track to expand the international business. The company’s e-commerce wing continues to gain from prudent investments in digital marketing, as well as efforts to optimize the features and functionality of its website. Steven Madden has been significantly accelerating its digital commerce initiatives with respect to distribution. SHOO has a trailing four-quarter earnings surprise of 30.7%, on average. The Zacks Consensus Estimate for the company’s fiscal 2023 sales and earnings indicate growth of 15.4% and 18.8%, respectively, from the year-ago quarter’s reported figures. The consensus estimate for SHOO’s 2022 EPS has been unchanged in the past 30 days. Shares of the Zacks Rank #3 footwear company have declined 24.9% in the past year.
Price and Consensus: SHOO
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NIKE, Inc. (NKE): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Steven Madden, Ltd. (SHOO): 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: The Goleta, CA-based company is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Investments in products and e-commerce portals bode well for players like NIKE Inc. NKE, Deckers Outdoor DECK, Steven Madden SHOO and Caleres CAL. Strength in HOKA ONE ONE and UGG brands, as well as growth in direct-to-consumer and wholesale channels, has been aiding DECK’s performance.
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Investments in products and e-commerce portals bode well for players like NIKE Inc. NKE, Deckers Outdoor DECK, Steven Madden SHOO and Caleres CAL. Deckers: The Goleta, CA-based company is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Strength in HOKA ONE ONE and UGG brands, as well as growth in direct-to-consumer and wholesale channels, has been aiding DECK’s performance.
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Investments in products and e-commerce portals bode well for players like NIKE Inc. NKE, Deckers Outdoor DECK, Steven Madden SHOO and Caleres CAL. Deckers: The Goleta, CA-based company is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Strength in HOKA ONE ONE and UGG brands, as well as growth in direct-to-consumer and wholesale channels, has been aiding DECK’s performance.
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Investments in products and e-commerce portals bode well for players like NIKE Inc. NKE, Deckers Outdoor DECK, Steven Madden SHOO and Caleres CAL. Deckers: The Goleta, CA-based company is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Strength in HOKA ONE ONE and UGG brands, as well as growth in direct-to-consumer and wholesale channels, has been aiding DECK’s performance.
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e952a5d9-e650-4f42-8362-ad40379408c0
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724004.0
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2022-09-09 00:00:00 UTC
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Why Is Wolverine (WWW) Down 16% Since Last Earnings Report?
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DECK
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https://www.nasdaq.com/articles/why-is-wolverine-www-down-16-since-last-earnings-report
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nan
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nan
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A month has gone by since the last earnings report for Wolverine World Wide (WWW). Shares have lost about 16% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Wolverine due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
Wolverine Q1 Earnings Beat Estimates, Revenues Rise Y/Y
Wolverine reported mixed results for second-quarter 2022, wherein the bottom line beat the Zacks Consensus Estimate, while the top line missed the same. The top line increased year over year, while the bottom line dipped.
The company posted second-quarter adjusted earnings of 66 cents a share, dipping 1.5% from the year-ago quarter’s level but surpassing the Zacks Consensus Estimate of 64 cents.
Revenues of $713.6 million lagged the Zacks Consensus Estimate of $740 million but increased 12.9% year over year, courtesy of healthy international sales and brand strength. Excluding Sweaty Betty, revenues increased 5.4% year over year to $666.2 million. On a pro-forma basis, Sweaty Betty’s revenues of $47 million declined 23% year over year and 11% in constant currency.
We note that Wolverine Michigan Group’s revenues rose 10% year over year to $389.7 million, while Wolverine Boston Group’s revenues dipped 1.6% to $253.9 million. Other revenues jumped to $70 million from $19.5 million in the year-ago period.
In the reported quarter, Merrell revenues climbed 14% year over year to $203.6 million, Saucony revenues grew 7.2% to $135.5 million, Sperry revenues decreased 13.4% to $70.1 million and Wolverine revenues rose 16.3% to $57.7 million. Sweaty Betty generated revenues of $47.4 million.
Including Sweaty Betty, DTC revenues advanced 21.1% year over year to $166.2 million. Excluding Sweaty Betty, DTC revenues fell 8.2% to $125.9 million. Wolverine saw softness in the e-commerce channel, where revenues dropped 7% on an organic basis year over year and increased 20%, including Sweaty Betty. Changing shopping behavior with consumers partly returning to in-store shopping and shifting toward experiential spending might have hurt sales. Since 2019, the organic business has nearly doubled, and including Sweaty Betty, e-commerce as a rate of global sales is roughly 20%.
Margins
Gross profit was $307.2 million, almost flat year over year. However, gross margin contracted 150 basis points (bps) year over year to 43% due to an increased mix of international distributor shipments and supply-chain costs. This was partly offset by higher selling prices and royalties, and the contribution from Sweaty Betty.
Adjusted SG&A expenses jumped 13% to $228.5 million on higher variable costs. Excluding Sweaty Betty, SG&A as a rate of revenues improved 180 basis points. Adjusted operating profit dipped 1.1% year over year to $78.7 million, while adjusted operating margin decreased 160 bps to 11%. Excluding Sweaty Betty, adjusted operating margin was 12.2%.
Other Financials
Wolverine ended the quarter with cash and cash equivalents of $149.3 million, long-term debt of $727.4 million and stockholders' equity of $661.8 million. Total debt was $1,227.4 million at the end of the reported quarter. WWW had total liquidity, including cash and available borrowings under its revolving line of credit, of nearly $700 million.
Inventory at the end of the reported quarter was $639.5 million, reflecting an increase of 93% year over year. Excluding Sweaty Betty, organic inventory rose 80% from the prior-year period’s level.
In the second quarter, Wolverine had repurchased 2.4 million shares at an average price of $19.47 per share. WWW had $367 million available under the share buyback plan.
Outlook
Revenues are now projected in the range of $2.740-$2.790 billion, representing growth of nearly 14-16%. Foreign currency exchange rate fluctuations are expected to hurt revenues to the tune of $72.0 million or 3%.
Gross margin is likely to be 42.5%, considering the increased promotional and markdown cadence, and an elevated mix of lower-margin international third-party sales. Operating margin is expected to be 11.5%, while adjusted operating margin is forecast to be 9.5%, induced by higher promotional and inventory-handling costs.
Earnings per share are expected between $2.62 and $2.72, while adjusted earnings per share are likely to come in the bracket of $2.10-$2.20, indicating growth of 0.5-5.3% year over year. Currency is likely to hurt the metric to the tune of 11 cents a share.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in estimates revision.
The consensus estimate has shifted -31.29% due to these changes.
VGM Scores
Currently, Wolverine has a poor Growth Score of F, however its Momentum Score is doing a lot better with a B. Charting a somewhat similar path, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Wolverine has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.
Performance of an Industry Player
Wolverine belongs to the Zacks Shoes and Retail Apparel industry. Another stock from the same industry, Deckers (DECK), has gained 6% over the past month. More than a month has passed since the company reported results for the quarter ended June 2022.
Deckers reported revenues of $614.46 million in the last reported quarter, representing a year-over-year change of +21.8%. EPS of $1.66 for the same period compares with $1.71 a year ago.
For the current quarter, Deckers is expected to post earnings of $3.58 per share, indicating a change of -2.2% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Deckers. Also, the stock has a VGM Score of C.
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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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Wolverine World Wide, Inc. (WWW): 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 gained 6% over the past month. Deckers reported revenues of $614.46 million in the last reported quarter, representing a year-over-year change of +21.8%. For the current quarter, Deckers is expected to post earnings of $3.58 per share, indicating a change of -2.2% from the year-ago quarter.
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Another stock from the same industry, Deckers (DECK), has gained 6% over the past month. Deckers reported revenues of $614.46 million in the last reported quarter, representing a year-over-year change of +21.8%. For the current quarter, Deckers is expected to post earnings of $3.58 per share, indicating a change of -2.2% from the year-ago quarter.
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Another stock from the same industry, Deckers (DECK), has gained 6% over the past month. Deckers reported revenues of $614.46 million in the last reported quarter, representing a year-over-year change of +21.8%. For the current quarter, Deckers is expected to post earnings of $3.58 per share, indicating a change of -2.2% from the year-ago quarter.
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Another stock from the same industry, Deckers (DECK), has gained 6% over the past month. Deckers reported revenues of $614.46 million in the last reported quarter, representing a year-over-year change of +21.8%. For the current quarter, Deckers is expected to post earnings of $3.58 per share, indicating a change of -2.2% from the year-ago quarter.
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542479f1-8b24-46aa-86e5-48e1081e8f5d
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724005.0
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2022-09-07 00:00:00 UTC
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Deckers' (DECK) Omni-Channel Efforts, Brand Strength Bode Well
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DECK
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https://www.nasdaq.com/articles/deckers-deck-omni-channel-efforts-brand-strength-bode-well-0
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nan
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nan
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Deckers Outdoor Corporation DECK appears strong on the back of its robust omni-channel expansion endeavors, brand strength, and impressive customer-centric product and marketing strategies. In keeping with the changing trends, DECK is constantly developing its e-commerce portal to capture the incremental sales. Moreover, its focus on expanding brand assortments, introducing more innovative line of products and ramping up store-growth initiatives are added positives.
This Goleta, CA-based player’s shares have increased 17.6% over the past three months against the industry’s 12.6% decline. A Growth Score of B for currently Zacks Rank #3 (Hold) Deckers further highlights its potential.
Analysts are also optimistic about Deckers. We note that the Zacks Consensus Estimate for Buckle’s current financial-year sales and earnings per share (EPS) is pegged at $3.49 billion and $18.10, respectively. These estimates suggest growth of 10.8% and 11.3%, respectively, from the corresponding year-ago reported figures.
Let’s Dig Deeper
Deckers is constantly developing its e-commerce portal to resonate well with the evolving trends and grab higher sales. Management is focused on opening smaller concept omni-channel outlets and expanding programs, such as Retail Inventory Online; Infinite UGG; Buy Online, Return In Store; and Click and Collect to enhance customers’ shopping experience. During the first quarter of fiscal 2023, direct-to-consumer net sales grew 15%, thanks to increasing customer acquisition and retention for the HOKA brand.
Image Source: Zacks Investment Research
Talking of its brand strength, DECK has been witnessing momentum in its HOKA ONE ONE brand for sometime now. HOKA ONE ONE brand continues to build customer base through a combination of disruptive product innovation and a disciplined marketing approach. Net sales for the brand surged 54.9% to $330 million and surpassed the Zacks Consensus Estimate of $287.7 million in the fiscal first quarter.
HOKA ONE ONE brand’s international business surged 66%, while U.S. operations increased 49%. Direct-to-consumer business grew 58%, while sales through wholesale channel increased 53% from last year’s tally.
In addition, greater acceptance of the UGG brand's diverse product line along with progress in Europe and the Asia Pacific bodes well. Deckers is progressing toward building HOKA ONE ONE into a multibillion-dollar major player, elevating UGG as a global lifestyle brand with diverse product offerings round the year, and enhancing its direct-to-consumer business. Going forward, management plans to open additional retail stores for the HOKA ONE ONE brand and continue exploring opportunities to strategically expand the brand’s retail store fleet.
Additionally, Deckers has been implementing customer relationship management software and concentrating on its loyalty program for a while. Moreover, DECK is focusing on expanding its product categories according to the customer purchasing trends that differ with weather. DECK has been paying more emphasis on casual boots, winter and weather boots, and casual shoes for sometime now. All the aforesaid tailwinds are likely to continue driving Deckers’ sales and boost profitability.
Don’t Miss These Solid Bets
Here we highlighted three better-ranked stocks, namely, Designer Brands DBI, Buckle BKE and Capri Holdings CPRI.
Designer Brands designs, manufactures and retails footwear and accessories. The stock 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 Designer Brands’ current financial-year revenues and EPS suggests growth of 6.9% and 23.5%, respectively, from the corresponding year-ago reported figures. DBI has a trailing four-quarter earnings surprise of 55.1%, on average.
Buckle is a renowned retailer of on-trend apparel, footwear and accessories. BKE currently has a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Buckle’s current financial-year revenues and EPS suggests growth of 6.8% and 4.5%, respectively, from the corresponding year-ago reported figures. BKE has a trailing four-quarter earnings surprise of 12.7%, on average.
Capri Holdings, a global fashion luxury group of iconic brands Versace, Jimmy Choo and Michael Kors, carries a Zacks Rank of 2. CPRI has an expected EPS growth rate of 10.1% for three-five years.
The Zacks Consensus Estimate for Capri Holdings’ current financial-year sales and EPS suggests growth of 3.3% and 10.1%, respectively, from the corresponding year-ago reported numbers. CPRI has a trailing four-quarter earnings surprise of 32.4%, on average.
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Buckle, Inc. The (BKE): Free Stock Analysis Report
Capri Holdings Limited (CPRI): Free Stock Analysis Report
Designer Brands Inc. (DBI): 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 appears strong on the back of its robust omni-channel expansion endeavors, brand strength, and impressive customer-centric product and marketing strategies. Deckers is progressing toward building HOKA ONE ONE into a multibillion-dollar major player, elevating UGG as a global lifestyle brand with diverse product offerings round the year, and enhancing its direct-to-consumer business. In keeping with the changing trends, DECK is constantly developing its e-commerce portal to capture the incremental sales.
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Deckers Outdoor Corporation DECK appears strong on the back of its robust omni-channel expansion endeavors, brand strength, and impressive customer-centric product and marketing strategies. In keeping with the changing trends, DECK is constantly developing its e-commerce portal to capture the incremental sales.
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Deckers Outdoor Corporation DECK appears strong on the back of its robust omni-channel expansion endeavors, brand strength, and impressive customer-centric product and marketing strategies. In keeping with the changing trends, DECK is constantly developing its e-commerce portal to capture the incremental sales. A Growth Score of B for currently Zacks Rank #3 (Hold) Deckers further highlights its potential.
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Deckers Outdoor Corporation DECK appears strong on the back of its robust omni-channel expansion endeavors, brand strength, and impressive customer-centric product and marketing strategies. In keeping with the changing trends, DECK is constantly developing its e-commerce portal to capture the incremental sales. A Growth Score of B for currently Zacks Rank #3 (Hold) Deckers further highlights its potential.
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c58c5540-17ac-40b4-90b8-fbb4769b3e15
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724006.0
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2022-09-07 00:00:00 UTC
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At US$325, Is It Time To Put Deckers Outdoor Corporation (NYSE:DECK) On Your Watch List?
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DECK
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https://www.nasdaq.com/articles/at-us%24325-is-it-time-to-put-deckers-outdoor-corporation-nyse%3Adeck-on-your-watch-list
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nan
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nan
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Deckers Outdoor Corporation (NYSE:DECK), might not be a large cap stock, but it led the NYSE gainers with a relatively large price hike in the past couple of weeks. With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. However, could the stock still be trading at a relatively cheap price? Today I will analyse the most recent data on Deckers Outdoor’s outlook and valuation to see if the opportunity still exists.
Is Deckers Outdoor Still Cheap?
According to my valuation model, Deckers Outdoor seems to be fairly priced at around 4.06% above my intrinsic value, which means if you buy Deckers Outdoor today, you’d be paying a relatively fair price for it. And if you believe that the stock is really worth $311.97, there’s only an insignificant downside when the price falls to its real value. In addition to this, Deckers Outdoor has a low beta, which suggests its share price is less volatile than the wider market.
What does the future of Deckers Outdoor look like?
NYSE:DECK Earnings and Revenue Growth September 7th 2022
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Deckers Outdoor's earnings over the next few years are expected to increase by 60%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value.
What This Means For You
Are you a shareholder? DECK’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. However, there are also other important factors which we haven’t considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at the stock? Will you have enough confidence to invest in the company should the price drop below its fair value?
Are you a potential investor? If you’ve been keeping tabs on DECK, now may not be the most advantageous time to buy, given it is trading around its fair value. However, the optimistic prospect is encouraging for the company, which means it’s worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.
If you'd like to know more about Deckers Outdoor as a business, it's important to be aware of any risks it's facing. While conducting our analysis, we found that Deckers Outdoor has 1 warning sign and it would be unwise to ignore this.
If you are no longer interested in Deckers Outdoor, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In addition to this, Deckers Outdoor has a low beta, which suggests its share price is less volatile than the wider market. Deckers Outdoor Corporation (NYSE:DECK), might not be a large cap stock, but it led the NYSE gainers with a relatively large price hike in the past couple of weeks. Today I will analyse the most recent data on Deckers Outdoor’s outlook and valuation to see if the opportunity still exists.
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According to my valuation model, Deckers Outdoor seems to be fairly priced at around 4.06% above my intrinsic value, which means if you buy Deckers Outdoor today, you’d be paying a relatively fair price for it. NYSE:DECK Earnings and Revenue Growth September 7th 2022 Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Deckers Outdoor Corporation (NYSE:DECK), might not be a large cap stock, but it led the NYSE gainers with a relatively large price hike in the past couple of weeks.
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Deckers Outdoor Corporation (NYSE:DECK), might not be a large cap stock, but it led the NYSE gainers with a relatively large price hike in the past couple of weeks. According to my valuation model, Deckers Outdoor seems to be fairly priced at around 4.06% above my intrinsic value, which means if you buy Deckers Outdoor today, you’d be paying a relatively fair price for it. Today I will analyse the most recent data on Deckers Outdoor’s outlook and valuation to see if the opportunity still exists.
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Is Deckers Outdoor Still Cheap? What does the future of Deckers Outdoor look like? DECK’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.
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8364a77c-2a3f-4b57-913b-66f81544f928
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724007.0
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2022-08-25 00:00:00 UTC
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Zacks Market Edge Highlights: Williams-Sonoma, Crocs, Dick's Sporting Goods, Deckers Outdoor and Netflix
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DECK
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https://www.nasdaq.com/articles/zacks-market-edge-highlights%3A-williams-sonoma-crocs-dicks-sporting-goods-deckers-outdoor
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nan
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nan
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For Immediate Release
Chicago, IL – August 25, 2022 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/1972117/should-you-sell-the-summer-stock-rally
Should You Sell the Summer Stock Rally?
Welcome to Episode #327 of the Zacks Market Edge Podcast.
(1:00) - Breaking Down The Overall Economy: What Exactly Is Going On?
(8:30) - The Reason Why We Aren’t Heading Into A Recession
(14:10) - Manufacturing Slow Downs Impact On The Economy
(20:30) - Should You Be Selling The Summer Rally?
(29:15) - Episode Roundup: DECK, CROX, DKS, MSFT, AAPL, NFLX
Podcast@Zacks.com
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
This week, Tracey is joined by Zacks Chief Equity Strategist, John Blank, to talk about what is happening in the US economy and with the summer stock rally.
Is the rally the real deal or is it a fake-out bear market rally?
Should investors who have seen some of their stocks jump double digits in the last 3 months cash in their gains and move to the sidelines?
5 Summer Rally Winners: Should You Take Profits?
1. Williams-Sonoma Inc. WSM
Williams-Sonoma is one of the top furniture and home accessory retailers. In addition to Williams-Sonoma, it also owns the hot West Elm and Pottery Barn brands.
Williams-Sonoma shares have surged 52% in the last 3 months. They’re still cheap with a forward P/E of just 9.9.
It also pays a dividend yielding 2%.
Should you cash in your profits in Williams-Sonoma?
2. Crocs, Inc. (CROX)
Crocs continues to see strong demand but that didn’t stop the shares from falling this year.
Investors finally came in to buy the shares this summer, and now they’re up 37% over the last 3 months.
Crocs is still cheap, with a forward P/E of just 7.2 and a PEG ratio of just 0.5.
Is there more upside left in Crocs or should you move to the sidelines?
3. Dick’s Sporting Goods, Inc. DKS
Dick’s Sporting Goods recently reported earnings. It beat and raised full year guidance.
Shares were already rallying this summer, ahead of the earnings report. The result is that Dick’s Sporting Goods is up 43.4% over the last 3 months.
It’s cheap too with a forward P/E of 10.2. Dick’s also pays a dividend, yielding 1.8%.
Is it time to buy more of Dick’s?
4. Deckers Outdoor Corp. DECK
Deckers owns two of the hottest shoe brands: UGG and Hoka. But that didn’t prevent the shares from tumbling in 2022.
But this summer, Deckers shares jumped 28%.
It isn’t as cheap as the others. Deckers has a forward P/E of 18.
Should you cash in your profit on Deckers?
5. Netflix NFLX
Netflix has sunk in 2022. Shares are down 63% this year.
But even Netflix has joined in on the summer rally. Shares have jumped 21% in the last 3 months.
Netflix trades with a forward P/E of just 22.6.
Should you cash in your profit, or buy more, of Netflix as fall looms?
What Else Should You Know About Cashing in Your Summer Rally Profits?
Tune into this week’s podcast to find out.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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Disruptions in the supply chain have given semiconductors tremendous pricing power. That's why they present such a tremendous opportunity for investors.
And today, in a new free report, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most. It's yours free and with no obligation.
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Netflix, Inc. (NFLX): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
DICK'S Sporting Goods, Inc. (DKS): Free Stock Analysis Report
WilliamsSonoma, Inc. (WSM): 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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(29:15) - Episode Roundup: DECK, CROX, DKS, MSFT, AAPL, NFLX Podcast@Zacks.com Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. Deckers Outdoor Corp. DECK Deckers owns two of the hottest shoe brands: UGG and Hoka. But this summer, Deckers shares jumped 28%.
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(29:15) - Episode Roundup: DECK, CROX, DKS, MSFT, AAPL, NFLX Podcast@Zacks.com Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. Deckers Outdoor Corp. DECK Deckers owns two of the hottest shoe brands: UGG and Hoka. But this summer, Deckers shares jumped 28%.
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(29:15) - Episode Roundup: DECK, CROX, DKS, MSFT, AAPL, NFLX Podcast@Zacks.com Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. Deckers Outdoor Corp. DECK Deckers owns two of the hottest shoe brands: UGG and Hoka. But this summer, Deckers shares jumped 28%.
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(29:15) - Episode Roundup: DECK, CROX, DKS, MSFT, AAPL, NFLX Podcast@Zacks.com Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. Deckers Outdoor Corp. DECK Deckers owns two of the hottest shoe brands: UGG and Hoka. But this summer, Deckers shares jumped 28%.
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949db452-e61a-47c2-a708-59b7c77f2575
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724008.0
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2022-08-24 00:00:00 UTC
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Should You Sell the Summer Stock Rally?
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DECK
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https://www.nasdaq.com/articles/should-you-sell-the-summer-stock-rally
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nan
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nan
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(1:00) - Breaking Down The Overall Economy: What Exactly Is Going On?
(8:30) - The Reason Why We Aren’t Heading Into A Recession
(14:10) - Manufacturing Slow Downs Impact On The Economy
(20:30) - Should You Be Selling The Summer Rally?
(29:15) - Episode Roundup: DECK, CROX, DKS, MSFT, AAPL, NFLX
Podcast@Zacks.com
Welcome to Episode #327 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
This week, Tracey is joined by Zacks Chief Equity Strategist, John Blank, to talk about what is happening in the US economy and with the summer stock rally.
Is the rally the real deal or is it a fake-out bear market rally?
Should investors who have seen some of their stocks jump double digits in the last 3 months cash in their gains and move to the sidelines?
5 Summer Rally Winners: Should You Take Profits?
1. Williams-Sonoma Inc. WSM
Williams-Sonoma is one of the top furniture and home accessory retailers. In addition to Williams-Sonoma, it also owns the hot West Elm and Pottery Barn brands.
Williams-Sonoma shares have surged 52% in the last 3 months. They’re still cheap with a forward P/E of just 9.9.
It also pays a dividend yielding 2%.
Should you cash in your profits in Williams-Sonoma?
2. Crocs, Inc. CROX
Crocs continues to see strong demand but that didn’t stop the shares from falling this year.
Investors finally came in to buy the shares this summer, and now they’re up 37% over the last 3 months.
Crocs is still cheap, with a forward P/E of just 7.2 and a PEG ratio of just 0.5.
Is there more upside left in Crocs or should you move to the sidelines?
3. Dick’s Sporting Goods, Inc. DKS
Dick’s Sporting Goods recently reported earnings. It beat and raised full year guidance.
Shares were already rallying this summer, ahead of the earnings report. The result is that Dick’s Sporting Goods is up 43.4% over the last 3 months.
It’s cheap too with a forward P/E of 10.2. Dick’s also pays a dividend, yielding 1.8%.
Is it time to buy more of Dick’s?
4. Deckers Outdoor Corp. DECK
Deckers owns two of the hottest shoe brands: UGG and Hoka. But that didn’t prevent the shares from tumbling in 2022.
But this summer, Deckers shares jumped 28%.
It isn’t as cheap as the others. Deckers has a forward P/E of 18.
Should you cash in your profit on Deckers?
5. Netflix NFLX
Netflix has sunk in 2022. Shares are down 63% this year.
But even Netflix has joined in on the summer rally. Shares have jumped 21% in the last 3 months.
Netflix trades with a forward P/E of just 22.6.
Should you cash in your profit, or buy more, of Netflix as fall looms?
What Else Should You Know About Cashing in Your Summer Rally Profits?
Tune into this week’s podcast to find out.
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Netflix, Inc. (NFLX): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
DICK'S Sporting Goods, Inc. (DKS): Free Stock Analysis Report
WilliamsSonoma, Inc. (WSM): 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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(29:15) - Episode Roundup: DECK, CROX, DKS, MSFT, AAPL, NFLX Podcast@Zacks.com Welcome to Episode #327 of the Zacks Market Edge Podcast. Deckers Outdoor Corp. DECK Deckers owns two of the hottest shoe brands: UGG and Hoka. But this summer, Deckers shares jumped 28%.
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report (29:15) - Episode Roundup: DECK, CROX, DKS, MSFT, AAPL, NFLX Podcast@Zacks.com Welcome to Episode #327 of the Zacks Market Edge Podcast. Deckers Outdoor Corp. DECK Deckers owns two of the hottest shoe brands: UGG and Hoka.
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(29:15) - Episode Roundup: DECK, CROX, DKS, MSFT, AAPL, NFLX Podcast@Zacks.com Welcome to Episode #327 of the Zacks Market Edge Podcast. Deckers Outdoor Corp. DECK Deckers owns two of the hottest shoe brands: UGG and Hoka. But this summer, Deckers shares jumped 28%.
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(29:15) - Episode Roundup: DECK, CROX, DKS, MSFT, AAPL, NFLX Podcast@Zacks.com Welcome to Episode #327 of the Zacks Market Edge Podcast. Deckers Outdoor Corp. DECK Deckers owns two of the hottest shoe brands: UGG and Hoka. But this summer, Deckers shares jumped 28%.
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9db75cda-62a9-466d-b4ac-a6d10c9aa161
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724009.0
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2022-08-24 00:00:00 UTC
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Stock Splits: 7 Companies That Should Follow Tesla’s Lead
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DECK
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https://www.nasdaq.com/articles/stock-splits%3A-7-companies-that-should-follow-teslas-lead
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The best known of the upcoming stock splits is Tesla (NASDAQ:TSLA). It will split its stock today, Aug. 24, after the close of trading. The three-for-one split will reduce the electric vehicle maker’s share price to less than $300.
It will be Elon Musk’s second stock split since the beginning of the pandemic. Tesla stock split five-for-one in August 2020. This means that for every share you held in March 2020, you’ll now own 15.
Companies like Tesla split their stock, rationalizing that a lower share price makes it easier for retail investors to get on board. However, fractional shares make this argument nonsensical.
And yet, they continue to happen, despite this reality. So, the question is, when does it make sense to split a company’s shares?
I would argue that the best stock splits are those that have minimal share counts. After all, the more shares outstanding, the higher the liquidity. Some institutional investors can’t buy certain stocks because they have insufficient volume. Stock splits remedy this problem.
Based on this argument, I would like to see the following seven stock splits from seven different sectors. All of them have a share count of 50 million or less.
Ticker Company Price
CABO Cable One $1,243.84
DECK Deckers Outdoor $326.13
CASY Casey’s General Stores $217.14
FDS FactSet Research Systems $439.00
AYI Acuity Brands $178.60
OLED Universal Display $116.33
JLL Jones Lang LaSalle $175.68
Cable One (CABO)
Source: Andrey Sayfutdinov / Shutterstock.com
Shares Outstanding: 5.88 million
Market Capitalization: $7.35 billion
5-Year Cumulative Return: 68.69%
Cable One (NYSE:CABO) provides broadband services under the Sparklight brand to more than 1.1 million residential and commercial customers in 24 states.
In the second quarter, its revenues grew 6.8% to $429.1 million, while its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 6.7% to $227.5 million.
In September 2021, in an article, I recommended investors sell AT&T (NYSE:T) — it’s down 12% since then through Aug. 23 — and consider Cable One instead. Unfortunately, it’s done even worse, down 34%.
My rationale for Cable One was that it grew at a decent clip and historically outperformed AT&T stock. Further, Cable One was spun-off from Graham Holdings (NYSE:GHC) in July 2015. Graham Holdings Chairman Donald Graham still owns 8% of Cable One.
Trading at $1,250, a 10-for-1 split would bring its shares outstanding to more than 58 million while reducing its share price much closer to $100. The current median target price from analysts is $1,600, 28% higher than its current share price.
I liked its share price at $1,900. I can’t help but like it at $1,250, even without any stock splits.
Deckers Outdoor (DECK)
Source: BalkansCat / Shutterstock
Shares Outstanding: 26.53 million
Market Capitalization: $8.66 billion
5-Year Cumulative Return: 413.9%
In recent years, Deckers Outdoor (NYSE:DECK) has lost its reputation as a one-trick pony. No longer is it entirely dependent on its UGG brand to drive revenue and profits. It’s now got a one-two punch with Hoka One One running shoes a close second by revenue.
“Deckers acquired Hoka One One in April 2013. At the time, Hoka had annual revenue of approximately $3 million. Deckers’ management thought its yearly sales could get to $100 million someday,” I wrote on July 19.
“In fiscal 2022 (March 31 year-end), Hoka’s sales were $892 million, almost 9x its original target. By fiscal 2023, Decker’s will have two billion-dollar brands.”
In the company’s Q1 2023 results, Hoka went over $1 billion in revenue over the trailing 12 months. Its revenues were more than $120 million higher than UGG’s. Despite the margin contraction in the first quarter, Deckers still expects revenue of at least $3.45 billion and earnings per share of $17.50 in fiscal 2023.
DECK stock is down 25% over the past year. It now trades at 2.77x sales, its lowest valuation since 2019.
It’s a long-term buy.
Casey’s General Stores (CASY)
Source: Ken Wolter / Shutterstock.com
Shares Outstanding: 37.19 million
Market Capitalization: $8.08 billion
5-Year Cumulative Return: 106.47%
Thirteen analysts cover Casey’s General Stores (NASDAQ:CASY). Of those, eight rates it a buy, with a median target price of $235.
Casey’s operates more than 2,400 convenience stores in 16 Midwestern states. Founded in 1968 in Iowa, the company is opening new stores in towns with larger populations. It used to be that a majority of its stores were located in towns of 5,000 or less. Today, 25% have a population of 20,000 or more, and that percentage is growing.
Like many convenience stores that also sell gas, a significant portion of its revenues are from low-margin gas sales. In fiscal 2022, 64% of its $13.0 billion in sales were from gas, but only 34% of its $2.8 billion gross profit. However, its prepared foods business accounted for 9% of revenue and 26% of gross profit.
So, in 2022, its prepared foods gross profit was $728 million, or 62% of its $1.17 billion in revenue, compared to an 11.4% gross profit margin for its gas business ($952 million in gross profits divided by $8.32 billion revenue).
As a result of its commitment to prepared foods, Casey’s is the 5th-largest pizza chain in the U.S. In addition, it is working hard to grow Casey’s branded products. As of April 2022, it had 265 Casey’s products in its stores. It currently generates 5% of sales inside its stores from private labels. Its goal is to reach the industry average of 10% within two to three years.
I wouldn’t say that CASY stock is cheap. However, I would say if you buy at current prices, you’re getting growth at a reasonable price.
FactSet Research Systems (FDS)
Source: katjen/Shutterstock.com
Shares Outstanding: 37.98 million
Market Capitalization: $16.67 billion
5-Year Cumulative Return: 175.63%
Raymond James Financial (NYSE:RJF) recently appointed FactSet Research Systems (NASDAQ:FDS) as its primary market data and technology provider for its U.S. Private Client Group.
“Our collaboration with Raymond James is a clear example of how FactSet’s wealth management solutions give financial advisors the tools needed to drive productivity and efficiency with differentiated content and analytics through a modern and flexible interface,” said Goran Skoko, Executive Vice President, Head of Research and Advisory Solutions at FactSet.
As part of its relationship, FactSet has virtually rolled out 7,500 advanced wealth workstations to Raymond James advisors across the U.S. It’s a win/win business relationship.
These relationships have enabled it to grow revenues and adjusted earnings for 41 and 25 consecutive years, respectively. FactSet has increased its profits yearly since becoming a public company in June 1996.
So far in fiscal 2022, FactSet has increased revenues by 14.0% to $1.34 billion while boosting free cash flow by 8.4% to $350.97 million.
Acuity Brands (AYI)
Source: JHVEPhoto / Shutterstock.com
Shares Outstanding: 32.71 million
Market Capitalization: $5.84 billion
5-Year Cumulative Return: 1.05%
If a company is cursed, I would put Acuity Brands (NYSE:AYI) at the top of the list. Acuity is one of the largest providers of lighting solutions in North America. In August 2017, I included Acuity in an article recommending seven stocks to buy with a $2,000 start.
Since National Service Industries spun it off in December 2001, AYI stock has gained 1,478%. However, it’s been downhill since September 2016, when it hit an all-time high of over $275.
The argument can be made that the demand for its stock doesn’t merit any stock splits. The stock’s average daily volume is 268,000 shares, less than 1% of its public float.
Acuity reported healthy third-quarter 2022 results in late June that included an 18% increase in sales to $$1.1 billion and a 30% jump in EPS to $3.05, from $2.37 a year earlier. Both its operating segments — Acuity Brands Lighting and Lighting Controls (ABL) and Intelligent Spaces Group (ISG) — sales and profits in the quarter.
Equally important, it repurchased $405.1 million of its stock in the first nine months of fiscal 2022 at an average price of $176.13. At or below its current share price, management believes the shares are worth more.
The company’s CEO, Neil Ashe, joined Acuity in January 2020. Ashe was CEO of Walmart’s (NYSE:WMT) Global eCommerce & Technology unit from January 2012 through January 2017. He’s a highly accomplished executive reviving the company’s fortunes.
Its best days are still ahead of it.
Universal Display (OLED)
Source: Daniel Pieterson / Shutterstock.com
Shares Outstanding: 47.23 million
Market Capitalization: $5.48 billion
5-Year Cumulative Return: 4.42%
As with Acuity Brands, Universal Display (NASDAQ:OLED) has been in a significant slump in recent years.
It flatlined over those five years but not without much volatility thrown into the mix. On three occasions, OLED jumped over $200, only to fall below $150. The most recent example started in January 2021 before bottoming in June.
OLED manufactures organic light emitting diode (hence, the OLED ticker) materials and technologies. It sells OLED materials to manufacturers of mobile phones, televisions, tablets, and other display applications. The company also licenses its technology to those manufacturers. Universal Display has more than 5,500 global patents on this technology.
In Q2 2022, its material sales accounted for 53% of its $136.56 million in revenue; its royalty and license fees accounted for 44%, and its contract research services made up the remaining 3%.
Inflation bit into its margins in the quarter. Its gross margin on material sales was 65%, 600 basis points less than a year ago. However, due to the licensing revenues being nearly all profits, its operating margin in the quarter was 39%.
Trading its way out of recent weakness, now is an excellent time to buy, with or without any stock splits.
Jones Lang LaSalle (JLL)
Source: Marlon Trottmann / Shutterstock.com
Shares Outstanding: 47.92 million
Market Capitalization: $8.42 billion
5-Year Cumulative Return: 47.14%
The global real estate services company was hit hard by Covid-19. It generates significant revenue from its office leasing services. Demand for those services fell dramatically over the past two-and-a-half years.
However, that’s only a small piece of what Jones Lang LaSalle (NYSE:JLL) does to make money. It also helps investors and operators buy, sell, and finance real estate, provides property and facility management, offers project development services, consults businesses on workplace strategies, and provides real estate asset management.
In the second quarter, except for its LaSalle real estate asset management business, all five of its operating segments grew revenues by more than 20%, with decent increases in adjusted EBITDA.
The company’s revenue rose 21% in the quarter to $5.3 billion, with $2.1 billion from fees. Its adjusted EPS was $4.48 during the quarter, 9% higher than a year ago.
In the second quarter, JLL repurchased almost $300 million of its stock — up from $38 million a year earlier — at an average price of $212.96 a share. Its share price has fallen dramatically in the third quarter.
“The growth was broad-based across regions and concentrated in the office and industrial sectors,” stated CFO Karen Brennan in its Q2 2022 conference call. “Office sector fee revenue growth outpaced the global office market volume by approximately 500 basis points. Industrial factor fee revenue growth remained strong, up 37%.”
JLL currently trades at 0.43x sales, one of its lowest P/S multiples in the past decade. It will continue to experience some difficulties in office leasing, but long-term, this is a good entry point.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
The post Stock Splits: 7 Companies That Should Follow Tesla’s Lead appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Ticker Company Price CABO Cable One $1,243.84 DECK Deckers Outdoor $326.13 CASY Casey’s General Stores $217.14 FDS FactSet Research Systems $439.00 AYI Acuity Brands $178.60 OLED Universal Display $116.33 JLL Jones Lang LaSalle $175.68 Cable One (CABO) Source: Andrey Sayfutdinov / Shutterstock.com Shares Outstanding: 5.88 million Market Capitalization: $7.35 billion 5-Year Cumulative Return: 68.69% Cable One (NYSE:CABO) provides broadband services under the Sparklight brand to more than 1.1 million residential and commercial customers in 24 states. Deckers Outdoor (DECK) Source: BalkansCat / Shutterstock Shares Outstanding: 26.53 million Market Capitalization: $8.66 billion 5-Year Cumulative Return: 413.9% In recent years, Deckers Outdoor (NYSE:DECK) has lost its reputation as a one-trick pony. “Deckers acquired Hoka One One in April 2013.
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Ticker Company Price CABO Cable One $1,243.84 DECK Deckers Outdoor $326.13 CASY Casey’s General Stores $217.14 FDS FactSet Research Systems $439.00 AYI Acuity Brands $178.60 OLED Universal Display $116.33 JLL Jones Lang LaSalle $175.68 Cable One (CABO) Source: Andrey Sayfutdinov / Shutterstock.com Shares Outstanding: 5.88 million Market Capitalization: $7.35 billion 5-Year Cumulative Return: 68.69% Cable One (NYSE:CABO) provides broadband services under the Sparklight brand to more than 1.1 million residential and commercial customers in 24 states. Deckers Outdoor (DECK) Source: BalkansCat / Shutterstock Shares Outstanding: 26.53 million Market Capitalization: $8.66 billion 5-Year Cumulative Return: 413.9% In recent years, Deckers Outdoor (NYSE:DECK) has lost its reputation as a one-trick pony. “Deckers acquired Hoka One One in April 2013.
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Ticker Company Price CABO Cable One $1,243.84 DECK Deckers Outdoor $326.13 CASY Casey’s General Stores $217.14 FDS FactSet Research Systems $439.00 AYI Acuity Brands $178.60 OLED Universal Display $116.33 JLL Jones Lang LaSalle $175.68 Cable One (CABO) Source: Andrey Sayfutdinov / Shutterstock.com Shares Outstanding: 5.88 million Market Capitalization: $7.35 billion 5-Year Cumulative Return: 68.69% Cable One (NYSE:CABO) provides broadband services under the Sparklight brand to more than 1.1 million residential and commercial customers in 24 states. Deckers Outdoor (DECK) Source: BalkansCat / Shutterstock Shares Outstanding: 26.53 million Market Capitalization: $8.66 billion 5-Year Cumulative Return: 413.9% In recent years, Deckers Outdoor (NYSE:DECK) has lost its reputation as a one-trick pony. “Deckers acquired Hoka One One in April 2013.
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Ticker Company Price CABO Cable One $1,243.84 DECK Deckers Outdoor $326.13 CASY Casey’s General Stores $217.14 FDS FactSet Research Systems $439.00 AYI Acuity Brands $178.60 OLED Universal Display $116.33 JLL Jones Lang LaSalle $175.68 Cable One (CABO) Source: Andrey Sayfutdinov / Shutterstock.com Shares Outstanding: 5.88 million Market Capitalization: $7.35 billion 5-Year Cumulative Return: 68.69% Cable One (NYSE:CABO) provides broadband services under the Sparklight brand to more than 1.1 million residential and commercial customers in 24 states. Deckers Outdoor (DECK) Source: BalkansCat / Shutterstock Shares Outstanding: 26.53 million Market Capitalization: $8.66 billion 5-Year Cumulative Return: 413.9% In recent years, Deckers Outdoor (NYSE:DECK) has lost its reputation as a one-trick pony. “Deckers acquired Hoka One One in April 2013.
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07a1e5be-f7c8-4ebb-91f1-160c301aef9b
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724010.0
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2022-07-29 00:00:00 UTC
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Deckers Outdoor Breaks Above 200-Day Moving Average - Bullish for DECK
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-breaks-above-200-day-moving-average-bullish-for-deck
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nan
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nan
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In trading on Friday, shares of Deckers Outdoor Corp. (Symbol: DECK) crossed above their 200 day moving average of $310.77, changing hands as high as $317.19 per share. Deckers Outdoor Corp. shares are currently trading up about 9.4% on the day. The chart below shows the one year performance of DECK shares, versus its 200 day moving average:
Looking at the chart above, DECK's low point in its 52 week range is $212.93 per share, with $451.49 as the 52 week high point — that compares with a last trade of $311.63.
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shares of Deckers Outdoor Corp. (Symbol: DECK) crossed above their 200 day moving average of $310.77, changing hands as high as $317.19 per share. The chart below shows the one year performance of DECK shares, versus its 200 day moving average: Looking at the chart above, DECK's low point in its 52 week range is $212.93 per share, with $451.49 as the 52 week high point — that compares with a last trade of $311.63. Deckers Outdoor Corp. shares are currently trading up about 9.4% on the day.
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In trading on Friday, shares of Deckers Outdoor Corp. (Symbol: DECK) crossed above their 200 day moving average of $310.77, changing hands as high as $317.19 per share. The chart below shows the one year performance of DECK shares, versus its 200 day moving average: Looking at the chart above, DECK's low point in its 52 week range is $212.93 per share, with $451.49 as the 52 week high point — that compares with a last trade of $311.63. Deckers Outdoor Corp. shares are currently trading up about 9.4% on the day.
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In trading on Friday, shares of Deckers Outdoor Corp. (Symbol: DECK) crossed above their 200 day moving average of $310.77, changing hands as high as $317.19 per share. The chart below shows the one year performance of DECK shares, versus its 200 day moving average: Looking at the chart above, DECK's low point in its 52 week range is $212.93 per share, with $451.49 as the 52 week high point — that compares with a last trade of $311.63. Deckers Outdoor Corp. shares are currently trading up about 9.4% on the day.
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In trading on Friday, shares of Deckers Outdoor Corp. (Symbol: DECK) crossed above their 200 day moving average of $310.77, changing hands as high as $317.19 per share. Deckers Outdoor Corp. shares are currently trading up about 9.4% on the day. The chart below shows the one year performance of DECK shares, versus its 200 day moving average: Looking at the chart above, DECK's low point in its 52 week range is $212.93 per share, with $451.49 as the 52 week high point — that compares with a last trade of $311.63.
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739aff61-82ed-49d2-a775-4a1961c31359
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724011.0
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2022-07-29 00:00:00 UTC
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Deckers' (DECK) Q1 Earnings Beat, HOKA Brand a Key Driver
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DECK
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https://www.nasdaq.com/articles/deckers-deck-q1-earnings-beat-hoka-brand-a-key-driver
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nan
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nan
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Deckers Outdoor Corporation DECK reported better-than-expected first-quarter fiscal 2023 results. Strength in HOKA ONE ONE brand contributed to the company’s performance. While the top line grew year over year, the bottom line declined from the prior-year period.
Shares of this Zacks Rank #3 (Hold) company gained 5.1% during the after-market trading session on Jul 28. In the past three months, shares of Deckers have risen 5.2% against the industry’s decline of 10.2%.
Let’s Delve Deeper
Deckers posted quarterly earnings of $1.66 per share that comfortably surpassed the Zacks Consensus Estimate of $1.33. However, the reported figure decreased 2.9% from the year-ago earnings of $1.71 per share. Higher SG&A expenses and margin contraction hurt the bottom-line results.
Net sales of this Goleta, CA-based company rose 21.8% year over year to $614.5 million and outpaced the Zacks Consensus Estimate of $575.3 million. On a constant currency basis, net sales grew 23.5%. Top-line growth was driven by HOKA ONE ONE and Teva brands.
We note that gross margin contracted 360 basis points to 48% during the quarter, owing to higher freight costs and impacts from unfavorable foreign currency exchange rates. SG&A expenses climbed 20% year over year to $238.4 million. As a percentage of net sales, SG&A expenses decreased 60 basis points to 38.8%.
The company posted an operating income of $56.3 million, down from $61.8 million reported in the year-ago quarter. Again, the operating margin shrunk 310 basis points to 9.2%.
Deckers Outdoor Corporation Price, Consensus and EPS Surprise
Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote
Brand Wise Discussion
HOKA ONE ONE brand net sales surged 54.9% to $330 million and beat the Zacks Consensus Estimate of $287.7 million. UGG brand net sales declined 2.4% to $207.9 million, however, the number came ahead of the consensus mark of $206.7 million. Teva brand net sales increased 2% to $59.6 million and beat the consensus mark of $59.1 million.
Net sales for the Sanuk brand declined 5.9% to $14.2 million and fell short of the consensus estimate of $15 million. Net sales for the Other brands, mainly comprising Koolaburra, fell 45.3% to $2.7 million and came below the consensus mark of $5.3 million.
Other Financial Aspects
Cash and cash equivalents stood at $695.2 million as of Jun 30, 2022, compared with $956.7 million as of Jun 30, 2021. The company ended the quarter with total stockholders’ equity of $1,472.4 million. There were no outstanding borrowings.
During the quarter, the company repurchased about 384 thousand shares for $100 million. As of Jun 30, 2022, the company had $354 million remaining under its share repurchase authorization. The company’s board of directors approved an additional share repurchase authorization of $1.2 billion, which brings the total authorization to about $1.5 billion.
A Sneak Peek into Outlook
Deckers continues to envision fiscal 2023 net sales in the range of $3.45 billion to $3.50 billion. This suggests an increase from $3.150 billion reported in fiscal 2022.
The company now expects fiscal 2023 earnings in the band of $17.50-$18.35 per share, up from the prior estimate of $17.40-$18.25 per share. The current view compares favorably with earnings of $16.26 per share reported last fiscal.
Gross margin is anticipated to be approximately 51.5%. SG&A expenses, as a percentage of sales, are projected to be about 34%, with operating margin expected to be in the bracket of 17.5-18%.
3 Solid Picks
Here we have highlighted three better-ranked stocks, namely, Designer Brands DBI, G-III Apparel GIII and Capri Holdings CPRI.
Designer Brands designs, manufactures and retails footwear and accessories. The stock 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 Designer Brands’ current financial year revenues and EPS suggests growth of 6.9% and 16.5%, respectively, from the year-ago reported figure. DBI has a trailing four-quarter earnings surprise of 102.5%, on average.
G-III Apparel designs, sources and markets apparel and accessories under owned, licensed and private label brands. The stock currently flaunts a Zacks Rank #1.
The Zacks Consensus Estimate for G-III Apparel’s current financial year revenues and EPS suggests growth of 13.8% and 8.2%, respectively, from the year-ago reported figure. G-III Apparel has a trailing four-quarter earnings surprise of 97.5%, on average.
Capri Holdings, a global fashion luxury group consisting of iconic brands Versace, Jimmy Choo and Michael Kors, carries a Zacks Rank #2 (Buy). CPRI has an expected EPS growth rate of 11.3% for three-five years.
The Zacks Consensus Estimate for Capri Holdings’ current financial year sales and EPS suggests growth of 3% and 9.8%, respectively, from the year-ago period.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corporation DECK reported better-than-expected first-quarter fiscal 2023 results. In the past three months, shares of Deckers have risen 5.2% against the industry’s decline of 10.2%. Let’s Delve Deeper Deckers posted quarterly earnings of $1.66 per share that comfortably surpassed the Zacks Consensus Estimate of $1.33.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote Brand Wise Discussion HOKA ONE ONE brand net sales surged 54.9% to $330 million and beat the Zacks Consensus Estimate of $287.7 million. Deckers Outdoor Corporation DECK reported better-than-expected first-quarter fiscal 2023 results. In the past three months, shares of Deckers have risen 5.2% against the industry’s decline of 10.2%.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote Brand Wise Discussion HOKA ONE ONE brand net sales surged 54.9% to $330 million and beat the Zacks Consensus Estimate of $287.7 million. Deckers Outdoor Corporation DECK reported better-than-expected first-quarter fiscal 2023 results. In the past three months, shares of Deckers have risen 5.2% against the industry’s decline of 10.2%.
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Deckers Outdoor Corporation DECK reported better-than-expected first-quarter fiscal 2023 results. In the past three months, shares of Deckers have risen 5.2% against the industry’s decline of 10.2%. Let’s Delve Deeper Deckers posted quarterly earnings of $1.66 per share that comfortably surpassed the Zacks Consensus Estimate of $1.33.
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2022-07-28 00:00:00 UTC
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Deckers Outdoor (DECK) Q1 2023 Earnings Call Transcript
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-deck-q1-2023-earnings-call-transcript
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Image source: The Motley Fool.
Deckers Outdoor (NYSE: DECK)
Q1 2023 Earnings Call
Jul 28, 2022, 4:30 p.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good afternoon, and thank you for standing by. Welcome to the Deckers Brands first quarter fiscal 2023earnings conference call [Operator instructions] I would like to remind everyone that this conference call is being recorded. I'll now turn the call over to Erinn Kohler, VP, investor relations and corporate planning.
Please go ahead.
Erinn Kohler -- Vice President, Investor Relations and Corporate Planning
Hello, and thank you, everyone, for joining us today. On the call is Dave Powers, president and chief executive officer; and Steve Fasching, chief financial officer. Before we begin, I would like to remind everyone of the company's safe harbor policy. Please note that certain statements made on this call are forward-looking statements within the meaning of the federal securities laws, which are subject to considerable risks and uncertainties.
These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements made on this call today other than statements of historical fact are forward-looking statements and include statements regarding changes in consumer behavior, strength of our brands and demand for our products, changes to our product allocation, segmentation and distribution strategies, changes to our marketing plans and strategies, changes to our capital allocation strategies, the impact of the COVID-19 pandemic on our business and supply chain, our anticipated revenues, brand performance, product mix, gross margins, expenses, inventory and liquidity position, our potential repurchase of shares and the impact of the macroeconomic environment on our operations and financial conditions. Forward-looking statements made on this call represent management's current expectations and are based on information available at the time such statements are made. Forward-looking statements involve numerous known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from any results predicted, assumed or implied by the forward-looking statements.
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The company has explained some of these risks and uncertainties in its SEC filings, including in the Risk Factors section of its annual report on Form 10-K and quarterly reports on Form 10-Q. Except as required by law or the listing rules of the New York Stock Exchange, the company expressly disclaims any intent or obligation to update any forward-looking statements. With that, I'll now turn it over to Dave.
Dave Powers -- President and Chief Executive Officer
Thanks, Erinn. Good afternoon, everyone, and thank you for joining us today. I'm excited to dive into another quarter of exceptional results, which represent a strong start to fiscal year 2023 and further progress toward our long-term strategies. First quarter revenue increased 22% versus last year to $614 million, and we delivered earnings per share of $1.66.
Revenue growth was primarily driven by HOKA as the brand achieved its first ever $300 million quarter. With strong HOKA growth, we were able to deliver another profitable first quarter as we continue to reduce the historical seasonality of our portfolio through the expansion of year-round HOKA demand and further diversifying the UGG category mix. Importantly, our first quarter results demonstrated momentum behind our long-term vision: To build HOKA into a multibillion-dollar major player in the performance athletic space, further diversify the UGG brand's product, geographic and seasonal mix, grow our DTC business through consumer acquisition and retention, and drive international markets through strategic investments. We are making clear progress in each of these initiatives as during the first quarter, HOKA delivered global revenue of $330 million, an increase of 55% versus last year.
UGG products mix shifted into sandals away from seasonal fall styles. UGG regional mix shifted toward international regions as these markets drove year-over-year revenue growth. Global DTC across all brands grew 15% as a result of increasing consumer acquisition and retention by 13% and 28%, respectively. And revenue from international markets increased 36% versus last year, which includes earlier distributor shipments.
These highlights reflect the strength of Decker's marketplace management and omnichannel capabilities across our portfolio of exciting brands. Our disciplined approach to managing brands, markets and distribution channels continues to serve us well as we create the future of Deckers. While the macroeconomic environment is evolving quickly, I'm confident in the consumer demand of our brands and our team's ability to remain nimble and deliver on our goals in this dynamic environment. Steve will provide further details around our forward-looking expectations later in the call.
In the meantime, let's dive into the brand and channel performance for the first quarter of fiscal year 2023. Starting with the brand highlights. Global HOKA revenue for the first quarter increased 55% versus last year to $330 million. This is a significant achievement that resulted in HOKA Global revenue in the trailing 12 months ended June 30, breaking the $1 billion barrier, with much more growth ahead.
The HOKA brand's exceptional growth also delivered a new milestone for Deckers as a whole, with HOKA revenue representing more than 50% of total portfolio quarterly revenue for the first time. With its year on demand that utilizes infrastructure during off-peak UGG periods and full price selling at premium price points, the HOKA brand's growing scale is improving Decker's overall quarterly financial and operational performance. The HOKA brand's strong quarter featured outstanding revenue growth across the brand's far-reaching global ecosystem of access points, highlighted by international markets increasing 66% versus last year, led by the strength of the EMEA region, which was partially influenced by the timing of sell-in for our distributors as we strategically build new markets. U.S.
increasing 49% versus last year with DTC growth leading wholesale. Global DTC increasing 58% versus last year, driven by continued momentum with retained consumers as well as the continued acquisition of new consumers. And global wholesale increasing 53% versus last year as the brand increased market share at existing accounts and benefited from select doors added to strategic accounts. We are excited by the positive brand indicators and continued share gains that HOKA is building upon across its entire global distribution network.
A few highlights include: increasing market share within U.S. run specialty while commanding higher retail prices; focus styles accounting for at least half of the top 10 styles according to aggregated U.S.-run specialty store data; doubling revenue in France led by gains in Paris, which was our third fastest-growing European city during the quarter; and APAC driving the highest regional DTC growth rate, led by strength in both China and Japan as these countries benefited from stores aiding awareness with consumers. Across the globe, HOKA stores have continued to build excitement with the new audience and drive compelling levels of traffic and purchase activity. This is especially exciting in China, which has been a slow build as HOKA took some time to find its voice with the consumers local to the region.
With the refined visual merchandising strategy enhancing the consumer experience, our China stores are now driving higher conversion rates, and we're better equipped as we open additional locations in the region. In the U.S., the retail team continues to work toward opening the HOKA brand's first permanent location in New York City during the spring of calendar year 2023. This is an exciting endeavor as the HOKA store will feature an elevated design that is fit for our premier performance brand. In the meantime, HOKA is opening a second New York City pop-up location near Lincoln Center within the next month.
Our Chicago location, which was opened in the last three months, is seeing excellent traffic and driving strong conversion giving us even greater confidence in the consumer appetite for HOKA retail stores. We will take a disciplined approach to opening a limited number of doors, but we're excited about the opportunity to engage with the consumers in key cities around the world. Further on direct-to-consumer across global markets, HOKA continues to increase the number of acquired and retained consumers at remarkable levels compared to the prior year. During the quarter, DTC acquisition increased 48% and retention increased 58% versus last year, with gains among 18 to 34-year-old consumers far outpacing these increases.
This led to a 4-percentage-point increase in the mix of 18 to 34-year olds among individuals purchasing from HOKA.com. We are seeing incredible momentum behind HOKA as the brand continues to inspire humans to fly over the earth. The HOKA brand ethos is echoed through its new globally integrated marketing campaign dubbed FLY HUMAN FLY. This campaign was thoughtfully designed as an invitation for humans around the world to experience the HOKA ride.
As part of the campaign, HOKA launched the fifth edition of the Mach, which has quickly become a top five style for the brand, as well as a completely redesigned consumer website. The upgraded website features a brand-new aesthetic that elevates product presentation with greater technical detail and enhances the visibility of brand values and storytelling throughout the site. FLY HUMAN FLY has been live for just over a month now, and we have been very pleased with the consumer response and feedback from our wholesale partners. For the FLY HUMAN FLY landing page on HOKA.com, 83% of visitors were new, which aligns with the campaign's intent to reach a new audience.
We believe this campaign will have a significant impact on building awareness of HOKA as we expand the brand into a multibillion dollar major player in the performance space over the long term. Speaking of performance, I'd like to congratulate HOKA-sponsored athlete, Adam Peterman, for winning the 100-mile 2022 Western States race. This was an incredible feat for Adam, having this been his first time ever competing in a 100-mile race. He won while wearing the recently launched HOKA Speedgoat 5, which is a completely redesigned version of the brand's most popular trail shoe with less weight and enhanced traction with VIBRAM Megagrip to inspire confidence in any terrain.
Results like these emphasize that HOKA brand's leadership is a premier performance brand, enabling athletes to achieve peak levels of performance. Another congratulations to Adam and all the other athletes who competed in this year's HOKA-sponsored Western States 100. Moving to UGG. Global revenue in the quarter decreased 2% versus last year to $208 million.
UGG performance was driven by higher international wholesale and distributor sell-in that was offset by category shift dynamics impacting the brand's global direct-to-consumer business. The UGG brand's international regions continue to experience benefits from the marketplace allocation and segmentation strategies implemented to build brand heat and increased demand overseas. With core fall product limited in the marketplace, UGG was able to drive full price sell-through during the past holiday season and generate open-to-buy opportunities in the spring season, driving the quarter's results. UGG captured incremental market share with transition styles such as the Ultra MINI and Coquette, as well as the newly launched Sport Yeah sandal, all of which are driving sell-through.
Briefly touching on the category dynamics impacting UGG global DTC. Over the last couple of years, the Fluff franchise experienced increased relevance as consumers turn to UGG for comfortable and stylish hybrid slippers to wear in the home. Expecting shifts in consumer behavior toward outdoor wearing, the UGG product team continued to evolve the franchise with the introduction of more spring, summer and outdoor-ready styles, which included the Sport Yeah sandal. Sandals were a standout category for UGG during the quarter, showing the strong demand for the brand outside of the fall and winter time frame.
While successful in shifting consumer adoption from heritage fluff franchise styles into beach-ready styles, the lower average selling price in the sandal category created a revenue headwind relative to the exceptional volumes of Fluff that were sold during Q1 in the last two years. That said, the Fluff Yeah continues to be its top style among acquired and retained consumers including with 18 and 34-year-olds. Across our UGG global direct-to-consumer, even though revenue dollars are below last year due to these product mix shifts, demand for UGG remained robust as the brand experienced increases of 8% and 13% in acquired and retained consumers, respectively, versus the prior year. Importantly, international DTC acquisition and retention gains are trending well ahead of these global figures as we continue to build brand heat overseas.
Key styles driving new consumer acquisition globally include the aforementioned Fluff Yeah and Sport Yeah, as well as the Clem and Goldenstar fashion sandals and the Tasman franchise, which continues to be on fire. We are encouraged by the continued consumer interest and broader adoption of the UGG brand's diverse product assortment. Overall, the first quarter represented a solid start to the year for UGG. We believe UGG is well positioned to drive a successful fiscal year 2023.
And I'm even more excited for the brand's future after our recent announcement of Anne Spangenberg as the president of Fashion Lifestyle. Anne is a proven leader with meaningful experience building brands across our industry, most recently serving as Nike's Chief Merchant, and has already hit the ground running in the last few weeks as she begins to immerse herself with all things UGG and engage with our talented brand team and cross-functional business partners. In her new role, Anne will be building upon the strategic priorities for UGG focusing on product diversification, consumer adoption and franchise evolution across our omnichannel marketplace. I'd like to welcome Anne and thank the UGG team for the cross-functional collaboration and teamwork that enabled the brand to maintain a strong positioning in the market as we work to fill this role.
From a channel performance perspective, in the first quarter, Global Wholesale segment revenue, including distributors, was the primary driver of growth, increasing 25% versus last year. Strength in these channels resulted primarily from continuedglobal marketshare gains for HOKA as well as the benefits from added doors with strategic accounts. UGG also contributed to wholesale revenue gains based on the continued adoption of the brand's diverse product assortment among international regions, which continue to benefit from marketplace reset activities. On direct-to-consumer, global revenue for the first quarter increased 15% versus the prior year.
DTC growth was driven by significant increases in consumer acquisition and retention for the HOKA brand, which was partially offset by the category and seasonal dynamics unique to the UGG brand that I covered earlier in the call. Overall, our direct-to-consumer business continues to benefit from the HOKA brand's growing influence especially in quarters outside of historical peak selling periods for UGG. In the quarter just completed, HOKA represented 53% of DTC revenue, which is up from 39% last year and 27% two years ago. With nearly all of the HOKA brand's DTC business occurring through e-commerce, our most profitable channel, this brand shift dynamic is accretive to our bottom line.
With that, I'll hand the call over to Steve to provide further details on our first quarter financial results as well as our reaffirmed outlook on fiscal year 2023.
Steve Fasching -- Chief Financial Officer
Thanks, Dave, and good afternoon, everyone. As Dave just shared, our first quarter results demonstrated great progress toward the fiscal year guidance that we outlined in May. While we advanced a number of key initiatives for our business this quarter, HOKA was the primary driver of performance as the brand continues to buildglobal marketshare. UGG revenue came in slightly lower than last year, primarily due to category shifts occurring during the quarter as well as lapping earlier sell-in during the prior year.
But we feel the brand is well positioned to deliver another strong year and are excited for what lies ahead under Anne's leadership. With ongoing uncertainty and the macroecononic environment, we're continuing our disciplined and responsible approach to managing our business, and will remain Nimble to react to this dynamic environment. Our demand signals lead us to believe that our portfolio of brands will continue to resonate well with consumers. And though not immune to the macroeconomic headwinds, Deckers has historically demonstrated an ability to course correct when necessary.
We remain committed to our long-term strategies that have continued to serve us well and will build upon the strong operating model we have built over the last five years. Now, let's get into the details of our first quarter fiscal year 2023 results. First quarter fiscal 2023 revenue was $614 million, up 22% versus prior year. HOKA revenue increased 55% versus last year, accounting for nearly all of this quarter's revenue growth due to the exceptional demand experienced across the brand's global ecosystem of access points and improved inventory availability.
For the first time ever, HOKA represented more than 50% of total portfolio quarterly revenue. And over the last 12 months ended June 30, the brand has delivered over $1 billion of revenue. Gross margins for the quarter was 48%, which is down 360 basis points from last year's 51.6%. This aligned with our first half direction that anticipated headwinds from higher freight costs from ocean and air as well as impacts from unfavorable foreign currency exchange rates that we anticipate will pressure margins for the remainder of this year.
Additionally, first quarter gross margin was impacted by product mix and normalized promotional activity for UGG as the brand sold more sandals and discounted select styles in line with pre-pandemic activity, and channel mix shifting toward the wholesale and distributor segment, in particular, our international distributor business that shipped product earlier than in years past. These headwinds were partially offset from benefits from increased revenue mix of HOKA as the brand commanded the highest gross margin in the portfolio during Q1 and benefits from HOKA price increases. SG&A dollar spend in the first quarter was $238 million, which is up 20% from last year's $199 million. As a percentage of revenue, we delivered 60 basis points of leverage to help offset freight and FX impact to gross margin.
Our tax rate was 21.3%, which compares to 21.9% in the prior year. These results drove diluted earnings per share of $1.66 for the quarter, which was $0.05 below last year's $1.71 per share. Turning to our balance sheet. At June 30, 2022, we ended June with $695 million of cash and equivalents.
Inventory was $840 million, up 83% versus the same point in time last year, and important to note that last year's inventory levels were below normal operating levels as a result of supply chain disruption. And during the period, we had no outstanding borrowings. During the first quarter, we repurchased approximately $100 million worth of shares at an average share price of $260.12. As of June 30, 2022, the company had approximately $354 million remaining under its stock repurchase authorization.
Subsequent to quarter end, the board of directors approved an increase of $1.2 billion on top of the company's existing share repurchase authorization, which now, in total, represents more than 15% of our market capitalization, highlighting the board's confidence in our long-term strategic plan. Now, for supply chain update. Over the last several quarters, we've shared an update on the status of our logistics network and our continued mitigation efforts as we navigate macro supply chain disruption. We are pleased that there have been relative improvement in this area in Q1, but I will share some brief thoughts before I touch on our fiscal year 2023 outlook.
Transit times have improved relative to last year, but we are still experiencing latency and lower visibility into the timing of inventory with nearly 40% in transit and thus are continuing to prioritize holding inventory in the country of sale. For example, during the first quarter, inventory generally arrived earlier than anticipated. As a result, we shipped more product out. However, with low visibility into when certain shipments will arrive, we are comfortable holding higher levels of inventory to enable our brands to meet the significant marketplace demand we are seeing.
Though difficult to predict the timing of when inventory will land, we expect that heightened inventory levels will continue throughout this fiscal year. On the cost front, we are confident that the price increases implemented in the HOKA and UGG brands will offset freight headwinds and help bolster second half margins to deliver our full fiscal year 2023 guidance. Given the earlier arrival of inventory, we now expect to use less airfreight than originally anticipated for the HOKA brand. However, as the dollar has continued to strengthen, we are anticipating greater currency headwinds and this reduction in planned airfreight should help offset these currency pressures.
Now, turning to our guidance. And with these dynamics in mind, we are reaffirming our full fiscal year 2023 guidance which as a reminder includes: revenue growth of 10% to 11% versus last year; gross margin, 50 basis points higher than last year, anticipating approximately 51.5%; SG&A at approximately 34% of revenue; and operating margin in the range of 17.5% to 18%; a tax rate in the range of 22% to 23%; and with the share repurchase executed during the first quarter just completed, diluted earnings per share will now be expected to be in the range of $17.50 to $18.35 reflecting a $0.10 increase. While we have maintained our overall guidance, I'd like to highlight a few additional items contemplated within the guidance, which include stronger HOKA revenue growth now expected to increase in the 40% range versus last year, reflecting upside from greater inventory availability, which aligns to our expectation of using less air freight than originally anticipated and incremental foreign currency headwinds primarily affecting UGG growth due to the brand's wholesale business model and concentration of planned growth from the international regions. This reaffirmation of guidance excludes any charges that may be considered onetime in nature and does not contemplate any impact from additional share repurchases.
Additionally, our guidance assumes no meaningful deterioration of current risks and uncertainties, which include, but are not limited to: further impacts of the ongoing COVID-19 pandemic on our operations and economic conditions, including supply chain disruptions, constraints and related expenses, labor shortages, inflationary pressures, changes in consumer confidence and recessionary pressures, further strengthening of the U.S. dollar and geopolitical tensions. While macroeconomic uncertainty persists, we believe in the power of our brands and continue to see positive signs of consumer demand. Deckers has a history of remaining nimble, displaying a unique ability to react as marketplace dynamics evolve and we are well positioned to deliver compelling revenue growth and top-tier operating margins.
Thanks, everyone. I'll now hand the call back to Dave for his final remarks.
Dave Powers -- President and Chief Executive Officer
Thanks, Steve. We are quite pleased with the start to fiscal year 2023 as our portfolio drove revenue growth above 20% in the first quarter, and our organization continued to make progress against key strategic initiatives. I want to congratulate the entire HOKA team and all of the shared service individuals that support the brand on reaching the $1 billion revenue milestone. This is a huge feat for HOKA, but also for Deckers as a whole, to have a second brand in our portfolio to reach this significant point of scale.
The exciting part for our company is that we believe HOKA has much more growth ahead as the brand stays laser-focused on its strategic expansion plan. The brand's FLY HUMAN FLY campaign is just the beginning of our journey to build awareness and broaden the consumer aperture for HOKA. From a talent perspective, we are fortunate to have bolstered our executive leadership team with the recent promotion of Angela Ogbechie to chief supply chain officer, and the hiring of Anne Spangenberg as president of Fashion Lifestyle. I'm excited to be working closely with both of these experienced leaders and look forward to their contributions that are sure to further enhance Decker's workplace culture and drive success against our long-term strategic initiatives.
I'd also like to thank our executive leadership team and all of our employees for remaining flexible and staying focused on our goals while managing through transition. With our strong portfolio of brands, dedicated employees and disciplined management of the business, I don't think I've ever been this excited for the opportunities ahead for Deckers. And I view the board of directors recently approved increase to our share repurchase authorization, which in total now represents more than 15% of Decker's current market capitalization as an impressive vote of confidence in our company, brands, people and strategic plan for the future of our organization. A big thank you to all of our stakeholders for your continued support.
And with that, I'll turn the call over to the operator for Q&A. Operator?
Questions & Answers:
Operator
Thank you. [Operator instructions] The first question comes from Jonathan Komp with Robert W. Baird. Please go ahead.
Jon Komp -- Robert W. Baird and Company -- Analyst
Thank you. Good afternoon. I want to ask just first on the UGG brand. Curious to maybe get your thoughts on just the overall health of the UGG brand in the marketplace.
Maybe this is more of a domestic question, but just levels of inventory, comfort with orders that you may have with your wholesale partners, and just overall thoughts on how you expect UGG to fare in the current environment?
Dave Powers -- President and Chief Executive Officer
Yeah, this is Dave. I can answer the beginning of that. We're pleased with how UGG is performing. It's down a little bit for the quarter as expected, and that's largely due to us trying to lap the Fluff Yeah business from last year.
So you can attribute pretty much all of the miss or the decline versus last year, I should say, to the Fluff franchise. And we've made up some ground on that with Sport Yeah and some of the other classic slippers, which are doing well, but Sport Yeah at a lower price point. So as an example, on our e-commerce website in the U.S., sales were down for UGG brand, but units were up. So it's a quarterly dynamic.
We're working through the tail end of the Fluff business, but the core business across the globe is still strong and healthy. Our order book is strong and healthy. And we feel that our chances are good in the rest of the year. We certainly have inventory in place to do that.
And Steve can talk a little bit more about the inventory. But the good news is we have inventory here. It's here earlier, and we're able to get it to our accounts earlier. So the setup, from a brand perspective going into the back half of the year, is still looking good.
But we're being a little bit cautious here because it's still early in the year, and there's a lot of concerns about over inventory in the channel and the consumer. But as far as the brand health goes globally, we're still seeing very positive signs. Order books are still looking healthy, and we have inventory should the business be there to be after.
Steve Fasching -- Chief Financial Officer
Yes. I think, Jon, just to add on to that, as Dave said. Order book is holding up. We're seeing strong demand for the brand.
So we feel good about that. As we said on inventory, we were going to bring inventory in earlier this year. So kind of on message, we're delivering on that. That is contributing to an increase in our inventory levels, which, again, just remind to everybody at last year's levels were unusually low and below normal operating levels.
So I feel OK with the inventory where it stands. That will continue to build, but we're well positioned from that standpoint to fulfill the orders that we have, and we're continuing to see consumer response to it. So still very positive on how UGG is performing and the outlook. And then just to remind everybody, we're coming off two strong years of UGG growth.
And as we said, well documented through last year, it was replenishing depleted levels of inventory in the channel. So we're comping strong growth as well as replenishing inventory and feel comfortable about that.
Jon Komp -- Robert W. Baird and Company -- Analyst
Yeah, great. And then maybe just one separate question on HOKA. Dave, I think you mentioned broadening the aperture of the brand. And I wanted to just follow up and get your thoughts maybe both near term, any specific initiatives.
And then longer term, what are your views of that comment and the opportunity for HOKA that you see today?
Dave Powers -- President and Chief Executive Officer
Yeah, it's really related to two things. One is just expanding the reach of the product to reach new consumers and then also expanding our reach internationally, particularly in China. But this is, at its core, a running brand, and we have incredible authenticity and are a very important brand in that space, and we'll maintain that authenticity as we go forward. Hence, the Western states and the UTMB and the Iron Man championships.
That is the core of this brand and always will be. But we obviously see expanded opportunity in trail, in hike, and then in walking and also lifestyle. So we are well aware of the fact that there's a broad base of consumers that are purchasing the HOKA brand across age groups, demographics and end use. And so with the new FLY HUMAN FLY campaign that we launched, reestablishing our authenticity in Ultra Sports with the events that I mentioned.
And at the same time, speaking to a broader-based consumer that is into the brand for a lifestyle perspective or walking perspective or just overall comfort. So we welcome all those consumers. We consider them athletes. They're on their feet all the day and they need performance footwear.
And we're working on ways to establish more communication and engagement with those folks while staying true to the authenticity of the brand. And that's more on a product standpoint. We're not necessarily opening up new distribution to go after those consumers. We're pleased with the business in DICK's, but we're in less than 20% of their stores, just starting to go into Foot Locker and opening more stores globally, particularly in China, where we're seeing a broad base of consumers coming into our stores and on our websites really loving the brand.
But what's also incredibly exciting on the lower age spectrum is 18- to 34-year olds, they're increasingly purchasing the HOKA brand. We're starting to hear comments about people are trading their all white Nikes for all white HOKAs. And so that's very encouraging for us as well. And we have a lot of optimism going into the account -- of Foot Locker account to see what we can do with the younger consumer there too.
Jon Komp -- Robert W. Baird and Company -- Analyst
That's great color. Thanks, again.
Dave Powers -- President and Chief Executive Officer
Great. Thanks, Jon.
Steve Fasching -- Chief Financial Officer
Thank you.
Operator
The next question comes from Sam Poser with Williams Trading. Please go ahead.
Sam Poser -- Williams Trading -- Analyst
Good afternoon. Thanks for taking my question. Well, I'm just going to do my normal question. Can you give us -- you sort of talked a little bit about it on earlier, but can you give us wholesale revenue by category or brand, please?
Erinn Kohler -- Vice President, Investor Relations and Corporate Planning
Sam, sure, this is Erinn. So wholesale distributor net sales, I'll give you just that component by brand. So for UGG, that was $138 million. HOKA, $232 million.
Teva, $47 million. Sanuk, $11 million. And then all other which includes Koolaburra at $2 million. So that gets you to your total wholesale distributor of $429 million.
Sam Poser -- Williams Trading -- Analyst
Thank you very much. Then you -- a couple -- two more. You lost a bunch of sales in UGG, even though you had a good quarter in the third quarter of last year. How are you seeing the third quarter of this year now that your inventory is flowing better? And then with HOKA, you're doing $330 million, can you give us some idea of the cadence to get to the 40% increase that you're thinking about? Because $330 million is well above any quarter you've ever had.
And is that a new normal or what -- how should we think about the flow of revenue there to get to the 40%?
Dave Powers -- President and Chief Executive Officer
Yeah, so I'll start with UGG, and then I'll let Steve tackle the HOKA question. So we're optimistic about UGG in Q3. As you said, we were light on inventory last year. We potentially missed some sales last year.
And the good news is that we have inventory, obviously, in the channel earlier and we have more inventory coming. So from an inventory standpoint, I think we're going to be in very good shape for Q3. There's just a lot of questions out there still on the consumer, level of promotions, etc. We're not -- we've been the last couple of years for UGG in Q3, we've been very, very clean, minimal promotions, tight on inventory.
We see a little bit of return to a normalized season, but we're not expecting or modeling in heavy promotional activity at this point. We want to protect the health of the brand and not chase top line because we think we can make up a lot of revenue if we need to on the year with HOKA. But as far as how the setup looks, we're in inventory position. We have exciting new product launches in the UGG brand that we think are going to resonate very well.
And we have a new campaign, a holiday campaign that we're working on right now. So as far as tackling the opportunity, we're in good shape. I think the question is the macroeconomic environment globally and what that's going to do to not necessarily just the brand but the wholesale partners who are tight on inventory as well or heavy on inventory in general.
Steve Fasching -- Chief Financial Officer
Yeah. Then, Sam, on the HOKA question, what we said and kind of indicated in a strong quarter 1 performance, where we ship more product was increased availability of inventory in June, and that was largely driven by HOKA. And so that gave us an opportunity to ship product more than what we kind of anticipated could happen with the availability of inventory. That was largely Hoka driven, right? And so I think what you're seeing in the quarter is our ability to get that product into the market a little bit sooner than what we expected, which is always encouraging, and we'll closely watch the sell-through.
But that's what's driving some of this timing issue. And it's, again, going back to why we're not giving quarterly guidance, we're just seeing timing shifting between quarters. And so it's very difficult with what we're dealing with to kind of precisely show when things are going to go. But when we have an opportunity to move product out a little bit earlier than what we anticipated, we're going to take full advantage of it.
And that's really what you've seen with HOKA in this quarter.
Sam Poser -- Williams Trading -- Analyst
One last thing. Do you expect the DTC business to outgrow wholesale this year given sort of the some of the maneuvers at the end of last year in the wholesale shipments?
Steve Fasching -- Chief Financial Officer
Yes. I think right now, the way we're kind of looking at things is equivalent between those channels. So still early, and we'll see. But right now, the way we're looking at it is kind of equivalent.
Sam Poser -- Williams Trading -- Analyst
Thank you and continued success.
Dave Powers -- President and Chief Executive Officer
Thanks, Sam.
Operator
The next question comes from Laurent Vasilescu with Exane BNP Paribas. Please go ahead.
Laurent Vasilescu -- Exane BNP Paribas -- Analyst
Good afternoon. Thank you very much for taking my question. I wanted to follow up on HOKA on the global marketing campaign. Dave, were there any key learnings you could share with us from that campaign? And can you remind us, I think in the 10-K for fiscal year '22, marketing was about 8% of sales, meaningfully up over from like a few years you got 5%, which is great to see.
Steve, where do you think marketing goes for this fiscal year? And can you maybe talk a little bit about the nuances to spread maybe in terms of marketing spend as a percentage of sales between the two big brands?
Dave Powers -- President and Chief Executive Officer
Yeah, I'll talk a little bit about HOKA. This is the first global campaign that the brand has ever done. So we felt it's important to refresh the messaging and the communication from the brand. And we've obviously evolved our thinking as to what this brand can be for folks globally.
And we've been on a track of inspiring athletes all around the world of all types to get active and be there for them. And so this is a way for us to bring all the different product launches that we go through, whether it's a Clifton or a Bondi, Speedgoat to have a little bit more consistency and the look and feel of the campaign to have a consistent tone of voice and to be more consistent with global consumers around the globe. So we're very pleased with how it's been received. We're getting very positive feedback from our wholesale partners.
We're getting very positive KPIs on our website. The amount of new visitors for the quarter was up tremendously and very healthy for us as you see in some of the retention and acquisition figures are all heading in the right direction. And we think this is a foundation and a story that we can continue to build on head to toe and build real power and an aspirational positioning for the brand. So so far, so good.
I think we need to add in a little bit more grittiness, if that's the right word into the campaign and pull off some of the great performances and athletes in the UTMB and Western states and Iron Man and leverage those influencers a little bit more in the campaign. But we feel the platform is right. The redesign of the website has proven to be very successful so far, our landing page spend time and dwell time and conversion rates are up. And so we're very pleased.
But it's very -- it's the beginning of a long journey with this campaign. But so far, we're seeing great adoption globally and positive reaction from consumers and wholesale accounts.
Steve Fasching -- Chief Financial Officer
Yeah. And Laurent, this is Steve. Just on the marketing spend, we -- over the past few years, we have been increasing marketing spend. As it relates to brands, we spend more in marketing on a proportional basis to sales on HOKA than we do other brands.
And that is part of what's driving our overall marketing increase and marketing as a percent of revenue increase. What we're seeing, as Dave just articulated, is great productivity with our marketing spend and what's contributing to building brand awareness. As we talked about quite a bit, HOKA brand awareness is still relatively low in comparison to other brands. And so with the marketing spend, with the campaigns that we're launching, we're seeing great productivity in how that's driving consumer awareness of the brand and building brand awareness.
So it's a lever that we're using very efficiently and productively, and we'll continue to do that. And as you've seen with the global campaign. And as Dave said, we'll continue to refine and continue to build awareness through those campaigns.
Laurent Vasilescu -- Exane BNP Paribas -- Analyst
That's great. Great to hear. And then as a follow-up question, I think you mentioned in a few remarks, Dave, on Foot Locker, maybe you can give a little more granularity on what type of consumer you're seeing there? What's the response? And then, Steve, I think in your 10-K, you signed another lease for a pretty significant distribution center that should be up and running over the next year or two followed by the Indiana distribution center last year. Can you just maybe kind of frame up the need for that? Is that to really focus on the multibillion dollar target for HOKA? Is there a channel effort there between wholesale and DTC? Any color on that would be very helpful.
Thank you.
Dave Powers -- President and Chief Executive Officer
Sure. I'll tackle Foot Locker first. So we're -- it's early days. We just put the product in Foot Locker.
It's in a handful of positioned stores that we feel are right for the consumer going after, which is younger more athletic minded, but still fashion-minded consumer in stores that we think the Foot Locker Group can represent the brand positively. And then we're online with some styles as well. So too early to share any results, but I will say that we're pleased with how the launch has gone. We're pleased with the feedback we're getting from Foot Locker.
As I mentioned, we're seeing younger consumers more increasingly adopt the brand. So we feel good about it long term. So far, so good at the launch. We're going to take our time and maintain the discipline that we always have with expanding distribution, much as like we've done with DICK'S.
But both of those are strategic in reaching consumers where they want to shop, in environments that can showcase the brand in a positive way, and they're both doing that. And we're going to continue to monitor and see how things go. But there's no major plans to drastically increase door count. We're still in less than 20% of DICK'S stores.
And you can see the results we're getting through our own DTC channels. So very healthy right now and we'll continue to monitor these and trickle out distribution.
Steve Fasching -- Chief Financial Officer
Yeah. And just on the distribution centers, Laurent, we are, as you mentioned, expanding our presence and space available. That is in part to handle the growth that we anticipate with the business and specifically kind of help handle the additional growth in the HOKA business. We do have levers as well.
So there -- we have other arrangements and 3PLs that we can change distribution patterns. But -- so we have our main facility in Moreno Valley. We're increasing space in the Midwest as you mentioned. We also have some distribution through 3PLs on the East Coast that we can also look at.
So it's helping us plan for the future. We know these things take time. What I would also say is we're introducing more automation. And so a big part of what we're developing in the Midwest is an increased automated fulfillment center.
So being able to be efficient as we get those up and running efficiently. So more to come on that, but that's how we're looking at that.
Laurent Vasilescu -- Exane BNP Paribas -- Analyst
That's just great to hear. Thank you very much for taking my questions.
Steve Fasching -- Chief Financial Officer
Right.
Dave Powers -- President and Chief Executive Officer
Thank you.
Operator
The next question comes from Jim Duffy with Stifel. Please go ahead.
Jim Duffy -- Stifel Financial Corp. -- Analyst
Thank you. Good afternoon. Really nice results, guys.
Dave Powers -- President and Chief Executive Officer
Hey, Jim.
Jim Duffy -- Stifel Financial Corp. -- Analyst
I wanted to ask about the state of wholesale channel inventories in the specialty running channel. HOKA has clearly been a share gainer, but the category has been very strong. Do you feel HOKA's caught up on having inventory and equilibrium in that channel now? And then I'm curious if you're seeing any indications of moderating growth in the category and if that's catching some of the other brands wrong-footed on inventory?
Steve Fasching -- Chief Financial Officer
Yeah. Jim, this is Steve. Good question. We are watching that carefully.
And as you mentioned, we are growing our presence and inventory has increased. We are not at some inventory levels as some of the others, but our productivity is much higher than other brands. So run specialty is highly productive. I think we're probably the most productive brand in many of those outlets.
That's leaning to significant turnover of that inventory. So our ability to fulfill it. So I think, again, as inventory increases as we have more inventory available, we're going to continue to feed that channel. There's more opportunity, I think, and our teams believe that as well.
So we're going to continue to take advantage of that. And now especially with a better inventory position, we're better positioned to continue to go after that business.
Dave Powers -- President and Chief Executive Officer
Yeah. And I think also we're hearing a little bit that some of the run specialty accounts are full in general with not just HOKA inventory, but all their inventory. So there's a limited capacity to be able to bring in additional inventory, but as Steve said, the productivity of HOKA versus others is exceptional high retail, high margin, full price sales. But we have the inventory now and on the way to be able to manage that channel much better than we have in the last two years, and we're really in chase mode.
Jim Duffy -- Stifel Financial Corp. -- Analyst
Yeah, the brand indicators super encouraging, five of the top 10 styles, that's really impressive.
Steve Fasching -- Chief Financial Officer
Yeah.
Dave Powers -- President and Chief Executive Officer
And the other thing on that is we are working on more innovative launches. So we're going to bring innovation and new ideas to market faster. We're going to utilize that channel to do some test and learn along the way as well and get some new innovative products out faster utilizing DTC in the run specialty channel at the beginning of calendar year '23.
Jim Duffy -- Stifel Financial Corp. -- Analyst
Great. And Dave, I also wanted to ask about the addition of Anne Spangenberg. What's the particular skill set that Anne brings to you that makes her well suited to lead the fashion lifestyle division? And what are the areas you're most excited about her opportunities to have an impact?
Dave Powers -- President and Chief Executive Officer
Yeah. We are -- collectively, as ELT as a board and as an organization, very excited to have Anne join the company. She's been here now almost three weeks. She's hit the ground running.
She's been a fantastic addition to the ELT. I would say, first and foremost, she is the right kind of leader for Deckers. She's an inspirational leader. She's an epithetic leader.
She's got incredible experience over her years in Nike, all within merchandising and storytelling and brand building. She spent three years on the ground in China, redeveloping, repositioning that market, and oversaw just a massive business for Nike. And so the core talent that we love about Anne is she is an exceptional merchant, first and foremost. She understands and appreciates the product.
She understands how to bring product to market in a compelling way with head-to-toe storytelling. She knows footwear and apparel. And she's not from the fashion space, but we have a full team of people who are experts in that space. And what we're really looking for here is an inspirational leader who can get the best out of that team.
And at the same time, really editing and amplifying our storytelling, which is something a lot of people learned from Nike over the years. So we think just a combination of her leadership, her merchandising experience, the global execution that she was overseeing at Nike gives us great leadership for this brand and can unlock the true potential of this brand going beyond the $2 billion that it's at now.
Jim Duffy -- Stifel Financial Corp. -- Analyst
Very good. Thank you, guys.
Dave Powers -- President and Chief Executive Officer
Thank you.
Operator
The next question comes from John Kernan with Cowen. Please go ahead.
John Kernan -- Cowen and Company -- Analyst
Excellent. Thanks for taking my question. Congrats on another great quarter. Could you talk to price increases you realized in Q1 and what you're planning for the back half of the year and the impact to gross margin as you're planning? Thank you.
Steve Fasching -- Chief Financial Officer
Yeah, John, this is Steve. We haven't changed anything from what we've said previously. So we have introduced at the beginning of this calendar year, price increases related to HOKA. We're seeing that drive some of the gross margin improvement.
Clearly, that's being and has been offset with the higher freight. It's helping mitigate some of the pressures and we'll continue to face that really into the next quarter. What we've also said and haven't changed our stance on is price increases on related select product for UGG. That will really kick in, in our Q3.
Again, that was part of what we indicated on our initial guidance. So we haven't changed anything there. So no change in terms of how we're thinking about price increases. We're going to continue to monitor that, but our prices are pretty well set for the seasons and would be more a future opportunity, not anything we would expect in this year.
Dave Powers -- President and Chief Executive Officer
Yeah. I think for UGG specifically, we raised prices in about 30% of the line for Q3. So -- but in places where we think we can get it, and we've heard that from our wholesale partners that we can get that as well.
John Kernan -- Cowen and Company -- Analyst
Got it. Maybe just one quick follow-up. You mentioned specialty running being a little bit full on the wholesale side of things for HOKA. Anything else you -- any other detail you can give as it relates to the wholesale channel for both UGG and HOKA.
We have heard some updates from some of your peers in the sector, and it does sound like there's some caution building in that wholesale channel.
Dave Powers -- President and Chief Executive Officer
Yeah. I mean, from what I'm hearing, I wouldn't necessarily say it's caution, but I think wholesalers are filling up on inventory. They've been light for many of their key brands over the last couple of years, and they're filling up and logistics is still a challenge for brands and wholesalers. Space is becoming a challenge.
And so we're hearing a little bit about that out there in the marketplace, which is why we think it's good that we got inventory in early, and we were able to get inventory into the channel to capture that space. So I think it's going to be a dynamic this year that wholesale is going to have to work through as they try to fill up their inventories and get back in the right position heading into the rest of the year. So we don't see it really affecting our business yet. Demand is still strong.
Brand health is still strong. We're not hearing about crazy cancellations or anything. It's pretty normalized. So we still feel good about our chances, but that is a dynamic that we're hearing about.
John Kernan -- Cowen and Company -- Analyst
Understood. Thank you.
Dave Powers -- President and Chief Executive Officer
All right. Thanks, John.
Steve Fasching -- Chief Financial Officer
Thanks, John.
Operator
The next question comes from Paul Lejuez with Citi Research. Please go ahead.
Paul Lejuez -- Citi -- Analyst
Hey. Thanks, guys. Curious if maybe you could talk a little bit more about the trends that you saw in the DTC side of the business for each of the brands as you kind of progressed throughout the quarter. If things kind of held steady throughout, or if you saw sort of ups and downs in the business on the DTC side or maybe a deterioration as you moved along, again, both for UGG and HOKA.
And curious if you can just talk about the inventory a little bit more. I think you mentioned your -- you had a high percentage of goods in transit. Just curious what the comparison was versus a year ago? And what inventory looks like in terms of units on hand versus last year? Thanks.
Dave Powers -- President and Chief Executive Officer
Yeah. So I'll talk about e-commerce a little bit. As you saw from the HOKA results, a very healthy quarter for UGG. We did see a lift with the new campaign and the launch when that kicked in.
And so that helped in the back half of the quarter, created a little more excitement, a little more awareness. The first time visitors, it was in the 70% range. And so a very healthy business that continues to be repeat purchasers, new consumers, younger consumers coming to the site, better KPIs, as I mentioned, on the landing pages and conversion on those pages. So that's really good.
And it's broad-based. It's across all categories. It's not really a standout among the group. It's just the whole brand is seeing that level of interest and adoption.
Within UGG, the real challenge for DTC, as I mentioned, is within the slipper category. And it's a combination of the Fluff business slowing down dramatically from where it was a year ago, still aided by the pandemic. So that's slowed down, but we've made up some ground with the Sport Yeahs but it's at a lower price point. So as I mentioned, revenue in DTC was down or e-commerce was down for UGG, but units were up.
So I think, as I said, it's a point in time dynamic. I still think the core business -- I know this core business is still strong, heritage slippers is still strong and men's still strong. A little softness in kids, but that was also Fluff related. Aside from that, the brand is still performing on expectation in the categories that we need it to.
And as I said, as we get into Q2 and Q3, the Fluff dynamic will be behind us and it will be a more normalized business.
Steve Fasching -- Chief Financial Officer
And then, Paul, just a little bit on the inventory. In terms of the in-transit, percentage-wise, we're a little bit better but on a higher dollar amount. So we have higher dollar amount still in transit. I think that's important to note.
And then embedded in that inventory this year versus last year is about $70 million more of additional freight as rates increased throughout last year. So we're dealing with a significant amount more of freight embedded in those higher inventory values as well. And then the other, with large percentage increase related to HOKA as we're ramping the HOKA inventory to support the growth in that business, that's contributing to the higher inventory balance. And just to remind everyone, the average price on HOKA is greater than the average.
So that's contributing to a lift as well.
Paul Lejuez -- Citi -- Analyst
Did you say -- did you give a breakdown of HOKA versus UGG inventory?
Steve Fasching -- Chief Financial Officer
No, we don't.
Paul Lejuez -- Citi -- Analyst
Thanks, guys. Good luck.
Steve Fasching -- Chief Financial Officer
All right.
Dave Powers -- President and Chief Executive Officer
Thank you.
Operator
The next question comes from Jay Sole, and this will be the last question. He's with UBS. Please go ahead.
Jay Sole -- UBS -- Analyst
Great. Thank you for taking my question. You gave a bunch of the key factors that impacted the gross margin in the quarter. Is it possible to give us a little bit more detail around how much the supply chain costs affected the gross margin in basis points? And then on the supply chain, you mentioned you're starting to see some improvement.
Can you give us a sense of how much it's improved and what kind of visibility you have into the trajectory of those challenges maybe getting easier as we go through the fiscal year?
Steve Fasching -- Chief Financial Officer
Yeah. Sure, Jay. So this is Steve. So of the 360-basis-point decline versus last year in the quarter, roughly 260 of it is increased freight.
So that's related to both ocean and air because we did use some air in Q1, which a year ago we didn't. We didn't start using air freight last year until later in the year. So that will be where we're going to have some headwinds in the first half of the year versus tailwinds when you get into the latter part of the year. So roughly 260 on freight.
There's about 50 basis points related to FX. And then everything else were kind of all the other things that we stated. Yeah, and just to remind you, the freight, again, as we talk about, is inclusive of air and ocean. And then the second part of your question was?
Jay Sole -- UBS -- Analyst
Just on the supply chain, you said some improvements like, yeah, how do you think it trends from here?
Steve Fasching -- Chief Financial Officer
Yeah, so what we're seeing and this is what's contributed to the strong first quarter, we have seen an improvement, as we mentioned in the prepared remarks. So product is flowing in a little bit sooner than what we anticipated. So we're seeing things flow. The visibility is still limited, as I mentioned in the prepared remarks, too.
So we're still trying to get better gauges on arrival of inventory. Good news is on the West Coast, port labor negotiations that's still ongoing. So we haven't seen disruption related to that. But again, still ongoing.
So we'll keep a close eye on that. So again, seeing inventory come in better, which is good. It gives us an ability, like we demonstrated in the quarter with June and with HOKA, an ability to move it out and be in a better position than we were a year ago in order to kind of meet some of the demand. So we'll see how things go.
We're continuing to work on that, continuing to look at ways to improve, but encouraged by some of the improvements that we have seen but continuing to look for further improvement.
Jay Sole -- UBS -- Analyst
Got it. OK, thank you so much.
Operator
[Operator signoff]
Duration: 0 minutes
Call participants:
Erinn Kohler -- Vice President, Investor Relations and Corporate Planning
Dave Powers -- President and Chief Executive Officer
Steve Fasching -- Chief Financial Officer
Jon Komp -- Robert W. Baird and Company -- Analyst
Sam Poser -- Williams Trading -- Analyst
Laurent Vasilescu -- Exane BNP Paribas -- Analyst
Jim Duffy -- Stifel Financial Corp. -- Analyst
John Kernan -- Cowen and Company -- Analyst
Paul Lejuez -- Citi -- Analyst
Jay Sole -- UBS -- Analyst
More DECK analysis
All earnings call transcripts
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
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And I view the board of directors recently approved increase to our share repurchase authorization, which in total now represents more than 15% of Decker's current market capitalization as an impressive vote of confidence in our company, brands, people and strategic plan for the future of our organization. Deckers Outdoor (NYSE: DECK) Q1 2023 Earnings Call Jul 28, 2022, 4:30 p.m. Welcome to the Deckers Brands first quarter fiscal 2023earnings conference call [Operator instructions] I would like to remind everyone that this conference call is being recorded.
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Operator [Operator signoff] Duration: 0 minutes Call participants: Erinn Kohler -- Vice President, Investor Relations and Corporate Planning Dave Powers -- President and Chief Executive Officer Steve Fasching -- Chief Financial Officer Jon Komp -- Robert W. Baird and Company -- Analyst Sam Poser -- Williams Trading -- Analyst Laurent Vasilescu -- Exane BNP Paribas -- Analyst Jim Duffy -- Stifel Financial Corp. -- Analyst John Kernan -- Cowen and Company -- Analyst Paul Lejuez -- Citi -- Analyst Jay Sole -- UBS -- Analyst More DECK analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor (NYSE: DECK) Q1 2023 Earnings Call Jul 28, 2022, 4:30 p.m. Welcome to the Deckers Brands first quarter fiscal 2023earnings conference call [Operator instructions] I would like to remind everyone that this conference call is being recorded.
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Operator [Operator signoff] Duration: 0 minutes Call participants: Erinn Kohler -- Vice President, Investor Relations and Corporate Planning Dave Powers -- President and Chief Executive Officer Steve Fasching -- Chief Financial Officer Jon Komp -- Robert W. Baird and Company -- Analyst Sam Poser -- Williams Trading -- Analyst Laurent Vasilescu -- Exane BNP Paribas -- Analyst Jim Duffy -- Stifel Financial Corp. -- Analyst John Kernan -- Cowen and Company -- Analyst Paul Lejuez -- Citi -- Analyst Jay Sole -- UBS -- Analyst More DECK analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor (NYSE: DECK) Q1 2023 Earnings Call Jul 28, 2022, 4:30 p.m. Welcome to the Deckers Brands first quarter fiscal 2023earnings conference call [Operator instructions] I would like to remind everyone that this conference call is being recorded.
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Operator [Operator signoff] Duration: 0 minutes Call participants: Erinn Kohler -- Vice President, Investor Relations and Corporate Planning Dave Powers -- President and Chief Executive Officer Steve Fasching -- Chief Financial Officer Jon Komp -- Robert W. Baird and Company -- Analyst Sam Poser -- Williams Trading -- Analyst Laurent Vasilescu -- Exane BNP Paribas -- Analyst Jim Duffy -- Stifel Financial Corp. -- Analyst John Kernan -- Cowen and Company -- Analyst Paul Lejuez -- Citi -- Analyst Jay Sole -- UBS -- Analyst More DECK analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor (NYSE: DECK) Q1 2023 Earnings Call Jul 28, 2022, 4:30 p.m. Welcome to the Deckers Brands first quarter fiscal 2023earnings conference call [Operator instructions] I would like to remind everyone that this conference call is being recorded.
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2022-07-28 00:00:00 UTC
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Deckers (DECK) Q1 Earnings and Revenues Top Estimates
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DECK
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https://www.nasdaq.com/articles/deckers-deck-q1-earnings-and-revenues-top-estimates
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Deckers (DECK) came out with quarterly earnings of $1.66 per share, beating the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $1.71 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 24.81%. A quarter ago, it was expected that this maker of Ugg footwear would post earnings of $1.35 per share when it actually produced earnings of $2.51, delivering a surprise of 85.93%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $614.46 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 6.81%. This compares to year-ago revenues of $504.68 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Deckers shares have lost about 23.2% since the beginning of the year versus the S&P 500's decline of -15.6%.
What's Next for Deckers?
While Deckers 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 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 $3.86 on $815.78 million in revenues for the coming quarter and $18 on $3.5 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 bottom 29% 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, Carter's (CRI), has yet to report results for the quarter ended June 2022. The results are expected to be released on July 29.
This maker of children's apparel and accessories is expected to post quarterly earnings of $1.66 per share in its upcoming report, which represents a year-over-year change of -0.6%. The consensus EPS estimate for the quarter has been revised 3.8% lower over the last 30 days to the current level.
Carter's' revenues are expected to be $758.3 million, up 1.6% from the year-ago quarter.
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
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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Deckers (DECK) came out with quarterly earnings of $1.66 per share, beating the Zacks Consensus Estimate of $1.33 per share. Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $614.46 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 6.81%. Deckers shares have lost about 23.2% since the beginning of the year versus the S&P 500's decline of -15.6%.
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Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $614.46 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 6.81%. Deckers (DECK) came out with quarterly earnings of $1.66 per share, beating the Zacks Consensus Estimate of $1.33 per share. Deckers shares have lost about 23.2% since the beginning of the year versus the S&P 500's decline of -15.6%.
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Deckers (DECK) came out with quarterly earnings of $1.66 per share, beating the Zacks Consensus Estimate of $1.33 per share. Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $614.46 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 6.81%. Deckers shares have lost about 23.2% since the beginning of the year versus the S&P 500's decline of -15.6%.
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Deckers (DECK) came out with quarterly earnings of $1.66 per share, beating the Zacks Consensus Estimate of $1.33 per share. Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $614.46 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 6.81%. Deckers shares have lost about 23.2% since the beginning of the year versus the S&P 500's decline of -15.6%.
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e30ed1ce-1686-448c-a95e-6034bf2f9b10
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724014.0
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2022-07-28 00:00:00 UTC
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Deckers Outdoor Lifts FY22 EPS Outlook
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-lifts-fy22-eps-outlook
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nan
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nan
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(RTTNews) - While reporting its results for the first quarter on Thursday, Deckers Outdoor Corp. (DECK) lifted earnings outlook for the full year 2022.
For the ful year 2022, the company now expects earnings of $17.50 to $18.35 per share. Previously, the company expected earnings of $17.40 to $18.25 per share.
The company continues to expects net sales of $3.45 billion to $3.50 billion.
Analysts polled by Thomson Reuters currently expect earnings of $17.98 per share and revenues of $3.49 billion.
Further, the Board of Directors has approved an increase of $1.2 billion to the company's stock repurchase authorization, which brings the company's total outstanding authorization to approximately $1.5 billion.
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) - While reporting its results for the first quarter on Thursday, Deckers Outdoor Corp. (DECK) lifted earnings outlook for the full year 2022. Analysts polled by Thomson Reuters currently expect earnings of $17.98 per share and revenues of $3.49 billion. Further, the Board of Directors has approved an increase of $1.2 billion to the company's stock repurchase authorization, which brings the company's total outstanding authorization to approximately $1.5 billion.
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(RTTNews) - While reporting its results for the first quarter on Thursday, Deckers Outdoor Corp. (DECK) lifted earnings outlook for the full year 2022. For the ful year 2022, the company now expects earnings of $17.50 to $18.35 per share. Previously, the company expected earnings of $17.40 to $18.25 per share.
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(RTTNews) - While reporting its results for the first quarter on Thursday, Deckers Outdoor Corp. (DECK) lifted earnings outlook for the full year 2022. For the ful year 2022, the company now expects earnings of $17.50 to $18.35 per share. The company continues to expects net sales of $3.45 billion to $3.50 billion.
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(RTTNews) - While reporting its results for the first quarter on Thursday, Deckers Outdoor Corp. (DECK) lifted earnings outlook for the full year 2022. For the ful year 2022, the company now expects earnings of $17.50 to $18.35 per share. The company continues to expects net sales of $3.45 billion to $3.50 billion.
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386fd1d1-f2b3-422a-8521-dff1e901919f
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724015.0
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2022-07-28 00:00:00 UTC
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Deckers Outdoor Corp Reports Decline In Q1 Income, but beats estimates
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-reports-decline-in-q1-income-but-beats-estimates
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nan
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(RTTNews) - Deckers Outdoor Corp (DECK) reported earnings for first quarter that decreased from last year but beat the Street estimates.
The company's bottom line totaled $44.85 million, or $1.66 per share. This compares with $48.12 million, or $1.71 per share, in last year's first quarter.
Analysts on average had expected the company to earn $1.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.6% to $614.46 million from $604.68 million last year.
Deckers Outdoor Corp earnings at a glance (GAAP) :
-Earnings (Q1): $44.85 Mln. vs. $48.12 Mln. last year. -EPS (Q1): $1.66 vs. $1.71 last year. -Analyst Estimates: $1.25 -Revenue (Q1): $614.46 Mln vs. $604.68 Mln last year.
-Guidance: Full year EPS guidance: $17.50 - $18.35 Full year revenue guidance: $3.45 - $3.50 Bln
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deckers Outdoor Corp (DECK) reported earnings for first quarter that decreased from last year but beat the Street estimates. Deckers Outdoor Corp earnings at a glance (GAAP) : -Earnings (Q1): $44.85 Mln. Analysts on average had expected the company to earn $1.25 per share, according to figures compiled by Thomson Reuters.
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Deckers Outdoor Corp earnings at a glance (GAAP) : -Earnings (Q1): $44.85 Mln. (RTTNews) - Deckers Outdoor Corp (DECK) reported earnings for first quarter that decreased from last year but beat the Street estimates. -Analyst Estimates: $1.25 -Revenue (Q1): $614.46 Mln vs. $604.68 Mln last year.
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(RTTNews) - Deckers Outdoor Corp (DECK) reported earnings for first quarter that decreased from last year but beat the Street estimates. Deckers Outdoor Corp earnings at a glance (GAAP) : -Earnings (Q1): $44.85 Mln. The company's revenue for the quarter rose 1.6% to $614.46 million from $604.68 million last year.
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Deckers Outdoor Corp earnings at a glance (GAAP) : -Earnings (Q1): $44.85 Mln. (RTTNews) - Deckers Outdoor Corp (DECK) reported earnings for first quarter that decreased from last year but beat the Street estimates. The company's bottom line totaled $44.85 million, or $1.66 per share.
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afc411a6-4196-409a-9d44-4ebc3a973468
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724016.0
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2022-07-28 00:00:00 UTC
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Deckers Outdoor Q1 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-q1-23-earnings-conference-call-at-4%3A30-pm-et
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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on July 28, 2022, to discuss Q1 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 July 28, 2022, to discuss Q1 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 July 28, 2022, to discuss Q1 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 July 28, 2022, to discuss Q1 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 July 28, 2022, to discuss Q1 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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3a08e865-d49d-4d7a-9087-d4f8f01a7e61
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724017.0
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2022-07-25 00:00:00 UTC
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Deckers (DECK) to Post Q1 Earnings: What's in the Cards?
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DECK
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https://www.nasdaq.com/articles/deckers-deck-to-post-q1-earnings%3A-whats-in-the-cards
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nan
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Deckers Outdoor Corporation DECK is likely to register an increase in the top line when it reports first-quarter fiscal 2023 earnings results on Jul 28, after the market closes. The Zacks Consensus Estimate for revenues is pegged at $576.6 million, indicating an improvement of 14.3% from the prior-year reported figure.
The bottom line of this designer, marketer and distributor of footwear, apparel, and accessories is expected to decline year over year. The Zacks Consensus Estimate for first-quarter earnings per share has fallen 5.4% to $1.41 over the past seven days and suggests a decline of 17.5% from the year-ago period.
In the last reported quarter, this Goleta, CA-based company’s bottom line outperformed the Zacks Consensus Estimate by a margin of 85.9%.
Key Factors to Note
Deckers’ first-quarter performance is likely to have benefited from the acceleration of omni-channel capabilities, customer-centric approach and marketing strategies. The company’s focus on expanding brand assortments, introducing an innovative line of products and enhancing direct-to-consumer business might have acted as tailwinds. Additionally, strategic price increases of products might have supported the top line in the quarter under review.
Keeping pace with the changing trends, Deckers has constantly been developing its e-commerce portal to capture incremental sales. The company has been making substantial investments to strengthen its online presence and enhance the shopping experience. Management is focused on ramping up inventory in response to supply-chain bottlenecks, optimizing channel mix to fulfill consumer demand and scaling production to support the growth of brands.
We note that the Zacks Consensus Estimate for first-quarter sales at HOKA ONE ONE and Teva brands are pegged at $288 million and $59 million, indicating an increase of 35.1% and 0.9%, respectively. The consensus estimates for sales at the UGG brand suggest a decline of 2.3% to $208 million from the year-ago period. The consensus mark for sales at the Sanuk brand stands at $15 million, flat compared with the prior-year quarter.
While the aforementioned factors raise optimism, prolonged transit lead times and cost pressures owing to container shortages, port congestion, and trucking and labor scarcity remain concerns. These are likely to have weighed on margins.
Deckers Outdoor Corporation Price, Consensus and EPS Surprise
Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Deckers this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. You can see the complete list of today’s Zacks #1 Rank stocks here.
Although Deckers currently has a Zacks Rank #3, its Earnings ESP of -11.60% makes surprise prediction difficult.
Stocks Poised to Beat Earnings Estimates
Here are some companies worth considering as our model shows that these have the right combination of elements to beat on earnings this season:
Caleres CAL currently has an Earnings ESP of +0.25% and a Zacks Rank #1. The company is likely to register bottom-line improvement when it reports second-quarter fiscal 2022 numbers. The Zacks Consensus Estimate for quarterly earnings per share of $1.32 suggests an improvement from $1.19 reported in the year-ago quarter.
Caleres' top line is expected to rise year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $736.1 million, which indicates an improvement of 9% from the figure reported in the prior-year quarter. CAL has a trailing four-quarter earnings surprise of 62.9%, on average.
Ulta Beauty ULTA currently has an Earnings ESP of +2.46% and a Zacks Rank #1. The company is likely to register bottom-line improvement when it reports second-quarter fiscal 2022 numbers. The Zacks Consensus Estimate for quarterly earnings per share of $4.78 suggests an improvement of 4.8% from the year-ago quarter.
Ulta Beauty's top line is expected to rise year over year. The Zacks Consensus Estimate for quarterly revenues stands at $2.18 billion, which indicates an improvement of 10.8% from the figure reported in the prior-year quarter. ULTA has a trailing four-quarter earnings surprise of 49.8%, on average.
Crocs CROX currently has an Earnings ESP of +0.30% and a Zacks Rank #3. The company is likely to register bottom-line improvement when it reports second-quarter 2022 numbers. The Zacks Consensus Estimate for quarterly earnings per share of $2.73 suggests an improvement of 22.4% from the year-ago quarter.
Crocs' top line is expected to rise year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $950.9 million, which indicates an improvement of 48.4% from the figure reported in the prior-year quarter. CROX has a trailing four-quarter earnings surprise of 26.5%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Ulta Beauty Inc. (ULTA): Free Stock Analysis Report
Crocs, Inc. (CROX): 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 Outdoor Corporation DECK is likely to register an increase in the top line when it reports first-quarter fiscal 2023 earnings results on Jul 28, after the market closes. Key Factors to Note Deckers’ first-quarter performance is likely to have benefited from the acceleration of omni-channel capabilities, customer-centric approach and marketing strategies. Keeping pace with the changing trends, Deckers has constantly been developing its e-commerce portal to capture incremental sales.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote What the Zacks Model Unveils Our proven model doesn’t conclusively predict an earnings beat for Deckers this time around. Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Deckers Outdoor Corporation DECK is likely to register an increase in the top line when it reports first-quarter fiscal 2023 earnings results on Jul 28, after the market closes.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote What the Zacks Model Unveils Our proven model doesn’t conclusively predict an earnings beat for Deckers this time around. Deckers Outdoor Corporation DECK is likely to register an increase in the top line when it reports first-quarter fiscal 2023 earnings results on Jul 28, after the market closes. Key Factors to Note Deckers’ first-quarter performance is likely to have benefited from the acceleration of omni-channel capabilities, customer-centric approach and marketing strategies.
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Deckers Outdoor Corporation DECK is likely to register an increase in the top line when it reports first-quarter fiscal 2023 earnings results on Jul 28, after the market closes. Although Deckers currently has a Zacks Rank #3, its Earnings ESP of -11.60% makes surprise prediction difficult. Key Factors to Note Deckers’ first-quarter performance is likely to have benefited from the acceleration of omni-channel capabilities, customer-centric approach and marketing strategies.
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4eb9637e-b605-4eb3-91a9-eb038df27558
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724018.0
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2022-07-22 00:00:00 UTC
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Carter's (CRI) to Report Q2 Results: What to Know Ahead of the Release
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DECK
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https://www.nasdaq.com/articles/carters-cri-to-report-q2-results%3A-what-to-know-ahead-of-the-release
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nan
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The market expects Carter's (CRI) to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended June 2022. 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 management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This maker of children's apparel and accessories is expected to post quarterly earnings of $1.67 per share in its upcoming report, which represents no change from the year-ago quarter.
Revenues are expected to be $758.3 million, up 1.6% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 3.84% lower over the last 30 days to the current level. 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. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Carter's?
For Carter's, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -2.40%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Carter's will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Carter's would post earnings of $1.34 per share when it actually produced earnings of $1.66, delivering a surprise of +23.88%.
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.
Carter's doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected Results
Another stock from the Zacks Shoes and Retail Apparel industry, Deckers (DECK), is soon expected to post earnings of $1.46 per share for the quarter ended June 2022. This estimate indicates a year-over-year change of -14.6%. Revenues for the quarter are expected to be $578.77 million, up 14.7% from the year-ago quarter.
The consensus EPS estimate for Deckers has been revised 2.4% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -20.32%.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Deckers will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
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
Carter's, Inc. (CRI): 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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An Industry Player's Expected Results Another stock from the Zacks Shoes and Retail Apparel industry, Deckers (DECK), is soon expected to post earnings of $1.46 per share for the quarter ended June 2022. The consensus EPS estimate for Deckers has been revised 2.4% lower over the last 30 days to the current level. When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Deckers will beat the consensus EPS estimate.
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An Industry Player's Expected Results Another stock from the Zacks Shoes and Retail Apparel industry, Deckers (DECK), is soon expected to post earnings of $1.46 per share for the quarter ended June 2022. When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Deckers will beat the consensus EPS estimate. The consensus EPS estimate for Deckers has been revised 2.4% lower over the last 30 days to the current level.
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An Industry Player's Expected Results Another stock from the Zacks Shoes and Retail Apparel industry, Deckers (DECK), is soon expected to post earnings of $1.46 per share for the quarter ended June 2022. The consensus EPS estimate for Deckers has been revised 2.4% lower over the last 30 days to the current level. When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Deckers will beat the consensus EPS estimate.
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When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Deckers will beat the consensus EPS estimate. An Industry Player's Expected Results Another stock from the Zacks Shoes and Retail Apparel industry, Deckers (DECK), is soon expected to post earnings of $1.46 per share for the quarter ended June 2022. The consensus EPS estimate for Deckers has been revised 2.4% lower over the last 30 days to the current level.
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724019.0
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2022-07-19 00:00:00 UTC
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7 Best Retail Stocks to Buy Now
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DECK
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https://www.nasdaq.com/articles/7-best-retail-stocks-to-buy-now
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
If you’re looking for the best retail stocks to buy, your job’s gotten much more challenging as we move into the second half of 2022. Inflation, higher interest rates, a divided country, the list goes on.
One decision would be to avoid retail stocks altogether. After all, consumer confidence hit a 16-month low and is near its lowest point in a decade. When consumers are scared, their wallets tend to shut tight.
Another possibility is to bet on retail stocks with a better chance of winning sales in this economic environment. While no company is immune from this issue, some tend to do better than others when the consumer is worried.
The last time consumers were this spooked was in 2013. Therefore, it might make sense to go back and find out which retail stocks did well that year.
The last option, probably the best, is to buy retail stocks whose companies are well run. These are my top seven.
Ticker Company Recent Price
ASO Academy Sports $40.55
BBWI Bath and Body Works $29.21
DECK Deckers Outdoors $280.12
TJX TJX Companies $61.51
DG Dollar General $246.10
ABG Asbury Automotive Group $167.75
ORLY O’Reilly Automotive $680.79
Academy Sports and Outdoors (ASO)
Source: Shutterstock
Academy Sports and Outdoors (NASDAQ:ASO) is a sporting goods and outdoor recreation retailer with 260 stores across 16 states. It’s in the process of ramping up its store expansion. The company plans to open 80 to 100 stores in the next five years. Eight of these store openings will take place in 2022.
In my experience, the sporting goods industry is one of the most stable regarding growth. Never too much. Rarely too little. Often just right.
7 Best Long-Term Dividend Stocks to Buy Right Now
When you look at its latest quarterly report – sales fell 7.1% to $1.47 billion with a 7.5% decrease in same-store sales growth – you might wonder why I’ve put it on my list.
Three words: free cash flow (FCF). In the trailing 12 months (TTM) ended April 30, its FCF was $470 million. That’s 15% of its market capitalization of $3.3 billion. I consider anything over 8% to be in value territory.
Down 15.8% year-to-date, ASO is an excellent value play for anyone looking at retail stocks to buy.
Bath & Body Works (BBWI)
I suppose it’s possible that Bath & Body Works (NYSE:BBWI) will go out of style, and people will stop shopping for body lotion, liquid hand soap, and all the other nice-smelling products it sells. However, the odds are pretty low.
In an environment where people are cutting back their spending, its products are a relatively inexpensive way to treat yourself.
Of the 20 analysts who cover BBWI stock, 18 rates it either a “buy” or “overweight,” with a median target price of $63.50. The lowest target price by an analyst is $40, 38% higher than where it recently traded.
When Bath & Body Works reported its Q1 2022 sales in May, it blew the lid off its guidance. Between Q1 2019 and Q1 2022, BBWI grew its sales by more than 55%. Meanwhile, its net income from continuing operations increased 72% during the quarter to $154.9 million from $90.3 million a year earlier.
As for my favorite metric, the company’s TTM FCF is $1.02 billion, 15.4% of its current market cap. BBWI might be an even better value than ASO.
Deckers Outdoor (DECK)
Source: mTaira / Shutterstock.com
While UGG might be the best-known brand made by California-based Deckers Outdoor (NYSE:DECK), the company’s Hoka performance footwear brand has stolen the show.
Deckers acquired Hoka One One in April 2013. At the time, Hoka had annual revenue of approximately $3 million. Deckers’ management thought its yearly sales could get to $100 million someday. In fiscal 2022 (March 31 year-end), Hoka’s sales were $892 million, almost 9x its original target. By fiscal 2023, Decker’s will have two billion-dollar brands.
The 7 Best Tech Dividend Stocks to Buy Right Now
Over the past 52 weeks, DECK stock has lost 31% of its value. It recently traded at 42% of its 52-week high of $451.49. The company has $454 million left on its stock repurchase authorization. In fiscal 2022, it bought back $357 million of its stock. Given the price drop, I imagine it will buy more than that here in fiscal 2023.
In 2023, it expects sales of at least $3.45 billion, almost 10% higher than a year earlier. Its earnings per share are expected to be $17.40 at the low end of its guidance. That’s a price-to-earnings ratio of 15.1.
TJX Companies (TJX)
Source: Joe Hendrickson / Shutterstock.com
The following two stocks, I would guess, are the two on my list that most investors would expect to be on a list of retail stocks to buy in a period of low consumer confidence. That doesn’t guarantee their stocks will do well in the near term, but they’ve got as good a shot as any to maintain or grow sales levels over the next six to 12 months.
TJX Companies (NYSE:TJX) has become my family’s go-to retailer for cat scratching posts and other interesting household products. They can get costly in a hurry. So, the appeal of the off-price retailer’s various banners – T.J. Maxx, Marshalls, and HomeGoods in the U.S. – is unlikely to fade anytime soon.
In Q1 2023, TJX’s net sales increased 13% to $11.3 billion, with an adjusted pre-tax margin of 9.4%. It expects its pre-tax margin in 2023 to be 9.7% at the midpoint of its guidance, with a 1-2% increase in same-store sales.
TJX CEO Ernie Herman is pleased with the company’s profitability. Ditto for investors.
Dollar General (DG)
Source: Jonathan Weiss / Shutterstock.com
Dollar General (NYSE:DG) recently got a boost from Morgan analyst Simeon Gutman. The analyst upgraded DG stock on June 16 from “equal-weight” to “outperform” with a price target of $250, $25 higher than the previous target.
“DG fits our theme of favoring quality, defensive retailers with offensive characteristics. It is arguably our most defensive, counter-cyclical company,” Insider reported Gutman said in a note to clients.
7 Cheap Semiconductor Stocks to Buy Now
Like most retailers, Dollar General is facing all kinds of headwinds in 2022, making revenue and profit growth a problematic task.
Nonetheless, in Q1 2022, it managed to increase sales by 4.2% to $8.8 billion. Sales increased due to the addition of 239 new stores during the quarter. Its operating profit fell 17.9% to $746.2 million, a respectable operating margin of 8.4%.
For all of 2022, it expects net sales to increase 10.25% at the midpoint of its guidance with a 13% increase in earnings per share.
If you want to play it safe, DG is about as safe as it gets.
Asbury Automotive Group (ABG)
Source: lumen-digital / Shutterstock.com
Asbury Automotive Group (NYSE:ABG) completed 2021 with a bang, acquiring 54 new vehicle dealerships on Dec. 21, 2021, from the Larry Miller Group. Asbury paid $5.7 billion for the transformative acquisition that included seven used vehicle dealerships, 11 collision centers, a used vehicle wholesale business and a financing and insurance (F&I) product, provider.
The company made acquisitions in 2021 that added $5.8 billion in annualized revenue. That’s more than a third of its pro-forma revenue in 2021.
The word “scale” is often used in business. It’s become a bit of a cliche. However, when it comes to automotive retail, it’s essential. That’s because a big chunk of a car dealer’s revenue comes from parts and services. In Asbury’s case, it accounted for 35% of its overall revenue in Q1 2022. It also accounted for 35% of gross profit.
Meanwhile, its F&I business accounted for just 5% of revenue in the first quarter but 24% of its gross profit. It’s the behind-the-scenes stuff that matters. You can only generate so much parts and service revenue from a single dealership. Multiply that by 148 dealerships, and the dollars add up quickly.
Asbury’s transformation is worth betting on trading at 0.32x sales and possessing an earnings yield of 20.4%, Asbury’s transformation is worth betting on.
O’Reilly Automotive (ORLY)
Source: Shutterstock
O’Reilly Automotive (NASDAQ:ORLY) is a stock that’s been on my radar for some time. In October 2020, ORLY was one of 10 consumer stocks I recommended to readers, providing a good mix of offense and defense.
“With $1.8 billion in free cash flow in the trailing 12 months, double what it was just two years ago, ORLY is growth at a reasonable price,” I wrote at the time.
7 Best Dow Stocks to Buy in July
Its share price is up 36% since, despite the correction here in 2022. I don’t see a problem owning this stock for another 21 months or longer. It’s well-positioned to benefit from the do-it-yourself crowd should a recession rear its ugly head.
Oh, and about that free cash flow. Its TTM FCF is $2.55 billion, 42% higher than in 2020. O’Reilly expects FCF in 2022 of $1.3 billion to $1.6 billion.
As for the 25 analysts covering its stock, the average rating is “overweight,” with a median target of $750.
ORLY is another defensive stock you can count on.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post 7 Best Retail Stocks to Buy Now appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Ticker Company Recent Price ASO Academy Sports $40.55 BBWI Bath and Body Works $29.21 DECK Deckers Outdoors $280.12 TJX TJX Companies $61.51 DG Dollar General $246.10 ABG Asbury Automotive Group $167.75 ORLY O’Reilly Automotive $680.79 Academy Sports and Outdoors (ASO) Source: Shutterstock Academy Sports and Outdoors (NASDAQ:ASO) is a sporting goods and outdoor recreation retailer with 260 stores across 16 states. Deckers Outdoor (DECK) Source: mTaira / Shutterstock.com While UGG might be the best-known brand made by California-based Deckers Outdoor (NYSE:DECK), the company’s Hoka performance footwear brand has stolen the show. Deckers acquired Hoka One One in April 2013.
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Ticker Company Recent Price ASO Academy Sports $40.55 BBWI Bath and Body Works $29.21 DECK Deckers Outdoors $280.12 TJX TJX Companies $61.51 DG Dollar General $246.10 ABG Asbury Automotive Group $167.75 ORLY O’Reilly Automotive $680.79 Academy Sports and Outdoors (ASO) Source: Shutterstock Academy Sports and Outdoors (NASDAQ:ASO) is a sporting goods and outdoor recreation retailer with 260 stores across 16 states. Deckers Outdoor (DECK) Source: mTaira / Shutterstock.com While UGG might be the best-known brand made by California-based Deckers Outdoor (NYSE:DECK), the company’s Hoka performance footwear brand has stolen the show. Deckers acquired Hoka One One in April 2013.
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Ticker Company Recent Price ASO Academy Sports $40.55 BBWI Bath and Body Works $29.21 DECK Deckers Outdoors $280.12 TJX TJX Companies $61.51 DG Dollar General $246.10 ABG Asbury Automotive Group $167.75 ORLY O’Reilly Automotive $680.79 Academy Sports and Outdoors (ASO) Source: Shutterstock Academy Sports and Outdoors (NASDAQ:ASO) is a sporting goods and outdoor recreation retailer with 260 stores across 16 states. Deckers Outdoor (DECK) Source: mTaira / Shutterstock.com While UGG might be the best-known brand made by California-based Deckers Outdoor (NYSE:DECK), the company’s Hoka performance footwear brand has stolen the show. Deckers acquired Hoka One One in April 2013.
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Ticker Company Recent Price ASO Academy Sports $40.55 BBWI Bath and Body Works $29.21 DECK Deckers Outdoors $280.12 TJX TJX Companies $61.51 DG Dollar General $246.10 ABG Asbury Automotive Group $167.75 ORLY O’Reilly Automotive $680.79 Academy Sports and Outdoors (ASO) Source: Shutterstock Academy Sports and Outdoors (NASDAQ:ASO) is a sporting goods and outdoor recreation retailer with 260 stores across 16 states. Deckers Outdoor (DECK) Source: mTaira / Shutterstock.com While UGG might be the best-known brand made by California-based Deckers Outdoor (NYSE:DECK), the company’s Hoka performance footwear brand has stolen the show. Deckers acquired Hoka One One in April 2013.
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6fef3cc9-08db-44be-8ad3-af72ec5dca79
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724020.0
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2022-07-15 00:00:00 UTC
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Zacks Market Edge Highlights: Wayfair, RH, Deckers, Oxford Industries, and Ulta Beauty
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DECK
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https://www.nasdaq.com/articles/zacks-market-edge-highlights%3A-wayfair-rh-deckers-oxford-industries-and-ulta-beauty
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nan
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nan
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For Immediate Release
Chicago, IL – July 15, 2022 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/1952396/retail-innovation-invest-in-the-leaders)
Retail Innovation: Invest in the Leaders
Welcome to Episode #322 of the Zacks Market Edge Podcast.
(1:00) - Should You Be Looking To Invest Into Retail Stocks?
(6:45) - RH’s Strength Continues With More Growth and Expansion
(13:30) - Is The E-Commerce Craze Slowing Down?
(19:00) - Turning Failing Stores Into E-Commerce Brands
(27:15) - Why Brick and Mortar Sales Still Dominate
(41:10) - Episode Roundup: W, RH, WSM, OXM, GPS, DECK
Podcast@Zacks.com
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
This week, Tracey is joined by Kevin Cook, Zacks Senior Stock Market Strategist, to discuss what is happening in retail in 2022.
A lot of retail rotated online in the pandemic, but now that there is a reopening, are shoppers returning to the mall? Is brick and mortar coming back?
Who is innovating to gain an edge, especially as a possible recession looms?
Retail Remains as Competitive as Ever
1. Wayfair (W)
Wayfair was a big pandemic winner as consumers ordered everything from school desks coffee makers from online retailers. But now, that shopping surge is over and consumers are focusing on experiences.
Wayfair, which made its claim to fame on online shopping, recently launched its first AllModern brick and mortar store in Massachusetts with plans to open stores under its other brands including Joss & Main, Birch Lane and flagship Wayfair over the next few years.
Wayfair shares have plunged 73% this year as earnings are expected to take a dive. The Zacks Consensus Estimate has fallen to a loss of $6.81 this year versus positive earnings of $2.32 last year.
Should you make a bet on Wayfair's brick and mortar strategy?
2. RH (RH)
RH has been an innovator in retail for the last decade. It was the first to focus on its stores, opening up galleries which feature its products in beautiful locations around the United States. Europe is next, with its first gallery expected to open this year in a historic manor home in the English countryside.
RH has also added a successful hospitality component to its business with its gallery restaurants.
But RH has warned on sales twice in the last month as the economy slows and furniture sales soften.
Shares are down 51% year-to-date and now trade with a forward P/E of just 10.5. But those earnings may come down further in a recession.
Should RH be on your short list?
3. Deckers DECK
Deckers was a pandemic winner as consumers bought footwear and other accessories. But like everything else, shares have sold off in 2022, falling 26%.
Yet shoes normally do well during recessions as they are a cheaper way to update a wardrobe. Deckers owns two of the most popular footwear brands in UGG and Hoka One One.
Shares are cheap with a forward P/E of 14.6. Earnings are expected to rise 11.3% this year.
Should investors be hiding out in Deckers this year?
4. Oxford Industries (OXM)
Oxford Industries operates two of the hottest retailers in Lilly Pulitzer and Tommy Bahama. But it's in Tommy that it is innovating by expanding the hospitality business as the economy has reopened.
In June, Oxford Industries reported a record fiscal first quarter where sales were up even in its restaurant business, gaining 23% year-over-year, at its 21 food and beverage locations.
Shares are down "just" 15.7% year-to-date as it raised full year guidance in June.
Oxford Industries is cheap, with a forward P/E of 8.7.
Investors might want to keep Oxford Industries on their short list.
5. Ulta Beauty (ULTA)
Ulta Beauty initially struggled during the pandemic as women didn't buy as much make-up, including lipstick, while huddling at home and wearing masks. But on the reopen, demand for beauty, including hair and skincare, has rebounded.
Ulta has also expanded its experiences in the stores, including salon and brow bar, as well as other in-person beauty events.
Ulta shares have only fallen 7.2% year-to-date and are up 11.6% over the last year. You'll pay a premium for it, with a forward P/E of 18.7.
It's a Zacks Rank #1 (Strong Buy).
Should you be stocking up on Ulta Beauty on any pullbacks?
What Else Do You Need to Know About Retail in 2022?
Tune into this week's podcast to find out.
[In full disclosure, Tracey Ryniec owns shares of RH and ULTA in her personal portfolio.]
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Ulta Beauty Inc. (ULTA): Free Stock Analysis Report
Oxford Industries, Inc. (OXM): Free Stock Analysis Report
RH (RH): Free Stock Analysis Report
Wayfair Inc. (W): 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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(19:00) - Turning Failing Stores Into E-Commerce Brands (27:15) - Why Brick and Mortar Sales Still Dominate (41:10) - Episode Roundup: W, RH, WSM, OXM, GPS, DECK Podcast@Zacks.com Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. Deckers DECK Deckers was a pandemic winner as consumers bought footwear and other accessories. Deckers owns two of the most popular footwear brands in UGG and Hoka One One.
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(19:00) - Turning Failing Stores Into E-Commerce Brands (27:15) - Why Brick and Mortar Sales Still Dominate (41:10) - Episode Roundup: W, RH, WSM, OXM, GPS, DECK Podcast@Zacks.com Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. Deckers DECK Deckers was a pandemic winner as consumers bought footwear and other accessories. Deckers owns two of the most popular footwear brands in UGG and Hoka One One.
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(19:00) - Turning Failing Stores Into E-Commerce Brands (27:15) - Why Brick and Mortar Sales Still Dominate (41:10) - Episode Roundup: W, RH, WSM, OXM, GPS, DECK Podcast@Zacks.com Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. Deckers DECK Deckers was a pandemic winner as consumers bought footwear and other accessories. Deckers owns two of the most popular footwear brands in UGG and Hoka One One.
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(19:00) - Turning Failing Stores Into E-Commerce Brands (27:15) - Why Brick and Mortar Sales Still Dominate (41:10) - Episode Roundup: W, RH, WSM, OXM, GPS, DECK Podcast@Zacks.com Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. Deckers DECK Deckers was a pandemic winner as consumers bought footwear and other accessories. Deckers owns two of the most popular footwear brands in UGG and Hoka One One.
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58d01e70-2329-4eab-89f7-741e7aa3041e
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724021.0
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2022-07-14 00:00:00 UTC
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Retail Innovation: Invest in the Leaders
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DECK
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https://www.nasdaq.com/articles/retail-innovation%3A-invest-in-the-leaders
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nan
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nan
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(1:00) - Should You Be Looking To Invest Into Retail Stocks?
(6:45) - RH’s Strength Continues With More Growth and Expansion
(13:30) - Is The E-Commerce Craze Slowing Down?
(19:00) - Turning Failing Stores Into E-Commerce Brands
(27:15) - Why Brick and Mortar Sales Still Dominate
(41:10) - Episode Roundup: W, RH, WSM, OXM, GPS, DECK
Podcast@Zacks.com
Welcome to Episode #322 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
This week, Tracey is joined by Kevin Cook, Zacks Senior Stock Market Strategist, to discuss what is happening in retail in 2022.
A lot of retail rotated online in the pandemic, but now that there is a reopening, are shoppers returning to the mall? Is brick and mortar coming back?
Who is innovating to gain an edge, especially as a possible recession looms?
Retail Remains as Competitive as Ever
1. Wayfair W
Wayfair was a big pandemic winner as consumers ordered everything from school desks coffee makers from online retailers. But now, that shopping surge is over and consumers are focusing on experiences.
Wayfair, which made its claim to fame on online shopping, recently launched its first AllModern brick and mortar store in Massachusetts with plans to open stores under its other brands including Joss & Main, Birch Lane and flagship Wayfair over the next few years.
Wayfair shares have plunged 73% this year as earnings are expected to take a dive. The Zacks Consensus Estimate has fallen to a loss of $6.81 this year versus positive earnings of $2.32 last year.
Should you make a bet on Wayfair’s brick and mortar strategy?
2. RH RH
RH has been an innovator in retail for the last decade. It was the first to focus on its stores, opening up galleries which feature its products in beautiful locations around the United States. Europe is next, with its first gallery expected to open this year in a historic manor home in the English countryside.
RH has also added a successful hospitality component to its business with its gallery restaurants.
But RH has warned on sales twice in the last month as the economy slows and furniture sales soften.
Shares are down 51% year-to-date and now trade with a forward P/E of just 10.5. But those earnings may come down further in a recession.
Should RH be on your short list?
3. Deckers DECK
Deckers was a pandemic winner as consumers bought footwear and other accessories. But like everything else, shares have sold off in 2022, falling 26%.
Yet shoes normally do well during recessions as they are a cheaper way to update a wardrobe. Deckers owns two of the most popular footwear brands in UGG and Hoka One One.
Shares are cheap with a forward P/E of 14.6. Earnings are expected to rise 11.3% this year.
Should investors be hiding out in Deckers this year?
4. Oxford Industries OXM
Oxford Industries operates two of the hottest retailers in Lilly Pulitzer and Tommy Bahama. But it’s in Tommy that it is innovating by expanding the hospitality business as the economy has reopened.
In June, Oxford Industries reported a record fiscal first quarter where sales were up even in its restaurant business, gaining 23% year-over-year, at its 21 food and beverage locations.
Shares are down “just” 15.7% year-to-date as it raised full year guidance in June.
Oxford Industries is cheap, with a forward P/E of 8.7.
Investors might want to keep Oxford Industries on their short list.
5. Ulta Beauty ULTA
Ulta Beauty initially struggled during the pandemic as women didn’t buy as much make-up, including lipstick, while huddling at home and wearing masks. But on the reopen, demand for beauty, including hair and skincare, has rebounded.
Ulta has also expanded its experiences in the stores, including salon and brow bar, as well as other in-person beauty events.
Ulta shares have only fallen 7.2% year-to-date and are up 11.6% over the last year. You’ll pay a premium for it, with a forward P/E of 18.7.
It’s a Zacks Rank #1 (Strong Buy).
Should you be stocking up on Ulta Beauty on any pullbacks?
What Else do you Need to Know About Retail in 2022?
Tune into this week’s podcast to find out.
[In full disclosure, Tracey owns shares of RH and ULTA in her personal portfolio.]
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
Ulta Beauty Inc. (ULTA): Free Stock Analysis Report
Oxford Industries, Inc. (OXM): Free Stock Analysis Report
RH (RH): Free Stock Analysis Report
Wayfair Inc. (W): 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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(19:00) - Turning Failing Stores Into E-Commerce Brands (27:15) - Why Brick and Mortar Sales Still Dominate (41:10) - Episode Roundup: W, RH, WSM, OXM, GPS, DECK Podcast@Zacks.com Welcome to Episode #322 of the Zacks Market Edge Podcast. Deckers DECK Deckers was a pandemic winner as consumers bought footwear and other accessories. Deckers owns two of the most popular footwear brands in UGG and Hoka One One.
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(19:00) - Turning Failing Stores Into E-Commerce Brands (27:15) - Why Brick and Mortar Sales Still Dominate (41:10) - Episode Roundup: W, RH, WSM, OXM, GPS, DECK Podcast@Zacks.com Welcome to Episode #322 of the Zacks Market Edge Podcast. Deckers DECK Deckers was a pandemic winner as consumers bought footwear and other accessories. Deckers owns two of the most popular footwear brands in UGG and Hoka One One.
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(19:00) - Turning Failing Stores Into E-Commerce Brands (27:15) - Why Brick and Mortar Sales Still Dominate (41:10) - Episode Roundup: W, RH, WSM, OXM, GPS, DECK Podcast@Zacks.com Welcome to Episode #322 of the Zacks Market Edge Podcast. Deckers DECK Deckers was a pandemic winner as consumers bought footwear and other accessories. Deckers owns two of the most popular footwear brands in UGG and Hoka One One.
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(19:00) - Turning Failing Stores Into E-Commerce Brands (27:15) - Why Brick and Mortar Sales Still Dominate (41:10) - Episode Roundup: W, RH, WSM, OXM, GPS, DECK Podcast@Zacks.com Welcome to Episode #322 of the Zacks Market Edge Podcast. Deckers DECK Deckers was a pandemic winner as consumers bought footwear and other accessories. Deckers owns two of the most popular footwear brands in UGG and Hoka One One.
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fc23cf9e-50e4-4b61-b277-e65cad9c928d
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724022.0
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2022-06-27 00:00:00 UTC
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Deckers (DECK) Stock Jumps 4.8%: Will It Continue to Soar?
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DECK
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https://www.nasdaq.com/articles/deckers-deck-stock-jumps-4.8%3A-will-it-continue-to-soar
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nan
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nan
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Deckers DECK shares ended the last trading session 4.8% higher at $273.32. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 0.5% loss over the past four weeks.
Deckers’ focus on accelerating omni-channel capabilities, international expansion, new product categories as well as customer-centric product and marketing strategies have been contributing to its performance. We note that the company’s UGG and HOKA ONE ONE brands remain primary growth drivers. Management envisions fiscal 2023 net sales in the range of $3.45 billion to $3.50 billion.
This maker of Ugg footwear is expected to post quarterly earnings of $1.53 per share in its upcoming report, which represents a year-over-year change of -10.5%. Revenues are expected to be $577.91 million, up 14.5% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Deckers, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on DECK going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Deckers is a member of the Zacks Shoes and Retail Apparel industry. One other stock in the same industry, Wolverine World Wide WWW, finished the last trading session 7.1% higher at $21.05. WWW has returned -2.8% over the past month.
Wolverine's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.65. Compared to the company's year-ago EPS, this represents a change of -3%. Wolverine currently boasts a Zacks Rank of #3 (Hold).
Just Released: Zacks Top 10 Stocks for 2022
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers DECK shares ended the last trading session 4.8% higher at $273.32. Deckers’ focus on accelerating omni-channel capabilities, international expansion, new product categories as well as customer-centric product and marketing strategies have been contributing to its performance. For Deckers, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Deckers is a member of the Zacks Shoes and Retail Apparel industry. Deckers DECK shares ended the last trading session 4.8% higher at $273.32. Deckers’ focus on accelerating omni-channel capabilities, international expansion, new product categories as well as customer-centric product and marketing strategies have been contributing to its performance.
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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Deckers is a member of the Zacks Shoes and Retail Apparel industry. Deckers DECK shares ended the last trading session 4.8% higher at $273.32. Deckers’ focus on accelerating omni-channel capabilities, international expansion, new product categories as well as customer-centric product and marketing strategies have been contributing to its performance.
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Deckers DECK shares ended the last trading session 4.8% higher at $273.32. Deckers’ focus on accelerating omni-channel capabilities, international expansion, new product categories as well as customer-centric product and marketing strategies have been contributing to its performance. For Deckers, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
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996621de-2bff-457c-a1a9-10ad906509ba
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724023.0
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2022-06-26 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Martin Zweig - 6/26/2022
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-martin-zweig-6-26-2022
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nan
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nan
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The following are the top rated Consumer Cyclical stocks according to Validea's Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. The rating according to our strategy based on Martin Zweig is 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. The Company operates through six operating segments, the UGG brand segment offers footwear, apparel, and accessories with expanded product offerings. HOKA Brand segment provides footwear and apparel that offers enhanced cushioning and inherent stability with minimal weight. Teva Brand segment is a multi-category modern outdoor lifestyle brand offering a range of casual, and trail lifestyle products. Sanuk Brand segment is a lifestyle brand with a presence in the relaxed casual shoe and sandal categories. Other Brands segment consist of the Koolaburra by UGG brand. The Koolaburra brand is a casual footwear fashion line using sheepskin and other plush materials. The Direct-to-Consumer segment consist of retail stores and e-commerce websites which, in an omni-channel marketplace, are intertwined.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of DECKERS OUTDOOR CORP
Full Guru Analysis for DECK>
Full Factor Report for DECK>
POOL CORPORATION (POOL) is a large-cap growth stock in the Recreational Products industry. The rating according to our strategy based on Martin Zweig is 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. The Company operates sales centers in North America, Europe and Australia through its distribution networks, which includes SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon), National Pool Tile (NPT) and Sun Wholesale Supply, Inc. (Sun Wholesale). The Company's NPT network primarily serves the swimming pool market but does provide some overlap with the irrigation and landscape industries as it offers its brand of pool tile, composite pool finish products and hardscapes. It also offers virtual tools for homeowners to select and design their pool and outdoor environments, working with their chosen contractors to install these products. The Company offers its products to swimming pool remodelers and builders, specialty retailers, and among others.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of POOL CORPORATION
Full Guru Analysis for POOL>
Full Factor Report for POOL>
ETHAN ALLEN INTERIORS INC. (ETD) is a small-cap value stock in the Furniture & Fixtures industry. The rating according to our strategy based on Martin Zweig is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ethan Allen Interiors Inc. is an interior design company. The Company is a manufacturer and retailer in the home furnishings marketplace. It is an international home fashion brand that is vertically integrated from design through delivery. The Company operates through two segments: wholesale and retail. It provides complimentary interior design service to clients and sell a wide range of home furnishings through a retail network of approximately 300 design centers in the United States and abroad as well as online at ethanallen.com. The wholesale segment is principally involved in the development of the Ethan Allen brand and encompasses all aspects of design, manufacturing, sourcing, marketing, sale, and distribution of broad range of home furnishings and accents. It operates approximately 141 retail design centers with 136 located in the United States and five in Canada. The Company owns and operates nine manufacturing facilities.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of ETHAN ALLEN INTERIORS INC.
Full Guru Analysis for ETD>
Full Factor Report for ETD>
GILDAN ACTIVEWEAR INC (USA) (GIL) is a mid-cap value stock in the Apparel/Accessories industry. The rating according to our strategy based on Martin Zweig is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Gildan Activewear Inc. is a Canada-based, vertically integrated manufacturer of everyday basic apparel, including activewear, underwear, and hosiery products. The Company's primary product categories include activewear tops and bottoms (activewear), socks (hosiery), underwear tops and bottoms (underwear) and intimates. Its activewear product lines include T-shirts, fleece tops and bottoms, and sports shirts. Its hosiery product lines include athletic, dress, casual and workwear socks, liner socks, socks for therapeutic purposes, sheer panty hose, tights, and leggings. Its underwear product lines include men's and boy's underwear (tops and bottoms) and ladies panties. The Company's intimates product lines include ladies shapewear, intimates, and accessories. The products it manufactures, and sells are marketed under Company brands, including Gildan, American Apparel, Comfort Colors, Gildan Hammer, Alstyle and GoldToe. It also sells socks under the Under Armour brand.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of GILDAN ACTIVEWEAR INC (USA)
Full Guru Analysis for GIL>
Full Factor Report for GIL>
WW GRAINGER INC (GWW) is a large-cap growth stock in the Appliance & Tool industry. The rating according to our strategy based on Martin Zweig is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: W.W. Grainger, Inc. is a business-to-business distributor of maintenance, repair, and operating (MRO) products and services with operations primarily in North America, Japan, and the United Kingdom. The Company operates through two segments: High-Touch Solutions N.A. and Endless Assortment. The Company's High-Touch Solutions N.A. segment provides value-added MRO solutions. This segment includes the Company's businesses in the United States (U.S.), Canada, Mexico, and Puerto Rico. The Company's Endless Assortment segment provides a streamlined and transparent online platform with one-stop shopping for products. The Endless Assortment segment includes the Company's Zoro Tools, Inc. (Zoro) and MonotaRO Co., Ltd. (MonotaRO) online channels which operate predominately in North America, Japan, and the United Kingdom. The Company's product offering includes safety and security, material handling and storage, pumps and plumbing equipment, cleaning, and maintenance, metalworking and hand tools.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of WW GRAINGER INC
Full Guru Analysis for GWW>
Full Factor Report for GWW>
More details on Validea's Martin Zweig strategy
About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Zweig has managed both mutual and hedge funds during his career, and he's put the fortune he's compiled to some interesting uses. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> POOL CORPORATION (POOL) is a large-cap growth stock in the Recreational Products industry.
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Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> POOL CORPORATION (POOL) is a large-cap growth stock in the Recreational Products industry. DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities.
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DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> POOL CORPORATION (POOL) is a large-cap growth stock in the Recreational Products industry.
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DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> POOL CORPORATION (POOL) is a large-cap growth stock in the Recreational Products industry.
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2f917613-67bc-4e52-a423-d1cc8c3a9d61
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724024.0
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2022-06-17 00:00:00 UTC
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Analysts Expect LRGF To Hit $51
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DECK
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https://www.nasdaq.com/articles/analysts-expect-lrgf-to-hit-%2451
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares U.S. Equity Factor ETF (Symbol: LRGF), we found that the implied analyst target price for the ETF based upon its underlying holdings is $50.65 per unit.
With LRGF trading at a recent price near $36.64 per unit, that means that analysts see 38.24% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of LRGF's underlying holdings with notable upside to their analyst target prices are Wayfair Inc (Symbol: W), Deckers Outdoor Corp. (Symbol: DECK), and Teradyne, Inc. (Symbol: TER). Although W has traded at a recent price of $44.18/share, the average analyst target is 178.51% higher at $123.05/share. Similarly, DECK has 67.11% upside from the recent share price of $241.63 if the average analyst target price of $403.78/share is reached, and analysts on average are expecting TER to reach a target price of $140.21/share, which is 61.26% above the recent price of $86.95. Below is a twelve month price history chart comparing the stock performance of W, DECK, and TER:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
iShares U.S. Equity Factor ETF LRGF $36.64 $50.65 38.24%
Wayfair Inc W $44.18 $123.05 178.51%
Deckers Outdoor Corp. DECK $241.63 $403.78 67.11%
Teradyne, Inc. TER $86.95 $140.21 61.26%
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 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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iShares U.S. Equity Factor ETF LRGF $36.64 $50.65 38.24% Wayfair Inc W $44.18 $123.05 178.51% Deckers Outdoor Corp. DECK $241.63 $403.78 67.11% Teradyne, Inc. TER $86.95 $140.21 61.26% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of LRGF's underlying holdings with notable upside to their analyst target prices are Wayfair Inc (Symbol: W), Deckers Outdoor Corp. (Symbol: DECK), and Teradyne, Inc. (Symbol: TER). Similarly, DECK has 67.11% upside from the recent share price of $241.63 if the average analyst target price of $403.78/share is reached, and analysts on average are expecting TER to reach a target price of $140.21/share, which is 61.26% above the recent price of $86.95.
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Three of LRGF's underlying holdings with notable upside to their analyst target prices are Wayfair Inc (Symbol: W), Deckers Outdoor Corp. (Symbol: DECK), and Teradyne, Inc. (Symbol: TER). Similarly, DECK has 67.11% upside from the recent share price of $241.63 if the average analyst target price of $403.78/share is reached, and analysts on average are expecting TER to reach a target price of $140.21/share, which is 61.26% above the recent price of $86.95. iShares U.S. Equity Factor ETF LRGF $36.64 $50.65 38.24% Wayfair Inc W $44.18 $123.05 178.51% Deckers Outdoor Corp. DECK $241.63 $403.78 67.11% Teradyne, Inc. TER $86.95 $140.21 61.26% 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, DECK has 67.11% upside from the recent share price of $241.63 if the average analyst target price of $403.78/share is reached, and analysts on average are expecting TER to reach a target price of $140.21/share, which is 61.26% above the recent price of $86.95. Three of LRGF's underlying holdings with notable upside to their analyst target prices are Wayfair Inc (Symbol: W), Deckers Outdoor Corp. (Symbol: DECK), and Teradyne, Inc. (Symbol: TER). Below is a twelve month price history chart comparing the stock performance of W, DECK, and TER: Below is a summary table of the current analyst target prices discussed above:
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iShares U.S. Equity Factor ETF LRGF $36.64 $50.65 38.24% Wayfair Inc W $44.18 $123.05 178.51% Deckers Outdoor Corp. DECK $241.63 $403.78 67.11% Teradyne, Inc. TER $86.95 $140.21 61.26% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of LRGF's underlying holdings with notable upside to their analyst target prices are Wayfair Inc (Symbol: W), Deckers Outdoor Corp. (Symbol: DECK), and Teradyne, Inc. (Symbol: TER). Similarly, DECK has 67.11% upside from the recent share price of $241.63 if the average analyst target price of $403.78/share is reached, and analysts on average are expecting TER to reach a target price of $140.21/share, which is 61.26% above the recent price of $86.95.
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8c60c81d-6454-46e2-886b-939f30a0fae4
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724025.0
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2022-06-14 00:00:00 UTC
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Zacks Industry Outlook Highlights Deckers Outdoor, Skechers, Steven Madden, Caleres and Rocky Brands
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DECK
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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-deckers-outdoor-skechers-steven-madden-caleres-and-rocky
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nan
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nan
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For Immediate Release
Chicago, IL – June 14, 2022 – Today, Zacks Equity Research discusses Deckers Outdoor DECK, Skechers U.S.A., Inc. SKX, Steven Madden SHOO, Caleres CAL and Rocky Brands RCKY.
Industry: Shoes and Apparel
Link: https://www.zacks.com/commentary/1938000/5-shoes-retail-apparel-stocks-to-eye-in-a-prospering-industry
Companies in the Zacks Shoes and Retail Apparel industry have been benefiting from continued demand for activewear and footwear, given the adoption of a healthy lifestyle. The industry players focused on product innovation, store expansion, digital investments and omni-channel growth are poised to gain in the current market.
This has compelled the activewear segment to resort to innovations to make their assortments more comfortable and fashionable. However, elevated costs related to supply-chain headwinds, as well as to support brand campaigns and digital investments have been deterrents.
The industry participants have been consistently investing in product innovation based on customer feedback and requirements. Investments in products and e-commerce portals bode well for players like Deckers Outdoor, Skechers U.S.A., Inc., Steven Madden, Caleres and Rocky Brands.
About the Industry
The Zacks Shoes and Retail Apparel industry comprises companies that design, source and market clothing, footwear and accessories for men, women and children under various brand names. The product offerings of the companies mostly include athletic and casual footwear, fashion apparel and activewear, sports equipment, bags, balls, and other sports and fashion accessories.
The companies showcase their products through their branded outlets and websites. However, some companies also distribute products via other retail stores such as national chains, online retailers, sporting goods stores, department stores, mass merchandisers, independent retailers and catalogs.
A Look at What's Shaping Shoes and Retail Apparel Industry's Future
Fitness Trends Aid Industry: Rising health consciousness and the willingness to live an active lifestyle and look fit have led consumers to incorporate sports and fitness routines into their daily lives. The demand for activewear/athleisure products has increased significantly over time, which is expected to accelerate in 2022.
Athletic goods and apparel companies now offer everything from sweatshirts, leggings, pants, jackets and tops to yoga wear and running clothes for both men and women. People are clubbing athleisure styles like tops with blazers to give them a formal look at office meetings. The participants remain focused on product innovations, store expansion and enhancing e-commerce capabilities to gain market share.
The companies continue to innovate styles, materials and colors and incorporate functional designs to grab a large share of the fast-growing market. The increased participation of women in sports and outdoor activities in recent years has been a boon for the industry.
E-Commerce Investments: E-commerce has been playing a crucial role in the athleisure market's growth. The companies in the segment are looking to build a customer base through websites, social media and other digital channels. As consumers continue to show interest in shopping from home, growth of athletic-inspired apparel and digital sales are likely to stay.
Companies focused on expanding their athletic-based apparel lines and building on e-commerce capabilities are expected to witness growth in 2022. Efforts to accelerate deliveries through investments in supply chain and order fulfillment avenues are likely to provide an edge in the market.
Simultaneously, companies are investing in renovations and improved checkouts as well as mobile point-of-sale capabilities to make stores attractive. The efforts to enhance the guest experience through multiple channels are likely to contribute significantly to improving traffic and transactions both in stores and online.
Cost Headwinds: Companies are witnessing elevated costs due to factors like commodity cost inflation, increase in freight costs and reinvestments and other impacts. A number of companies project increased freight and logistics costs to hurt margins in the near term.
Elevated marketing expenses, higher operating overhead and demand-creating expenses, and increased investments toward enhancing store and digital operations have been pushing up SG&A costs. Also, the companies are witnessing higher costs to support brand campaigns and digital investments.
The return of sporting activities and events has resulted in higher costs compared with last year's COVID-related closure. Additionally, a tough and competitive labor market remains a concern. These factors pose a threat to industry players' margins.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Shoes and Retail Apparel Industry is a 12-stock group within the broader Zacks Consumer Discretionary sector. The industry currently carries a Zacks Industry Rank #96, which places it in the top 38% of more than 250 Zacks industries.
The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates continued outperformance in the near term. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
The industry's positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gaining confidence in this group's earnings growth potential.
Before we present a few stocks that you may want to consider for your portfolio, let's take a look at the industry's recent stock-market performance and the valuation picture.
Industry vs. the Sector
The Zacks Shoes and Retail Apparel industry has outperformed its sector but underperformed the S&P 500 in the past year.
While stocks in the industry have collectively declined 13.7%, the Zacks S&P 500 composite has dropped 12%. Meanwhile, the Zacks Consumer Discretionary sector has declined 39.4%.
Shoes and Retail Apparel Industry's Valuation
On the basis of forward 12-month price-to-earnings (P/E), which is commonly used for valuing Consumer Discretionary stocks, the industry is currently trading at 22.07X compared with the S&P 500's 16.65X and the sector's 17.52X.
Over the last five years, the industry has traded as high as 36.79X and as low as 19.59X, with the median being at 25.81X.
5 Shoes & Retail Apparel Stocks to Watch
Caleres: Caleres is a leading footwear retailer and wholesaler in the United States, China, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The stock of this Saint Louis, MO-based company has been benefiting from positive consumer demand trends and accelerated recovery in the footwear marketplace, which have been aiding its sales.
The momentum in the Famous Footwear brand is expected to contribute meaningfully to sales growth. Strong performances of CAL's emerging brands, including Vionic, Sam Edelman, Allen Edmonds and Blowfish Malibu, are expected to be drivers.
Management anticipates strong performance at the Famous Footwear brand and gains in Brand Portfolio, leveraging of diversified brand model and the continued execution of ongoing strategic priorities to aid CAL's performance. Caleres's focus on the consumer's evolving preferences and efforts to drive growth across its omni-channel ecosystem bode well.
The consensus estimate for CAL's fiscal 2022 EPS has moved up 11.3% in the past 30 days. The company has a trailing four-quarter earnings surprise of 62.9%, on average. Shares of this Zacks Rank #1 (Strong Buy) company rose 0.1% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.
Rocky Brands: Rocky Brands is a leading footwear and accessories company that designs, manufactures and markets premium quality footwear and apparel under a portfolio of well-recognized brand names. The company's notable brands portfolio includes Rocky, Georgia Boot, Durango, Lehigh, The Original Muck Boot Company, XTRATUF, Servus, NEOS and Ranger. RCKY is benefiting from the flexibility and ability to innovate quickly, given its small size of business.
Rocky Brands has been witnessing robust demand for its portfolio of leading brands, which has been aiding performance. The company is making strong progress in regaining the full efficiency of its Ohio distribution center, which along with the new distribution center in Reno, NV, is likely to have improved shipping capacity.
The Zacks Consensus Estimate for its 2022 earnings has been unchanged in the past 30 days. It has a trailing four-quarter negative earnings surprise of 2.3%, on average. This Zacks Rank #1 stock has declined 32.6% in the past year.
Steven Madden: Steven Madden designs, sources, markets and sells fashion-forward name brand and private label footwear for women, men, and children and private label fashion handbags and accessories globally. SHOO has been gaining from a robust e-commerce momentum, product assortments and accelerated business recovery.
The company's focus on creating trend-right merchandise assortment, deepening relations with customers via marketing, enhancing the digital commerce agenda, expanding international markets and efficiently controlling expenses bodes well. This has been boosting consumer demand, thereby contributing to the overall performance for a while now.
Strength in SHOO's digital and brick-and-mortar channels bodes well. Management is on track to expand the international business. The company's e-commerce wing continues to gain from prudent investments in digital marketing as well as efforts to optimize the features and functionality of its website.
Steven Madden has also been significantly accelerating its digital commerce initiatives with respect to distribution. SHOO has a trailing four-quarter earnings surprise of 44%, on average. The consensus estimate for the company's 2022 EPS has moved down by a penny in the past seven days. Shares of the Zacks Rank #2 (Buy) footwear company have declined 18.2% in the past year.
Skechers: Skechers is a leading manufacturer and seller of footwear for men, women and children in the United States and overseas. SKX has been gaining from the continued demand for comfort products and momentum in the direct-to-consumer business. Skechers remains focused on developing comfort footwear, expanding apparel offerings, advancing e-commerce capabilities and tapping opportunities to drive overall sales.
Growth across the domestic and international channels, driven by wholesale and direct-to-consumer sales, bodes well. The company remains committed to directing resources to enhance its digital capabilities, which include 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 drive greater sales.
Skechers' investments in long-term growth strategies, including brands and infrastructural capabilities, have been yielding results. Management is optimistic regarding the strength of its brands and the relevance of its products in the forthcoming periods.
Shares of the Manhattan Beach, CA-based company have declined 19.5% in the past year. The company has a trailing four-quarter earnings surprise of 23.6%, on average. The consensus estimate for SKX's 2022 EPS has been unchanged in the past 30 days. It currently carries a Zacks Rank #3 (Hold).
Deckers: This Goleta, CA-based company is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. The company sells products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk, and Koolaburra. Strength in HOKA ONE ONE and UGG brands as well as growth in direct-to-consumer and wholesale channels has been aiding DECK's performance.
Deckers is targeting profitable and underpenetrated markets, and remains focused on product innovations, store expansion and enhancing e-commerce capabilities. The company's focus on expanding its brand assortments, bringing a more innovative line of products, targeting consumers digitally and optimizing omni-channel distribution bode well.
In keeping with the changing trends, Deckers has been constantly developing its e-commerce portal to capture incremental sales. DECK has made substantial investments to strengthen its online presence and improve shopping experience for its customers.
The company's focus on opening smaller concept omni-channel outlets and expanding programs such as Retail Inventory Online; Infinite UGG; Buy Online, Return In Store; and Click and Collect to enhance customers' shopping experience is likely to boost the top line in the quarters ahead. DECK has a trailing four-quarter earnings surprise of 1,115%, on average.
Shares of the Zacks Rank #3 company have declined 19.3% in the past year. The consensus estimate for its fiscal 2023 EPS has moved up 3.4% in the past 30 days.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Steven Madden, Ltd. (SHOO): Free Stock Analysis Report
Rocky Brands, Inc. (RCKY): 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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For Immediate Release Chicago, IL – June 14, 2022 – Today, Zacks Equity Research discusses Deckers Outdoor DECK, Skechers U.S.A., Inc. SKX, Steven Madden SHOO, Caleres CAL and Rocky Brands RCKY. Deckers: This Goleta, CA-based company is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Investments in products and e-commerce portals bode well for players like Deckers Outdoor, Skechers U.S.A., Inc., Steven Madden, Caleres and Rocky Brands.
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For Immediate Release Chicago, IL – June 14, 2022 – Today, Zacks Equity Research discusses Deckers Outdoor DECK, Skechers U.S.A., Inc. SKX, Steven Madden SHOO, Caleres CAL and Rocky Brands RCKY. Investments in products and e-commerce portals bode well for players like Deckers Outdoor, Skechers U.S.A., Inc., Steven Madden, Caleres and Rocky Brands. Deckers: This Goleta, CA-based company is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities.
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For Immediate Release Chicago, IL – June 14, 2022 – Today, Zacks Equity Research discusses Deckers Outdoor DECK, Skechers U.S.A., Inc. SKX, Steven Madden SHOO, Caleres CAL and Rocky Brands RCKY. Investments in products and e-commerce portals bode well for players like Deckers Outdoor, Skechers U.S.A., Inc., Steven Madden, Caleres and Rocky Brands. Deckers: This Goleta, CA-based company is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities.
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Investments in products and e-commerce portals bode well for players like Deckers Outdoor, Skechers U.S.A., Inc., Steven Madden, Caleres and Rocky Brands. For Immediate Release Chicago, IL – June 14, 2022 – Today, Zacks Equity Research discusses Deckers Outdoor DECK, Skechers U.S.A., Inc. SKX, Steven Madden SHOO, Caleres CAL and Rocky Brands RCKY. Deckers: This Goleta, CA-based company is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities.
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0b2eea3c-8e33-48a7-8548-87cfce0449bb
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724026.0
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2022-06-13 00:00:00 UTC
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5 Shoes & Retail Apparel Stocks to Eye in a Prospering Industry
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DECK
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https://www.nasdaq.com/articles/5-shoes-retail-apparel-stocks-to-eye-in-a-prospering-industry
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nan
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nan
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Companies in the Zacks Shoes and Retail Apparel industry have been benefiting from continued demand for activewear and footwear, given the adoption of a healthy lifestyle. The industry players focused on product innovation, store expansion, digital investments and omni-channel growth are poised to gain in the current market. This has compelled the activewear segment to resort to innovations to make their assortments more comfortable and fashionable. However, elevated costs related to supply-chain headwinds, as well as to support brand campaigns and digital investments have been deterrents.
The industry participants have been consistently investing in product innovation based on customer feedback and requirements. Investments in products and e-commerce portals bode well for players like Deckers Outdoor DECK, Skechers U.S.A., Inc. SKX, Steven Madden SHOO, Caleres CAL and Rocky Brands RCKY.
About the Industry
The Zacks Shoes and Retail Apparel industry comprises companies that design, source and market clothing, footwear and accessories for men, women and children under various brand names. The product offerings of the companies mostly include athletic and casual footwear, fashion apparel and activewear, sports equipment, bags, balls, and other sports and fashion accessories. The companies showcase their products through their branded outlets and websites. However, some companies also distribute products via other retail stores such as national chains, online retailers, sporting goods stores, department stores, mass merchandisers, independent retailers and catalogs.
A Look at What's Shaping Shoes and Retail Apparel Industry's Future
Fitness Trends Aid Industry: Rising health consciousness and the willingness to live an active lifestyle and look fit have led consumers to incorporate sports and fitness routines into their daily lives. The demand for activewear/athleisure products has increased significantly over time, which is expected to accelerate in 2022. Athletic goods and apparel companies now offer everything from sweatshirts, leggings, pants, jackets and tops to yoga wear and running clothes for both men and women. People are clubbing athleisure styles like tops with blazers to give them a formal look at office meetings. The participants remain focused on product innovations, store expansion and enhancing e-commerce capabilities to gain market share. The companies continue to innovate styles, materials and colors and incorporate functional designs to grab a large share of the fast-growing market. The increased participation of women in sports and outdoor activities in recent years has been a boon for the industry.
E-Commerce Investments: E-commerce has been playing a crucial role in the athleisure market’s growth. The companies in the segment are looking to build a customer base through websites, social media and other digital channels. As consumers continue to show interest in shopping from home, growth of athletic-inspired apparel and digital sales are likely to stay. Companies focused on expanding their athletic-based apparel lines and building on e-commerce capabilities are expected to witness growth in 2022. Efforts to accelerate deliveries through investments in supply chain and order fulfillment avenues are likely to provide an edge in the market. Simultaneously, companies are investing in renovations and improved checkouts as well as mobile point-of-sale capabilities to make stores attractive. The efforts to enhance the guest experience through multiple channels are likely to contribute significantly to improving traffic and transactions both in stores and online.
Cost Headwinds: Companies are witnessing elevated costs due to factors like commodity cost inflation, increase in freight costs and reinvestments and other impacts. A number of companies project increased freight and logistics costs to hurt margins in the near term. Elevated marketing expenses, higher operating overhead and demand-creating expenses, and increased investments toward enhancing store and digital operations have been pushing up SG&A costs. Also, the companies are witnessing higher costs to support brand campaigns and digital investments. The return of sporting activities and events has resulted in higher costs compared with the last year’s COVID-related closure. Additionally, a tough and competitive labor market remains a concern. These factors pose a threat to industry players’ margins.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Shoes and Retail Apparel Industry is a 12-stock group within the broader Zacks Consumer Discretionary sector. The industry currently carries a Zacks Industry Rank #96, which places it in the top 38% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates continued outperformance in the near term. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gaining confidence in this group’s earnings growth potential.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and the valuation picture.
Industry Vs. the Sector
The Zacks Shoes and Retail Apparel industry has outperformed its sector but underperformed the S&P 500 in the past year.
While stocks in the industry have collectively declined 13.7%, the Zacks S&P 500 composite has dropped 12%. Meanwhile, the Zacks Consumer Discretionary sector has declined 39.4%.
One-Year Price Performance
Shoes and Retail Apparel Industry's Valuation
On the basis of forward 12-month price-to-earnings (P/E), which is commonly used for valuing Consumer Discretionary stocks, the industry is currently trading at 22.07X compared with the S&P 500’s 16.65X and the sector’s 17.52X.
Over the last five years, the industry has traded as high as 36.79X and as low as 19.59X, with the median being at 25.81X, as the chart below shows.
Price-to-Earnings Ratio (Past 5 Years)
5 Shoes & Retail Apparel Stocks to Watch
Caleres: Caleres is a leading footwear retailer and wholesaler in the United States, China, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The stock of this Saint Louis, MO-based company has been benefiting from positive consumer demand trends and accelerated recovery in the footwear marketplace, which have been aiding its sales. The momentum in the Famous Footwear brand is expected to contribute meaningfully to sales growth. Strong performances of CAL’s emerging brands, including Vionic, Sam Edelman, Allen Edmonds and Blowfish Malibu, are expected to be drivers.
Management anticipates strong performance at the Famous Footwear brand and gains in Brand Portfolio, leveraging of diversified brand model and the continued execution of ongoing strategic priorities to aid CAL’s performance. Caleres's focus on the consumer's evolving preferences and efforts to drive growth across its omni-channel ecosystem bode well. The consensus estimate for CAL’s fiscal 2022 EPS has moved up 11.3% in the past 30 days. The company has a trailing four-quarter earnings surprise of 62.9%, on average. Shares of this Zacks Rank #1 (Strong Buy) company rose 0.1% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here. .
Price and Consensus: CAL
Rocky Brands: Rocky Brands is a leading footwear and accessories company that designs, manufactures and markets premium quality footwear and apparel under a portfolio of well-recognized brand names. The company’s notable brands portfolio includes Rocky, Georgia Boot, Durango, Lehigh, The Original Muck Boot Company, XTRATUF, Servus, NEOS and Ranger. RCKY is benefiting from the flexibility and ability to innovate quickly, given its small size of business.
Rocky Brands has been witnessing robust demand for its portfolio of leading brands, which has been aiding performance. The company is making strong progress in regaining the full efficiency of its Ohio distribution center, which along with the new distribution center in Reno, NV, is likely to have improved shipping capacity. The Zacks Consensus Estimate for its 2022 earnings has been unchanged in the past 30 days. It has a trailing four-quarter negative earnings surprise of 2.3%, on average. This Zacks Rank #1 stock has declined 32.6% in the past year.
Price and Consensus: RCKY
Steven Madden: Steven Madden designs, sources, markets and sells fashion-forward name brand and private label footwear for women, men, and children and private label fashion handbags and accessories globally. SHOO has been gaining from a robust e-commerce momentum, product assortments and accelerated business recovery. The company’s focus on creating trend-right merchandise assortment, deepening relations with customers via marketing, enhancing the digital commerce agenda, expanding international markets and efficiently controlling expenses bodes well. This has been boosting consumer demand, thereby contributing to the overall performance for a while now.
Strength in SHOO’s digital and brick-and-mortar channels bodes well. Management is on track to expand the international business. The company’s e-commerce wing continues to gain from prudent investments in digital marketing as well as efforts to optimize the features and functionality of its website. Steven Madden has also been significantly accelerating its digital commerce initiatives with respect to distribution. SHOO has a trailing four-quarter earnings surprise of 44%, on average. The consensus estimate for the company’s 2022 EPS has moved down by a penny in the past seven days. Shares of the Zacks Rank #2 (Buy) footwear company have declined 18.2% in the past year.
Price and Consensus: SHOO
Skechers: Skechers is a leading manufacturer and seller of footwear for men, women and children in the United States and overseas. SKX has been gaining from the continued demand for comfort products and momentum in the direct-to-consumer business. Skechers remains focused on developing comfort footwear, expanding apparel offerings, advancing e-commerce capabilities and tapping opportunities to drive overall sales. Growth across the domestic and international channels, driven by wholesale and direct-to-consumer sales, bodes well. The company remains committed to directing resources to enhance its digital capabilities, which include 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 drive greater sales.
Skechers’ investments in long-term growth strategies, including brands and infrastructural capabilities, have been yielding results. Management is optimistic regarding the strength of its brands and the relevance of its products in the forthcoming periods. Shares of the Manhattan Beach, CA-based company have declined 19.5% in the past year. The company has a trailing four-quarter earnings surprise of 23.6%, on average. The consensus estimate for SKX’s 2022 EPS has been unchanged in the past 30 days. It currently carries a Zacks Rank #3 (Hold).
Price and Consensus: SKX
Deckers: This Goleta, CA-based company is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. The company sells products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk, and Koolaburra. Strength in HOKA ONE ONE and UGG brands as well as growth in direct-to-consumer and wholesale channels has been aiding DECK’s performance. Deckers is targeting profitable and underpenetrated markets, and remains focused on product innovations, store expansion and enhancing e-commerce capabilities. The company’s focus on expanding its brand assortments, bringing a more innovative line of products, targeting consumers digitally and optimizing omni-channel distribution bode well.
In keeping with the changing trends, Deckers has been constantly developing its e-commerce portal to capture incremental sales. DECK has made substantial investments to strengthen its online presence and improve shopping experience for its customers. The company’s focus on opening smaller concept omni-channel outlets and expanding programs such as Retail Inventory Online; Infinite UGG; Buy Online, Return In Store; and Click and Collect to enhance customers’ shopping experience is likely to boost the top line in the quarters ahead. DECK has a trailing four-quarter earnings surprise of 1,115%, on average. Shares of the Zacks Rank #3 company have declined 19.3% in the past year. The consensus estimate for its fiscal 2023 EPS has moved up 3.4% in the past 30 days.
Price and Consensus: DECK
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report
Steven Madden, Ltd. (SHOO): Free Stock Analysis Report
Rocky Brands, Inc. (RCKY): 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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Investments in products and e-commerce portals bode well for players like Deckers Outdoor DECK, Skechers U.S.A., Inc. SKX, Steven Madden SHOO, Caleres CAL and Rocky Brands RCKY. Deckers: This Goleta, CA-based company is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Strength in HOKA ONE ONE and UGG brands as well as growth in direct-to-consumer and wholesale channels has been aiding DECK’s performance.
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Investments in products and e-commerce portals bode well for players like Deckers Outdoor DECK, Skechers U.S.A., Inc. SKX, Steven Madden SHOO, Caleres CAL and Rocky Brands RCKY. Deckers: This Goleta, CA-based company is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Strength in HOKA ONE ONE and UGG brands as well as growth in direct-to-consumer and wholesale channels has been aiding DECK’s performance.
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Investments in products and e-commerce portals bode well for players like Deckers Outdoor DECK, Skechers U.S.A., Inc. SKX, Steven Madden SHOO, Caleres CAL and Rocky Brands RCKY. Deckers: This Goleta, CA-based company is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Strength in HOKA ONE ONE and UGG brands as well as growth in direct-to-consumer and wholesale channels has been aiding DECK’s performance.
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Investments in products and e-commerce portals bode well for players like Deckers Outdoor DECK, Skechers U.S.A., Inc. SKX, Steven Madden SHOO, Caleres CAL and Rocky Brands RCKY. Deckers: This Goleta, CA-based company is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Strength in HOKA ONE ONE and UGG brands as well as growth in direct-to-consumer and wholesale channels has been aiding DECK’s performance.
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b2c6d63a-03b0-4d99-abdd-f4217d3a4650
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724027.0
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2022-05-29 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Martin Zweig - 5/29/2022
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-martin-zweig-5-29-2022
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nan
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nan
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The following are the top rated Consumer Cyclical stocks according to Validea's Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. The rating according to our strategy based on Martin Zweig is 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. The Company operates through six operating segments, the UGG brand segment offers footwear, apparel, and accessories with expanded product offerings. HOKA Brand segment provides footwear and apparel that offers enhanced cushioning and inherent stability with minimal weight. Teva Brand segment is a multi-category modern outdoor lifestyle brand offering a range of casual, and trail lifestyle products. Sanuk Brand segment is a lifestyle brand with a presence in the relaxed casual shoe and sandal categories. Other Brands segment consist of the Koolaburra by UGG brand. The Koolaburra brand is a casual footwear fashion line using sheepskin and other plush materials. The Direct-to-Consumer segment consist of retail stores and e-commerce websites which, in an omni-channel marketplace, are intertwined.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of DECKERS OUTDOOR CORP
Full Guru Analysis for DECK>
Full Factor Report for DECK>
POOL CORPORATION (POOL) is a large-cap growth stock in the Recreational Products industry. The rating according to our strategy based on Martin Zweig is 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. The Company operates sales centers in North America, Europe and Australia through its distribution networks, which includes SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon), National Pool Tile (NPT) and Sun Wholesale Supply, Inc. (Sun Wholesale). The Company's NPT network primarily serves the swimming pool market but does provide some overlap with the irrigation and landscape industries as it offers its brand of pool tile, composite pool finish products and hardscapes. It also offers virtual tools for homeowners to select and design their pool and outdoor environments, working with their chosen contractors to install these products. The Company offers its products to swimming pool remodelers and builders, specialty retailers, and among others.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of POOL CORPORATION
Full Guru Analysis for POOL>
Full Factor Report for POOL>
ETHAN ALLEN INTERIORS INC. (ETD) is a small-cap value stock in the Furniture & Fixtures industry. The rating according to our strategy based on Martin Zweig is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ethan Allen Interiors Inc. is an interior design company. The Company is a manufacturer and retailer in the home furnishings marketplace. It is an international home fashion brand that is vertically integrated from design through delivery. The Company operates through two segments: wholesale and retail. It provides complimentary interior design service to clients and sell a wide range of home furnishings through a retail network of approximately 300 design centers in the United States and abroad as well as online at ethanallen.com. The wholesale segment is principally involved in the development of the Ethan Allen brand and encompasses all aspects of design, manufacturing, sourcing, marketing, sale, and distribution of broad range of home furnishings and accents. It operates approximately 141 retail design centers with 136 located in the United States and five in Canada. The Company owns and operates nine manufacturing facilities.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of ETHAN ALLEN INTERIORS INC.
Full Guru Analysis for ETD>
Full Factor Report for ETD>
G-III APPAREL GROUP, LTD. (GIII) is a small-cap value stock in the Apparel/Accessories industry. The rating according to our strategy based on Martin Zweig is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: G-III Apparel Group, Ltd. designs, sources, and markets a range of apparel, including outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear, as well as women's handbags, footwear, small leather goods, cold weather accessories and luggage. The Company's segments include wholesale operations and retail operations. The wholesale operations segment includes sales of products to retailers under-owned, licensed, and private label brands, as well as sales related to the Vilebrequin business. The retail operations segment consists of direct sales to consumers through its Company-operated stores and through digital channels. It consists of its DKNY and Karl Lagerfeld Paris stores, as well as the digital channels for DKNY, Donna Karan, Karl Lagerfeld Paris, G.H. Bass, Andrew Marc and Wilsons Leather. Its digital business consists of its own Web platforms at www.dkny.com, www.donnakaran.com, www.ghbass.com, www.vilebrequin.com, and www.andrewmarc.com.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of G-III APPAREL GROUP, LTD.
Full Guru Analysis for GIII>
Full Factor Report for GIII>
GILDAN ACTIVEWEAR INC (USA) (GIL) is a mid-cap value stock in the Apparel/Accessories industry. The rating according to our strategy based on Martin Zweig is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Gildan Activewear Inc. is a Canada-based, vertically integrated manufacturer of everyday basic apparel, including activewear, underwear, and hosiery products. The Company's primary product categories include activewear tops and bottoms (activewear), socks (hosiery), underwear tops and bottoms (underwear) and intimates. Its activewear product lines include T-shirts, fleece tops and bottoms, and sports shirts. Its hosiery product lines include athletic, dress, casual and workwear socks, liner socks, socks for therapeutic purposes, sheer panty hose, tights, and leggings. Its underwear product lines include men's and boy's underwear (tops and bottoms) and ladies panties. The Company's intimates product lines include ladies shapewear, intimates, and accessories. The products it manufactures, and sells are marketed under Company brands, including Gildan, American Apparel, Comfort Colors, Gildan Hammer, Alstyle and GoldToe. It also sells socks under the Under Armour brand.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of GILDAN ACTIVEWEAR INC (USA)
Full Guru Analysis for GIL>
Full Factor Report for GIL>
More details on Validea's Martin Zweig strategy
About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Zweig has managed both mutual and hedge funds during his career, and he's put the fortune he's compiled to some interesting uses. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports.
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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Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> POOL CORPORATION (POOL) is a large-cap growth stock in the Recreational Products industry.
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DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> POOL CORPORATION (POOL) is a large-cap growth stock in the Recreational Products industry.
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Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> POOL CORPORATION (POOL) is a large-cap growth stock in the Recreational Products industry. DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities.
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DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> POOL CORPORATION (POOL) is a large-cap growth stock in the Recreational Products industry.
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f9513311-ff51-419c-a193-73f9fd879140
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724028.0
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2022-05-26 00:00:00 UTC
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Bring Comfort to Your Portfolio With This Shoemaker's Stock
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DECK
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https://www.nasdaq.com/articles/bring-comfort-to-your-portfolio-with-this-shoemakers-stock
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nan
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nan
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Investors looking to slip into a profitable stock that is growing both revenue and earnings -- and at the same time trading at a reasonable valuation -- might find Deckers Outdoor (NYSE: DECK) a good fit.
While readers might not be familiar with the Deckers name, it is the parent company of one brand that most will certainly know: Ugg, the maker of unmistakable fuzzy boots and slippers. Love them or hate them, Uggs have become inescapable in this day and age. There's a good chance someone you never expected to see wearing Uggs is wearing a pair of their slippers or sandals around the house right now.
I too recently became an owner of Uggs slippers for the first time. Even Tom Brady is a fan, so I guess I am in good company. Beyond Ugg, Deckers has several other brands in its portfolio, including Teva, primarily known for sandals; Sanuk, best-known for slip-on sneakers and loafers; and Hoka, which makes high-performance running shoes, hiking shoes, and sandals (for aching feet). The company also owns Koolaburra, a family-oriented brand under the Ugg umbrella.
Image source: Getty Images.
Ugg is the mainstay, Hoka is the crown jewel
Deckers recently reported results from an impressive fourth quarter in which it increased revenue by 31.2% year over year to $736 million. It also increased full-year revenue by 24% from 2021, crossing over the $3 billion mark for the first time -- and that's after hitting $2 billion for the first time just three years ago.
The company's staple brand, Ugg, grew sales nearly 25% year over year to $374.6 million. Teva and Sanuk, two smaller parts of the company, saw sales decline by 8.8% (to $54.8 million) and 1.7% (to $11.9 million), respectively.
Ugg is a growth story years after it burst into the public consciousness, because it continues to expand and diversify its product offerings. For example, the company has done a great job of expanding its reach with men, and products outside of the women's classics now make up 65% of Ugg's sales. The company also keeps revamping its classics, including updates to the Tasman and the Ultra Mini.
The big story here is Hoka. The maker of running footwear increased sales by an eye-popping 59.7% year over year to $283.5 million this year. It also increased direct-to-consumer (DTC) sales by 58%, and at the same time it is expanding its efforts to partner with retailers. For example, Hoka will now partner with Foot Locker (NYSE: FL), which Deckers CEO Dave Powers thinks will increase Hoka's brand awareness with younger consumers.
Hoka has been opening up pop-up stores in cities like New York, Chicago, and Los Angeles, which have been well-received, and Powers says the company aims to open its first physical retail location in New York City by the end of fiscal 2023. While growth has been fantastic so far, there is plenty of room for Hoka to keep growing as it expands into new channels, develops more of a physical presence, and furthers itself as a lifestyle brand -- spreading out from just hard-core runners.
Powers says he wants to build Hoka "into a multibillion-dollar major player in the performance athletic space." While that is a long way off, the signs so far are encouraging, and it means we could still be in the early innings of the Hoka story.
Valuation and returns to shareholders
Despite this solid operating performance, shares of Deckers still look attractive from a valuation perspective -- trading at a modest 13 times forward earnings. Looking at its price/earnings-to-growth (PEG) ratio, which was popularized by renowned investor Peter Lynch, Deckers also appears attractive at a PEG ratio of just under 1, which the investment community generally considers to be undervalued.
While Deckers does not pay a dividend, it is returning a significant amount of capital to shareholders by using share buybacks. The company repurchased $90 million worth of shares in the fourth quarter and $357 million worth over the course of the year. Deckers is allowed to buy back another $454 million in shares under its current stock repurchase authorization.
Is Deckers Outdoor a buy?
Deckers Outdoor is quietly humming along with its Ugg brand firing on all cylinders and its Hoka brand becoming the red-hot growth story within the portfolio. The company is growing revenue and earnings and repurchasing shares. On top of this, shares trade at a modest valuation, so Deckers Outdoor indeed looks like a good fit for investors.
10 stocks we like better than Deckers Outdoor
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Deckers Outdoor wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of April 27, 2022
Michael Byrne has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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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Investors looking to slip into a profitable stock that is growing both revenue and earnings -- and at the same time trading at a reasonable valuation -- might find Deckers Outdoor (NYSE: DECK) a good fit. While readers might not be familiar with the Deckers name, it is the parent company of one brand that most will certainly know: Ugg, the maker of unmistakable fuzzy boots and slippers. Beyond Ugg, Deckers has several other brands in its portfolio, including Teva, primarily known for sandals; Sanuk, best-known for slip-on sneakers and loafers; and Hoka, which makes high-performance running shoes, hiking shoes, and sandals (for aching feet).
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Investors looking to slip into a profitable stock that is growing both revenue and earnings -- and at the same time trading at a reasonable valuation -- might find Deckers Outdoor (NYSE: DECK) a good fit. Valuation and returns to shareholders Despite this solid operating performance, shares of Deckers still look attractive from a valuation perspective -- trading at a modest 13 times forward earnings. While readers might not be familiar with the Deckers name, it is the parent company of one brand that most will certainly know: Ugg, the maker of unmistakable fuzzy boots and slippers.
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Ugg is the mainstay, Hoka is the crown jewel Deckers recently reported results from an impressive fourth quarter in which it increased revenue by 31.2% year over year to $736 million. Deckers Outdoor is quietly humming along with its Ugg brand firing on all cylinders and its Hoka brand becoming the red-hot growth story within the portfolio. Investors looking to slip into a profitable stock that is growing both revenue and earnings -- and at the same time trading at a reasonable valuation -- might find Deckers Outdoor (NYSE: DECK) a good fit.
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Deckers Outdoor is quietly humming along with its Ugg brand firing on all cylinders and its Hoka brand becoming the red-hot growth story within the portfolio. 10 stocks we like better than Deckers Outdoor When our award-winning analyst team has a stock tip, it can pay to listen. Investors looking to slip into a profitable stock that is growing both revenue and earnings -- and at the same time trading at a reasonable valuation -- might find Deckers Outdoor (NYSE: DECK) a good fit.
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6a6ba027-4f72-4232-8c6c-e975a5205609
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724029.0
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2022-05-23 00:00:00 UTC
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Deckers' (DECK) Q4 Earnings Beat, HOKA Brand Shows Strength
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DECK
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https://www.nasdaq.com/articles/deckers-deck-q4-earnings-beat-hoka-brand-shows-strength
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nan
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nan
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Deckers Outdoor Corporation DECK reported better-than-expected fourth-quarter fiscal 2022 results despite the ongoing supply-chain challenges. Both sales and earnings improved year over year. Strength in HOKA ONE ONE and UGG brands as well as growth in direct-to-consumer and wholesale channels contributed to DECK’s performance.
Shares of this presently Zacks Rank #3 (Hold) stock have risen 1.3% in the past three months against the industry’s decline of 10.2%.
Let’s Delve Deeper
Deckers posted quarterly earnings of $2.51 per share that surpassed the Zacks Consensus Estimate of $1.35. Also, the reported figure increased significantly from $1.18 per share earned in the year-ago quarter. Higher sales and margins aided the bottom-line results.
Deckers Outdoor Corporation Price, Consensus and EPS Surprise
Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote
Net sales of this Goleta, CA-based player rose 31.2% year over year to $736 million and came ahead of the Zacks Consensus Estimate of $644.2 million. On a constant currency basis, net sales grew 31.7%. Top-line growth was driven by the UGG and HOKA ONE ONE brands as well as increased domestic and wholesale sales.
We note that the gross margin contracted 450 basis points to 48.7% during the quarter due to higher freight costs of 490 bps, mainly from elevated air usage and higher ocean rates, adverse channel mix and unfavorable foreign currency translations, partly offset by HOKA margins gaining from price increases and a favorable brand mix.
SG&A expenses climbed 13.7% year over year to $277.4 million due to increased headcount, marketing and performance-related compensation.
DECK posted an operating income of $81.3 million, up 48.9% from the year-ago quarter’s level. Again, the operating margin expanded 130 basis points to 11%.
Sales by Geography & Channel
Deckers’ domestic net sales climbed 37.4% year over year to $521 million during the quarter under review. We note that international net sales advanced 18.2% to $215.1 million from the year-ago period’s level.
By channel, wholesale net sales grew 37.6% to $448.8 million. Direct-to-consumer net sales increased 22.2% to $287.2 million. Comparable direct-to-consumer net sales advanced 19.3% from the same-period level last year.
Brand Wise Discussion
UGG brand net sales rose 24.7% year over year to $374.6 million, while HOKA ONE ONE brand net sales increased 59.7% to $283.5 million during the reported quarter. Teva brand net sales declined 8.8% to $54.8 million.
Net sales for the Sanuk brand dipped 1.7% to $11.9 million. Net sales for the Other brands, mainly comprising Koolaburra, inched up 2.4% to $11.2 million.
Other Financial Aspects
Cash and cash equivalents stood at $843.5 million as of Mar 31, 2022, compared with $1.089 billion as of Mar 31, 2021. DECK ended the quarter with total stockholders’ equity of $1,538.8 million. There were no outstanding borrowings.
During the quarter, Deckers repurchased about 308 thousand shares for $90 million. DECK bought back 1.044 million shares for $356.7 million during the full fiscal. As of Mar 31, 2022, DECK had $454 million remaining under its share repurchase authorization.
Outlook
Deckers envisions fiscal 2023 net sales in the range of $3.45-$3.50 billion, indicating growth from $3.150 billion reported in fiscal 2022.
Gross margin is anticipated to be 51.5% for fiscal 2023. SG&A expenses, as a percentage of sales, are projected to be about 34%, with the operating margin now expected in the 17.5-18% range.
DECK now expects fiscal 2023 earnings to be $17.40-$18.25 per share, higher than $16.26 earned last fiscal year.
Eye These Solid Picks
A few better-ranked stocks in the Consumer Discretionary space are Oxford Industries OXM, G-III Apparel GIII and Gildan Activewear GIL.
Oxford Industries currently sports a Zacks Rank # 1 (Strong Buy). OXM has a trailing four-quarter earnings surprise of 112.8%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Oxford Industries’ current financial year’s sales and EPS suggests growth of 10.2% and 13%, respectively, from the corresponding year-ago reported numbers.
G-III Apparel currently sports a Zacks Rank of 1. GIII has a trailing four-quarter earnings surprise of 160.6%, on average.
The Zacks Consensus Estimate for G-III Apparel 's current financial-year sales suggests growth of 8.7% while the same for EPS indicates a rise of 5.2% from the respective year-ago reported figures.
Gildan Activewear has a Zacks Rank #2 (Buy) at present. GIL has an expected long-term earnings growth rate of 8%.
The Zacks Consensus Estimate for Gildan Activewear’s 2022 sales and EPS suggests growth of 8.9% and 3.3%, respectively, from the corresponding year-ago reported figures. GIL has a trailing four-quarter earnings surprise of 66.6%, on average.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
GIII Apparel Group, LTD. (GIII): Free Stock Analysis Report
Gildan Activewear, Inc. (GIL): 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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Deckers Outdoor Corporation DECK reported better-than-expected fourth-quarter fiscal 2022 results despite the ongoing supply-chain challenges. Strength in HOKA ONE ONE and UGG brands as well as growth in direct-to-consumer and wholesale channels contributed to DECK’s performance. Let’s Delve Deeper Deckers posted quarterly earnings of $2.51 per share that surpassed the Zacks Consensus Estimate of $1.35.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote Net sales of this Goleta, CA-based player rose 31.2% year over year to $736 million and came ahead of the Zacks Consensus Estimate of $644.2 million. Deckers Outdoor Corporation DECK reported better-than-expected fourth-quarter fiscal 2022 results despite the ongoing supply-chain challenges. Strength in HOKA ONE ONE and UGG brands as well as growth in direct-to-consumer and wholesale channels contributed to DECK’s performance.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote Net sales of this Goleta, CA-based player rose 31.2% year over year to $736 million and came ahead of the Zacks Consensus Estimate of $644.2 million. Sales by Geography & Channel Deckers’ domestic net sales climbed 37.4% year over year to $521 million during the quarter under review. Deckers Outdoor Corporation DECK reported better-than-expected fourth-quarter fiscal 2022 results despite the ongoing supply-chain challenges.
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DECK now expects fiscal 2023 earnings to be $17.40-$18.25 per share, higher than $16.26 earned last fiscal year. Deckers Outdoor Corporation DECK reported better-than-expected fourth-quarter fiscal 2022 results despite the ongoing supply-chain challenges. Strength in HOKA ONE ONE and UGG brands as well as growth in direct-to-consumer and wholesale channels contributed to DECK’s performance.
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38d940cc-0632-4e66-9dd8-c5f8f5fc6ce7
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724030.0
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2022-05-20 00:00:00 UTC
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Why Deckers Brands Stock Popped Today
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DECK
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https://www.nasdaq.com/articles/why-deckers-brands-stock-popped-today
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nan
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nan
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What happened
Shares of Deckers Brands (NYSE: DECK) jumped 12.6% on Friday after the footwear and apparel company delivered sales and profits that exceeded investors' expectations.
So what
Deckers' revenue surged 31.2% year over year to $736 million in its fiscal 2022 fourth quarter, which ended on March 31. The gains were broad-based, with wholesale net sales up 37.6%, to $448.8 million, and direct-to-consumer net sales up 22.2%, to $287.2 million.
Deckers' most important brands enjoyed solid growth. UGG brand sales rose 24.7% to $374.6 million, while HOKA brand sales soared 59.7% to $283.5 million.
"We have delivered two consecutive years of exceptional revenue growth, with accelerating increases over the prior year of 23.8% and 19.4%, for fiscal years 2022 and 2021, respectively," Chief Financial Officer Steve Fasching said in a press release.
Deckers' causal clothing is proving popular among consumers. Image source: Deckers Brands.
Deckers did an admirable job of managing supply chain disruptions that have weighed on many retailers' profitability. While rising costs drove its gross margin down to 48.7% from 53.2% in the prior-year quarter, its operating margin improved to 11% from 9.7%. Deckers' operating income, in turn, leaped 49% to $81.3 million.
All told, Deckers' earnings per share increased 113% to $2.51. That crushed Wall Street's estimates, which had called for per-share profits of $1.25.
Now what
Looking ahead, management expects Deckers' revenue to grow more than 10% to roughly $3.5 billion in fiscal 2023. The company also anticipates earnings per share of $17.40 to $18.25.
"With our in-demand brands, flexible operating model, and strong balance sheet, Deckers is well-positioned to drive continued top-line growth and high levels of profitability," CEO Dave Powers said.
10 stocks we like better than Deckers Brands
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Deckers Outdoor wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of April 27, 2022
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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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What happened Shares of Deckers Brands (NYSE: DECK) jumped 12.6% on Friday after the footwear and apparel company delivered sales and profits that exceeded investors' expectations. Deckers did an admirable job of managing supply chain disruptions that have weighed on many retailers' profitability. "With our in-demand brands, flexible operating model, and strong balance sheet, Deckers is well-positioned to drive continued top-line growth and high levels of profitability," CEO Dave Powers said.
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What happened Shares of Deckers Brands (NYSE: DECK) jumped 12.6% on Friday after the footwear and apparel company delivered sales and profits that exceeded investors' expectations. Now what Looking ahead, management expects Deckers' revenue to grow more than 10% to roughly $3.5 billion in fiscal 2023. So what Deckers' revenue surged 31.2% year over year to $736 million in its fiscal 2022 fourth quarter, which ended on March 31.
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What happened Shares of Deckers Brands (NYSE: DECK) jumped 12.6% on Friday after the footwear and apparel company delivered sales and profits that exceeded investors' expectations. 10 stocks we like better than Deckers Brands When our award-winning analyst team has a stock tip, it can pay to listen. So what Deckers' revenue surged 31.2% year over year to $736 million in its fiscal 2022 fourth quarter, which ended on March 31.
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What happened Shares of Deckers Brands (NYSE: DECK) jumped 12.6% on Friday after the footwear and apparel company delivered sales and profits that exceeded investors' expectations. So what Deckers' revenue surged 31.2% year over year to $736 million in its fiscal 2022 fourth quarter, which ended on March 31. Deckers' most important brands enjoyed solid growth.
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a6f33630-7b59-4c57-8e16-fee96de6a4e0
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724031.0
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2022-05-20 00:00:00 UTC
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Consumer Sector Update for 05/20/2022: ROST,FL,DECK
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DECK
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https://www.nasdaq.com/articles/consumer-sector-update-for-05-20-2022%3A-rostfldeck
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nan
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nan
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Consumer stocks were broadly lower in Friday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) dropping 1.0% and the SPDR Consumer Discretionary Select Sector ETF (XLY) retreating 4.0%.
In company news, Ross Stores (ROST) was sinking over 23%, dropping to its lowest share price since October 2017, after the retailer posted lower fiscal Q1 earnings and sales late Thursday.
Foot Locker (FL) was up 3.3% after the athletic wear chain said it expects full-year adjusted EPS at the upper end of its $4.25 to $4.60 forecast, compared with the Capital IQ consensus looking for non-GAAP net income of $4.44 per share.
Deckers Brands (DECK) rose 9.5% after the footwear company reported fiscal Q4 net income beating Wall Street forecasts after more than doubling its year-ago profit and net sales growing over 31% year-over-year. It projected fiscal 2023 sales of $3.45 billion to $3.5 billion compared with analyst estimates expecting $3.44 billion in full-year sales.
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) rose 9.5% after the footwear company reported fiscal Q4 net income beating Wall Street forecasts after more than doubling its year-ago profit and net sales growing over 31% year-over-year. In company news, Ross Stores (ROST) was sinking over 23%, dropping to its lowest share price since October 2017, after the retailer posted lower fiscal Q1 earnings and sales late Thursday. Foot Locker (FL) was up 3.3% after the athletic wear chain said it expects full-year adjusted EPS at the upper end of its $4.25 to $4.60 forecast, compared with the Capital IQ consensus looking for non-GAAP net income of $4.44 per share.
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Deckers Brands (DECK) rose 9.5% after the footwear company reported fiscal Q4 net income beating Wall Street forecasts after more than doubling its year-ago profit and net sales growing over 31% year-over-year. Consumer stocks were broadly lower in Friday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) dropping 1.0% and the SPDR Consumer Discretionary Select Sector ETF (XLY) retreating 4.0%. It projected fiscal 2023 sales of $3.45 billion to $3.5 billion compared with analyst estimates expecting $3.44 billion in full-year sales.
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Deckers Brands (DECK) rose 9.5% after the footwear company reported fiscal Q4 net income beating Wall Street forecasts after more than doubling its year-ago profit and net sales growing over 31% year-over-year. Consumer stocks were broadly lower in Friday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) dropping 1.0% and the SPDR Consumer Discretionary Select Sector ETF (XLY) retreating 4.0%. It projected fiscal 2023 sales of $3.45 billion to $3.5 billion compared with analyst estimates expecting $3.44 billion in full-year sales.
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Deckers Brands (DECK) rose 9.5% after the footwear company reported fiscal Q4 net income beating Wall Street forecasts after more than doubling its year-ago profit and net sales growing over 31% year-over-year. Consumer stocks were broadly lower in Friday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) dropping 1.0% and the SPDR Consumer Discretionary Select Sector ETF (XLY) retreating 4.0%. In company news, Ross Stores (ROST) was sinking over 23%, dropping to its lowest share price since October 2017, after the retailer posted lower fiscal Q1 earnings and sales late Thursday.
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509a7042-36c9-49d7-960e-ecd05d99c48c
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724032.0
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2022-05-20 00:00:00 UTC
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Validea Martin Zweig Strategy Daily Upgrade Report - 5/20/2022
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DECK
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https://www.nasdaq.com/articles/validea-martin-zweig-strategy-daily-upgrade-report-5-20-2022
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nan
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nan
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The following are today's upgrades for Validea's Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
PARTNERS BANCORP (PTRS) is a small-cap growth stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 74% to 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Partners Bancorp is a bank holding company. The Company owns The Bank of Delmarva (Delmarva) and Virginia Partners Bank (Partners). The two banks together constitute Affiliate Banks. The Company provides various services to the Affiliate Banks which include management assistance, internal auditing services, compliance management, financial reporting and training, and vendor management support. Delmarva provides a range of commercial and consumer banking services to individuals, small and medium-sized businesses and professionals in Southern New Jersey and the eastern shore regions of Maryland and Delaware. Partners engages in the general banking business and provides financial services to the communities in and around the Greater Fredericksburg, Virginia area and Anne Arundel County and the three counties of Southern Maryland. Each Affiliate Bank is a full-service community bank, and offers a range of deposit products, loan services, and other services to its customers.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of PARTNERS BANCORP
Full Guru Analysis for PTRS
Full Factor Report for PTRS
DECKERS OUTDOOR CORP (DECK) is a mid-cap value stock in the Footwear industry. The rating according to our strategy based on Martin Zweig changed from 54% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. The Company operates through six operating segments, the UGG brand segment offers footwear, apparel, and accessories with expanded product offerings. HOKA Brand segment provides footwear and apparel that offers enhanced cushioning and inherent stability with minimal weight. Teva Brand segment is a multi-category modern outdoor lifestyle brand offering a range of casual, and trail lifestyle products. Sanuk Brand segment is a lifestyle brand with a presence in the relaxed casual shoe and sandal categories. Other Brands segment consist of the Koolaburra by UGG brand. The Koolaburra brand is a casual footwear fashion line using sheepskin and other plush materials. The Direct-to-Consumer segment consist of retail stores and e-commerce websites which, in an omni-channel marketplace, are intertwined.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of DECKERS OUTDOOR CORP
Full Guru Analysis for DECK
Full Factor Report for DECK
More details on Validea's Martin Zweig strategy
About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Zweig has managed both mutual and hedge funds during his career, and he's put the fortune he's compiled to some interesting uses. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports.
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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Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. Detailed Analysis of PARTNERS BANCORP Full Guru Analysis for PTRS Full Factor Report for PTRS DECKERS OUTDOOR CORP (DECK) is a mid-cap value stock in the Footwear industry. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK Full Factor Report for DECK More details on Validea's Martin Zweig strategy About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest.
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Detailed Analysis of PARTNERS BANCORP Full Guru Analysis for PTRS Full Factor Report for PTRS DECKERS OUTDOOR CORP (DECK) is a mid-cap value stock in the Footwear industry. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK Full Factor Report for DECK More details on Validea's Martin Zweig strategy About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities.
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Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK Full Factor Report for DECK More details on Validea's Martin Zweig strategy About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Detailed Analysis of PARTNERS BANCORP Full Guru Analysis for PTRS Full Factor Report for PTRS DECKERS OUTDOOR CORP (DECK) is a mid-cap value stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities.
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Detailed Analysis of PARTNERS BANCORP Full Guru Analysis for PTRS Full Factor Report for PTRS DECKERS OUTDOOR CORP (DECK) is a mid-cap value stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK Full Factor Report for DECK More details on Validea's Martin Zweig strategy About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest.
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3a50d054-d22b-40af-ad1a-2abe6e6bbd90
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724033.0
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2022-05-20 00:00:00 UTC
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Stock Market Today: Dow Jones, S&P 500 Opens Green; Deckers In Focus After Record Quarter
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DECK
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https://www.nasdaq.com/articles/stock-market-today%3A-dow-jones-sp-500-opens-green-deckers-in-focus-after-record-quarter
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nan
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nan
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Stock Market Today Mid-Morning Updates
On Friday, the Dow Jones Industrial Average is up by 170 points, one day after a continued selling of the broader stock market. The Dow is locked in a steep correction, as defined by a drop of 10% or more from a prior high. The S&P 500 is also on the brink of joining the Nasdaq in a bear market. China cuts a key rate to try to boost its embattled economy. In detail, it is cutting a benchmark reference rate for mortgages by an unexpectedly wide margin Friday. This is the second reduction this year in this key rate as China seeks to revive the country’s housing sector in the second-largest economy in the world.
Share of Foot Locker (NYSE: FL) were up by 5.61% today after it reported an adjusted quarterly profit of $1.60 per share, $0.05 above estimates. Revenues for the quarter were slightly below forecasts. DoorDash (NYSE: DASH) stock is up today after it announced the authorization of a $400 million stock buyback program. The company also says that the move will offset dilution stemming from its employee stock compensation program.
Among the Dow Jones leaders today, shares of Apple are up by 1.8% today while Microsoft (NASDAQ: MSFT) is up by 1.49%. Meanwhile, Disney (NYSE: DIS) and Nike (NYSE: NKE) are trading higher by 0.45% and 1.84% respectively on Friday. Among the Dow financial leaders, Visa (NYSE: V) is up by 1.76% while JPMorgan Chase (NYSE: JPM)is flat.
Shares of EV leader Tesla (NASDAQ: TSLA) are down by 3.55% on Friday. Rival EV companies like Rivian (NASDAQ: RIVN) are down by 2.70%. Lucid Group (NASDAQ: LCID) is down by 2.91% today. Chinese EV leaders like Nio (NYSE: NIO) and Xpeng Motors (NYSE: XPEV) are trading higher today.
Dow Jones Today: U.S. Treasury Yields Trading At 2.9%
Following the stock market opening on Friday, the S&P 500, Dow, and Nasdaq are trading higher at 0.35%, 0.18%, and 0.32%. Among exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (NASDAQ: QQQ) is up by 0.20% while the SPDR S&P 500 ETF (NYSEARCA: SPY) is up by 0.30%.
The benchmark 10-year U.S. Treasury yield currently trades at 2.9%, continuing the trend of falling rates this week as the markets end a turbulent week. The Dow for instance is already headed for its eighth-straight negative week. Investors fear that a recession could be coming, leading them to rotate their equities into bonds, pushing prices higher and yields lower. Inflation also continues to affect the markets, with this latest slew of retail earnings reporting that inflation has eaten into profits.
[Read More] Top Stock Market News For Today May 20, 2022
Deckers Outdoor In Focus After Posting Record Figures In Latest Quarter
Deckers Outdoor (NYSE: DECK) is making a splash at today’s opening bell. For the most part, this is apparent seeing as DECK stock is now gaining by over 17% now. Before going into the details, here’s a brief introduction to Deckers. In essence, Deckers is a major player in the consumer footwear industry today. Overall, the company’s Uggs boots product line would be among its most popular offerings. Introductions aside, DECK stock seems to be benefitting from the company’s latest quarterly financial report.
Diving in, Deckers posted stellar figures across the board for its fourth fiscal quarter. In the press release, it states that the company’s total sales are up by 31.7% year-over-year. This adds up to a total of $736 million. Also in the press release, Deckers’ earnings per share for the quarter is $2.51, more than double year-over-year. Additionally, Deckers’ direct-to-consumer sales are also seeing gains of 22.2% over the same period. With these respectable gains, the company appears to be ending the fiscal year on a high note.
On the whole, CEO Dave Powers notes that “Fiscal year 2022 was another record year for Deckers, as we delivered both revenue and earnings per share growth above twenty percent.” In particular, Deckers’ Ugg boots generated total sales of about $2 billion, according to the company.
Source: TD Ameritrade TOS
[Read More] Best Social Media Stocks To Buy Now? 4 To Watch This Week
Palo Alto Stocks Gains Following Beats On Top And Bottom Lines In Latest Earnings Update; Boosts Full-Year Forecast
Another head-turner in thestock market todaywould be Palo Alto Networks (NASDAQ: PANW) or PANW, for short. Namely, PANW stock is currently up by over 9% at today’s opening bell. This comes after PANW reported commendable figures across the board in its third fiscal quarter financial release. According to the report, the company’s quarterly revenue is $1.39 billion. Moreover, PANW’s earnings per share for the quarter are $1.79. To put things into perspective, consensus figures on Wall Street are $1.36 billion and $1.68 respectively. Not forgetting, PANW’s total revenue and total quarterly billings are also up by 29% and 40% year-over-year respectively. With these figures in mind, I could understand the current hype around PANW stock now.
Providing further commentary on the company’s latest performance is CEO Nikesh Arora. He highlights, “We saw strong top-line growth in Q3, which is a testament to our teams’ consistent execution in capitalizing on the strong cybersecurity demand trends.” Because of all this, PANW, according to the press release, is also lifting several of its outlooks for the fiscal year. In detail, the company is guiding for an adjusted earnings per share in the range of $7.43 to $7.46 and revenue between $5.481 billion and $5.501 billion. For reference, consensus analysts’ projections from Refinitiv are earnings of $7.29 per share and revenue of $5.46 billion
Looking forward, Arora notes that PANW will continue to focus on two key components of its business. In his words, these would be “operating margin expansion and free cash flow conversion.” With the company seemingly riding the wave of demand for its cybersecurity services now, PANW stock could be in focus.
Source: TD Ameritrade TOS
If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel.
CLICK HERE RIGHT NOW!!
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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[Read More] Top Stock Market News For Today May 20, 2022 Deckers Outdoor In Focus After Posting Record Figures In Latest Quarter Deckers Outdoor (NYSE: DECK) is making a splash at today’s opening bell. For the most part, this is apparent seeing as DECK stock is now gaining by over 17% now. Before going into the details, here’s a brief introduction to Deckers.
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[Read More] Top Stock Market News For Today May 20, 2022 Deckers Outdoor In Focus After Posting Record Figures In Latest Quarter Deckers Outdoor (NYSE: DECK) is making a splash at today’s opening bell. For the most part, this is apparent seeing as DECK stock is now gaining by over 17% now. Before going into the details, here’s a brief introduction to Deckers.
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[Read More] Top Stock Market News For Today May 20, 2022 Deckers Outdoor In Focus After Posting Record Figures In Latest Quarter Deckers Outdoor (NYSE: DECK) is making a splash at today’s opening bell. On the whole, CEO Dave Powers notes that “Fiscal year 2022 was another record year for Deckers, as we delivered both revenue and earnings per share growth above twenty percent.” In particular, Deckers’ Ugg boots generated total sales of about $2 billion, according to the company. For the most part, this is apparent seeing as DECK stock is now gaining by over 17% now.
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On the whole, CEO Dave Powers notes that “Fiscal year 2022 was another record year for Deckers, as we delivered both revenue and earnings per share growth above twenty percent.” In particular, Deckers’ Ugg boots generated total sales of about $2 billion, according to the company. [Read More] Top Stock Market News For Today May 20, 2022 Deckers Outdoor In Focus After Posting Record Figures In Latest Quarter Deckers Outdoor (NYSE: DECK) is making a splash at today’s opening bell. For the most part, this is apparent seeing as DECK stock is now gaining by over 17% now.
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6f8b50dc-79bb-4380-9899-67514f552d3a
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724034.0
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2022-05-20 00:00:00 UTC
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Deckers Rallies On Upbeat Results
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DECK
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https://www.nasdaq.com/articles/deckers-rallies-on-upbeat-results
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nan
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nan
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(RTTNews) - Shares of Deckers Outdoor Corporation (DECK) are rising more than 17% Friday morning after reporting better-than-expected fourth-quarter results.
Deckers designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities.
Net income in the fourth quarter increased more than 100% to $68.82 million or $2.51 per share from $33.46 million or $1.18 per share a year ago, significantly higher than the consensus estimate of analysts poled by Thomson Reuters of $1.32 per share.
Sales for the quarter increased 31.2% to $736.01 million from $561.19 million last year.
For the full year, net sales are expected to be in the range of $3.45 billion to $3.50 billion. Earnings per share is expected between $17.40 and $18.25.
Analysts expect the company to report earnings of $18.34 per share on revenue of $3.45 billion for the year.
DECK is at $266.39 currently. It has traded in the range of $212.93-$451.49 in the past 52 weeks.
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) - Shares of Deckers Outdoor Corporation (DECK) are rising more than 17% Friday morning after reporting better-than-expected fourth-quarter results. Deckers designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities. DECK is at $266.39 currently.
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(RTTNews) - Shares of Deckers Outdoor Corporation (DECK) are rising more than 17% Friday morning after reporting better-than-expected fourth-quarter results. Deckers designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities. DECK is at $266.39 currently.
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(RTTNews) - Shares of Deckers Outdoor Corporation (DECK) are rising more than 17% Friday morning after reporting better-than-expected fourth-quarter results. Deckers designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities. DECK is at $266.39 currently.
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(RTTNews) - Shares of Deckers Outdoor Corporation (DECK) are rising more than 17% Friday morning after reporting better-than-expected fourth-quarter results. Deckers designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities. DECK is at $266.39 currently.
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fb090594-a8fb-40a2-9874-fc4f28dc4e5b
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724035.0
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2022-05-20 00:00:00 UTC
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Top Stock Market News For Today May 20, 2022
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DECK
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https://www.nasdaq.com/articles/top-stock-market-news-for-today-may-20-2022
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nan
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nan
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Stock Market Futures Gain Following Dips Towards 2020 Lows.
U.S. stock futures are advancing in early morning trading as we approach the end of the trading week. Safe to say, this week gave investors a flurry of key data points across the retail and economic scenes to digest. As markets flirt with lows last seen in 2020, investor concerns would continue to grow. In fact, the S&P 500 saw its biggest drop since that time earlier this week. Between further interest rate increases from the Fed and mentions of a possible recession, all this is not that surprising.
Providing some further advice for investors is Ryan Belanger, the founder of Claro Advisors. Belanger writes, “Investors should become accustomed to significant downside and upside moves in stocks, which is common during times of tremendous uncertainty.” He continues, “We expect the stock market to trade near or in bear market territory for the coming months, creating a frustrating range-bound market that will test the will of many investors.” As investors consider their next move carefully, here’s how the major stock index futures are doing today. As of 4:48 a.m. ET, the Dow, S&P 500, and Nasdaq futures are trading higher by 0.93%, 1.17%, and 1.68% respectively.
Palo Alto Pops After Beating Quarterly Earnings Estimates; Raises Full-Year Outlook
Palo Alto Networks (NASDAQ: PANW) seems to be front and center in the stock market today. For the most part, this seems to be thanks to the company reporting stellar figures in its latest quarterly financial update. According to the press release, PANW’s revenue for the quarter is $1.39 billion. Also, the company’s earnings per share is $1.79. For comparison, consensus figures on Wall Street are a revenue of $1.36 billion and earnings of $1.68 per share. Year-over-year, Palo Alto notes that its revenue is up by 29%. Additionally, the company’s total billings for the quarter is also up by 40% over the same period, totaling $1.8 billion. With results like this, it would make sense that investors are focusing on PANW stock today.
Speaking on PANW’s latest quarter is CEO Nikesh Arora. He says, “We saw strong top-line growth in Q3, which is a testament to our teams’ consistent execution in capitalizing on the strong cybersecurity demand trends.” Following that, Arora also adds that the company is raising its guidance for the current fiscal year. This is the case across PANW’s revenue, billings, and earnings per share forecasts, according to the earnings report. In detail, PANW is anticipating an adjusted earnings of between $7.43 to $7.46 per share on revenue of $5.481 billion to $5.501 billion. As it stands, the consensus from analysts from a Refinitiv poll is earnings of $7.29 and revenue of $5.46 billion.
Overall, it seems like PANW is firing on all cylinders going into the current quarter. With persisting strength across its core cybersecurity portfolio, the company appears keen to maintain its momentum. On that note, investors could likely be keeping an eye on PANW stock at today’s opening bell.
Source: TradingView
[Read More] What Stocks To Buy Today? 3 Tech Stocks For Your Watchlist
Deckers Outdoor In Focus After Posting Record Figures In Latest Quarter
Another company making waves on the stock market earnings front today is Deckers Outdoor (NYSE: DECK). In brief, Deckers is a footwear designer and distributor. For consumers, the company’s Ugg boots would be among the more recognizable offerings from Deckers. Getting straight into it, DECK stock appears to be gaining traction in thestock market todayfollowing Deckers’ earnings call. After yesterday’s closing bell, the company posted overall solid figures for its first fiscal quarter update.
For starters, the company saw its total sales grow by 31.7% year-over-year, totaling $736 million. On top of that, the company’s direct-to-consumer sales are up by 22.2% over the same period as well. In the larger scheme of things, this latest quarter tops off a good fiscal year for Deckers, according to CEO Dave Powers. He highlights, “Fiscal year 2022 was another record year for Deckers, as we delivered both revenue and earnings per share growth above twenty percent.” Among the key growth drivers for the year would be Deckers’ Ugg boots. The likes of which raked in sales of about $2 billion, according to Deckers.
Furthermore, Powers adds, “Over the last two years, our portfolio of brands has added more than one billion dollars of revenue, while making progress towards key long-term strategies, and maintaining top-tier levels of profitability, despite navigating unprecedented disruption across the global supply chain. I am incredibly proud of our performance over the last couple of years, but with the power of our brands and our people, I am even more excited about the opportunities ahead.” After considering all this, DECK stock could be worth checking out in thestock market today
Source: TradingView
[Read More] Best Stocks To Invest In Right Now? 4 Cyclical Stocks To Watch Today
Shopify Expands Cryptocurrency Payments Options Via Crypto.com Collaboration
In other news, Shopify (NYSE: SHOP) is doubling down on the crypto side of its operations. Simply put, the e-commerce platform operator is introducing news payment solutions involving cryptocurrencies. Through a collaboration with Crypto.com, Shopify merchants can now employ Crypto.com Pay, allowing them to accept over 20 digital currencies. To point out, Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Crypto.com coin (CRO) are among the major crypto names on the list. According to Shopify, this is mostly possible via integrations between its existing payment system and Crypto.com’s off-chain services.
Not to mention, Shopify sellers that employ Crypto.com Pay will be exempt from paying settlement fees for a month. Following the first month, settlement fees of 0.5% will begin. Weighing in on this strategic deal is Shopify’s lead of Blockchain Ecosystem, John Lee. He argues, “Our growing blockchain ecosystem demonstrates our commitment to supporting merchants with alternative payment methods on their storefronts, helping to further expand what’s possible in commerce.” As Shopify continues to cater to emerging consumer fintech trends, SHOP stock would also gain attention.
Source: TradingView
[Read More] Top Stocks To Buy Now? 3 Consumer Staples Stocks To Watch
ExxonMobil Reveals Sale Of Barnett Shale Operations
On the energy industry side of things, ExxonMobil (NYSE: XOM) appears to be streamlining its operations. Namely, as of yesterday, the company is officially selling its non-operated gas assets in the Barnett shale basin. This would be the case following the signing of an agreement with the BKV Corporation. Also in the official press release, Exxon projects that the deal will close by the end of the current quarter.
Accordingly, this would be ExxonMobil following through with its initial plans to sell these assets from November 2021. At that time, sources from Reuters posited that ExxonMobil’s Barnett shale assets could be worth between $400 million to $500 million. This would be at a per-acre price of $2,472. However, in the current deal, the BKV sale is at a per-acre price of $4,121, with 182,000 acres sold. On the whole, this adds up to about over $750 million. It would go to show that even as demand for energy rises, industry leads like Exxon remain hard at work optimizing their businesses, nonetheless. As such, it would not surprise me to see XOM stock trending today.
Source: TradingView
If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel.
CLICK HERE RIGHT NOW!!
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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3 Tech Stocks For Your Watchlist Deckers Outdoor In Focus After Posting Record Figures In Latest Quarter Another company making waves on the stock market earnings front today is Deckers Outdoor (NYSE: DECK). In brief, Deckers is a footwear designer and distributor. For consumers, the company’s Ugg boots would be among the more recognizable offerings from Deckers.
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3 Tech Stocks For Your Watchlist Deckers Outdoor In Focus After Posting Record Figures In Latest Quarter Another company making waves on the stock market earnings front today is Deckers Outdoor (NYSE: DECK). In brief, Deckers is a footwear designer and distributor. For consumers, the company’s Ugg boots would be among the more recognizable offerings from Deckers.
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3 Tech Stocks For Your Watchlist Deckers Outdoor In Focus After Posting Record Figures In Latest Quarter Another company making waves on the stock market earnings front today is Deckers Outdoor (NYSE: DECK). In brief, Deckers is a footwear designer and distributor. For consumers, the company’s Ugg boots would be among the more recognizable offerings from Deckers.
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3 Tech Stocks For Your Watchlist Deckers Outdoor In Focus After Posting Record Figures In Latest Quarter Another company making waves on the stock market earnings front today is Deckers Outdoor (NYSE: DECK). In brief, Deckers is a footwear designer and distributor. For consumers, the company’s Ugg boots would be among the more recognizable offerings from Deckers.
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274ab729-3baa-4acb-bf21-ccd8b646d83f
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724036.0
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2022-05-20 00:00:00 UTC
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Deckers Outdoor (DECK) Q4 2022 Earnings Call Transcript
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-deck-q4-2022-earnings-call-transcript
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Image source: The Motley Fool.
Deckers Outdoor (NYSE: DECK)
Q4 2022 Earnings Call
May 19, 2022, 4:30 p.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good afternoon, and thank you for standing by. Welcome to the Deckers Brands' fourth quarter fiscal 2022earnings conference call [Operator instructions] I would like to remind everyone that this conference call is being recorded. I'll now turn the call over to Erinn Kohler, VP investor relations and corporate planning.
Please go ahead.
Erinn Kohler -- Vice President, Investor Relations
Hello, and thank you, everyone, for joining us today. On the call is Dave Powers, president and chief executive officer; and Steve Fasching, chief financial officer. Before we begin, I would like to remind everyone of the company's safe harbor policy. Please note that certain statements made on this call are forward-looking statements within the meaning of the federal securities laws, which are subject to considerable risks and uncertainties.
These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements made on this call today other than statements of historical facts are forward-looking statements, and include statements regarding changes in consumer behavior, strength of our brands and demand for our products; changes to our product allocation, segmentation and distribution strategies; changes to our marketing plans and strategies; changes to our capital allocation strategy; the impact of the COVID-19 pandemic on our business and supply chain; our anticipated revenues, brand performance, product mix, gross margins, expenses, inventory and liquidity position and our potential repurchase of shares. Forward-looking statements made on this call represent management's current expectations and are based on information available at the time such statements are made. Forward-looking statements involve numerous known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from any results predicted, assumed or implied by the forward-looking statements.
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The company has explained some of these risks and uncertainties in its SEC filings, including in the Risk Factors section of its annual report on Form 10-K and quarterly reports on Form 10-Q. Except as required by law or the listing rules of the New York Stock Exchange, the company expressly disclaims any intent or obligation to update any forward-looking statements. With that, I'll now turn it over to Dave.
Dave Powers
Thanks, Erinn. Good afternoon, everyone, and thank you for joining us today. I'm excited to share our record-breaking fiscal year 2022 results, which include a number of significant achievements. The first time Deckers delivered over $3 billion in annual revenue, and we did so just three years after reaching $2 billion.
In total, we delivered fiscal 2022 revenue of $3.15 billion, an increase of 24% over the prior year and nearly 50% above two years ago. Aligned with our commitment to driving top line growth and healthy profitability, Deckers delivered an operating margin just shy of 18%. And lastly, we delivered earnings per share of $16.26, which represents a 21% and 69% increase over last year and two years ago, respectively. As I reflect on this incredible expansion and evolution of our business over the past two years I look forward to seeing our brands build up this momentum, and I'm even more excited about the runway ahead.
Of course, none of this will be possible without our dedicated employees and exceptional leadership team collaborating to deliver in a difficult supply chain environment while remaining focused on executing to the long term. Because of these efforts, our performance this year was well aligned with our long-term strategies to drive quality HOKA growth, further diversify and elevate the UGG brand, strengthen and build our DTC business and unlock the full potential of our international markets. More specifically, our progress in these strategic initiatives in fiscal 2022 includes: growing HOKA revenue by 56% over the prior year to nearly $900 million, which represents 28% of the total portfolio revenue, up from 22% last year and 17% two years ago, diversifying UGG revenue and highlighting the brand's success around the core with categories outside of women's classics now representing more than 65% of annual brand revenue, up more than 10 percentage points from five years ago, increasing DTC revenue by 14% versus the prior year and 65% versus two years ago; and expanding our international business, which grew 25% versus last year and 34% versus two years ago. Again, I'm proud of our organization for the hard work that enabled accomplishing these exceptional results while navigating an extremely complicated logistics environment.
Looking ahead to fiscal year 2023, we are operating from a position of strength and leveraging the lessons learned over the last 18 months. Deckers has incredible growth ahead, and I have the utmost confidence in the consumer demand for our brands and our team's proven ability to deliver on our goals, even amid a complex macro environment. Steve will provide more details on our forward-looking expectations later in the call. In the meantime, I will share some details about fiscal 2022 brand and channel performance, as well as some context around strategies propelling us forward in fiscal 2023.
Starting with the brand highlights. Global fiscal 2022 revenue increased to 15% versus last year to $1.982 billion. This is the second consecutive year of driving double-digit growth. Success in fiscal 2022 was driven by continued consumer adoption of the Brands' diverse product assortment as all major categories increased double digits over the prior year, men's footwear grew to over $300 million after adding approximately $100 million over the last three years, apparel and accessories combined increased 47% over last year, now representing more than 6% of brand mix at more than $100 million and women's Classics continue to drive incremental dollar growth through newness.
Consumers adopting a broader assortment of UGG products is directly related to the brand's ability to develop new franchises while innovating existing franchises. The Ultra Mini is a great example of the latter. First introduced in the second half of 2020 as a companion style related to the Brands' core Classic Media and Classic Short, the Ultra Mini has been viewed as something of a sneaker alternative with its greater year-round wearability as it supports a lower ankle height profile. While still very new to the ag assortment, the Ultra Mini has already become a top five DTC style among both newly acquired and retained consumers, and it was just outside of the top five styles among consumers aged 18 to 34 years old.
The Tasman is another bugstyle that younger consumers are wearing as a sneaker alternative. The original Tasman has been around for many years now, but the out product team has developed this heritage style into a burgeoning franchise through the infusion of fresh colors, new prints and logo treatments, adding new lightweight and sustainable material options such as our UGG Plush blend of upcycle roll and plant-based lycocell for the Tasman LTA; the introduction of the TAS, a fashion leading platform version; and most recently, the launch of an innovative rain clog, the Tasman X. We are particularly excited about the initial response of the Tasman X, which was featured as part of a broader rain campaign during the fourth quarter and received positive coverage in a number of fashion publications, including a few organic consumer unboxing viral videos on TikTok. With its versatility, year-round relevance and broad consumer appeal, we believe the Tasman franchise can continue to be a key driver of further diversifying and de-seasonalizing the UGG brand.
From an omnichannel marketplace management perspective, the UGG brand strategic priorities for the year played out as expected, with domestic wholesale driving impressive growth through a diverse product assortment while refilling the channel inventories, international regions growth rate exceeding the U.S. growth rate for the first time in four years and global direct-to-consumer increasing mid-single digits on top of the more than 30% increase from the prior year. These results are a testament to UGG omnichannel marketplace management as the brand was able to drive strong growth across all channels despite logistics challenges impacting the timing of deliveries and availability of products. This also speaks to the consumer demand for UGG overall, which remains quite high, as evidenced in the fourth quarter just completed.
UGG outperformed well beyond our expectations in the fourth quarter as wholesalers accepted later-than-normal deliveries and DTC shoppers weighted beyond the peak holiday season for availability of key items that have been out of stock. Across the full fiscal year 2022, we saw a number of favorable indicators for UGG demand, including: U.S. search interest increasing 9% over last year and 20% over two years ago, according to Google Trends, 18- to 34-year olds remaining the UGG brand's largest age bracket of consumers, incremental purchases of multiple products at the same time, led by Tasman, Neumel and slipper combinations, highlighting our UGG-for-all mantra and an increase in the brand's loyalty program enrollment across every region with nearly 6 million global members at year-end. As the size and scale of the UGG rewards program continues to grow, I want to highlight a few key metrics that emphasize the value of these loyal consumers, such as that members account for approximately 40% or more of revenue in all regions where the program has existed for more than one year and that members spend approximately 40% to 50% more than nonloyalty consumers.
Fiscal 2022 was another strong year for the UGG brand, and I'd like to thank the team for their hard work and dedication to delivering back-to-back years of exceptional growth. On the heels of the growth delivered over the last two years, we are placing an emphasis on maintaining the record levels of brand heat across global markets. To do this, we expect to elevate the brands through disciplined and strategic global marketplace management prioritize the consumer experience at DTC to build loyalty, edit to amplify the assortment, driving fewer but more powerful product stories and attracting new consumers through innovative fashion collaborations. I'm proud of the great work the UGG team has delivered and look forward to continued progress toward our strategic goals in the upcoming year.
Moving on to HOKA. Global revenue in fiscal 2022 increased 56% versus last year to $892 million, with improved supply, enabling the delivery of strong growth in the fourth quarter, HOKA drove yet another year of record-breaking results with plenty of exciting runway ahead. The HOKA team continues to build a balanced business across the brand an ecosystem of access points, which has enabled growth in every region across all channels. More specifically, from a channel perspective, for the full year, HOKA Global Wholesale accelerated, increasing 55% versus the prior year, with volume that is now larger than the brand's entire business in fiscal 2021 and global direct-to-consumer increased 58% versus last year with strong gains in acquired and retained consumers.
With the rapid growth and consumer adoption of HOKA, distribution management remains a critical component of driving awareness with and attracting new consumers. On the wholesale front, I would note that the majority of growth in fiscal 2022 came from market share expansion with existing run specialty and outdoor retailers versus opening new points of distribution. While HOKA has opened new distribution with strategic partners and even expanded door counts with these accounts in certain instances, the brand continues to be highly disciplined about expansion. HOKA has a superb group of wholesale partners who have continued to support the brand's strategic vision, enhance the brand credibility and awareness with core consumers and help broaden the scope of consumers that HOKA reaches.
Further to that point, I'd like to provide a little more context around the HOKA brand's growth opportunity at wholesale in the upcoming year and beyond, which includes core to our brand strategy, building market share and run specialty. While in certain locations, HOKA has grown to the No. 1 or No. 2 brand, we have identified several regional growth opportunities within pockets of the U.S., as well as overseas.
Volume expansion with strategic partners that have opened in the last two years with the opportunity to increase door counts over time and opening a select number of doors with new strategic accounts. One of these new strategic relationships, I'd like to highlight is Foot Locker. HOKA and Foot Locker have shown mutual interest for several years now, and over that time, created a distribution plan that aligns the interest of both parties. We are excited to be opening HOKA in a limited number of Foot Locker doors beginning this summer, with the intent to increase the brand's exposure with the young consumers in key markets where HOKA is lacking presence with existing distribution.
We know from our experience with UGG that the Foot Locker team has a clear perspective on their consumer and believe this valuable partnership can have a considerable impact on HOKA awareness with the 18- to 34-year-old audience. Complementing the HOKA wholesale business, the brand's direct-to-consumer channel has continued to acquire new consumers, as well as drive repeat purchases with existing consumers. In fiscal 2022, HOKA global direct-to-consumer acquisition increased 50% versus the prior year, and retention increased 62% versus the prior year. While acquiring new consumers is an important metric as we expand HOKA awareness, increasing customer retention is a critical component of maintaining brand strength and building loyalty.
Ultimately, DDC is where HOKA can best showcase the breadth and newness of the brand's innovative product assortment, including apparel, and provide a convenient consumer experience to drive repeat purchases. Over the last year, HOKA drove a more than 40% increase in the number of consumers making multiple purchases, as well as those purchasing across multiple categories. Though wholesale remains the primary acquisition point for new consumers, the HOKA brand's digital marketing activations are also driving DDC acquisition with targeted consumers. The specific focus on the 18- to 34-year-old consumer the HOKA brand's digital tactics have been successful in growing the mix of these consumers by 2 percentage points over last year and 6 percentage points over two years ago.
HOKA is also seeing a fantastic consumer response of the brand's pop-up retail locations. New York has been our strongest performer, but we're also excited about the recently opened pop-up store in Chicago and a relocation in Los Angeles, where we opened a store in Venice, California. We believe HOKA can deliver a premium experience at retail locations by showcasing the breadth of the brand's product offering and driving community engagement. Over the longer term, we see an opportunity to open a limited number of permanent locations in key cities around the world including our first U.S.
location in New York City by the end of fiscal 2023. The HOKA brand's new strategic wholesale distribution, targeted digital marketing activations and pop-up retail stores in key markets are collectively designed to accelerate consumer acquisition around the world through increased awareness. Our integrated approach to managing HOKA distribution continues to serve the brand well in driving balanced global growth across the HOKA ecosystem of access points. On the product front, HOKA continues to develop an assortment designed to ignite the inter athlete within all humans.
The brand's inclusive approach to product management includes evolving heritage franchises to be accessible to all types of athletes, elevating performance through new innovations and expanding the consumer audience through new categories. HOKA progress on all three of these strategies in fiscal '22 by introducing the Bondi X, which is both an evolution of the Heritage Bondi style and an elevation of performance with the addition of a propulsive carbon plate to the brand's most cushioned ride. Trail blazing with the all-new SpeakGoat 05, the lightest and most grippy version of the brand's No. 1 trail shoe, reinventing the Mach using a lower profile outsold that delivers soft cushion with an uptempo ride built for speed and capable of being a every day trainer, disrupting the height category with the AnaCappa franchise, which is a performance hiking shoe that features a sneaker like comfort and launching the all-new Kawana, which is designed to seamlessly transition from gym workouts to daily runs to casual wear.
In all, HOKA continues to develop a compelling product assortment that is built with all types of athletes in mind, serving the spectrum of performance fronters to extreme hikers and trail explorers, as well as those looking for everyday all-day comfort. I want to congratulate the HOKA team on delivering another phenomenal year of growth, which we expect to continue in fiscal 2023 through continued market share gains with existing wholesale partners, expanded awareness with new consumers that the brand launches its first major global marketing campaign later this summer, driving acquisition and replenishment activity through our direct-to-consumer channel and introducing innovative products with the brand signature HOKA Rod. Turning to Teva. Global revenue in fiscal 2022 increased 17% versus last year to a record $163 million.
Growth this year was driven by the brand's leadership in sports sandals and progress building share in closed-toe categories, highlighted by the success of the hurricane and the Rembert franchise. While wholesale drove the majority of growth for Teva in FY '22. The brand was able to comp the exceptional DTC growth experienced in the prior fiscal year. Success at DTC was driven by a significant increase in retained consumers, which the brand will look to replicate in the upcoming year.
Shifting to Koolaburra. Global revenue in fiscal 2022 decreased 9% versus last year to $69 million due to the disruption of wholesale deliveries that resulted from pandemic-related bottlenecks. Despite this, the Koolaburra brand's D2C business increased 35% over last year and is now three times the size of DTC volume two years ago. And finally, Sanuk Global revenue in fiscal year 2022 increased 3% to $43 million.
We are pleased with the brand's performance driven by our greater mix of full-price business and an increase in higher price point items. With respect to channel performance in fiscal year 2022, both wholesale and DTC drove double-digit growth over the prior year, reflecting the strength of our omnichannel brand management. For the year, global wholesale revenue increased 31% over last year and 39% over two years ago with four out of five brands posting double-digit increases this year. Wholesale dollar growth was primarily driven by the momentum of global HOKA as the brand continues to gain market share, refilling the marketplace inventories for domestic UGG accounts and the A-brands international markets returning to growth, benefiting from the marketplace reset activities over the past few years that cleaned up distribution in EMEA and localized product and marketing strategies in China.
Overall, wholesale revenue represented 61% of total revenue, which is up from 58% last year, but down from 65% two years ago. We expect to drive continued growth through wholesale, working with best-in-class partners who are showcasing our brands and attracting new consumers around the world. From a direct-to-consumer standpoint, revenue for the year increased 14% over last year and 65% over two years ago to $1.2 billion. We experienced year-over-year gains in both physical retail as we lap closures during the prior year and online where we have focused our investments to drive new consumer acquisition and increase retention.
Importantly, our DTC business is growing globally and across multiple brands as both domestic and international DDC increased double digits over last year, and four out of our five brands experienced growth on top of the exceptional increases achieved in the prior year with HOKA and OG accounting for the vast majority of dollar volume gains. With that, I'll hand the call over to Steve to provide further details on our fourth quarter and fiscal 2022 financial results, as well as our initial outlook on fiscal year 2023. Steve?
Steve Fasching -- Chief Financial Officer
Thanks, Dave, and good afternoon, everyone. As you've just heard, our company's performance in fiscal year 2022 was outstanding as we drove top line growth above 20% and maintain top-tier operating margin in the high teens despite increased costs resulting from global supply chain disruption. Deckers has added just over $1 billion to revenue in two years, driven by the strength of demand for our brands, specifically HOKA, which has grown more than 50% for three consecutive years and UGG, which has increased double digits in back-to-back years. Our long-term strategies have continued to provide a strong foundation for driving profitable growth, and we are proud to maintain exceptional operating margin levels.
We believe that with continued investment behind our key strategies, Deckers can drive profitable growth over the long term. We're excited about the year ahead, but first, let's get into our fourth quarter and fiscal year 2022 results. For the fourth quarter, revenue was $736 million, up 31% versus the prior year. Growth was driven by improved HOKA inventory availability that allowed the brand to deliver both record quarterly revenue of $283 million and full year revenue that was above the high end of our guidance range.
Better-than-expected outperformance as we saw an extension of the holiday season with consumers willing to wait for delayed DTC shipments of product and high demand and fewer wholesale cancellations due to the continued strength of the UGG brand as accounts showed a preference to hold greater levels of key seasonal inventory as a hedge against future potential supply chain disruption that could occur in the upcoming year. And as a result, we expect this to impact UGG orders in this coming fall. Gross margin in the fourth quarter was 48.7%, a 450 basis point decrease from the prior year period. The lower gross margin was primarily related to an approximate 490 basis point freight impact, primarily from increased air usage and higher ocean rates, unfavorable channel mix as wholesale growth outpaced DTC and unfavorable foreign currency exchange rates with partial offsets from HOKA margins benefiting from price increases and favorable brand mix.
SG&A for the quarter was $277 million or 37.7% of revenue versus last year's $244 million or 43.5% of revenue. The increased spend was primarily related to higher headcount, marketing and performance-related compensation. These results, along with the lower tax rate and share count, resulted in diluted earnings per share, more than doubling last year's at $2.51. Our fourth quarter results underscore the exceptional performance demonstrated by our brands throughout fiscal year 2022, where Deckers eclipsed $3 billion of revenue for the first time.
For the full fiscal year 2022, revenue increased 24% versus last year to $3.15 billion. Our company added over $1 billion in top line revenue over the last two years, delivering a nearly 50% increase over fiscal year 2020. As compared to our guidance, revenue was $90 million above the high end, primarily due to outperformance in UGG. Revenue growth versus the prior year was driven by our two largest brands as UGG increased 15% and to $1.982 billion, with growth primarily driven by wholesale refill in the U.S.
and a return to growth within the brand's international regions as we signaled at the outset of fiscal year 2022. And HOKA increased 56% to $892 million, with growth driven by all global regions and channels of distribution. Gross margins for the year were down 300 basis points versus last year to 51%. The decrease in gross margin was related to an approximate 370 basis point decrease from freight, primarily due to increased air usage and higher ocean container rates and unfavorable channel mix as wholesale growth outpaced direct-to-consumer, with partial offsets from a greater mix of HOKA revenue, fewer closeouts and favorable foreign currency exchange rates.
For the full fiscal year, we incurred freight costs that were more than $100 million above the prior year, excluding the impact of higher volumes. SG&A dollar spend for the year was $1.043 billion, up 20% versus the prior year, $870 million. SG&A represented 33.1% of revenue in fiscal year 2022, as compared to 34.2% in fiscal year 2021. Higher dollar spend was primarily related to increased marketing to build global awareness of the UGG and HOKA brands, increased compensation costs for added headcount to support our scaling organization and higher warehouse costs to support the growth of our brands.
This resulted in a full year 2022 operating margin of 17.9%, which is at the high end of our original guidance range of between 17.5% and 18%. Despite the freight cost being well above what we anticipated at the outset of the year, we were able to deliver this operating margin result through disciplined management of variable expenses. For the year, our tax rate was 20%, which compares favorably to last year's 23.7%. Taxes were lower this year, primarily as a result of certain discrete tax benefits recognized in the fourth quarter and a higher proportion of international revenue.
With these results, Deckers delivered another record diluted earnings per share of $16.26, which compares to $13.47 in fiscal year 2021. This result is more than $1 above the high end of our guidance range due to the strength of our fourth quarter. The $2.79 increase as compared to last year was primarily driven by: global UGG and HOKA revenue growth; net of increased marketing; a lower tax rate; a lower share count, reflecting the benefit of our most aggressive annual share repurchase to date; and favorable foreign currency exchange rates on net revenue, with partial offsets from higher freight costs from both airfreight utilization and climbing ocean rates, higher compensation costs with increased headcount, greater warehouse costs and variable expense growth in line with revenue growth. Turning to our balance sheet.
At March 31, 2022, we ended the year with $844 million of cash and equivalents. Inventory was $507 million, up 82% from $278 million at the same point in time last year and up 63% versus two years ago, more closely aligned with the sales growth of 48% for the same period. And due to the significant increase of ocean freight rates in the second half of fiscal year 2022, this inventory includes approximately $50 million of embedded incremental ocean freight. And during the period, we had no short-term borrowings.
For the year, these results returned invested capital above 35%. During the fourth quarter, we repurchased approximately $90 million worth of shares at an average price of $292.51. For the entire fiscal year 2022, we repurchased over 1 million shares for approximately $357 million at an average price of $341.77. At March 31, 2022, the company still had $454 million remaining under its stock repurchase authorization.
Before moving to our outlook for fiscal year 2023, I'd like to provide an update on the status of our logistics network and the actions we are taking to mitigate any macro supply chain impacts on our business. Prolonged transit lead times, port bottlenecks related to trucking scarcity and ocean container shortages were the most material impacts to our business in fiscal year 2022, and we expect some of these pressures will continue as we begin fiscal year 2023. While I'm pleased to report that delays and pork backlog have improved, we remain cautious given the scaling size of our business risks that current or future COVID outbreaks or other global events have a domino effect across the supply chain and the potential for port labor disruption to occur later this summer. As such, we continue to prioritize receiving inventory into the country of sale and thus, expect inventory balances to remain elevated during fiscal year 2023.
Given the momentum of our brands and our strong balance sheet, we are comfortable carrying higher levels of inventory to ensure demand will be fulfilled. From a factory production standpoint, we have been successful in securing additional production lines with existing partners, as well as onboarding new partners. We believe this will support our plan to continue fueling the growth of our brands and anticipate that this new production will allow us to begin to see expanded capabilities and capacities as we ramp into fiscal 2023 and beyond. On the cost front, we continue to see higher prices across the supply chain.
But in some cases, we have seen some moderation. From an ocean freight perspective, we anticipate this to be a headwind to the first half gross margins as we lapped last year's first half lower cost. Additionally, we have been monitoring inflationary pressures on materials, but believe that impacts from ocean freight and materials inflation can be mitigated by the price increases we implemented for HOKA in the fourth quarter of fiscal 2022 and planned increases for UGG beginning in fall of 2022. Beyond that, we continue to anticipate using airfreight in fiscal 2023, but almost exclusively for the HOKA brand as we will work to fill production gaps caused by factory disruption.
While we will experience savings from less air on the UGG side, we still anticipate using HOKA air freight during the year, which we do not intend to cover through pricing action. With all that in mind, we have taken concrete steps to mitigate the impacts on our business from persistent supply chain disruption, including placing orders and taking possession of inventory earlier for in-demand items, carrying greater levels of inventory on key styles during this disruptive period using airfreight to strategically position HOKA for theglobal marketshare gain and improving our supply chain logistics capabilities. While some of these strategies will increase costs and reduce certain efficiencies in the short term, we believe these decisions support driving profitable top line growth over the longer term. Shifting to our outlook.
For the full fiscal year 2023, we expect year-over-year top line revenue growth of 10% to 11%, leading to revenue in the range of $3.45 billion to $3.5 billion, with HOKA growing in the mid- to high 30% range, reaching the $1.2 billion milestone on the low end; UGG growing low single digits, accounting for the wholesale revenue that shifted into the fourth quarter of fiscal year 2022 that we anticipate will sell through during the upcoming fall season; and wholesale and DTC growth at a similar rate, reflecting the impact of strategic growth initiatives across all brands. Gross margin is expected to be approximately 51.5%, which is 50 basis points higher than last year. The increase over last year anticipates less air freight and benefits from select price increases within HOKA and UGG with headwinds from foreign currency exchange rates and continued impacts from higher ocean rates. SG&A is expected to be approximately 34% of revenue.
Higher spend is primarily related to: investments in talent and capabilities to scale the business and remain competitive in the marketplace, increased marketing to build global HOKA awareness and broaden the brand's consumer appeal and increased travel as markets open up. With these gross margins and SG&A expectations, we expect an operating margin in the range of 17.5% to 18%, which is similar to fiscal 2022 levels and approximately 150 to 200 basis points above pre-pandemic levels despite persistent cost pressures related to supply chain disruptions and aligns with our commitment to remain top tier among our peer group even as we continue investing behind long-term initiatives. We are projecting a tax rate of approximately 22% to 23%. All of this results in an expected diluted earnings per share in the range of $17.40 to $18.25.
The Capital expenditures are expected to be in the range of $100 million to $110 million, which is elevated versus prior years as we scale infrastructure to align with our growing organization. Key areas of investment include: additional warehouse space, capital IT projects and refreshing certain existing retail stores, as well as opening strategic new locations for HOKA and UGG. Our fiscal 2023 guidance excludes any charges that may be considered onetime in nature and does not contemplate any impact for additional share repurchases. Additionally, our guidance assumes no meaningful deterioration of current risks and uncertainties, which include, but are not limited to, further impacts of the COVID-19 pandemic on our operations and economic conditions, including supply chain disruptions, constraints and related expenses, labor shortages, inflationary pressures, changes in consumer confidence and geopolitical tensions.
With continued uncertainty in the world and disruptions still impacting the supply chain, we will not be providing quarterly guidance. But similar to last year, we expect to drive full year growth and be profitable in all four quarters, but the quarterly cadence will likely be different than last year as we expect more pressure in the first half of the year compared to last. Some of the items driving quarterly differences year over year include: lower gross margins expected in the first half of the year as compared to last year due to higher ocean freight expense, planned increases to marketing investments in the first half to support HOKA launching its first major global campaign alongside new product introductions and higher talent costs related to investing in our workforce and adding headcount. With these impacts and a strengthening U.S.
dollar, we expect lower profitability in the first quarter as compared to last year. Thanks, everyone. I'll now hand the call back to Dave for his final remarks.
Dave Powers
Thanks, Steve. Fiscal year 2022 represented another phenomenal year for Deckers as our portfolio of brands delivered revenue and earnings growth above 20%. We continue to drive progress toward our long-term vision to build HOKA into a multibillion-dollar major player in the performance athletic space, further diversify the UGG brand's product, geographic and seasonal mix, grow our DTC business through consumer acquisition and retention and drive international markets through its strategic investments. These strategies continue to benefit our organization's focus and act as a North Star guiding to continued development of our portfolio of powerful brands while maintaining top-tier levels of profitability.
Our consistent delivery of exceptional results often overshadows the progress our organization continues to make in doing good and doing great in the communities where we operate. We've made great progress with Deckers Gives, as our employees contributed more than 14,000 volunteer hours in fiscal year 2022; our DAI initiatives as we've improved bipart representation among our leadership teams to 21%, which is up from 12% two years ago. I'd like to thank our employees for their dedication and hard work that continues to drive Deckers into the future. Thank you to all of our stakeholders for your continued support.
Before I turn over the call, I'd like to acknowledge our announcement earlier that Wendy Yang will be stepping down from her role as president of performance lifestyle effective as of the end of this month. On behalf of the entire Deckers team, I want to thank Wendy for her leadership and contributions over the past seven years. With HOKA and Teva in their strongest position to date, I am confident in our ability to continue our positive momentum. I look forward to the future with this talented team and wish Wendy the best.
While the company conducts a leadership search, Stefano Caroti, our president of Omnichannel, will assume Wendy's responsibility on an interim basis. Wendy will remain with the company in a consulting role through August 15, 2022, to ensure a smooth transition. As we are now ready to take questions, again, I would like to say how proud I am of the Deckers organization and our accomplishments over the past few years. We have delivered impressive results and have built a strong foundation for the future.
Our future opportunities are more exciting than ever, and I look forward to the journey ahead with our team. With that, I'll turn the call over to the operator for Q&A. Operator?
Questions & Answers:
Operator
Thank you. [Operator instructions] Our first question comes from Laurent Vasilescu with Exane BNP Paribas. Please go ahead.
Laurent Vasilescu -- Exane BNP Paribas -- Analyst
Good afternoong. Thanks you very much for taking my question, and congrats on such a great finish to the year. Dave, Steve, I wanted to ask about pricing. When we think about the 10% to 11% growth for the year, we're hearing a lot of brands take up pricing.
Should we assume that there's high single-digit pricing for this year? Any guardrails on that would be very helpful.
Dave Powers
Yeah, great question. Generally speaking, I would say the best way to think about it is across the board, across all brands globally, there's about a 6% to 8% increase in prices heading into this year. And it's been surgical by brand, by style, by region, but we think that that's right for the brand. It gives us upside to offset some of the headwinds in margin from freight charges and is in line with expectations in the market and still competitive.
And we're going to continue to evaluate that and look for opportunities, as we always do. But across the board, it's generally around 6% to 8%.
Laurent Vasilescu -- Exane BNP Paribas -- Analyst
Very helpful. Thank you so much. And then my follow-up question is with regards to HOKA's growth of high 30s, can you give us any update on how many doors you're currently at DICK'S Sporting Goods? When you said limited number of doors at Foot Locker, can you just give us some guardrails? And on that, like how do we think about wholesale versus direct-to-consumer growth? I think you mentioned right wholesale still be the driver, but just trying to put some guardrails around that after the full year's results.
Dave Powers
Yeah. I would say consistent with the way the HOKA brand has been managed to date, very strategic and very thoughtful on how fast we go and which accounts we grow with. DICK's Sporting Goods, the business there is very, very strong. but we're still in less than 20% of the total doors and not really looking to expand that aggressively anytime soon.
And as you heard in the script, we also have this open Foot locker in a handful of stores as well. So early days, but we want to -- as we said all along, we want to win with sell-through. We want to be in the right locations with the right partners for our consumers and build a quality sustainable business over time. So we are looking to expand wholesale, but it's really more in the accounts we're already in.
We still see a lot of upside in the run specialty channel, even though in some cases, we may be the No. 1 running brand and have 20% market share in that channel. There's still a lot of upside there globally. And then the key partners that we've talked about with REI, DICK'S and now Foot Locker, we're going to grow strategically with them in a way that builds a strong sustainable business and targets the right consumers over time.
So -- and then DTC is obviously the main focus in. The pop-up stores that we've done with HOKA, we're very excited about those. We see an opportunity for those locations to grow around the globe strategically as well as we look at our marketplace strategy to augment the awareness that we're building in wholesale, but to create a really powerful experience for our consumers and get them to understand the full breadth and the excitement of this brand. So lots of reasons to be excited.
We have opportunities in wholesale, e-commerce and retail, and we're going to look holistically across the three of those channels to decide going forward, what's the best way to build this brand in a sustainable and strong way going forward. But I will say we're very proud of the productivity of the doors we're in globally. I think that's a true testament to the strength of the brand, where yes, we're selling in, but the strength of our sell-through is what's really exciting for us.
Laurent Vasilescu -- Exane BNP Paribas -- Analyst
That's great to hear. Best of luck as you start the year.
Dave Powers
Thank you.
Operator
Our next question comes from Jonathan Komp with Baird. Please go ahead.
Jon Komp -- Baird -- Analyst
Yeah. Hi, good afternoon, thank you. I want to maybe ask first on the UGG brand. Just thinking about the low single-digit guidance for the year, can you maybe just quantify the wholesale timing impact that you called out? And whether or not you'd be sort of mid-single-digit underlying? And then when you think of the building blocks for that, could you maybe just share more color given the commentary you had on some of the brand diversification and strengthening international, what you're seeing to give you confidence in that underlying growth?
Steve Fasching -- Chief Financial Officer
Yeah, sure, John. This is Steve. I'll go first. So on the UGG, you're right.
When you consider what we did in the fourth quarter, again, demonstration of how strong the brand performed, how relevant the brand was. We also did see strategic partners, wholesale accounts who took inventory in knowing that they weren't going to sell it through in the fourth quarter. So as we expect, they'll carry it in knowing that there are supply chain disruptions they're happy to carry it into our fiscal year '23, which we expected to sell through. We do see that more as an impact in kind of Q3, Q4.
And you're right, so the underlying growth on that is more mid-single digits versus the low single digits that we were kind of thinking previously.
Dave Powers
Yeah. And there's still a lot to be excited about UGG. I mean, double-digit growth two years in a row in this environment and some of the supply chain challenges we've had, there's still a lot of upside, but we are taking a little bit more of a cautious approach in the shorter term to kind of make sure that we're resetting appropriately coming out of COVID. But when you look at the UGG brand, I mean, we're attracting a younger and more fashionable and diversified consumer.
There is still growth in women's footwear, both in classics and extensions in some of the fashions, particularly in spring and summer. Men's, kids and apparel, those all have double-digit growth opportunities into this year and beyond. We're excited about the reset and the positive results in Europe and Asia. We've got some new leadership in the team in marketing and product management, and we'll be bringing on a new leader soon, ramping up the innovation pipeline.
There's just a lot to be excited about, but we want to do this strategically thoughtfully and in partnership with our commercial leaders in the regions to really attack the marketplace in an elevated and consistent manner.
Jon Komp -- Baird -- Analyst
Yeah, that's really helpful. And then maybe a broader question on your total top line growth profile. I know before COVID, you talked about several years where you saw, I think it was low double-digit combined revenue growth. Any thoughts as you look out beyond this year.
Is that sort of the right algorithm, especially after this year when pricing falls off a bit and then tied into that, is this sort of a one-year step up in the G&A investment? And what do you expect to get leverage after this year? Thanks.
Steve Fasching -- Chief Financial Officer
Yup. Thanks, John. And I think that's a good way to look at it now. Again, we're in a year of a lot of uncertainties, so a lot to work through.
But I think we're thinking along those lines. And so yes, this is a year of investment coming on the heels of two years of significant top line growth, kind of we'll work through this year. But I think generally, how you said it is kind of a good way to think about it, and then we'll see how this year progresses.
Dave Powers
Yeah. And there is a lot of investments still to make in the business, too, I mean you think about the international growth, setting up retail footprint to expand into HOKA and elevate our game in UGG, apparel resources, IT resources, etc. And we've made some investments this year. We're going to continue to do that in line with the growth of the business.
So hopefully, the supply chain headwinds, the cost side of that subsides over the next year or two and we can reinvest some of those savings back into the business, too.
Jon Komp -- Baird -- Analyst
That's really helpful color. Thanks again.
Steve Fasching -- Chief Financial Officer
All right. Thanks, Jon.
Dave Powers
Thanks, Jon.
Operator
Our next question comes from Camilo Lyon with BTIG. Please go ahead.
Mackenzie Boydston -- BTIG -- Analyst
Hi. This is Mackenzie Boydston on for Camilo. Thanks for taking our question. My first question is just more generally, how your wholesale partners are viewing back half orders and if their views have changed at all from, say, 90 days ago, just any thoughts on discussions with your partners would be really helpful.
Dave Powers
Yeah. I mean, the partnerships are still very healthy. We work really hard on these relationships with our key partners, and I think that served us well over the last couple of years with supply chain disruptions and lack of availability or visibility on inventory. I think it's an ongoing challenge, but I'm proud of the way our teams are managing through it.
And we haven't heard any real major issues from any of our wholesale partners. Obviously, they want as much product they can get as fast as they can. So that's really what the conversations are about. It's more about how can we get it versus, hey, we want to do cancellations.
We're not seeing any of that at all.
Steve Fasching -- Chief Financial Officer
Yup.
Mackenzie Boydston -- BTIG -- Analyst
Perfect. That's helpful. And then just on gross margin. I think it compressed a little bit more than we were modeling.
So just understanding maybe the puts and takes to gross margin this quarter? And then maybe is it safe to say that Q4 is maybe the trough for gross margin contraction, knowing that it will still be challenged in the first half, but just trying to understand how it how next year gross margins kind of set all versus this year? Thanks.
Steve Fasching -- Chief Financial Officer
Yeah. So I think on that, Mackenzie, that on the Q4 hit, you're right, a little bit more, and that was really driven by freight. And that -- and within the freight, there was the ocean combination, but there was also more air freight as we used air to bring in the HOKA product, which really helped drive the top line on the HOKA sales for the quarter. So that was an important element to be able to get that product in.
As we said going forward, our expectation is we will incur some headwinds with ocean freight in the first half of the year as we're lapping a year that didn't have that freight, and then we do expect to reduce our air freight usage. So sitting on a better inventory position this year going into FY '23, our expectation is that we'll need to use less air freight, which should help margins this year versus last year.
Dave Powers
Yeah. And the other thing I would add just on a little color on HOKA. We're still in a chase mode on demand is still exceeding supply, but our supply teams have done an incredible job finding more capacity for us in Vietnam and beyond for the HOKA brand. And we're going to see the effects of that start to kick in probably in the second half of this fiscal year.
which should help us finally get us to the point where we're cut up to the demand. But we're still in chase mode right now, which is great, but we're missing some opportunities because of it.
Mackenzie Boydston -- BTIG -- Analyst
Great. Thank you so much.
Dave Powers
Thanks, Mackenzie.
Operator
Our next question comes from Jay Sole with UBS. Please go ahead.
Jay Sole -- UBS -- Analyst
Great. Thank you so much for taking my questions. Dave, you mentioned Europe and HOKA retail, I want to maybe see if we can dive into those topics a little bit. Specifically on UGG, you've been working really hard, the company has been working really hard on resetting that business.
It seems like it's poised to break out this year. And -- but the question is, do you see some of the macro factors disrupting that? And secondly, on HOKA retail, so what's your vision here? It sounds relatively new. What kind of -- just give us sense what kind of store format you see? What the potential is? And what the what the objective is there with HOKA retail?
Dave Powers
Yeah. Great question. Really excited about Marco, the GM of Europe and the progress that he and the team have made around UGG. It has been a multiyear journey.
They've done a great job of cleaning up the marketplace and creating a city around classics, introducing styles like the Fluff and that franchise to her consumers. So the playbook, so to speak, that we've been employing in the U.S. is working. It's unfortunate that we've had supply chain challenges last year, and now we have a macroeconomic challenge going on in that region.
We're still optimistic. We're still hearing positive responses from our accounts and the fact that there's still leaving an egg and want the inventory, we can get it. But it is going to dampen our opportunities a little bit, and that's embedded into the guidance. But suffice to say, the brand is on a resurgence there.
We have work to do in individual markets that was looking to really optimize Germany as an example. We were in the market in December visiting the market. The brand is strong. But we need to raise our game on how we look in front of the consumer and how we show up in DTC a little bit.
But the good news is a lot of the trends that we're seeing in the U.S. around a younger consumer gravitating to the brand, we're seeing that there as well. And we think that we have a really strong run for the UGG brand going forward. With regards to HOKA retail, it's definitely early days.
we got into retail really is a way to attack the China market. So we opened our first few stores in the China region. We opened pop up here in New York and L.A. and we just opened one in Chicago, all exceeding expectations, all doing great.
They're smaller formats by design, but they're giving us great confidence that we can do some meaningful business through retail for HOKA, but the real objective is to just engage with our consumers and create further our ecosystem. So we're driving them into our brands across multiple categories, bringing them online, maximizing lifetime value. So we're not looking at this says, hey, we want 200 HOKA stores overnight. But they will play a strategic role in bringing the full breadth of the brand to consumers in key cities that we have identified, and then we're going to maximize the opportunity in some of these key cities and then see where we go from there.
Jay Sole -- UBS -- Analyst
Got it. OK. Thank you so much.
Dave Powers
Thank you.
Operator
Our next question comes from John Kernan with Cowen. Please go ahead.
John Kernan -- Cowen and Company -- Analyst
Yeah. Thanks for taking my question, and congrats on a phenomenal year.
Dave Powers
Thank you.
John Kernan -- Cowen and Company -- Analyst
So maybe just step back on the gross margin, for everyone across the whole sector, across the [Inaudible] here, whether it's raw materials, ocean, air, on the freight side, just wondering how the long-term gross margin outlook? Has it changed at all if some of these costs remain structurally higher on the commodity and transportation and freight side? How do we think about this new inflationary environment that we're in?
Steve Fasching -- Chief Financial Officer
Yes. I think it's -- this is Steve, John. It's a big question, and I think no one knows for certain how all this plays out. I think and expect is we should see improvement, but I don't think we're going to see that anytime soon, right? And that's really what we've modeled in.
So on that, from a gross margin perspective, we're assuming ocean freight does not significantly improve this year versus last. Although last year in the first half, we were not expensing through the inventory at these higher levels of inventory. So FY '23 will be a full year of expensing that higher ocean freight. We're using pricing to offset most of that.
So we're able to pick up a little bit through some of the pricing increases. We're not using, as we said in the prepared remarks, using price increases to offset the air. So as we move in and supply chain disruption improves, margins should improve as we reduce our air freight usage. And as we said, again, we're planning to use less air freight this year than what we used last year.
So I think that's kind of one dynamic. Then on inflation, we haven't yet seen too much of that impact, although we know it's coming, right? So we've been anticipating disruption, some inflation. That's why we're bringing more inventory in earlier. That's why you're seeing our inventory sit a little bit higher than where it has been in historic levels.
But as we call out on a multiyear comparison, our inventory growth is still in line with sales growth. So that's something that we'll keep an eye on. We're able to benefit a little of that through materials inflation by having the inventory now. But it is something that we're going to keep a close eye on because that is something that we expect could present itself as a headwind.
And again, we'll look at pricing structure then. So to answer your question, I think it's too early to know long term how all this plays out. We think the guidance, as best we know today, factors most of this in. And then hopefully, we start to see some improvement longer term, but our expectation isn't that you're going to see anything improve much in our current fiscal year '23.
Dave Powers
Yeah.
John Kernan -- Cowen and Company -- Analyst
I guess maybe one follow-up is, you talked about HOKA becoming a multibillion-dollar brand. I think there's a lot of people that believe in that potential. Can you talk to what it looks like from a channel perspective as you start to get there? Wholesale, it feels like there's more opportunity on the wholesale side. You talked to the DTC piece already.
How do we think about wholesale and DTC as HOKA scales to multi-billion dollars in revenue?
Dave Powers
Yeah. I think there's -- well, there's two things to think about. One is the category opportunity. So we really see HOKA as a performance brand and a performance brand across multiple categories.
We're obviously rooted in running, and that's where our authenticity comes from, but we're relevant and important trail and hike and getting into fitness and other categories down the road, head to toe. So when you think about the breadth and the shoulders that this brand has, we see a multibillion-dollar opportunity. From a channel perspective, listen, we could light up wholesale today and dramatically increase the results of this business overnight. But we want to make sure it's sustainable.
And in this environment where first-party data is critical for success. We're doing everything we can to drive healthy DTC business at the same time. So right now, we're looking at probably a 50-50 split because internationally, there's there is more opportunities in wholesale, and that's just depending on the market than DTC today. But we're very conscious of the fact that we're leveraging wholesale to introduce the brand and create awareness and have healthy sell-through in the right accounts.
But at the end of the day, we want that traffic to all to end up in our website and in our stores. And we believe that that's the right model. We have the resources. We have the capabilities to make that happen.
And we're in this for the long haul. We want to see this to be a multibillion-dollar brand that is meaningful against some of the top performance brands in the world over time.
Steve Fasching -- Chief Financial Officer
Yeah. And I think also, John, on that, as we've said before, brand awareness of HOKA, relatively speaking, is still low.
Dave Powers
Yes, low.
Steve Fasching -- Chief Financial Officer
And so we can strategically use these wholesale accounts to build that brand awareness. And then we do see a high conversion rate down the road where they come to us direct. So this is -- it's a great way to build brand awareness, using these relationships in a strategic partnership to really get the brand out there in front of consumers.
Dave Powers
Yeah. And one other opportunity that we've talked about within the UGG brand is the loyalty program. We have now almost 6 million consumers, I believe, in our loyalty program. Those are our best consumers.
They shop most frequently to spend more money than somebody who's not in loyalty program. And this is an emerging opportunity for HOKA as well down the road that we can use to kind of further bolster the strength of our DTC channel.
John Kernan -- Cowen and Company -- Analyst
Awesome. Congrats on a great year and outperforming most of your peers in the industry.
Dave Powers
Thanks, John.
Steve Fasching -- Chief Financial Officer
Thanks, John.
Operator
Our next question comes from Paul Lejuez with Citi. Please go ahead.
Paul Lejuez -- Citi -- Analyst
Hey. Thanks, guys. The EBIT margin guidance that you gave for the year is similar to what you achieved this past year. I'm curious how you're thinking about each brand and where you expect HOKA versus UGG to shake out versus this prior year? Or if you're looking at both of them as being kind of in line? And then second question, I'm just curious, just from a very high level, which parts of your supply chain right now are getting better, staying the same, getting worse? Any comments along the -- along those lines.
Thanks.
Dave Powers
Sure, Paul, I'll go first. Just speaking about kind of the gross margin guidance that we've provided similar to what we had in '22. So as we talked about, some improvements on the gross margin, but then also some investment. So as we've always said, we have shifted our operating model to be more variable.
So that gives us flexibility in terms of when we see some headwinds to how we can potentially offset some of those headwinds, which is exactly what we did in FY '22 to deliver at the high end of what we gave a year ago. So what we also know is that we tightened our belt. And so going into a year where we can get some -- a little bit of gross margin improvement, it gives us an opportunity to also make some investments in the business. And what we've said and you've heard me say it before, is we are looking at the long-term opportunities for our brand.
And so we want to make sure that we're providing the right level of investment. And even with these results, as we say, these are among the best in our peer group. So we're flexible, we're nimble. We've got a nice variable model that allows us to do that.
And so we'll take these opportunities then when we can expand a little bit of margin to also make sure we're investing in the business for the long term.
Steve Fasching -- Chief Financial Officer
Yeah. And then, Paul, to answer your questions on supply chain, so just going down the list, I would say our capacity is good, right? We have the factory capacities that we need for all the brands, but particularly HOKA increasing going into the second half of the year. So that's good. Shipping times are still a challenge, right? We've had to put buffers into our lead times for product creation and then when we put our buys in.
So there's a level of uncertainty that comes with that, but we're managing that through that well, but it is from the time inventory leaves the factory to our DCs is still longer than we would like, obviously. Port bottlenecks, and particularly in Long Beach, we're seeing a little bit of improvement there. Things are coming in a little bit faster. But I hope I'm wrong, but I personally think there's just a lull before we come into the fall inventory starting to ramp up again.
So I'm optimistic that that will continue, but I'm a little nervous that when we get into peak selling season, that's going to jam up again. Inventory and visibility of that inventory and timing as to when it's going to come in, still a challenge for our teams, their customer experience and the sales team are having to rebalance orders against inventory availability. So that's just a lot of heavy lifting that the teams have to go through. We don't see a lot of improvement on that yet still because the challenge with the port is we don't know which container is going to come in and when.
But -- and then on the logistics side of it from a DC perspective, the investments we've made in the last couple of years are paying off. We have a little bit of work to do and just stabilizing some of the newer DCs in Europe and the Midwest, but we're excited that we have these underway and we're gearing up for continued growth. So I think the hope there is that the shipping lead times and the bottlenecks of the port by it a little bit. And I think other than that, we're really in good shape.
Dave Powers
And then I think just also to add, we are keeping a close eye on the labor contract negotiations with West Coast port workers. So that's just something else that we're very carefully watching. And again, why we're bringing in inventory earlier than what we normally do. So something just to keep a close eye on.
Steve Fasching -- Chief Financial Officer
Yeah. And I do think, and I really believe that bringing this inventory [Inaudible] and carrying a little bit is going to serve us well because we need the inventory in the marketplace to be able to sell it. And it's a very uncertain environment right now, still probably more uncertain than it was a year and even last year ago -- two years ago. So I'm excited that we have this inventory coming in.
We're in good place. We just need to get it out to the marketplace now and just keep going after it.
Paul Lejuez -- Citi -- Analyst
Just a quick follow-up on the inventory. Can you just say what the inventory increases by brand?
Dave Powers
Yeah, we didn't provide that. What we can say is it's consistent with -- the larger brands is consistent with the average. So increasing as we anticipate kind of disruption and bringing more in. But again, on a two- and three-year comparison to sales is in line with our sales growth.
Paul Lejuez -- Citi -- Analyst
OK. Thanks, guys. Good luck.
Dave Powers
Thank you.
Operator
Our next question comes from Tom Nikic with Wedbush Securities. Please go ahead.
Tom Nikic -- Wedbush Securities -- Analyst
Hi, guys. Thanks for taking my question. Dave, just -- I think earlier you were talking about still being in chase mode for HOKA and expecting inventory availability to be better in the back half of the year. So as we kind of model the year, should we think that the growth is a little bit stronger for HOKA in the second half of the year? Or am I kind of off base here?
Dave Powers
Yeah. I was referring more to Q4 results, we were chasing. That's why we saw the -- we got the inventory and we aired it in, and that got into the marketplace, and we're still getting some of that inventory out to the marketplace. Right now, the teams are still out selling for next spring.
So it's -- we're waiting to see what that looks like. But the point I was trying to make is that if the sales increases -- if the sales orders increase, we have the capacity to meet them. But right now, I wouldn't necessarily say that Q2 is going to be that much stronger than Q1. It's early days on that.
But we think pegging ourselves a 30% to 35% growth for the year is right. There's potential that could be higher than that. But early in the year in an uncertain environment, we think this is the right way to place the guidance.
Tom Nikic -- Wedbush Securities -- Analyst
Understood. And Steve, if I can ask you a quick one, just I think the stock is much lower than it had been, and you've got quite a bit of cash on the balance sheet, and I know that you're investing this year and you said something about like elevated inventory. But like how do we think about buyback and your willingness to sort of maybe get a little bit more aggressive on the buyback in light of the valuation where it is today?
Steve Fasching -- Chief Financial Officer
Yeah. A good question. And as you know, we don't necessarily comment on current activity. But I can speak to the year we just completed.
And as I said, it's the most aggressive share repurchase that we've ever done at prices higher than where we currently sit. So clearly, this is something that we're watching very closely, active discussion on. But yes, we recognize where our price is at and where the company is going. So that is something that we take into account.
Tom Nikic -- Wedbush Securities -- Analyst
Sounds good. Thanks again, and best of luck this year.
Steve Fasching -- Chief Financial Officer
Thanks, Tom.
Operator
[Operator signoff]
Duration: 66 minutes
Call participants:
Erinn Kohler -- Vice President, Investor Relations
Dave Powers
Steve Fasching -- Chief Financial Officer
Laurent Vasilescu -- Exane BNP Paribas -- Analyst
Jon Komp -- Baird -- Analyst
Mackenzie Boydston -- BTIG -- Analyst
Jay Sole -- UBS -- Analyst
John Kernan -- Cowen and Company -- Analyst
Paul Lejuez -- Citi -- Analyst
Tom Nikic -- Wedbush Securities -- Analyst
More DECK analysis
All earnings call transcripts
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Deckers Outdoor (NYSE: DECK) Q4 2022 Earnings Call May 19, 2022, 4:30 p.m. Welcome to the Deckers Brands' fourth quarter fiscal 2022earnings conference call [Operator instructions] I would like to remind everyone that this conference call is being recorded. 10 stocks we like better than Deckers Outdoor When our award-winning analyst team has a stock tip, it can pay to listen.
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Operator [Operator signoff] Duration: 66 minutes Call participants: Erinn Kohler -- Vice President, Investor Relations Dave Powers Steve Fasching -- Chief Financial Officer Laurent Vasilescu -- Exane BNP Paribas -- Analyst Jon Komp -- Baird -- Analyst Mackenzie Boydston -- BTIG -- Analyst Jay Sole -- UBS -- Analyst John Kernan -- Cowen and Company -- Analyst Paul Lejuez -- Citi -- Analyst Tom Nikic -- Wedbush Securities -- Analyst More DECK analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor (NYSE: DECK) Q4 2022 Earnings Call May 19, 2022, 4:30 p.m. Welcome to the Deckers Brands' fourth quarter fiscal 2022earnings conference call [Operator instructions] I would like to remind everyone that this conference call is being recorded.
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Deckers Outdoor (NYSE: DECK) Q4 2022 Earnings Call May 19, 2022, 4:30 p.m. Welcome to the Deckers Brands' fourth quarter fiscal 2022earnings conference call [Operator instructions] I would like to remind everyone that this conference call is being recorded. 10 stocks we like better than Deckers Outdoor When our award-winning analyst team has a stock tip, it can pay to listen.
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Operator [Operator signoff] Duration: 66 minutes Call participants: Erinn Kohler -- Vice President, Investor Relations Dave Powers Steve Fasching -- Chief Financial Officer Laurent Vasilescu -- Exane BNP Paribas -- Analyst Jon Komp -- Baird -- Analyst Mackenzie Boydston -- BTIG -- Analyst Jay Sole -- UBS -- Analyst John Kernan -- Cowen and Company -- Analyst Paul Lejuez -- Citi -- Analyst Tom Nikic -- Wedbush Securities -- Analyst More DECK analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor (NYSE: DECK) Q4 2022 Earnings Call May 19, 2022, 4:30 p.m. Welcome to the Deckers Brands' fourth quarter fiscal 2022earnings conference call [Operator instructions] I would like to remind everyone that this conference call is being recorded.
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Deckers (DECK) Q4 Earnings and Revenues Surpass Estimates
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https://www.nasdaq.com/articles/deckers-deck-q4-earnings-and-revenues-surpass-estimates
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Deckers (DECK) came out with quarterly earnings of $2.51 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.18 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 85.93%. A quarter ago, it was expected that this maker of Ugg footwear would post earnings of $8.35 per share when it actually produced earnings of $8.42, delivering a surprise of 0.84%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $736.01 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 14.25%. This compares to year-ago revenues of $561.19 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Deckers shares have lost about 38% since the beginning of the year versus the S&P 500's decline of -17.7%.
What's Next for Deckers?
While Deckers 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 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 $1.62 on $548.57 million in revenues for the coming quarter and $17.54 on $3.36 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 28% 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, Caleres Inc. (CAL), has yet to report results for the quarter ended April 2022. The results are expected to be released on May 24.
This footwear wholesaler and retailer is expected to post quarterly earnings of $0.82 per share in its upcoming report, which represents a year-over-year change of +36.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Caleres Inc.'s revenues are expected to be $661.05 million, up 3.5% from the year-ago quarter.
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
Caleres, Inc. (CAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers (DECK) came out with quarterly earnings of $2.51 per share, beating the Zacks Consensus Estimate of $1.35 per share. Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $736.01 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 14.25%. Deckers shares have lost about 38% since the beginning of the year versus the S&P 500's decline of -17.7%.
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Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $736.01 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 14.25%. Deckers (DECK) came out with quarterly earnings of $2.51 per share, beating the Zacks Consensus Estimate of $1.35 per share. Deckers shares have lost about 38% since the beginning of the year versus the S&P 500's decline of -17.7%.
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Deckers (DECK) came out with quarterly earnings of $2.51 per share, beating the Zacks Consensus Estimate of $1.35 per share. Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $736.01 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 14.25%. Deckers shares have lost about 38% since the beginning of the year versus the S&P 500's decline of -17.7%.
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Deckers (DECK) came out with quarterly earnings of $2.51 per share, beating the Zacks Consensus Estimate of $1.35 per share. Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $736.01 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 14.25%. Deckers shares have lost about 38% since the beginning of the year versus the S&P 500's decline of -17.7%.
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2866f931-8d3c-467b-85fc-84baa520dfe2
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724038.0
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2022-05-19 00:00:00 UTC
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After-Hours Earnings Report for May 19, 2022 : AMAT, PANW, ROST, VFC, GLOB, DECK, FLO, AINV, THMO
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DECK
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https://www.nasdaq.com/articles/after-hours-earnings-report-for-may-19-2022-%3A-amat-panw-rost-vfc-glob-deck-flo-ainv-thmo
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nan
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nan
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The following companies are expected to report earnings after hours on 05/19/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
Applied Materials, Inc. (AMAT)is reporting for the quarter ending April 30, 2022. The capital goods company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.89. This value represents a 15.95% increase compared to the same quarter last year. In the past year AMAT has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2022 Price to Earnings ratio for AMAT is 13.88 vs. an industry ratio of 18.70.
Palo Alto Networks, Inc. (PANW)is reporting for the quarter ending April 30, 2022. The security company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.40. This value represents a 35.48% increase compared to the same quarter last year. The last two quarters PANW had negative earnings surprises; the latest report they missed by -52.38%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for PANW is -340.00 vs. an industry ratio of -29.70.
Ross Stores, Inc. (ROST)is reporting for the quarter ending April 30, 2022. The discount retail company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.99. This value represents a 26.12% decrease compared to the same quarter last year. In the past year ROST has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 7.22%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ROST is 18.41 vs. an industry ratio of 19.10.
V.F. Corporation (VFC)is reporting for the quarter ending March 31, 2022. The textile company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.45. This value represents a 66.67% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for VFC is 14.41 vs. an industry ratio of 13.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Globant S.A. (GLOB)is reporting for the quarter ending March 31, 2022. The internet software company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.93. This value represents a 40.91% increase compared to the same quarter last year. In the past year GLOB has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 7.59%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for GLOB is 45.15 vs. an industry ratio of 36.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Deckers Outdoor Corporation (DECK)is reporting for the quarter ending March 31, 2022. The shoes & retail apparel company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.35. This value represents a 14.41% increase compared to the same quarter last year. DECK missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -0.54%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DECK is 15.06 vs. an industry ratio of 14.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Flowers Foods, Inc. (FLO)is reporting for the quarter ending March 31, 2022. The food company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.38. This value represents a 7.32% decrease compared to the same quarter last year. FLO missed the consensus earnings per share in the 4th calendar quarter of 2021 by -9.09%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for FLO is 19.82 vs. an industry ratio of 23.40.
Apollo Investment Corporation (AINV)is reporting for the quarter ending March 31, 2022. The financial services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.34. This value represents a 12.82% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for AINV is 8.65 vs. an industry ratio of 9.30.
ThermoGenesis Holdings, Inc. (THMO)is reporting for the quarter ending March 31, 2022. The biomedical (gene) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.02. This value represents a 109.52% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for THMO is 3.53 vs. an industry ratio of -1.00, implying that they will have a higher earnings growth than their competitors in the same industry.
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 reporting for the quarter ending March 31, 2022. DECK missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -0.54%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DECK is 15.06 vs. an industry ratio of 14.10, implying that they will have a higher earnings growth than their competitors in the same industry.
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Zacks Investment Research reports that the 2022 Price to Earnings ratio for DECK is 15.06 vs. an industry ratio of 14.10, implying that they will have a higher earnings growth than their competitors in the same industry. Deckers Outdoor Corporation (DECK)is reporting for the quarter ending March 31, 2022. DECK missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -0.54%.
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Zacks Investment Research reports that the 2022 Price to Earnings ratio for DECK is 15.06 vs. an industry ratio of 14.10, implying that they will have a higher earnings growth than their competitors in the same industry. Deckers Outdoor Corporation (DECK)is reporting for the quarter ending March 31, 2022. DECK missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -0.54%.
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DECK missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -0.54%. Deckers Outdoor Corporation (DECK)is reporting for the quarter ending March 31, 2022. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DECK is 15.06 vs. an industry ratio of 14.10, implying that they will have a higher earnings growth than their competitors in the same industry.
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75a2b7a7-cbc9-4661-84f0-e6cfcf29abb7
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724039.0
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2022-05-19 00:00:00 UTC
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Deckers Outdoor Q4 22 Earnings Conference Call At 4:30 PM ET
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-q4-22-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 19, 2022, to discuss Q4 22 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 19, 2022, to discuss Q4 22 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 19, 2022, to discuss Q4 22 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 19, 2022, to discuss Q4 22 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 19, 2022, to discuss Q4 22 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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f2490906-05b9-4b4f-bdec-e8ec424fed47
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724040.0
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2022-05-18 00:00:00 UTC
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Deckers Outdoor Corp. Shares Approach 52-Week Low - Market Mover
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp.-shares-approach-52-week-low-market-mover
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed today at 1.7% above its 52 week low of $223.02, giving the company a market cap of $6B. The stock is currently down 38.0% year-to-date, down 31.6% over the past 12 months, and up 289.6% over the past five years. This week, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 0.2%.
Trading Activity
Trading volume this week was 74.4% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5.
Technical Indicators
The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
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 , lags 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 , lags 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 , lags 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 30.1%
The company's stock price performance over the past 12 months lags the peer average by 13.6%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -15.9% lower 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 1.7% above its 52 week low of $223.02, giving the company a market cap of $6B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags 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 , lags 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 , lags 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 30.1% The company's stock price performance over the past 12 months lags the peer average by 13.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -15.9% lower than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed today at 1.7% above its 52 week low of $223.02, giving the company a market cap of $6B. This week, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 0.2%. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
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Deckers Outdoor Corp. (DECK) shares closed today at 1.7% above its 52 week low of $223.02, giving the company a market cap of $6B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags 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 , lags 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 , lags 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 30.1% The company's stock price performance over the past 12 months lags the peer average by 13.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -15.9% lower 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 1.7% above its 52 week low of $223.02, giving the company a market cap of $6B. This week, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 0.2%. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
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af33be63-a47a-4112-8898-58e2f2f32f4c
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724041.0
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2022-05-17 00:00:00 UTC
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Peek Under The Hood: DSI Has 30% Upside
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DECK
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https://www.nasdaq.com/articles/peek-under-the-hood%3A-dsi-has-30-upside
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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 MSCI KLD 400 Social ETF (Symbol: DSI), we found that the implied analyst target price for the ETF based upon its underlying holdings is $98.71 per unit.
With DSI trading at a recent price near $75.96 per unit, that means that analysts see 29.95% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of DSI's underlying holdings with notable upside to their analyst target prices are Schnitzer Steel Industries Inc (Symbol: SCHN), Deckers Outdoor Corp. (Symbol: DECK), and Deluxe Corp (Symbol: DLX). Although SCHN has traded at a recent price of $37.43/share, the average analyst target is 104.38% higher at $76.50/share. Similarly, DECK has 82.61% upside from the recent share price of $239.00 if the average analyst target price of $436.44/share is reached, and analysts on average are expecting DLX to reach a target price of $42.00/share, which is 72.56% above the recent price of $24.34. Below is a twelve month price history chart comparing the stock performance of SCHN, DECK, and DLX:
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 MSCI KLD 400 Social ETF DSI $75.96 $98.71 29.95%
Schnitzer Steel Industries Inc SCHN $37.43 $76.50 104.38%
Deckers Outdoor Corp. DECK $239.00 $436.44 82.61%
Deluxe Corp DLX $24.34 $42.00 72.56%
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 »
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 MSCI KLD 400 Social ETF DSI $75.96 $98.71 29.95% Schnitzer Steel Industries Inc SCHN $37.43 $76.50 104.38% Deckers Outdoor Corp. DECK $239.00 $436.44 82.61% Deluxe Corp DLX $24.34 $42.00 72.56% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of DSI's underlying holdings with notable upside to their analyst target prices are Schnitzer Steel Industries Inc (Symbol: SCHN), Deckers Outdoor Corp. (Symbol: DECK), and Deluxe Corp (Symbol: DLX). Similarly, DECK has 82.61% upside from the recent share price of $239.00 if the average analyst target price of $436.44/share is reached, and analysts on average are expecting DLX to reach a target price of $42.00/share, which is 72.56% above the recent price of $24.34.
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Three of DSI's underlying holdings with notable upside to their analyst target prices are Schnitzer Steel Industries Inc (Symbol: SCHN), Deckers Outdoor Corp. (Symbol: DECK), and Deluxe Corp (Symbol: DLX). Similarly, DECK has 82.61% upside from the recent share price of $239.00 if the average analyst target price of $436.44/share is reached, and analysts on average are expecting DLX to reach a target price of $42.00/share, which is 72.56% above the recent price of $24.34. iShares MSCI KLD 400 Social ETF DSI $75.96 $98.71 29.95% Schnitzer Steel Industries Inc SCHN $37.43 $76.50 104.38% Deckers Outdoor Corp. DECK $239.00 $436.44 82.61% Deluxe Corp DLX $24.34 $42.00 72.56% 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, DECK has 82.61% upside from the recent share price of $239.00 if the average analyst target price of $436.44/share is reached, and analysts on average are expecting DLX to reach a target price of $42.00/share, which is 72.56% above the recent price of $24.34. Three of DSI's underlying holdings with notable upside to their analyst target prices are Schnitzer Steel Industries Inc (Symbol: SCHN), Deckers Outdoor Corp. (Symbol: DECK), and Deluxe Corp (Symbol: DLX). Below is a twelve month price history chart comparing the stock performance of SCHN, DECK, and DLX: Below is a summary table of the current analyst target prices discussed above:
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iShares MSCI KLD 400 Social ETF DSI $75.96 $98.71 29.95% Schnitzer Steel Industries Inc SCHN $37.43 $76.50 104.38% Deckers Outdoor Corp. DECK $239.00 $436.44 82.61% Deluxe Corp DLX $24.34 $42.00 72.56% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of DSI's underlying holdings with notable upside to their analyst target prices are Schnitzer Steel Industries Inc (Symbol: SCHN), Deckers Outdoor Corp. (Symbol: DECK), and Deluxe Corp (Symbol: DLX). Similarly, DECK has 82.61% upside from the recent share price of $239.00 if the average analyst target price of $436.44/share is reached, and analysts on average are expecting DLX to reach a target price of $42.00/share, which is 72.56% above the recent price of $24.34.
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5cfdbb6a-f4c6-4c81-ba56-44a0a84db2d1
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724042.0
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2022-05-16 00:00:00 UTC
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IPower Inc. (IPW) Surpasses Q3 Earnings and Revenue Estimates
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DECK
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https://www.nasdaq.com/articles/ipower-inc.-ipw-surpasses-q3-earnings-and-revenue-estimates
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nan
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nan
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IPower Inc. (IPW) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this company would post earnings of $0.03 per share when it actually produced earnings of $0.03, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
iPower Inc., which belongs to the Zacks Consumer Products - Discretionary industry, posted revenues of $22.81 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 28.14%. This compares to year-ago revenues of $13.13 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
IPower Inc. Shares have lost about 52.9% since the beginning of the year versus the S&P 500's decline of -15.6%.
What's Next for iPower Inc.
While iPower Inc. 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 iPower Inc. 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 $0.04 on $19.4 million in revenues for the coming quarter and $0.13 on $71.7 million 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, Consumer Products - Discretionary is currently in the bottom 22% 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 broader Zacks Consumer Discretionary sector, Deckers (DECK), is yet to report results for the quarter ended March 2022. The results are expected to be released on May 19.
This maker of Ugg footwear is expected to post quarterly earnings of $1.35 per share in its upcoming report, which represents a year-over-year change of +14.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Deckers' revenues are expected to be $644.19 million, up 14.8% from the year-ago quarter.
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
iPower Inc. (IPW): 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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One other stock from the broader Zacks Consumer Discretionary sector, Deckers (DECK), is yet to report results for the quarter ended March 2022. Deckers' revenues are expected to be $644.19 million, up 14.8% from the year-ago quarter. Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
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One other stock from the broader Zacks Consumer Discretionary sector, Deckers (DECK), is yet to report results for the quarter ended March 2022. Deckers' revenues are expected to be $644.19 million, up 14.8% from the year-ago quarter. Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
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One other stock from the broader Zacks Consumer Discretionary sector, Deckers (DECK), is yet to report results for the quarter ended March 2022. Deckers' revenues are expected to be $644.19 million, up 14.8% from the year-ago quarter. Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
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One other stock from the broader Zacks Consumer Discretionary sector, Deckers (DECK), is yet to report results for the quarter ended March 2022. Deckers' revenues are expected to be $644.19 million, up 14.8% from the year-ago quarter. Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
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27b6cb64-f7ad-4803-aadc-7d680052bae0
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724043.0
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2022-05-16 00:00:00 UTC
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Deckers (DECK) to Report Q4 Earnings: What's in the Cards?
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DECK
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https://www.nasdaq.com/articles/deckers-deck-to-report-q4-earnings%3A-whats-in-the-cards
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nan
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nan
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Deckers Outdoor Corporation DECK is likely to register an increase in the top line from the last fiscal year’s quarterly reading when it reports fourth-quarter fiscal 2022 earnings on May 19, after the market closes. The Zacks Consensus Estimate for revenues is pegged at $644.2 million, indicating an improvement of 14.8% from the prior fiscal year’s quarterly reported figure.
The bottom line of this designer, marketer and distributor of footwear, apparel and accessories is expected to rise from the earlier fiscal year’s quarterly tally. Although the Zacks Consensus Estimate for earnings per share in the fiscal fourth quarter has been stable at $1.35 over the past 30 days, the same suggests growth of 14.4% from the last fiscal year’s quarterly level.
For fiscal 2022, the consensus mark for revenues is pegged at $2.96 billion, indicating an improvement of 16.1% from the prior fiscal year’s reported figure. The Zacks Consensus Estimate for the full-fiscal earnings has been stable at $15.09 per share over the past 30 days, indicating growth of 12% from the last fiscal year’s actuals.
In the last reported quarter, this Goleta, CA-based player’s bottom line missed the Zacks Consensus Estimate by 0.8%.
Key Factors to Note
Deckers’ performance got the fiscal fourth quarter is likely to have benefited from the acceleration of omni-channel capabilities, and customer-centric product and marketing strategies. DECK’s focus on expanding brand assortments, introducing an innovative line of products and enhancing direct-to-consumer business contribution might have been tailwinds. Additional production lines in new geographical locations and strategic price increases of products might have supported the top line in the quarter under review.
Keeping pace with the changing trends, Deckers is constantly developing its e-commerce portal to capture incremental sales. DECK has been making substantial investments for a while to strengthen its online presence and enhance customers’ shopping experience. Management is focused on ramping up inventory in response to supply-chain bottlenecks, optimizing channel mix to fulfill consumer demand and scaling production to support brand growth.
On its lastearnings call Deckers envisioned fiscal 2022 net sales of $3.03-$3.06 billion, suggesting a sharp increase of 19-20% from fiscal 2021’s reported figure. It anticipated earnings of $14.50-$15.15 per share for the full fiscal, up from $13.47 reported last fiscal year.
While the aforementioned factors raise optimism, we cannot rule out the supply-chain headwinds and cost pressures with respect to the container shortages, port congestion and trucking scarcity that might have caused shipping delays and greater usage of air freight.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Deckers this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Deckers Outdoor Corporation Price and EPS Surprise
Deckers Outdoor Corporation price-eps-surprise | Deckers Outdoor Corporation Quote
Although Deckers currently has a Zacks Rank #3, its Earnings ESP of 0.00% in the combination makes surprise prediction difficult.
Stocks Poised to Beat Earnings Estimates
Here are some companies worth considering as our model shows that these have the right combination of elements to beat on earnings this season:
Costco COST has an Earnings ESP of +1.90% and a Zacks Rank #2, currently. COST is likely to register an increase in the bottom line from the last fiscal year’s quarterly level when it reports third-quarter fiscal 2022 results. The Zacks Consensus Estimate for quarterly earnings has increased two cents to $3.04 per share in the past 30 days, indicating an improvement of 10.6% from the earlier fiscal year’s quarterly tally. You can see the complete list of today’s Zacks #1 Rank stocks here.
Costco’s top line is expected to rise from the prior fiscal year’s quarterly reported figure. The Zacks Consensus Estimate for quarterly revenues is pegged at $51.8 billion, which suggests an increase of 14.3% from the number reported in the prior fiscal year’s quarter. COST delivered an earnings beat of 13.3%, on average, in the trailing four quarters.
PVH Corp. PVH has an Earnings ESP of +2.32% and a Zacks Rank of 3, currently. PVH is likely to register an increase in the top line from the last fiscal year’s quarterly reported figure when it reports first-quarter fiscal 2022 results. The Zacks Consensus Estimate for quarterly revenues is pegged at $2.11 billion, which suggests a rise of 1.9% from the figure reported in the prior fiscal year’s quarter.
PVH Corp.’s bottom line is expected to decline from the prior fiscal year’s quarterly reported figure. The Zacks Consensus Estimate for quarterly earnings has been stable at $1.58 per share in the past 30 days, indicating a plunge from $1.92 registered in the last fiscal year’s quarter. PVH delivered an earnings beat of 83.8%, on average, in the trailing four quarters.
lululemon athletica LULU currently has an Earnings ESP of +0.28% and a Zacks Rank of 3. LULU is likely to register an increase in the bottom line from the prior fiscal year’s quarterly reported figure when it reports first-quarter fiscal 2022 results. The Zacks Consensus Estimate for quarterly earnings has moved 8.5% north to $1.40 per share, suggesting 20.7% growth from the prior fiscal year’s quarterly reported number.
lululemon athletica’s top line is expected to rise from the prior fiscal year’s quarterly reported number. The Zacks Consensus Estimate for quarterly revenues is pegged at $1.54 billion, which suggests a rise of 25.7% from the figure reported in the prior fiscal year’s quarter. LULU delivered an earnings beat of 20.9%, on average, in the trailing four quarters.
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
lululemon athletica inc. (LULU): 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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Key Factors to Note Deckers’ performance got the fiscal fourth quarter is likely to have benefited from the acceleration of omni-channel capabilities, and customer-centric product and marketing strategies. Deckers Outdoor Corporation DECK is likely to register an increase in the top line from the last fiscal year’s quarterly reading when it reports fourth-quarter fiscal 2022 earnings on May 19, after the market closes. DECK’s focus on expanding brand assortments, introducing an innovative line of products and enhancing direct-to-consumer business contribution might have been tailwinds.
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Deckers Outdoor Corporation Price and EPS Surprise Deckers Outdoor Corporation price-eps-surprise | Deckers Outdoor Corporation Quote Although Deckers currently has a Zacks Rank #3, its Earnings ESP of 0.00% in the combination makes surprise prediction difficult. Deckers Outdoor Corporation DECK is likely to register an increase in the top line from the last fiscal year’s quarterly reading when it reports fourth-quarter fiscal 2022 earnings on May 19, after the market closes. Key Factors to Note Deckers’ performance got the fiscal fourth quarter is likely to have benefited from the acceleration of omni-channel capabilities, and customer-centric product and marketing strategies.
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Deckers Outdoor Corporation DECK is likely to register an increase in the top line from the last fiscal year’s quarterly reading when it reports fourth-quarter fiscal 2022 earnings on May 19, after the market closes. Key Factors to Note Deckers’ performance got the fiscal fourth quarter is likely to have benefited from the acceleration of omni-channel capabilities, and customer-centric product and marketing strategies. DECK’s focus on expanding brand assortments, introducing an innovative line of products and enhancing direct-to-consumer business contribution might have been tailwinds.
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Deckers Outdoor Corporation DECK is likely to register an increase in the top line from the last fiscal year’s quarterly reading when it reports fourth-quarter fiscal 2022 earnings on May 19, after the market closes. Key Factors to Note Deckers’ performance got the fiscal fourth quarter is likely to have benefited from the acceleration of omni-channel capabilities, and customer-centric product and marketing strategies. DECK’s focus on expanding brand assortments, introducing an innovative line of products and enhancing direct-to-consumer business contribution might have been tailwinds.
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71827800-f550-4bfd-9ca6-87ba44a78ace
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724044.0
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2022-05-03 00:00:00 UTC
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Rocky Brands (RCKY) Q1 Earnings and Revenues Surpass Estimates
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DECK
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https://www.nasdaq.com/articles/rocky-brands-rcky-q1-earnings-and-revenues-surpass-estimates
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nan
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nan
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Rocky Brands (RCKY) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 17.02%. A quarter ago, it was expected that this footwear company would post earnings of $1.10 per share when it actually produced earnings of $1.86, delivering a surprise of 69.09%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Rocky Brands, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $167.03 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 21.54%. This compares to year-ago revenues of $87.67 million. The company has topped consensus revenue estimates two 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.
Rocky Brands shares have lost about 1.6% since the beginning of the year versus the S&P 500's decline of -12.8%.
What's Next for Rocky Brands?
While Rocky Brands 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 Rocky Brands: 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 $0.65 on $131.76 million in revenues for the coming quarter and $5.33 on $603.37 million 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 39% 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, Deckers (DECK), is yet to report results for the quarter ended March 2022.
This maker of Ugg footwear is expected to post quarterly earnings of $1.35 per share in its upcoming report, which represents a year-over-year change of +14.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Deckers' revenues are expected to be $644.19 million, up 14.8% from the year-ago quarter.
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.
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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
Rocky Brands, Inc. (RCKY): 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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One other stock from the same industry, Deckers (DECK), is yet to report results for the quarter ended March 2022. Deckers' revenues are expected to be $644.19 million, up 14.8% from the year-ago quarter. Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
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One other stock from the same industry, Deckers (DECK), is yet to report results for the quarter ended March 2022. Deckers' revenues are expected to be $644.19 million, up 14.8% from the year-ago quarter. Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
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One other stock from the same industry, Deckers (DECK), is yet to report results for the quarter ended March 2022. Deckers' revenues are expected to be $644.19 million, up 14.8% from the year-ago quarter. Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
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One other stock from the same industry, Deckers (DECK), is yet to report results for the quarter ended March 2022. Deckers' revenues are expected to be $644.19 million, up 14.8% from the year-ago quarter. Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
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4153f5a2-494e-4fcb-9f23-1e5eb2b8822c
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724045.0
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2022-03-17 00:00:00 UTC
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Here's Why Deckers (DECK) is a Strong Growth Stock
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DECK
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https://www.nasdaq.com/articles/heres-why-deckers-deck-is-a-strong-growth-stock
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nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is 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 trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing 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.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
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 B.
Additionally, the company could be a top pick for growth investors. DECK has a Growth Style Score of A, forecasting year-over-year earnings growth of 12% for the current fiscal year.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2022, while the Zacks Consensus Estimate has increased $0.01 to $15.09 per share. DECK also boasts an average earnings surprise of 1119.7%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, DECK should be on investors' short list.
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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.
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 B. Additionally, the company could be a top pick for growth investors. DECK has a Growth Style Score of A, forecasting year-over-year earnings growth of 12% for the current fiscal year.
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report 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 B. Additionally, the company could be a top pick for growth investors.
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Stock to Watch: Deckers (DECK) Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. DECK is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. DECK has a Growth Style Score of A, forecasting year-over-year earnings growth of 12% for the current fiscal year.
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DECK has a Growth Style Score of A, forecasting year-over-year earnings growth of 12% for the current fiscal year. 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 B. Additionally, the company could be a top pick for growth investors.
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88ea3d8e-918d-4c50-b1dd-64e656384d54
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724046.0
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2022-03-14 00:00:00 UTC
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Analysts Predict 21% Gains Ahead For The Holdings of HSMV
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DECK
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https://www.nasdaq.com/articles/analysts-predict-21-gains-ahead-for-the-holdings-of-hsmv
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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 First Trust Horizon Managed Volatility Small/Mid ETF (Symbol: HSMV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $38.56 per unit.
With HSMV trading at a recent price near $31.91 per unit, that means that analysts see 20.86% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of HSMV's underlying holdings with notable upside to their analyst target prices are Deckers Outdoor Corp. (Symbol: DECK), Sabra Health Care REIT Inc (Symbol: SBRA), and Five Below Inc (Symbol: FIVE). Although DECK has traded at a recent price of $257.41/share, the average analyst target is 69.55% higher at $436.44/share. Similarly, SBRA has 63.00% upside from the recent share price of $13.94 if the average analyst target price of $22.72/share is reached, and analysts on average are expecting FIVE to reach a target price of $237.71/share, which is 54.94% above the recent price of $153.42. Below is a twelve month price history chart comparing the stock performance of DECK, SBRA, and FIVE:
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
First Trust Horizon Managed Volatility Small/Mid ETF HSMV $31.91 $38.56 20.86%
Deckers Outdoor Corp. DECK $257.41 $436.44 69.55%
Sabra Health Care REIT Inc SBRA $13.94 $22.72 63.00%
Five Below Inc FIVE $153.42 $237.71 54.94%
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 »
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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Although DECK has traded at a recent price of $257.41/share, the average analyst target is 69.55% higher at $436.44/share. First Trust Horizon Managed Volatility Small/Mid ETF HSMV $31.91 $38.56 20.86% Deckers Outdoor Corp. DECK $257.41 $436.44 69.55% Sabra Health Care REIT Inc SBRA $13.94 $22.72 63.00% Five Below Inc FIVE $153.42 $237.71 54.94% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of HSMV's underlying holdings with notable upside to their analyst target prices are Deckers Outdoor Corp. (Symbol: DECK), Sabra Health Care REIT Inc (Symbol: SBRA), and Five Below Inc (Symbol: FIVE).
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Three of HSMV's underlying holdings with notable upside to their analyst target prices are Deckers Outdoor Corp. (Symbol: DECK), Sabra Health Care REIT Inc (Symbol: SBRA), and Five Below Inc (Symbol: FIVE). First Trust Horizon Managed Volatility Small/Mid ETF HSMV $31.91 $38.56 20.86% Deckers Outdoor Corp. DECK $257.41 $436.44 69.55% Sabra Health Care REIT Inc SBRA $13.94 $22.72 63.00% Five Below Inc FIVE $153.42 $237.71 54.94% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although DECK has traded at a recent price of $257.41/share, the average analyst target is 69.55% higher at $436.44/share.
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Three of HSMV's underlying holdings with notable upside to their analyst target prices are Deckers Outdoor Corp. (Symbol: DECK), Sabra Health Care REIT Inc (Symbol: SBRA), and Five Below Inc (Symbol: FIVE). Although DECK has traded at a recent price of $257.41/share, the average analyst target is 69.55% higher at $436.44/share. Below is a twelve month price history chart comparing the stock performance of DECK, SBRA, and FIVE: Below is a summary table of the current analyst target prices discussed above:
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First Trust Horizon Managed Volatility Small/Mid ETF HSMV $31.91 $38.56 20.86% Deckers Outdoor Corp. DECK $257.41 $436.44 69.55% Sabra Health Care REIT Inc SBRA $13.94 $22.72 63.00% Five Below Inc FIVE $153.42 $237.71 54.94% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of HSMV's underlying holdings with notable upside to their analyst target prices are Deckers Outdoor Corp. (Symbol: DECK), Sabra Health Care REIT Inc (Symbol: SBRA), and Five Below Inc (Symbol: FIVE). Although DECK has traded at a recent price of $257.41/share, the average analyst target is 69.55% higher at $436.44/share.
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3af289e5-f30a-4823-ab67-1290b43fb238
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724047.0
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2022-03-11 00:00:00 UTC
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A Smart Value Stock to Buy Right Now
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DECK
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https://www.nasdaq.com/articles/a-smart-value-stock-to-buy-right-now
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nan
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nan
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Value investing is a simple concept that involves seeking out companies you believe are selling for less than their fair value. Popularized by famed investor Warren Buffett, this strategy requires patience, discipline, and a willingness to sometimes sacrifice fast growth in favor of finding a good bargain.
In the case of Crocs (NASDAQ: CROX), the burgeoning footwear brand, investors don't have to give up on quality in order to find value. The stock has returned almost 1,000% over the past five years but is still too cheap to ignore.
Image source: Getty Images.
Crocs posted a record 2021
While Crocs trades at a ridiculously cheap valuation right now, which I'll discuss below, the quality of the business deserves a lot of attention. Record revenue of $2.3 billion in 2021 was 67% higher than the prior year. And diluted earnings per share soared 150% year over year.
These results aren't a one-time occurrence, either. From 2018 through 2021, Crocs more than doubled sales. At the same time, profit jumped more than 14-fold.
The business had a top-notch gross margin of 61.4% in 2021 along with an operating margin of 29.5% during the 12-month period. Outstanding profitability like this has allowed management to repurchase a whopping $1 billion of stock in 2021, a generous capital-allocation plan.
The company has been a surprise winner during the pandemic. With people spending more time at home, consumers increased their focus on affordability and comfort, both categories that Crocs excels in delivering. However, even as workers return to offices and people's lives start getting back to normal, Crocs' business isn't slowing down. This bodes well for the future
In fact, on the Q4 earnings call, management reiterated Crocs' long-term outlook. Annual sales in 2026 of $6 billion, which includes the acquisition of casual-footwear brand HeyDude, as well as yearly free cash flow (FCF) of at least $1 billion, are jaw-dropping financial targets that really stand out. Based on these metrics, the company currently sells for less than one times 2026 revenue and roughly four times 2026 free cash flow. That's absolutely bonkers.
Like many Western consumer brands, Crocs will rely heavily on Asia -- and particularly China, the world's second biggest footwear market -- to spur growth in the years ahead. And boosting sales of sandals fourfold by 2026 will be a primary objective.
Furthermore, continuing to utilize a marketing strategy centered on high-visibility collaborations and partnerships -- like the ones with Justin Bieber, Bad Bunny, or Balenciaga -- as well as a targeted digital-ad campaign, will definitely keep the Crocs' brand on consumers' minds.
Crocs' shares are a bargain
For a business that's firing on all cylinders today, you'd assume that the stock trades for a steep multiple. This couldn't be further from the truth. On a price-to-earnings basis, Crocs sells at a discount to competitors Nike, Under Armour, Skechers, and Deckers Outdoor.
The major sell-off in recent months that has hammered expensive growth stocks has also negatively impacted Crocs. Shares are down an incredible 60% since mid-November. This clearly makes no sense given the remarkable fourth quarter that Crocs recently reported. Revenue and operating income were up 43% and 148%, respectively, in Q4, compared to the prior-year period.
What's more, at Crocs' all-time high price of $180.57 on Nov. 12, the stock still only traded at a price-to-earnings ratio of 16. An already cheap stock has gotten cheaper.
For such a fast-growing business with a strong and relevant brand that possesses outstanding financials, Crocs' shares look like a huge bargain today. Value-conscious investors should take advantage of this rare buying opportunity.
10 stocks we like better than Crocs
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*Stock Advisor returns as of March 3, 2022
Neil Patel has no position in any of the stocks mentioned. The Motley Fool owns and recommends Nike and Under Armour (C Shares). The Motley Fool recommends Skechers and Under Armour (A Shares). 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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On a price-to-earnings basis, Crocs sells at a discount to competitors Nike, Under Armour, Skechers, and Deckers Outdoor. Popularized by famed investor Warren Buffett, this strategy requires patience, discipline, and a willingness to sometimes sacrifice fast growth in favor of finding a good bargain. Like many Western consumer brands, Crocs will rely heavily on Asia -- and particularly China, the world's second biggest footwear market -- to spur growth in the years ahead.
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On a price-to-earnings basis, Crocs sells at a discount to competitors Nike, Under Armour, Skechers, and Deckers Outdoor. Annual sales in 2026 of $6 billion, which includes the acquisition of casual-footwear brand HeyDude, as well as yearly free cash flow (FCF) of at least $1 billion, are jaw-dropping financial targets that really stand out. Based on these metrics, the company currently sells for less than one times 2026 revenue and roughly four times 2026 free cash flow.
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On a price-to-earnings basis, Crocs sells at a discount to competitors Nike, Under Armour, Skechers, and Deckers Outdoor. Crocs' shares are a bargain For a business that's firing on all cylinders today, you'd assume that the stock trades for a steep multiple. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Crocs wasn't one of them!
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On a price-to-earnings basis, Crocs sells at a discount to competitors Nike, Under Armour, Skechers, and Deckers Outdoor. And diluted earnings per share soared 150% year over year. Based on these metrics, the company currently sells for less than one times 2026 revenue and roughly four times 2026 free cash flow.
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6460c634-f111-4021-a2a7-d66bd3065d22
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724048.0
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2022-03-02 00:00:00 UTC
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Is iShares MSCI USA SmallCap Multifactor ETF (SMLF) a Strong ETF Right Now?
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DECK
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https://www.nasdaq.com/articles/is-ishares-msci-usa-smallcap-multifactor-etf-smlf-a-strong-etf-right-now-0
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Launched on 04/28/2015, the iShares MSCI USA SmallCap Multifactor ETF (SMLF) is a smart beta exchange traded fund offering broad exposure to the Style Box - Small Cap Blend category of the market.
What Are Smart Beta ETFs?
Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy.
A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.
However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta.
Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance.
Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results.
Fund Sponsor & Index
The fund is managed by Blackrock, and has been able to amass over $996.47 million, which makes it one of the larger ETFs in the Style Box - Small Cap Blend. Before fees and expenses, this particular fund seeks to match the performance of the MSCI USA Small Cap Diversified Multiple-Factor Index.
The MSCI USA Small Cap Diversified Multiple-Factor Index is designed to select equity securities from MSCI USA Small Cap Index that have high exposure to four investment style factors: value, quality, momentum and low size.
Cost & Other Expenses
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive cousins if all other fundamentals are the same.
Annual operating expenses for this ETF are 0.30%, making it on par with most peer products in the space.
It's 12-month trailing dividend yield comes in at 1.15%.
Sector Exposure and Top Holdings
Most ETFs are very transparent products, and disclose their holdings on a daily basis. ETFs also offer diversified exposure, which minimizes single stock risk, though it's still important for investors to research a fund's holdings.
For SMLF, it has heaviest allocation in the Healthcare sector --about 19.10% of the portfolio --while Information Technology and Consumer Discretionary round out the top three.
When you look at individual holdings, Williams Sonoma Inc (WSM) accounts for about 1.31% of the fund's total assets, followed by Deckers Outdoor Corp (DECK) and Quanta Services Inc (PWR).
Its top 10 holdings account for approximately 6.48% of SMLF's total assets under management.
Performance and Risk
So far this year, SMLF has lost about -7.23%, and is up about 4.67% in the last one year (as of 03/02/2022). During this past 52-week period, the fund has traded between $49.06 and $59.93.
The fund has a beta of 1.10 and standard deviation of 27.11% for the trailing three-year period, which makes SMLF a high risk choice in this particular space. With about 489 holdings, it effectively diversifies company-specific risk.
Alternatives
IShares MSCI USA SmallCap Multifactor ETF is a reasonable option for investors seeking to outperform the Style Box - Small Cap Blend segment of the market. However, there are other ETFs in the space which investors could consider.
IShares Russell 2000 ETF (IWM) tracks Russell 2000 Index and the iShares Core S&P SmallCap ETF (IJR) tracks S&P SmallCap 600 Index. IShares Russell 2000 ETF has $60.61 billion in assets, iShares Core S&P SmallCap ETF has $69.63 billion. IWM has an expense ratio of 0.19% and IJR charges 0.06%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Blend.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it 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
iShares MSCI USA SmallCap Multifactor ETF (SMLF): ETF Research Reports
Quanta Services, Inc. (PWR): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
WilliamsSonoma, Inc. (WSM): Free Stock Analysis Report
iShares Russell 2000 ETF (IWM): ETF Research Reports
iShares Core S&P SmallCap ETF (IJR): ETF Research Reports
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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When you look at individual holdings, Williams Sonoma Inc (WSM) accounts for about 1.31% of the fund's total assets, followed by Deckers Outdoor Corp (DECK) and Quanta Services Inc (PWR). Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Launched on 04/28/2015, the iShares MSCI USA SmallCap Multifactor ETF (SMLF) is a smart beta exchange traded fund offering broad exposure to the Style Box - Small Cap Blend category of the market.
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When you look at individual holdings, Williams Sonoma Inc (WSM) accounts for about 1.31% of the fund's total assets, followed by Deckers Outdoor Corp (DECK) and Quanta Services Inc (PWR). Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Launched on 04/28/2015, the iShares MSCI USA SmallCap Multifactor ETF (SMLF) is a smart beta exchange traded fund offering broad exposure to the Style Box - Small Cap Blend category of the market.
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When you look at individual holdings, Williams Sonoma Inc (WSM) accounts for about 1.31% of the fund's total assets, followed by Deckers Outdoor Corp (DECK) and Quanta Services Inc (PWR). Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Launched on 04/28/2015, the iShares MSCI USA SmallCap Multifactor ETF (SMLF) is a smart beta exchange traded fund offering broad exposure to the Style Box - Small Cap Blend category of the market.
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When you look at individual holdings, Williams Sonoma Inc (WSM) accounts for about 1.31% of the fund's total assets, followed by Deckers Outdoor Corp (DECK) and Quanta Services Inc (PWR). Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Launched on 04/28/2015, the iShares MSCI USA SmallCap Multifactor ETF (SMLF) is a smart beta exchange traded fund offering broad exposure to the Style Box - Small Cap Blend category of the market.
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724049.0
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2022-02-14 00:00:00 UTC
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Should iShares MSCI USA SmallCap Multifactor ETF (SMLF) Be on Your Investing Radar?
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https://www.nasdaq.com/articles/should-ishares-msci-usa-smallcap-multifactor-etf-smlf-be-on-your-investing-radar-0
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Looking for broad exposure to the Small Cap Blend segment of the US equity market? You should consider the iShares MSCI USA SmallCap Multifactor ETF (SMLF), a passively managed exchange traded fund launched on 04/28/2015.
The fund is sponsored by Blackrock. It has amassed assets over $993.90 million, making it one of the larger ETFs attempting to match the Small Cap Blend segment of the US equity market.
Why Small Cap Blend
Sitting at a market capitalization below $2 billion, small cap companies tend to be high-potential stocks compared to its large and mid cap counterparts, but come with higher risk.
Blend ETFs usually hold a mix of growth and value stocks as well as stocks that exhibit both value and growth characteristics.
Costs
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.
Annual operating expenses for this ETF are 0.30%, putting it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 1.14%.
Sector Exposure and Top Holdings
It is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Healthcare sector--about 19.10% of the portfolio. Information Technology and Consumer Discretionary round out the top three.
Looking at individual holdings, Williams Sonoma Inc (WSM) accounts for about 1.31% of total assets, followed by Deckers Outdoor Corp (DECK) and Quanta Services Inc (PWR).
The top 10 holdings account for about 6.48% of total assets under management.
Performance and Risk
SMLF seeks to match the performance of the MSCI USA Small Cap Diversified Multiple-Factor Index before fees and expenses. The MSCI USA Small Cap Diversified Multiple-Factor Index is designed to select equity securities from MSCI USA Small Cap Index that have high exposure to four investment style factors: value, quality, momentum and low size.
The ETF has lost about -6.47% so far this year and was up about 4.44% in the last one year (as of 02/14/2022). In the past 52-week period, it has traded between $49.06 and $59.93.
The ETF has a beta of 1.12 and standard deviation of 26.96% for the trailing three-year period, making it a high risk choice in the space. With about 489 holdings, it effectively diversifies company-specific risk.
Alternatives
IShares MSCI USA SmallCap Multifactor ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, SMLF is a reasonable option for those seeking exposure to the Style Box - Small Cap Blend area of the market. Investors might also want to consider some other ETF options in the space.
The iShares Russell 2000 ETF (IWM) and the iShares Core S&P SmallCap ETF (IJR) track a similar index. While iShares Russell 2000 ETF has $58.81 billion in assets, iShares Core S&P SmallCap ETF has $70.27 billion. IWM has an expense ratio of 0.19% and IJR charges 0.06%.
Bottom-Line
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it 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
iShares MSCI USA SmallCap Multifactor ETF (SMLF): ETF Research Reports
Quanta Services, Inc. (PWR): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
WilliamsSonoma, Inc. (WSM): Free Stock Analysis Report
iShares Russell 2000 ETF (IWM): ETF Research Reports
iShares Core S&P SmallCap ETF (IJR): ETF Research Reports
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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Looking at individual holdings, Williams Sonoma Inc (WSM) accounts for about 1.31% of total assets, followed by Deckers Outdoor Corp (DECK) and Quanta Services Inc (PWR). Deckers Outdoor Corporation (DECK): Free Stock Analysis Report It has amassed assets over $993.90 million, making it one of the larger ETFs attempting to match the Small Cap Blend segment of the US equity market.
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Looking at individual holdings, Williams Sonoma Inc (WSM) accounts for about 1.31% of total assets, followed by Deckers Outdoor Corp (DECK) and Quanta Services Inc (PWR). Deckers Outdoor Corporation (DECK): Free Stock Analysis Report You should consider the iShares MSCI USA SmallCap Multifactor ETF (SMLF), a passively managed exchange traded fund launched on 04/28/2015.
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Looking at individual holdings, Williams Sonoma Inc (WSM) accounts for about 1.31% of total assets, followed by Deckers Outdoor Corp (DECK) and Quanta Services Inc (PWR). Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Alternatives IShares MSCI USA SmallCap Multifactor ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors.
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Looking at individual holdings, Williams Sonoma Inc (WSM) accounts for about 1.31% of total assets, followed by Deckers Outdoor Corp (DECK) and Quanta Services Inc (PWR). Deckers Outdoor Corporation (DECK): Free Stock Analysis Report You should consider the iShares MSCI USA SmallCap Multifactor ETF (SMLF), a passively managed exchange traded fund launched on 04/28/2015.
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9a736c31-3cd5-4b6f-9015-272cc114427f
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724050.0
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2022-02-09 00:00:00 UTC
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Analysts See 22% Gains Ahead For The Holdings of IJH
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DECK
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https://www.nasdaq.com/articles/analysts-see-22-gains-ahead-for-the-holdings-of-ijh
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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 Core S&P Mid-Cap ETF (Symbol: IJH), we found that the implied analyst target price for the ETF based upon its underlying holdings is $325.87 per unit.
With IJH trading at a recent price near $266.49 per unit, that means that analysts see 22.28% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IJH's underlying holdings with notable upside to their analyst target prices are IAA Inc (Symbol: IAA), Acadia Healthcare Company Inc. (Symbol: ACHC), and Deckers Outdoor Corp. (Symbol: DECK). Although IAA has traded at a recent price of $44.97/share, the average analyst target is 55.84% higher at $70.08/share. Similarly, ACHC has 50.44% upside from the recent share price of $51.70 if the average analyst target price of $77.78/share is reached, and analysts on average are expecting DECK to reach a target price of $445.00/share, which is 48.27% above the recent price of $300.13. Below is a twelve month price history chart comparing the stock performance of IAA, ACHC, 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 Core S&P Mid-Cap ETF IJH $266.49 $325.87 22.28%
IAA Inc IAA $44.97 $70.08 55.84%
Acadia Healthcare Company Inc. ACHC $51.70 $77.78 50.44%
Deckers Outdoor Corp. DECK $300.13 $445.00 48.27%
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 »
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 Core S&P Mid-Cap ETF IJH $266.49 $325.87 22.28% IAA Inc IAA $44.97 $70.08 55.84% Acadia Healthcare Company Inc. ACHC $51.70 $77.78 50.44% Deckers Outdoor Corp. DECK $300.13 $445.00 48.27% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IJH's underlying holdings with notable upside to their analyst target prices are IAA Inc (Symbol: IAA), Acadia Healthcare Company Inc. (Symbol: ACHC), and Deckers Outdoor Corp. (Symbol: DECK). Similarly, ACHC has 50.44% upside from the recent share price of $51.70 if the average analyst target price of $77.78/share is reached, and analysts on average are expecting DECK to reach a target price of $445.00/share, which is 48.27% above the recent price of $300.13.
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Three of IJH's underlying holdings with notable upside to their analyst target prices are IAA Inc (Symbol: IAA), Acadia Healthcare Company Inc. (Symbol: ACHC), and Deckers Outdoor Corp. (Symbol: DECK). Similarly, ACHC has 50.44% upside from the recent share price of $51.70 if the average analyst target price of $77.78/share is reached, and analysts on average are expecting DECK to reach a target price of $445.00/share, which is 48.27% above the recent price of $300.13. iShares Core S&P Mid-Cap ETF IJH $266.49 $325.87 22.28% IAA Inc IAA $44.97 $70.08 55.84% Acadia Healthcare Company Inc. ACHC $51.70 $77.78 50.44% Deckers Outdoor Corp. DECK $300.13 $445.00 48.27% 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, ACHC has 50.44% upside from the recent share price of $51.70 if the average analyst target price of $77.78/share is reached, and analysts on average are expecting DECK to reach a target price of $445.00/share, which is 48.27% above the recent price of $300.13. Three of IJH's underlying holdings with notable upside to their analyst target prices are IAA Inc (Symbol: IAA), Acadia Healthcare Company Inc. (Symbol: ACHC), and Deckers Outdoor Corp. (Symbol: DECK). Below is a twelve month price history chart comparing the stock performance of IAA, ACHC, and DECK: Below is a summary table of the current analyst target prices discussed above:
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iShares Core S&P Mid-Cap ETF IJH $266.49 $325.87 22.28% IAA Inc IAA $44.97 $70.08 55.84% Acadia Healthcare Company Inc. ACHC $51.70 $77.78 50.44% Deckers Outdoor Corp. DECK $300.13 $445.00 48.27% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IJH's underlying holdings with notable upside to their analyst target prices are IAA Inc (Symbol: IAA), Acadia Healthcare Company Inc. (Symbol: ACHC), and Deckers Outdoor Corp. (Symbol: DECK). Similarly, ACHC has 50.44% upside from the recent share price of $51.70 if the average analyst target price of $77.78/share is reached, and analysts on average are expecting DECK to reach a target price of $445.00/share, which is 48.27% above the recent price of $300.13.
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2022-02-04 00:00:00 UTC
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Deckers' (DECK) Q3 Earnings Beat, HOKA Brand Shows Strength
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DECK
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https://www.nasdaq.com/articles/deckers-deck-q3-earnings-beat-hoka-brand-shows-strength
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Deckers Outdoor Corporation DECK reported better-than-expected third-quarter fiscal 2022 results despite the ongoing supply chain challenges. Strength in HOKA ONE ONE and UGG brands as well as growth in direct-to-consumer and wholesale channels contributed to the company’s performance. While the top line grew year over year, the bottom line declined from the prior-year period.
Let’s Delve Deeper
Deckers posted quarterly earnings of $8.42 per share that comfortably surpassed the Zacks Consensus Estimate of $8.35. However, the reported figure decreased 6.3% from the year-ago earnings of $8.99 per share. Higher SG&A expenses and margin contraction hurt the bottom-line results.
Net sales of this Goleta, CA-based company rose 10.2% year over year to $1,187.8 million and marginally came ahead of the Zacks Consensus Estimate of $1,184.6 million. On a constant currency basis, net sales grew 9.7%. Top-line growth was driven by the UGG, HOKA ONE ONE and Teva brands.
We note that gross margin contracted 470 basis points to 52.3% during the quarter owing to higher freight costs on account of a steep rise in ocean container rates. SG&A expenses climbed 14.9% year over year to $327.8 million due to higher marketing costs and increased warehouse expenses.
The company posted an operating income of $293.4 million, down 10.7% from the year-ago quarter. Again, the operating margin shrunk 580 basis points to 24.7%.
Deckers Outdoor Corporation Price, Consensus and EPS Surprise
Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote
Sales by Geography & Channel
Deckers’ domestic net sales climbed 3.3% year over year to $796.1 million during the quarter under review. We note that international net sales advanced 27.5% to $391.6 million from the year-ago period.
By channel, wholesale net sales grew 7.3% to $598.4 million. Direct-to-consumer net sales increased 13.4% to $589.4 million. Comparable direct-to-consumer net sales advanced 10.7% over the same period last year.
Brand Wise Discussion
UGG brand net sales rose 7.9% year over year to $945.9 million, while HOKA ONE ONE brand net sales increased 30.3% to $184.6 million during the reported quarter, thanks to strength in the direct-to-consumer channel. Teva brand net sales surged 31.4% to $20.6 million.
Net sales for the Sanuk brand declined 13.4% to $6.1 million. Net sales for the Other brands, mainly comprising Koolaburra, fell 16.6% to $30.6 million.
Other Financial Aspects
Cash and cash equivalents stood at $998.3 million as of Dec 31, 2021, compared with $1.157 billion as of Dec 31, 2020. The company ended the quarter with total stockholders’ equity of $1,564.7 million. There were no outstanding borrowings.
During the quarter, the company repurchased about 354 thousand shares for $130.7 million. As of Dec 31, 2021, the company had $544 million remaining under its stock repurchase authorization.
A Sneak Peek into Outlook
Deckers now envisions fiscal 2022 net sales in the range of $3.03 billion to $3.06 billion compared with the earlier projection of $3.01-$3.06 billion. This suggests a sharp increase of 19-20% from $2.546 billion reported in fiscal 2021.
The company now expects fiscal 2022 earnings to be $14.50-$15.15 per share, compared with the prior view of $14.15-$15.15. The current estimate compares favorably with earnings of $13.47 per share reported last fiscal.
Gross margin is now anticipated to be at or marginally below 51.5%. SG&A expenses, as a percentage of sales, are projected to be about 34%, with operating margin is now expected to be about 17.5%.
Shares of this Zacks Rank #2 (Buy) company have risen 1.7% in the past year compared with the industry’s growth of 2.8%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Pick These 3 Stocks Too
Here are three more favorably ranked stocks — Wolverine World Wide WWW, Tapestry TPR and Costco COST.
Wolverine World Wide, one of the leading marketers and licensors of a branded casual, active lifestyle, work, outdoor sport, athletic, children's and uniform footwear and apparel, carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 18.3%, on average.
The Zacks Consensus Estimate for Wolverine World Wide’s current financial year sales and EPS suggests growth of 34.4% and 125.8%, respectively, from the year-ago period. WWW has an expected EPS growth rate of 10% for three-five years.
Tapestry, which provides luxury accessories and branded lifestyle products, carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 29%, on average.
The Zacks Consensus Estimate for Tapestry’s current financial year sales and EPS suggests growth of 15% and 18.5%, respectively, from the year-ago period. TPR has an expected EPS growth rate of 12.3% for three-five years.
Costco, which operates membership warehouses, carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 8.3%, on average.
The Zacks Consensus Estimate for Costco’s current financial year sales and EPS suggests growth of 11.6% and 14.3%, respectively, from the year-ago period. COST has an expected EPS growth rate of 8.8% for three-five years.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Costco Wholesale Corporation (COST): Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report
Tapestry, Inc. (TPR): 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 reported better-than-expected third-quarter fiscal 2022 results despite the ongoing supply chain challenges. Let’s Delve Deeper Deckers posted quarterly earnings of $8.42 per share that comfortably surpassed the Zacks Consensus Estimate of $8.35. Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote Sales by Geography & Channel Deckers’ domestic net sales climbed 3.3% year over year to $796.1 million during the quarter under review.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote Sales by Geography & Channel Deckers’ domestic net sales climbed 3.3% year over year to $796.1 million during the quarter under review. Deckers Outdoor Corporation DECK reported better-than-expected third-quarter fiscal 2022 results despite the ongoing supply chain challenges. Let’s Delve Deeper Deckers posted quarterly earnings of $8.42 per share that comfortably surpassed the Zacks Consensus Estimate of $8.35.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote Sales by Geography & Channel Deckers’ domestic net sales climbed 3.3% year over year to $796.1 million during the quarter under review. Deckers Outdoor Corporation DECK reported better-than-expected third-quarter fiscal 2022 results despite the ongoing supply chain challenges. Let’s Delve Deeper Deckers posted quarterly earnings of $8.42 per share that comfortably surpassed the Zacks Consensus Estimate of $8.35.
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Deckers Outdoor Corporation DECK reported better-than-expected third-quarter fiscal 2022 results despite the ongoing supply chain challenges. Let’s Delve Deeper Deckers posted quarterly earnings of $8.42 per share that comfortably surpassed the Zacks Consensus Estimate of $8.35. Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote Sales by Geography & Channel Deckers’ domestic net sales climbed 3.3% year over year to $796.1 million during the quarter under review.
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6f1942f3-ce97-4b97-91ed-c36e74895b1d
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724052.0
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2022-02-03 00:00:00 UTC
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Deckers Outdoor Corp Bottom Line Retreats In Q3, but beats estimates
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-bottom-line-retreats-in-q3-but-beats-estimates
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nan
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nan
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(RTTNews) - Deckers Outdoor Corp (DECK) announced a profit for third quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $232.94 million, or $8.42 per share. This compares with $255.54 million, or $8.99 per share, in last year's third quarter.
Analysts on average had expected the company to earn $8.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 10.2% to $1.19 billion from $1.08 billion last year.
Deckers Outdoor Corp earnings at a glance (GAAP) :
-Earnings (Q3): $232.94 Mln. vs. $255.54 Mln. last year. -EPS (Q3): $8.42 vs. $8.99 last year. -Analyst Estimates: $8.19 -Revenue (Q3): $1.19 Bln vs. $1.08 Bln last year.
-Guidance: Full year EPS guidance: $14.50 - $15.15 Full year revenue guidance: $3.03 - $3.06 Bln
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deckers Outdoor Corp (DECK) announced a profit for third quarter that decreased from the same period last year but beat the Street estimates. Deckers Outdoor Corp earnings at a glance (GAAP) : -Earnings (Q3): $232.94 Mln. Analysts on average had expected the company to earn $8.19 per share, according to figures compiled by Thomson Reuters.
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Deckers Outdoor Corp earnings at a glance (GAAP) : -Earnings (Q3): $232.94 Mln. (RTTNews) - Deckers Outdoor Corp (DECK) announced a profit for third quarter that decreased from the same period last year but beat the Street estimates. -Analyst Estimates: $8.19 -Revenue (Q3): $1.19 Bln vs. $1.08 Bln last year.
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(RTTNews) - Deckers Outdoor Corp (DECK) announced a profit for third quarter that decreased from the same period last year but beat the Street estimates. Deckers Outdoor Corp earnings at a glance (GAAP) : -Earnings (Q3): $232.94 Mln. -Analyst Estimates: $8.19 -Revenue (Q3): $1.19 Bln vs. $1.08 Bln last year.
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Deckers Outdoor Corp earnings at a glance (GAAP) : -Earnings (Q3): $232.94 Mln. (RTTNews) - Deckers Outdoor Corp (DECK) announced a profit for third quarter that decreased from the same period last year but beat the Street estimates. This compares with $255.54 million, or $8.99 per share, in last year's third quarter.
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cf257bc3-b962-4f91-98d1-b1598ab82d29
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724053.0
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2022-02-03 00:00:00 UTC
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Deckers Brands Narrows FY22 Outlook To High-End
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DECK
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https://www.nasdaq.com/articles/deckers-brands-narrows-fy22-outlook-to-high-end
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nan
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nan
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(RTTNews) - While reporting its results for the third quarter on Thursday, Deckers Brands (DECK), narrowed its full-year 2022 guidance to the high end.
For the full year 2022, the company now expects earnings per share in the range of $14.50 to $15.15 and revenues of $3.03 billion to $3.06 billion.
Previously, the company expected full year earnings per share of $14.15 to $15.15 per share and revenues of $3.01 billion to $3.06 billion.
Analysts polled by Thomson Reuters currently expect earnings of $14.98 per share and revenues of $3.04 billion.
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) - While reporting its results for the third quarter on Thursday, Deckers Brands (DECK), narrowed its full-year 2022 guidance to the high end. Previously, the company expected full year earnings per share of $14.15 to $15.15 per share and revenues of $3.01 billion to $3.06 billion. Analysts polled by Thomson Reuters currently expect earnings of $14.98 per share and revenues of $3.04 billion.
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(RTTNews) - While reporting its results for the third quarter on Thursday, Deckers Brands (DECK), narrowed its full-year 2022 guidance to the high end. For the full year 2022, the company now expects earnings per share in the range of $14.50 to $15.15 and revenues of $3.03 billion to $3.06 billion. Previously, the company expected full year earnings per share of $14.15 to $15.15 per share and revenues of $3.01 billion to $3.06 billion.
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(RTTNews) - While reporting its results for the third quarter on Thursday, Deckers Brands (DECK), narrowed its full-year 2022 guidance to the high end. For the full year 2022, the company now expects earnings per share in the range of $14.50 to $15.15 and revenues of $3.03 billion to $3.06 billion. Previously, the company expected full year earnings per share of $14.15 to $15.15 per share and revenues of $3.01 billion to $3.06 billion.
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(RTTNews) - While reporting its results for the third quarter on Thursday, Deckers Brands (DECK), narrowed its full-year 2022 guidance to the high end. For the full year 2022, the company now expects earnings per share in the range of $14.50 to $15.15 and revenues of $3.03 billion to $3.06 billion. Previously, the company expected full year earnings per share of $14.15 to $15.15 per share and revenues of $3.01 billion to $3.06 billion.
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a684adf5-4e7d-485b-b665-d6dece805d8e
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724054.0
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2022-02-03 00:00:00 UTC
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Deckers Outdoor Q3 22 Earnings Conference Call At 4:30 PM ET
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-q3-22-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 February 3, 2022, to discuss Q3 22 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 February 3, 2022, to discuss Q3 22 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 February 3, 2022, to discuss Q3 22 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 February 3, 2022, to discuss Q3 22 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 February 3, 2022, to discuss Q3 22 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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1c945ed5-62e6-4b1e-bc60-cef2e60a3ca8
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724055.0
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2022-02-03 00:00:00 UTC
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Deckers (DECK) Tops Q3 Earnings and Revenue Estimates
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DECK
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https://www.nasdaq.com/articles/deckers-deck-tops-q3-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 $8.42 per share, beating the Zacks Consensus Estimate of $8.35 per share. This compares to earnings of $8.99 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 0.84%. A quarter ago, it was expected that this maker of Ugg footwear would post earnings of $3.68 per share when it actually produced earnings of $3.66, delivering a surprise of -0.54%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $1.19 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.26%. This compares to year-ago revenues of $1.08 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Deckers shares have lost about 9.8% since the beginning of the year versus the S&P 500's decline of -3.7%.
What's Next for Deckers?
While Deckers 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 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 $1.48 on $641.66 million in revenues for the coming quarter and $15.09 on $3.05 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 17% 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, Steven Madden (SHOO), is yet to report results for the quarter ended December 2021.
This footwear and accessories retailer is expected to post quarterly earnings of $0.73 per share in its upcoming report, which represents a year-over-year change of +170.4%. The consensus EPS estimate for the quarter has been revised 3.3% higher over the last 30 days to the current level.
Steven Madden's revenues are expected to be $526.52 million, up 49.2% from the year-ago quarter.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.
See Stocks 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
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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Deckers (DECK) came out with quarterly earnings of $8.42 per share, beating the Zacks Consensus Estimate of $8.35 per share. Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $1.19 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.26%. Deckers shares have lost about 9.8% since the beginning of the year versus the S&P 500's decline of -3.7%.
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Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $1.19 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.26%. Deckers (DECK) came out with quarterly earnings of $8.42 per share, beating the Zacks Consensus Estimate of $8.35 per share. Deckers shares have lost about 9.8% since the beginning of the year versus the S&P 500's decline of -3.7%.
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Deckers (DECK) came out with quarterly earnings of $8.42 per share, beating the Zacks Consensus Estimate of $8.35 per share. Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $1.19 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.26%. Deckers shares have lost about 9.8% since the beginning of the year versus the S&P 500's decline of -3.7%.
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Deckers (DECK) came out with quarterly earnings of $8.42 per share, beating the Zacks Consensus Estimate of $8.35 per share. Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $1.19 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.26%. Deckers shares have lost about 9.8% since the beginning of the year versus the S&P 500's decline of -3.7%.
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2e7c48ad-f268-4e6e-b31b-96f3c5d741f1
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724056.0
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2022-02-03 00:00:00 UTC
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All Eyes Will Be on These 5 Earnings Charts
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DECK
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https://www.nasdaq.com/articles/all-eyes-will-be-on-these-5-earnings-charts
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nan
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nan
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This is a busy week for earnings season as over 100 S&P 500 companies are expected to report earnings, many of which are investor favorites on the Street.
That’s a lot of big cap earnings news in just one week.
Investors are trying to absorb the news in the FAANG earnings reports while watching other, popular companies that are also reporting.
These 5 companies are some of those that many investors will be tuned into as they are widely held and traded.
One is a value stock, but others were once high-flying social media superstars that have had big sell offs.
Are these companies going to be able to beat again?
All Eyes Will Be on These 5 Earnings Charts
1. Ford Motor Company F
Ford has returned to favor with investors as the shares busted out to new 5-year highs this year, gaining 90% in the last year.
However, the shares have been volatile in 2022, falling 0.7% year-to-date.
Ford has beat 6 quarters in a row, and those beats have been big.
Ford’s shares are cheap, with a forward P/E of just 9.7.
Is all the good news already priced into Ford?
2. Snap Inc. SNAP
Snap has only missed 2 times since it went public in 2017. It has beat 6 quarters in a row, which includes the entire pandemic period.
That’s impressive.
Shares have tanked in the last 6 months, however, falling 56% during that period.
And Snap is also down big year-to-date, losing 31%.
Snap is trading at 59x forward earnings.
With that expensive valuation, is the sell-off in Snap shares going to continue?
3. Unity Software U
Unity Software offers a platform for creating and operating interactive, real-time 3D (RT3D) content. It hasn’t missed since it came to the public market in 2020.
But shares of Unity Software have fallen 28% year-to-date on the growth stock sell-off.
It doesn’t have a P/E as earnings are expected to be negative this year and next.
Will another earnings beat matter for the shares this week?
4. Pinterest PINS
Pinterest has beat 6 quarters in a row, but you’d never know from looking at the chart.
Shares are down 53.7% in the last 6 months, including 25% in 2022.
Pinterest shares are much cheaper as a result. It is trading at just 19x.
Is the selling over in Pinterest or will it retest its 2020 coronavirus lows?
5. Deckers Outdoor Corp DECK
Deckers, which owns the hot UGG and HOKA brands, is coming off its first earnings miss in 5 years. What caused it?
Supply chain issues. But did those challenges continue to hit again in the holiday quarter?
The Street is jittery. Shares of Deckers, a big 5-year winner, have fallen about 20% over the last 6 months.
Deckers now trades with a forward P/E of 20.
Will Deckers return to its winning ways this quarter?
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.
See Stocks 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
Ford Motor Company (F): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Snap Inc. (SNAP): Free Stock Analysis Report
Pinterest, Inc. (PINS): Free Stock Analysis Report
Unity Software Inc. (U): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp DECK Deckers, which owns the hot UGG and HOKA brands, is coming off its first earnings miss in 5 years. Shares of Deckers, a big 5-year winner, have fallen about 20% over the last 6 months. Deckers now trades with a forward P/E of 20.
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Deckers Outdoor Corp DECK Deckers, which owns the hot UGG and HOKA brands, is coming off its first earnings miss in 5 years. Shares of Deckers, a big 5-year winner, have fallen about 20% over the last 6 months.
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Deckers Outdoor Corp DECK Deckers, which owns the hot UGG and HOKA brands, is coming off its first earnings miss in 5 years. Shares of Deckers, a big 5-year winner, have fallen about 20% over the last 6 months. Deckers now trades with a forward P/E of 20.
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Deckers Outdoor Corp DECK Deckers, which owns the hot UGG and HOKA brands, is coming off its first earnings miss in 5 years. Shares of Deckers, a big 5-year winner, have fallen about 20% over the last 6 months. Deckers now trades with a forward P/E of 20.
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c03d3fc4-b942-4bb1-ba5e-a2340165af00
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724057.0
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2022-02-02 00:00:00 UTC
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Is a Surprise Coming for Deckers (DECK) This Earnings Season?
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DECK
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https://www.nasdaq.com/articles/is-a-surprise-coming-for-deckers-deck-this-earnings-season
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nan
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nan
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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 $8.35 per share for DECK, compared to a broader Zacks Consensus Estimate of $8.26 per share. This suggests that analysts have very recently bumped up their estimates for DECK, giving the stock a Zacks Earnings ESP of +1.05% 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.
Just Released: Zacks' 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.3% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors are always looking for stocks that are poised to beat at earnings season and Deckers Outdoor Corporation DECK may be one such company. 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.
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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? Deckers Outdoor Corporation (DECK): Free Stock Analysis 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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This suggests that analysts have very recently bumped up their estimates for DECK, giving the stock a Zacks Earnings ESP of +1.05% heading into earnings season. Investors are always looking for stocks that are poised to beat at earnings season and Deckers Outdoor Corporation DECK may be one such company. That is because Deckers is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat.
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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. 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. 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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1c54d60a-1e80-4fea-b63f-ca387ee03d06
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724058.0
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2022-01-31 00:00:00 UTC
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Deckers (DECK) to Report Q3 Earnings: Factors to Consider
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DECK
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https://www.nasdaq.com/articles/deckers-deck-to-report-q3-earnings%3A-factors-to-consider
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nan
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nan
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Deckers Outdoor Corporation DECK is likely to register an increase in the top line when it reports third-quarter fiscal 2022 earnings results on Feb 3, after the market closes. The Zacks Consensus Estimate for revenues is pegged at $1,185 million, indicating an improvement of 9.9% from the prior-year reported figure.
The bottom line of this designer, marketer and distributor of footwear, apparel, and accessories is expected to decline year over year. Although the Zacks Consensus Estimate for third-quarter earnings per share has increased by a penny to $8.26 over the past 30 days, the figure suggests a decline of 8.1% from the year-ago period. In the last reported quarter, this Goleta, CA-based company’s bottom line missed the Zacks Consensus Estimate by 0.5%.
Key Factors to Note
Deckers’ third-quarter performance is likely to have benefited from acceleration of omni-channel capabilities, customer-centric product and marketing strategies. The company’s focus on expanding brand assortments, introducing an innovative line of products and enhancing direct-to-consumer business contribution, might have acted as tailwinds. Additional production lines in new geographic locations and strategic price increases of products to offset input cost pressure are likely to have supported the top line in the quarter to be reported.
Keeping pace with the changing trends, Deckers has been constantly developing its e-commerce portal to capture incremental sales. The company has been making substantial investments to strengthen its online presence and enhance shopping experience.
We note that the Zacks Consensus Estimate for third-quarter sales at UGG, HOKA ONE ONE and Teva brands are pegged at $910 million, $201 million and $16.5 million, indicating an increase of 3.8%, 41.9% and 5.1%, respectively. The Zacks Consensus Estimate for sales at Sanuk brand is pegged at $6.7 million, suggesting a decline of 4.3% from the year-ago period.
While aforementioned factors raise optimism, we cannot rule out operational headwinds owing to container shortages, port congestion, and trucking scarcity that might have led to shipping delays and a greater usage of air freight. Also, any increase in marketing expenses and logistics costs as well as higher usage of air freight might have put pressure on margins.
Deckers Outdoor Corporation Price, Consensus and EPS Surprise
Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote
What the Zacks Model Unveils
Our proven model predicts an earnings beat for Deckers this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. You can see the complete list of today’s Zacks #1 Rank stocks here.
Deckers has a Zacks Rank #3 and an Earnings ESP of +1.05%.
3 More Stocks With Favorable Combination
Here are three other companies you may want to consider as our model shows that these too have the right combination of elements to post an earnings beat:
Macy's M currently has an Earnings ESP of +7.71% and a Zacks Rank #1. The company is likely to register bottom-line improvement when it reports fourth-quarter fiscal 2021 numbers. The Zacks Consensus Estimate for quarterly earnings per share of $1.97 suggests a substantial improvement from 80 cents reported in the year-ago quarter.
Macy's top line is expected to rise year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $8.44 billion, which indicates an improvement of 24.5% from the prior-year quarter. M has a trailing four-quarter earnings surprise of 313.5%, on average.
Tapestry TPR currently has an Earnings ESP of +0.85% and a Zacks Rank #2. The company is likely to register an increase in the bottom line when it reports second-quarter fiscal 2022 numbers. The Zacks Consensus Estimate for quarterly earnings per share of $1.18 suggests an increase of 2.6% from the year-ago reported number.
Tapestry’s top line is expected to increase year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $1.99 billion, which suggests an improvement of 17.8% from the prior-year quarter. TPR has a trailing four-quarter earnings surprise of 29%, on average.
Target TGT currently has an Earnings ESP of +0.50% and a Zacks Rank #3. The company is expected to register bottom-line growth when it reports fourth-quarter fiscal 2021 results. The Zacks Consensus Estimate for quarterly earnings per share of $2.85 suggests growth of 6.7% from the year-ago quarter’s reported figure.
Target’s top line is anticipated to rise year over year. The consensus mark for revenues is pegged at $31.53 billion, indicating an increase of 11.3% from the year-ago quarter. TGT has a trailing four-quarter earnings surprise of 19.7%, 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.
As one investor put it, “curing and preventing hundreds of diseases…what should that market be worth?” 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
Macy's, Inc. (M): Free Stock Analysis Report
Target Corporation (TGT): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Tapestry, Inc. (TPR): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corporation DECK is likely to register an increase in the top line when it reports third-quarter fiscal 2022 earnings results on Feb 3, after the market closes. Key Factors to Note Deckers’ third-quarter performance is likely to have benefited from acceleration of omni-channel capabilities, customer-centric product and marketing strategies. Keeping pace with the changing trends, Deckers has been constantly developing its e-commerce portal to capture incremental sales.
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Deckers Outdoor Corporation DECK is likely to register an increase in the top line when it reports third-quarter fiscal 2022 earnings results on Feb 3, after the market closes. Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote What the Zacks Model Unveils Our proven model predicts an earnings beat for Deckers this time around. Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote What the Zacks Model Unveils Our proven model predicts an earnings beat for Deckers this time around. Deckers Outdoor Corporation DECK is likely to register an increase in the top line when it reports third-quarter fiscal 2022 earnings results on Feb 3, after the market closes. Key Factors to Note Deckers’ third-quarter performance is likely to have benefited from acceleration of omni-channel capabilities, customer-centric product and marketing strategies.
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Deckers Outdoor Corporation DECK is likely to register an increase in the top line when it reports third-quarter fiscal 2022 earnings results on Feb 3, after the market closes. Deckers has a Zacks Rank #3 and an Earnings ESP of +1.05%. Key Factors to Note Deckers’ third-quarter performance is likely to have benefited from acceleration of omni-channel capabilities, customer-centric product and marketing strategies.
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8e812154-7487-4369-b95c-5d21481968c7
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724059.0
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2022-01-27 00:00:00 UTC
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Deckers Outdoor Corporation (NYSE:DECK) Shares Could Be 27% Above Their Intrinsic Value Estimate
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corporation-nyse%3Adeck-shares-could-be-27-above-their-intrinsic-value
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nan
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nan
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Does the January share price for Deckers Outdoor Corporation (NYSE:DECK) reflect what it's really worth? Today, we will estimate the stock's intrinsic value by taking the expected future cash flows and discounting them to their present value. This will be done using the Discounted Cash Flow (DCF) model. Models like these may appear beyond the comprehension of a lay person, but they're fairly easy to follow.
We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model.
What's the estimated valuation?
We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.
A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate:
10-year free cash flow (FCF) forecast
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Levered FCF ($, Millions) US$227.1m US$530.9m US$451.4m US$670.0m US$492.0m US$397.8m US$346.8m US$317.7m US$300.9m US$291.6m
Growth Rate Estimate Source Analyst x5 Analyst x5 Analyst x3 Analyst x1 Analyst x1 Est @ -19.15% Est @ -12.82% Est @ -8.39% Est @ -5.28% Est @ -3.11%
Present Value ($, Millions) Discounted @ 6.5% US$213 US$468 US$374 US$521 US$359 US$273 US$223 US$192 US$171 US$155
("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = US$2.9b
The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.0%. We discount the terminal cash flows to today's value at a cost of equity of 6.5%.
Terminal Value (TV)= FCF2031 × (1 + g) ÷ (r – g) = US$292m× (1 + 2.0%) ÷ (6.5%– 2.0%) = US$6.5b
Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$6.5b÷ ( 1 + 6.5%)10= US$3.5b
The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$6.4b. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of US$299, the company appears slightly overvalued at the time of writing. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind.
NYSE:DECK Discounted Cash Flow January 27th 2022
Important assumptions
Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Deckers Outdoor as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 6.5%, which is based on a levered beta of 1.036. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.
Next Steps:
Whilst important, the DCF calculation shouldn't be the only metric you look at when researching a company. The DCF model is not a perfect stock valuation tool. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. What is the reason for the share price exceeding the intrinsic value? For Deckers Outdoor, we've compiled three further elements you should look at:
Risks: For example, we've discovered 1 warning sign for Deckers Outdoor that you should be aware of before investing here.
Future Earnings: How does DECK's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.
Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!
PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NYSE every day. If you want to find the calculation for other stocks just search here.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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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Does the January share price for Deckers Outdoor Corporation (NYSE:DECK) reflect what it's really worth? NYSE:DECK Discounted Cash Flow January 27th 2022 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. Given that we are looking at Deckers Outdoor as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt.
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Does the January share price for Deckers Outdoor Corporation (NYSE:DECK) reflect what it's really worth? NYSE:DECK Discounted Cash Flow January 27th 2022 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. Given that we are looking at Deckers Outdoor as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt.
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NYSE:DECK Discounted Cash Flow January 27th 2022 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. Does the January share price for Deckers Outdoor Corporation (NYSE:DECK) reflect what it's really worth? Given that we are looking at Deckers Outdoor as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt.
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Does the January share price for Deckers Outdoor Corporation (NYSE:DECK) reflect what it's really worth? NYSE:DECK Discounted Cash Flow January 27th 2022 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. Given that we are looking at Deckers Outdoor as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt.
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ab507035-7fad-4822-8754-df09eba62d0a
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724060.0
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2022-01-26 00:00:00 UTC
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Deckers' (DECK) Omni-Channel Efforts, Brand Strength Bode Well
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DECK
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https://www.nasdaq.com/articles/deckers-deck-omni-channel-efforts-brand-strength-bode-well
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nan
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nan
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Deckers Outdoor Corporation DECK looks poised for growth, thanks to its robust omni-channel expansion endeavors, strength in brands including HOKA ONE ONE, and impressive product and marketing strategies. DECK made substantial investments to strengthen its online presence and improve shopping experience for customers. Acceleration of omni-channel capabilities, international expansion and customer-centric strategies have been yielding favorable results for a while.
Let’s delve deeper.
Discussing Strategies
Deckers is constantly developing its e-commerce portal to resonate well with the evolving trends and grab higher sales. Management is focused on opening smaller concept omni-channel outlets and expanding programs, such as Retail Inventory Online; Infinite UGG; Buy Online, Return In Store; and Click and Collect to enhance customers’ shopping experience. During the second quarter of fiscal 2022, direct-to-consumer net sales grew, primarily driven by the HOKA ONE ONE brand. HOKA ONE ONE’s direct-to-consumer net sales increased 81% from last-year levels. DECK targets a direct-to-consumer business that will represent 50% of total revenues.
Deckers’ efforts related to product innovation and store expansion have also been encouraging so far. DECK’s focus on expanding its brand assortments, bringing more innovative line of products, targeting consumers digitally and optimizing omni-channel distribution bodes well.
Talking of its brand progress, greater acceptance of Deckers’ UGG brand's diverse product line and its progress in Europe and the Asia Pacific augur well. HOKA ONE ONE brand continues to build customer base through a combination of disruptive product innovation and a disciplined marketing approach. Deckers is progressing toward building HOKA ONE ONE, a $1-billion plus brand, elevating UGG as a global lifestyle brand with diverse product offerings round the year. HOKA ONE ONE is benefiting from Decker's organizational retail expertise developed in connection with the UGG brand.
Bottom Line
We note that DECK’s extended transit lead times and cost pressures due to container shortages, port congestion, and trucking scarcity and air freight persist. Although the volatile landscape because of the pandemic lingers, management makes efforts to mitigate such headwinds. Contributions from the direct-to-consumer business and the HOKA ONE ONE brand will keep driving growth.
Deckers shares space with Steven Madden SHOO, Wolverine WWW and Crocs CROX.
Steven Madden is the designer and marketer of fashion-forward brand and private label footwear. SHOO has a trailing four-quarter earnings surprise of 41.9%, on average.
The Zacks Consensus Estimate for Steven Madden’s current financial-year sales and earnings per share (EPS) suggests growth of 12.3% and 22.2%, respectively, from the year-ago period’s corresponding figures. SHOO has an expected EPS growth rate of 15% for three-five years.
Wolverine is the designer and manufacturer of a wide variety of casual as well as active apparel and footwear. WWW has an expected EPS growth rate of 10% for three-five years.
The Zacks Consensus Estimate for Wolverine’s 2022 sales and EPS suggests growth of 17.5% and 22.1%, respectively, from the year-ago corresponding figures. WWW has a trailing four-quarter earnings surprise of 18.3%, on average.
Crocs is the manufacturer and distributor of casual lifestyle footwear and accessories. CROX has an expected EPS growth rate of 15% for three-five years.
The Zacks Consensus Estimate for Crocs’ 2022 sales and EPS suggests growth of 48.8% and 25.8%, respectively, from the year-ago corresponding figures. CROX has a trailing four-quarter earnings surprise of 41.6%, 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.
As one investor put it, “curing and preventing hundreds of diseases…what should that market be worth?” 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
Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report
Crocs, Inc. (CROX): 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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Deckers Outdoor Corporation DECK looks poised for growth, thanks to its robust omni-channel expansion endeavors, strength in brands including HOKA ONE ONE, and impressive product and marketing strategies. DECK’s focus on expanding its brand assortments, bringing more innovative line of products, targeting consumers digitally and optimizing omni-channel distribution bodes well. Bottom Line We note that DECK’s extended transit lead times and cost pressures due to container shortages, port congestion, and trucking scarcity and air freight persist.
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Deckers Outdoor Corporation DECK looks poised for growth, thanks to its robust omni-channel expansion endeavors, strength in brands including HOKA ONE ONE, and impressive product and marketing strategies. DECK made substantial investments to strengthen its online presence and improve shopping experience for customers.
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Deckers Outdoor Corporation DECK looks poised for growth, thanks to its robust omni-channel expansion endeavors, strength in brands including HOKA ONE ONE, and impressive product and marketing strategies. Deckers is progressing toward building HOKA ONE ONE, a $1-billion plus brand, elevating UGG as a global lifestyle brand with diverse product offerings round the year. DECK made substantial investments to strengthen its online presence and improve shopping experience for customers.
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Deckers Outdoor Corporation DECK looks poised for growth, thanks to its robust omni-channel expansion endeavors, strength in brands including HOKA ONE ONE, and impressive product and marketing strategies. DECK made substantial investments to strengthen its online presence and improve shopping experience for customers. Discussing Strategies Deckers is constantly developing its e-commerce portal to resonate well with the evolving trends and grab higher sales.
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df8558ad-e95e-48db-a628-5f16b4e61274
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724061.0
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2022-01-14 00:00:00 UTC
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Notable Friday Option Activity: BX, CSII, DECK
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DECK
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https://www.nasdaq.com/articles/notable-friday-option-activity%3A-bx-csii-deck
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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 Blackstone Inc (Symbol: BX), where a total of 18,741 contracts have traded so far, representing approximately 1.9 million underlying shares. That amounts to about 44.8% of BX's average daily trading volume over the past month of 4.2 million shares. Particularly high volume was seen for the $110 strike put option expiring February 18, 2022, with 1,334 contracts trading so far today, representing approximately 133,400 underlying shares of BX. Below is a chart showing BX's trailing twelve month trading history, with the $110 strike highlighted in orange:
Cardiovascular Systems, Inc (Symbol: CSII) options are showing a volume of 1,903 contracts thus far today. That number of contracts represents approximately 190,300 underlying shares, working out to a sizeable 43.8% of CSII's average daily trading volume over the past month, of 434,755 shares. Especially high volume was seen for the $22.50 strike call option expiring January 21, 2022, with 1,370 contracts trading so far today, representing approximately 137,000 underlying shares of CSII. Below is a chart showing CSII's trailing twelve month trading history, with the $22.50 strike highlighted in orange:
And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 1,369 contracts thus far today. That number of contracts represents approximately 136,900 underlying shares, working out to a sizeable 43.4% of DECK's average daily trading volume over the past month, of 315,570 shares. Particularly high volume was seen for the $660 strike call option expiring February 18, 2022, with 306 contracts trading so far today, representing approximately 30,600 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $660 strike highlighted in orange:
For the various different available expirations for BX options, CSII options, or DECK options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $660 strike call option expiring February 18, 2022, with 306 contracts trading so far today, representing approximately 30,600 underlying shares of DECK. Below is a chart showing CSII's trailing twelve month trading history, with the $22.50 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 1,369 contracts thus far today. That number of contracts represents approximately 136,900 underlying shares, working out to a sizeable 43.4% of DECK's average daily trading volume over the past month, of 315,570 shares.
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Below is a chart showing CSII's trailing twelve month trading history, with the $22.50 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 1,369 contracts thus far today. That number of contracts represents approximately 136,900 underlying shares, working out to a sizeable 43.4% of DECK's average daily trading volume over the past month, of 315,570 shares. Particularly high volume was seen for the $660 strike call option expiring February 18, 2022, with 306 contracts trading so far today, representing approximately 30,600 underlying shares of DECK.
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Particularly high volume was seen for the $660 strike call option expiring February 18, 2022, with 306 contracts trading so far today, representing approximately 30,600 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $660 strike highlighted in orange: For the various different available expirations for BX options, CSII options, or DECK options, visit StockOptionsChannel.com. Below is a chart showing CSII's trailing twelve month trading history, with the $22.50 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 1,369 contracts thus far today.
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That number of contracts represents approximately 136,900 underlying shares, working out to a sizeable 43.4% of DECK's average daily trading volume over the past month, of 315,570 shares. Below is a chart showing DECK's trailing twelve month trading history, with the $660 strike highlighted in orange: For the various different available expirations for BX options, CSII options, or DECK options, visit StockOptionsChannel.com. Below is a chart showing CSII's trailing twelve month trading history, with the $22.50 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 1,369 contracts thus far today.
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820576d5-66d6-4a21-8510-db771613d7f1
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724062.0
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2022-01-10 00:00:00 UTC
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RSI Alert: Deckers Outdoor (DECK) Now Oversold
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DECK
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https://www.nasdaq.com/articles/rsi-alert%3A-deckers-outdoor-deck-now-oversold
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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 Monday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 28.3, after changing hands as low as $316.34 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 44.0. A bullish investor could look at DECK's 28.3 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 $276.70 per share, with $451.49 as the 52 week high point — that compares with a last trade of $331.71.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 28.3, after changing hands as low as $316.34 per share. A bullish investor could look at DECK's 28.3 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 $276.70 per share, with $451.49 as the 52 week high point — that compares with a last trade of $331.71.
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A bullish investor could look at DECK's 28.3 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 $276.70 per share, with $451.49 as the 52 week high point — that compares with a last trade of $331.71. In trading on Monday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 28.3, after changing hands as low as $316.34 per share.
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In trading on Monday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 28.3, after changing hands as low as $316.34 per share. A bullish investor could look at DECK's 28.3 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 $276.70 per share, with $451.49 as the 52 week high point — that compares with a last trade of $331.71.
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In trading on Monday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 28.3, after changing hands as low as $316.34 per share. A bullish investor could look at DECK's 28.3 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 $276.70 per share, with $451.49 as the 52 week high point — that compares with a last trade of $331.71.
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958c7805-2d18-4286-b4a6-ea118dabdcf6
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724063.0
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2022-01-07 00:00:00 UTC
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The Math Shows QVMM Can Go To $30
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DECK
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https://www.nasdaq.com/articles/the-math-shows-qvmm-can-go-to-%2430
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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 Invesco S&P MidCap 400 QVM Multi-factor ETF (Symbol: QVMM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $29.83 per unit.
With QVMM trading at a recent price near $25.99 per unit, that means that analysts see 14.78% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of QVMM's underlying holdings with notable upside to their analyst target prices are Interactive Brokers Group Inc (Symbol: IBKR), Deckers Outdoor Corp. (Symbol: DECK), and JBG SMITH Properties (Symbol: JBGS). Although IBKR has traded at a recent price of $77.30/share, the average analyst target is 33.68% higher at $103.33/share. Similarly, DECK has 32.03% upside from the recent share price of $348.83 if the average analyst target price of $460.56/share is reached, and analysts on average are expecting JBGS to reach a target price of $36.00/share, which is 18.97% above the recent price of $30.26. Below is a twelve month price history chart comparing the stock performance of IBKR, DECK, and JBGS:
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
Invesco S&P MidCap 400 QVM Multi-factor ETF QVMM $25.99 $29.83 14.78%
Interactive Brokers Group Inc IBKR $77.30 $103.33 33.68%
Deckers Outdoor Corp. DECK $348.83 $460.56 32.03%
JBG SMITH Properties JBGS $30.26 $36.00 18.97%
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 »
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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Invesco S&P MidCap 400 QVM Multi-factor ETF QVMM $25.99 $29.83 14.78% Interactive Brokers Group Inc IBKR $77.30 $103.33 33.68% Deckers Outdoor Corp. DECK $348.83 $460.56 32.03% JBG SMITH Properties JBGS $30.26 $36.00 18.97% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of QVMM's underlying holdings with notable upside to their analyst target prices are Interactive Brokers Group Inc (Symbol: IBKR), Deckers Outdoor Corp. (Symbol: DECK), and JBG SMITH Properties (Symbol: JBGS). Similarly, DECK has 32.03% upside from the recent share price of $348.83 if the average analyst target price of $460.56/share is reached, and analysts on average are expecting JBGS to reach a target price of $36.00/share, which is 18.97% above the recent price of $30.26.
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Three of QVMM's underlying holdings with notable upside to their analyst target prices are Interactive Brokers Group Inc (Symbol: IBKR), Deckers Outdoor Corp. (Symbol: DECK), and JBG SMITH Properties (Symbol: JBGS). Similarly, DECK has 32.03% upside from the recent share price of $348.83 if the average analyst target price of $460.56/share is reached, and analysts on average are expecting JBGS to reach a target price of $36.00/share, which is 18.97% above the recent price of $30.26. Invesco S&P MidCap 400 QVM Multi-factor ETF QVMM $25.99 $29.83 14.78% Interactive Brokers Group Inc IBKR $77.30 $103.33 33.68% Deckers Outdoor Corp. DECK $348.83 $460.56 32.03% JBG SMITH Properties JBGS $30.26 $36.00 18.97% 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, DECK has 32.03% upside from the recent share price of $348.83 if the average analyst target price of $460.56/share is reached, and analysts on average are expecting JBGS to reach a target price of $36.00/share, which is 18.97% above the recent price of $30.26. Three of QVMM's underlying holdings with notable upside to their analyst target prices are Interactive Brokers Group Inc (Symbol: IBKR), Deckers Outdoor Corp. (Symbol: DECK), and JBG SMITH Properties (Symbol: JBGS). Below is a twelve month price history chart comparing the stock performance of IBKR, DECK, and JBGS: Below is a summary table of the current analyst target prices discussed above:
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Invesco S&P MidCap 400 QVM Multi-factor ETF QVMM $25.99 $29.83 14.78% Interactive Brokers Group Inc IBKR $77.30 $103.33 33.68% Deckers Outdoor Corp. DECK $348.83 $460.56 32.03% JBG SMITH Properties JBGS $30.26 $36.00 18.97% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of QVMM's underlying holdings with notable upside to their analyst target prices are Interactive Brokers Group Inc (Symbol: IBKR), Deckers Outdoor Corp. (Symbol: DECK), and JBG SMITH Properties (Symbol: JBGS). Similarly, DECK has 32.03% upside from the recent share price of $348.83 if the average analyst target price of $460.56/share is reached, and analysts on average are expecting JBGS to reach a target price of $36.00/share, which is 18.97% above the recent price of $30.26.
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7203a33c-1429-4ece-bfc3-f47c9f67379d
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724064.0
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2022-01-01 00:00:00 UTC
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Could The Market Be Wrong About Deckers Outdoor Corporation (NYSE:DECK) Given Its Attractive Financial Prospects?
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DECK
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https://www.nasdaq.com/articles/could-the-market-be-wrong-about-deckers-outdoor-corporation-nyse%3Adeck-given-its-attractive
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nan
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nan
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It is hard to get excited after looking at Deckers Outdoor's (NYSE:DECK) recent performance, when its stock has declined 7.9% over the past month. However, stock prices are usually driven by a company’s financial performance over the long term, which in this case looks quite promising. Particularly, we will be paying attention to Deckers Outdoor's ROE today.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Put another way, it reveals the company's success at turning shareholder investments into profits.
How To Calculate Return On Equity?
Return on equity can be calculated by using the formula:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for Deckers Outdoor is:
30% = US$439m ÷ US$1.5b (Based on the trailing twelve months to September 2021).
The 'return' refers to a company's earnings over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.30 in profit.
What Is The Relationship Between ROE And Earnings Growth?
So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
A Side By Side comparison of Deckers Outdoor's Earnings Growth And 30% ROE
To begin with, Deckers Outdoor has a pretty high ROE which is interesting. Secondly, even when compared to the industry average of 16% the company's ROE is quite impressive. Under the circumstances, Deckers Outdoor's considerable five year net income growth of 41% was to be expected.
When you consider the fact that the industry earnings have shrunk at a rate of 12% in the same period, the company's net income growth is pretty remarkable.
NYSE:DECK Past Earnings Growth January 1st 2022
Earnings growth is a huge factor in stock valuation. It’s important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Deckers Outdoor is trading on a high P/E or a low P/E, relative to its industry.
Is Deckers Outdoor Making Efficient Use Of Its Profits?
Given that Deckers Outdoor doesn't pay any dividend to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business.
Summary
Overall, we are quite pleased with Deckers Outdoor's performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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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Given that Deckers Outdoor doesn't pay any dividend to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business. It is hard to get excited after looking at Deckers Outdoor's (NYSE:DECK) recent performance, when its stock has declined 7.9% over the past month. Particularly, we will be paying attention to Deckers Outdoor's ROE today.
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Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Deckers Outdoor is: 30% = US$439m ÷ US$1.5b (Based on the trailing twelve months to September 2021). A Side By Side comparison of Deckers Outdoor's Earnings Growth And 30% ROE To begin with, Deckers Outdoor has a pretty high ROE which is interesting. NYSE:DECK Past Earnings Growth January 1st 2022 Earnings growth is a huge factor in stock valuation.
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Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Deckers Outdoor is: 30% = US$439m ÷ US$1.5b (Based on the trailing twelve months to September 2021). A Side By Side comparison of Deckers Outdoor's Earnings Growth And 30% ROE To begin with, Deckers Outdoor has a pretty high ROE which is interesting. It is hard to get excited after looking at Deckers Outdoor's (NYSE:DECK) recent performance, when its stock has declined 7.9% over the past month.
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Given that Deckers Outdoor doesn't pay any dividend to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business. It is hard to get excited after looking at Deckers Outdoor's (NYSE:DECK) recent performance, when its stock has declined 7.9% over the past month. Particularly, we will be paying attention to Deckers Outdoor's ROE today.
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2c7ecaab-a7f6-4da5-b7e7-fadc0de614ad
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724065.0
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2021-12-29 00:00:00 UTC
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Wednesday Sector Leaders: Apparel Stores, Textiles
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DECK
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https://www.nasdaq.com/articles/wednesday-sector-leaders%3A-apparel-stores-textiles
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nan
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nan
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In trading on Wednesday, apparel stores shares were relative leaders, up on the day by about 2.1%. Leading the group were shares of Victorias Secret, up about 12% and shares of Citi Trends up about 5.8% on the day.
Also showing relative strength are textiles shares, up on the day by about 1.4% as a group, led by Torrid Holdings, trading up by about 3.3% and Deckers Outdoor, trading up by about 2.8% on Wednesday.
VIDEO: Wednesday Sector Leaders: Apparel Stores, 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 showing relative strength are textiles shares, up on the day by about 1.4% as a group, led by Torrid Holdings, trading up by about 3.3% and Deckers Outdoor, trading up by about 2.8% on Wednesday. In trading on Wednesday, apparel stores shares were relative leaders, up on the day by about 2.1%. VIDEO: Wednesday Sector Leaders: Apparel Stores, 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 showing relative strength are textiles shares, up on the day by about 1.4% as a group, led by Torrid Holdings, trading up by about 3.3% and Deckers Outdoor, trading up by about 2.8% on Wednesday. In trading on Wednesday, apparel stores shares were relative leaders, up on the day by about 2.1%. VIDEO: Wednesday Sector Leaders: Apparel Stores, 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 showing relative strength are textiles shares, up on the day by about 1.4% as a group, led by Torrid Holdings, trading up by about 3.3% and Deckers Outdoor, trading up by about 2.8% on Wednesday. In trading on Wednesday, apparel stores shares were relative leaders, up on the day by about 2.1%. VIDEO: Wednesday Sector Leaders: Apparel Stores, 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 showing relative strength are textiles shares, up on the day by about 1.4% as a group, led by Torrid Holdings, trading up by about 3.3% and Deckers Outdoor, trading up by about 2.8% on Wednesday. In trading on Wednesday, apparel stores shares were relative leaders, up on the day by about 2.1%. Leading the group were shares of Victorias Secret, up about 12% and shares of Citi Trends up about 5.8% on the day.
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102647c2-6ff0-4e0f-84de-5e0860401c64
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724066.0
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2021-12-02 00:00:00 UTC
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Despite low prices, Deckers Outdoor Corporation (NYSE:DECK) insiders sold US$1.4m worth of shares last year probably anticipating weakness
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DECK
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https://www.nasdaq.com/articles/despite-low-prices-deckers-outdoor-corporation-nyse%3Adeck-insiders-sold-us%241.4m-worth-of
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nan
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nan
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Despite the fact that Deckers Outdoor Corporation's (NYSE:DECK) value has dropped 6.7% in the last week insiders who sold US$1.4m worth of stock in the past 12 months have had less success. Insiders would probably have been better off holding on to their shares given that the average selling price of US$390 is still lower than the current share price.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
The Last 12 Months Of Insider Transactions At Deckers Outdoor
In the last twelve months, the biggest single sale by an insider was when the Chief Financial Officer, Steven Fasching, sold US$653k worth of shares at a price of US$435 per share. That means that an insider was selling shares at around the current price of US$398. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
Deckers Outdoor insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
NYSE:DECK Insider Trading Volume December 2nd 2021
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Does Deckers Outdoor Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Deckers Outdoor insiders own 1.0% of the company, currently worth about US$115m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About Deckers Outdoor Insiders?
The fact that there have been no Deckers Outdoor insider transactions recently certainly doesn't bother us. It's great to see high levels of insider ownership, but looking back over the last year, we don't gain confidence from the Deckers Outdoor insiders selling. Of course, the future is what matters most. So if you are interested in Deckers Outdoor, you should check out this free report on analyst forecasts for the company.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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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Despite the fact that Deckers Outdoor Corporation's (NYSE:DECK) value has dropped 6.7% in the last week insiders who sold US$1.4m worth of stock in the past 12 months have had less success. The Last 12 Months Of Insider Transactions At Deckers Outdoor In the last twelve months, the biggest single sale by an insider was when the Chief Financial Officer, Steven Fasching, sold US$653k worth of shares at a price of US$435 per share. Deckers Outdoor insiders didn't buy any shares over the last year.
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Deckers Outdoor insiders own 1.0% of the company, currently worth about US$115m based on the recent share price. The fact that there have been no Deckers Outdoor insider transactions recently certainly doesn't bother us. So if you are interested in Deckers Outdoor, you should check out this free report on analyst forecasts for the company.
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The Last 12 Months Of Insider Transactions At Deckers Outdoor In the last twelve months, the biggest single sale by an insider was when the Chief Financial Officer, Steven Fasching, sold US$653k worth of shares at a price of US$435 per share. NYSE:DECK Insider Trading Volume December 2nd 2021 If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. It's great to see high levels of insider ownership, but looking back over the last year, we don't gain confidence from the Deckers Outdoor insiders selling.
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Deckers Outdoor insiders didn't buy any shares over the last year. So What Does This Data Suggest About Deckers Outdoor Insiders? So if you are interested in Deckers Outdoor, you should check out this free report on analyst forecasts for the company.
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7948e3ba-968d-48db-bb41-949760c3e376
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724067.0
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2021-12-01 00:00:00 UTC
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Noteworthy ETF Inflows: SMLF, WSM, DECK, PWR
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DECK
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https://www.nasdaq.com/articles/noteworthy-etf-inflows%3A-smlf-wsm-deck-pwr
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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 MSCI USA Small-Cap Multifactor ETF (Symbol: SMLF) where we have detected an approximate $137.4 million dollar inflow -- that's a 12.9% increase week over week in outstanding units (from 19,400,000 to 21,900,000). Among the largest underlying components of SMLF, in trading today Williams Sonoma Inc (Symbol: WSM) is off about 0.7%, Deckers Outdoor Corp. (Symbol: DECK) is up about 3.2%, and Quanta Services, Inc. (Symbol: PWR) is higher by about 2%. For a complete list of holdings, visit the SMLF Holdings page » The chart below shows the one year price performance of SMLF, versus its 200 day moving average:
Looking at the chart above, SMLF's low point in its 52 week range is $43.14 per share, with $60.085 as the 52 week high point — that compares with a last trade of $56.35. 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 7%+ 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 »
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 SMLF, in trading today Williams Sonoma Inc (Symbol: WSM) is off about 0.7%, Deckers Outdoor Corp. (Symbol: DECK) is up about 3.2%, and Quanta Services, Inc. (Symbol: PWR) is higher by about 2%. For a complete list of holdings, visit the SMLF Holdings page » The chart below shows the one year price performance of SMLF, versus its 200 day moving average: Looking at the chart above, SMLF's low point in its 52 week range is $43.14 per share, with $60.085 as the 52 week high point — that compares with a last trade of $56.35. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of SMLF, in trading today Williams Sonoma Inc (Symbol: WSM) is off about 0.7%, Deckers Outdoor Corp. (Symbol: DECK) is up about 3.2%, and Quanta Services, Inc. (Symbol: PWR) is higher by about 2%. For a complete list of holdings, visit the SMLF Holdings page » The chart below shows the one year price performance of SMLF, versus its 200 day moving average: Looking at the chart above, SMLF's low point in its 52 week range is $43.14 per share, with $60.085 as the 52 week high point — that compares with a last trade of $56.35. 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 SMLF, in trading today Williams Sonoma Inc (Symbol: WSM) is off about 0.7%, Deckers Outdoor Corp. (Symbol: DECK) is up about 3.2%, and Quanta Services, Inc. (Symbol: PWR) is higher by about 2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA Small-Cap Multifactor ETF (Symbol: SMLF) where we have detected an approximate $137.4 million dollar inflow -- that's a 12.9% increase week over week in outstanding units (from 19,400,000 to 21,900,000). For a complete list of holdings, visit the SMLF Holdings page » The chart below shows the one year price performance of SMLF, versus its 200 day moving average: Looking at the chart above, SMLF's low point in its 52 week range is $43.14 per share, with $60.085 as the 52 week high point — that compares with a last trade of $56.35.
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Among the largest underlying components of SMLF, in trading today Williams Sonoma Inc (Symbol: WSM) is off about 0.7%, Deckers Outdoor Corp. (Symbol: DECK) is up about 3.2%, and Quanta Services, Inc. (Symbol: PWR) is higher by about 2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA Small-Cap Multifactor ETF (Symbol: SMLF) where we have detected an approximate $137.4 million dollar inflow -- that's a 12.9% increase week over week in outstanding units (from 19,400,000 to 21,900,000). For a complete list of holdings, visit the SMLF Holdings page » The chart below shows the one year price performance of SMLF, versus its 200 day moving average: Looking at the chart above, SMLF's low point in its 52 week range is $43.14 per share, with $60.085 as the 52 week high point — that compares with a last trade of $56.35.
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d077db9f-e026-4974-9954-bbd023654b7a
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724068.0
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2021-11-28 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Motley Fool - 11/28/2021
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-motley-fool-11-28-2021
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nan
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nan
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The following are the top rated Consumer Cyclical stocks according to Validea's Small-Cap Growth Investor model based on the published strategy of Motley Fool. This strategy looks for small cap growth stocks with solid fundamentals and strong price performance.
LOVESAC CO (LOVE) is a small-cap growth stock in the Furniture & Fixtures industry. The rating according to our strategy based on Motley Fool is 72% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: The Lovesac Company is a technology company that designs, manufactures and sells furniture's through its Designed for Life philosophy. The Company's product offering is comprised of modular couches called Sactionals, foam beanbag chairs called Sacs, and their associated home decor accessories. The Sactionals are couch systems that consists of seats and sides. It also offers accessories that include drink holders, footsac blankets, decorative pillows, fitted seat tables and ottomans. The Company offers its products through an omni-channel platform. The Company markets and sells its products through approximately 123 showrooms in the United States.
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.
PROFIT MARGIN: PASS
RELATIVE STRENGTH: PASS
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: FAIL
INSIDER HOLDINGS: PASS
CASH FLOW FROM OPERATIONS: PASS
PROFIT MARGIN CONSISTENCY: FAIL
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PASS
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: PASS
"THE FOOL RATIO" (P/E TO GROWTH): FAIL
AVERAGE SHARES OUTSTANDING: PASS
SALES: PASS
DAILY DOLLAR VOLUME: FAIL
PRICE: PASS
INCOME TAX PERCENTAGE: FAIL
Detailed Analysis of LOVESAC CO
Full Guru Analysis for LOVE>
Full Factor Report for LOVE>
MOVADO GROUP, INC (MOV) is a small-cap value stock in the Jewelry & Silverware industry. The rating according to our strategy based on Motley Fool is 72% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Movado Group, Inc designs, sources, markets, and distributes watches globally. The Company operates through two segments: Watch and Accessory Brands and Company Stores. The Watch and Accessory Brands segment includes the designing, manufacturing and distribution of watches, jewelry and other accessories, after-sales service activities, and shipping. The Stores segment includes the Company's physical retail outlet locations in the United States and Canada. The Company divides its business into two geographic locations: United States operations and International operations. It has International operations in Europe, the Middle East, Asia, and the Americas. Its owned brands include MOVADO, CONCORD, EBEL, OLIVIA BURTON and MVMT. Its licensed brands include COACH, TOMMY HILFIGER, HUGO BOSS, LACOSTE and SCUDERIA FERRARI.
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.
PROFIT MARGIN: PASS
RELATIVE STRENGTH: PASS
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: PASS
INSIDER HOLDINGS: FAIL
CASH FLOW FROM OPERATIONS: PASS
PROFIT MARGIN CONSISTENCY: FAIL
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PASS
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: PASS
"THE FOOL RATIO" (P/E TO GROWTH): FAIL
AVERAGE SHARES OUTSTANDING: PASS
SALES: FAIL
DAILY DOLLAR VOLUME: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: FAIL
Detailed Analysis of MOVADO GROUP, INC
Full Guru Analysis for MOV>
Full Factor Report for MOV>
DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. The rating according to our strategy based on Motley Fool is 68% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. The Company operates through six operating segments, the UGG brand segment offers footwear, apparel, and accessories with expanded product offerings. HOKA Brand segment provides footwear and apparel that offers enhanced cushioning and inherent stability with minimal weight. Teva Brand segment is a multi-category modern outdoor lifestyle brand offering a range of casual, and trail lifestyle products. Sanuk Brand segment is a lifestyle brand with a presence in the relaxed casual shoe and sandal categories. Other Brands segment consist of the Koolaburra by UGG brand. The Koolaburra brand is a casual footwear fashion line using sheepskin and other plush materials. The Direct-to-Consumer segment consist of retail stores and e-commerce websites which, in an omni-channel marketplace, are intertwined.
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.
PROFIT MARGIN: PASS
RELATIVE STRENGTH: FAIL
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: FAIL
INSIDER HOLDINGS: FAIL
CASH FLOW FROM OPERATIONS: PASS
PROFIT MARGIN CONSISTENCY: PASS
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PASS
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: PASS
"THE FOOL RATIO" (P/E TO GROWTH): PASS
AVERAGE SHARES OUTSTANDING: PASS
SALES: FAIL
DAILY DOLLAR VOLUME: FAIL
PRICE: PASS
INCOME TAX PERCENTAGE: FAIL
Detailed Analysis of DECKERS OUTDOOR CORP
Full Guru Analysis for DECK>
Full Factor Report for DECK>
TESLA INC (TSLA) is a large-cap growth stock in the Auto & Truck Manufacturers industry. The rating according to our strategy based on Motley Fool is 68% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Tesla, Inc. designs, develops, manufactures, sells and leases electric vehicles and energy generation and storage systems, and offers services related to its sustainable energy products. The Company's segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of electric vehicles as well as sales of automotive regulatory credits. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy systems and energy storage products, services related to its products, and sales of solar energy system incentives. Its automotive products include Model 3, Model Y, Model S and Model X. Model 3 is a four-door sedan. Model Y is a sport utility vehicle (SUV) built on the Model 3 platform. Model S is a four-door sedan. Model X is an SUV. The Company's energy storage products include Powerwall, Powerpack and Megapack.
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.
PROFIT MARGIN: PASS
RELATIVE STRENGTH: FAIL
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: PASS
INSIDER HOLDINGS: PASS
CASH FLOW FROM OPERATIONS: PASS
PROFIT MARGIN CONSISTENCY: PASS
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PASS
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: FAIL
"THE FOOL RATIO" (P/E TO GROWTH): FAIL
AVERAGE SHARES OUTSTANDING: FAIL
SALES: FAIL
DAILY DOLLAR VOLUME: FAIL
PRICE: PASS
INCOME TAX PERCENTAGE: FAIL
Detailed Analysis of TESLA INC
Full Guru Analysis for TSLA>
Full Factor Report for TSLA>
A-MARK PRECIOUS METALS INC (AMRK) is a small-cap value stock in the Jewelry & Silverware industry. The rating according to our strategy based on Motley Fool is 65% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: A-Mark Precious Metals, Inc. is a fully integrated precious metals platform. The Company operates through three segments: Wholesale Sales & Ancillary Services, Secured Lending and Direct-to-Consumer. The Wholesale Sales & Ancillary Services segment operates as a full-service precious metals company. The products sold within this segment include gold, silver, platinum, and palladium mainly in the form of coins, rounds, bars, wafers and grain. The Company operates Secured Lending segment through its wholly owned subsidiary, Collateral Finance Corporation (CFC). Direct to customer segment operate through its wholly owned subsidiaries JM Bullion, Inc. (JMB), Goldline, Inc. (Goldline) and others.
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.
PROFIT MARGIN: FAIL
RELATIVE STRENGTH: PASS
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: FAIL
INSIDER HOLDINGS: PASS
CASH FLOW FROM OPERATIONS: FAIL
PROFIT MARGIN CONSISTENCY: PASS
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PASS
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: FAIL
"THE FOOL RATIO" (P/E TO GROWTH): PASS
AVERAGE SHARES OUTSTANDING: PASS
SALES: FAIL
DAILY DOLLAR VOLUME: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: FAIL
Detailed Analysis of A-MARK PRECIOUS METALS INC
Full Guru Analysis for AMRK>
Full Factor Report for AMRK>
More details on Validea's Motley Fool strategy
About Motley Fool: Brothers David and Tom Gardner often wear funny hats in public appearances, but they're hardly fools -- at least not the kind whose advice you should readily dismiss. The Gardners are the founders of the popular Motley Fool web site, which offers frank and often irreverent commentary on investing, the stock market, and personal finance. The Gardners' "Fool" really is a multi-media endeavor, offering not only its web content but also several books written by the brothers, a weekly syndicated newspaper column, and subscription newsletter services.
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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Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. Detailed Analysis of MOVADO GROUP, INC Full Guru Analysis for MOV> Full Factor Report for MOV> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> TESLA INC (TSLA) is a large-cap growth stock in the Auto & Truck Manufacturers industry.
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Detailed Analysis of MOVADO GROUP, INC Full Guru Analysis for MOV> Full Factor Report for MOV> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> TESLA INC (TSLA) is a large-cap growth stock in the Auto & Truck Manufacturers industry.
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Detailed Analysis of MOVADO GROUP, INC Full Guru Analysis for MOV> Full Factor Report for MOV> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> TESLA INC (TSLA) is a large-cap growth stock in the Auto & Truck Manufacturers industry.
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Detailed Analysis of MOVADO GROUP, INC Full Guru Analysis for MOV> Full Factor Report for MOV> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> TESLA INC (TSLA) is a large-cap growth stock in the Auto & Truck Manufacturers industry.
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2021-11-28 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On David Dreman - 11/28/2021
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-david-dreman-11-28-2021
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The following are the top rated Consumer Cyclical stocks according to Validea's Contrarian Investor model based on the published strategy of David Dreman. This contrarian strategy finds the most unpopular mid- and large-cap stocks in the market and looks for improving fundamentals.
ETHAN ALLEN INTERIORS INC. (ETD) is a small-cap value stock in the Furniture & Fixtures industry. The rating according to our strategy based on David Dreman is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ethan Allen Interiors Inc. is an interior design company. The Company is a manufacturer and retailer in the home furnishings marketplace. It is an international home fashion brand that is vertically integrated from design through delivery. The Company operates through two segments: wholesale and retail. It provides complimentary interior design service to clients and sell a wide range of home furnishings through a retail network of approximately 300 design centers in the United States and abroad as well as online at ethanallen.com. The wholesale segment is principally involved in the development of the Ethan Allen brand and encompasses all aspects of design, manufacturing, sourcing, marketing, sale, and distribution of broad range of home furnishings and accents. It operates approximately 141 retail design centers with 136 located in the United States and five in Canada. The Company owns and operates nine manufacturing facilities.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: FAIL
EARNINGS TREND: PASS
EPS GROWTH RATE IN THE IMMEDIATE PAST AND FUTURE: PASS
P/E RATIO: PASS
PRICE/CASH FLOW (P/CF) RATIO: FAIL
PRICE/BOOK (P/B) VALUE: FAIL
PRICE/DIVIDEND (P/D) RATIO: FAIL
CURRENT RATIO: PASS
PAYOUT RATIO: PASS
RETURN ON EQUITY: PASS
PRE-TAX PROFIT MARGINS: PASS
YIELD: PASS
LOOK AT THE TOTAL DEBT/EQUITY: PASS
Detailed Analysis of ETHAN ALLEN INTERIORS INC.
Full Guru Analysis for ETD>
Full Factor Report for ETD>
HONDA MOTOR CO LTD (ADR) (HMC) is a large-cap value stock in the Auto & Truck Manufacturers industry. The rating according to our strategy based on David Dreman is 70% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: HONDA MOTOR CO., LTD. is a Japan-based company principally engaged in the motorcycle business, the automobile business, the financial service business and the power product business. The Company operates in four business segments. The Motorcycle segment provides motorcycles, all-terrain vehicles (ATVs), side-by-side vehicles. The Automobile segment provides automobiles and related parts. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class. Its automobiles use gasoline engines of three, four or six cylinder, diesel engines, gasoline-electric hybrid systems and gasoline-electric plug-in hybrid systems. The Financial Service segment is engaged in the sales financing and leasing. The Power Product segment and Others segment provides power products and related parts.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
EARNINGS TREND: FAIL
EPS GROWTH RATE IN THE IMMEDIATE PAST AND FUTURE: FAIL
P/E RATIO: PASS
PRICE/CASH FLOW (P/CF) RATIO: PASS
PRICE/BOOK (P/B) VALUE: PASS
PRICE/DIVIDEND (P/D) RATIO: FAIL
CURRENT RATIO: FAIL
PAYOUT RATIO: PASS
RETURN ON EQUITY: FAIL
PRE-TAX PROFIT MARGINS: PASS
YIELD: PASS
LOOK AT THE TOTAL DEBT/EQUITY: PASS
Detailed Analysis of HONDA MOTOR CO LTD (ADR)
Full Guru Analysis for HMC>
Full Factor Report for HMC>
HAVERTY FURNITURE COMPANIES, INC. (HVT) is a small-cap value stock in the Furniture & Fixtures industry. The rating according to our strategy based on David Dreman is 69% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Haverty Furniture Companies, Inc. (Havertys) is a retailer of residential furniture and accessories. The Company operates 120 stores serves 84 cities in 16 states with approximately 4.4 million retail square feet. Its stores range in size from approximately 19,000 to 60,000 selling square feet with the average being approximately 35,000 square feet. All of its retail locations are operated using the Havertys name. Havertys 's targeted customers include college educated women in middle to upper-middle income households. The Company offers mattress product lines, such as Tempur-Pedic, Serta and Sealy in addition to its private label Skye. The Company offers its customers various methods to purchase or finance their sales, including financing by third-party finance companies.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: FAIL
EARNINGS TREND: PASS
EPS GROWTH RATE IN THE IMMEDIATE PAST AND FUTURE: PASS
P/E RATIO: PASS
PRICE/CASH FLOW (P/CF) RATIO: PASS
PRICE/BOOK (P/B) VALUE: FAIL
PRICE/DIVIDEND (P/D) RATIO: FAIL
CURRENT RATIO: PASS
PAYOUT RATIO: FAIL
RETURN ON EQUITY: PASS
PRE-TAX PROFIT MARGINS: PASS
YIELD: FAIL
LOOK AT THE TOTAL DEBT/EQUITY: PASS
Detailed Analysis of HAVERTY FURNITURE COMPANIES, INC.
Full Guru Analysis for HVT>
Full Factor Report for HVT>
WHIRLPOOL CORPORATION (WHR) is a large-cap value stock in the Appliance & Tool industry. The rating according to our strategy based on David Dreman is 69% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Whirlpool Corporation is a kitchen and laundry appliance company. The Company's segments include North America; Europe, Middle East and Africa (EMEA); Latin America and Asia. In North America segment, the Company markets and distributes home appliances and other consumer products under the Whirlpool, Maytag, KitchenAid, JennAir, Amana, Roper, Affresh, Swash, everydrop and Gladiator brand names. In the EMEA segment, it markets and distributes its home appliances primarily under the Whirlpool, Hotpoint, Bauknecht, Indesit, Ignis, Maytag and Privileg and KitchenAid brand names. In Latin America segment, it markets and distributes its home appliances and small domestic appliances primarily under the Consul, Brastemp, Whirlpool, KitchenAid, Acros, Maytag and Eslabon de Lujo brand names. In Asia segment, the Company markets and distributes its products in Asia primarily under the Whirlpool, Maytag, KitchenAid, Ariston, Indesit, Bauknecht, Diqua and Royalstar brand names.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
EARNINGS TREND: FAIL
EPS GROWTH RATE IN THE IMMEDIATE PAST AND FUTURE: FAIL
P/E RATIO: PASS
PRICE/CASH FLOW (P/CF) RATIO: PASS
PRICE/BOOK (P/B) VALUE: FAIL
PRICE/DIVIDEND (P/D) RATIO: FAIL
CURRENT RATIO: FAIL
PAYOUT RATIO: PASS
RETURN ON EQUITY: PASS
PRE-TAX PROFIT MARGINS: PASS
YIELD: FAIL
LOOK AT THE TOTAL DEBT/EQUITY: FAIL
Detailed Analysis of WHIRLPOOL CORPORATION
Full Guru Analysis for WHR>
Full Factor Report for WHR>
DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. The rating according to our strategy based on David Dreman is 64% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. The Company operates through six operating segments, the UGG brand segment offers footwear, apparel, and accessories with expanded product offerings. HOKA Brand segment provides footwear and apparel that offers enhanced cushioning and inherent stability with minimal weight. Teva Brand segment is a multi-category modern outdoor lifestyle brand offering a range of casual, and trail lifestyle products. Sanuk Brand segment is a lifestyle brand with a presence in the relaxed casual shoe and sandal categories. Other Brands segment consist of the Koolaburra by UGG brand. The Koolaburra brand is a casual footwear fashion line using sheepskin and other plush materials. The Direct-to-Consumer segment consist of retail stores and e-commerce websites which, in an omni-channel marketplace, are intertwined.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
EARNINGS TREND: PASS
EPS GROWTH RATE IN THE IMMEDIATE PAST AND FUTURE: PASS
P/E RATIO: FAIL
PRICE/CASH FLOW (P/CF) RATIO: FAIL
PRICE/BOOK (P/B) VALUE: FAIL
PRICE/DIVIDEND (P/D) RATIO: FAIL
CURRENT RATIO: PASS
PAYOUT RATIO: PASS
RETURN ON EQUITY: PASS
PRE-TAX PROFIT MARGINS: PASS
YIELD: FAIL
LOOK AT THE TOTAL DEBT/EQUITY: PASS
Detailed Analysis of DECKERS OUTDOOR CORP
Full Guru Analysis for DECK>
Full Factor Report for DECK>
More details on Validea's David Dreman strategy
About David Dreman: Dreman's Kemper-Dreman High Return Fund was one of the best-performing mutual funds ever, ranking as the best of 255 funds in its peer groups from 1988 to 1998, according to Lipper Analytical Services. At the time Dreman published Contrarian Investment Strategies: The Next Generation, the fund had been ranked number one in more time periods than any of the 3,175 funds in Lipper's database. In addition to managing money, Dreman is also a longtime Forbes magazine columnist.
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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Detailed Analysis of WHIRLPOOL CORPORATION Full Guru Analysis for WHR> Full Factor Report for WHR> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> More details on Validea's David Dreman strategy About David Dreman: Dreman's Kemper-Dreman High Return Fund was one of the best-performing mutual funds ever, ranking as the best of 255 funds in its peer groups from 1988 to 1998, according to Lipper Analytical Services.
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Detailed Analysis of WHIRLPOOL CORPORATION Full Guru Analysis for WHR> Full Factor Report for WHR> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> More details on Validea's David Dreman strategy About David Dreman: Dreman's Kemper-Dreman High Return Fund was one of the best-performing mutual funds ever, ranking as the best of 255 funds in its peer groups from 1988 to 1998, according to Lipper Analytical Services. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities.
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Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> More details on Validea's David Dreman strategy About David Dreman: Dreman's Kemper-Dreman High Return Fund was one of the best-performing mutual funds ever, ranking as the best of 255 funds in its peer groups from 1988 to 1998, according to Lipper Analytical Services. Detailed Analysis of WHIRLPOOL CORPORATION Full Guru Analysis for WHR> Full Factor Report for WHR> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities.
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Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> More details on Validea's David Dreman strategy About David Dreman: Dreman's Kemper-Dreman High Return Fund was one of the best-performing mutual funds ever, ranking as the best of 255 funds in its peer groups from 1988 to 1998, according to Lipper Analytical Services. Detailed Analysis of WHIRLPOOL CORPORATION Full Guru Analysis for WHR> Full Factor Report for WHR> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities.
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2021-11-17 00:00:00 UTC
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5 Lucky Stocks Set to Get an ‘Oprah’s Favorite Things’ Boost
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DECK
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https://www.nasdaq.com/articles/5-lucky-stocks-set-to-get-an-oprahs-favorite-things-boost
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The Oprah’s Favorite Things list provides businesses and entrepreneurs a great chance to get some much-needed recognition. Whether it be through product sales or just public relations, this is one way that everyone can win.
Behind the clothes, gadgets and culinary products listed are entities that will get a substantial boost from being one of Oprah’s favorites. A few minutes on her show might mean millions in additional revenue for these firms — which means more money to spread around among investors.
7 Semiconductor Stocks to Buy for the Holiday Tech Rush
Keeping this in mind, here are five stocks that will do well because of Oprah’s ringing endorsement:
Deckers Outdoors (NYSE:DECK)
Starbucks (NASDAQ:SBUX)
Amazon (NASDAQ:AMZN)
Samsung (OTCMKTS:SSNLF)
Philips (NYSE:PHG)
Oprah’s Favorite Things: Deckers Outdoors (DECK)
Source: BalkansCat / Shutterstock
Uggs have been derided for being ugly or just a fad for years. However, Oprah has been a fan of Ugg boots for a long time. She gave them away on her first-ever Favorite Things show. On the latest list, she is very happy with the new Ugg Gertrude coat.
The company behind the product, Deckers Outdoor, is an excellent enterprise. It reported $721.9 million in revenue in its fiscal 2022 second quarter, a year-over-year (YOY) increase of almost 16%. Net income was $102.1 million, up sharply from the year-ago figure of $101.6 million and significantly more than analyst expectations.
Deckers is projecting full-year earnings per share (EPS) in the range of $14.15 to $15.15 per share for fiscal 2022, up from the previous forecast of $14.45 to $15.10 per share.
During the first half of this fiscal year, Deckers experienced a sales jump of 35% over last year. Diluted EPS rose to $5.37 compared to $3.30 in the year-ago period.
Starbucks (SBUX)
SBUX) coffee cup on a counter" width="300" height="169">
Source: Natee Meepian / Shutterstock.com
While its products aren’t included on her Favorite Things list this year, Oprah and Starbucks have a long association with each other. Oprah and her boyfriend, Stedman Graham, love to start their morning with a cup of chai from Starbucks-owned Teavana. She especially enjoys the Maharaja Chai Oolong, which was included in her 2013 Favorite Things list.
In a move to bring more customers into the store, Starbucks announced that it would be partnering with Oprah Winfrey for her Chai tea in 2014. The new flavor was an all-natural herbal blend of Oprah Chai tea and was available for a limited time.
Interestingly, on a personal front, Oprah revealed she goes to grab her Starbucks herself when she was promoting A Wrinkle In Time alongside Reese Witherspoon and Mindy Kaling. A brand like Starbucks is ubiquitous, but that kind of star power does not hurt.
If we talk about the company itself and its fundamentals, Starbucks is not putting a foot wrong at the moment. It recently reported a fiscal fourth-quarter net income of $1.76 billion, or 1.49 per share. That’s up significantly from $392 million, or 33 cents per share, in the year-ago period.
7 Stocks to Buy With Stacks of Free Cash Flow
Investors need to keep an eye on disappointing sales growth in China and increasing costs. It will take a couple of quarters for all these issues to clear up. In the meantime, keep SBUX stock on your radar.
Oprah’s Favorite Things: Amazon (AMZN)
Source: Jonathan Weiss / Shutterstock.com
Amazon has featured heavily in Oprah’s Favorite Things list in the past. This year, its Echo Show 10 made an appearance.
Not only that, but Oprah is an avid book reader. The billionaire entrepreneur is also known for Oprah’s Book Club, which is similar to her annual gift list.
In past iterations of her iconic lists, she has included the Kindle as one of her favorite items. In addition, you can purchase What Happened to You?, a book by Bruce D. Perry and Oprah Winfrey, alongside all of Oprah’s Favorite Things on Amazon.
For Amazon, the endorsement does not hurt, especially in a year of new beginnings. Jeff Bezos announced he would be handing over the reins of Amazon to his long-time lieutenant, Andy Jassy. He is now focusing on Blue Origin, his space exploration company. Stockholders will miss Bezos at the helm, considering his success in transforming Amazon into the juggernaut that it is today.
Much like every other company out there, AMZN is also suffering from global supply chain issues. However, because of the cash at its disposal and its strong history, it continues to be a thoroughbred among tech stocks.
Samsung (SSNLF)
SSNLF) office logo on a building" width="300" height="169">
Source: JPstock / Shutterstock.com
Samsung’s products are often on Oprah’s radar. The Terrace outdoor television made it onto Oprah’s holiday gift list last year. It offers all of the benefits of Samsung’s QLED 4K line while being resistant to bad weather conditions.
In prior editions of the list, the Galaxy Gear smartwatch and Galaxy Note 3 featured prominently.
Samsung’s recovery from the pandemic has been astounding. The company was rocked by the economic crisis in 2020, but it rose to new heights with record revenue for three consecutive quarters. It reported a record 73.98 trillion South Korean Won, or approximately $63 billion, in sales for Q3.
Despite the global chip shortage, Samsung’s memory products are still in high demand. Due to shifts toward hybrid work, people will continue to buy more solid-state drives (SSDs) and random access memory (RAM) chips for their servers.
7 Best Cryptocurrencies That Could Hit New Highs Soon
Even as raw material costs rise consistently, Samsung has maintained high profits. Logistics hikes cut into its consumer electronics division through higher pricing for memory chips.
Oprah’s Favorite Things: Philips (PHG)
Source: JPstock / Shutterstock.com
Two Phillips products made it onto this year’s list: the Philips Pasta Maker Plus and Philips One Rechargeable Toothbrush by Sonicare.
It is not often that you find two products from a brand on Oprah’s list. This ringing endorsement from one of the foremost celebrities of America is a stellar achievement for Philips.
It’s a much-needed boost for investors, who are reeling from the recent earnings report. Philips reported a notable rise in net profit for the third quarter but sustained an unexpected decline in sales.
The Dutch medical-technology group attributed this to supply chain issues and longer lead times. Considering these problems, Philips had to revise its earnings outlook. CEO Frans van Houten believes supply chain issues will now cost 200 million Euros in lost revenue, up sequentially from 150 million Euros.
Nonetheless, Philips is a fantastic stock. The company has seen significant growth in recent years, meaning the recent struggles are an excellent opportunity for you to purchase its shares.
On the publication date, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio. Faizan does not directly own the securities mentioned above.
The post 5 Lucky Stocks Set to Get an ‘Oprah’s Favorite Things’ Boost appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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7 Semiconductor Stocks to Buy for the Holiday Tech Rush Keeping this in mind, here are five stocks that will do well because of Oprah’s ringing endorsement: Deckers Outdoors (NYSE:DECK) Starbucks (NASDAQ:SBUX) Amazon (NASDAQ:AMZN) Samsung (OTCMKTS:SSNLF) Philips (NYSE:PHG) Oprah’s Favorite Things: Deckers Outdoors (DECK) Source: BalkansCat / Shutterstock Uggs have been derided for being ugly or just a fad for years. The company behind the product, Deckers Outdoor, is an excellent enterprise. Deckers is projecting full-year earnings per share (EPS) in the range of $14.15 to $15.15 per share for fiscal 2022, up from the previous forecast of $14.45 to $15.10 per share.
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7 Semiconductor Stocks to Buy for the Holiday Tech Rush Keeping this in mind, here are five stocks that will do well because of Oprah’s ringing endorsement: Deckers Outdoors (NYSE:DECK) Starbucks (NASDAQ:SBUX) Amazon (NASDAQ:AMZN) Samsung (OTCMKTS:SSNLF) Philips (NYSE:PHG) Oprah’s Favorite Things: Deckers Outdoors (DECK) Source: BalkansCat / Shutterstock Uggs have been derided for being ugly or just a fad for years. The company behind the product, Deckers Outdoor, is an excellent enterprise. Deckers is projecting full-year earnings per share (EPS) in the range of $14.15 to $15.15 per share for fiscal 2022, up from the previous forecast of $14.45 to $15.10 per share.
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7 Semiconductor Stocks to Buy for the Holiday Tech Rush Keeping this in mind, here are five stocks that will do well because of Oprah’s ringing endorsement: Deckers Outdoors (NYSE:DECK) Starbucks (NASDAQ:SBUX) Amazon (NASDAQ:AMZN) Samsung (OTCMKTS:SSNLF) Philips (NYSE:PHG) Oprah’s Favorite Things: Deckers Outdoors (DECK) Source: BalkansCat / Shutterstock Uggs have been derided for being ugly or just a fad for years. The company behind the product, Deckers Outdoor, is an excellent enterprise. Deckers is projecting full-year earnings per share (EPS) in the range of $14.15 to $15.15 per share for fiscal 2022, up from the previous forecast of $14.45 to $15.10 per share.
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7 Semiconductor Stocks to Buy for the Holiday Tech Rush Keeping this in mind, here are five stocks that will do well because of Oprah’s ringing endorsement: Deckers Outdoors (NYSE:DECK) Starbucks (NASDAQ:SBUX) Amazon (NASDAQ:AMZN) Samsung (OTCMKTS:SSNLF) Philips (NYSE:PHG) Oprah’s Favorite Things: Deckers Outdoors (DECK) Source: BalkansCat / Shutterstock Uggs have been derided for being ugly or just a fad for years. The company behind the product, Deckers Outdoor, is an excellent enterprise. Deckers is projecting full-year earnings per share (EPS) in the range of $14.15 to $15.15 per share for fiscal 2022, up from the previous forecast of $14.45 to $15.10 per share.
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724071.0
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2021-11-02 00:00:00 UTC
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Deckers Outdoor's (NYSE:DECK) five-year earnings growth trails the 51% YoY shareholder returns
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DECK
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https://www.nasdaq.com/articles/deckers-outdoors-nyse%3Adeck-five-year-earnings-growth-trails-the-51-yoy-shareholder-returns
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Buying shares in the best businesses can build meaningful wealth for you and your family. While the best companies are hard to find, but they can generate massive returns over long periods. Don't believe it? Then look at the Deckers Outdoor Corporation (NYSE:DECK) share price. It's 672% higher than it was five years ago. And this is just one example of the epic gains achieved by some long term investors. It's also up 13% in about a month. But the price may well have benefitted from a buoyant market, since stocks have gained 6.2% in the last thirty days. It really delights us to see such great share price performance for investors.
Since the stock has added US$705m to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns.
To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
During five years of share price growth, Deckers Outdoor achieved compound earnings per share (EPS) growth of 35% per year. This EPS growth is lower than the 51% average annual increase in the share price. This suggests that market participants hold the company in higher regard, these days. And that's hardly shocking given the track record of growth.
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
NYSE:DECK Earnings Per Share Growth November 2nd 2021
It is of course excellent to see how Deckers Outdoor has grown profits over the years, but the future is more important for shareholders. You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.
A Different Perspective
It's good to see that Deckers Outdoor has rewarded shareholders with a total shareholder return of 61% in the last twelve months. That gain is better than the annual TSR over five years, which is 51%. Therefore it seems like sentiment around the company has been positive lately. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For example, we've discovered 1 warning sign for Deckers Outdoor that you should be aware of before investing here.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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NYSE:DECK Earnings Per Share Growth November 2nd 2021 It is of course excellent to see how Deckers Outdoor has grown profits over the years, but the future is more important for shareholders. Then look at the Deckers Outdoor Corporation (NYSE:DECK) share price. During five years of share price growth, Deckers Outdoor achieved compound earnings per share (EPS) growth of 35% per year.
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Then look at the Deckers Outdoor Corporation (NYSE:DECK) share price. During five years of share price growth, Deckers Outdoor achieved compound earnings per share (EPS) growth of 35% per year. NYSE:DECK Earnings Per Share Growth November 2nd 2021 It is of course excellent to see how Deckers Outdoor has grown profits over the years, but the future is more important for shareholders.
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During five years of share price growth, Deckers Outdoor achieved compound earnings per share (EPS) growth of 35% per year. Then look at the Deckers Outdoor Corporation (NYSE:DECK) share price. NYSE:DECK Earnings Per Share Growth November 2nd 2021 It is of course excellent to see how Deckers Outdoor has grown profits over the years, but the future is more important for shareholders.
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During five years of share price growth, Deckers Outdoor achieved compound earnings per share (EPS) growth of 35% per year. Then look at the Deckers Outdoor Corporation (NYSE:DECK) share price. NYSE:DECK Earnings Per Share Growth November 2nd 2021 It is of course excellent to see how Deckers Outdoor has grown profits over the years, but the future is more important for shareholders.
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724072.0
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2021-10-31 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On David Dreman - 10/31/2021
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-david-dreman-10-31-2021-2021-10-31
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The following are the top rated Consumer Cyclical stocks according to Validea's Contrarian Investor model based on the published strategy of David Dreman. This contrarian strategy finds the most unpopular mid- and large-cap stocks in the market and looks for improving fundamentals.
HAVERTY FURNITURE COMPANIES, INC. (HVT) is a small-cap value stock in the Furniture & Fixtures industry. The rating according to our strategy based on David Dreman is 69% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Haverty Furniture Companies, Inc. (Havertys) is a retailer of residential furniture and accessories. The Company operates 120 stores serves 84 cities in 16 states with approximately 4.4 million retail square feet. Its stores range in size from approximately 19,000 to 60,000 selling square feet with the average being approximately 35,000 square feet. All of its retail locations are operated using the Havertys name. Havertys 's targeted customers include college educated women in middle to upper-middle income households. The Company offers mattress product lines, such as Tempur-Pedic, Serta and Sealy in addition to its private label Skye. The Company offers its customers various methods to purchase or finance their sales, including financing by third-party finance companies.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: FAIL
EARNINGS TREND: PASS
EPS GROWTH RATE IN THE IMMEDIATE PAST AND FUTURE: PASS
P/E RATIO: PASS
PRICE/CASH FLOW (P/CF) RATIO: PASS
PRICE/BOOK (P/B) VALUE: FAIL
PRICE/DIVIDEND (P/D) RATIO: FAIL
CURRENT RATIO: PASS
PAYOUT RATIO: FAIL
RETURN ON EQUITY: PASS
PRE-TAX PROFIT MARGINS: PASS
YIELD: FAIL
LOOK AT THE TOTAL DEBT/EQUITY: PASS
Detailed Analysis of HAVERTY FURNITURE COMPANIES, INC.
Full Guru Analysis for HVT>
Full Factor Report for HVT>
WHIRLPOOL CORPORATION (WHR) is a large-cap value stock in the Appliance & Tool industry. The rating according to our strategy based on David Dreman is 69% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Whirlpool Corporation is a kitchen and laundry appliance company. The Company's segments include North America; Europe, Middle East and Africa (EMEA); Latin America and Asia. In North America segment, the Company markets and distributes home appliances and other consumer products under the Whirlpool, Maytag, KitchenAid, JennAir, Amana, Roper, Affresh, Swash, everydrop and Gladiator brand names. In the EMEA segment, it markets and distributes its home appliances primarily under the Whirlpool, Hotpoint, Bauknecht, Indesit, Ignis, Maytag and Privileg and KitchenAid brand names. In Latin America segment, it markets and distributes its home appliances and small domestic appliances primarily under the Consul, Brastemp, Whirlpool, KitchenAid, Acros, Maytag and Eslabon de Lujo brand names. In Asia segment, the Company markets and distributes its products in Asia primarily under the Whirlpool, Maytag, KitchenAid, Ariston, Indesit, Bauknecht, Diqua and Royalstar brand names.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
EARNINGS TREND: FAIL
EPS GROWTH RATE IN THE IMMEDIATE PAST AND FUTURE: FAIL
P/E RATIO: PASS
PRICE/CASH FLOW (P/CF) RATIO: PASS
PRICE/BOOK (P/B) VALUE: FAIL
PRICE/DIVIDEND (P/D) RATIO: FAIL
CURRENT RATIO: FAIL
PAYOUT RATIO: PASS
RETURN ON EQUITY: PASS
PRE-TAX PROFIT MARGINS: PASS
YIELD: FAIL
LOOK AT THE TOTAL DEBT/EQUITY: FAIL
Detailed Analysis of WHIRLPOOL CORPORATION
Full Guru Analysis for WHR>
Full Factor Report for WHR>
DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. The rating according to our strategy based on David Dreman is 64% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. The Company operates through six operating segments, the UGG brand segment offers footwear, apparel, and accessories with expanded product offerings. HOKA Brand segment provides footwear and apparel that offers enhanced cushioning and inherent stability with minimal weight. Teva Brand segment is a multi-category modern outdoor lifestyle brand offering a range of casual, and trail lifestyle products. Sanuk Brand segment is a lifestyle brand with a presence in the relaxed casual shoe and sandal categories. Other Brands segment consist of the Koolaburra by UGG brand. The Koolaburra brand is a casual footwear fashion line using sheepskin and other plush materials. The Direct-to-Consumer segment consist of retail stores and e-commerce websites which, in an omni-channel marketplace, are intertwined.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
EARNINGS TREND: PASS
EPS GROWTH RATE IN THE IMMEDIATE PAST AND FUTURE: PASS
P/E RATIO: FAIL
PRICE/CASH FLOW (P/CF) RATIO: FAIL
PRICE/BOOK (P/B) VALUE: FAIL
PRICE/DIVIDEND (P/D) RATIO: FAIL
CURRENT RATIO: PASS
PAYOUT RATIO: PASS
RETURN ON EQUITY: PASS
PRE-TAX PROFIT MARGINS: PASS
YIELD: FAIL
LOOK AT THE TOTAL DEBT/EQUITY: PASS
Detailed Analysis of DECKERS OUTDOOR CORP
Full Guru Analysis for DECK>
Full Factor Report for DECK>
ETHAN ALLEN INTERIORS INC. (ETD) is a small-cap value stock in the Furniture & Fixtures industry. The rating according to our strategy based on David Dreman is 64% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ethan Allen Interiors Inc. is an interior design company. The Company is a manufacturer and retailer in the home furnishings marketplace. It is an international home fashion brand that is vertically integrated from design through delivery. The Company operates through two segments: wholesale and retail. It provides complimentary interior design service to clients and sell a wide range of home furnishings through a retail network of approximately 300 design centers in the United States and abroad as well as online at ethanallen.com. The wholesale segment is principally involved in the development of the Ethan Allen brand and encompasses all aspects of design, manufacturing, sourcing, marketing, sale, and distribution of broad range of home furnishings and accents. It operates approximately 141 retail design centers with 136 located in the United States and five in Canada. The Company owns and operates nine manufacturing facilities.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: FAIL
EARNINGS TREND: PASS
EPS GROWTH RATE IN THE IMMEDIATE PAST AND FUTURE: PASS
P/E RATIO: PASS
PRICE/CASH FLOW (P/CF) RATIO: FAIL
PRICE/BOOK (P/B) VALUE: FAIL
PRICE/DIVIDEND (P/D) RATIO: FAIL
CURRENT RATIO: FAIL
PAYOUT RATIO: PASS
RETURN ON EQUITY: PASS
PRE-TAX PROFIT MARGINS: PASS
YIELD: PASS
LOOK AT THE TOTAL DEBT/EQUITY: PASS
Detailed Analysis of ETHAN ALLEN INTERIORS INC.
Full Guru Analysis for ETD>
Full Factor Report for ETD>
FOX FACTORY HOLDING CORP (FOXF) is a mid-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on David Dreman is 64% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Fox Factory Holding Corp. is a designer, manufacturer and marketer of performance-defining products and systems. The Company's performance-defining products and systems are used primarily on bicycles, side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, motorcycles and commercial trucks. Its brands include FOX, FOX RACING SHOX and RACE FACE. Its products include 32, 34 and 36 Factory Series FLOAT FIT4, which reduces overall fork weight, provides external adjustability with its fourth-generation FOX Isolated Technology (FIT) closed-cartridge damper, and includes the self-adjusting negative chamber air spring for quieter operation and ease of adjustment. X2 technology is used in its Factory Series FLOAT and DH rear shocks, which allows the rider to independently tune high- and low-speed compression and high- and low-speed rebound.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
EARNINGS TREND: PASS
EPS GROWTH RATE IN THE IMMEDIATE PAST AND FUTURE: PASS
P/E RATIO: FAIL
PRICE/CASH FLOW (P/CF) RATIO: FAIL
PRICE/BOOK (P/B) VALUE: FAIL
PRICE/DIVIDEND (P/D) RATIO: FAIL
CURRENT RATIO: PASS
PAYOUT RATIO: PASS
RETURN ON EQUITY: PASS
PRE-TAX PROFIT MARGINS: PASS
YIELD: FAIL
LOOK AT THE TOTAL DEBT/EQUITY: PASS
Detailed Analysis of FOX FACTORY HOLDING CORP
Full Guru Analysis for FOXF>
Full Factor Report for FOXF>
More details on Validea's David Dreman strategy
About David Dreman: Dreman's Kemper-Dreman High Return Fund was one of the best-performing mutual funds ever, ranking as the best of 255 funds in its peer groups from 1988 to 1998, according to Lipper Analytical Services. At the time Dreman published Contrarian Investment Strategies: The Next Generation, the fund had been ranked number one in more time periods than any of the 3,175 funds in Lipper's database. In addition to managing money, Dreman is also a longtime Forbes magazine columnist.
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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Detailed Analysis of WHIRLPOOL CORPORATION Full Guru Analysis for WHR> Full Factor Report for WHR> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> ETHAN ALLEN INTERIORS INC. (ETD) is a small-cap value stock in the Furniture & Fixtures industry.
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Detailed Analysis of WHIRLPOOL CORPORATION Full Guru Analysis for WHR> Full Factor Report for WHR> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> ETHAN ALLEN INTERIORS INC. (ETD) is a small-cap value stock in the Furniture & Fixtures industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities.
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Detailed Analysis of WHIRLPOOL CORPORATION Full Guru Analysis for WHR> Full Factor Report for WHR> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> ETHAN ALLEN INTERIORS INC. (ETD) is a small-cap value stock in the Furniture & Fixtures industry.
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Detailed Analysis of WHIRLPOOL CORPORATION Full Guru Analysis for WHR> Full Factor Report for WHR> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> ETHAN ALLEN INTERIORS INC. (ETD) is a small-cap value stock in the Furniture & Fixtures industry.
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724073.0
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2021-10-29 00:00:00 UTC
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Deckers Brands Q2 Results Miss Estimates; Issues Guidance
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DECK
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https://www.nasdaq.com/articles/deckers-brands-q2-results-miss-estimates-issues-guidance-2021-10-29
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Deckers Outdoor (DECK) delivered Fiscal Q2 2022 results that fell short of Wall Street expectations. Revenue and earnings missed estimates as the company had to contend with supply-chain challenges. Management has updated the financial outlook for the full fiscal year 2022. DECK shares rose 1.07% to close at $380.35 on October 28.
Deckers Outdoor designs, manufacture, and sells innovative footwear, apparel, and accessories worldwide. It offers products for both casual lifestyle use and high-performance activities.
Net sales were up 15.8% year-over-year to $721.9 million, missing consensus estimates of $765.91 million. Diluted EPS came in at $3.66 compared to $3.58 delivered in the same quarter last year. However, it missed consensus estimates of $4.01 a share.
During the quarter, Deckers Outdoor repurchased 133,000 shares of common stock for $53.8 million. The company had $674.7 million remaining under its stock repurchase authorization as of the end of Q2. (See Top Smart Score Stocks on TipRanks)
According to CEO Dave Powers, Deckers Outdoor registered first-half growth compared to the prior year, which affirms that the HOKA brand is gaining traction amid the UGG brand's evolution. According to the executive, the company remains well-positioned to navigate the dynamic environment disrupted by supply-chain challenges.
Net sales for full-year Fiscal 2022 are expected to range between $3.01 billion and $3.06 billion, with a gross margin of 51.5%. Diluted EPS is expected to range between $14.15 and $15.15.
Meanwhile, Jefferies analyst Janie Stichter recently reiterated a Buy rating on the stock with a $475 price target, implying 24.88% upside potential to current levels. The Buy rating stems from Stella International, a key supplier, stating that Deckers’ factories operated normally during Q3 without any shutdowns.
Consensus among analysts is a Strong Buy based on 10 Buys and 2 Holds. The average Deckers Outdoor price target of $476.08 implies 25.17% upside potential to current levels.
Related News:
Apple Drops 3.5% as Q4 Revenues Disappoint, Supply Crunch Hurts
Spotify Delivers Solid Q3 Results; Updates Guidance
Coca-Cola Q3 Results Top Estimates; Updates Guidance
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 Buy rating stems from Stella International, a key supplier, stating that Deckers’ factories operated normally during Q3 without any shutdowns. Deckers Outdoor (DECK) delivered Fiscal Q2 2022 results that fell short of Wall Street expectations. DECK shares rose 1.07% to close at $380.35 on October 28.
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The average Deckers Outdoor price target of $476.08 implies 25.17% upside potential to current levels. Deckers Outdoor (DECK) delivered Fiscal Q2 2022 results that fell short of Wall Street expectations. DECK shares rose 1.07% to close at $380.35 on October 28.
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During the quarter, Deckers Outdoor repurchased 133,000 shares of common stock for $53.8 million. (See Top Smart Score Stocks on TipRanks) According to CEO Dave Powers, Deckers Outdoor registered first-half growth compared to the prior year, which affirms that the HOKA brand is gaining traction amid the UGG brand's evolution. Deckers Outdoor (DECK) delivered Fiscal Q2 2022 results that fell short of Wall Street expectations.
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Deckers Outdoor (DECK) delivered Fiscal Q2 2022 results that fell short of Wall Street expectations. DECK shares rose 1.07% to close at $380.35 on October 28. Deckers Outdoor designs, manufacture, and sells innovative footwear, apparel, and accessories worldwide.
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724074.0
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2021-10-28 00:00:00 UTC
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Deckers Outdoor Corporation (DECK) Q2 2022 Earnings Call Transcript
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corporation-deck-q2-2022-earnings-call-transcript-2021-10-29
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Image source: The Motley Fool.
Deckers Outdoor Corporation (NYSE: DECK)
Q2 2022 Earnings Call
Oct 28, 2021, 4:30 p.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good afternoon, and thank you for standing by. Welcome to the Deckers Brands Second Quarter Fiscal 2022 Earnings Conference Call. [Operator Instructions] I would like to remind everyone that this conference call is being recorded. I will now turn the call over to Erinn Kohler, Vice President of Investor Relations and Corporate Planning. Please go ahead.
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Erinn Kohler -- Vice President of Investor Relations & Corporate Planning
Hello, and thank you, everyone, for joining us today. On the call is Dave Powers, President and Chief Executive Officer; and Steve Fasching, Chief Financial Officer. Before we begin, I would like to remind everyone of the company's safe harbor policy. Please note that certain statements made on this call are forward-looking statements within the meaning of the federal securities laws, which are subject to considerable risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements made on this call today, other than statements of historical fact are forward-looking statements and include statements regarding changes in consumer behavior, strength of our brands and demand for our products; changes to our product allocation, segmentation and distribution strategies; changes to our marketing plans and strategies; changes to our capital allocation strategies; the impact of the COVID-19 pandemic on our business; our anticipated revenues, brand performance, product mix, gross margins, expenses and liquidity position and our potential repurchase of shares.
Forward-looking statements made on this call represent management's current expectations and are based on information available at the time such statements are made. Forward-looking statements involves numerous known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from any results predicted, assumed or implied by the forward-looking statements. The company has explained some of these risks and uncertainties in its SEC filings, including in the Risk Factors section of its annual report on Form 10-K and quarterly reports on Form 10-Q. Except as required by law or the listing rules of the New York Stock Exchange, the company expressly disclaims any intent or obligation to update any forward-looking statements. With that, I'll now turn it over to Dave.
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
Thanks, Erinn. Good afternoon, everyone, and thank you for joining today's call. Deckers delivered another quarter of strong top line growth, made further progress toward key strategies and continued investing to support long-term growth opportunities. Second quarter revenue of $722 million represents an increase of 16% versus the prior year and 33% over the second quarter two years ago. Steve will provide additional second quarter context later in the call. But for now, I'd like to highlight the strength of our first half as we build toward delivering an exceptional fiscal year 2022. Six months into this fiscal year, Deckers has driven revenue growth of 35% over last year and earnings per share of $5.37 compared to $3.30 in the previous year. Performance in the first half exemplified the execution of key strategies as HOKA achieved exceptional global growth, delivering back-to-back quarters [above] $200 million, contributing 35% of total revenue up from 28% last year. And UGG continued to diversify its product portfolio, growing double digits across men's, kid's and noncore women's footwear as well as apparel and accessories further establishing itself as a globally relevant lifestyle brand. The increasing global footprint of HOKA as well as the UGG brand's expansion beyond women's footwear are driving factors of Decker's evolution to a portfolio of powerful lifestyle brands. While we are building toward a bright future, Deckers is not immune to growing pains and global logistics pressures. Like everyone else, we have been experiencing logistics bottlenecks that have led to large volumes of our product in transit as of September 30, but currently view ourselves as less vulnerable than others due to our lower exposure to Southern Vietnam factory production. Our bottlenecks are largely related to import congestion, which has primarily affected the UGG brand as the second quarter historically represents peak levels of fall product arriving from overseas factories. While we successfully shifted more UGG shipments into the first half in response to anticipated logistic issues, we experienced significant delays in containers being processed and released at the ports during the second quarter. We are working diligently with our logistics partners to process these shipments and will continue to do so. Steve will provide more details on the global logistical challenges we're experiencing and the actions we've taken to mitigate our risks later in the call.
As we navigate through these challenges, we will leverage our omnichannel organization to ensure our brands are getting in front of target consumers with every opportunity to gain a share of closet with the prioritization of high-quality full-price sales. Moving to the brand highlights. Global UGG second quarter revenue increased 8% versus last year to $448 million. Performance was driven by the brand's diversified product assortment, reflecting a growing penetration of men's, kids and noncore women's footwear as well as growth in apparel and accessories. Direct-to-consumer mix remains well above pre-pandemic levels. However, the second quarter still primarily reflected fall product sell-in to UGG wholesale accounts. As you may recall, sell-through of UGG product during last year's fall season was robust, which resulted in depleted marketplace inventories. This provided the opportunity for UGG to leverage its marketplace management strategy and reset wholesale inventories with its most diverse product assortment to date.
One of the key drivers of UGG product diversification and acquisition of new and consumers has been the brand's Fluff franchise. Fluff has been a leading element of brand diversification in the U.S. over the past few years. The UGG product team has continued to infuse excitement and newness into the franchise with additional fun colors and patterns of the original Fluff Yeah, which remained the #1 DTC acquisition style in Q2 and new outdoor versions such as the Oh Fluffita and Disco Slide. We're excited to see the franchise begin to resonate internationally as well with over 40% of franchise growth being generated outside of the U.S. in the second quarter. Another area of strength this year has been men's footwear, which increased revenue north of 20% in the second quarter. We have been encouraged by the steady increase in consumer adoption of the men's product line as we invest to build awareness and consideration among male consumers. Development of the UGG men's business is most prevalent in the U.S. where the brand continues to drive record high levels of consideration among 18- to 34-year-olds with popular products such as the Tasman, logo versions of the scuff and colorful versions of the [Indecipherable]. The Tasman, in particular, with its hybrid slipper sneaker attributes is evolving into a very popular style, experiencing considerable growth and helping to make UGG brand for the whole family. During the second quarter, the Tasman was a top five style with newly acquired male and female consumers. With its increased adoption and relevance among younger consumers, the UGG team introduced a companion style to the Tasman known as the TAS. As a platform version of the Tasman, the TAS is already gaining the attention of consumers and was recently pictured on several high-profile models attending New York Fashion Week. Beyond footwear, the UGG brand is entering its second fall season with an expanded ready-to-wear apparel collection. The team has done a fantastic job designing an apparel assortment featuring cozy fleece, sherpa, full fur and shearling wardrobe items at compelling price points that offer value to the UGG consumer.
In support of our commitment to building the lifestyle [appeal of UGG], this September, the brand launched its first-ever apparel dedicated marketing campaign and influencer program to drive category awareness. The campaign has already generated over 500 million press impressions, including coverage on Vogue and in Style. In addition to the brand's strategic category marketing investments, UGG is expecting to further enhance its apparel and accessories relevance with the second and third product drops of the Telfar collaboration. These upcoming product drops feature hats, hoodies, robes, and other exciting products. These items will be featured online as well as at Selfridges pop-up shop in the United Kingdom, which speaks to the UGG brand's successful repositioning and increased adoption in Europe as well as greater acceptance of UGG as the head-to-toe brand. UGG is making great headway attracting new consumers in EMEA as just under half of the brand's second quarter online purchases were new to the brand. Key styles driving consumer acquisition in the region with a Classic Mini, Classic Clear and the Men's Ascot. Moving on to China, I'm pleased to report that UGG is making excellent progress as the region posted the highest growth rate across the globe during the second quarter. Beyond significant revenue growth, UGG is experiencing success on a number of fronts in China, including launching a second regional specific collaboration with designer Feng Chen Wang, which is helping UGG reconnect with the Chinese fashion consumer, using a broader and more inclusive community of influencers to create a greater frequency of consumer touch points, building the DTC business by driving increased traffic and conversion at stores and generating consumer excitement with bold new product offerings, including key styles, such as the Classic Clear, Ultra Mini and the Oh Fluffita.
Looking toward the second half of fiscal 2022 for UGG, we expect to drive sell-through of the brand's diversified product assortment, both with our wholesale partners and through our direct-to-consumer channels. We have confidence in the continued strong demand for the UGG brand and are actively working to mitigate macro supply chain challenges to deliver peak holiday season sales. Lastly, on the UGG front, you may have seen a recent release that UGG brand President, Andrea O'Donnell, left the company to pursue a tremendous career opportunity, and we wish her all the best. Fortunately, we have a strong UGG team in place which was recently bolstered by the addition of two vice presidents that will be leading the marketing and women's product teams. While we identify a new permanent leader for the brand, I'm excited to be overseeing the talented UGG team and build on their establishment of UGG as a global leading lifestyle brand that creates bold, exciting and luxurious products for passionate consumers. Shifting to HOKA. Global revenue in the second quarter increased 47% versus last year to $210 million. The HOKA ecosystem continues to experience exceptionally balanced growth across the brand's global points of distribution and portfolio of products. HOKA has maintained a strategic and thoughtful approach to distribution management. Our goal is to build an audience of consumers through authentic performance-driven product innovation, emotionally connected inclusive marketing and a premium consumer experience across all the brand's access points. The brand continues its highly selective approach to distribution expansion and remains focused on building market share through avenues that have the resources to educate consumers on the benefits and differentiators of HOKA. With that in mind and a focus on increasing brand awareness in key markets, HOKA recently opened pop-up retail stores in New York and Los Angeles as well as the brand's first owned and operated stores in China. The HOKA retail strategy is in the infancy stage. The brand is testing multiple strategies and learning from our results and feedback to provide the ultimate consumer experience, which currently features community events and workshops designed to bring HOKA consumers together. Though too soon to make any definitive statements on HOKA stores, we have been very pleased with the initial response from our foot traffic, sales and service perspective. HOKA is already benefiting from Decker's organizational retail expertise developed in connection with the UGG brand. This wealth of experience is proving valuable in the early days of establishing HOKA store operations and highlighting the synergies gained by operating a portfolio of brands.
Once we land on the optimum consumer experience and concept for HOKA stores, we'll look to open additional locations in China first to serve that monobrand market and then begin exploring longer-term opportunities in North America and Europe. A key piece of our long-term retail strategy is the development of a compelling apparel product line that can provide a broader consumer experience at our HOKA stores. Conversion to apparel purchasing is proving to be more successful in our stores than online, as HOKA has sold a higher percentage of apparel at retail compared to e-commerce since the stores have opened. While we are still very early in developing the HOKA apparel strategy and product line, we are actively building an exceptional team to support this phenomenal brand's long-term opportunities. So stay tuned. On the digital front, HOKA was able to grow its consumer audience through a 97% increase in global acquisition online during the quarter. The brand has been prioritizing digital marketing avenues that target 18- to 34-year-old consumers. As a result, HOKA DTC acquisition significantly overindexes toward these younger consumers. We are pleased to see that the younger consumers are adopting the HOKA brand, both through its heritage Clifton and Bondi styles as well as through newer styles aimed at the demographics such as the Mach four and the Rincon 3. From an international perspective, DTC remains a much smaller proportion of the business, but HOKA is scaling its DTC mix very quickly as DTC growth is significantly outpacing wholesale. Considerable gains in consumer acquisition and retention in the U.K. and Germany, two of the HOKA brand's key focus markets are driving the exceptional growth rate of EMEA DTC. The EMEA region continues to be the HOKA brand's largest international region. Worldwide, HOKA is gaining momentum. And through the first half of this year, every global region has posted double-digit growth as compared to last year. I also want to highlight the HOKA brand's recent announcement of a multiyear sponsorship for the UTMB World Series. The Ultra-Trail du Mont-Blanc, or UTMB, for short, is the world's ultimate running trail circuit, which includes over 20 events on six continents in 2022. Sponsoring the UTMB as the premier technical footwear and apparel partner is a big marketing and promotional opportunity for HOKA. We will leverage this partnership to build awareness of the brand's globally relevant performance-driven products. A big thank you to the HOKA marketing team for making this sponsorship a reality. Heading into the final months of 2021, the HOKA team has been reviewing consumer insights, market research and product launch calendar for spring '22 and input cost pressures to determine if there are strategic actions we can take to navigate this dynamic environment.
As we've done with our other brands, HOKA has identified specific products for which there is opportunity to increase price to better align with competitive offerings, partially offset macro input cost pressures and maintain the brand's premium positioning and relative margin strength versus peers. The HOKA team also continues to review planned product launch dates, and we'll make strategic adjustments to ensure a healthy full price sell-through of existing and future models, just as the brand has done in the past. HOKA is well positioned to gain greater market share globally as the brand expands consumer awareness through strategic marketing activations, including event sponsorships, pop-up retail, digital targeting and forthcoming brand campaigns. Congratulations to the entire HOKA team on another stellar quarter. We look forward to continued brand execution for the second half of fiscal year 2022 and beyond as HOKA builds to a multibillion-dollar leader in the performance lifestyle space. With respect to channel performance in the second quarter, global wholesale revenue increased 21% versus prior year and plus 23% versus two years ago. Wholesale comparisons continue to be unique as we're lapping some disruption in the prior year and currently facing macro logistics pressures and bottlenecks that have altered shipment timing as compared to historical patterns. UGG and HOKA drove wholesale growth as UGG is refilling depleted marketplace inventories while gaining incremental volume in new categories and HOKA continues to gain market share globally. From a direct-to-consumer standpoint, global revenue increased 3% versus last year and plus 79% versus two years ago. HOKA drove the majority of DTC growth as UGG remained pressured by exceptional demand last year that resulted from pandemic tailwinds benefiting the brand online. While UGG DTC declined as compared to last year, the brand is still plus 37% above pre-pandemic second quarter DTC volume. HOKA DTC increased 81% versus last year, which is on top of the prior year's triple-digit increase, reflecting the brand's consumer acquisition gains and greater repeat purchasing from existing consumers. Before handing off to Steve, I want to take a moment to recognize our company, brands and employees' recent activities on the sustainability, ESG and DEI fronts, which we believe are a positive contributor to our company culture, local communities and consumer passions for our brand.
A few key highlights from our recent achievements include: UGG introducing its Icon-Impact Collection, which was thoughtfully designed using low-impact materials in combination with offsets to make the collection carbon neutral; Teva launching the ReEmber collection that features 100% recycled ripstop upper material. All of our brands reducing their per repair emissions in fiscal year 2021 as compared to fiscal year 2020 and our employees around the globe participating in another Art of Kindness Week, during which we collectively donated over 4,300 hours contributing to 317 organizations around the world. A big thanks to our employees for their continued dedication to giving back. Additionally, I'm excited to announce that our 2021 corporate responsibility report will be released next week. The report contains a great deal of information on Decker's corporate social responsibility journey, including the filing and approval of science-based targets and the setting of robust carbon reduction targets. I'd encourage you all to take a look as this report highlights the passion and commitment of our company and our employees to do good and do great. With that, I'll hand the call over to Steve to provide further details on our second quarter financial results, status of the dynamic supply chain challenges the industry is facing as well as our updated fiscal year 2022 outlook.
Steven J. Fasching -- Chief Financial Offficer
Thanks, Dave, and good afternoon, everyone. We're excited by the demand our brands continue to exhibit through the first half of this fiscal year. As Dave covered, UGG is setting up the holiday season with its most diverse product assortment to date and HOKA is delivering exceptionally balanced strong growth and market share gains across regions, channels and categories. While the supply chain remains a headwind to overcome, the performance of our brands thus far is the result of our team's dedication to executing Decker's long-term strategies as we manage through near-term disruption. The strength of our brand portfolio, our flexible operating model and robust balance sheet gives us confidence in our ability to successfully navigate the evolving marketplace. Now let me get into the second quarter results. Second quarter fiscal 2022 revenue was $722 million, representing a 16% increase versus last year and a 33% increase versus two years ago. Q2 growth versus last year was driven by our two largest brands, UGG and HOKA, as UGG wholesale increased 19% versus last year as we ship more product into the channel, though we did experience pressures from port delays, and HOKA continued to deliver impressive growth across all channels with an increase of 47%. Gross margins for the second quarter were down 30 basis points versus last year to 50.9%. The decrease as compared to last year was related to increased usage of airfreight for the UGG and HOKA brands and higher than prior year proportion of wholesale shipments as we refill marketplace inventories and lap disruption from the prior year, with positive offsets coming from favorable brand mix as HOKA continues to increase as a percentage of total company sales, favorable foreign currency exchange rates and fewer closeouts at a higher margin rate. SG&A dollar spend for the quarter was $239 million, up 25% from last year's $190 million. Higher spend was primarily driven by greater marketing expense to fuel brand heat, highlight new categories and increase localized content, increase compensation costs as we onboard new talent to support our growing organization and higher variable expenses related to increased volume for our warehouse, logistics and IT.
Our tax rate was 20.1%, which compares to 20.6% last year. This all resulted in diluted earnings per share of $3.66 for the quarter, which compares to $3.58 in last year's second quarter. The $0.08 increase versus last year was primarily driven by revenue growth of the UGG and HOKA brands with offsets from increased SG&A spend primarily related to increased marketing and headcount supporting the growth of the business. Turning to our balance sheet. At September 30, 2021, we ended September with $746 million of cash and equivalents. Inventory, including units in transit, was $636 million, up 31% from $484 million at the same time last year, and we had no outstanding borrowings. During the second quarter, we repurchased approximately $54 million worth of shares at an average price of $406. That brings the year-to-date total share repurchase as of September 30 to $136 million at an average share price of $356.08. And as of September 30, 2021, the company had $675 million remaining under its stock repurchase authorization. Before discussing our updated outlook for fiscal year 2022, I'd like to provide some context on the current state of our supply chain, our disruption mitigation efforts and trends we are seeing. Starting with footwear production, I can confirm the majority of our products are produced in Vietnam.
However, due to the location of our factories, which are primarily in Northern Vietnam as well as the seasonality of our business and strategic product prioritization, we do not expect factory shutdowns that occurred in the second quarter to cause a material negative top line effect on our full year fiscal 2022 guidance. To put this in perspective, less than 10% of our Vietnam production today is done in the Southern region, which experienced shutdowns during the second quarter. However, our team successfully shifted a material portion of this production to alternative existing partner factories by leveraging our dual sourcing strategy, which allows us to manufacture same styles in multiple factories. While we were able to nimbly shift production locations, the expected timing of these receipts will be later than we previously planned, though still expected within the current year. As part of our ongoing sourcing strategy to support the growth of our brands and in an effort to further mitigate impact into fiscal year 2023, we have secured additional production lines in new geographic locations with our existing partners and have also onboarded new long-term strategic factory partners. In addition, we plan to carry more inventory this year and into next year as we do not anticipate any near-term resolution to the global supply chain disruption, and it will also act as a hedge to inflationary pressures expected in FY '23. From a logistics standpoint, we are not unique in that we are dealing with significant delays at ports related to not only prolonged processing times for ship cargo, but also a shortage of trucks, chassis and drivers. While the challenges at the Port of Los Angeles and Long Beach have been widely reported, the issue is not isolated to those ports and port constraints have postponed shipments to our warehouses in Q2. In a typical year, roughly 20% of inventory is in transit at the end of September. But this year, with the bottlenecks that we've experienced, approximately 45% of our inventory was in transit. Even with product beginning to move off the water as well as packed and staged at the warehouse, some of our wholesale partners are experiencing labor shortages and logistic constraints in their own operations, which is further hindering our ability to deliver shipments in a timely manner.
Additionally, on the international front, we have experienced numerous start-up challenges during our 3PL distribution center transition in Europe and expect there will be continued pressures as they refine their systems and delivery levels. While the transition has been difficult, especially in light of the challenging global logistics environment, this is a critical investment to create long-term capacity that will facilitate anticipated growth in the UGG and HOKA brands for years to come. We will continue to work closely with our provider to assist with improving throughput as their operations come up to speed. From a freight expense standpoint, the entire industry continues to face higher costs for ocean containers. In addition, as production and port delays persist on top of delays arising from production shifts in Vietnam, we will continue to utilize elevated levels of airfreight, which is considerably more expensive whenever it is needed to maintain strategic product launches. As Dave mentioned, the HOKA brand is implementing targeted price increases for specific products which will help partially offset higher airfreight costs, but we will still expect there will be some level of gross margin compression. As with the rest of our peers and industry, we are dealing with a number of challenges, but I have the utmost confidence in our employees and their resilience to overcome these hurdles. With that context in mind, we are adjusting our outlook to reflect these supply side risks.
For the full fiscal year 2022, we are reiterating our expected top line revenue growth of 18% to 20%, which equates to revenue in the range of $3.01 billion to $3.06 billion, including expectations of HOKA growing 50-plus percent over last year with confidence the brand can eclipse $875 million of revenue; UGG growing high single digits, reflecting pressure on the prior high end of the range due to shipment disruption; Teva is still growing in the high teens range and koolaburra and Sanuk expected to be approximately flat to last year. Gross margin is now expected to be approximately 51.5%, which is lower than our prior guidance due to further pressures from increasing costs related to ocean containers and greater utilization of airfreight as port congestion and trucking scarcity has worsened. SG&A is now expected to be approximately 34% of revenue, reflecting our operating models agility in this dynamic environment to flex our variable spend with targeted temporary reductions. We anticipate these expense adjustments will help offset further gross margin pressure, allowing us to maintain the prior high end of our operating margin range at 18%. We are lowering the bottom end of the operating margin to 17% to reflect current port congestion conditions that may necessitate more airfreight. We still expect a tax rate of approximately 23%. Taking into account the risk factors I've mentioned, along with the share repurchase executed in the second quarter, we are expanding our earnings per share guidance range for fiscal year 2022 to now be in the range of $14.15 to $15.15. While we have tried to incorporate what we know at this point, our full year guidance does not anticipate any further significant supply chain disruption, excludes onetime charges and does not contem
Plate impact from additional share repurchases. Although supply chain pressures have grown across the entire industry, we remain confident in maintaining our prior top line revenue guidance as our brands continue to experience exceptional marketplace demand.
Actions our teams have taken to preserve this outlook include bringing in greater levels of inventory earlier to mitigate delays and inflationary cost pressures, utilizing our dual sourcing network to offset factory closures and disruption, adding production capacity and further diversifying our country level exposure of factories and partners, increasing airfreight usage to ensure our brands are opportunistically gaining market share in this competitive environment, strategically evaluating and leveraging our brand's price elasticity and remaining nimble in responding to new challenges as they arise. A combination of these efforts has enabled us to maintain the top end of our operating margin outlook, while expanding the range of our earnings guidance to reflect the current challenges of the supply chain environment. Deckers continues to deliver strong growth with excellent levels of profitability and is operating from a position of strength. Thanks, everyone. I'll now hand the call back to Dave for his final remarks.
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
Thanks, Steve. The company's performance over the past six months highlights the strength of our brand portfolio and value of our operating model. Our largest brands, UGG and HOKA, are delivering compelling growth in the midst of historic levels of supply chain disruption. In spite of this turmoil, the company continues to generate strong cash flow that enables our leadership team to continue making key strategic investments that will contribute to Decker's long-term growth and success. Our focus remains to increase global awareness and adoption of HOKA as we work toward building a powerful multibillion-dollar performance brand; build the global adoption of UGG across a diverse set of consumers, categories seasons and regions; and acquire consumers direct into our ecosystem with the goal of scaling our DTC mix of business to 50% of revenue over time. We are proud of our employees' continued progress on these key initiatives and appreciate their [Indecipherable] to make our collective organizational success a reality. In the last 18-plus months, which are unprecedented in modern history, our employees have proven the value of our collaborative and winning culture. This reflects in both our financial performance, but also in the progress we continue to make on the ESG and DEI fronts. I'm delighted to share that the culture of Deckers is being recognized outside of our organization as well. Earlier this month, Deckers was ranked sixth on Newsweek's list of the 100 most loved workplaces.
On behalf of the Board and the management team, I am extremely proud of this distinction as we continue to live our values by fostering a positive environment that allows employees to come as you are. Recognition like this matters a great deal, especially when we are building our workforce for the future. For more on our global efforts supporting Decker's culture and values, I would once again encourage everyone to take a look at our 2021 corporate responsibility report that will be released next week. I'd like to thank you all for joining us here today and to thank all of our stakeholders for your continued support. We look forward to sharing Decker's continued bright future with you. With that, I'll turn the call over to the operator for Q&A. Operator?
Questions and Answers:
Operator
[Operator Instructions] Our first question comes from Dana Telsey from Telsey Advisory Group. Please go ahead.
Dana Lauren Telsey -- Telsey Advisory Group
Good afternoon everyone. And definitely tricky navigating everything. It seems like you're moving through it. As you think about the navigation of the supply chain headwinds and you mentioned the percentage of goods in transit was 45% at the end of September, what does that cadence look like going forward? How do you see that developing? And how much is pressure from the wholesale partners impacting your inventory levels and getting goods? And then I just have a follow-up.
Steven J. Fasching -- Chief Financial Offficer
Sure. Dana, this is Steve. I'll take a first stab at it and then Dave can jump in. I think in terms of cadence, how we're looking at it is, as we've said in the script, we're going to be buying more inventory this year because we -- while we don't know exact timing and we're focused on the year, we do want to make sure that we have goods in place to sell. So as we see it, our ending position at Q2, we had about the same amount of inventory in the warehouse a year ago, even though we had that 30% increase. So we're going to continue to process that inventory. There is a bit of a domino effect that the delays are going to impact other inbound inventory. So we're very focused on processing what we can through the port congestion. We will supplement it with airfreight, where appropriate, especially around product launches. And so we're going to continue to do that. I think the strategy of buying more inventory early on at the beginning of this year was the right strategy. And so the inventory is not the issue. Demand is not the issue. It's just our ability to process inventory, work through port congestion, and as we said, trucks and chassis as well as working with our wholesale customers to get them to pick it up because they're experiencing similar challenges with arranging trucks and drivers. So overall, we would have liked to have done more, but we're dealing with what we have. And I think we've got a good strategy to approach it.
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
Yes. I would echo that. And I think, as Steve said, we were proactive in getting ahead of this with increasing our production at the end of last year going into the beginning of this year and making sure we had plenty of goods to sell, knowing that prices are going to go up and that the supply chain challenges could persist. That's proven to be true. The good news is the inventory is on its way. We have a large number on the water in transit, and we feel confident that we'll have the inventory, particularly as it relates to UGG in Q3 in the marketplace going into peak season, whether that's at wholesale or DTC, we'll be prepared for the busy season of UGG. And then the other -- the next piece of that is just preparing for Q4 first UGG, but also really HOKA when the business starts ramping up. So it's a day-by-day navigation of when it's going to be here, how it's going to get here, but we have incredible relationships with our factory partners. We have incredible relationships with our wholesale partners, and we're all in this together to get to the inventory out to the consumer as fast as -- and as in the best position as we can.
Dana Lauren Telsey -- Telsey Advisory Group
Thank you. And then pricing -- yes, the follow-up is about pricing. Are you taking price on HOKA and UGG? And if so, how much? How do you see that evolving?
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
Yes. So we didn't do a lot of price increases, generally speaking, for this current fall. HOKA has taken prices up surgically, I would say, with their big styles starting in spring introductions and that's embedded in the guidance. And then for fall '22, we will be taking prices up for the UGG brand. And I'm confident that based on the strength of the brand and the consumer sentiment in the market, we have the ability to do that. And we're -- fortunately, a lot of the inventories that we have coming in the pipeline is on a lower cost basis and it will be next year. So that works to our advantage, but we will be taking price increases going into FY '23 starting in the fall with UGG.
Dana Lauren Telsey -- Telsey Advisory Group
Thank you.
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
Thank you.
Operator
Our next question comes from Jonathan Komp from Robert Baird. Please go ahead.
Jonathan Robert Komp -- Robert W. Baird & Co. Incorporated
Hi. Thank you. First question just on the UGG, the update to the UGG sales guidance for the year and bringing down the top end. Can you maybe just comment how that looks across channels, wholesale versus DTC? And you're not looking for guidance into next year, but how long do you expect some of these challenges to continue as we think into next year?
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
Yes. I'll let Steve answer that. The challenges with UGG really, it's not a demand challenge at all, we still have very strong demand from our consumer and our wholesale accounts are telling us that they, generally speaking, still one with the product. So it's more about the ability for us to get the product out of the distribution network due to the bottlenecks in Q2. But the demand is very strong. So it's just a matter of getting caught up. But Steve, do you have...
Steven J. Fasching -- Chief Financial Offficer
Yes. I think, Jon, in terms of the guidance and how we're looking at UGG, we shaped a little off the top end, and I think that has to do, as we said, around the disruption that we're seeing and the port congestion. So inability to get some product on time, we think, is going to put some pressure on our ability to sell to that high-end. That's going to be, I think, equally felt as we look at it now. The dynamics that we don't know yet is really how the selling season plays out. So assuming things improve from where we were at the end of Q2, and we were able to get more product to process through our warehouse, we'll be able to process those wholesale orders. Again, then depending on what happens there, we'll determine how we handle DTC business. So we could see an increase in our DTC business with improvement in product, but that will be dependent to -- on how much, honestly, we ship early in the next kind of 1.5 months. So hard to say kind of how the channels work out. But we're going to be prepared that if there is some disruption to shipping in our wholesale customers, we'll pick that up through our DTC channel. So we're remaining pretty flexible on that. Hard to say exactly how that plays out. Just a little bit of caution because of the disruption that we've seen. Again, the domino effect of when that's going to -- and how that's going to play out, but we will be prepared pick up any of those wholesale sales that may get missed with our own DTC business.
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
Yes. And we saw that last year when there was scarcity in the marketplace for wholesale, we saw consumers going direct to our DTC channels, mostly our website at the time. Hence, the challenge on the comp this year in that channel. But I think, as I said, going into November, December, we have the inventory, and we'll be ready, depending on how the consumer wants to shop.
Jonathan Robert Komp -- Robert W. Baird & Co. Incorporated
Okay. That's very helpful. And then one follow-up on gross margin. The full year outlook, the change, is that all related to freight? And could you maybe further quantify what you're embedding now? And then when we look at the implied second half gross margin, it looks maybe 150 basis points or more below the second half of fiscal 2020. So I just want to maybe ask how you're thinking about the pricing that you're planning and how that might offset the expected inflation and what's the right way to think about the baseline for gross margin going forward?
Steven J. Fasching -- Chief Financial Offficer
Yes. Sure, John. So before we guided to just under, I think, [53], we're now about [51.5]. That difference is really increased ocean freight as well as more airfreight. And so if you look at the first half of the year, the first half of the year, a lot of that inventory was transported before. We're seeing the increases around ocean freight. So we're anticipating a much bigger hit in the second half related to ocean freight increases. So the inventory that's in transit and flowing in now is coming in at a higher freight cost, then also supplementing it with more airfreight that we expect to experience in the second half. So the price increases that we're implementing with HOKA will help offset, but it's still relatively small in the big scheme of things. So yes, it's able to help mitigate it to a very small extent, and that less than 150 basis point margin hit on the year that we're now projecting is really ocean freight increases, largely that we expect to experience in the second half as well as some supplemental airfreight that we did do and we'll do more of in the second half.
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
Yes, we've taken a conservative approach on it. So it could improve. But right now, from where we stand today, calling the ball, this is what we think is prudent.
Jonathan Robert Komp -- Robert W. Baird & Co. Incorporated
Okay. And just to clarify, with your pricing strategy throughout next year, is it -- do you think it's enough to trend more back toward your 2021 level of gross margin? Or should we be thinking back toward 2020 more sort of the baseline going forward?
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
That's the goal is to get it back. And so the price increases, discussions that we're having in UGG brand are pretty broad-based, including some kind of core classics in the mix. Still early days, but that's how we're thinking about it, get back to normalized levels.
Steven J. Fasching -- Chief Financial Offficer
Yes. And I think, Jon, on that, early to tell, right? And it's going to be dependent on when we begin to see normalized freight around containers. So what we're experiencing this year, hopefully, we aren't necessarily see on an ongoing basis. So the sooner we can get back to a more normalized level, that will be tailwind on the margin front. And then on the airfreight, additionally, with the extra inventory that we're bringing in this year should provide a tailwind for us. But I want to be a little careful about getting too far ahead of ourselves on how much margin take back we get next year.
Jonathan Robert Komp -- Robert W. Baird & Co. Incorporated
Understood. Appreciate it. Thanks.
Operator
The next question comes from Camilo Lyon from BTIG. Please go ahead.
Camilo Russi Lyon -- BTIG, LLC
Thank you. Just a clarifying question first on the Q2 revenue number that you reported. It looks from our math that you had about $75 million to $100 million of that delay in shipments. Is that about the right ballpark to think about in terms of what you experienced from a supply chain transit perspective?
Steven J. Fasching -- Chief Financial Offficer
Yes. I think, again, we're looking at the whole year, haven't given guidance. But if you look at what we were expecting in terms of inbound inventory that remained in transit, yes, you're right in terms of how much you could probably extrapolate of what we thought we could have turned on that inbound inventory that got really hung up in transit during the quarter.
Camilo Russi Lyon -- BTIG, LLC
Okay. Great. And then I guess the question is, it sounds like that's still in transit that has not shipped out to wholesale, is that the right assumption there?
Steven J. Fasching -- Chief Financial Offficer
Correct. So when we say in transit, it means it has not arrived at our warehouse. So it's in the process, so either on containers or in the ports on their way to the warehouse.
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
For the month, Cam.
Camilo Russi Lyon -- BTIG, LLC
Yes. So is it fair to say that, that Q2 shift will be absorbed in Q3? Or is that still uncertain?
Steven J. Fasching -- Chief Financial Offficer
No. I would say, back to my earlier comment about a domino effect, we won't be able to make all that up. So there is a bit of a trickle down. So I wouldn't add that miss back into Q3 because we're experiencing a domino effect. And as we're seeing, right, there's a continued backlog at the ports.
Camilo Russi Lyon -- BTIG, LLC
Yes. No, definitely. It's pretty pervasive. And I think it's gotten worse with each data passes. Okay. So you talked about taking on more inventory and you've said a few different times on the call that you're not concerned about demand trends. Can you just give us some examples of the demand signals that you have been seeing probably most importantly at wholesale? And then secondarily, as we think about the comments around taking on more inventory to alleviate any further disruptions, how do you feel about -- or what are the discussions, I should say, with your wholesale partners in terms of any cancellations that may be -- have been discussed? And if those -- if that inventory does come back, reinstatement of those cancellations or using your own DTC as the preferred mechanism to satisfy demand as you get deeper and deeper into the holiday season?
Steven J. Fasching -- Chief Financial Offficer
Sure. I'll start, and then I'll let Dave go. I think, again, from a demand perspective, there's more demand out there than we can ship to, right? And that's the build in inventory that you're seeing and our ability to get product to wholesale customers. As a part of that port congestion and delay, we have had conversations with our customers and said, kind of here our new expected dates, do you still want product or not? In most cases, absolutely. And they recognize how important both UGG and HOKA are to their businesses. And so people aren't walking away from orders because they recognize their need to have that product on their shelf. So we're working through that with them. If they feel it's too late, we'll take some cancellations. And then that's our opportunity to fulfill those sales through DTC, and we'll take that at a higher margin. So that's how our approach is.
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
Yes. And the signals from wholesale continues to be healthy. So hence, that's why they're saying we want the product as soon as we can get it. We'll work with you and we're getting creative on how we get product to these accounts, but the sell-through are healthy across the board for both brands. And as Steve said, it's just -- there's more demand that we can fulfill at the moment. But we're confident that they're going to converge coming into the busy season. So we'll have inventory depending on what the channel is, where the consumer wants to shop.
Camilo Russi Lyon -- BTIG, LLC
That sounds great, especially with the weather forecast being for a landing winter and cold and snowy one, so it should be good. Last question just on that inventory composition that you're taking on a bigger bet on. What are the styles that you're thinking about? Are you taking a bigger bet on just the core classics? Or is it a broader array of UGG product?
Steven J. Fasching -- Chief Financial Offficer
It's some classics. So a big part of it is product that we can carry over, if necessary. So it's not liability product, generally speaking. And then some, obviously, the big seasonal sellers like the Fluff and the Clear, Neumel, Tasman, those styles, that's where the meat of the inventory is and heading into spring, some new Fluff introductions evolving into outdoor sandals. And then in HOKA, it's again driven by Clifton and Bondis, Rincon, top five styles that are doing the business. A lot of the initial drops are kind of one and done until they get a new delivery coming in. So again, it's a product that we know that consumers are going to want when they can get it. And then if we need to carry a little bit over, it sets us up with a bit of a margin tailwind going into next year because it's at a lower cost basis and it's a product that we know we can sell later on in heading into FY '23, if necessary. I think the bottom line there, Camilo, is we want the inventory in the country. We don't want it on a transit or in a factory. And so that's been our stance and staying aggressive on getting it here.
Camilo Russi Lyon -- BTIG, LLC
This might be the first time I'll ever say get as much inventory as you possibly we can.
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
That's, exactly.
Camilo Russi Lyon -- BTIG, LLC
Good luck guys.
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
Thank you.
Steven J. Fasching -- Chief Financial Offficer
Thank you.
Operator
The next question comes from Sam Poser from Williams. Please go ahead.
Samuel Marc Poser -- Williams Trading
Thank you, guys, for taking my questions. Some of the questions have sort of been answered. So, first of all, before we get started, can you give us the wholesale revenue or the direct-to-consumer revenue by brand? Just so I ask it on the call, which I didn't do last time. You knew this was coming.
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
Sure. Erinn?
Erinn Kohler -- Vice President of Investor Relations & Corporate Planning
Hi Sam. So we're a global wholesale and distributor combined for each of the brands, for UGG, $349 million; for HOKA, $147 million; for Teva, $19 million; for Sanuk, $7 million; and others, $23 million.
Samuel Marc Poser -- Williams Trading
Thank you. And then I just want to follow up on the inventory and I concur with Camilo right now, which is shocking. But the question really is what does the inventory look like today? Like if you took your inventory as that was [$636 million] now, how much of that is actually left the building? And what does that number look like today, both from a total and then in transit, if you -- just as of today?
Steven J. Fasching -- Chief Financial Offficer
Yes. So I'm not sure I follow exactly what you're trying to get at, Sam. Let me try to answer, and you can follow up.
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
I think he's asking of that inventory that was in transit and sitting in the DTC...
Samuel Marc Poser -- Williams Trading
No. I mean I'm just saying you have $636 million less -- 45% of that's on the water, but today, what is your total inventory? And how much of that is in transit? So just exactly the same number, but as of today.
Steven J. Fasching -- Chief Financial Offficer
Yes. I think we'll not give that. But I think your question is, is the in-transit that we had at end of September being processed? And the answer is yes, we are processing some of that. Do we still have a higher proportion of in-transit today than we did a year ago? Yes. There is some improvement. So clearly, with the seasonality of UGG, this is the time we're bringing in a lot of inventory, right? And that's what got caught up in some of this port congestion. It's going to take a little bit of time to clear that, and we're not seeing the improvements to move through that inventory at the ports. That's why you're still hearing about ships lined up outside the port of Los Angeles and Long Beach. So we are -- where we're at in our business cycle and the seasonality of the UGG business, there is improvement but we still have a ways to go with -- in transit of 45% compared to 20%, there's a lot of inventory to work through. And because we're not unique in this everybody else is, I think, battling a similar issue. So we'll be able to share more later. But hopefully, we're going to start to see some improvements. We are seeing some just due to where we're at in line, but there are still some pretty significant congestions in the port.
Samuel Marc Poser -- Williams Trading
And then one last thing. Just when you think about the $349 million that you did in -- of wholesale in the quarter, can we -- how should we think -- I mean, are you -- is a $400 million wholesale number in that, let's call it, [4] to slightly higher number for Q3, is that a reasonable number to think about given the movements around and so on? Or is that -- can you give us some help there?
Steven J. Fasching -- Chief Financial Offficer
Yes. I think the way you're asking it, it's somewhat to how Camilo asked his question was, given how much inventory we had in transit? Have we been able to process that in Q2? Would that have driven our UGG number north to a number you're talking about? Yes, we would have. But we'll see what normal cadence is. Some of that's been us driving that wholesale replenishment in Q2. So that was a bigger number that we're working toward and continuing to work toward. But yes, to answer your question, could we have done more? Had we had more inventory? Yes.
Samuel Marc Poser -- Williams Trading
I'm really talking about Q3. Am I thinking about $400 million to, call it, $420 million call, is that a range that is reasonable of sort of within where you're thinking about your wholesale business for the full year is. Am I in the ballpark on that number? Are we -- it's a big number. It's an important quarter. We can't really estimate DTC, but you sort of know what's where and you sort of know what you're thinking can get through.
Steven J. Fasching -- Chief Financial Offficer
Yes. I mean I think, yes, again, a potential -- we're not giving guidance on the quarter, and we're still working through congestion and to port. But yes, I mean...
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
We could do that.
Steven J. Fasching -- Chief Financial Offficer
We could do that. We could have done that last quarter. It's all dependent on ability to get inventory in and processed and out to our customers.
Samuel Marc Poser -- Williams Trading
How much have you gotten in processed in the last three weeks?
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
Well, we haven't gotten into that. But we're processing more. Yes.
Steven J. Fasching -- Chief Financial Offficer
But again, I mean, it's...
Samuel Marc Poser -- Williams Trading
Yes. I understand. Look, I'm just trying to get my arms around the whole thing. So I mean, you do have plenty of ammunition, it's just a matter of getting it through the process.
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
That's right. That's right. Yes. And we're doing everything we can. And like I said, based on the guidance for the year, we think we can deliver what we said last quarter. And the mix might change between UGG and HOKA a little bit, but based on how the trends are continuing and the demand being strong, we feel confident we can deliver the year.
Samuel Marc Poser -- Williams Trading
Thanks very much and good luck.
Operator
The next question comes from Jim Duffy from Stifel. Please go ahead.
James Vincent Duffy -- Stifel, Nicolaus & Company, Incorporated
Hello thank you for taking my questions. I hope you guys hanging in there doing well. I wanted to start just by asking you've got a fairly narrow selling window for UGG. What's the risk that UGG product gets delivered too late in that selling window and becomes carryover inventory that's a burden on next year? What can you do to try to prevent that?
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
Well, I think we're doing everything we can to prevent that scenario of happening. The good news is we know from what we saw last year when there was lack of inventory in the wholesale channel that people came running to our DTC channel. And I think that gives us a lot of confidence, and we're gearing up for that in November, December, should that be the case. If for some reason, we can't get all the inventory that we want out into the marketplace to the consumers and there's carryover, we do think that January and February are still going to be strong months for UGG. And I think in a lot of ways, Christmas is going to be late this year for people. So I think there will be still an opportunity in Q4 to sell some of that product. But as I said, a lot of this is kind of core carryover product in the UGG brand that we can sell next year. And the benefit of that is that it will be at a lower cost basis than any new inventory we start producing today for next year. So it's a [miss litigation] plan where we said, hey, we want to get as much inventory as we can in the pipeline, the demand continues to be super strong. We're going to do everything we can to make Q3 and the year with UGG. And if we don't, we have carryover inventory, we're willing to do that so that we have inventory to go into next fall, and as I said, at a better cost basis.
Steven J. Fasching -- Chief Financial Offficer
And just to add on that, Jim, it's a good question. I think a couple of things I'll add. One, as Dave kind of said is, as everybody knows, with all the supply chain constraints going on this year that the holiday selling season is probably extended on both ends, right? People are being told buy more early. We're encouraging people to buy more early as well. They'll continue to buy up to the holiday season. And for those areas, where people didn't get what they want, we expect that there will be demand in January. So that's the way we're looking at that. To Dave's point, we're happy to fulfill that through DTC. If our wholesale customers want to do that, too, we're happy to provide inventory. You can tell by our inventory number, we've got it coming in. We're going to be able to deal with it. So I think that's our approach. The other component, I think that's important on the inventory is that we're looking at carryover styles. So as we knew we were going to buy more inventory this year, we were careful with the inventory that we selected that we were buying more up. So that if we did have to carry some over, it would be limited in terms of seasonal styles or specific noncarryover sales that we wanted to limit. So again, we've been careful. I think -- again, the right approach in terms of bringing more on to navigate some of the disruption that we're seeing. But that's kind of how we're seeing it play out, and then we'll see what happens.
James Vincent Duffy -- Stifel, Nicolaus & Company, Incorporated
Great. Thanks for that. I wanted to ask a quick one on HOKA, if I may. What we're hearing from some other players in the athletic category, they are going to be in a position of inventory deficiency in that March quarter, suggesting HOKA has great opportunity for market share gains. How do you think about market share gains and revenue versus margin and the trade-off from using expedited freight and so forth to capitalize on that opportunity?
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
Well, I think certainly, Q4 for us, our Q4 ending in March is a big opportunity for HOKA. The order book is strong. Hence, you see our guidance maintaining. We have inventory on the way. We had minimal disruptions due to Vietnam production, but we've been dual sourcing that. So the product is being made. It's just a little bit behind. Our priority is to maintain strength in the marketplace and steal share. And if we have to spend a little money to do that and protect Q4 top line, we think that's the right approach to do both short term and long term.
Steven J. Fasching -- Chief Financial Offficer
And I think, Jim, also on that, we are buying more. We're more confident with HOKA. We're buying more inventory. That is one area that we are willing to spend more on airfreight to expedite that in. So that is absolutely a trend if we think Q4, we are going to be prepared to try to capitalize on.
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
Yes. We're going to continue to stay super aggressive on HOKA. It's a competitive marketplace. You have newcomers coming in, including ourselves, that are stealing share from some of the heritage running brands. It's continuing to have incredible momentum for us. We do see this as a long-term multibillion-dollar play, and we're not taking this quarter-to-quarter. But we don't want to miss any opportunities to steal share and get in on the feet of consumers globally.
James Vincent Duffy -- Stifel, Nicolaus & Company, Incorporated
Excellent. Hank you guys. I appreciate you taking my questions.
Operator
The next question comes from Janine Stichter from Jefferies. Please go ahead.
Janine M. Stichter -- Jefferies LLC
Hi everyone. Thank you for taking my question. I want to shift gears a little bit and talk about Europe. It sounds like the adoption there of the Fluff franchise has really picked up. Just curious what inning you think you're in and if you feel like it's following a similar path the recovery we've seen in the U.S.? And then secondarily, I just wanted to check on sheepskin costs. Have you locked those in for next year yet? Thank you.
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
Yes, good question. So yes, we are seeing good momentum in both Europe and in Asia with the Fluff franchise being picked up this year more so than it was last year. So the trend that started in the U.S. is expanding globally. That's good news for us. And we do think that, that franchise is going to continue to be a key part of the brand going forward, including iterations that are in the pipeline to expand into a little bit more outdoor usage. But that is a new leg of the stool, so to speak, for the UGG brand going forward. As far as Europe goes, it's great that we are seeing that adoption. We're also seeing younger consumers coming into the brand, which is fantastic, and we've been working on that for a long time. The unfortunate piece is that this year, the demand is going to be higher than the supply and that challenges the growth opportunity that we were hoping for in the transition and turnaround in that marketplace. So it might take a little bit longer until we return to full-time consistent growth. We were hopeful that we could do it this year, but I think some of the bottlenecks are going to slow that down, but it's definitely not because the demand is slow, it's really driven by the port congestion.
Steven J. Fasching -- Chief Financial Offficer
And then, Janine, it's Steve. On the sheepskin, we are not seeing a material increase cost in sheepskin. And I think just one important note to also make is that as Deckers becomes bigger and bigger and the UGG product is much more diversified and HOKA becomes a bigger part, our dependence on sheepskin is a lot less than where it was historically. So we're moving away with the proportion of sheepskin makeup of our COGS, but at this point, as we look out at next year, we are not seeing a material increase in our sheepskin costs.
Janine M. Stichter -- Jefferies LLC
Great. Thank you very much.
Operator
And our last question comes from Jay Sole from UBS. Please go ahead.
Jay Daniel Sole -- UBS Investment Bank
Great. Thanks so much. My question is just about thinking about gross margins for next year, given the comments you just made about sheepskin. But given the pricing that you're taking lapping airfreight and some of the extra costs that have been in the P&L this year, does it favorably change the way you're thinking about margins for next year?
Steven J. Fasching -- Chief Financial Offficer
On a normalized basis, no, it doesn't. I think this year, we're getting hit with some headwinds that should not reoccur in the future, although we don't know the duration of this yet. So I think that's going to be a dependent factor that we don't yet know. I would say removing all the noise of the current year, we're not thinking about margins different. So in terms of product margins, really no change. Where we have opportunity is increased proportion of our DTC business. And then I think we'll see how the current situation plays out and then when freight rates begin to normalize, and I think we'll then be in a better position to provide some outlook next year.
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
Yes. And what I've said to the team is don't think of this as a short-term headwind, meaning the increased cost in the supply chain. This is here to stay. I think it's going to be with us for at least one year or 2. It may never go back to normal levels due to wage increases, material increases, shipping costs. So we are planning our business as though those new levels are going to remain. The good news is if that things improve next year, then we have opportunity and we're taking price increases to give us the margins that we need going forward despite the cost increase. So that's how we're thinking about it. Again, we're staying aggressive. And if things start to ease up a bit on pricing, we'll be in better shape. And that's a combination of price increases that we're taking and also having some carryover inventory at a lower margin and then we'll be spending less on airfreight and other costs that and we can reinvest back into the business. It's not all going to fall to the bottom line. We're focused on the long term and investing in our key strategic growth priorities. And so that's really priority number one, is talent, capabilities and awareness for our brands, and then we'll manage through that.
Jay Daniel Sole -- UBS Investment Bank
Got it. That is super helpful. Thank you so much.
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
Thanks.
Steven J. Fasching -- Chief Financial Offficer
Thanks.
Operator
[Operator Closing Remarks]
Duration: 0 minutes
Call participants:
Erinn Kohler -- Vice President of Investor Relations & Corporate Planning
David Powers -- Chief Executive Officer, President, Director & Interim President of Fashion Lifestyle
Steven J. Fasching -- Chief Financial Offficer
Dana Lauren Telsey -- Telsey Advisory Group
Jonathan Robert Komp -- Robert W. Baird & Co. Incorporated
Camilo Russi Lyon -- BTIG, LLC
Samuel Marc Poser -- Williams Trading
James Vincent Duffy -- Stifel, Nicolaus & Company, Incorporated
Janine M. Stichter -- Jefferies LLC
Jay Daniel Sole -- UBS Investment Bank
More DECK analysis
All earnings call transcripts
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corporation (NYSE: DECK) Q2 2022 Earnings Call Oct 28, 2021, 4:30 p.m. Welcome to the Deckers Brands Second Quarter Fiscal 2022 Earnings Conference Call. 10 stocks we like better than Deckers Outdoor When our award-winning analyst team has a stock tip, it can pay to listen.
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Incorporated Camilo Russi Lyon -- BTIG, LLC Samuel Marc Poser -- Williams Trading James Vincent Duffy -- Stifel, Nicolaus & Company, Incorporated Janine M. Stichter -- Jefferies LLC Jay Daniel Sole -- UBS Investment Bank More DECK analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor Corporation (NYSE: DECK) Q2 2022 Earnings Call Oct 28, 2021, 4:30 p.m. Welcome to the Deckers Brands Second Quarter Fiscal 2022 Earnings Conference Call.
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Deckers Outdoor Corporation (NYSE: DECK) Q2 2022 Earnings Call Oct 28, 2021, 4:30 p.m. Welcome to the Deckers Brands Second Quarter Fiscal 2022 Earnings Conference Call. 10 stocks we like better than Deckers Outdoor When our award-winning analyst team has a stock tip, it can pay to listen.
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Incorporated Camilo Russi Lyon -- BTIG, LLC Samuel Marc Poser -- Williams Trading James Vincent Duffy -- Stifel, Nicolaus & Company, Incorporated Janine M. Stichter -- Jefferies LLC Jay Daniel Sole -- UBS Investment Bank More DECK analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor Corporation (NYSE: DECK) Q2 2022 Earnings Call Oct 28, 2021, 4:30 p.m. Welcome to the Deckers Brands Second Quarter Fiscal 2022 Earnings Conference Call.
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819f00bb-2d6b-4927-92ca-1d28c1d6b3b4
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724075.0
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2021-10-28 00:00:00 UTC
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Deckers Outdoor Corp Q2 Profit Rises, but misses estimates
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-q2-profit-rises-but-misses-estimates-2021-10-28
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nan
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(RTTNews) - Deckers Outdoor Corp (DECK) released a profit for its second quarter that advanced from the same period last year.
The company's bottom line came in at $102.06 million, or $3.66 per share. This compares with $101.55 million, or $3.58 per share, in last year's second quarter.
Analysts had expected the company to earn $4.00 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 15.8% to $721.90 million from $623.53 million last year.
Deckers Outdoor Corp earnings at a glance:
-Earnings (Q2): $102.06 Mln. vs. $101.55 Mln. last year. -EPS (Q2): $3.66 vs. $3.58 last year. -Analysts Estimate: $4.00 -Revenue (Q2): $721.90 Mln vs. $623.53 Mln last year.
-Guidance: Full year EPS guidance: $14.15 - $15.15 Full year revenue guidance: $3.01 - $3.06 Bln
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deckers Outdoor Corp (DECK) released a profit for its second quarter that advanced from the same period last year. Deckers Outdoor Corp earnings at a glance: -Earnings (Q2): $102.06 Mln. Analysts had expected the company to earn $4.00 per share, according to figures compiled by Thomson Reuters.
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Deckers Outdoor Corp earnings at a glance: -Earnings (Q2): $102.06 Mln. (RTTNews) - Deckers Outdoor Corp (DECK) released a profit for its second quarter that advanced from the same period last year. -Analysts Estimate: $4.00 -Revenue (Q2): $721.90 Mln vs. $623.53 Mln last year.
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(RTTNews) - Deckers Outdoor Corp (DECK) released a profit for its second quarter that advanced from the same period last year. Deckers Outdoor Corp earnings at a glance: -Earnings (Q2): $102.06 Mln. The company's revenue for the quarter rose 15.8% to $721.90 million from $623.53 million last year.
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Deckers Outdoor Corp earnings at a glance: -Earnings (Q2): $102.06 Mln. (RTTNews) - Deckers Outdoor Corp (DECK) released a profit for its second quarter that advanced from the same period last year. This compares with $101.55 million, or $3.58 per share, in last year's second quarter.
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724076.0
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2021-10-28 00:00:00 UTC
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Notable Thursday Option Activity: W, TTWO, DECK
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DECK
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-w-ttwo-deck-2021-10-28
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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 Wayfair Inc (Symbol: W), where a total of 14,303 contracts have traded so far, representing approximately 1.4 million underlying shares. That amounts to about 101.6% of W's average daily trading volume over the past month of 1.4 million shares. Particularly high volume was seen for the $250 strike call option expiring October 29, 2021, with 1,343 contracts trading so far today, representing approximately 134,300 underlying shares of W. Below is a chart showing W's trailing twelve month trading history, with the $250 strike highlighted in orange:
Take-Two Interactive Software, Inc. (Symbol: TTWO) options are showing a volume of 11,967 contracts thus far today. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 97.4% of TTWO's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $185 strike call option expiring October 29, 2021, with 3,531 contracts trading so far today, representing approximately 353,100 underlying shares of TTWO. Below is a chart showing TTWO's trailing twelve month trading history, with the $185 strike highlighted in orange:
And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 4,959 contracts thus far today. That number of contracts represents approximately 495,900 underlying shares, working out to a sizeable 93.8% of DECK's average daily trading volume over the past month, of 528,950 shares. Particularly high volume was seen for the $350 strike put option expiring November 19, 2021, with 887 contracts trading so far today, representing approximately 88,700 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $350 strike highlighted in orange:
For the various different available expirations for W options, TTWO options, or DECK options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $350 strike put option expiring November 19, 2021, with 887 contracts trading so far today, representing approximately 88,700 underlying shares of DECK. Below is a chart showing TTWO's trailing twelve month trading history, with the $185 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 4,959 contracts thus far today. That number of contracts represents approximately 495,900 underlying shares, working out to a sizeable 93.8% of DECK's average daily trading volume over the past month, of 528,950 shares.
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Below is a chart showing TTWO's trailing twelve month trading history, with the $185 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 4,959 contracts thus far today. That number of contracts represents approximately 495,900 underlying shares, working out to a sizeable 93.8% of DECK's average daily trading volume over the past month, of 528,950 shares. Particularly high volume was seen for the $350 strike put option expiring November 19, 2021, with 887 contracts trading so far today, representing approximately 88,700 underlying shares of DECK.
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Below is a chart showing TTWO's trailing twelve month trading history, with the $185 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 4,959 contracts thus far today. That number of contracts represents approximately 495,900 underlying shares, working out to a sizeable 93.8% of DECK's average daily trading volume over the past month, of 528,950 shares. Particularly high volume was seen for the $350 strike put option expiring November 19, 2021, with 887 contracts trading so far today, representing approximately 88,700 underlying shares of DECK.
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Particularly high volume was seen for the $350 strike put option expiring November 19, 2021, with 887 contracts trading so far today, representing approximately 88,700 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $350 strike highlighted in orange: For the various different available expirations for W options, TTWO options, or DECK options, visit StockOptionsChannel.com. Below is a chart showing TTWO's trailing twelve month trading history, with the $185 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 4,959 contracts thus far today.
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ec06b2be-899c-4f37-8234-eccf8df7ca63
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724077.0
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2021-10-21 00:00:00 UTC
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Thursday's ETF with Unusual Volume: FTLS
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DECK
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https://www.nasdaq.com/articles/thursdays-etf-with-unusual-volume%3A-ftls-2021-10-21
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nan
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nan
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The First Trust Long/Short Equity ETF is seeing unusually high volume in afternoon trading Thursday, with over 188,000 shares traded versus three month average volume of about 27,000. Shares of FTLS were up about 0.1% on the day.
Components of that ETF with the highest volume on Thursday were Apple, trading trading flat with over 27.1 million shares changing hands so far this session, and Advanced Micro Devices, up about 1.6% on volume of over 19.1 million shares. Deckers Outdoor is the component faring the best Thursday, higher by about 4.5% on the day, while Chart Industries is lagging other components of the First Trust Long/Short Equity ETF, trading lower by about 10.3%.
VIDEO: Thursday's ETF with Unusual Volume: FTLS
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 is the component faring the best Thursday, higher by about 4.5% on the day, while Chart Industries is lagging other components of the First Trust Long/Short Equity ETF, trading lower by about 10.3%. The First Trust Long/Short Equity ETF is seeing unusually high volume in afternoon trading Thursday, with over 188,000 shares traded versus three month average volume of about 27,000. Components of that ETF with the highest volume on Thursday were Apple, trading trading flat with over 27.1 million shares changing hands so far this session, and Advanced Micro Devices, up about 1.6% on volume of over 19.1 million shares.
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Deckers Outdoor is the component faring the best Thursday, higher by about 4.5% on the day, while Chart Industries is lagging other components of the First Trust Long/Short Equity ETF, trading lower by about 10.3%. The First Trust Long/Short Equity ETF is seeing unusually high volume in afternoon trading Thursday, with over 188,000 shares traded versus three month average volume of about 27,000. Components of that ETF with the highest volume on Thursday were Apple, trading trading flat with over 27.1 million shares changing hands so far this session, and Advanced Micro Devices, up about 1.6% on volume of over 19.1 million shares.
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Deckers Outdoor is the component faring the best Thursday, higher by about 4.5% on the day, while Chart Industries is lagging other components of the First Trust Long/Short Equity ETF, trading lower by about 10.3%. The First Trust Long/Short Equity ETF is seeing unusually high volume in afternoon trading Thursday, with over 188,000 shares traded versus three month average volume of about 27,000. Components of that ETF with the highest volume on Thursday were Apple, trading trading flat with over 27.1 million shares changing hands so far this session, and Advanced Micro Devices, up about 1.6% on volume of over 19.1 million shares.
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Deckers Outdoor is the component faring the best Thursday, higher by about 4.5% on the day, while Chart Industries is lagging other components of the First Trust Long/Short Equity ETF, trading lower by about 10.3%. The First Trust Long/Short Equity ETF is seeing unusually high volume in afternoon trading Thursday, with over 188,000 shares traded versus three month average volume of about 27,000. Shares of FTLS were up about 0.1% on the day.
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724078.0
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2021-10-08 00:00:00 UTC
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10 Stocks to Buy for Their Billion-Dollar Buybacks
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DECK
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https://www.nasdaq.com/articles/10-stocks-to-buy-for-their-billion-dollar-buybacks-2021-10-08
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Once upon a time, everyone was doing share repurchases. Then Covid-19 hit, and businesses of all sizes were looking to conserve cash. As a result, repurchases went out of vogue. But now they’re back, and many investors look to buybacks as an indicator of stocks to buy for long-term profits.
In the second quarter of 2021, share repurchases for S&P 500 companies reached $198.8 billion. That’s up 11.6% from Q1 2021 and within $24.2 billion of the all-time high of $223 billion seen in Q4 2018.
7 Great Travel Stocks to Buy for Q4
Although 294 S&P 500 companies bought back $5 million or more of their stock in the second quarter, 20 stocks accounted for 55.7% of the dollar value of those buybacks.
Share repurchases are expected to continue to grow in the third and fourth quarters of 2021. With that in mind, here are 10 stocks to buy from companies that are buying back their shares in 2021:
Masco (NYSE:MAS)
Target (NYSE:TGT)
Dollar Tree (NASDAQ:DLTR)
Nucor (NYSE:NUE)
Deckers Outdoor (NYSE:DECK)
Bank of New York Mellon (NYSE:BK)
Home Depot (NYSE:HD)
Yum Brands (NYSE:YUM)
O’Reilly Automotive (NASDAQ:ORLY)
Microsoft (NASDAQ:MSFT)
Stocks to Buy: Masco (MAS)
Source: bogdanhoda / Shutterstock.com
Buyback Amount: $2 billion
Shares Repurchased in 2021: $750 million
In June, the home improvement and building products company announced a $350 million accelerated share repurchase (ASR) through the Royal Bank of Canada (NYSE:RY). It is part of the company’s $2 billion share repurchase authorization announced in February 2021.
Masco paid $58.41 for 85% of the $350 million. The final 15% will be based on the volume-weighted average price between June 9 and July 29. Masco’s current price is approximately the same amount as the price paid in June on its ASR.
The company’s free cash flow (FCF) over the trailing 12 months (TTM) is $780 million, or 104% of its share repurchases through the first six months of its fiscal year.
In November 2011, I recommended Sherwin-Williams’ (NYSE:SHW) stock over Masco. Over the past 10 years, Masco has had an annualized total return of 21.4%. That’s good, but not quite as good as SHW at 26.8%.
Sherwin-Williams remains the more focused company, but I like Masco over the long haul.
Target (TGT)
TGT) dog in a target store" width="300" height="169">
Source: Robert Gregory Griffeth / Shutterstock.com
Buyback Amount: $15 billion
Shares Repurchased in 2021: $2.7 billion
In the first six months of fiscal 2021, Target repurchased 12.7 million of its shares at an average price of $213.06. That’s up from $609 million in buybacks through the first six months of 2020.
In September 2019, the discount retailer’s board authorized a $5 billion share repurchase program. It started buying its shares in Q1 2020. In August 2021, it started a new $15 billion share repurchase program with no expiration.
To date, the company has repurchased $3.2 billion under the 2019 program. Once it completes the remaining $1.8 billion in buybacks, it will start on the $15 billion initiative. The company’s return on investment over 24 months is about 23%.
In April, I recommended seven retail stocks to buy with healthy e-commerce businesses. Target was one of the seven.
“One of the best CEO hires in recent retail history has got to be Brian Cornell at Target. The discount retailer was faltering badly when he joined the company in August 2014 after executive stints at PepsiCo (NASDAQ:PEP) and Sam’s Club. The first thing he did was close its Canadian stores at the cost of $5.4 billion,” I wrote.
Cornell isn’t quite in Hubert Joly territory — he rescued Best Buy (NYSE:BBY) from near death — but he’s easily one of the top five CEOs in retail.
Stocks to Buy: Dollar Tree (DLTR)
DLTR) during the day" width="300" height="169">
Source: digitalreflections / Shutterstock.com
Buyback Amount: $2.5 billion
Shares Repurchased in 2021: $950 million
In the six months ended July 31, the dollar-store chain repurchased 9.16 million shares of DLTR stock at an average price of $103.71. It did not repurchase any shares in the first six months of 2020. It has approximately $1.45 billion left on its repurchase authorization plan.
Dollar Tree’s share price is currently below the average price paid for its buybacks in 2021. Year-to-date (YTD) through Oct. 8, its stock is down almost 10%.
However, in a move to boost sales and profits, the company recently announced that it will begin selling items for more than $1. DLTR stock jumped by 18% on the news. The company’s Dollar Tree Plus stores will sell products for prices as high as $5 starting by the end of its fiscal year.
I don’t know what took it so long. Canada’s Dollarama (OTCMKTS:DLMAF) introduced price points above $1 in 2009.
Nucor (NUE)
Source: Shutterstock
Buyback Amount: $3 billion
Shares Repurchased in 2021: $916.1 million
The maker of steel products bought back 12.15 million of its shares in the first six months of fiscal 2021 at an average price of $75.40 a share. In May 2021, the board initiated a new share repurchase program of $3 billion. Approximately $2.8 billion is still available and the program has no expiration date.
In September, I selected Nucor and nine other companies whose stocks I thought were oversold and made good buys.
One of my favorite reasons to own NUE stock is that it generates significant FCF. In the trailing 12 months ended July 3, Nucor had FCF of $1.76 billion — plenty to buy more of its stock in the second half of the year.
Nucor was having a good year until mid-August, when lower commodity prices pushed its shares off an all-time high of $128.81. It now trades in the high-$90s.
7 Financial Stocks to Buy to Get Ready for the Fed's Next Move
Aggressive investors would be wise to consider picking up some shares while the price is less than $100.
Stocks to Buy: Deckers Outdoor (DECK)
Source: BalkansCat / Shutterstock
Buyback Amount: $750 million
Shares Repurchased in 2021: $82.2 million
Deckers, best known for its Ugg boots, saw its Hoka performance footwear blow past its other brands in recent quarters. Not only are its Hoka sales higher than those of Uggs, but the shoes are also more profitable.
In Q1 2022, Hoka had an operating profit of $46.4 million from $151.1 million in sales. That’s an operating margin of 30.5%, compared to 26.5% for Ugg.
If you’re a longtime owner of DECK stock, I wouldn’t get too worried. Ugg is still the number one revenue generator for the company. However, the first quarter isn’t a traditionally strong quarter for Ugg sales. So wait for the colder months to kick in.
In the meantime, the company repurchased 249,331 shares of its stock in the first quarter at an average price of $329.55. Its return on investment (ROI) on those buybacks is more than 11%. It has $728.5 million left under its existing share repurchase program.
Decker’s TTM FCF is $500 million. Its current FCF yield is 5%.
Bank of New York Mellon (BK)
Source: Chrispictures/Shutterstock.com
Buyback Amount: $6 billion
Shares Repurchased in 2021: $1.3 billion
In the first half of 2021 through the end of June, Bank of New York Mellon repurchased 29.6 million of its shares at an average price of $44.49. In the third quarter of 2021, it started its new $6 billion share repurchase program. It’s good through Q4 2022.
Bank of New York Mellon’s ROI on its 29.6 million shares is 27% through Oct. 8.
I honestly can’t remember the last time I mentioned BK stock in an article of mine. However, analysts seem to like the stock. The 19 covering it give BK stock an “overweight” rating and a median target price of $57.
Founded by Alexander Hamilton in 1784, Bank of New York Mellon is the world’s largest custodian bank. It has $41.1 trillion under its custody or administration. It might not be glamorous work, but it delivers steady profits.
7 Top-Rated Pharmaceutical Stocks To Invest in for October
Analysts expect it to earn $4.10 per share in 2021 and $4.49 in 2022. Thus, it trades at a reasonable 12.2x forward earnings.
Stocks to Buy: Home Depot (HD)
Source: Jonathan Weiss / Shutterstock.com
Buyback Amount: $20 billion
Shares Repurchased in 2021: $6.9 billion
In the first six months of its fiscal 2021, ended Aug. 1, Home Depot repurchased $6.9 billion of its stock. That’s almost nine times the amount it bought back in 2020. Buybacks were severely cut back last year to maintain liquidity during Covid-19.
The home improvement retailer repurchased 23 million shares of its stock in the first six months of 2021 at an average price of $300.22. In May, the board approved a new $20 billion share repurchase plan. There is approximately $17.6 billion outstanding and the program has no expiration date.
Due to the “essential services” tag given to home improvement centers during the pandemic, Home Depot generated $16.4 billion in free cash flow in 2021, 48% higher than in 2020.
In the second quarter, Home Depot hit $40 billion in sales for the first time in its history. But, retailer or not, HD stock always belongs in a long-term, diversified portfolio.
Yum Brands (YUM)
Source: designs by Jack / Shutterstock.com
Buyback Amount: $2 billion
Shares Repurchased in 2021: $530 million
In the first six months of 2021, the owner of Taco Bell, KFC and Pizza Hut repurchased 4.7 million of its shares at an average price of $111.64. As a result, it’s got an ROI of more than 10% on its 2021 buybacks to date.
The repurchases Yum made through the end of the second quarter were conducted under its November 2019 authorization. The new program for $2 billion is good from July 1, 2021 through Dec. 31, 2022. The last share repurchase plan expired with $1.2 billion outstanding.
In September, Yum Brands made a strategic acquisition of Dragontail Systems, an Australian company specializing in kitchen order management and delivery technology. Although it only paid $69 million for the company, it strengthened Yum’s delivery capabilities.
7 Best Dividend Stocks to Buy for October
Year-to-date, YUM stock has a total return of 14%, which is less than that of the entire U.S. market. However, over the past 52 weeks, it saw a total return of 32%, which is a far stronger showing.
Stocks to Buy: O’Reilly Automotive (ORLY)
Source: Jonathan Weiss / Shutterstock.com
Buyback Amount: $1 billion
Shares Repurchased in 2021: $2.2 billion
At first glance, the seller of aftermarket automotive parts looks as though it has a basic share repurchase program for $1 billion. However, a closer look shows it can buy so much more.
On page 11, note 8 of its Q2 2021 10-Q describes its share repurchase program in more detail. The $1 billion amount referred to above was an increase approved in February. In May, the board approved an additional $1.5 billion. As of June 30, it had $1.9 billion outstanding.
Since it initiated a program in January 2011, it’s repurchased $15.5 billion of its stock at an average price of $185.60. That’s a compound annual growth rate of 12.7% on the investment.
In June, I highlighted O’Reilly as one of seven companies with must-read shareholder letters. I was especially taken by its focus on customer service. But, of course, companies that put the customer first usually do alright.
ORLY is an excellent long-term buy.
Microsoft (MSFT)
Source: NYCStock / Shutterstock.com
Buyback Amount: $60 billion
Shares Repurchased in 2021: $23 billion
When you have a market capitalization above $2 trillion, you’re going to have a large share repurchase program in place. When CEO Satya Nadella took the helm in 2014, the buyback authorization was 33% less at $40 billion. On Sep. 14, the company increased its share repurchase program to $60 billion. It has no expiration.
In fiscal 2021, which ended June 30, it repurchased 101 million of its shares at an average price of $227.43. Its ROI on those 101 million shares is 29.8% based on current prices. The company had $8.7 billion remaining on its old $40-billion program as of June.
By every metric, Microsoft is operating at the top of its game. Revenues in 2021 were 21% higher at $46.2 billion. Net income increased 47% to $16.5 billion and free cash flow rose 24% to $56.1 billion.
Trading at 30x cash flow, it’s not cheap, but you get what you pay for.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
The post 10 Stocks to Buy for Their Billion-Dollar Buybacks appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With that in mind, here are 10 stocks to buy from companies that are buying back their shares in 2021: Masco (NYSE:MAS) Target (NYSE:TGT) Dollar Tree (NASDAQ:DLTR) Nucor (NYSE:NUE) Deckers Outdoor (NYSE:DECK) Bank of New York Mellon (NYSE:BK) Home Depot (NYSE:HD) Yum Brands (NYSE:YUM) O’Reilly Automotive (NASDAQ:ORLY) Microsoft (NASDAQ:MSFT) Stocks to Buy: Masco (MAS) Source: bogdanhoda / Shutterstock.com Buyback Amount: $2 billion Shares Repurchased in 2021: $750 million In June, the home improvement and building products company announced a $350 million accelerated share repurchase (ASR) through the Royal Bank of Canada (NYSE:RY). Stocks to Buy: Deckers Outdoor (DECK) Source: BalkansCat / Shutterstock Buyback Amount: $750 million Shares Repurchased in 2021: $82.2 million Deckers, best known for its Ugg boots, saw its Hoka performance footwear blow past its other brands in recent quarters. If you’re a longtime owner of DECK stock, I wouldn’t get too worried.
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With that in mind, here are 10 stocks to buy from companies that are buying back their shares in 2021: Masco (NYSE:MAS) Target (NYSE:TGT) Dollar Tree (NASDAQ:DLTR) Nucor (NYSE:NUE) Deckers Outdoor (NYSE:DECK) Bank of New York Mellon (NYSE:BK) Home Depot (NYSE:HD) Yum Brands (NYSE:YUM) O’Reilly Automotive (NASDAQ:ORLY) Microsoft (NASDAQ:MSFT) Stocks to Buy: Masco (MAS) Source: bogdanhoda / Shutterstock.com Buyback Amount: $2 billion Shares Repurchased in 2021: $750 million In June, the home improvement and building products company announced a $350 million accelerated share repurchase (ASR) through the Royal Bank of Canada (NYSE:RY). Stocks to Buy: Deckers Outdoor (DECK) Source: BalkansCat / Shutterstock Buyback Amount: $750 million Shares Repurchased in 2021: $82.2 million Deckers, best known for its Ugg boots, saw its Hoka performance footwear blow past its other brands in recent quarters. If you’re a longtime owner of DECK stock, I wouldn’t get too worried.
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With that in mind, here are 10 stocks to buy from companies that are buying back their shares in 2021: Masco (NYSE:MAS) Target (NYSE:TGT) Dollar Tree (NASDAQ:DLTR) Nucor (NYSE:NUE) Deckers Outdoor (NYSE:DECK) Bank of New York Mellon (NYSE:BK) Home Depot (NYSE:HD) Yum Brands (NYSE:YUM) O’Reilly Automotive (NASDAQ:ORLY) Microsoft (NASDAQ:MSFT) Stocks to Buy: Masco (MAS) Source: bogdanhoda / Shutterstock.com Buyback Amount: $2 billion Shares Repurchased in 2021: $750 million In June, the home improvement and building products company announced a $350 million accelerated share repurchase (ASR) through the Royal Bank of Canada (NYSE:RY). Stocks to Buy: Deckers Outdoor (DECK) Source: BalkansCat / Shutterstock Buyback Amount: $750 million Shares Repurchased in 2021: $82.2 million Deckers, best known for its Ugg boots, saw its Hoka performance footwear blow past its other brands in recent quarters. If you’re a longtime owner of DECK stock, I wouldn’t get too worried.
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With that in mind, here are 10 stocks to buy from companies that are buying back their shares in 2021: Masco (NYSE:MAS) Target (NYSE:TGT) Dollar Tree (NASDAQ:DLTR) Nucor (NYSE:NUE) Deckers Outdoor (NYSE:DECK) Bank of New York Mellon (NYSE:BK) Home Depot (NYSE:HD) Yum Brands (NYSE:YUM) O’Reilly Automotive (NASDAQ:ORLY) Microsoft (NASDAQ:MSFT) Stocks to Buy: Masco (MAS) Source: bogdanhoda / Shutterstock.com Buyback Amount: $2 billion Shares Repurchased in 2021: $750 million In June, the home improvement and building products company announced a $350 million accelerated share repurchase (ASR) through the Royal Bank of Canada (NYSE:RY). Stocks to Buy: Deckers Outdoor (DECK) Source: BalkansCat / Shutterstock Buyback Amount: $750 million Shares Repurchased in 2021: $82.2 million Deckers, best known for its Ugg boots, saw its Hoka performance footwear blow past its other brands in recent quarters. If you’re a longtime owner of DECK stock, I wouldn’t get too worried.
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5b742123-bcc1-400f-89df-5b6f31783117
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724079.0
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2021-10-07 00:00:00 UTC
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Do Deckers Outdoor's (NYSE:DECK) Earnings Warrant Your Attention?
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DECK
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https://www.nasdaq.com/articles/do-deckers-outdoors-nyse%3Adeck-earnings-warrant-your-attention-2021-10-07
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nan
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Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling short, can easily find investors. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.'
In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Deckers Outdoor (NYSE:DECK). Now, I'm not saying that the stock is necessarily undervalued today; but I can't shake an appreciation for the profitability of the business itself. While a well funded company may sustain losses for years, unless its owners have an endless appetite for subsidizing the customer, it will need to generate a profit eventually, or else breathe its last breath.
Deckers Outdoor's Earnings Per Share Are Growing.
As one of my mentors once told me, share price follows earnings per share (EPS). That makes EPS growth an attractive quality for any company. Who among us would not applaud Deckers Outdoor's stratospheric annual EPS growth of 58%, compound, over the last three years? Growth that fast may well be fleeting, but like a lotus blooming from a murky pond, it sparks joy for the wary stock pickers.
One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. Deckers Outdoor shareholders can take confidence from the fact that EBIT margins are up from 17% to 21%, and revenue is growing. Ticking those two boxes is a good sign of growth, in my book.
In the chart below, you can see how the company has grown earnings, and revenue, over time. For finer detail, click on the image.
NYSE:DECK Earnings and Revenue History October 7th 2021
You don't drive with your eyes on the rear-view mirror, so you might be more interested in this free report showing analyst forecasts for Deckers Outdoor's future profits.
Are Deckers Outdoor Insiders Aligned With All Shareholders?
Since Deckers Outdoor has a market capitalization of US$10b, we wouldn't expect insiders to hold a large percentage of shares. But we do take comfort from the fact that they are investors in the company. Notably, they have an enormous stake in the company, worth US$101m. I would find that kind of skin in the game quite encouraging, if I owned shares, since it would ensure that the leaders of the company would also experience my success, or failure, with the stock.
It means a lot to see insiders invested in the business, but I find myself wondering if remuneration policies are shareholder friendly. Well, based on the CEO pay, I'd say they are indeed. For companies with market capitalizations over US$8.0b, like Deckers Outdoor, the median CEO pay is around US$11m.
Deckers Outdoor offered total compensation worth US$7.9m to its CEO in the year to . That seems pretty reasonable, especially given its below the median for similar sized companies. While the level of CEO compensation isn't a huge factor in my view of the company, modest remuneration is a positive, because it suggests that the board keeps shareholder interests in mind. I'd also argue reasonable pay levels attest to good decision making more generally.
Does Deckers Outdoor Deserve A Spot On Your Watchlist?
Deckers Outdoor's earnings per share have taken off like a rocket aimed right at the moon. The cherry on top is that insiders own a bucket-load of shares, and the CEO pay seems really quite reasonable. The sharp increase in earnings could signal good business momentum. Big growth can make big winners, so I do think Deckers Outdoor is worth considering carefully. It is worth noting though that we have found 1 warning sign for Deckers Outdoor that you need to take into consideration.
You can invest in any company you want. But if you prefer to focus on stocks that have demonstrated insider buying, here is a list of companies with insider buying in the last three months.
Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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NYSE:DECK Earnings and Revenue History October 7th 2021 You don't drive with your eyes on the rear-view mirror, so you might be more interested in this free report showing analyst forecasts for Deckers Outdoor's future profits. In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Deckers Outdoor (NYSE:DECK). Deckers Outdoor's Earnings Per Share Are Growing.
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In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Deckers Outdoor (NYSE:DECK). For companies with market capitalizations over US$8.0b, like Deckers Outdoor, the median CEO pay is around US$11m. Deckers Outdoor's Earnings Per Share Are Growing.
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In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Deckers Outdoor (NYSE:DECK). NYSE:DECK Earnings and Revenue History October 7th 2021 You don't drive with your eyes on the rear-view mirror, so you might be more interested in this free report showing analyst forecasts for Deckers Outdoor's future profits. For companies with market capitalizations over US$8.0b, like Deckers Outdoor, the median CEO pay is around US$11m.
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Deckers Outdoor's Earnings Per Share Are Growing. Are Deckers Outdoor Insiders Aligned With All Shareholders? Deckers Outdoor offered total compensation worth US$7.9m to its CEO in the year to .
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470ecdbb-030a-4aed-b6fb-7e67fbb01a69
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724080.0
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2021-09-27 00:00:00 UTC
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Oversold Conditions For Deckers Outdoor (DECK)
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DECK
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https://www.nasdaq.com/articles/oversold-conditions-for-deckers-outdoor-deck-2021-09-27
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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 Monday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $379.875 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 50.3. A bullish investor could look at DECK's 29.5 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 $214.20 per share, with $451.49 as the 52 week high point — that compares with a last trade of $382.49.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $379.875 per share. A bullish investor could look at DECK's 29.5 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 $214.20 per share, with $451.49 as the 52 week high point — that compares with a last trade of $382.49.
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A bullish investor could look at DECK's 29.5 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 $214.20 per share, with $451.49 as the 52 week high point — that compares with a last trade of $382.49. In trading on Monday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $379.875 per share.
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In trading on Monday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $379.875 per share. A bullish investor could look at DECK's 29.5 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 $214.20 per share, with $451.49 as the 52 week high point — that compares with a last trade of $382.49.
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In trading on Monday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $379.875 per share. A bullish investor could look at DECK's 29.5 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 $214.20 per share, with $451.49 as the 52 week high point — that compares with a last trade of $382.49.
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a27fff02-5c22-4381-9d8b-22cfceec4c57
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724081.0
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2021-09-26 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Motley Fool - 9/26/2021
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-motley-fool-9-26-2021-2021-09-26
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nan
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nan
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The following are the top rated Consumer Cyclical stocks according to Validea's Small-Cap Growth Investor model based on the published strategy of Motley Fool. This strategy looks for small cap growth stocks with solid fundamentals and strong price performance.
HAVERTY FURNITURE COMPANIES, INC. (HVT) is a small-cap value stock in the Furniture & Fixtures industry. The rating according to our strategy based on Motley Fool is 76% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Haverty Furniture Companies, Inc. (Havertys) is a retailer of residential furniture and accessories. The Company operates 120 stores serves 84 cities in 16 states with approximately 4.4 million retail square feet. Its stores range in size from approximately 19,000 to 60,000 selling square feet with the average being approximately 35,000 square feet. All of its retail locations are operated using the Havertys name. Havertys 's targeted customers include college educated women in middle to upper-middle income households. The Company offers mattress product lines, such as Tempur-Pedic, Serta and Sealy in addition to its private label Skye. The Company offers its customers various methods to purchase or finance their sales, including financing by third-party finance companies.
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.
PROFIT MARGIN: PASS
RELATIVE STRENGTH: FAIL
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: PASS
INSIDER HOLDINGS: FAIL
CASH FLOW FROM OPERATIONS: PASS
PROFIT MARGIN CONSISTENCY: FAIL
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PASS
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: PASS
"THE FOOL RATIO" (P/E TO GROWTH): PASS
AVERAGE SHARES OUTSTANDING: PASS
SALES: FAIL
DAILY DOLLAR VOLUME: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: PASS
Detailed Analysis of HAVERTY FURNITURE COMPANIES, INC.
Full Guru Analysis for HVT>
Full Factor Report for HVT>
LOVESAC CO (LOVE) is a small-cap growth stock in the Furniture & Fixtures industry. The rating according to our strategy based on Motley Fool is 72% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: The Lovesac Company is an Omni-channel company that designs and manufactures modular couches and bean bags. The Company markets its modular couches under the name, Sactionals and its bean bags under the name, Sacs. The Sactionals are couch systems that consists of seats and sides. The Company has 66 showrooms in the United States. It also sells its products in malls and through online sites. The Company provides its products in a range of colors and fabrics and customizes the products in configuration and styles. It also offers accessories that include drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans.
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.
PROFIT MARGIN: PASS
RELATIVE STRENGTH: PASS
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: FAIL
INSIDER HOLDINGS: PASS
CASH FLOW FROM OPERATIONS: PASS
PROFIT MARGIN CONSISTENCY: FAIL
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PASS
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: PASS
"THE FOOL RATIO" (P/E TO GROWTH): FAIL
AVERAGE SHARES OUTSTANDING: PASS
SALES: PASS
DAILY DOLLAR VOLUME: FAIL
PRICE: PASS
INCOME TAX PERCENTAGE: FAIL
Detailed Analysis of LOVESAC CO
Full Guru Analysis for LOVE>
Full Factor Report for LOVE>
ETHAN ALLEN INTERIORS INC. (ETD) is a small-cap value stock in the Furniture & Fixtures industry. The rating according to our strategy based on Motley Fool is 69% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ethan Allen Interiors Inc. is an interior design company. The Company is a manufacturer and retailer in the home furnishings marketplace. It is an international home fashion brand that is vertically integrated from design through delivery. The Company operates through two segments: wholesale and retail. It provides complimentary interior design service to clients and sell a wide range of home furnishings through a retail network of approximately 300 design centers in the United States and abroad as well as online at ethanallen.com. The wholesale segment is principally involved in the development of the Ethan Allen brand and encompasses all aspects of design, manufacturing, sourcing, marketing, sale, and distribution of broad range of home furnishings and accents. It operates approximately 141 retail design centers with 136 located in the United States and five in Canada. The Company owns and operates nine manufacturing facilities.
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.
PROFIT MARGIN: PASS
RELATIVE STRENGTH: FAIL
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: FAIL
INSIDER HOLDINGS: FAIL
CASH FLOW FROM OPERATIONS: PASS
PROFIT MARGIN CONSISTENCY: FAIL
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PASS
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: PASS
"THE FOOL RATIO" (P/E TO GROWTH): PASS
AVERAGE SHARES OUTSTANDING: PASS
SALES: FAIL
DAILY DOLLAR VOLUME: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: PASS
Detailed Analysis of ETHAN ALLEN INTERIORS INC.
Full Guru Analysis for ETD>
Full Factor Report for ETD>
ARCIMOTO INC (FUV) is a small-cap value stock in the Auto & Truck Manufacturers industry. The rating according to our strategy based on Motley Fool is 69% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arcimoto, Inc. designs, develops, manufactures, sells and rents three-wheeled electric vehicles. The Company's vehicle products are based on the Arcimoto platform. Its products include Fun Utility Vehicle (FUV), Rapid Responder and Deliverator. The FUV is a flagship product of the Company that is purpose-built for everyday driving, transforming ordinary trips into pure-electric joyrides. The Rapid Responder is designed to perform emergency, security and law enforcement services. The Deliverator is a pure electric, last-mile delivery solution vehicle. The Company's two additional concept prototypes built on the Arcimoto platform are under development: The Cameo, is a FUV that is equipped with a rear-facing rear seat and a modified roof built for on-road filming; and the Roadster, a pure platform fun machine that offers a lower center of gravity and lower overall weight. Its products are available to preorder for customers in California, Oregon, Washington, and Florida.
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.
PROFIT MARGIN: FAIL
RELATIVE STRENGTH: FAIL
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: PASS
INSIDER HOLDINGS: PASS
CASH FLOW FROM OPERATIONS: FAIL
PROFIT MARGIN CONSISTENCY: PASS
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PASS
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: PASS
"THE FOOL RATIO" (P/E TO GROWTH): FAIL
AVERAGE SHARES OUTSTANDING: PASS
SALES: PASS
DAILY DOLLAR VOLUME: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: FAIL
Detailed Analysis of ARCIMOTO INC
Full Guru Analysis for FUV>
Full Factor Report for FUV>
DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. The rating according to our strategy based on Motley Fool is 68% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. The Company operates through six operating segments, the UGG brand segment offers footwear, apparel, and accessories with expanded product offerings. HOKA Brand segment provides footwear and apparel that offers enhanced cushioning and inherent stability with minimal weight. Teva Brand segment is a multi-category modern outdoor lifestyle brand offering a range of casual, and trail lifestyle products. Sanuk Brand segment is a lifestyle brand with a presence in the relaxed casual shoe and sandal categories. Other Brands segment consist of the Koolaburra by UGG brand. The Koolaburra brand is a casual footwear fashion line using sheepskin and other plush materials. The Direct-to-Consumer segment consist of retail stores and e-commerce websites which, in an omni-channel marketplace, are intertwined.
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.
PROFIT MARGIN: PASS
RELATIVE STRENGTH: FAIL
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: FAIL
INSIDER HOLDINGS: FAIL
CASH FLOW FROM OPERATIONS: PASS
PROFIT MARGIN CONSISTENCY: PASS
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PASS
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: PASS
"THE FOOL RATIO" (P/E TO GROWTH): PASS
AVERAGE SHARES OUTSTANDING: PASS
SALES: FAIL
DAILY DOLLAR VOLUME: FAIL
PRICE: PASS
INCOME TAX PERCENTAGE: FAIL
Detailed Analysis of DECKERS OUTDOOR CORP
Full Guru Analysis for DECK>
Full Factor Report for DECK>
More details on Validea's Motley Fool strategy
About Motley Fool: Brothers David and Tom Gardner often wear funny hats in public appearances, but they're hardly fools -- at least not the kind whose advice you should readily dismiss. The Gardners are the founders of the popular Motley Fool web site, which offers frank and often irreverent commentary on investing, the stock market, and personal finance. The Gardners' "Fool" really is a multi-media endeavor, offering not only its web content but also several books written by the brothers, a weekly syndicated newspaper column, and subscription newsletter services.
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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Detailed Analysis of ARCIMOTO INC Full Guru Analysis for FUV> Full Factor Report for FUV> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> More details on Validea's Motley Fool strategy About Motley Fool: Brothers David and Tom Gardner often wear funny hats in public appearances, but they're hardly fools -- at least not the kind whose advice you should readily dismiss.
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Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> More details on Validea's Motley Fool strategy About Motley Fool: Brothers David and Tom Gardner often wear funny hats in public appearances, but they're hardly fools -- at least not the kind whose advice you should readily dismiss. Detailed Analysis of ARCIMOTO INC Full Guru Analysis for FUV> Full Factor Report for FUV> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities.
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Detailed Analysis of ARCIMOTO INC Full Guru Analysis for FUV> Full Factor Report for FUV> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> More details on Validea's Motley Fool strategy About Motley Fool: Brothers David and Tom Gardner often wear funny hats in public appearances, but they're hardly fools -- at least not the kind whose advice you should readily dismiss.
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Detailed Analysis of ARCIMOTO INC Full Guru Analysis for FUV> Full Factor Report for FUV> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is a designer, marketer and distributor of footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> More details on Validea's Motley Fool strategy About Motley Fool: Brothers David and Tom Gardner often wear funny hats in public appearances, but they're hardly fools -- at least not the kind whose advice you should readily dismiss.
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859a1d0a-4bd5-4220-a763-5749c75fa778
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724082.0
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2021-09-24 00:00:00 UTC
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Friday's ETF with Unusual Volume: XMMO
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DECK
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https://www.nasdaq.com/articles/fridays-etf-with-unusual-volume%3A-xmmo-2021-09-24
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nan
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nan
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The Invesco S&P MidCap Momentum ETF (XMMO) is seeing unusually high volume in afternoon trading Friday, with over 198,000 shares traded versus three month average volume of about 33,000. Shares of XMMO were off about 0.3% on the day.
Components of that ETF with the highest volume on Friday were Cleveland-Cliffs (CLF), trading off about 0.1% with over 7.3 million shares changing hands so far this session, and United States Steel (X), up about 0.6% on volume of over 5.7 million shares. Avis Budget Group (CAR) is the component faring the best Friday, higher by about 2.5% on the day, while Deckers Outdoor (DECK) is lagging other components of the Invesco S&P MidCap Momentum ETF, trading lower by about 8.2%.
VIDEO: Friday's ETF with Unusual Volume: XMMO
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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Avis Budget Group (CAR) is the component faring the best Friday, higher by about 2.5% on the day, while Deckers Outdoor (DECK) is lagging other components of the Invesco S&P MidCap Momentum ETF, trading lower by about 8.2%. The Invesco S&P MidCap Momentum ETF (XMMO) is seeing unusually high volume in afternoon trading Friday, with over 198,000 shares traded versus three month average volume of about 33,000. Components of that ETF with the highest volume on Friday were Cleveland-Cliffs (CLF), trading off about 0.1% with over 7.3 million shares changing hands so far this session, and United States Steel (X), up about 0.6% on volume of over 5.7 million shares.
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Avis Budget Group (CAR) is the component faring the best Friday, higher by about 2.5% on the day, while Deckers Outdoor (DECK) is lagging other components of the Invesco S&P MidCap Momentum ETF, trading lower by about 8.2%. The Invesco S&P MidCap Momentum ETF (XMMO) is seeing unusually high volume in afternoon trading Friday, with over 198,000 shares traded versus three month average volume of about 33,000. VIDEO: Friday's ETF with Unusual Volume: XMMO 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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Avis Budget Group (CAR) is the component faring the best Friday, higher by about 2.5% on the day, while Deckers Outdoor (DECK) is lagging other components of the Invesco S&P MidCap Momentum ETF, trading lower by about 8.2%. The Invesco S&P MidCap Momentum ETF (XMMO) is seeing unusually high volume in afternoon trading Friday, with over 198,000 shares traded versus three month average volume of about 33,000. Components of that ETF with the highest volume on Friday were Cleveland-Cliffs (CLF), trading off about 0.1% with over 7.3 million shares changing hands so far this session, and United States Steel (X), up about 0.6% on volume of over 5.7 million shares.
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Avis Budget Group (CAR) is the component faring the best Friday, higher by about 2.5% on the day, while Deckers Outdoor (DECK) is lagging other components of the Invesco S&P MidCap Momentum ETF, trading lower by about 8.2%. Components of that ETF with the highest volume on Friday were Cleveland-Cliffs (CLF), trading off about 0.1% with over 7.3 million shares changing hands so far this session, and United States Steel (X), up about 0.6% on volume of over 5.7 million shares. VIDEO: Friday's ETF with Unusual Volume: XMMO 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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c5545942-5af8-4a5f-81ba-a993170c724e
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724083.0
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2021-09-16 00:00:00 UTC
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Noteworthy Thursday Option Activity: CSCO, DECK, BLI
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DECK
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-csco-deck-bli-2021-09-16
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cisco Systems Inc (Symbol: CSCO), where a total volume of 127,132 contracts has been traded thus far today, a contract volume which is representative of approximately 12.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 73.4% of CSCO's average daily trading volume over the past month, of 17.3 million shares. Especially high volume was seen for the $70 strike call option expiring January 21, 2022, with 13,615 contracts trading so far today, representing approximately 1.4 million underlying shares of CSCO. Below is a chart showing CSCO's trailing twelve month trading history, with the $70 strike highlighted in orange:
Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 2,371 contracts thus far today. That number of contracts represents approximately 237,100 underlying shares, working out to a sizeable 73.2% of DECK's average daily trading volume over the past month, of 323,995 shares. Especially high volume was seen for the $370 strike put option expiring December 17, 2021, with 385 contracts trading so far today, representing approximately 38,500 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $370 strike highlighted in orange:
And Berkeley Lights Inc (Symbol: BLI) options are showing a volume of 9,905 contracts thus far today. That number of contracts represents approximately 990,500 underlying shares, working out to a sizeable 73% of BLI's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $30 strike call option expiring October 15, 2021, with 2,255 contracts trading so far today, representing approximately 225,500 underlying shares of BLI. Below is a chart showing BLI's trailing twelve month trading history, with the $30 strike highlighted in orange:
For the various different available expirations for CSCO options, DECK options, or BLI options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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 $370 strike put option expiring December 17, 2021, with 385 contracts trading so far today, representing approximately 38,500 underlying shares of DECK. Below is a chart showing CSCO's trailing twelve month trading history, with the $70 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 2,371 contracts thus far today. That number of contracts represents approximately 237,100 underlying shares, working out to a sizeable 73.2% of DECK's average daily trading volume over the past month, of 323,995 shares.
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Below is a chart showing CSCO's trailing twelve month trading history, with the $70 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 2,371 contracts thus far today. That number of contracts represents approximately 237,100 underlying shares, working out to a sizeable 73.2% of DECK's average daily trading volume over the past month, of 323,995 shares. Especially high volume was seen for the $370 strike put option expiring December 17, 2021, with 385 contracts trading so far today, representing approximately 38,500 underlying shares of DECK.
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Below is a chart showing CSCO's trailing twelve month trading history, with the $70 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 2,371 contracts thus far today. That number of contracts represents approximately 237,100 underlying shares, working out to a sizeable 73.2% of DECK's average daily trading volume over the past month, of 323,995 shares. Especially high volume was seen for the $370 strike put option expiring December 17, 2021, with 385 contracts trading so far today, representing approximately 38,500 underlying shares of DECK.
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Especially high volume was seen for the $370 strike put option expiring December 17, 2021, with 385 contracts trading so far today, representing approximately 38,500 underlying shares of DECK. Below is a chart showing BLI's trailing twelve month trading history, with the $30 strike highlighted in orange: For the various different available expirations for CSCO options, DECK options, or BLI options, visit StockOptionsChannel.com. Below is a chart showing CSCO's trailing twelve month trading history, with the $70 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 2,371 contracts thus far today.
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e71ead19-02dd-4723-857c-e4643fb2f520
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724084.0
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2021-09-11 00:00:00 UTC
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Deckers Outdoor Corporation's (NYSE:DECK) Price Is Out Of Tune With Earnings
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corporations-nyse%3Adeck-price-is-out-of-tune-with-earnings-2021-09-11
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nan
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nan
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Deckers Outdoor Corporation's (NYSE:DECK) price-to-earnings (or "P/E") ratio of 26.6x might make it look like a strong sell right now compared to the market in the United States, where around half of the companies have P/E ratios below 17x and even P/E's below 9x are quite common. Although, it's not wise to just take the P/E at face value as there may be an explanation why it's so lofty.
Deckers Outdoor certainly has been doing a good job lately as it's been growing earnings more than most other companies. It seems that many are expecting the strong earnings performance to persist, which has raised the P/E. If not, then existing shareholders might be a little nervous about the viability of the share price.
NYSE:DECK Price Based on Past Earnings September 11th 2021
If you'd like to see what analysts are forecasting going forward, you should check out our free report on Deckers Outdoor.
Does Growth Match The High P/E?
The only time you'd be truly comfortable seeing a P/E as steep as Deckers Outdoor's is when the company's growth is on track to outshine the market decidedly.
Retrospectively, the last year delivered an exceptional 53% gain to the company's bottom line. Pleasingly, EPS has also lifted 290% in aggregate from three years ago, thanks to the last 12 months of growth. Accordingly, shareholders would have probably welcomed those medium-term rates of earnings growth.
Turning to the outlook, the next three years should generate growth of 13% per annum as estimated by the eleven analysts watching the company. With the market predicted to deliver 12% growth each year, the company is positioned for a comparable earnings result.
In light of this, it's curious that Deckers Outdoor's P/E sits above the majority of other companies. It seems most investors are ignoring the fairly average growth expectations and are willing to pay up for exposure to the stock. These shareholders may be setting themselves up for disappointment if the P/E falls to levels more in line with the growth outlook.
The Key Takeaway
Using the price-to-earnings ratio alone to determine if you should sell your stock isn't sensible, however it can be a practical guide to the company's future prospects.
Our examination of Deckers Outdoor's analyst forecasts revealed that its market-matching earnings outlook isn't impacting its high P/E as much as we would have predicted. Right now we are uncomfortable with the relatively high share price as the predicted future earnings aren't likely to support such positive sentiment for long. Unless these conditions improve, it's challenging to accept these prices as being reasonable.
And what about other risks? Every company has them, and we've spotted 1 warning sign for Deckers Outdoor you should know about.
If you're unsure about the strength of Deckers Outdoor's business, why not explore our interactive list of stocks with solid business fundamentals for some other companies you may have missed.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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NYSE:DECK Price Based on Past Earnings September 11th 2021 If you'd like to see what analysts are forecasting going forward, you should check out our free report on Deckers Outdoor. Our examination of Deckers Outdoor's analyst forecasts revealed that its market-matching earnings outlook isn't impacting its high P/E as much as we would have predicted. Deckers Outdoor Corporation's (NYSE:DECK) price-to-earnings (or "P/E") ratio of 26.6x might make it look like a strong sell right now compared to the market in the United States, where around half of the companies have P/E ratios below 17x and even P/E's below 9x are quite common.
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Deckers Outdoor Corporation's (NYSE:DECK) price-to-earnings (or "P/E") ratio of 26.6x might make it look like a strong sell right now compared to the market in the United States, where around half of the companies have P/E ratios below 17x and even P/E's below 9x are quite common. Deckers Outdoor certainly has been doing a good job lately as it's been growing earnings more than most other companies. NYSE:DECK Price Based on Past Earnings September 11th 2021 If you'd like to see what analysts are forecasting going forward, you should check out our free report on Deckers Outdoor.
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Deckers Outdoor Corporation's (NYSE:DECK) price-to-earnings (or "P/E") ratio of 26.6x might make it look like a strong sell right now compared to the market in the United States, where around half of the companies have P/E ratios below 17x and even P/E's below 9x are quite common. Our examination of Deckers Outdoor's analyst forecasts revealed that its market-matching earnings outlook isn't impacting its high P/E as much as we would have predicted. Deckers Outdoor certainly has been doing a good job lately as it's been growing earnings more than most other companies.
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Our examination of Deckers Outdoor's analyst forecasts revealed that its market-matching earnings outlook isn't impacting its high P/E as much as we would have predicted. Deckers Outdoor Corporation's (NYSE:DECK) price-to-earnings (or "P/E") ratio of 26.6x might make it look like a strong sell right now compared to the market in the United States, where around half of the companies have P/E ratios below 17x and even P/E's below 9x are quite common. Deckers Outdoor certainly has been doing a good job lately as it's been growing earnings more than most other companies.
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2021-07-30 00:00:00 UTC
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Deckers Outdoor Corporation (DECK) Q1 2022 Earnings Call Transcript
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https://www.nasdaq.com/articles/deckers-outdoor-corporation-deck-q1-2022-earnings-call-transcript-2021-07-30
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Image source: The Motley Fool.
Deckers Outdoor Corporation (NYSE: DECK)
Q1 2022 Earnings Call
Jul 29, 2021, 4:30 p.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good afternoon, and thank you for standing by. Welcome to the Deckers Brands First Quarter Fiscal 2022 Earnings Conference Call. [Operator Instructions] Following the presentation, we will conduct a question-and-answer session and instructions will be provided at that time for you to queue up for questions. [Operator Instructions]
I will now turn the call over to Erinn Kohler, Vice President of Investor Relations and Corporate Planning.
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Erinn Kohler -- Vice President, Investor Relations And Corporate Planning
Hello, and thank you, everyone, for joining us today. On the call is Dave Powers, President and Chief Executive Officer; and Steve Fasching, Chief Financial Officer. Before we begin, I would like to remind everyone of the company's safe harbor policy. Please note that certain statements made on this call are forward-looking statements within the meaning of the federal securities laws, which are subject to considerable risks and uncertainties.
These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements made on this call today, other than statements of historical facts are forward-looking statements and include statements regarding changes in consumer behavior, strength of our brands and demand for products; changes to our product allocation, segmentation and distribution strategies; changes to our marketing plans and strategies; changes to our capital allocation strategies; the impact of the COVID-19 pandemic on our business; our anticipated revenues; brand performance; product mix; gross margins; expenses and liquidity position; and our potential repurchase of shares.
Forward-looking statements made on this call represent management's current expectations and are based on information available at the time such statements are made. Forward-looking statements involve numerous known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from any results predicted, assumed or implied by the forward-looking statements.
The company has explained some of these risks and uncertainties and in its SEC filings, including in the Risk Factors section of its annual report on Form 10-K and quarterly reports on Form 10-Q. Except as required by law or the listing rules of the New York Stock Exchange, the company expressly disclaims any intent or obligation to update any forward-looking statements.
With that, I'll now turn it over to Dave.
Dave Powers -- Chief Executive Officer President And Director
Thanks, Erinn. Good afternoon, everyone, and thank you for joining us today. We are excited to discuss a strong start to fiscal year 2022 for our portfolio of category-leading brands. First quarter revenue increased 78% versus last year, to $505 million. Gross margin increased 130 basis points to 51.6%, and we delivered a profitable June ended quarter with earnings per share of $1.71.
While unique marketplace dynamics contributed to this, we believe the growing influence of HOKA, with its more evenly spread seasonal volumes, will continue to drive our organization toward a more balanced business across quarters. Performance in the first quarter was driven by global wholesale growth of the UGG, HOKA and Teva brands, whose compelling products are continuing to build market share and overcome a disruption in the channel that began during the pandemic.
The direct-to-consumer growth in HOKA, as the brand continues to build awareness through digital marketing, introduced innovative products and category disruptors that drive new consumer acquisition and deliver a consistent consumer experience for online replenishment. Additionally, our brands are benefiting from strategic marketplace management globally, which continues to drive high rates of full price selling across our entire portfolio of brands.
This quarter represents further progress toward our long-term strategies, which include accelerating consumer adoption of the HOKA brand globally, to build the brand's revenue to $1 billion and beyond, building UGG as a year-round global lifestyle brand through a diverse product offering and executing a digital-first approach by prioritizing direct-to-consumer acquisition online and working toward a direct business that will represent 50% of total revenue for the company over time.
While we remain firmly committed to these strategies over the long term, it is important to recognize certain aspects unique to fiscal 2022 related to lapping the pandemic, which is still having varying effects in different locations. Specific to the quarter just completed, we experienced higher wholesale shipment volumes as well as earlier shipments as compared to the prior year.
The earlier shipments primarily relate to replenishment of depleted UGG wholesale account inventories that resulted from exceptionally high levels of sell-through during fiscal 2021. These earlier shipments for UGG, combined with strong demand for spring and summer products across our entire portfolio of brands, drove a significant increase in our wholesale business.
Given the momentum of our brands and their respective market share opportunities, we are focused on meeting consumers where they want to shop to optimize growth in this less than certain marketplace, but remain committed to driving direct-to-consumer demand over the longer term. Steve will provide more detail around the unique dynamics we are anticipating for the balance of this year, later in the call.
For now, I will share more detail around first quarter brand and channel level performance and some context for the remainder of fiscal 2022. Starting with the brand highlights. Global UGG first quarter revenue increased 71% versus last year to $213 million. Performance was driven by strength in domestic and international wholesale as the brand lapped disruption in last year's spring season and refilled depleted domestic inventory that resulted from record sell-through in the prior season. Growth of international DTC, as UGG benefited from localized marketing investments to reignite the brand in Europe and China, which was partially offset by softness in domestic DTC resulting from the decline of extraordinary slipper growth unique to last year's stay at home orders.
The strength of Global UGG wholesale resulted from the brand's marketplace management strategies that left UGG with unusually lean inventories entering the year. This positioned UGG to accelerate some woodbefall shipments, helping avoid anticipated bottlenecks in the supply chain and providing the brand with an opportunity to meet in-store consumer demand.
We saw this strategy play out effectively as online traffic for UGG was predictably lower than last year's exceptionally high levels, while sell-through at physical retail is strong. With a highly fluid consumer environment, we're managing our omnichannel business to ensure UGG has a meaningful presence with the brand's target consumers' intent to spend. However, we continue to closely manage our product allocation and segmentation strategies to ensure UGG maintains healthy levels of full price sell-through. UGG continues to see high levels of consumer demand as the brand maintained positive mind share with 18 to 34 year olds in the US.
According to YouGov, brand consideration among women in this group remained roughly flat to last year's record highs. And among men, UGG brand consideration is at an all-time high. These new levels of consideration among men are leading to the growth of UGG Men's continuing to outpace that of the total brand.
Helping to drive more consumer loving connection for the brand, UGG recently held its fifth annual PROUD Prom event in partnership with the Pacific Pride Foundation. This event is an inclusive opportunity for UGG to connect with local LGBTQIA Plus and allied-youth from Santa Barbara and surrounding coastal communities that celebrates identity and love. This year's event featured friends of the UGG brand that included musical artists, Lil Nas X and actress Hari Nef.
Further on the brand building front, UGG has continued to engage with brands and designers to create powerful product collaborations that elevate the brand's fashion credibility and perception among consumers. In June, UGG teamed up with famed fashion designer, Telfar Clemens namesake brand, Telfar, to release the first of multiple product collaborations.
The first product drop sold out on ugg.com in just a few hours, but more importantly, garnered positive press with the brand, which included features in leading fashion publications. We are excited to once again collaborate with this exciting designer as we unveiled the second UGG x Telfar product drop in September which will include more footwear and apparel items.
From an international perspective, we have been pleased with the progress in Europe and Asia Pacific as the brand is building a younger audience through greater acceptance of the UGG brand's diverse product line. We are gaining confidence in the UGG brand's turnaround based on continued positive response from consumers in both regions. During the first quarter, DTC acquisition in Europe and the Asia Pacific region more than doubled pre-pandemic first quarter levels. And these new consumers are purchasing products such as fluff, sandals and sneakers.
With the strong sell-through UGG is experiencing within wholesale accounts, growth in our international DTC business and an exciting spring product innovations to come, UGG is well positioned to continued progress in the spring and summer season next year.
Looking ahead to the balance of this fiscal year, we expect UGG to continue experiencing elevated levels of global wholesale demand as we replenish domestic inventories and reignite the brand in Europe and China, maintain positive momentum with younger consumers around the world and work to convert a higher percentage of consumers to repeat purchases across categories, accelerate international DTC demand by showcasing the brand's diversified product offering through localized marketing tactics and mitigate pressures related to lapping heritage slipper demand in the US.
Overall, we feel very positive about the UGG brand start to this year and the teams are working hard to acquire new and repeat consumers around the world with bold and exciting products that provide the luxurious feeling above. Moving to HOKA. Global revenue for the first quarter increased 95% versus last year to $213 million. This quarter represented a significant milestone for Deckers and HOKA as the brand's revenue slightly surpassed that of UGG for the first time in the company's history.
As has become standard for HOKA, growth was balanced across the brand's ecosystem of access points with all regions and channels of distribution experiencing impressive growth. HOKA continues to build its consumer base through a combination of disruptive product innovation, emotionally connected inclusive marketing and a consistent consumer experience based on the premium quality of the brand's products and distribution partners.
Helping to drive the HOKA growth during the quarter, the brand launched an update to its flagship Clifton franchise with the introduction of the Clifton 8. This eighth-generation Clifton features the brand's all-new innovative ultralight midsole foam, which is designed to offer maximum cushion with an energetic response to each step. Consumers have enthusiastically embraced this franchise update, making the Clifton eight a top five style for hoka.com despite only launching in June.
Search interest for HOKA in the US continues to expand as the brand experienced a 69% increase versus last year's first quarter according to Google Trends. The Clifton eight launch helped boost traffic to hoka.com during the quarter. And on top of that, HOKA continues to build awareness with new consumers through targeted digital marketing. During Q1, 72% of online traffic was from consumers who had not previously shopped on the HOKA website.
We have been encouraged by the loyalty of consumers who buy HOKA online. During Q1, the number of consumers who purchased HOKA two more times increased 46% versus the prior year. Through these repeat purchases, HOKA is expanding closet share with existing consumers as the brand is seeing adoption across multiple categories. To help achieve this goal, the HOKA team is building innovative products in trail, hike and fitness categories.
At the beginning of July, HOKA launched a brand-new hiking silhouette known as the Anacapa, which is available in low and mid height. We are excited about the launch of this franchise, which is intended to build market share in the hiking category and attract new consumers to the HOKA brand.
This hiking boot features recycled materials, waterproof construction and a Vibram Megagrip outsole, but most importantly, is built with lightweight HOKA technology to feel like a sneaker. Coinciding with Anacapa launch, HOKA has teamed up with non-profit organization Soltrack, to encourage outdoor exploration by participating in the HOKA x Soul Trak Hike Challenge on the Strava application.
While virtual consumer touch points like the Strava challenge have been great avenues to connect with consumers globally. We have been excited about the return of in-person events over the last few months. In June, HOKA was a title sponsor of the Western States Endurance Run, which is the world's oldest 100-mile trail race. This event was the first trail ultramarathon to be covered by our live stream telecast with over 30 hours of coverage from start to finish.
Congratulations to HOKA Athlete, Jim Walmsley, who are the brand's EVO Speedgoat trail shoe and adventure bucket hat to win the Western States event for the third consecutive year. The HOKA team's approach to product, marketing and distribution has been highly effective in building consumer awareness and an affinity for the brand.
With the brand rooted in performance running, we continue to see higher awareness among those consumers, but recently, the growth of total consumers aware of HOKA has outpaced increases in awareness among runners, according to our proprietary HOKA brand tracking data. We view this as an important positive step in the evolution of HOKA and expanding the brand's addressable audience.
For the balance of this year, we anticipate HOKA growth will continue at an impressive rate. They were lower than the quarter just experienced, driven by new consumer acquisition, as the brand expands global awareness, including a key market focus in Germany, the U.K. and China, innovative product updates and increased category adoption from consumers, market share gains with wholesale partners across the globe, greater global brand presence through in-person event sponsorship and higher frequency product drops to maintain excitement with loyal consumers.
As we continue to scale HOKA, we are building the right team for the brand's long-term future success. As you may have seen in the press release not long ago, the brand has hired two key footwear design and apparel team members, intended to enhance the evolution of HOKA over the next three to five years.
Shifting to Teva. Global revenue in the first quarter increased 66% versus last year to $58 million. What is truly impressive about the standout quarter from Teva is the brand's growth in both fashion with its heritage Universal franchise and function with a more rugged Hurricane franchise.
Strength in the Hurricane franchise, we feel, has been driven by the brand's roots in the Grand Canyon, as national parks have seen record attendance this year. From a DTC perspective, Teva delivered solid growth on top of last year's extraordinary increase. As compared to last year's first quarter where Teva more than doubled consumer acquisition, the brand maintained a similar number of acquired consumers this year, increased retained consumers by 41% and saw a 10% increase in average order value among online purchasers.
Additionally, growth of 18 to 34-year-old consumers continue to outpace total consumer growth, leading to younger consumers, maintaining the largest mix among all age groups for Teva. For the balance of this year, Teva is expected to build market share with closed to products such as the brand's Ember franchise and increased DTC consumer acquisition and continue to grow the already high percentage of loyalty among 18 to 34-year-olds.
With respect to channel performance in Q1, global wholesale revenue increased 140%, as compared to last year. Wholesale growth was unique this quarter, as a result of disruption in the channel last year, refilling domestic UGG inventories that were depleted from record product sell-through and shipping UGG products earlier than in prior years in order to mitigate macro supply chain pressures.
As a result, UGG wholesale is up significantly relative to the past couple of years. HOKA also experienced meaningful growth as the brand is building market share and benefiting from the Clifton eight launch. From a direct-to-consumer standpoint, global revenue increased 15% versus last year's first quarter. HOKA drove the majority of DTC growth as the UGG brand was pressured by exceptional demand last year that resulted from the stay at home orders benefiting online sales in the slipper category.
Because of the pandemic disruption of both owned and wholesale physical retail locations last year, we experienced a significant increase in DTC mix during the first quarter of fiscal year 2021. Given physical store reopenings and shifting consumer shopping patterns, we saw a decline of DTC penetration this quarter as compared to last year but have been pleased to maintain DTC mix above pre-pandemic levels. Longer term, our focus remains on building DTC toward representing approximately 50% of our total business.
Before I hand off the call to Steve, I wanted to take a moment to highlight some of our brand's recent activities on the sustainability, ESG and DEI fronts, which we believe are having a positive impact on consumers' passion for our brands and the culture at the company. Over the past few months, our Deckers Gives program provided meaningful donations as nominated by our employees and community to 10 non-profit organizations championing racial and social justice. We have improved the diversity of hiring with 49% of new hires over the past year coming from by park communities.
HOKA received the 2020 Vendor Partner of the Year Award from REI in recognition of the brand's performance and commitment to doing business in the right way, and our employees are close to finishing our first ever plastic-free July competition, which aims to reduce the abuse of single-use plastics. Here at Deckers, we have a philosophy known as Do Good and Do Great, which is a core value that drives and inspires our company and our people to make a positive impact. Our progress in the ESG and DDI space exemplifies this philosophy and our journey continues.
With that, I'll hand the call over to Steve to provide further details on our first quarter financial results as well as our updated outlook on fiscal year 2022. Steve?
Steven J. Fasching -- Chief Financial Officer
Thanks, Dave, and good afternoon, everyone. As Dave just covered, fiscal 2022 is off to a great start, and we are proud to have delivered our most profitable first quarter ever. Our long-term strategies continue to serve us well. We are in an advantageous position with two of the most in-demand brands in the footwear space and considerable opportunity ahead for our brands.
While our strategies have helped propel performance, we recognize the existence of unique circumstances that have, in some cases, benefited results and in others put pressure on our brands. Through it all, we remain confident in the strength of our brands our solid operating foundation and ability to remain flexible and nimble in a dynamic marketplace.
First quarter fiscal 2022 revenue came in at $505 million, representing an increase of 78% versus the prior year. Performance in the quarter aligns with our setup for the year and discussed on our lastearnings call with shipping more products earlier this year as we look to mitigate exposure to supply chain challenges and get product into the marketplace.
Q1 growth versus the prior year was driven by the HOKA, UGG and Teva brands. And for the first time, HOKA contributed the largest share of revenue in a quarter at $213 million, an increase of 95%. UGG increased 71% over the prior year to $213 million with global wholesale and international DTC growth offsetting a difficult domestic DTC comparison. And Teva increased 66% over the prior year to $58 million based on the strength of domestic wholesale.
Across our entire portfolio of brands, HOKA was the primary driver of growth, increasing 140% over last year, in part due to unique marketplace dynamics which include lapping disruption in the channel last year, refilling depleted channel inventories for the domestic UGG accounts and shipping UGG product earlier than in the prior year to mitigate ongoing macro supply chain pressure and ensure we have product well positioned in the marketplace.
Irrespective of these unique dynamics specific to the pandemic, our brands are resonating well with consumers, and we are aggressively pursuing market share where we see opportunity. Gross margins for the quarter were up 130 basis points over last year to 51.6%. The increase was related to favorable brand and product mix as HOKA increased as a percentage of the total company and UGG benefited from earlier HOKA shipments of fall product.
A reduction in reserves related to uncertainty in the prior year and favorable foreign currency exchange rates with offsets from channel mix and greater utilization of air freight. SG&A dollar spend for the quarter was $199 million, up 32% from last year's $150 million. Higher spend was primarily driven by increased compensation related to higher warehouse wages, including hazard pay, onboarding additional talent to scale the organization and long-term incentive performance compensation, reflecting noncash expense.
Also, increased marketing to maintain momentum in our brands and reignite international markets for the UGG brand, increased variable warehouse logistics and IT costs with savings related to a reduction in bad debt. Our tax rate for the quarter was 21.9%, which compares to 1.2% benefit on last year's pre-tax loss. This all resulted in diluted earnings per share of $1.71 for the quarter, which compares to a basic loss per share of $0.28 in Q1 of fiscal year '21.
The nearly $2 increase as compared to last year was driven by revenue growth in HOKA, UGG and Teva, and related favorable mix of brand and product. SG&A leverage as revenue growth exceeded expense growth with offsets from channel mix favoring wholesale and taxes on net income this year as compared to last year's loss.
Turning to our balance sheet at June 30, 2021. We ended June with $957 million of cash and equivalents. Inventory was $458 million, up 5% from $435 million at the same time last year, and we had no outstanding borrowings. During the first quarter, we repurchased approximately $82 million worth of shares at an average price of $329.55. As of June 30, 2021, the company had $728 million remaining under its stock repurchase authorization.
Moving to our outlook, for fiscal year 2022, we are raising our guidance to reflect further strength in the HOKA and Teva brands and adjusting our gross margin and operating expense assumptions based on the latest available information. For the full fiscal year 2022, we now expect a year-over-year top line growth of 18% to 20%, resulting in revenue in the range of $3.01 billion to $3.06 billion, with HOKA increasing its growth rate over last year to be in the 50% range crossing the $850 million milestone.
UGG still growing in the high single-digit to low double-digit range. Teva now growing in the high teens range. Koolaburra is still growing in the low double-digit range and Sanuk is still expected to be approximately flat to last year. Gross margin is now expected to be slightly below 53%, which is lower than our prior guidance due to pressures from increasing costs related to ocean containers and greater utilization of air freight. SG&A is now expected to be approximately 35% of revenue, reflecting a similar dollar spend as reflected in our prior guidance on increased revenue estimates.
Similar to commentary from our year-end call, we expect SG&A spend to ramp throughout the year. The lowered ratio of spend to revenue is related to expected delays in the pace of hiring as the labor market remains highly competitive and more efficient variable marketing spend fueling demand for our brands.
We anticipate these adjustments will help offset higher-than-expected logistics costs that are pressuring gross margins, allowing us to maintain prior operating margin guidance of 17.5% to 18%. We still expect a tax rate of approximately 23%. With these updates and the share repurchase executed in the first quarter, we are raising our earnings per share guidance for fiscal year 2022 to now be in the range of $14.45 to $15.10.
As a reminder, during this fiscal year, we are thoughtfully investing to create the long-term future and success of Deckers. These foundational strategic investments include adding logistics capacity with another distribution center in the US and larger facilities internationally; enhancing consumer experience on our e-commerce platform with increased personalization capabilities; improving planning and data analytics with new tools to optimize logistics efficiencies and data insights; seating HOKA and reigniting UGG brand heat in China through localized investments; and bringing in new talent across the organization as we scale, enabling emerging opportunities with added capabilities.
And while disruption in the supply chain persists across the industry, we are working hard to mitigate impacts on our brands, including working with factories to prioritize certain products to ensure timely marketplace entry, planning greater DC bypass and collaborating with wholesale partners to get product onto shelves more quickly, utilizing air freight where necessary to maintain strategic product launches and optimizing distribution center workflow to support peak season DTC shipments.
While we have tried to incorporate what we know at this point, our full year guidance does not anticipate any further significant supply chain disruption, excludes any charges that may be considered onetime in nature and does not contemplate any impact from additional share repurchases. Our teams have a great handle on what is under our control and will remain nimble to react to this dynamic environment. Our brands are well positioned to deliver another fantastic year, despite these challenging circumstances. And I'd like to thank uor employees for their tremendous work and dedication to delivering consistently exceptional results. I'm excited for what lies ahead as we evolve our brands and business model to create the future of Deckers.
Thanks, everyone, and I'll now hand the call back to Dave for his final remarks.
Dave Powers -- Chief Executive Officer President And Director
Thanks, Steve. As we just covered, fiscal 2022 is off to a great start, and we are pleased with the result we have delivered despite their macro challenges. We are especially excited about the expanded consumer adoption we are seeing across brands, gender and categories within our entire portfolio. There is a high degree of confidence in our organization about the strong demand our brands are experiencing and our teams are working hard to minimize any macro pandemic-related challenges that persist in the current environment.
We are focused on our long-term strategies to increase consumer awareness and adoption of the HOKA brand to build a multibillion-dollar global performance brand over time, enhance the year-round adoption of UGG as a global lifestyle brand with broad acceptance of the brand's diverse product offering, and driving consumers to our online ecosystem to increase our DTC mix to 50% of total company revenues over time. We are actively building our workforce and making other key investments in the business to support these strategies now and for the future.
Thank you to all of our stakeholders for your continued support. With that, I'll turn the call over to the operator for Q&A. Operator?
Questions and Answers:
Operator
Thank you. [Operator Instructions] Our first question comes from Jay Sole from UBS. Please go ahead.
Jay Sole -- UBS -- Analyst
Great. Thank you so much. I just want to ask if you can elaborate a little bit on the growth with HOKA. Can you just talk about within the North America market, how much of the growth has been with new products? How much has been the existing products? How much is new doors? How much is just comp in the existing doors, particularly in the wholesale channel? And can you give us a sense of sort of what your expectation was for HOKA growth in Q1 versus where it shook out and sort of how do you see it playing out by quarter over the rest of the year? Thank you.
Dave Powers -- Chief Executive Officer President And Director
Yes. Thanks, Jay. I appreciate the question. Obviously, HOKA is on quite a tear. And the good news is that, it is absent really any increased distribution. So, we're continuing to sell in the very strategic accounts that we've been in. The only place we're really expanding a little bit is a few more doors and DICK'S going to 40 doors in DICK'S. And then in Nordstroms, we're about 25 doors, but not expected to go until more until the spring.
So, the growth that you experienced in the past quarter was driven largely by our DTC business and existing distribution. At the same time, the majority of the business that we're seeing is in core franchise styles such as Bondi and Clifton, but we're starting to see more adoption in for other categories as we talked about in trail and hike. The launch of Anacapa hiking boot has been received extremely well also.
So it's broad-based growth across both channels, across franchise styles and extended into new categories. And the demand is just continuing to be super strong. And the awareness of the brand among runners is still in the mid-20% and even lower across all consumers. So, what we find is when people hear about the brand and they try it, they're hooked and they're in.
So our job now is just continued to increase awareness and adoption of the brand in the existing distribution plan globally. So, we're super excited about how things are continuing to perform. The performance in the quarter, it was in line, but a little bit better than expected, hence the way for the rest of the year. And we're continuing to focus and drive that momentum and continue to reinvest marketing dollars to keep it going.
Steven J. Fasching -- Chief Financial Officer
Yes. And Jay, this is Steve. Just to add on to that. The -- so the improvement in revenue guidance that we're now flowing through for the full year outlook, the majority of that increase is coming from the better-than-expected results of HOKA in Q1. And I think as you think about the balance of the year, as we compare against bigger quarters last year, the percentage increase in growth is expected to reduce.
Overall, we're still growing significantly with HOKA, but we're going to start lapping bigger quarters against last year. So that percentage growth may decrease. And the nice thing about HOKA is, it's a nice balanced year, right? There isn't the seasonality that we have seen, say, with the UGG brand. So, as you think about HOKA continued growth, a little bit less on percentage terms and a nice balanced year.
Jay Sole -- UBS -- Analyst
Got it. Thank you so much.
Steven J. Fasching -- Chief Financial Officer
Thanks, Jay.
Operator
The next question comes from John Kernan from Cowen. Please go ahead.
John Kernan -- Cowen -- Analyst
Yes, excellent. Thanks for taking my question and congrats on a great start to the fiscal year.
Dave Powers -- Chief Executive Officer President And Director
Thanks, John.
John Kernan -- Cowen -- Analyst
You've talked about HOKA obviously being, I think, $50 million of the $60 million increase in guidance for revenue, but UGG had a phenomenal quarter in the first quarter. Can you talk to the dynamics of UGG that's embedded in the guidance for the rest of the year?
Dave Powers -- Chief Executive Officer President And Director
Yes, sure. I'll take a crack at it first. So I think, it goes back to what we said on the lastearnings call which was, we were going to shift UGG shipments earlier in the year. And part of the reason we haven't given quarterly guidance, is because we weren't certain of the timing of that. But I think as indicated in Q1, we have been able to ship more in Q1. So that's what's driven significant growth with the HOKA brand, but also within the wholesale channel. And just as a reminder there, the intent there was to get more product out into the marketplace, because we saw disruption within the supply chain.
So this was a strategic move on our part to work with wholesale customers to take product earlier than they traditionally do. And this is for UGG, right? This is what's really driving the UGG growth, to your question. So it's atypical in the sense of we're moving more product in Q1 in anticipation of mitigating supply chain disruption.
We've been able to move more, but it also aligns with what we said again on the lastearnings call which was, the growth of the UGG brand was really going to occur in the first half, as we were shipping and anticipate shipping in the first half, product that we typically have shipped on a wholesale account basis in Q3. And so that's what's driving the very strong UGG result in Q1.
Again, it's not necessarily that we're doing more at this stage, it's more about anticipating supply chain disruption and trying to get more product out into the marketplace to mitigate [Indecipherable]. But it also then allows us to focus on fulfillment of DTC as we get into that [Indecipherable]. So that's kind of the strategy and the growth behind UGG that you're seeing in Q1.
John Kernan -- Cowen -- Analyst
Understood. I don't think that's my line, but one more for me. You talked about DTC going to 50% longer term of the business. We can see from the model that's direct-to-consumer from a contribution margin or segment margin, you want to look at it, up 700 basis points over the last two years, and it's now exceeds wholesale in terms of overall margin. How should we think about the profitability of DTC versus wholesale as the scale toward 50%?
Steven J. Fasching -- Chief Financial Officer
Yes. We haven't given specifics on profitability other than to say our e-commerce channel is our most profitable segment, and hence, our significant emphasis on growing that part of the business and is the big driver of the total DTC growth to get to 50%. So again, we haven't given specifics on that per se in terms of profitability, but it is our most profitable channel and why we are intently focused on driving that proportion DTC as a total of sales to 50%.
John Kernan -- Cowen -- Analyst
That's great. Thank you.
Dave Powers -- Chief Executive Officer President And Director
Thanks, John.
Operator
The next question comes from Jim Duffy from Stifel. Please go ahead.
Jim Duffy -- Stifel -- Analyst
Thanks. Good afternoon, guys. Thanks for taking my question. I wanted to start asking about UGG and some of the seasonal and comparison influence. With the wholesale business, is there a possibility we're going to see similar pull forward from the fiscal third quarter, the fiscal second quarter or with more product now in the marketplace, should we not think about that as an influence? And then I'm also curious, the difficult comparison influence on DTC. Will that continue into the fiscal second quarter and fiscal third quarter?
Steven J. Fasching -- Chief Financial Officer
Yes. So Jim, I'll take a stab at first and Dav, feel free to jump in here. I think the HOKA dynamic is a little bit different than UGG. So with UGG, because of the seasonality of the business, it was easy to identify what we traditionally sell-in in Q3 and especially from a wholesale account and how we could identify and strategically move up some of those shipments.
With HOKA, what we're seeing is we're shipping to wholesale, but we're also seeing demand increase. And so that's where you're seeing the outperformance and the carry-through and the outperformance to our full year outlook. So there it's about really the success of HOKA driving kind of additional sales that we're seeing in the quarter.
What we're more aligned, I would say, in terms of kind of a traditional cadence as it relates to wholesale accounts for HOKA, there, it's about just getting inventory in to accommodate our wholesale dates, as well as some of the launch dates and that is where we are seeing some pressure and looking to expedite and use some of that air freight.
So there, it's a little bit about less pull forward, and it's more about seeing increased demand and how we meet that increased demand in the marketplace and bring product in, in an expedited manner to match that demand. And so that's where HOKA is a little bit different than UGG and a little bit more challenged in the sense of how much more can we do given constraints and disruption in the supply chain and how we then work around that with expedited freight. So it's not so much about a pull forward, but it's more about increasing demand and meeting that increased demand.
Jim Duffy -- Stifel -- Analyst
Okay. Related to that, before we get into the DTC comparison dynamic, Steve, the gross margin guidance change pencils to about $20 million. Is that all air freight? Is that how we should think of it?
Steven J. Fasching -- Chief Financial Officer
Yes. The large, large majority. So yes, I think the way you're thinking about it is about right in terms of what we anticipate, I would say, not just airfreight, but kind of all additional costs associated with trying to get inventory in sooner. So it's not solely all air freight, but air freight is a big component of that. We're also seeing increase in other costs related to trying to expedite shipping.
Jim Duffy -- Stifel -- Analyst
Okay. And then the DTC comparisons? Sorry, I know this is stretched to be more than one question. It was-it started as one, I promise. The DTC comparisons with strong slipper sales and so forth. Is that a dynamic you expect will challenge progress in the DTC business in fiscal 2Q, 3Q? Or are you kind of through that now, given?
Dave Powers -- Chief Executive Officer President And Director
Yes. Yes. I think it's to call the ball on that right now at this point, Jim. We did see a little bit of that challenge in lapping last year's stay at home orders because of primarily the slipper growth that we saw. I think you're going to still see some more challenges, more so on the UGG side of DTC as wholesale opens up versus last year. But our philosophy is at this point is, we want to be ready in all channels to wherever the consumer wants to shop. And so, we're making sure that we're getting our wholesale inventory levels in line. We're prepared on DTC, both in stores and e-commerce globally. And it's still a very uncertain environment.
So, if there are further lockdown orders or the Delta variant takes on a whole new life, we're going to be ready no matter where the consumer has to shop. But we're confident that we'll be ready to meet the demand across all those channels. So you'll probably still see a little bit more pressure on DTC in the short term. But longer term, we think we'll get back to a normal mix and a more increased growth in DTC over time.
Jim Duffy -- Stifel -- Analyst
Thank you so much guys.
Dave Powers -- Chief Executive Officer President And Director
Thanks Jim.
Operator
The next question comes from Sam Poser from Williams Trading. Please go ahead.
Sam Poser -- Williams Trading -- Analyst
Thank you for taking my question. So I'm just going to ask this. Could you give us what the DTC revenue was by brand for the quarter or the wholesale revenue by brand for the quarter, either way you want to do it?
Erinn Kohler -- Vice President, Investor Relations And Corporate Planning
Hi Sam, I'll take that one. So by brand, this will be global wholesale, including distributor. So for the total wholesale channel for UGG in the quarter, that was $135 million, for HOKA in the quarter, $151 million; Teva, $43 million; Sanuk $10 million; and other brands $4 million.
Sam Poser -- Williams Trading -- Analyst
Thank you very much. And then two other questions real quick. How do you view just the clean merchandise margins? What do they look like? What are you doing with pricing of products? And then do you have any thoughts on M&A, Dave? Thanks.
Dave Powers -- Chief Executive Officer President And Director
Yes. The first one is on margins and pricing. So as you know, we have a very tight and clean distribution for our -- all of our brands in wholesale, and we're maintaining high levels of full price sell-through. As far as price increases go, we haven't had dramatic price increases this year. The product is on the water, if not already in the DC and in the accounts. The margins of the product, the tier is considered in the guidance going forward with a little bit of hedging for some of the supply chain disruptions.
But we're pretty confident in the sell-through of the margin that we're going to have this year. Next year, we are looking at some price increases across the Board on a global level across all brands, it's an exercise. The management team is going to be going through the next couple of months to mitigate some of the potential expense increases that are coming down the pipe and the supply chain.
So this year, no price increases, steady, healthy margins is how we're looking at the business. We don't see any real reason to think differently about that. It's more about continuing high premium sell-through and distribution of the brands. From an M&A perspective, we've talked about this before. It's not a major priority for us. We are continuing to have conversations as we have had in the last three to five years. We're not looking at a major acquisition that's going to dramatically change the shape of the organization.
We feel we have so much organic growth among our marquee brands now, both across footwear, geography, channel and then ultimately with apparel. So we want to make sure we're not taking our eye off the ball, particularly in UGG and HOKA. But at the same time, we are interested in smaller brands, whether they're footwear or apparel that could provide healthy growth in the out years, three to five years from now. It's something that we can incubate, such as we've done with HOKA over the last nine or 10 years. And we feel right now, if we were going to do anything, it would be in that space, a smaller brand, but not a major priority. We're just continuing to have conversations and evaluate what's out there.
Sam Poser -- Williams Trading -- Analyst
Thanks very much. Continue the success.
Dave Powers -- Chief Executive Officer President And Director
Thank you.
Operator
The next question comes from Camilo Lyon from BTIG. Please go ahead.
Camilo Lyon -- `BTIG -- Analyst
Hi, everyone. Thank you. Dave, I was wondering if, given the consumer data that you're tracking and the work that you do on your own consumers that have come to your channel, have you seen those customers that were new to the brand last year that probably came through and bought slippers, come back this year and buy a different type of footwear products? Have you seen any sort of retention that's come back to the brand?
Dave Powers -- Chief Executive Officer President And Director
Yes, we're definitely seeing that, Camilo. What we talked about in the last couple of quarters is, we're bringing in a younger, more diverse consumer and this is for all of our brands. And then we are seeing more repeat purchases. So the trend that we talked about last year around this time in Q2, where people were coming to the brand and buying traditionally a classic, they're now coming in and buying a fluff or a different category of product for the first time.
And then they are coming back, particularly with the fluff franchise we've talked about, there's a lot of newness. There's a lot of excitement. There's a lot of innovation. And as we expand that franchise to be more of a sandal than a slipper, we're starting to get increased purchases that way as well.
We're also seeing really strong results from our loyalty program, and that's driving a significant amount of our sales and repeat purchases. So a lot of our repeat purchases are loyalty members. So what's great is we get these new consumers in, we get them signed up in our loyalty program and then we can cultivate new opportunities across a diverse category offering.
So this is a big change from where we've been in previous years, where we now have exciting, compelling product in -- beyond core classics in slippers and sandals and sneakers in rain boots, in fashion winter boots. And we're starting to see those categories really resonate, which is great. And as you know, that's a key strategy of ours is diversify.
And then obviously, some strong adoption that we're starting to see with apparel. So what gets me really excited about the UGG momentum right now is that it's broad-based. It's across genders, it's across categories, it's global. And we think that there's a lot more opportunity down the road to continue down some of these new categories and build more of a year-round business.
Camilo Lyon -- `BTIG -- Analyst
Okay. That's good to hear. Thank you for that color. If I could just ask just one more. I think Steve, you addressed this a little bit, but I want to kind of try and pin down and see if you can give us some sort of quantitative benchmarks to help understand the dynamics around slippers.
If you could help us understand the pre-pandemic mix of slippers in this quarter relative to what it was last year and what it went down to this year. And maybe help us understand how that will modulate into the next quarter. So just really trying to understand the depth of the comparison that we're facing as we transition into the fall season into a more normalized shopping behavior pattern relative to where we were last year at this time?
Steven J. Fasching -- Chief Financial Officer
Yes, sure, Camilo. And I can give you probably more high level overview rather than specific numbers because it's -- we're dealing with two unusual years here. So going back a year ago, right, with the pandemic kind of really taking effect as people were working from home, we saw a very significant increase in terms of the slipper business. And that was largely, again, from a channel basis then driven through our DTC business.
So we saw considerable growth with the UGG slipper business. We are comping that growth, but it's also changing because of this dynamic where we're shipping more product early this year. So, it's not a true apples-to-apples comparison. What we can say is that, we're continuing to see growth. Part of that growth is this year that we've shipped some of that product earlier.
And so, I think we need to see how the next few quarters play out in terms of that growth. The encouraging news is, it's still a growing category for us, even on top of last year's exceptional growth. But we are shipping some of that product earlier. And so, we'll see some of the growth moderate in future quarters, and we'll have a better read on it as we get through the season. But we're still encouraged by growth that we're seeing in that category.
Dave Powers -- Chief Executive Officer President And Director
Yes -- HOKA franchise is the number one style in for the quarter, similar to last year. So still seeing that strong reaction there, a little bit of growth in that style versus last year. But obviously, a very compelling program that we're going to continue to build on and there's still strong demand for it.
Camilo Lyon -- `BTIG -- Analyst
Got it. So that's encouraging to hear that. Slippers was part of that big replenishment that you had in this quarter. Is there a way to quantify what the total replenishment was to this quarter, if we separate out just generically spring product sell-through versus reflection? What does that add to the product?
Steven J. Fasching -- Chief Financial Officer
Yes. We don't -- there isn't a specific number to speak to yet in terms of replenishment because it will be dependent on kind of future sell-through too. So, we can't peg to a number at this stage. I would say stay tuned on that. What we are saying though is that the growth, as I mentioned on one of the previous questions that you're seeing in the UGG growth in the quarter, a good component of that is building inventory in the wholesale channel. So clearly, the replenishment will be dependent on what sells through of that.
And so that's where we need the next couple of quarters because we are shipping and did ship in Q1 some fall product, right? And this is all to mitigate some of the disruption that we're seeing with supply chain. So don't have a specific number at this stage other than to say, the growth that you're seeing in UGG wholesale in Q1 is really our strategy of getting more product out early to replenish inventory in the wholesale channel, which we've done. We are seeing good sell-through, but some of that product is there rebuilding inventory and then we'll see as we get through the next couple of quarters of how much of that rebuilt inventory versus how much of that sold through. And then we'll be in a better position to say how much is replenishment.
Camilo Lyon -- `BTIG -- Analyst
Very great color. One last one, if I could. Given that it's becoming pretty well known, I think even by consumers that inventories are fairly lean and if you see something may you want and you should probably buy it. Are you seeing that materialize in earlier purchases of fall products?
Dave Powers -- Chief Executive Officer President And Director
I wouldn't say that's necessarily happening just yet. What we're selling is a good healthy mix of spring and summer in fashion, classics and particularly in slippers and the new mill. If we're seeing it anywhere, it's probably in the new mill and the Classic Mini versus previous years, but we're not seeing a lot of early shopping based on inventory. We've been able to maintain a good healthy mix of inventory, the wholesale channels are getting fulfilled again and sell-through is healthy. But I wouldn't say we're necessarily seeing people shop early because they're afraid of not being able to get it.
Camilo Lyon -- `BTIG -- Analyst
Got it. Thanks a lot guys and good luck.
Operator
The next question comes from Jonathan Komp from Baird. Please go ahead.
Jonathan Komp -- Baird -- Analyst
Yes. Thank you. I want to ask about HOKA. Steve, maybe first, just when you think about seasonally for HOKA, typically, it looks like the first quarter is among the lowest in terms of the sales by quarter throughout the year. It doesn't look like that's the way you're planning or at least embedded in the guide. So any additional color kind of seasonally how we should think about HOKA and any constraints to growth, if there are any? And then, Dave, when you think about the view to a multi-brand, multibillion-dollar brand opportunity, could you share a little bit more just what that looks like when you think about geography, channel, product? Any sort of color you can on the mix in those areas?
Steven J. Fasching -- Chief Financial Officer
Sure, John. So I'll go first and talk a little bit about HOKA. So you're right. I think traditionally, we've seen Q1 be smaller. That is why you're seeing higher percentage growth currently. So as we see it become a more seasonally balanced brand, that's why you're seeing higher levels of growth in what have traditionally been or historically been smaller dollar a quarter. So with the higher percentage, they're catching up to some of the bigger quarters.
In terms of constraints, right now, it's not demand, it's product and getting product in quick enough to fulfill demand. There is demand out there for HOKA, and we're just trying to meet that demand in a constrained environment. And so again, to one of the earlier questions where I was talking about airfreight, HOKA is a brand that we're looking to expedite freight to get it in to meet the demand. So we've gotten a few questions in terms of HOKA, how we clearly, it is a big grower. It's growing very rapidly.
The challenge is more just us getting products made into the market. The sell-through is incredible. Pricing is very clean, sell-through is great. We're building the smaller quarters. And so here, the challenge really is just getting inventory in and getting it in time to meet the demand in the marketplace. And in some cases, that's where we're seeing some pressure with the brand. So overall, very healthy, growing incredibly well. We're very pleased with the progress that we're making, and we're just trying to keep up with the growth that we're seeing out there.
Dave Powers -- Chief Executive Officer President And Director
Jon, can you remind -- repeating the question you had about multi-brand?
Jonathan Komp -- Baird -- Analyst
Yes, yes. I misspoke. The multibillion-dollar opportunity you see for the HOKA brand, Dave, could you just talk about any broad strokes how you view that playing out by channel or geography or even product category? Just trying to conceptualize how you're thinking about the opportunity for HOKA?
Dave Powers -- Chief Executive Officer President And Director
Yes. I think, we think we can surpass the $1 billion milestone with current distribution and current category mix, so heavy on road and trail running, still primarily is our drivers of revenue and growth. So the Bondi Clifton franchises, as an example. Longer term, on a multibillion-dollar opportunity, continuing to take market share from our competitors globally in core run, really expanded outdoor hike business. REI is a great example of the potential there. We're starting to see traction beyond that and stealing market share there as well.
From a channel mix -- sorry, to finish also the -- there is also a significant lifestyle opportunity for us, and we're starting to see product in there in that category and seeing success there early on. And I think you'll see spring 2022 and fall 2023, some really compelling crossover styles that are still rooted in performance, but have a broader wearing appeal for consumers.
Ultimately, there is an apparel opportunity that we're incubating. As you saw, we brought in a new head it design for apparel, so we're getting serious about that. Broad-based will probably be larger international in the U.S. over time. But that is going to be driven by a healthy mix, probably 50% of DTC and 50% wholesale again and just continuing to increase the breadth of the line and increasing reach, in particular, places like Europe and Asia Pacific with a big focus on China on top of the continued growth in North America.
Jonathan Komp -- Baird -- Analyst
That's great. I appreciate all the color. Thank you.
Dave Powers -- Chief Executive Officer President And Director
You bet.
Operator
The next question comes from Janine Stichter from Jefferies. Please go ahead.
Janine Stichter -- Jefferies -- Analyst
Hi. Thanks so much for taking my question. I want to ask about the SG&A. I think you said you're looking at dollars similar to how you had previously planned it, but with the better sales. So can you help us just think about the relationship of fixed versus variable in the model? And then, it sounds like maybe there are some areas where you would ramp SG&A more if you could, maybe speak to those areas and what your optimal level of spend would be?
Steven J. Fasching -- Chief Financial Officer
Sure, Janine, I'll take that. So I think what we're seeing and what we spoke to on the lastearnings callis a commitment to increasing. So again, last year, I think as everyone acknowledged, it was a unique year in the sense that we saw an acceleration of revenue, and we weren't keeping pace necessarily with investments in a year of uncertainty. And so, we've approached this year much more around building capabilities in infrastructure and marketing for brand awareness, as we now look to continue to grow the organization and grow our brands. And so, you are seeing a step-up and a step up as a percentage of sales.
As we've currently guided in that, approximately 35% of revenue, that's a good -- it's a good point to be, we think, for the current year. What we do and are also doing is increasing our variable component of that. And so, with that, we're being very tight in terms of management on fixed costs, which is allowing us to create more variable spend, specifically around marketing and global marketing to build brand awareness. So as we're seeing tremendous growth with these brands, fueling that with marketing to drive brand awareness.
At the same time, we are leveraging our fixed costs, which is what you're -- what we're seeing in an overall picture, again, ignoring what happened last year to build that profile. And so, we're very comfortable with that. We like the profile of what we've got in the current guidance that gives us that flexibility. What we are seeing to that and what we've flowed through currently is, we're seeing some challenges with hiring and getting people when we thought.
And so, that is some of the reduction that you're seeing in the current SG&A guide versus the prior SG&A guide. That will be something that may change slightly in the future as we're trying to build talent in the organization to support the level of growth that we see in the coming years.
So overall, comfortable with what we're guiding this year, more variable to drive marketing globally and brand awareness globally, leveraging on the fixed cost, but also recognizing we're probably a little bit behind where we thought we would be a quarter ago and that's giving us a little bit of leverage in the current year.
Dave Powers -- Chief Executive Officer President And Director
Yes. And I would just add -- sorry, Janine, I'll just add to that, that we're having ongoing conversations about how we're tracking with hiring. As Steve said, that's a little bit more challenging in this environment than we anticipated. So anywhere that we have money that is not being spent on potentially freed up, we're doing our work to reallocate that to marketing dollars to drive the brand -- all brands going forward and also international growth so we can turn these markets around at a faster pace.
Janine Stichter -- Jefferies -- Analyst
Great. I know it's very hard to look out on a multiyear basis now, but you're very much in brand-building mode, especially for HOKA, but is -- do you think the level of marketing spend that you're at now, is that optimal? Or could we see that kind of start to moderate as the brand awareness starts to grow?
Dave Powers -- Chief Executive Officer President And Director
I think it's a very healthy rate right now for HOKA. The athletic sector tends to have higher rates of marketing with athletes and events and everything else. So it's working for us. We're continuing to drive it. I don't see us reducing that anytime soon. If we have an opportunity to ramp it up even more so, we probably will because we want to stay super aggressive and competitive here.
On the UGG side, we have been increasing the rate of spend over the last three years to very healthy and comparable to some of our peer groups. And we're going to continue raising that. But I think right now, we're in a very good spot where we have a lot of flexibility and agility with how we spend our money, where we spend our money by brand, region, channel and type, and we're constantly having conversations with our brand leaders and commercial teams on how we can optimize that. So marketing is a big lever for us. In this environment, we're competitive. We want to stay aggressive and we're going to put as much marketing dollars into play as we can, making sure that we also are building our infrastructure to support the growth that we're driving.
Janine Stichter -- Jefferies -- Analyst
Thank you. Thanks for all the color.
Dave Powers -- Chief Executive Officer President And Director
You bet.
Operator
And our last question comes from Mitch Kummetz from Pivotal Research. Please go ahead.
Mitch Kummetz -- Pivotal Research -- Analyst
Yes, thanks for taking my questions. Steve, on the earlier shipping that you talked a lot about, can you quantify the impact that, that had in the quarter? Your sales were up $228 million. I think you said earnings up nearly $2 from a year ago. Can you parse out the impact on those two numbers from the earlier shipping? And then I have a follow-up on UGG?
Steven J. Fasching -- Chief Financial Officer
Yes. So Mitch, it's a good question. And we haven't given quarterly guidance. So, what we're saying, and it's probably best viewed through the lens of the change in the annual guidance that we've given. So with increasing revenue, $60 million, what we're saying is what we've achieved, and again, this is largely through HOKA and Teva. That is better performance than what we expected. And that's where we're flowing through it on the year. In terms of UGG, what we're saying is that's largely us adhering to the strategy that we set out at the beginning of the year, which is ship as much as we can, as early as we can. And so that's why you're not necessarily seeing the change in the UGG full year outlook at this stage.
So I think in terms of the -- when you look at the change in Q1, we are shipping a lot more than what we historically do. That's not necessarily more business. Some of it is as demonstrated by the performance of HOKA and Teva. The UGG aspect is really more around the strategy of shipping more product early to replenish depleted inventories and set ourselves up for a successful fall season. That's what we're doing, and that's really what you're seeing in the numbers. Because of that outsized revenue increase and largely timing on the UGG side, it's driving a significant profit in the quarter, right?
Some of that is getting passed through. But again, not all of it is over performance, it's largely timing of performance. And so best viewed, again, through that lens of compare our full year outlook and there you can identify it. And then just speaking to the other components of the P&L. As we've talked about on previous questions, we are seeing pressure with supply chain constraints and bringing inventory in.
And so that is what's leading us to take down our gross margin profile as we expect to incur more costs on that front. And then we're able to offset some of those increases with some leverage in SG&A versus the prior guidance, which is allowing us to hold the operating profit profile, but with the increase in sales driving the lift in EPS that we're also passing through.
Mitch Kummetz -- Pivotal Research -- Analyst
And then just real quick on UGG maybe two quick ones. Just following up on Camilo's question around slippers and I can appreciate all the dynamics there that you mentioned. But I'm curious, the other guide is high singles to low doubles. Are you expecting slippers to be better or worse in line with that? And then maybe a second on UGG. You made some positive comments about men's consideration. Can you remind us kind of where the split is men's versus women's and kind of how the growth rates compare these days?
Steven J. Fasching -- Chief Financial Officer
Yes, sure. I think from an overall standpoint, right, as I said, we're still looking at growth. Again, it's not on a percentage basis similar to what you saw last year because of the dynamics of last year and what drove the growth there. But the good news is we're maintaining and continuing to build on that growth.
And then from a men's shift in terms of percentage of the business, we are continuing to see some increases as we resonate with the male consumer. Yes, we're still in kind of growing above or at kind of roughly around that 15% range, where historically, if you go back a few years, it was probably closer to around the 10% to 12%. So-yes, in proportion to sale. So not only are we growing the dollar amount, right?
We're also-we're growing the percentage of that business, too. So again, good growth increasing on the mail side. As Dave said earlier, as we're resonating kind of with younger consumers, that includes males and so bringing more new customers into the brand. Dave, did you have anything you want to add on that one?
Dave Powers -- Chief Executive Officer President And Director
Yeah. No, I think that's right. I think what we're seeing in men's, we've been at this for quite some time to make UGG relevant and exciting for the male consumer. The Foot Locker partnership has been a big catalyst for us there, including as well as Journeys. We're getting more penetration in wholesale for a men's product, led by the new mall, but also now adopting some of the slipper products and driving acquisition online in our e-commerce business and DTC business.
We have better strength in a place like China, where the penetration of men's is bigger and more broad-based. So we're going to continue to build on that. We're allocating more marketing dollars against the men's opportunity. We feel that, that is a significant space that we can build and take share from competitors in that space and be a meaningful brand for men over the long term.
So the progress there is exciting. And we have a new leader in the men's business that joined us during the pandemic, had tremendous experience in the innovation pipeline for product is strong, and we're going to continue to build on that. I would say, just in closing, I do want to say that I want to give the management team and the whole organization a lot of credit for the way they've managed the last 18 months. We've been maintaining a very aggressive mindset with these brands. We want to continue to steal share. We want to continue to get -- gain shelf space globally.
But the way the team -- the executive team and their teams globally have managed around factory planning, staying aggressive on the buys when other brands are cutting inventory. That has helped us tremendously. We're navigating through a lot of the supply chain issues through earlier shipments, close partnership with our key wholesalers to take product early, super tight marketplace management by our brands were saying clean and premium.
And the existing product pipeline and what's coming down from an innovation standpoint is incredibly compelling. So you combine all this with a very purpose-led culture, and there's a lot to be excited about at Deckers, and I'm really proud of the work the teams have done. And I'm very excited about what's ahead of us for all of our brands on a global scale. So we appreciate your time.
Operator
[Operator Closing Remarks]
Duration: 70 minutes
Call participants:
Erinn Kohler -- Vice President, Investor Relations And Corporate Planning
Dave Powers -- Chief Executive Officer President And Director
Steven J. Fasching -- Chief Financial Officer
Jay Sole -- UBS -- Analyst
John Kernan -- Cowen -- Analyst
Jim Duffy -- Stifel -- Analyst
Sam Poser -- Williams Trading -- Analyst
Camilo Lyon -- `BTIG -- Analyst
Jonathan Komp -- Baird -- Analyst
Janine Stichter -- Jefferies -- Analyst
Mitch Kummetz -- Pivotal Research -- Analyst
More DECK analysis
All earnings call transcripts
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corporation (NYSE: DECK) Q1 2022 Earnings Call Jul 29, 2021, 4:30 p.m. Welcome to the Deckers Brands First Quarter Fiscal 2022 Earnings Conference Call. 10 stocks we like better than Deckers Outdoor When our award-winning analyst team has a stock tip, it can pay to listen.
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Operator [Operator Closing Remarks] Duration: 70 minutes Call participants: Erinn Kohler -- Vice President, Investor Relations And Corporate Planning Dave Powers -- Chief Executive Officer President And Director Steven J. Fasching -- Chief Financial Officer Jay Sole -- UBS -- Analyst John Kernan -- Cowen -- Analyst Jim Duffy -- Stifel -- Analyst Sam Poser -- Williams Trading -- Analyst Camilo Lyon -- `BTIG -- Analyst Jonathan Komp -- Baird -- Analyst Janine Stichter -- Jefferies -- Analyst Mitch Kummetz -- Pivotal Research -- Analyst More DECK analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor Corporation (NYSE: DECK) Q1 2022 Earnings Call Jul 29, 2021, 4:30 p.m. Welcome to the Deckers Brands First Quarter Fiscal 2022 Earnings Conference Call.
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Operator [Operator Closing Remarks] Duration: 70 minutes Call participants: Erinn Kohler -- Vice President, Investor Relations And Corporate Planning Dave Powers -- Chief Executive Officer President And Director Steven J. Fasching -- Chief Financial Officer Jay Sole -- UBS -- Analyst John Kernan -- Cowen -- Analyst Jim Duffy -- Stifel -- Analyst Sam Poser -- Williams Trading -- Analyst Camilo Lyon -- `BTIG -- Analyst Jonathan Komp -- Baird -- Analyst Janine Stichter -- Jefferies -- Analyst Mitch Kummetz -- Pivotal Research -- Analyst More DECK analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor Corporation (NYSE: DECK) Q1 2022 Earnings Call Jul 29, 2021, 4:30 p.m. Welcome to the Deckers Brands First Quarter Fiscal 2022 Earnings Conference Call.
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Operator [Operator Closing Remarks] Duration: 70 minutes Call participants: Erinn Kohler -- Vice President, Investor Relations And Corporate Planning Dave Powers -- Chief Executive Officer President And Director Steven J. Fasching -- Chief Financial Officer Jay Sole -- UBS -- Analyst John Kernan -- Cowen -- Analyst Jim Duffy -- Stifel -- Analyst Sam Poser -- Williams Trading -- Analyst Camilo Lyon -- `BTIG -- Analyst Jonathan Komp -- Baird -- Analyst Janine Stichter -- Jefferies -- Analyst Mitch Kummetz -- Pivotal Research -- Analyst More DECK analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor Corporation (NYSE: DECK) Q1 2022 Earnings Call Jul 29, 2021, 4:30 p.m. Welcome to the Deckers Brands First Quarter Fiscal 2022 Earnings Conference Call.
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4ddeb42f-be15-4811-bcff-85e438a6b015
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724086.0
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2021-07-29 00:00:00 UTC
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EARNINGS SUMMARY: Details of Deckers Outdoor Corp Q1 Earnings Report
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DECK
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https://www.nasdaq.com/articles/earnings-summary%3A-details-of-deckers-outdoor-corp-q1-earnings-report-2021-07-29
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nan
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nan
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(RTTNews) - Below are the earnings highlights for Deckers Outdoor Corp (DECK):
-Earnings: $48.12 million in Q1 vs. -$7.97 million in the same period last year. -EPS: $1.71 in Q1 vs. -$0.28 in the same period last year. -Analysts projected -$0.14 per share -Revenue: $504.68 million in Q1 vs. $283.17 million in the same period last year.
-Guidance: Full year EPS guidance: $14.45 to $15.10 Full year revenue guidance: $3.01 - $3.06 Bln
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for Deckers Outdoor Corp (DECK): -Earnings: $48.12 million in Q1 vs. -$7.97 million in the same period last year. -Analysts projected -$0.14 per share -Revenue: $504.68 million in Q1 vs. $283.17 million in the same period last year. -Guidance: Full year EPS guidance: $14.45 to $15.10 Full year revenue guidance: $3.01 - $3.06 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for Deckers Outdoor Corp (DECK): -Earnings: $48.12 million in Q1 vs. -$7.97 million in the same period last year. -Analysts projected -$0.14 per share -Revenue: $504.68 million in Q1 vs. $283.17 million in the same period last year. -Guidance: Full year EPS guidance: $14.45 to $15.10 Full year revenue guidance: $3.01 - $3.06 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for Deckers Outdoor Corp (DECK): -Earnings: $48.12 million in Q1 vs. -$7.97 million in the same period last year. -Analysts projected -$0.14 per share -Revenue: $504.68 million in Q1 vs. $283.17 million in the same period last year. -Guidance: Full year EPS guidance: $14.45 to $15.10 Full year revenue guidance: $3.01 - $3.06 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for Deckers Outdoor Corp (DECK): -Earnings: $48.12 million in Q1 vs. -$7.97 million in the same period last year. -EPS: $1.71 in Q1 vs. -$0.28 in the same period last year. -Analysts projected -$0.14 per share -Revenue: $504.68 million in Q1 vs. $283.17 million in the same period last year.
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5c293987-d833-4531-8eb0-642929350d6c
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724087.0
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2021-07-26 00:00:00 UTC
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DECK Crosses Above Average Analyst Target
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DECK
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https://www.nasdaq.com/articles/deck-crosses-above-average-analyst-target-2021-07-26
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nan
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nan
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In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $405.50, changing hands for $405.92/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 10 different analyst targets within the Zacks coverage universe contributing to that average for Deckers Outdoor Corp., but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $295.00. And then on the other side of the spectrum one analyst has a target as high as $447.00. The standard deviation is $52.205.
But the whole reason to look at the average DECK price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DECK crossing above that average target price of $405.50/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $405.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Deckers Outdoor Corp.:
RECENT DECK ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 9 10 10 10
Buy ratings: 0 0 0 0
Hold ratings: 0 0 0 0
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 1.0 1.0 1.0 1.0
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on DECK — FREE.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $405.50, changing hands for $405.92/share. But the whole reason to look at the average DECK price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DECK crossing above that average target price of $405.50/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $405.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $405.50, changing hands for $405.92/share. But the whole reason to look at the average DECK price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. There are 10 different analyst targets within the Zacks coverage universe contributing to that average for Deckers Outdoor Corp., but the average is just that — a mathematical average.
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There are 10 different analyst targets within the Zacks coverage universe contributing to that average for Deckers Outdoor Corp., but the average is just that — a mathematical average. And so with DECK crossing above that average target price of $405.50/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $405.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $405.50, changing hands for $405.92/share.
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In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $405.50, changing hands for $405.92/share. There are 10 different analyst targets within the Zacks coverage universe contributing to that average for Deckers Outdoor Corp., but the average is just that — a mathematical average. But the whole reason to look at the average DECK price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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05870c31-aebe-4324-a289-f0d3a780eee8
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724088.0
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2021-07-25 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Benjamin Graham - 7/25/2021
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-benjamin-graham-7-25-2021-2021-07-25
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nan
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nan
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The following are the top rated Consumer Cyclical stocks according to Validea's Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth.
G-III APPAREL GROUP, LTD. (GIII) is a small-cap growth stock in the Apparel/Accessories industry. The rating according to our strategy based on Benjamin Graham is 86% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women's suits and women's performance wear, as well as women's handbags, footwear, small leather goods, cold weather accessories and luggage. The Company's owned brands include Donna Karan, DKNY, DKNY Jeans, Vilebrequin, G-III Sports by Carl Banks, Eliza J, Black Rivet and Jessica Howard. It has fashion licenses under the Calvin Klein, Tommy Hilfiger, Karl Lagerfeld, Kenneth Cole, Cole Haan and Dockers brands. Through its team sports business, it has licenses with the National Football League, National Basketball Association, Major League Baseball and National Hockey League. It also operates retail stores under the Donna Karan, Wilsons Leather, Bass, G.H. Bass & Co., Vilebrequin and Calvin Klein Performance names.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: FAIL
PRICE/BOOK RATIO: PASS
Detailed Analysis of G-III APPAREL GROUP, LTD.
Full Guru Analysis for GIII>
Full Factor Report for GIII>
SMITH & WESSON BRANDS INC (SWBI) is a small-cap value stock in the Recreational Products industry. The rating according to our strategy based on Benjamin Graham is 86% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Smith & Wesson Brands, Inc., formerly American Outdoor Brands Corporation, is a manufacturer of firearms products. The Company's segment includes the Firearms. The Firearms segment manufactures handgun, long gun, and suppressor products sold under the Smith & Wesson, M&P, Thompson/Center Arms brands, and Gemtech. The Company also provides manufacturing services including forging, machining, and precision plastic injection molding services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: PASS
PRICE/BOOK RATIO: FAIL
Detailed Analysis of SMITH & WESSON BRANDS INC
Full Guru Analysis for SWBI>
Full Factor Report for SWBI>
ACUITY BRANDS, INC. (AYI) is a mid-cap growth stock in the Furniture & Fixtures industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Acuity Brands, Inc. is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America. It offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, industrial, infrastructure and residential applications. The portfolio of lighting solutions include lighting products utilizing fluorescent, light emitting diode (LED), organic LED (OLED), high intensity discharge, metal halide, and incandescent light sources to illuminate a number of applications. The solutions portfolio of the Company includes modular wiring, LED drivers, sensors, glass and inverters sold primarily to original equipment manufacturers (OEMs). Its lighting and building management solutions are marketed under various brand names, including Lithonia Lighting and Holophane. The Company also offers indoor mapping and location platform that supports navigation applications.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: FAIL
PRICE/BOOK RATIO: FAIL
Detailed Analysis of ACUITY BRANDS, INC.
Full Guru Analysis for AYI>
Full Factor Report for AYI>
COLUMBIA SPORTSWEAR COMPANY (COLM) is a mid-cap growth stock in the Apparel/Accessories industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada. The Company develops and manages its merchandise in categories, including apparel, accessories and equipment, and footwear. It distributes its products through a mix of wholesale distribution channels, its own direct-to-consumer channels (retail stores and e-commerce), independent distributors and licensees. As of December 31, 2016, its products were sold in approximately 90 countries. In 59 of those countries, it sells to independent distributors to whom it has granted distribution rights. Contract manufacturers located outside the United States manufacture all of its products.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: FAIL
PRICE/BOOK RATIO: FAIL
Detailed Analysis of COLUMBIA SPORTSWEAR COMPANY
Full Guru Analysis for COLM>
Full Factor Report for COLM>
DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company's segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business. The Company sells accessories, such as handbags and loungewear, through domestic and international retailers, international distributors and directly to end user consumers both domestically and internationally, through its Websites, call centers and retail stores. The Company markets its products primarily under three brands: UGG, Teva and Sanuk. The Company's other brands include Hoka One One (Hoka), Ahnu and Koolaburra by UGG (Koolaburra). It has a total of over 150 retail stores across the world.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: FAIL
PRICE/BOOK RATIO: FAIL
Detailed Analysis of DECKERS OUTDOOR CORP
Full Guru Analysis for DECK>
Full Factor Report for DECK>
More details on Validea's Benjamin Graham strategy
Benjamin Graham Stock Ideas
About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the "Father of Value Investing" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Detailed Analysis of COLUMBIA SPORTSWEAR COMPANY Full Guru Analysis for COLM> Full Factor Report for COLM> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> More details on Validea's Benjamin Graham strategy Benjamin Graham Stock Ideas About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976.
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Detailed Analysis of COLUMBIA SPORTSWEAR COMPANY Full Guru Analysis for COLM> Full Factor Report for COLM> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> More details on Validea's Benjamin Graham strategy Benjamin Graham Stock Ideas About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities.
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Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> More details on Validea's Benjamin Graham strategy Benjamin Graham Stock Ideas About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Detailed Analysis of COLUMBIA SPORTSWEAR COMPANY Full Guru Analysis for COLM> Full Factor Report for COLM> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities.
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Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> More details on Validea's Benjamin Graham strategy Benjamin Graham Stock Ideas About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Detailed Analysis of COLUMBIA SPORTSWEAR COMPANY Full Guru Analysis for COLM> Full Factor Report for COLM> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities.
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b040f2f9-7751-428e-8e0c-8cf27d0abe3b
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724089.0
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2021-07-25 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Martin Zweig - 7/25/2021
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-martin-zweig-7-25-2021-2021-07-25
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nan
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The following are the top rated Consumer Cyclical stocks according to Validea's Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
O'REILLY AUTOMOTIVE INC (ORLY) is a large-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Martin Zweig is 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: O'Reilly Automotive, Inc. is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company's product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories. The Company's stores offer various services and programs to its customers, such as used oil, oil filter and battery recycling; battery diagnostic testing; electrical and module testing; check engine light code extraction; loaner tool program; custom hydraulic hoses, and machine shops.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of O'REILLY AUTOMOTIVE INC
Full Guru Analysis for ORLY>
Full Factor Report for ORLY>
AUTOZONE, INC. (AZO) is a large-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Martin Zweig is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AutoZone, Inc. is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of February 10, 2018, the Company operated through 6,088 locations in the United States, Puerto Rico, Mexico and Brazil. The Company's stores carry product lines for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. The Company's other operating segments include ALLDATA, which produces, sells and maintains diagnostic and repair information software used in the automotive repair industry, and E-commerce, which includes direct sales to customers through www.autozone.com.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of AUTOZONE, INC.
Full Guru Analysis for AZO>
Full Factor Report for AZO>
DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. The rating according to our strategy based on Martin Zweig is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company's segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business. The Company sells accessories, such as handbags and loungewear, through domestic and international retailers, international distributors and directly to end user consumers both domestically and internationally, through its Websites, call centers and retail stores. The Company markets its products primarily under three brands: UGG, Teva and Sanuk. The Company's other brands include Hoka One One (Hoka), Ahnu and Koolaburra by UGG (Koolaburra). It has a total of over 150 retail stores across the world.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of DECKERS OUTDOOR CORP
Full Guru Analysis for DECK>
Full Factor Report for DECK>
HAVERTY FURNITURE COMPANIES, INC. (HVT) is a small-cap value stock in the Furniture & Fixtures industry. The rating according to our strategy based on Martin Zweig is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Haverty Furniture Companies, Inc. is a retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website, havertys.com. As of December 31, 2016, the Company had 124 stores in 16 states in the Southern and Midwest regions. As of December 31, 2016, the Company's retail store space totaled approximately 4.5 million square feet for 124 stores. It also offers financing through a third-party finance company, as well as an internal revolving charge credit plan. The Company's retail locations are operated using the Havertys name. It offers mattress product lines, such as Sealy, Tempur-Pedic, Serta, Stearns & Foster and Beautyrest Black. The Company's customers are college educated women in middle to upper-middle income households. The Company stores are located in areas, including Florida, Texas, North Carolina, Tennessee and Maryland.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of HAVERTY FURNITURE COMPANIES, INC.
Full Guru Analysis for HVT>
Full Factor Report for HVT>
SONY GROUP CORP (ADR) (SONY) is a large-cap value stock in the Audio & Video Equipment industry. The rating according to our strategy based on Martin Zweig is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Sony Corporation is engaged in the development, design, production, manufacture and sale of various electronic equipment, instruments and devices for consumer, professional and industrial markets such as network services, game hardware and software, televisions, audio and video recorders and players, still and video cameras, mobile phones, and semiconductors. The Company engages in the development, production, manufacture, and distribution of recorded music and the management and licensing of the words and music of songs as well as the production and distribution of animation titles, including game applications based on animation titles. It also engages in motion pictures and television programming and television and digital networks business, and various financial services businesses. It includes Mobile Communications, Game & Network Services, Music, Films, Home Entertainment & Sound, Imaging Products & Solutions, Semiconductors, Financial Services and All Other segments.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of SONY GROUP CORP (ADR)
Full Guru Analysis for SONY>
Full Factor Report for SONY>
More details on Validea's Martin Zweig strategy
About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Zweig has managed both mutual and hedge funds during his career, and he's put the fortune he's compiled to some interesting uses. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports.
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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Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Detailed Analysis of AUTOZONE, INC. Full Guru Analysis for AZO> Full Factor Report for AZO> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> HAVERTY FURNITURE COMPANIES, INC. (HVT) is a small-cap value stock in the Furniture & Fixtures industry.
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Detailed Analysis of AUTOZONE, INC. Full Guru Analysis for AZO> Full Factor Report for AZO> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> HAVERTY FURNITURE COMPANIES, INC. (HVT) is a small-cap value stock in the Furniture & Fixtures industry.
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Detailed Analysis of AUTOZONE, INC. Full Guru Analysis for AZO> Full Factor Report for AZO> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> HAVERTY FURNITURE COMPANIES, INC. (HVT) is a small-cap value stock in the Furniture & Fixtures industry.
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Detailed Analysis of AUTOZONE, INC. Full Guru Analysis for AZO> Full Factor Report for AZO> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> HAVERTY FURNITURE COMPANIES, INC. (HVT) is a small-cap value stock in the Furniture & Fixtures industry.
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5c425ed5-3e39-45a6-b206-ad29872fd8da
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724090.0
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2021-07-25 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Motley Fool - 7/25/2021
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-motley-fool-7-25-2021-2021-07-25
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nan
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nan
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The following are the top rated Consumer Cyclical stocks according to Validea's Small-Cap Growth Investor model based on the published strategy of Motley Fool. This strategy looks for small cap growth stocks with solid fundamentals and strong price performance.
HAVERTY FURNITURE COMPANIES, INC. (HVT) is a small-cap value stock in the Furniture & Fixtures industry. The rating according to our strategy based on Motley Fool is 83% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Haverty Furniture Companies, Inc. is a retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website, havertys.com. As of December 31, 2016, the Company had 124 stores in 16 states in the Southern and Midwest regions. As of December 31, 2016, the Company's retail store space totaled approximately 4.5 million square feet for 124 stores. It also offers financing through a third-party finance company, as well as an internal revolving charge credit plan. The Company's retail locations are operated using the Havertys name. It offers mattress product lines, such as Sealy, Tempur-Pedic, Serta, Stearns & Foster and Beautyrest Black. The Company's customers are college educated women in middle to upper-middle income households. The Company stores are located in areas, including Florida, Texas, North Carolina, Tennessee and Maryland.
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.
PROFIT MARGIN: PASS
RELATIVE STRENGTH: PASS
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: PASS
INSIDER HOLDINGS: FAIL
CASH FLOW FROM OPERATIONS: PASS
PROFIT MARGIN CONSISTENCY: FAIL
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PASS
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: PASS
"THE FOOL RATIO" (P/E TO GROWTH): PASS
AVERAGE SHARES OUTSTANDING: PASS
SALES: FAIL
DAILY DOLLAR VOLUME: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: PASS
Detailed Analysis of HAVERTY FURNITURE COMPANIES, INC.
Full Guru Analysis for HVT>
Full Factor Report for HVT>
ROCKY BRANDS INC (RCKY) is a small-cap growth stock in the Footwear industry. The rating according to our strategy based on Motley Fool is 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Rocky Brands, Inc. is a designer, manufacturer and marketer of footwear and apparel marketed under a portfolio of brand names, including Rocky, Georgia Boot, Durango, Lehigh and the licensed brand Michelin. The Company operates its business through three segments: wholesale, retail and military. In its wholesale segment, the Company distributes its products through a range of distribution channels representing over 10,000 retail store locations in the United States and Canada, as well as in other international markets. Its wholesale channels vary by product line and include sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants and uniform stores. In its retail segment, the Company sells its products directly to consumers through its consumer and business direct Websites and its Rocky outlet store. In its military segment, the Company sells footwear under the Rocky label to the United States military.
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.
PROFIT MARGIN: PASS
RELATIVE STRENGTH: PASS
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: PASS
INSIDER HOLDINGS: FAIL
CASH FLOW FROM OPERATIONS: PASS
PROFIT MARGIN CONSISTENCY: PASS
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: FAIL
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: FAIL
"THE FOOL RATIO" (P/E TO GROWTH): PASS
AVERAGE SHARES OUTSTANDING: PASS
SALES: PASS
DAILY DOLLAR VOLUME: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: PASS
Detailed Analysis of ROCKY BRANDS INC
Full Guru Analysis for RCKY>
Full Factor Report for RCKY>
DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. The rating according to our strategy based on Motley Fool is 75% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company's segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business. The Company sells accessories, such as handbags and loungewear, through domestic and international retailers, international distributors and directly to end user consumers both domestically and internationally, through its Websites, call centers and retail stores. The Company markets its products primarily under three brands: UGG, Teva and Sanuk. The Company's other brands include Hoka One One (Hoka), Ahnu and Koolaburra by UGG (Koolaburra). It has a total of over 150 retail stores across the world.
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.
PROFIT MARGIN: PASS
RELATIVE STRENGTH: FAIL
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: PASS
INSIDER HOLDINGS: FAIL
CASH FLOW FROM OPERATIONS: PASS
PROFIT MARGIN CONSISTENCY: PASS
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PASS
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: PASS
"THE FOOL RATIO" (P/E TO GROWTH): PASS
AVERAGE SHARES OUTSTANDING: PASS
SALES: FAIL
DAILY DOLLAR VOLUME: FAIL
PRICE: PASS
INCOME TAX PERCENTAGE: FAIL
Detailed Analysis of DECKERS OUTDOOR CORP
Full Guru Analysis for DECK>
Full Factor Report for DECK>
KOSS CORPORATION (KOSS) is a small-cap growth stock in the Audio & Video Equipment industry. The rating according to our strategy based on Motley Fool is 72% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Koss Corporation is engaged in the design, manufacture and sale of stereo headphones and related accessory products. The Company operates in the audio/video industry segment of the home entertainment industry. It markets a line of headphones, wireless Bluetooth headphones, wireless Bluetooth speakers, computer headsets, telecommunications headsets, active noise canceling headphones, and compact disc recordings of American Symphony Orchestras on the Koss Classics label. It markets products used by consumers to listen to music, digital versatile discs (DVDs) in vehicles, sound bytes on computer systems, and other audio related media. The Company's products are sold through retailers, distributors, audio specialty stores, the Internet, direct mail catalogs, regional department store chains, discount department stores, grocery stores, electronics retailers, military exchanges and prisons. It has a manufacturing facility in Milwaukee, Wisconsin. Koss U.K. Limited is its subsidiary.
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.
PROFIT MARGIN: FAIL
RELATIVE STRENGTH: PASS
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: FAIL
INSIDER HOLDINGS: PASS
CASH FLOW FROM OPERATIONS: PASS
PROFIT MARGIN CONSISTENCY: PASS
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PASS
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: PASS
"THE FOOL RATIO" (P/E TO GROWTH): FAIL
AVERAGE SHARES OUTSTANDING: PASS
SALES: PASS
DAILY DOLLAR VOLUME: FAIL
PRICE: PASS
INCOME TAX PERCENTAGE: FAIL
Detailed Analysis of KOSS CORPORATION
Full Guru Analysis for KOSS>
Full Factor Report for KOSS>
ARCIMOTO INC (FUV) is a small-cap growth stock in the Auto & Truck Manufacturers industry. The rating according to our strategy based on Motley Fool is 65% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arcimoto, Inc. designs, develops, manufactures, sells and rents three-wheeled electric vehicles. The Company's vehicle products are based on the Arcimoto platform. Its products include Fun Utility Vehicle (FUV), Rapid Responder and Deliverator. The FUV is a flagship product of the Company that is purpose-built for everyday driving, transforming ordinary trips into pure-electric joyrides. The Rapid Responder is designed to perform emergency, security and law enforcement services. The Deliverator is a pure electric, last-mile delivery solution vehicle. The Company's two additional concept prototypes built on the Arcimoto platform are under development: The Cameo, is a FUV that is equipped with a rear-facing rear seat and a modified roof built for on-road filming; and the Roadster, a pure platform fun machine that offers a lower center of gravity and lower overall weight. Its products are available to preorder for customers in California, Oregon, Washington, and Florida.
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.
PROFIT MARGIN: FAIL
RELATIVE STRENGTH: PASS
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: FAIL
INSIDER HOLDINGS: PASS
CASH FLOW FROM OPERATIONS: FAIL
PROFIT MARGIN CONSISTENCY: PASS
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PASS
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: PASS
"THE FOOL RATIO" (P/E TO GROWTH): FAIL
AVERAGE SHARES OUTSTANDING: PASS
SALES: PASS
DAILY DOLLAR VOLUME: FAIL
PRICE: PASS
INCOME TAX PERCENTAGE: FAIL
Detailed Analysis of ARCIMOTO INC
Full Guru Analysis for FUV>
Full Factor Report for FUV>
More details on Validea's Motley Fool strategy
About Motley Fool: Brothers David and Tom Gardner often wear funny hats in public appearances, but they're hardly fools -- at least not the kind whose advice you should readily dismiss. The Gardners are the founders of the popular Motley Fool web site, which offers frank and often irreverent commentary on investing, the stock market, and personal finance. The Gardners' "Fool" really is a multi-media endeavor, offering not only its web content but also several books written by the brothers, a weekly syndicated newspaper column, and subscription newsletter services.
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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Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Detailed Analysis of ROCKY BRANDS INC Full Guru Analysis for RCKY> Full Factor Report for RCKY> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> KOSS CORPORATION (KOSS) is a small-cap growth stock in the Audio & Video Equipment industry.
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Detailed Analysis of ROCKY BRANDS INC Full Guru Analysis for RCKY> Full Factor Report for RCKY> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> KOSS CORPORATION (KOSS) is a small-cap growth stock in the Audio & Video Equipment industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities.
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Detailed Analysis of ROCKY BRANDS INC Full Guru Analysis for RCKY> Full Factor Report for RCKY> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> KOSS CORPORATION (KOSS) is a small-cap growth stock in the Audio & Video Equipment industry.
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Detailed Analysis of ROCKY BRANDS INC Full Guru Analysis for RCKY> Full Factor Report for RCKY> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> KOSS CORPORATION (KOSS) is a small-cap growth stock in the Audio & Video Equipment industry.
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802b7bc6-0edc-491d-9430-e6de1db56218
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724091.0
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2021-07-23 00:00:00 UTC
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Does This Under-the-Radar Footwear Stock Belong in Your Portfolio?
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DECK
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https://www.nasdaq.com/articles/does-this-under-the-radar-footwear-stock-belong-in-your-portfolio-2021-07-23
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nan
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nan
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A lot of investors focus their attention on large- and mega-cap stocks like Amazon and Netflix. However, some of the best future opportunities can be found in smaller companies with market caps under $25 billion, and sometimes much smaller. One under-the-radar footwear company with a strong track record is Deckers Outdoor (NYSE: DECK), owner of the Ugg and Hoka One One brands.
Does this mid-cap stock with a market cap of $10.7 billion belong in your portfolio?
Image source: Getty Images.
What is Deckers Outdoor?
Deckers Outdoor IPO'ed in 1993 and has traded publicly ever since. It started with a focus on sandals, signing a contract to distribute Teva Sandals (one of its five core brands today) in 1985. In 1995, Deckers acquired Ugg Holdings. Ugg is currently Deckers' number one segment by revenue, driving the majority of its historical growth. The brand brought in $1.7 billion in revenue in its latest fiscal year, making up around 68% of the company's consolidated sales.
Rounding out Deckers' portfolio are Hoka One One endurance and running shoes, Sanuk (another sandal and surfer brand), and Koolaburra (a spin-off brand from Ugg). In its latest fiscal year, which ended this March, Deckers Outdoor brought in $2.55 billion in revenue, $504 million in operating income, and had earnings per share of $13.47. Recently, Deckers has made a big push to sell through its direct-to-consumer (DTC) channels, which include e-commerce sites and the 140 global retail stores it owns. In the last fiscal year, DTC sales grew 44.8% year over year to over $1 billion. DTC sales have higher gross margins than wholesale, which is why Deckers is focused on transitioning its customers to these channels over time.
HOKA ONE ONE is growing rapidly
Next fiscal year, Deckers is guiding at the high end of its guidance for $3 billion in sales and $540 million in operating income. A lot of this growth is expected to come from Hoka One One. The running and hiking footwear line grew sales 62% last year to $571 million, greatly outpacing Deckers' overall sales growth of 19%.
On the latest conference call, management reiterated that it expects Hoka One One to continue growing at a rapid pace and hit $1 billion in annual sales in the near future. With the sneaker market projected to hit $100 billion just in the U.S. by 2025, Deckers has tons of room to grow if it can keep convincing endurance athletes to buy Hoka One One shoes.
Valuation is sensible
Deckers Outdoor currently has a market cap of $10.7 billion. If it can hit the high end of its guidance, the stock will trade at a forward price-to-operating-income (P/OI) of 19.8. Deckers has seen a strong inflection in free cash flow over the last few years, generating $564 million over the last 12 months.
Management also has a strong track record of returning cash to shareholders through share repurchases. Over the past decade-plus, Deckers' share count has fallen from just under 40 million to 27.8 million, where it sits today. Last quarter, Deckers announced a new $750 million repurchase authorization, which should further reduce share count over the next few years, thereby increasing the earnings power of each share held by investors. With $1 billion in cash on its balance sheet, no debt, and a growing portfolio of footwear brands, Deckers can comfortably repurchase a lot more of its stock going forward.
Does it belong in your portfolio?
With the stock trading at a reasonable valuation, if you believe in the growth and durability of Deckers' core brands (Ugg, Hoka One One, Sanuk, Teva, and Koolaburra) and that management will continue buying back stock, Deckers looks like a buy at these prices. Of course, there are risks that Ugg could fall out of favor, or that Hoka One One might not have staying power in the endurance and fitness community, but with a forward operating income ratio below 20, this stock looks like it could be a great long-term holding.
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Brett Schafer has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Amazon and Netflix. The Motley Fool recommends the following options: long January 2022 $1,920 calls on Amazon and short January 2022 $1,940 calls on Amazon. 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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Recently, Deckers has made a big push to sell through its direct-to-consumer (DTC) channels, which include e-commerce sites and the 140 global retail stores it owns. One under-the-radar footwear company with a strong track record is Deckers Outdoor (NYSE: DECK), owner of the Ugg and Hoka One One brands. What is Deckers Outdoor?
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Rounding out Deckers' portfolio are Hoka One One endurance and running shoes, Sanuk (another sandal and surfer brand), and Koolaburra (a spin-off brand from Ugg). In its latest fiscal year, which ended this March, Deckers Outdoor brought in $2.55 billion in revenue, $504 million in operating income, and had earnings per share of $13.47. With the stock trading at a reasonable valuation, if you believe in the growth and durability of Deckers' core brands (Ugg, Hoka One One, Sanuk, Teva, and Koolaburra) and that management will continue buying back stock, Deckers looks like a buy at these prices.
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HOKA ONE ONE is growing rapidly Next fiscal year, Deckers is guiding at the high end of its guidance for $3 billion in sales and $540 million in operating income. With $1 billion in cash on its balance sheet, no debt, and a growing portfolio of footwear brands, Deckers can comfortably repurchase a lot more of its stock going forward. With the stock trading at a reasonable valuation, if you believe in the growth and durability of Deckers' core brands (Ugg, Hoka One One, Sanuk, Teva, and Koolaburra) and that management will continue buying back stock, Deckers looks like a buy at these prices.
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With $1 billion in cash on its balance sheet, no debt, and a growing portfolio of footwear brands, Deckers can comfortably repurchase a lot more of its stock going forward. With the stock trading at a reasonable valuation, if you believe in the growth and durability of Deckers' core brands (Ugg, Hoka One One, Sanuk, Teva, and Koolaburra) and that management will continue buying back stock, Deckers looks like a buy at these prices. One under-the-radar footwear company with a strong track record is Deckers Outdoor (NYSE: DECK), owner of the Ugg and Hoka One One brands.
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cb58a836-83af-4b30-859a-33b42633c116
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724092.0
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2021-07-20 00:00:00 UTC
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Are Robust Financials Driving The Recent Rally In Deckers Outdoor Corporation's (NYSE:DECK) Stock?
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DECK
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https://www.nasdaq.com/articles/are-robust-financials-driving-the-recent-rally-in-deckers-outdoor-corporations-nyse%3Adeck
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nan
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nan
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Most readers would already be aware that Deckers Outdoor's (NYSE:DECK) stock increased significantly by 15% over the past month. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Particularly, we will be paying attention to Deckers Outdoor's ROE today.
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits.
How To Calculate Return On Equity?
The formula for return on equity is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for Deckers Outdoor is:
26% = US$383m ÷ US$1.4b (Based on the trailing twelve months to March 2021).
The 'return' is the yearly profit. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.26.
Why Is ROE Important For Earnings Growth?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes.
Deckers Outdoor's Earnings Growth And 26% ROE
To begin with, Deckers Outdoor has a pretty high ROE which is interesting. Secondly, even when compared to the industry average of 11% the company's ROE is quite impressive. So, the substantial 38% net income growth seen by Deckers Outdoor over the past five years isn't overly surprising.
When you consider the fact that the industry earnings have shrunk at a rate of 13% in the same period, the company's net income growth is pretty remarkable.
NYSE:DECK Past Earnings Growth July 20th 2021
Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. Is Deckers Outdoor fairly valued compared to other companies? These 3 valuation measures might help you decide.
Is Deckers Outdoor Efficiently Re-investing Its Profits?
Conclusion
In total, we are pretty happy with Deckers Outdoor's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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Most readers would already be aware that Deckers Outdoor's (NYSE:DECK) stock increased significantly by 15% over the past month. Particularly, we will be paying attention to Deckers Outdoor's ROE today. The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Deckers Outdoor is: 26% = US$383m ÷ US$1.4b (Based on the trailing twelve months to March 2021).
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The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Deckers Outdoor is: 26% = US$383m ÷ US$1.4b (Based on the trailing twelve months to March 2021). Deckers Outdoor's Earnings Growth And 26% ROE To begin with, Deckers Outdoor has a pretty high ROE which is interesting. NYSE:DECK Past Earnings Growth July 20th 2021 Earnings growth is a huge factor in stock valuation.
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The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Deckers Outdoor is: 26% = US$383m ÷ US$1.4b (Based on the trailing twelve months to March 2021). Deckers Outdoor's Earnings Growth And 26% ROE To begin with, Deckers Outdoor has a pretty high ROE which is interesting. Most readers would already be aware that Deckers Outdoor's (NYSE:DECK) stock increased significantly by 15% over the past month.
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Deckers Outdoor's Earnings Growth And 26% ROE To begin with, Deckers Outdoor has a pretty high ROE which is interesting. Is Deckers Outdoor Efficiently Re-investing Its Profits? Most readers would already be aware that Deckers Outdoor's (NYSE:DECK) stock increased significantly by 15% over the past month.
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976e14b8-caf4-4b12-87d1-db4148659467
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724093.0
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2021-06-27 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Motley Fool - 6/27/2021
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-motley-fool-6-27-2021-2021-06-27
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nan
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nan
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The following are the top rated Consumer Cyclical stocks according to Validea's Small-Cap Growth Investor model based on the published strategy of Motley Fool. This strategy looks for small cap growth stocks with solid fundamentals and strong price performance.
HAVERTY FURNITURE COMPANIES, INC. (HVT) is a small-cap value stock in the Furniture & Fixtures industry. The rating according to our strategy based on Motley Fool is 76% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Haverty Furniture Companies, Inc. is a retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website, havertys.com. As of December 31, 2016, the Company had 124 stores in 16 states in the Southern and Midwest regions. As of December 31, 2016, the Company's retail store space totaled approximately 4.5 million square feet for 124 stores. It also offers financing through a third-party finance company, as well as an internal revolving charge credit plan. The Company's retail locations are operated using the Havertys name. It offers mattress product lines, such as Sealy, Tempur-Pedic, Serta, Stearns & Foster and Beautyrest Black. The Company's customers are college educated women in middle to upper-middle income households. The Company stores are located in areas, including Florida, Texas, North Carolina, Tennessee and Maryland.
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.
PROFIT MARGIN: PASS
RELATIVE STRENGTH: FAIL
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: PASS
INSIDER HOLDINGS: FAIL
CASH FLOW FROM OPERATIONS: PASS
PROFIT MARGIN CONSISTENCY: FAIL
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PASS
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: PASS
"THE FOOL RATIO" (P/E TO GROWTH): PASS
AVERAGE SHARES OUTSTANDING: PASS
SALES: FAIL
DAILY DOLLAR VOLUME: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: PASS
Detailed Analysis of HAVERTY FURNITURE COMPANIES, INC.
Full Guru Analysis for HVT>
Full Factor Report for HVT>
DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. The rating according to our strategy based on Motley Fool is 75% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company's segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business. The Company sells accessories, such as handbags and loungewear, through domestic and international retailers, international distributors and directly to end user consumers both domestically and internationally, through its Websites, call centers and retail stores. The Company markets its products primarily under three brands: UGG, Teva and Sanuk. The Company's other brands include Hoka One One (Hoka), Ahnu and Koolaburra by UGG (Koolaburra). It has a total of over 150 retail stores across the world.
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.
PROFIT MARGIN: PASS
RELATIVE STRENGTH: FAIL
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: PASS
INSIDER HOLDINGS: FAIL
CASH FLOW FROM OPERATIONS: PASS
PROFIT MARGIN CONSISTENCY: PASS
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PASS
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: PASS
"THE FOOL RATIO" (P/E TO GROWTH): PASS
AVERAGE SHARES OUTSTANDING: PASS
SALES: FAIL
DAILY DOLLAR VOLUME: FAIL
PRICE: PASS
INCOME TAX PERCENTAGE: FAIL
Detailed Analysis of DECKERS OUTDOOR CORP
Full Guru Analysis for DECK>
Full Factor Report for DECK>
ROCKY BRANDS INC (RCKY) is a small-cap growth stock in the Footwear industry. The rating according to our strategy based on Motley Fool is 73% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Rocky Brands, Inc. is a designer, manufacturer and marketer of footwear and apparel marketed under a portfolio of brand names, including Rocky, Georgia Boot, Durango, Lehigh and the licensed brand Michelin. The Company operates its business through three segments: wholesale, retail and military. In its wholesale segment, the Company distributes its products through a range of distribution channels representing over 10,000 retail store locations in the United States and Canada, as well as in other international markets. Its wholesale channels vary by product line and include sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants and uniform stores. In its retail segment, the Company sells its products directly to consumers through its consumer and business direct Websites and its Rocky outlet store. In its military segment, the Company sells footwear under the Rocky label to the United States military.
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.
PROFIT MARGIN: PASS
RELATIVE STRENGTH: FAIL
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: PASS
INSIDER HOLDINGS: FAIL
CASH FLOW FROM OPERATIONS: PASS
PROFIT MARGIN CONSISTENCY: PASS
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: FAIL
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: FAIL
"THE FOOL RATIO" (P/E TO GROWTH): PASS
AVERAGE SHARES OUTSTANDING: PASS
SALES: PASS
DAILY DOLLAR VOLUME: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: PASS
Detailed Analysis of ROCKY BRANDS INC
Full Guru Analysis for RCKY>
Full Factor Report for RCKY>
A-MARK PRECIOUS METALS INC (AMRK) is a small-cap value stock in the Jewelry & Silverware industry. The rating according to our strategy based on Motley Fool is 72% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: A-Mark Precious Metals, Inc. is a full-service precious metals trading company. It is a wholesaler of gold, silver, platinum, and palladium bullion and related products, including bars, wafers, grain and coins. The Company also distributes gold and silver coins and bars from sovereign and private mints and provides financing and other services relating to the purchase and sale of bullion and numismatics. In addition to this, the Company also offers storage for precious metal products and provides its customers a platform of turn-key logistics services. The Company conducts its operations in three reportable segments: Wholesale Trading & Ancillary Services, Secured Lending and Direct Sales
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.
PROFIT MARGIN: FAIL
RELATIVE STRENGTH: FAIL
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: PASS
INSIDER HOLDINGS: PASS
CASH FLOW FROM OPERATIONS: PASS
PROFIT MARGIN CONSISTENCY: PASS
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PASS
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: FAIL
"THE FOOL RATIO" (P/E TO GROWTH): PASS
AVERAGE SHARES OUTSTANDING: PASS
SALES: FAIL
DAILY DOLLAR VOLUME: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: FAIL
Detailed Analysis of A-MARK PRECIOUS METALS INC
Full Guru Analysis for AMRK>
Full Factor Report for AMRK>
KOSS CORPORATION (KOSS) is a small-cap growth stock in the Audio & Video Equipment industry. The rating according to our strategy based on Motley Fool is 72% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Koss Corporation is engaged in the design, manufacture and sale of stereo headphones and related accessory products. The Company operates in the audio/video industry segment of the home entertainment industry. It markets a line of headphones, wireless Bluetooth headphones, wireless Bluetooth speakers, computer headsets, telecommunications headsets, active noise canceling headphones, and compact disc recordings of American Symphony Orchestras on the Koss Classics label. It markets products used by consumers to listen to music, digital versatile discs (DVDs) in vehicles, sound bytes on computer systems, and other audio related media. The Company's products are sold through retailers, distributors, audio specialty stores, the Internet, direct mail catalogs, regional department store chains, discount department stores, grocery stores, electronics retailers, military exchanges and prisons. It has a manufacturing facility in Milwaukee, Wisconsin. Koss U.K. Limited is its subsidiary.
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.
PROFIT MARGIN: FAIL
RELATIVE STRENGTH: PASS
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: FAIL
INSIDER HOLDINGS: PASS
CASH FLOW FROM OPERATIONS: PASS
PROFIT MARGIN CONSISTENCY: PASS
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PASS
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: PASS
"THE FOOL RATIO" (P/E TO GROWTH): FAIL
AVERAGE SHARES OUTSTANDING: PASS
SALES: PASS
DAILY DOLLAR VOLUME: FAIL
PRICE: PASS
INCOME TAX PERCENTAGE: FAIL
Detailed Analysis of KOSS CORPORATION
Full Guru Analysis for KOSS>
Full Factor Report for KOSS>
More details on Validea's Motley Fool strategy
About Motley Fool: Brothers David and Tom Gardner often wear funny hats in public appearances, but they're hardly fools -- at least not the kind whose advice you should readily dismiss. The Gardners are the founders of the popular Motley Fool web site, which offers frank and often irreverent commentary on investing, the stock market, and personal finance. The Gardners' "Fool" really is a multi-media endeavor, offering not only its web content but also several books written by the brothers, a weekly syndicated newspaper column, and subscription newsletter services.
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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Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Detailed Analysis of HAVERTY FURNITURE COMPANIES, INC. Full Guru Analysis for HVT> Full Factor Report for HVT> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> ROCKY BRANDS INC (RCKY) is a small-cap growth stock in the Footwear industry.
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Detailed Analysis of HAVERTY FURNITURE COMPANIES, INC. Full Guru Analysis for HVT> Full Factor Report for HVT> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> ROCKY BRANDS INC (RCKY) is a small-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities.
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Detailed Analysis of HAVERTY FURNITURE COMPANIES, INC. Full Guru Analysis for HVT> Full Factor Report for HVT> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> ROCKY BRANDS INC (RCKY) is a small-cap growth stock in the Footwear industry.
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Detailed Analysis of HAVERTY FURNITURE COMPANIES, INC. Full Guru Analysis for HVT> Full Factor Report for HVT> DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> ROCKY BRANDS INC (RCKY) is a small-cap growth stock in the Footwear industry.
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145e6051-8b33-4bdf-a48d-511c9d870e6e
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724094.0
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2021-06-27 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Martin Zweig - 6/27/2021
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-martin-zweig-6-27-2021-2021-06-27
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nan
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nan
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The following are the top rated Consumer Cyclical stocks according to Validea's Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. The rating according to our strategy based on Martin Zweig is 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company's segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business. The Company sells accessories, such as handbags and loungewear, through domestic and international retailers, international distributors and directly to end user consumers both domestically and internationally, through its Websites, call centers and retail stores. The Company markets its products primarily under three brands: UGG, Teva and Sanuk. The Company's other brands include Hoka One One (Hoka), Ahnu and Koolaburra by UGG (Koolaburra). It has a total of over 150 retail stores across the world.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of DECKERS OUTDOOR CORP
Full Guru Analysis for DECK>
Full Factor Report for DECK>
HAVERTY FURNITURE COMPANIES, INC. (HVT) is a small-cap value stock in the Furniture & Fixtures industry. The rating according to our strategy based on Martin Zweig is 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Haverty Furniture Companies, Inc. is a retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website, havertys.com. As of December 31, 2016, the Company had 124 stores in 16 states in the Southern and Midwest regions. As of December 31, 2016, the Company's retail store space totaled approximately 4.5 million square feet for 124 stores. It also offers financing through a third-party finance company, as well as an internal revolving charge credit plan. The Company's retail locations are operated using the Havertys name. It offers mattress product lines, such as Sealy, Tempur-Pedic, Serta, Stearns & Foster and Beautyrest Black. The Company's customers are college educated women in middle to upper-middle income households. The Company stores are located in areas, including Florida, Texas, North Carolina, Tennessee and Maryland.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of HAVERTY FURNITURE COMPANIES, INC.
Full Guru Analysis for HVT>
Full Factor Report for HVT>
O'REILLY AUTOMOTIVE INC (ORLY) is a large-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Martin Zweig is 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: O'Reilly Automotive, Inc. is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company's product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories. The Company's stores offer various services and programs to its customers, such as used oil, oil filter and battery recycling; battery diagnostic testing; electrical and module testing; check engine light code extraction; loaner tool program; custom hydraulic hoses, and machine shops.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of O'REILLY AUTOMOTIVE INC
Full Guru Analysis for ORLY>
Full Factor Report for ORLY>
POOL CORPORATION (POOL) is a large-cap growth stock in the Recreational Products industry. The rating according to our strategy based on Martin Zweig is 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT). The Company's customers include swimming pool remodelers and builders; specialty retailers that sell swimming pool supplies; swimming pool repair and service businesses; irrigation construction and landscape maintenance contractors, and golf courses and other commercial customers. Its products include pool equipment and components for pool construction and the remodeling of existing pools, and irrigation and landscape products. Its products also include other pool construction and recreational products.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of POOL CORPORATION
Full Guru Analysis for POOL>
Full Factor Report for POOL>
AUTOZONE, INC. (AZO) is a large-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Martin Zweig is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AutoZone, Inc. is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of February 10, 2018, the Company operated through 6,088 locations in the United States, Puerto Rico, Mexico and Brazil. The Company's stores carry product lines for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. The Company's other operating segments include ALLDATA, which produces, sells and maintains diagnostic and repair information software used in the automotive repair industry, and E-commerce, which includes direct sales to customers through www.autozone.com.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of AUTOZONE, INC.
Full Guru Analysis for AZO>
Full Factor Report for AZO>
More details on Validea's Martin Zweig strategy
About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Zweig has managed both mutual and hedge funds during his career, and he's put the fortune he's compiled to some interesting uses. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports.
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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Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> HAVERTY FURNITURE COMPANIES, INC. (HVT) is a small-cap value stock in the Furniture & Fixtures industry.
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DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> HAVERTY FURNITURE COMPANIES, INC. (HVT) is a small-cap value stock in the Furniture & Fixtures industry.
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DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> HAVERTY FURNITURE COMPANIES, INC. (HVT) is a small-cap value stock in the Furniture & Fixtures industry.
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DECKERS OUTDOOR CORP (DECK) is a large-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> HAVERTY FURNITURE COMPANIES, INC. (HVT) is a small-cap value stock in the Furniture & Fixtures industry.
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b86c6001-8244-4b83-a22c-4b48b11815e4
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724095.0
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2021-06-25 00:00:00 UTC
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Notable ETF Outflow Detected - IWO, RH, DECK, ARWR
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DECK
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https://www.nasdaq.com/articles/notable-etf-outflow-detected-iwo-rh-deck-arwr-2021-06-25
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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 Russell 2000 Growth ETF (Symbol: IWO) where we have detected an approximate $124.6 million dollar outflow -- that's a 1.0% decrease week over week (from 39,750,000 to 39,350,000). Among the largest underlying components of IWO, in trading today RH (Symbol: RH) is up about 2.5%, Deckers Outdoor Corp. (Symbol: DECK) is up about 2.7%, and Arrowhead Pharmaceuticals Inc (Symbol: ARWR) is relatively unchanged. For a complete list of holdings, visit the IWO Holdings page » The chart below shows the one year price performance of IWO, versus its 200 day moving average:
Looking at the chart above, IWO's low point in its 52 week range is $198.40 per share, with $339.91 as the 52 week high point — that compares with a last trade of $312.43. 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 »
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 IWO, in trading today RH (Symbol: RH) is up about 2.5%, Deckers Outdoor Corp. (Symbol: DECK) is up about 2.7%, and Arrowhead Pharmaceuticals Inc (Symbol: ARWR) is relatively unchanged. For a complete list of holdings, visit the IWO Holdings page » The chart below shows the one year price performance of IWO, versus its 200 day moving average: Looking at the chart above, IWO's low point in its 52 week range is $198.40 per share, with $339.91 as the 52 week high point — that compares with a last trade of $312.43. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of IWO, in trading today RH (Symbol: RH) is up about 2.5%, Deckers Outdoor Corp. (Symbol: DECK) is up about 2.7%, and Arrowhead Pharmaceuticals Inc (Symbol: ARWR) is relatively unchanged. For a complete list of holdings, visit the IWO Holdings page » The chart below shows the one year price performance of IWO, versus its 200 day moving average: Looking at the chart above, IWO's low point in its 52 week range is $198.40 per share, with $339.91 as the 52 week high point — that compares with a last trade of $312.43. 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 IWO, in trading today RH (Symbol: RH) is up about 2.5%, Deckers Outdoor Corp. (Symbol: DECK) is up about 2.7%, and Arrowhead Pharmaceuticals Inc (Symbol: ARWR) is relatively unchanged. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 2000 Growth ETF (Symbol: IWO) where we have detected an approximate $124.6 million dollar outflow -- that's a 1.0% decrease week over week (from 39,750,000 to 39,350,000). For a complete list of holdings, visit the IWO Holdings page » The chart below shows the one year price performance of IWO, versus its 200 day moving average: Looking at the chart above, IWO's low point in its 52 week range is $198.40 per share, with $339.91 as the 52 week high point — that compares with a last trade of $312.43.
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Among the largest underlying components of IWO, in trading today RH (Symbol: RH) is up about 2.5%, Deckers Outdoor Corp. (Symbol: DECK) is up about 2.7%, and Arrowhead Pharmaceuticals Inc (Symbol: ARWR) is relatively unchanged. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 2000 Growth ETF (Symbol: IWO) where we have detected an approximate $124.6 million dollar outflow -- that's a 1.0% decrease week over week (from 39,750,000 to 39,350,000). For a complete list of holdings, visit the IWO Holdings page » The chart below shows the one year price performance of IWO, versus its 200 day moving average: Looking at the chart above, IWO's low point in its 52 week range is $198.40 per share, with $339.91 as the 52 week high point — that compares with a last trade of $312.43.
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78124fa7-a16c-401b-b223-5d92a7da308b
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724096.0
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2021-06-20 00:00:00 UTC
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Read This Before Buying Deckers Outdoor Corporation (NYSE:DECK) Shares
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DECK
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https://www.nasdaq.com/articles/read-this-before-buying-deckers-outdoor-corporation-nyse%3Adeck-shares-2021-06-20
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nan
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nan
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It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So before you buy or sell Deckers Outdoor Corporation (NYSE:DECK), you may well want to know whether insiders have been buying or selling.
What Is Insider Selling?
It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, such insiders must disclose their trading activities, and not trade on inside information.
We don't think shareholders should simply follow insider transactions. But logic dictates you should pay some attention to whether insiders are buying or selling shares. For example, a Columbia University study found that 'insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers'.
Deckers Outdoor Insider Transactions Over The Last Year
The Independent Chairman, Michael Devine, made the biggest insider sale in the last 12 months. That single transaction was for US$1.1m worth of shares at a price of US$223 each. That means that an insider was selling shares at slightly below the current price (US$325). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 32% of Michael Devine's stake.
In the last year Deckers Outdoor insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
NYSE:DECK Insider Trading Volume June 20th 2021
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Deckers Outdoor Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Deckers Outdoor insiders own 0.9% of the company, worth about US$85m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Deckers Outdoor Insider Transactions Indicate?
It doesn't really mean much that no insider has traded Deckers Outdoor shares in the last quarter. Still, the insider transactions at Deckers Outdoor in the last 12 months are not very heartening. But it's good to see that insiders own shares in the company. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Deckers Outdoor.
Of course Deckers Outdoor may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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So before you buy or sell Deckers Outdoor Corporation (NYSE:DECK), you may well want to know whether insiders have been buying or selling. Deckers Outdoor Insider Transactions Over The Last Year The Independent Chairman, Michael Devine, made the biggest insider sale in the last 12 months. In the last year Deckers Outdoor insiders didn't buy any company stock.
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So before you buy or sell Deckers Outdoor Corporation (NYSE:DECK), you may well want to know whether insiders have been buying or selling. Deckers Outdoor Insider Transactions Over The Last Year The Independent Chairman, Michael Devine, made the biggest insider sale in the last 12 months. In the last year Deckers Outdoor insiders didn't buy any company stock.
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Deckers Outdoor Insider Transactions Over The Last Year The Independent Chairman, Michael Devine, made the biggest insider sale in the last 12 months. In the last year Deckers Outdoor insiders didn't buy any company stock. NYSE:DECK Insider Trading Volume June 20th 2021 For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
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So before you buy or sell Deckers Outdoor Corporation (NYSE:DECK), you may well want to know whether insiders have been buying or selling. It doesn't really mean much that no insider has traded Deckers Outdoor shares in the last quarter. Of course Deckers Outdoor may not be the best stock to buy.
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3c8df289-299f-41d4-a941-7018ba5d47be
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724097.0
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2021-06-08 00:00:00 UTC
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Validea Martin Zweig Strategy Daily Upgrade Report - 6/8/2021
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DECK
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https://www.nasdaq.com/articles/validea-martin-zweig-strategy-daily-upgrade-report-6-8-2021-2021-06-08
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nan
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nan
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The following are today's upgrades for Validea's Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
XP INC (XP) is a large-cap growth stock in the Investment Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 92% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Xp Inc is a Brazil-based company engaged in the financial services industry. The Company offers financial products and services through multiple channels, such as brokerage, investment advisory and asset management services. Its business activities include educating new classes of investors, democratizing access to a multiple financial service, developing financial products and technology applications, and providing customer service. The Company operates Open Product Platform, a financial product platform, which provides clients with access to over 600 investment products, including equity and fixed income securities, mutual and hedge funds, structured products, life insurance, pension plans, real-estate investment funds (REITs), among others. The Company serves retail clients, international clients and corporate and institutional clients in Brazil, such us fund managers, private banks, corporate treasuries and insurance companies.
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.
P/E RATIO: FAIL
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of XP INC
Full Guru Analysis for XP
Full Factor Report for XP
DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company's segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business. The Company sells accessories, such as handbags and loungewear, through domestic and international retailers, international distributors and directly to end user consumers both domestically and internationally, through its Websites, call centers and retail stores. The Company markets its products primarily under three brands: UGG, Teva and Sanuk. The Company's other brands include Hoka One One (Hoka), Ahnu and Koolaburra by UGG (Koolaburra). It has a total of over 150 retail stores across the world.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of DECKERS OUTDOOR CORP
Full Guru Analysis for DECK
Full Factor Report for DECK
More details on Validea's Martin Zweig strategy
About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Zweig has managed both mutual and hedge funds during his career, and he's put the fortune he's compiled to some interesting uses. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports.
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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Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Detailed Analysis of XP INC Full Guru Analysis for XP Full Factor Report for XP DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK Full Factor Report for DECK More details on Validea's Martin Zweig strategy About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest.
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Detailed Analysis of XP INC Full Guru Analysis for XP Full Factor Report for XP DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK Full Factor Report for DECK More details on Validea's Martin Zweig strategy About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities.
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Detailed Analysis of XP INC Full Guru Analysis for XP Full Factor Report for XP DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK Full Factor Report for DECK More details on Validea's Martin Zweig strategy About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities.
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Detailed Analysis of XP INC Full Guru Analysis for XP Full Factor Report for XP DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK Full Factor Report for DECK More details on Validea's Martin Zweig strategy About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest.
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494b6ca3-ddc2-46b7-af7c-514216a665cd
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724098.0
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2021-06-07 00:00:00 UTC
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Why You Should Ignore Retail's Blowout Earnings Numbers
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DECK
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https://www.nasdaq.com/articles/why-you-should-ignore-retails-blowout-earnings-numbers-2021-06-07
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nan
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nan
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The retail industry is looking good as many companies hope the pandemic is making its way into the rearview mirror. Store visits are up, comparable sales are soaring, and many companies are reporting record earnings.
Data from Refinitiv indicates that 87% of companies in the S&P 500 reporting earnings so far have beat analyst forecasts, and they're not just beating those estimates but trouncing them.
Over the past quarter-century or so, companies have beaten analyst expectations by about 3.6% on average, but this earnings season, companies are burying forecasts by 22.8% on average. Business is back, baby!
Image source: Getty Images.
Flush with cash
Companies large and small are putting up big numbers. While you'd expect tech giants like Apple, Amazon, and Tesla to see record results, more mundane companies are doing so too:
DICK'S Sporting Goods (NYSE: DKS) just posted a 115% increase in same-store sales and record earnings.
Dillard's (NYSE: DDS) reported adjusted earnings of $6.37 per share, also a record and one that was over four times larger than the Wall Street consensus of $1.57 per share.
Dollar Tree (NASDAQ: DLTR) also had record earnings and its best quarter for operating profits since merging with Family Dollar.
Deckers Outdoor, Home Depot, Etsy, L Brands, Target, Ulta Beauty, and Urban Outfitters all did as well.
Many, if not most, of those turning in outsized results are also raising their full-year forecasts to account for the tsunami of spending consumers have lavished on them.
While the free-for-all spending has sent the Dow Jones Industrial Average and S&P 500 up over 12% year to date, investors may want to step back a moment as this latest round of earnings is not as good as it seems.
A confluence of events
Clearly, the large numbers are the result of an economy coming out of the pandemic. Going up against figures from a year-ago period when many businesses were forced to shut down or when customer traffic was severely limited, it makes sense the latest results appear fantastic.
And that's just it. What investors are seeing right now is a short-term fantasy that is unlikely to be maintained. Here are three reasons why investors should watch out:
Stimulus-aided spending: Congress bolstered the market with trillions of dollars in stimulus spending. What companies are reporting now is the influx of the third and likely final $1.9 trillion stimulus package.
Revenge shopping: Right alongside the stimulus is what some have called "revenge shopping," or the result of pent-up demand from consumers who were forced to stay home now being allowed to go out and shop.
Wall Street is bad at its job: As the pandemic hit, companies stopped providing guidance, because the future was just far too uncertain to know how their businesses would fare. What we're seeing now is what happens when analysts fly blind without management to guide their sales and profits estimates, and they've been wildly off base.
The massive earnings beats we've witnessed are just the byproduct of Wall Street not being any better at predicting how Main Street will do than throwing darts at a board.
No repeat performance
What this means for investors is that they should be very wary about what comes next. The first phase of stepping over the low bar of easy year-over-year comparisons has been achieved. Businesses now have the harder task of beating, or at least matching, steadily rising comps as the year progresses. Management teams need to prove they can keep the momentum going.
Consumers also don't have the windfall of stimulus checks to spend going forward. While they're heading back to work in person again and many companies are raising their minimum starting pay as the labor market is strained, it will be tough to match the big leaps in spending we just saw.
Retailers are also offering guidance again, which will help analysts with their results forecasting. Those massive earnings beats will be much less dramatic, if they're able to beat at all.
A very different retail environment
The retail industry wasn't all that healthy before the pandemic, and shopper habits changed, perhaps forever, during the outbreak. Some stores may not recover from the switch to great amounts of online shopping and more of it occurring in discount channels.
That means retailers, especially full-price stores, will be under pressure to produce. In-line or even lower results will lead to disappointment, making for a very dicey market in which to invest.
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Rich Duprey has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Amazon, Apple, Etsy, Home Depot, Tesla, and Ulta Beauty. The Motley Fool recommends the following options: long January 2022 $1,920 calls on Amazon, long March 2023 $120 calls on Apple, short January 2022 $1,940 calls on Amazon, and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
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Deckers Outdoor, Home Depot, Etsy, L Brands, Target, Ulta Beauty, and Urban Outfitters all did as well. While the free-for-all spending has sent the Dow Jones Industrial Average and S&P 500 up over 12% year to date, investors may want to step back a moment as this latest round of earnings is not as good as it seems. Going up against figures from a year-ago period when many businesses were forced to shut down or when customer traffic was severely limited, it makes sense the latest results appear fantastic.
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Deckers Outdoor, Home Depot, Etsy, L Brands, Target, Ulta Beauty, and Urban Outfitters all did as well. While you'd expect tech giants like Apple, Amazon, and Tesla to see record results, more mundane companies are doing so too: DICK'S Sporting Goods (NYSE: DKS) just posted a 115% increase in same-store sales and record earnings. The Motley Fool owns shares of and recommends Amazon, Apple, Etsy, Home Depot, Tesla, and Ulta Beauty.
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Deckers Outdoor, Home Depot, Etsy, L Brands, Target, Ulta Beauty, and Urban Outfitters all did as well. Data from Refinitiv indicates that 87% of companies in the S&P 500 reporting earnings so far have beat analyst forecasts, and they're not just beating those estimates but trouncing them. While you'd expect tech giants like Apple, Amazon, and Tesla to see record results, more mundane companies are doing so too: DICK'S Sporting Goods (NYSE: DKS) just posted a 115% increase in same-store sales and record earnings.
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Deckers Outdoor, Home Depot, Etsy, L Brands, Target, Ulta Beauty, and Urban Outfitters all did as well. Data from Refinitiv indicates that 87% of companies in the S&P 500 reporting earnings so far have beat analyst forecasts, and they're not just beating those estimates but trouncing them. Retailers are also offering guidance again, which will help analysts with their results forecasting.
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0c215a12-e00c-49f8-a3f1-d90d8fc08b16
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724099.0
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2021-05-30 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Martin Zweig - 5/30/2021
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-martin-zweig-5-30-2021-2021-05-30
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nan
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nan
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The following are the top rated Consumer Cyclical stocks according to Validea's Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
HAVERTY FURNITURE COMPANIES, INC. (HVT) is a small-cap value stock in the Furniture & Fixtures industry. The rating according to our strategy based on Martin Zweig is 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Haverty Furniture Companies, Inc. is a retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website, havertys.com. As of December 31, 2016, the Company had 124 stores in 16 states in the Southern and Midwest regions. As of December 31, 2016, the Company's retail store space totaled approximately 4.5 million square feet for 124 stores. It also offers financing through a third-party finance company, as well as an internal revolving charge credit plan. The Company's retail locations are operated using the Havertys name. It offers mattress product lines, such as Sealy, Tempur-Pedic, Serta, Stearns & Foster and Beautyrest Black. The Company's customers are college educated women in middle to upper-middle income households. The Company stores are located in areas, including Florida, Texas, North Carolina, Tennessee and Maryland.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of HAVERTY FURNITURE COMPANIES, INC.
Full Guru Analysis for HVT>
Full Factor Report for HVT>
O'REILLY AUTOMOTIVE INC (ORLY) is a large-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Martin Zweig is 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: O'Reilly Automotive, Inc. is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company's product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories. The Company's stores offer various services and programs to its customers, such as used oil, oil filter and battery recycling; battery diagnostic testing; electrical and module testing; check engine light code extraction; loaner tool program; custom hydraulic hoses, and machine shops.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of O'REILLY AUTOMOTIVE INC
Full Guru Analysis for ORLY>
Full Factor Report for ORLY>
POOL CORPORATION (POOL) is a large-cap growth stock in the Recreational Products industry. The rating according to our strategy based on Martin Zweig is 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT). The Company's customers include swimming pool remodelers and builders; specialty retailers that sell swimming pool supplies; swimming pool repair and service businesses; irrigation construction and landscape maintenance contractors, and golf courses and other commercial customers. Its products include pool equipment and components for pool construction and the remodeling of existing pools, and irrigation and landscape products. Its products also include other pool construction and recreational products.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of POOL CORPORATION
Full Guru Analysis for POOL>
Full Factor Report for POOL>
AUTOZONE, INC. (AZO) is a large-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Martin Zweig is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AutoZone, Inc. is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of February 10, 2018, the Company operated through 6,088 locations in the United States, Puerto Rico, Mexico and Brazil. The Company's stores carry product lines for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. The Company's other operating segments include ALLDATA, which produces, sells and maintains diagnostic and repair information software used in the automotive repair industry, and E-commerce, which includes direct sales to customers through www.autozone.com.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of AUTOZONE, INC.
Full Guru Analysis for AZO>
Full Factor Report for AZO>
DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. The rating according to our strategy based on Martin Zweig is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company's segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business. The Company sells accessories, such as handbags and loungewear, through domestic and international retailers, international distributors and directly to end user consumers both domestically and internationally, through its Websites, call centers and retail stores. The Company markets its products primarily under three brands: UGG, Teva and Sanuk. The Company's other brands include Hoka One One (Hoka), Ahnu and Koolaburra by UGG (Koolaburra). It has a total of over 150 retail stores across the world.
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.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: FAIL
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of DECKERS OUTDOOR CORP
Full Guru Analysis for DECK>
Full Factor Report for DECK>
More details on Validea's Martin Zweig strategy
About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Zweig has managed both mutual and hedge funds during his career, and he's put the fortune he's compiled to some interesting uses. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports.
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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Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Detailed Analysis of AUTOZONE, INC. Full Guru Analysis for AZO> Full Factor Report for AZO> DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> More details on Validea's Martin Zweig strategy About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest.
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Detailed Analysis of AUTOZONE, INC. Full Guru Analysis for AZO> Full Factor Report for AZO> DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> More details on Validea's Martin Zweig strategy About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest.
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Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> More details on Validea's Martin Zweig strategy About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Detailed Analysis of AUTOZONE, INC. Full Guru Analysis for AZO> Full Factor Report for AZO> DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities.
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Detailed Analysis of AUTOZONE, INC. Full Guru Analysis for AZO> Full Factor Report for AZO> DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> More details on Validea's Martin Zweig strategy About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest.
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e52b61f2-b040-47f9-b383-72e74e2ccd3a
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