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724100.0
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2021-05-30 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Benjamin Graham - 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-benjamin-graham-5-30-2021-2021-05-30
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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.
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 mid-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>
DORMAN PRODUCTS INC. (DORM) is a mid-cap growth stock in the Auto & Truck Parts 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: Dorman Products, Inc. is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU's) of automotive replacement parts and fasteners. As of December 31, 2016, approximately 83% of its products were sold under brands that it owned and the remainder of its products were sold for resale under customers' private labels, other brands or in bulk. Its products are sold in the United States through automotive aftermarket retailers, national, regional and local warehouse distributors, and specialty markets, and salvage yards. It also distributes automotive replacement parts outside the United States, with sales primarily into Canada, Mexico, Europe, the Middle East, and Australia. Its parts are marketed under the OE Solutions, TECHoice, AutoGrade, Conduct-Tite, FirstStop and HD Solutions 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.
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 DORMAN PRODUCTS INC.
Full Guru Analysis for DORM>
Full Factor Report for DORM>
FEDERAL SIGNAL CORPORATION (FSS) is a mid-cap growth stock in the Auto & Truck Manufacturers 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: Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company's segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment. The products are sold to both municipal and industrial customers under the Elgin, Vactor, Guzzler and Jetstream brand names. Safety and Security Systems is a manufacturer and supplier of systems and products that law enforcement, fire rescue, emergency medical services, campuses military facilities and industrial sites use to protect people and property. It offers systems for campus and community alerting, emergency vehicles, first responder interoperable communications and industrial communications, 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.
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 FEDERAL SIGNAL CORPORATION
Full Guru Analysis for FSS>
Full Factor Report for FSS>
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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Detailed Analysis of COLUMBIA SPORTSWEAR COMPANY Full Guru Analysis for COLM> Full Factor Report for COLM> 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> DORMAN PRODUCTS INC. (DORM) is a mid-cap growth stock in the Auto & Truck Parts industry.
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Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> DORMAN PRODUCTS INC. (DORM) is a mid-cap growth stock in the Auto & Truck Parts industry. Detailed Analysis of COLUMBIA SPORTSWEAR COMPANY Full Guru Analysis for COLM> Full Factor Report for COLM> 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 COLUMBIA SPORTSWEAR COMPANY Full Guru Analysis for COLM> Full Factor Report for COLM> 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> DORMAN PRODUCTS INC. (DORM) is a mid-cap growth stock in the Auto & Truck Parts industry.
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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 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> DORMAN PRODUCTS INC. (DORM) is a mid-cap growth stock in the Auto & Truck Parts industry.
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05e71c62-df49-4ebe-8dee-11abc010360f
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724101.0
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2021-05-21 00:00:00 UTC
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Deckers Outdoor Delivered Strong FY21 Results, Beat Expectations
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-delivered-strong-fy21-results-beat-expectations-2021-05-21
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Deckers Outdoor Corp. (DECK) delivered strong Q4 and FY21 results driven by the exceptional performance of the HOKA and UGG brands. Deckers is a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories.
The company’s Q4 earnings stood at $1.18 per share, up 107% from the year-ago period and outpaced Street’s estimates of $0.64 per share.
Net sales for the quarter came in at $561.19 million, up 49.7%, and surpassed Street estimates of $437.09 million.
The FY21 earnings stood at $13.47 per share, up 39.9% from the year-ago period, and net sales reported for the full year came in at $2.55 billion, up 19.4% year-over-year. Shares of the company soared 6% in the extended trading session on May 20.
Net sales for the UGG® brand were up 53.1% in Q4 and up 12.9% for FY21, while net sales for the HOKA ONE ONE® brand were up 74.2% in Q4 and up 62.0% for FY21. (See Deckers Outdoor’s stock analysis on TipRanks)
Dave Powers, President, and CEO of the company said, "While our fourth quarter benefited from certain macro tailwinds as well as lapping last year's disruption, the health of our brands, strength of our omni-channel organization, and our digitally focused long-term strategies provided the foundation for success over the past year, accelerating our growth trajectory. We are excited for the year ahead as we invest in the long-term evolution of Deckers to drive sustainable top and bottom-line growth."
For the full year 2022, the company forecasts net sales to fall in the range of $2.95 billion to $3 billion, compared to consensus estimates of $2.70 billion.
The company forecasts full-year earnings to be in the range of $14.05 - $14.65 per share, compared to a consensus of $14.50 per share.
Recently, Merrill Lynch analyst Rafe Jadrosich lifted his price target to $385 from $380 while maintaining a Buy rating. The target price implies 23.7% upside potential to current levels.
Commenting on the upcoming Q4 results, Jadrosich had stated that he expected DECK to outperform the Street’s estimates owing to strong web traffic witnessed in the UGG and HOKA brands. However, he saw lower growth potential compared to prior quarters due to constraints in inventory and shipping capacity.
Consensus among analysts is a Strong Buy based on 5 unanimous Buys. The average analyst price target stands at $403, which implies upside potential of 29.5% to current levels. Shares have gained 20.9% in the last six months.
TipRanks data shows that financial blogger opinions are 100% Bullish on DECK, compared to a sector average of 70%.
Related News:
Palo Alto Networks Beats Q3 Expectations; Shares Pop 6% After Hours
Ford and SK Innovation Ink Battery Cell Manufacturing Joint Venture
Rritual Superfoods Teams Up With NEXE for Compostable Products
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(See Deckers Outdoor’s stock analysis on TipRanks) Dave Powers, President, and CEO of the company said, "While our fourth quarter benefited from certain macro tailwinds as well as lapping last year's disruption, the health of our brands, strength of our omni-channel organization, and our digitally focused long-term strategies provided the foundation for success over the past year, accelerating our growth trajectory. Commenting on the upcoming Q4 results, Jadrosich had stated that he expected DECK to outperform the Street’s estimates owing to strong web traffic witnessed in the UGG and HOKA brands. Deckers Outdoor Corp. (DECK) delivered strong Q4 and FY21 results driven by the exceptional performance of the HOKA and UGG brands.
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Deckers Outdoor Corp. (DECK) delivered strong Q4 and FY21 results driven by the exceptional performance of the HOKA and UGG brands. Deckers is a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories. (See Deckers Outdoor’s stock analysis on TipRanks) Dave Powers, President, and CEO of the company said, "While our fourth quarter benefited from certain macro tailwinds as well as lapping last year's disruption, the health of our brands, strength of our omni-channel organization, and our digitally focused long-term strategies provided the foundation for success over the past year, accelerating our growth trajectory.
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(See Deckers Outdoor’s stock analysis on TipRanks) Dave Powers, President, and CEO of the company said, "While our fourth quarter benefited from certain macro tailwinds as well as lapping last year's disruption, the health of our brands, strength of our omni-channel organization, and our digitally focused long-term strategies provided the foundation for success over the past year, accelerating our growth trajectory. Deckers Outdoor Corp. (DECK) delivered strong Q4 and FY21 results driven by the exceptional performance of the HOKA and UGG brands. Deckers is a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories.
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Deckers Outdoor Corp. (DECK) delivered strong Q4 and FY21 results driven by the exceptional performance of the HOKA and UGG brands. Deckers is a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories. (See Deckers Outdoor’s stock analysis on TipRanks) Dave Powers, President, and CEO of the company said, "While our fourth quarter benefited from certain macro tailwinds as well as lapping last year's disruption, the health of our brands, strength of our omni-channel organization, and our digitally focused long-term strategies provided the foundation for success over the past year, accelerating our growth trajectory.
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7f3713cc-b16a-40d4-a6b4-583c0909a955
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724102.0
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2021-05-21 00:00:00 UTC
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Deckers Outdoor Corp (DECK) Q1 2021 Earnings Call Transcript
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-deck-q1-2021-earnings-call-transcript-2021-05-21
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Image source: The Motley Fool.
Deckers Outdoor Corp (NYSE: DECK)
Q1 2021 Earnings Call
May 20, 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 Fourth Quarter Fiscal 2021 Earnings Conference Call.
[Operator Instructions]
I'll now turn the call over to Erinn Kohler, VP, Investor Relations and Corporate Planning.
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Erinn Kohler -- Vice President, Investor Relations, Corporate Planning, & Business Analytics
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 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 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. Before diving into the business, I'd like to express my gratitude for the progress toward ending the pandemic's toll in the United States. However, countries around the world are still struggling with dangerous outbreaks. Many of our employees have friends and family members that are currently being impacted by the devastating COVID-19 surge within India, Nepal and other South Asian countries. Our hearts go out to everyone who has been affected by this pandemic over the past year and a half. And on behalf of Deckers, I wish for everyone's health and safety moving forward.
As I reflect on this past year, I'm continually impressed by the tenacity and resiliency of the Deckers organization and the dedication demonstrated by our teams as they continued to deliver exceptional results. FY '21 results were driven by the exceptional brand and marketplace management of our leaders, but also by the global operations, retail and supply chain teams, who allowed us to fulfill the demand for our brands. By continuing to be aggressive with HOKA globally and capturing the opportunity in UGG, we were able to exceed expectations in a challenging environment and have accelerated the pace of growth for our brands.
Today, I'm excited to share the results of a record-breaking year for Deckers. We saw a strong finish to fiscal 2021 with full-year revenue increasing 19% versus last year to over $2.5 billion and earnings per share increasing 40% to $13.47. FY '21 performance was driven by expanded awareness and adoption of HOKA around the world as more consumers experience the benefits of the brand's innovative products, consumer actively seeking UGG for its unique combination of fashion appeal and the unmistakable feeling of the brand, best-in-class e-commerce capabilities that enabled consumer acquisition in a disrupted physical retail environment, strategic prioritization of brand strength and demand creation through disciplined marketplace management and the grit of our employees who overcame significant macro challenges and operational pressures to deliver exceptional results. Many of these items that drove performance during the year were the results of our long-term strategies that remain top of mind as we transition into fiscal 2022 and beyond. As a reminder, these include accelerating consumer adoption of the HOKA brand globally, building UGG as a year-round global lifestyle brand through a diverse product offering, executing our digital first approach by growing direct-to-consumer acquisition and retention online with a specific focus on gaining closet space with 18 to 34 year-old consumers, tailoring distribution strategies unique to each of our brands in order to properly balance brand health in conjunction with sustainable growth, which includes the recent reset activities for the UGG brand internationally and focusing spend behind these key initiatives to drive optimal returns on investment while maintaining top tier levels of profitability.
While we believe that remaining committed to our long-term strategies was the primary enabler of our success this year, Deckers also uniquely benefited from certain circumstances resulting from the pandemic. Fiscal 2021 revenue exceeded our pre-pandemic expectations as we saw an acceleration of certain growth opportunities. With brands scaling faster than previously anticipated, we now need to accelerate critical investments to scale our supply chain and logistics infrastructure as well as bolster our teams with additional talent to prepare for emerging opportunities. Fiscal 2022 will be another positive step in the evolution of Deckers Brands as we strategically invest behind core infrastructure needs and seed opportunities that will enable sustainable long-term revenue and earnings growth. Over the long-term, we're investing in major drivers of our business, including building HOKA to a $1 billion plus global performance brand that represents a significant portion of total company revenue, driving our direct-to-consumer business toward 50% of our global revenues, scaling international markets across brands and seeding opportunities beyond footwear. Steve will provide more details on these investments as well as our forward-looking revenue and margin expectations later in the call.
In the meantime, I will share some details around fiscal 2021 performance at the brand and channel levels as well as provide some context around fiscal '22 building blocks. Starting with the brand highlights. Global UGG fiscal 2021 revenue increased 13% versus last year to $1.717 billion. The brand's success in FY '21 was primarily due to US consumers actively seeking UGG products all year long with search interest increasing 27% over fiscal 2020 according to Google Trends, which led to accelerated consumer acquisition online as the brand added over 2.5 million new consumers to its global e-commerce database and captured the critical 18 to 34-year aged consumer in the US, which increased 83% to the elevated fashion appeal to brand. And lastly, more consumers purchased multiple UGG products than ever before as the brand saw an 85% increase in consumers purchasing two of our products during the year. We believe much of the brand heat that created momentum for UGG in the US resulted from the brand's strategically managed distribution network, authentic PR activations, fashion collaborations, targeted digital marketing and a compelling product offering that has expanded the fashion relevance of UGG brand DNA across new categories.
As evidence of the UGG brand's success with a diversified assortment, fiscal 2021 product performance was driven by the expansion of the Fluff franchise, as the brand drove demand to both the original Fluff Yeah as well as complementary styles with similar slipper-sandal hybrid attributes, increased adoption of the New Male franchise among men, women and kids, the introduction of the Ultra Mini and Classic Clear boots, which were particularly popular with younger consumers, development of the Tasman into a fashion slipper sneaker, as UGG featured the style in a number of recent collaborations, helping to raise the hybrid style's profile, the brand's first ever ready-to-wear apparel collection, which featured fashionable sportswear and outerwear pieces, and Heritage slippers having greater year-round relevancy as many people were working from home and seeking the comfort of what we refer to as the feeling of UGG. These styles that drove UGG growth this year made up the majority of both the brand's Top 10 styles purchased by acquired consumers as well as the Top 10 styles purchased by consumers 18 to 34 years old. While women remain the primary purchasers of UGG products, the brand's mix of gender continues to shift toward men's and kid's products. Part of this shift is due to many consumers purchasing UGG for the whole family. In the US, as compared to last year, UGG experienced an 88% increase in DTC revenue from orders containing both men's and women's products, and a 117% increase in orders containing both kid's and women's products. With more purchasing for the whole family, both men's and kid's footwear increased as a percentage of total UGG brand business.
While the US has been driving UGG category diversification over the past few years, we have been encouraged by the adoption of new categories within international regions over the last year as well. Such is the Ultra Mini which was a Top 5 style in its introductory season, the Classic Clear which was ranked second new style in terms of dollar volume; Fluff franchise volume was 2.5 times larger than last year; and sneakers were standout in our Asia-Pacific region. Improvements in new category adoption are largely attributable to localized marketing activations meant to build UGG brand heat internationally and attracting younger consumers to the brand. Our targeted digital marketing efforts are paying off as UGG experienced a significant increase in e-commerce traffic from visitors aged 18 to 34 in both the UK and China during FY '21. These early indicators of success and our plan to further invest behind localized marketing tactics give us confidence that UGG will rebound and return to growth in the brand's international markets during fiscal 2022.
UGG has a difficult task ahead in lapping a record year, where we benefited from the pandemic driving greater attention to the brand. However, with our planned investments and demand creation, we have confidence the brand can drive topline revenue growth in fiscal 2022, by fulfilling wholesale demand as we reset the marketplace with filling product and satisfy some of the missed opportunities in fiscal 2021 during inventory shortages, maintaining momentum with the younger consumers around the world and driving repeat purchases from consumers new to the brand in FY '21, recovering lost volume in EMEA with the goal of lapping fiscal 2020 revenues and maximizing demand captured through DTC, increasing local investments in China to elevate the brand and accelerate revenue growth, all while working to lap growth on heritage slipper products that benefited from the pandemic.
Shifting your attention to HOKA, global revenue in fiscal 2021 increased 62% versus last year to $571 million. The growth of HOKA over the past year was a testament to the brand's methodical approach to managing a consistent brand message and introducing innovative products that resonate across the global distribution landscape. HOKA continues to exhibit balanced growth across its ecosystem of access points with every region and channel distribution increasing volume above last year. The increasing scale of HOKA is undeniably impressive, but even more importantly, the brand is growing in the right way and making meaningful progress toward strategic initiates. In a year of uncertainty, HOKA initially doubled down on key franchises with the goal of amplifying hero styles to bring new consumers to the brand. As these styles drove consumer acquisition, HOKA was successful in driving more repeat purchases in alternate products. This is the result of the HOKA team's development of innovative products, built for speed such as the Carbon X2 and Mach 4, the outdoors with the Speedgoat and Challenger for trail running and the Kaha for hiking and recovery featuring the Ora flip flops and slides.
In addition to providing great product for all athletes, HOKA has also created meaningful partnerships to build the lifestyle relevance of its performance products. One such partnership includes the brand's recent launch with Free People, which helps expose HOKA products to consumers who may not otherwise discover their brand. This is not meant to signal a shift toward fashion for the HOKA brand, but rather the brand embracing the fashionable attributes of its performance products and gaining an audience of younger consumers. In addition to targeting youth wholesale distribution, the HOKA DTC team prioritize digital spend on platforms where younger consumers are spending time and discovering brands online. The brand has also been working to create a seamless replenishment experience for consumers who may have discovered HOKA elsewhere. Through these efforts, HOKA was able to increase 18 to 34-year-old consumer acquisition online by 156% as compared to last year. We believe the HOKA brand's commitment to building a more diverse outdoor community by including underrepresented groups in 60% of marketing content is resonating well with younger consumers. HOKA is winning with the combination of disrupted product innovation, emotionally connected inclusive marketing and a consistent consumer experience based on the quality of the brand's products and ecosystem of access points.
From a regional standpoint, both domestic and international posted impressive gains in fiscal 2021, but the international revenue growth rate was able to outpace domestic off a lower base. As we've spoken about in prior earnings calls, the mix of international unit to the global total continues to move toward the 50-50 split, but revenue is more favored toward domestic because of the use of distributors internationally. In FY '21, distributors drove the largest proportion of international HOKA revenue growth, greater than both wholesale and direct-to-consumer channels. We see this as both a positive reflection of HOKA distributors' ability to scale the brand as well as an opportunity for global growth as we continue to strategically evolve our distribution of the brand around the world. Looking ahead to fiscal 2022, we anticipate HOKA growth will continue at a rapid pace driven by acquiring new consumers by building brand awareness, retaining existing consumers with product and category innovation, gaining market share with wholesale partners, building global brand presence through a return of in-person event sponsorship, focusing on key markets in Europe such as Germany and the UK, and increasing the frequency of product drops to maintain excitement with consumers. In addition, as we invest to the longer term, we are earmarking investment in China for the HOKA brand to build a meaningful presence in that region. This includes building a team local to the market and creating a retail presence for the HOKA brand.
Turning to Teva, despite relatively flat revenue of $139 million, Teva made productive strides toward the future as the brand invested behind the universal franchise, which experienced strong growth versus last year, increased the penetration of DTC to the total brand by 10 percentage points, nearly doubled direct-to-consumer acquisition year-over-year, strengthened partnerships with strategic wholesale accounts, contributed incremental profitability to Deckers' bottom line, and made further enhancement toward sustainability goals. Looking ahead, Teva is focused on being a leader in sustainability, building year-round innovative product for the modern outdoor consumer, taking market share in the closed-toe space with the brand's Ember franchise, building on DTC consumer acquisition and maintaining a high proportion of 18 to 34-year-old consumers.
Moving to Koolaburra, global revenue in fiscal 2021 increased 9% versus last year to $76 million. Performance this year was influenced by conservative ordering at the onset of the pandemic as we chose to reduce inventory purchases in strategic areas of the brand portfolio. Based on high levels of consumer demand, Koolaburra experienced both topline revenue growth and record profitability, despite scarce product availability and disruptions in the wholesale family value channel. For the year ahead, we expect Koolaburra to continue building market share with existing wholesale partners through door count expansion, build on the direct-to-consumer momentum experienced in fiscal 2021 as the brand more than doubled consumer acquisition compared to the prior year, further diversified the assortment through the growth of men's product and women's non-boot categories which experienced outsized growth this year, and expand the brand's lifestyle appeal through license opportunities with new product adjacencies.
And finally, Sanuk revenue in fiscal 2021 declined to $42 million. Over the last year, the Sanuk team made great progress to right-size the brand's distribution focusing on wholesale channel leaders and owned direct-to-consumer. Through this process, the brand implemented a product segmentation and exclusive strategy, tailoring the consumer experience for each unique access point. With an optimized marketplace, we believe Sanuk has the opportunity to build on its loyal consumer base through innovation and comfort and sustainability and continue as a positive contributor to our total company bottom line.
With respect to channel performance in fiscal 2021, the strength of e-commerce drove DTC to increase 45% over the prior year, helping improve our mix of DTC revenue to 42%, up from 35% last year. Every brand in our portfolio experienced growth through the direct-to-consumer channel across both domestic and international regions. Global consumer acquisition online, which increased 88% over last year was the primary driver of DTC performance in fiscal 2021. This was partially offset by a decline in retail traffic that resulted from macro pandemic pressures. Despite the reduction in consumer traffic to stores, people were shopping with the intent to purchase as we saw a 30% increase in conversion. We believe this higher rated purchase conversion can be attributed to improved omni-channel capabilities, including buy online pickup in store, mobile POS systems and curbside pickup, which helped provide a more seamless experience at our stores. A huge thank you to our store employees who made consumers safety and a positive experience, a top priority amid difficult circumstances.
Global wholesale revenue in fiscal year 2021 increased 6% as compared to last year. Wholesale growth was driven by the global expansion of HOKA, with offsets from international UGG as well as global reductions in Teva and Sanuk. UGG experienced strength in domestic wholesale that was more than offset by an international decline, which was due to a combination of marketplace reset initiatives and macro pressures from the pandemic. We see a path for international UGG wholesale to return to growth in fiscal 2022, helping to drive strength in global wholesale moving forward.
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 front, which we believe is having a positive impact on consumers' passion for our brands. Here at Deckers, we believe doing good is core to doing well, and we intend to continue leading in this space. Over the past few months, UGG announced Earth Day commitments which highlighted the brand's commitment to regenerative farming, UGG introduced its first ever plant power collection, which features carbon-neutral plant-based materials, Teva launched its TevaForever program where consumers are now able to recycle old sandals that will be reborn into new things such as playgrounds or running tracks, Sanuk introduced a limited edition collaboration with the Surfrider Foundation using environmentally friendly materials with proceeds benefiting Surfrider's mission to protect clean water and maintain healthy beaches, and we held our second Art of Kindness event, which is a week-long global giving initiative that encourages our employees across the globe to volunteer time toward causers helping others. This second Art of Kindness event included over 3,800 volunteer hours, and we were able to double the employee participation from last year's event. A huge thank you to all employees who participated and helped to make a positive impact around the world. Our brands in our company are committed to giving back and doing business in the right way and we look forward to pushing further progress in sustainability and service over the next year and beyond.
With that, I'll hand the call over to Steve to provide further details on our fiscal 2021 financial results as well as our initial outlook on fiscal 2022. Steve?
Steven J. Fasching -- Chief Financial Officer
Thanks, Dave, and good afternoon, everyone. As Dave just covered, fiscal year 2021 was an outstanding year for the Deckers organization, reaching a number of new milestones as we saw accelerated demand for our brands. The performance of our brands over the last year was enabled by the key long-term strategies we've been investing behind that have helped transform Deckers into a digitally led organization with a portfolio of brands that are in demand and have further opportunity to grow. While our strategy has provided a solid foundation for the organization to perform well, we acknowledge that this past year has been full of unique circumstances that have helped put a spotlight on our brands. In particular, with the UGG brand, which was able to drive growth well beyond our pre-pandemic expectations. On the other hand, HOKA was able to overcome supply chain challenges and a disrupted wholesale marketplace to maintain the accelerated growth trajectory the brand has been experiencing prior to the pandemic. With total company topline growth accelerating faster than our ability to keep pace with investments, we acknowledge there is work ahead of us to realign infrastructure needs to our evolving organization. I'll provide more detail on these planned investments later in the call, but first, let's get to our fourth quarter and fiscal year 2021 results.
Revenue for the fourth quarter was $561 million, up 50% versus the prior year, with the primary drivers of growth being UGG and HOKA. More specifically, growth in UGG was driven by strength in classic boots, winter boots and spring fluff products, while also benefiting from lapping last year's disruption of wholesale shipments as well as retail store closures in the final two weeks of March. Continued exceptional performance with HOKA helped the brand deliver a quarterly revenue record increasing 74% versus the prior year to $178 million as we continued to see strong brand momentum and incredible consumer adoption.
Gross margin for the quarter was 53.2%, a 170 basis point improvement driven by improved full price selling, a higher proportion of DTC business and favorable foreign currency exchange rates, partially offset by increased freight and transportation cost. SG&A for the quarter was $244 million or 43.5% of sales versus last year's $176 million or 47% of sales. The increase in spend was primarily driven by variable spend related to the increased revenue as well as additional marketing, performance related compensation and other items. These results demonstrate another exceptional quarter as we continue to see consumers seeking out our diverse offering of compelling products across our portfolio of brands. With the strength of the fourth quarter, our full fiscal year 2021 revenue came in at $2.546 billion, representing an increase of 19% versus the prior-year. Performance as compared to the prior year was again driven by growth in the HOKA and UGG brands as HOKA increased 62% over the prior year to $571 million with strength across all global regions and channels of distribution and UGG increased 13% over the prior year to $1.717 billion with growth of the US offsetting international declines.
Across our entire portfolio of brands, DTC was the primary driver of growth, increasing 45% over last year due to the strength of our online business which overcame declines in the retail channel related to the pandemic. Gross margins for the year were up 220 basis points over last year to 54%. The increase in gross margin rate was related to 90 basis points from favorable channel mix, 80 basis points from lower promotional activity, including a reduction of closeouts, favorable brand mix as HOKA increased as a percentage of the total company and favorable foreign currency exchange rates with offsets coming from higher freight expense. SG&A dollar spend for the year was $870 million, up 14% from last year's $766 million. Higher spend was primarily driven by increased marketing to capitalize on momentum in our brands and begin to see localized marketing for international UGG, increased warehouse and logistics cost related to the compensation as well as safety measures in place to protect our employees, increased spend on our e-commerce infrastructure to support the growth of that channel with offsets from lower retail store expense and travel savings that resulted from the pandemic. For the year, our tax rate was 23.7%, which compares to 19% last year. Taxes were higher this year as a result of a higher proportion of domestic revenue as well as certain discrete items recognized in Q4. This all resulted in a record diluted earnings per share of $13.47 for the year, which compares to $9.62 in the fiscal year 2020. The more than $3 increase as compared to last year was driven by revenue growth in the HOKA and UGG brands, SG&A leverage as revenue growth exceeded expense growth, a greater mix of DTC revenue, a higher percentage of full price sales across our portfolio of brands, favorable foreign currency exchange rates, which was slightly offset by a higher tax rate.
Turning to our balance sheet at March 31, 2021. We ended fiscal year 2021 with $1.089 billion of cash and equivalents. Inventory was $278 million, down 11% from $312 million at the same time last year and due to the repayment in full of our corporate headquarter mortgage we had no outstanding borrowings. For the year, these results returned invested capital above 30%. During the fourth quarter, we repurchased approximately $99 million worth of shares at an average price of $322.87. I would note that for the majority of the year, we had paused share repurchase activity as we shifted focus to preserving the strength of our balance sheet based on uncertainty related to the pandemic. Typically, at this point in the year, we would provide an update to our global backlog. Over the last few years, we have continued to signal that less and less emphasis should be placed on backlog as an indicator of future performance. Due to the evolution of our portfolio of brands and distribution strategies, as such, we will no longer be providing backlog.
Moving to our outlook for fiscal year 2022, as Dave and I have touched on, fiscal 2021 was a year of full of unique circumstances, some of which directly benefited our brands. With sights set on the long term evolution of Deckers, fiscal 2022 was thoughtfully planned to bolster the strong foundation already in place and set the table for sustained revenue and earnings power. For the full fiscal year 2022, we expect a year-over-year topline growth rate of mid to high teens leading to revenue in the range of $2.95 billion to $3 billion with HOKA growing in the 40% range, reaching an $800 million milestone, UGG growing in the high single digits to low double-digit range driven by domestic wholesale strength and international returning to growth, Koolaburra growing in the low double-digit range, Teva growing in the mid-single digit range, and Sanuk approximately flat to last year. Gross margin is expected to be approximately 53.3% which is 70 basis points lower than FY '21, due to increased shipping cost for ocean containers and air usage, unfavorable product mix shifting toward lower price items, potential channel mix headwinds related to the wholesale filling for the UGG and distributor growth in HOKA and inflationary pressures.
SG&A is expected to be approximately 35.5% of revenue, as we made key investments to drive long-term growth and fuel near-term opportunities with variable spend. Strategic spending to drive the evolution of Deckers includes investment in our supply chain and logistics infrastructure to increase capacity with an additional distribution center in the US, larger facilities internationally and improved planning tools to drive efficiencies; investment to further our digital transformation through added e-commerce capabilities to increase personalization and added analytical tools to optimize data insights and returns on marketing investments; investment in China to seed the HOKA opportunity and reignite UGG brand heat in the region and investment to bolster our talent across the organization as we scale larger and enable emerging opportunities with added capabilities. Variable spending to fuel near-term opportunities include digital content creation to drive DTC conversion, targeted digital marketing to acquire new consumers, investments to drive growth in UGG ready-to-wear and build awareness of HOKA appear.
Our expense and gross margin guidance represents an expected operating margin in the range of 17.5% to 18%, which aligns with our commitment to remain top tier among our peers. This targeted operating margin for FY '22 represents meaningful expansion when compared to pre-pandemic years, where we had consistently achieved an operating margin of approximately 16% in FY '19 and FY '20. This demonstrates that we are flowing through a portion of recent margin expansion achieved in FY '21 that we intend to preserve as we step into FY '22. These include 90 basis points of channel mix with a larger proportion of DTC business, 50 basis points of brand mix as our mix of HOKA increases and expecting our rate of full price selling to be similar to that experienced in FY '21. We are also projecting a tax rate of approximately 23%, all resulting in expected diluted earnings per share in the range of $14.05 to $14.65. Capital expenditures are expected to be in the range of $65 million to $70 million, representing a step up on recent years as we support the build out of a new distribution center in the US and further reinforce our digital transformation through added IT infrastructure.
Our fiscal 2022 guidance excludes any charges that may be considered one-time in nature and does not contemplate any impact for additional share repurchase. We will not be providing formal quarterly guidance as the environment remains highly uncertain with regional differences in the pace and scope of economic recovery from the pandemic, as well as continued disruption across the entire supply chain as a result of the pandemic. In addition, with significantly lower inventory in the channel, the normal order and delivery pattern has shifted this year with a greater increase expected in the first half, further complicating expected timing of delivery. Therefore, it is important to note that a focus on a full-year guidance best represents a holistic view of how we are driving full-year long-term targets.
For further context on how we are looking at the first half of the year, we expect strong global wholesale growth from both UGG and HOKA as both brands lap disruption in the channel from last year and UGG benefits from earlier wholesale orders to fill in depleted inventories, continued expansion of global HOKA direct-to-consumer as the brand acquires new consumers online through increased awareness and more consumers migrate online for replenishment, higher marketing cost to keep UGG top of mind with consumers as less people are working from home as well as a step up in our investment in localized content for international regions, higher marketing costs for HOKA as the brand increases its presence at events with the world opening up as well as increased spend to begin building awareness in China, increased spend on people as we build our workforce and lap some savings experienced last year due to hiring and merit freeze, elevated warehouse and logistics cost to support the increased scale of business both domestically and internationally with continued safety measures in place and higher freight costs continuing to be a drag on gross margins. Overall, we anticipate first half revenue will represent a larger percentage of the full year revenue than in prior years.
And finally, on capital allocation. With the build of our cash balance over the last year, we completed a thorough review of our strategy. Based on our goal to drive shareholder value, the Board of Directors has approved an increase of $750 million to the company's share repurchase authorization. This increased authorization in conjunction with higher capital expenditure investments supporting our key initiatives highlights the Board's confidence and management's ability to achieve our strategic plan and drive shareholder value, while maintaining strength in liquidity. Deckers will maintain a competitive position versus peers based on growing multiple brands in our portfolio, including one of the fastest growing footwear brands in HOKA, evolving our channel distribution with the long-term goal of reaching a 50% mix of DTC, achieving top tier levels of profitability and leadership in ESG space as we seek to do business in the right way by making positive contributions to our communities and the world at large.
To close, I'd like to thank our employees for their dedication to managing through tough circumstances to deliver record results in an unprecedented year. I'm excited for the years ahead as we invest behind the evolution of Deckers and capitalize on our strong portfolio of brands. 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. Fiscal 2021 was an exceptional year for Deckers, as our company was able to build awareness and globally expand the HOKA brand as well as capitalize on the unique tailwinds for the UGG brand. Our long-term strategies enabled our brands to accelerate consumer acquisition online, which helped in company achieve the milestone of delivering a record operating profit of $0.5 billion.
With strong momentum in our brands, we're going to maintain an aggressive approach to taking market share of wholesale while also strengthening our digital capabilities to acquire consumers through our direct channels. We believe each of our brands has a compelling product offering for their respective target consumers. The health of our brands and the excitement for our products provide a strong setup for the year ahead. Our guidance includes mid to high-teen revenue growth with multiple brands expected to grow double-digits, implying over $800 million of revenue added over two-year period. Deckers will remain top tier among peers while making important investment for the long-term evolution of the organization.
We are confident in our long-term vision to drive more business through our direct-to-consumer channels, build the HOKA brand beyond $1 billion in revenue and increase our mix of business from international markets. To achieve these objectives and enable new opportunities with our portfolio of strong brands, we are focused on fostering existing talent within the organization as well as acquiring new talent for added capabilities. I am proud to be leading this organization and greatly appreciate all the work of our employees over the past year and recognize the energy already being put forth to make fiscal 2022 just as great. 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. We will now begin the question-and-answer session.
[Operator Instructions]
Our first question comes from Camilo Lyon with BTIG. Please go ahead.
Camilo Lyon -- BTIG -- Analyst
Thank you. Good afternoon, everyone, and congrats on a strong finish to the year.
Dave Powers -- Chief Executive Officer, President And Director
Hi, Camilo.
Camilo Lyon -- BTIG -- Analyst
Hi. I wanted to follow up, Steve, on a comment you made just at the end of your remarks regarding influence [Phonetic] some of the wholesale partners of yours with inventory sooner. Clearly, I think there's an anticipation there to avoid some of the supply chain disruptions that many have suffered this past year. I'm curious how are you thinking about inventory build in anticipation of any chase opportunities given that you'll probably having to hold on some of that inventory a little bit longer through the season, given the earlier shipments that you've spoken about?
Steven J. Fasching -- Chief Financial Officer
Yeah, let me -- thanks, Camilo. Good question. What we're seeing, and I'll take a step back to just to kind of explain what's going on. I think with inventories low, our own inventory again down 11% and lower inventories as you mentioned kind of lower in the channel, we do want to bring in more inventory in the first couple of quarters, and we do want to get it out to our wholesale customers, so that they have it in stock and on shelves during the prime selling season. So that is the shift from what we normally see. It may limit, I would say, the chase opportunities. That's why we're seeing kind of a more robust first half. I think that's why it was important to talk about kind of that first half context because we're going to see a significant portion of that growth as we expect to fulfill those wholesale orders really in the first half as we bring inventory in, so we were replenishing our depleted inventory and we're getting out to our wholesale accounts sooner, so that they have it in stock. So we will see -- again, it's one of the challenges that we're dealing with. As you know, there is significant disruption in the whole supply chain channel, another reason to try to get this inventory in earlier, so that we can avoid some of that disruption.
Dave Powers -- Chief Executive Officer, President And Director
Yeah. And just to add on to that, we did submit orders earlier than usual this year. So we are a little bit ahead of the game as far as production goes, but getting product into the country through the logistics domestically, and onto our key accounts poses a pretty meaningful challenge. We think we can overcome it, but the demand for inventory right now is still very strong. So, our accounts are looking for inventory to keep the momentum going, but also start building reserves and stocks heading into the fall and holiday timeframe as well for all of our brands.
Camilo Lyon -- BTIG -- Analyst
Got it. Two just quick follow-ups. Within that context, Steve -- and Steve, you've mentioned some inflationary pressures impacting gross margin. Is there any price taking that you are embedding in UGG or HOKA? And then just from a longer-term perspective, you talked about the investments that you're making in the business and the right investments to be making in terms of infrastructure, distribution centers, digital investments to further the growth and long-term opportunities that you have in front of you, how do you think about what that looks like in the context of longer-term EBIT margin opportunities as you start to leverage these investments this year in years two, three and four from now?
Dave Powers -- Chief Executive Officer, President And Director
Yeah, I can start. So in price increases, you know, selectively but not broad based, and so we're looking at opportunities by categories, where we can. Fluff is an example of that. But generally speaking we're not passing on price increases across the board, just more selective styles going into this back of this year. I think we have more flexibility in our DTC channels to maybe do things here and there, but the season's sold in, the inventories on its way and the wholesale accounts are expecting the prices that we've already established. But we have healthy margins and we're expecting healthy high full price sell-throughs again, and are confident in that. And from an investment perspective, yeah, with this rate of growth and the way that we pulled back on spend last year, we have some investments we need to make. We think that our brands, the demand for our brands is certainly stronger than it's ever been. Our brands matter to our consumers. They're really meaningful both on a product but also in emotional level. And we see healthy path for growth, but we need to invest in the infrastructure to not only allow that, but then to sustain it and build even further. So, we think the 17% to 18% range is about right to be able to continue double-digit growth at the topline, but we also have to spend to fuel that. Over the years, there may be a little upside to that and we can think about the flowing that through and we'll see how this year goes. But right now we feel like the right balance from a healthy brand building sustainable business is in the 17% to 18% range.
Steven J. Fasching -- Chief Financial Officer
Yeah. And I think just to add on to that, Camilo, It's more than just a one-year investment. So as Dave said, we've kind of targeted a range that we think is appropriate that kind of balances the investment as well as what it can drive in sustainable growth, both from a revenue and earnings perspective. And, yeah, there are some things that we'll be able to look at once these investments are in place to see what we can then leverage. But, I think as Dave said, we need to make these investments now. Let's see how they go and then we'll be in a better position down the road as to kind of figuring out how we could benefit from some of these investments.
Dave Powers -- Chief Executive Officer, President And Director
Yeah. And as we've been talking about last few years, a lot -- much higher percentage of our opex is variable. So we have a lot more flexibility in the year to either flow through or invest faster to drive topline growth. So, we feel pretty confident that these are sustainable levels, and as I said, there might be opportunity for increase as we get into the next couple of years.
Camilo Lyon -- BTIG -- Analyst
Excellent color. Congrats on the momentum.
Dave Powers -- Chief Executive Officer, President And Director
Thanks, Camilo.
Operator
Our next question comes from Jonathan Komp with Baird. Please go ahead.
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
Yeah. Hi. Thank you. Maybe Dave just first a follow-up. I think you just mentioned double-digit topline growth. So, I just wanted to maybe follow-up the context than your thoughts beyond the next year, if you think that's sustainable growth rate and maybe any thoughts on the pieces?
And maybe relatedly, Steve, I think you mentioned some efficiencies from some of the infrastructure and analytics investments? Any ability to break out some of the benefits expect to see from some of the investments this year?
Dave Powers -- Chief Executive Officer, President And Director
Yeah. So I'll answer your first question, Jonathan. Yeah, we see that path, but certainly this year is a little bit of a higher than normalized growth rate because of the filling component of particularly the UGG business and refilling the inventories for our wholesale accounts. So 19% is the highest we've ever guided and we're confident in it, but we're mindful that a portion of that is filling. So you'll see the growth rates probably start to normalize closer to low double digits over the next year or two. But at this point, we feel like we have a clear line of sight to be able to continue to grow our brands globally, especially with the return to growth that we're starting to see in international, and HOKA really taking hold in the investments that we're making.
Steven J. Fasching -- Chief Financial Officer
Yeah. And then, Jon, just on the kind of the leverage that we talked about kind of from a two-year stack. So, clearly what we're passing through is some benefit that we've seen in '21. So as Dave kind of mentioned, we benefited by an acceleration of revenue and didn't necessarily spend against that revenue acceleration in FY '21. So in '22, there will be a bit of that catch-up to spend against really a two-year stack of high-teen revenue growth that we believe sets the foundation for more growth.
In reference in my prepared remarks, where I talked about how we've progressed from where we were, say two years ago, we're taking some of that leverage that we achieved in '21 and really passing it through in '22 as we've seen some of those efficiencies. So it's some of the full price selling. There is going to be some on talent from where we were, say two years ago. And so that's where we start to settle down from a proportion of SG&A spend to revenue in that, call it roughly kind of 35%, 35.5% range.
So, again to the earlier question also, let's see how things go. This is a year where we're coming off the heels of strong revenue growth. We constrained some of that spend in '22. We think it's important that we get back to making those investments that are setting us up for continuing this growth that we're seeing.
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
Yeah. Great. And just one more on HOKA. Any commentary on how some of the newer distribution in wholesale is faring, either domestic or globally? And then it looks like a lot of new products coming up the next few months, so just any more comments on the pipeline and that approach to new product drops?
Dave Powers -- Chief Executive Officer, President And Director
Yeah. I would say generally speaking, across the board in new and existing accounts, sell through continues to be very strong. And as you know, we've been very methodical. The teams have done a great job of controlling strategic distribution, not going to too many doors too fast such as in case of DICK's etc. That philosophy is applied globally. And we're focused on healthy full-priced sell-through and creating demand, and that is paying off and that's working. The areas we're expanding into is obviously bolstering outdoor, so trail and hike, and you're going to still start to see a little more product and focus on marketing lifestyle opportunities. So still performance product, but adapted for a lifestyle consumer. And then we're going to continue to drive that growth across the board globally.
Each market is a little bit different as to which category we push first and how we get there, but that's the intent and the pipeline from my perspective is very strong. We have some great launches coming up this year. We have Clifton 8 launching in the next quarter, which we have a lot of demand. We're already pre-selling it on our website and the demand is there. So we feel great about the pipeline. Somehow we can get the product to the supply chain of course, and then expanding into other categories over the next 12 to 18 months. We're very excited about it.
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
Excellent. Thank you.
Dave Powers -- Chief Executive Officer, President And Director
Sorry, Clifton 8 in June.
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
Yeah, that's right. Okay, thank you.
Operator
Our next question comes from Jay Sole with UBS. Please go ahead.
Jay Sole -- UBS Securities LLC -- Analyst
Great. Thank you so much. Dave, I was just wondering, if you could elaborate on the last answer a little bit? If you could maybe just take a step back and tell us where you see HOKA in the maturity curve of this brand as it grows to a much bigger brand. As you see where the brand is right now, what's baked in the guidance, maybe take us through geographically where you see the biggest opportunities and where you hope to end the year by and where you see going it from there? And then maybe that would be a great place to start. Thank you.
Dave Powers -- Chief Executive Officer, President And Director
Sure. So, as we said in the script, we think that HOKA can get to $800 million this year. Obviously that's continued very aggressive growth opportunities. We also talked about the fact that the international growth is really kicking in from a units perspective, which is great to see the balance of that business globally and the balance across distribution. The one area that we talked about investing in and we're starting to invest in infrastructure building this year is China. It's still a relatively small business in China. It's a very exciting market for us to get into. We've been leveraging really the UGG team on the ground there for DTC, for HOKA, but it's time to start putting dedicated full-time heads on the HOKA team in China to get after that. So $800 million this year, obviously, we're on the path to $1 billion, earlier than we expected, and the momentum seems to be just building as people become more aware of the brand and we bring more consumers, particularly younger consumers into our ecosystem, really focusing on repeat purchases and expanding into new styles beyond just core running.
We think the formula there is right. I think the control distribution, the product assortment, the fact that we are resonating in multiple categories, in multiple markets globally gives us a lot of confidence that I'd say in some ways we're still in the early innings for this brand.
Steven J. Fasching -- Chief Financial Officer
And I think, Jay, just to add on to that, what we're seeing, and we had the question on the wholesale distribution. So as Dave said, we're seeing tremendous progress within our wholesale distribution. As Dave also said, what we're seeing is an acceleration of units. Now you don't necessarily see that in the same proportion on revenue because much of our internationals is through distributors. So when we think about HOKA, and as Dave said approaching $800 million faster than we previously thought clearly $1 billion in our sites, a lot of opportunity. One, as we bring more customers through our direct channels, we're seeing higher adoption through direct-to-consumer channel.
On the international front, the investments that we're making will drive greater acceleration of growth on the international front. And then we have a channel opportunity that we can think about kind of down the road. So, clearly very excited about the potential of HOKA, and where it can go and were sitting in the very great place.
Jay Sole -- UBS Securities LLC -- Analyst
Got it. That's super helpful. Thanks so much.
Dave Powers -- Chief Executive Officer, President And Director
Thanks, Jay.
Operator
Our next question comes from Sam Poser with Williams Trading. Please go ahead.
Sam Poser -- Williams Trading LLC -- Analyst
Good afternoon. Thanks for taking my questions. I guess, is your SG&A going to follow the same, the flow of the business in the year or should we think about that 35%, will we see it more front-end loaded on the investment or is it going to spread out of them?
Steven J. Fasching -- Chief Financial Officer
It's going to be spread out. Some of it needs to ramp, right. So you will see it a little bit in disproportion to the revenue growth. So we're going to see more revenue growth upfront as we're filling in the wholesale channels. We're going to be ramping investments really throughout the year. So more revenue growth on the front half of ramping of investments really over the year.
Sam Poser -- Williams Trading LLC -- Analyst
Okay. And then I've got two more. One, do you expect the wholesale absolute revenue from UGG to be higher in Q2 or Q3 in absolute dollars, I mean or is Q3 still going to be the biggest or just going to be less growth?
Dave Powers -- Chief Executive Officer, President And Director
In some ways it's hard to call that right now, Sam, because of the supply chain challenges. And so that's one of the reasons that quarterly guidance is challenging because, it's hard to say exactly when product is going to arrive and when we can get it out based on the quarter-end. So that's one of the things we're kind of dealing with is putting in more confidence into when product can arrive and calling the ball on that. Certainly, you're going to see an increase in the first half, bigger than we have in the past, but exactly how that relates to Q3 versus Q2 sales, still a little early to make that call.
Steven J. Fasching -- Chief Financial Officer
Yeah. And I think the other challenge, Sam, is we had such a strong Q3, Q4 that when you look at the comparison '22 to '21, right, we're going to be comparing against some very strong quarters in the back half. So when you think about percentage growth, it's really front half loaded in those terms, especially as we're trying to fill that wholesale channel earlier this year.
Sam Poser -- Williams Trading LLC -- Analyst
Got you. And what percent of the marketing of the increased SG&A is being put toward digital marketing?
Dave Powers -- Chief Executive Officer, President And Director
Yeah. I mean, I'd have to get the exact number on that. I mean, it's significant, and we're continuing to invest in marketing across the board for HOKA, and then also -- but in key categories incremental marketing spend for UGG. So as a percentage of sales, marketing is going up across the board. So I don't know if we have the exact number of that. We can maybe get into in Q&A later, but that's how we're thinking about it. So a big part of the growth is relying on the fact that we are increasing marketing spend broadly, and in new areas such as apparel and UGG for example and men's and kid's, but the rest is really on headcount and resources on the ground in China and infrastructure building.
Sam Poser -- Williams Trading LLC -- Analyst
Thanks. And then one last thing, M&A with -- are you looking at anybody? You've talked about building out HOKA apparel, and you said you might hire it, you might buy it, so you did -- I know you're not going to give -- I'm not going to get an answer, but I'll ask anyway. So you did a collab with Cotopaxi, very interesting both [Indecipherable] did as well as the outdoor apparel line itself [Speech Overlap]?
Dave Powers -- Chief Executive Officer, President And Director
Yeah. No, just good business practice. We're always having conversations, and we're open, and -- but very selective. The biggest challenge for us is we have so much opportunity in our organic business today. It's hard to contemplate really doing something significant on top of that from a resource and just management's time perspective. The focus has served us well over the last four or five years and we're going to continue down that approach.
With that being said, we're -- just -- part of my job is just knowing what's happening out in the environment, talking to different brands and companies, early stages, late stages, but right now we're intently focused on the core organic growth that we have in front of us. And then as it relates to apparel, actually we believe more so now than ever that we don't necessarily need an acquisition to allow us to grow that business. Right now, we're focused on building internal talent and capabilities. Because of the strength of the brand, we think we can do that on top of our strong DTC channel, our supply chain and our omnichannel capabilities.
Sam Poser -- Williams Trading LLC -- Analyst
Thanks very much. Continue the success.
Dave Powers -- Chief Executive Officer, President And Director
Thanks Sam.
Operator
Our next question comes from Jim Duffy with Stifel. Please go ahead.
James Duffy -- Stifel, Nicolaus & Co. -- Analyst
Thanks. Hello, everyone.
Dave Powers -- Chief Executive Officer, President And Director
Hi, Jim.
Steven J. Fasching -- Chief Financial Officer
Hi, Jim.
James Duffy -- Stifel, Nicolaus & Co. -- Analyst
Hope you guys are doing well. I wanted to start on the UGG business. The increasing frequency of purchase very encouraging. As you're thinking about growth for this year, I recognize a component of it is still in, but can you provide some dimension to the domestic growth by discussing it across product categories? Are there any categories that have outsized drivers?
Dave Powers -- Chief Executive Officer, President And Director
Yeah. I think one thing that is really exciting, and as you mentioned it is the two things. One, the younger consumers that have begun to embrace the brand which is something we've been working on for a while and I think the brand has done an exceptional job of being relevant for that consumer both from a communication and product perspective, and we are finding that they're purchasing more often. Our cycle of repurchase for UGG used to be in the 18 to 24-month range, now we're seeing multiple purposes in the same quarter as the product becomes more relevant year-round.
So we're going to continue to build on that. Obviously, the Fluff franchise, the slipper hybrid, indoor/outdoor slipper category is going to continue to be important for us. Although slipper as a total category is not as big as you see in sneakers or boots or other areas, but for us it's very meaningful. So we're going to continue to build on that. Classics across the board, the Ultra Mini is in the early days for us of excitement and growth. The Classic Clear is the style that we launched last year that sold out, and there is big orders against that coming again this fall. We have a really compelling and exciting rain proposition in the UGG brand. And then you get into the heritage evolutions of things like the Tasman and how we're evolving that product into different materials and different use occasions for both men and women and the Neumel.
So it's a combination of multiple categories inclusive of apparel. What was exciting about FY '21 is the growth in UGG came from non-core product, and then increased growth in men's and kid's. So this is the most broad-based enthusiasm I've ever seen for the brand from gender and category perspective. It's much more balanced than we used to be, which is by design and which is very exciting for us. And I think it gives us a lot more opportunity to segment product by channel of distribution and consumer to make sure that we're having high sell-through and high rates of adoption across the board globally. So it's tough to put it. We're not relying on the Classics, like we used to be anymore, and there's a lot more exciting product and innovation going in across all the categories.
James Duffy -- Stifel, Nicolaus & Co. -- Analyst
That's great to hear. And can you comment in a little more detail on what you're seeing with the ready-to-wear apparel business. It feels like that's gaining some momentum. Maybe give us a sense for where that stands? Is it percent of the mix and if you expect to see outsized growth from that in coming years?
Dave Powers -- Chief Executive Officer, President And Director
Yeah. The answer there is yes. You're not going to see outsized growth this year, but what we learned last year with the ready-to-wear launch is that we have struck a nerve with the consumer that is a great combination of fun, fashionable UGG brand DNA and comfortable that I think is perfect for UGG and I think there is white space in the market for us to be able to have a significant share of market and growth globally. It's relying on retail, it's relying on getting our e-commerce capabilities for apparel improved, so that we can fully showcase head-to-toe looks and drive the business through those channels and selective wholesale distribution globally.
So the team has done a phenomenal job of positioning ourselves. Last year was really proof of concept for us, and it proved to be very successful. We're super bullish about the opportunity over the next three to five years, and that's one of the areas you're going to see more investment in both on infrastructure, but also on marketing and reaching global consumers.
James Duffy -- Stifel, Nicolaus & Co. -- Analyst
Great. And just a point of clarification, I understand some of the strong growth this year is still in, Dave, I interpret your comments to Jonathan's question that you see UGG as a double-digit growth business over the intermediate term looking beyond fiscal '23, I'm sorry, fiscal '22?
Dave Powers -- Chief Executive Officer, President And Director
That was more related to total company, Jim.
James Duffy -- Stifel, Nicolaus & Co. -- Analyst
Okay.
Dave Powers -- Chief Executive Officer, President And Director
Yeah.
James Duffy -- Stifel, Nicolaus & Co. -- Analyst
Thank you.
Dave Powers -- Chief Executive Officer, President And Director
All right. Thank you.
Operator
Your next question comes from Paul Lejuez with Citi. Please go ahead.
Paul Lejuez -- Citigroup -- Analyst
Hey. Thanks, guys. Just shifting back to HOKA. You talked about $800 million, this year $1 billion plus being inside that's -- that's obviously revenue to you guys. I'm kind of curious how you're thinking about the size of that brand at retail five years down the road? And of that, whatever number you might be thinking about in terms of how large it can be, how much of that are you going to really kind of own that revenue versus continue to use the distributor model? And I guess related to that as you talk about that double-digit growth over the next couple of years, do you incorporate an assumption of bringing some of that distributor business back in-house or in-house, I should say.
Steven J. Fasching -- Chief Financial Officer
Yeah. So I understand the question. Those are all questions that we are needling on a constant basis with our ELT and board. All of those are opportunities. I think that the $800 million and the $1 billion number does not require the take-backs of distributors at this point. I think that's a further out opportunity for us that requires the right level of investment in infrastructure for us to be able to do that correctly, but it's not necessary for us to hit these short-term targets. The longer-term targets, that along with outsized growth from where we are today in China down the road expanded categories, apparel potential, you can see that there is a multi-billion dollar brand down the road at some point.
Paul Lejuez -- Citigroup -- Analyst
Yeah. Got you. And just to be clear, I just want to understand, when we talk about the supply chain, any pressures you might be seeing, can you just -- just want to understand like in which brands, which channels is that affecting most right now? And how do you see that kind of fixing itself over the next several quarters?
Dave Powers -- Chief Executive Officer, President And Director
Yeah. The first thing I would say is, I want to give our operation and our supply chain teams a lot of credit for the way they handled last year. This success and our ability to chase demand in this environment and then to ramp-up for the growth that we're seeing and standing up in new DC in the midwest, getting the inventory, the orders in as fast as we can, they're kind of the unsung heroes of the story right now and they're doing a tremendous job. What that means going forward, the risks and the opportunities exist broadly speaking across the board, but the biggest challenge for us is really domestic US, getting the inventory in over the next couple of months and getting it through our DCs and out to the wholesale account. So it's hard to say precisely which brand, which channel etc. I would just say it's more broad-based and we have a list of how we're prioritizing brands and channels within that to give us the best opportunity to be successful this year.
Steven J. Fasching -- Chief Financial Officer
Yeah. And Paul, and what I would say on the whole supply chain channel disruption is it's not unique to us.
Dave Powers -- Chief Executive Officer, President And Director
Yeah.
Steven J. Fasching -- Chief Financial Officer
This is something, as you see right in the news, everyone's experiencing. I think we're in a better position than many of our peers because last year we didn't cut back our orders as dramatically as many of our peers did. And as a result of that, we're in a better position with our factories. So as we're ramping up inventory into the year, we feel we're in a better position, still going to confront constraints and disruption, but we think we're better positioned than most, given how, as Dave said, we navigated last year, but still very mindful of what we're dealing with.
Dave Powers -- Chief Executive Officer, President And Director
Yeah. And I think that confidence is reflected in our guidance.
Paul Lejuez -- Citigroup -- Analyst
Got it. Thank you, guys. Good luck.
Dave Powers -- Chief Executive Officer, President And Director
Thanks.
Operator
Our next question comes from Dana Telsey with Telsey Advisory Group. Please go ahead.
Dana Telsey -- Telsey Advisory Group -- Analyst
Good afternoon and congratulations on the progress.
Dave Powers -- Chief Executive Officer, President And Director
Thanks, Dana.
Dana Telsey -- Telsey Advisory Group -- Analyst
As you think about the current environment and going into next fiscal year, how do you unpack the investment spend between the first half and the second half of the year? Do any of the COVID costs, do they roll-off? How do you see it in-bucketing whether it's freight, whether it's wages, or COVID costs?
Steven J. Fasching -- Chief Financial Officer
Good question. And as we think about FY '22 and we think about the ramping of investments, clearly we're coming, as I said earlier, in a position where revenue was coming in faster than we could spend against it to build infrastructure. So I think, to Sam's question earlier, we do see investments ramping in the year, so bringing new talent in is going to take time, putting up some of the infrastructure will take a little bit of time, but there are some upfront costs that we're incurring in the year. So as we think about those aspects, again, you'll see a build in the year related to that.
In marketing, we are doing more marketing upfront this year because we want to continue to fuel that demand that's in the marketplace. So you'll see some of the marketing -- increased investments in the first half of the year. So it's a bit of a mixed bag if you look at the whole year. But generally speaking, it takes some time to build that investment. So generally speaking, you will see a bit of a ramp, but there are components that we're going to spend more aggressively in the first half.
Dave Powers -- Chief Executive Officer, President And Director
Yeah. I think those are really related to, as you said, infrastructure building and marketing ahead of the curve in places like China, but the one variable, Dana, that is the most challenging to call is hiring because it's a competitive marketplace out there. We're selective in looking for top talent around the globe. We were pretty much on a hiring freeze all of last year, so we have a lot of catching up to do. And in this environment, people are still working from home. It's hard to call the ball on how fast we can ramp-up key hires. But you know that we're aggressive about it. It's a number one priority for our new CHRO that came on three months ago and the team. And as I've said, we have an opportunity with the momentum in our brands and the strength of our businesses to really find top talent globally, and that's the priority. You don't want to rush it, but we are urgent about bringing on people pretty quick.
Dana Telsey -- Telsey Advisory Group -- Analyst
And on the people you're bringing in, is it marketing, is it merchants for apparel? What's your key priorities in who you're bringing in?
Dave Powers -- Chief Executive Officer, President And Director
China, marketing, creative for e-commerce and digital capabilities.
Dana Telsey -- Telsey Advisory Group -- Analyst
And then price increases, will we see any price increases this year and does it differ at all by brand?
Dave Powers -- Chief Executive Officer, President And Director
You won't see broad-based price increases this year. There might be some selective ones based on category and styles. Fluff is an opportunity for us from a pricing perspective, but generally speaking, we feel good about our prices. We think the proposition for the consumer is very compelling from a value proposition. Some other brands I think are talking about raising prices here and there. At this point, it's not a broad-based strategy of ours. We're continuing to focus on making sure that we have a very compelling offer for our consumer.
Dana Telsey -- Telsey Advisory Group -- Analyst
Just one last thing. Anything on new wholesale customers? You're expanding with DICK'S. Any others that we should be thinking about?
Dave Powers -- Chief Executive Officer, President And Director
Not of that size. Selective ones, think about the HOKA lifestyle opportunity and key accounts like Free People that we are just launching with this year. But more generally, we're reducing accounts for UGG still, and focused on the top key strategic accounts that we have. So wholesale expansion other than opportunities where we're trying to get a younger consumer for UGG or get into new category opportunities in HOKA, but generally speaking, wholesale door expansion is not a major strategy of ours.
Dana Telsey -- Telsey Advisory Group -- Analyst
Thank you.
Dave Powers -- Chief Executive Officer, President And Director
You bet.
Operator
Our final question comes from Laurent Vasilescu with Exane BNP Paribas. Please go ahead.
Laurent Vasilescu -- Exane BNP Paribas -- Analyst
Good afternoon and thank you for squeezing me in. Steve, I think you mentioned in your prepared remarks that you anticipated first half revenues to represent a larger percentage of your overall full year guide. I understand you're not giving quarterly guidance, but can you just kind of give us kind of benchmarks? Historically, you've been pretty consistent that your 1H revenues are about 37% of your overall revenues. So any framework on that just for us to understand would be very helpful.
Steven J. Fasching -- Chief Financial Officer
Yeah. I think the -- again, not giving guidance, but when you think about the percentage growth for the year, again, as I said earlier on the Q&A, we will be lapping very strong Q3 and Q4. The majority of our -- large majority of our percentage revenue growth will be occurring, as we expect, if things go according to plan in that first half, but again, as Dave said, there is a lot of moving pieces. There is a lot of still, as we're rebuilding inventory, trying to get that inventory in in time and then turned around at our DC, it's also working with wholesalers to have them take product earlier. I think we're in a relatively good place where they are rebuilding their inventory levels as well. So if things play out as we see it, right, that will create much stronger growth on a percentage terms in the first half. Now, some of that can drift, again, which is why we don't want to give guidance yet because we have a lot of shipping that goes out in those final two weeks of quarters, which is kind of the way it lands. So things can move relatively easy between quarters.
Laurent Vasilescu -- Exane BNP Paribas -- Analyst
Very helpful. And then as a follow-up question, in terms of HOKA growth, the 40% growth, I think you alluded to in your prepared remarks in terms of number of pairs, roughly half is done overseas. Maybe can you just kind of give us some context that for the full year, fiscal year '21, where do your international revenues fall in terms of dollars? And then does the 40% growth, does it anticipate any -- taking any of your distribution in-house in Europe?
Dave Powers -- Chief Executive Officer, President And Director
Yeah. I'll take the last one first. No, we do not, not at this stage or this year are we looking at this way. And then in terms of domestic versus international, we don't really break that out, other than to say, just to give a little bit of color on the half year, I'll say, a little bit more growth on HOKA in the front half, again, as we lap bigger quarters in the back half, again, on percentage terms.
Laurent Vasilescu -- Exane BNP Paribas -- Analyst
Thank you very much.
Dave Powers -- Chief Executive Officer, President And Director
Yeah.
Operator
[Operator Closing Remarks]
Duration: 76 minutes
Call participants:
Erinn Kohler -- Vice President, Investor Relations, Corporate Planning, & Business Analytics
Dave Powers -- Chief Executive Officer, President And Director
Steven J. Fasching -- Chief Financial Officer
Camilo Lyon -- BTIG -- Analyst
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
Jay Sole -- UBS Securities LLC -- Analyst
Sam Poser -- Williams Trading LLC -- Analyst
James Duffy -- Stifel, Nicolaus & Co. -- Analyst
Paul Lejuez -- Citigroup -- Analyst
Dana Telsey -- Telsey Advisory Group -- Analyst
Laurent Vasilescu -- Exane BNP Paribas -- 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 Corp (NYSE: DECK) Q1 2021 Earnings Call May 20, 2021, 4:30 p.m. Welcome to the Deckers Brands Fourth Quarter Fiscal 2021 Earnings Conference Call. 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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Strategic spending to drive the evolution of Deckers includes investment in our supply chain and logistics infrastructure to increase capacity with an additional distribution center in the US, larger facilities internationally and improved planning tools to drive efficiencies; investment to further our digital transformation through added e-commerce capabilities to increase personalization and added analytical tools to optimize data insights and returns on marketing investments; investment in China to seed the HOKA opportunity and reignite UGG brand heat in the region and investment to bolster our talent across the organization as we scale larger and enable emerging opportunities with added capabilities. Operator [Operator Closing Remarks] Duration: 76 minutes Call participants: Erinn Kohler -- Vice President, Investor Relations, Corporate Planning, & Business Analytics Dave Powers -- Chief Executive Officer, President And Director Steven J. Fasching -- Chief Financial Officer Camilo Lyon -- BTIG -- Analyst Jonathan Komp -- Robert W. Baird & Co. -- Analyst Jay Sole -- UBS Securities LLC -- Analyst Sam Poser -- Williams Trading LLC -- Analyst James Duffy -- Stifel, Nicolaus & Co. -- Analyst Paul Lejuez -- Citigroup -- Analyst Dana Telsey -- Telsey Advisory Group -- Analyst Laurent Vasilescu -- Exane BNP Paribas -- Analyst More DECK analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor Corp (NYSE: DECK) Q1 2021 Earnings Call May 20, 2021, 4:30 p.m.
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Operator [Operator Closing Remarks] Duration: 76 minutes Call participants: Erinn Kohler -- Vice President, Investor Relations, Corporate Planning, & Business Analytics Dave Powers -- Chief Executive Officer, President And Director Steven J. Fasching -- Chief Financial Officer Camilo Lyon -- BTIG -- Analyst Jonathan Komp -- Robert W. Baird & Co. -- Analyst Jay Sole -- UBS Securities LLC -- Analyst Sam Poser -- Williams Trading LLC -- Analyst James Duffy -- Stifel, Nicolaus & Co. -- Analyst Paul Lejuez -- Citigroup -- Analyst Dana Telsey -- Telsey Advisory Group -- Analyst Laurent Vasilescu -- Exane BNP Paribas -- Analyst More DECK analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor Corp (NYSE: DECK) Q1 2021 Earnings Call May 20, 2021, 4:30 p.m. Welcome to the Deckers Brands Fourth Quarter Fiscal 2021 Earnings Conference Call.
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Operator [Operator Closing Remarks] Duration: 76 minutes Call participants: Erinn Kohler -- Vice President, Investor Relations, Corporate Planning, & Business Analytics Dave Powers -- Chief Executive Officer, President And Director Steven J. Fasching -- Chief Financial Officer Camilo Lyon -- BTIG -- Analyst Jonathan Komp -- Robert W. Baird & Co. -- Analyst Jay Sole -- UBS Securities LLC -- Analyst Sam Poser -- Williams Trading LLC -- Analyst James Duffy -- Stifel, Nicolaus & Co. -- Analyst Paul Lejuez -- Citigroup -- Analyst Dana Telsey -- Telsey Advisory Group -- Analyst Laurent Vasilescu -- Exane BNP Paribas -- Analyst More DECK analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor Corp (NYSE: DECK) Q1 2021 Earnings Call May 20, 2021, 4:30 p.m. Welcome to the Deckers Brands Fourth Quarter Fiscal 2021 Earnings Conference Call.
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2021-05-21 00:00:00 UTC
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New Forecasts: Here's What Analysts Think The Future Holds For Deckers Outdoor Corporation (NYSE:DECK)
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DECK
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https://www.nasdaq.com/articles/new-forecasts%3A-heres-what-analysts-think-the-future-holds-for-deckers-outdoor-corporation
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nan
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Shareholders in Deckers Outdoor Corporation (NYSE:DECK) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The analysts have sharply increased their revenue numbers, with a view that Deckers Outdoor will make substantially more sales than they'd previously expected.
Following the upgrade, the most recent consensus for Deckers Outdoor from its eleven analysts is for revenues of US$3.0b in 2022 which, if met, would be a substantial 27% increase on its sales over the past 12 months. Per-share earnings are expected to grow 13% to US$14.77. Before this latest update, the analysts had been forecasting revenues of US$2.7b and earnings per share (EPS) of US$14.50 in 2022. It seems analyst sentiment has certainly become more bullish on revenues, even though they haven't changed their view on earnings per share.
NYSE:DECK Earnings and Revenue Growth May 21st 2021
The consensus price target increased 5.4% to US$412, with an improved revenue forecast carrying the promise of a more valuable business, in time. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Deckers Outdoor analyst has a price target of US$435 per share, while the most pessimistic values it at US$350. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or that the analysts have a clear view on its prospects.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Deckers Outdoor's past performance and to peers in the same industry. The analysts are definitely expecting Deckers Outdoor's growth to accelerate, with the forecast 27% annualised growth to the end of 2022 ranking favourably alongside historical growth of 4.8% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 9.7% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Deckers Outdoor to grow faster than the wider industry.
The Bottom Line
The most important thing to take away is that there's been no major change in sentiment, with analysts reconfirming that earnings per share are expected to continue performing in line with their prior expectations. They also upgraded their revenue estimates for this year, and sales are expected to grow faster than the wider market. There was also a nice increase in the price target, with analysts apparently feeling that the intrinsic value of the business is improving. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Deckers Outdoor.
Using these estimates as a starting point, we've run a discounted cash flow calculation (DCF) on Deckers Outdoor that suggests the company could be somewhat undervalued. You can learn more about our valuation methodology on our platform here.
Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies that insiders are buying.
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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Shareholders in Deckers Outdoor Corporation (NYSE:DECK) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. Following the upgrade, the most recent consensus for Deckers Outdoor from its eleven analysts is for revenues of US$3.0b in 2022 which, if met, would be a substantial 27% increase on its sales over the past 12 months. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Deckers Outdoor to grow faster than the wider industry.
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NYSE:DECK Earnings and Revenue Growth May 21st 2021 The consensus price target increased 5.4% to US$412, with an improved revenue forecast carrying the promise of a more valuable business, in time. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Deckers Outdoor to grow faster than the wider industry. Shareholders in Deckers Outdoor Corporation (NYSE:DECK) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts.
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The analysts have sharply increased their revenue numbers, with a view that Deckers Outdoor will make substantially more sales than they'd previously expected. The analysts are definitely expecting Deckers Outdoor's growth to accelerate, with the forecast 27% annualised growth to the end of 2022 ranking favourably alongside historical growth of 4.8% per annum over the past five years. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Deckers Outdoor to grow faster than the wider industry.
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NYSE:DECK Earnings and Revenue Growth May 21st 2021 The consensus price target increased 5.4% to US$412, with an improved revenue forecast carrying the promise of a more valuable business, in time. Shareholders in Deckers Outdoor Corporation (NYSE:DECK) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The analysts have sharply increased their revenue numbers, with a view that Deckers Outdoor will make substantially more sales than they'd previously expected.
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2021-05-20 00:00:00 UTC
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Deckers Outdoor Q4 Results Beat Street View
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-q4-results-beat-street-view-2021-05-20
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nan
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(RTTNews) - Shares of Deckers Outdoor Corp. (DECK) gained over 6% in after hours trading Thursday after the footwear retailer's profit and revenues for the fourth quarter trumped Wall Street estimates.
Net income for the fourth quarter rose to $33.5 million or $1.18 per share, up from $16.1 million or $0.57 per share last year.
Net sales for the fourth quarter increased 49.7% to $561.2 million from $374.9 million last year. On a constant currency basis, net sales increased 47.9%.
Analysts polled by Thomson Reuters expected earnings of $0.64 per share on revenues of $437.09 million for the quarter. Analysts' estimates typically exclude one-time items.
Looking forward to the full year 2022, the company expects earnings of $14.05 to $14.65 per share on sales of $2.950 billion to $3.000 billion. Analysts currently estimate earnings of $14.50 per share on revenues of $2.70 billion.
DECK closed Thursday's trading at $311.22, down $11.94 or 3.69%, on the Nasdaq. The stock, however, gained $18.78 or 6.03%, in the after-hours trade.
The views and 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 Corp. (DECK) gained over 6% in after hours trading Thursday after the footwear retailer's profit and revenues for the fourth quarter trumped Wall Street estimates. DECK closed Thursday's trading at $311.22, down $11.94 or 3.69%, on the Nasdaq. Analysts polled by Thomson Reuters expected earnings of $0.64 per share on revenues of $437.09 million for the quarter.
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(RTTNews) - Shares of Deckers Outdoor Corp. (DECK) gained over 6% in after hours trading Thursday after the footwear retailer's profit and revenues for the fourth quarter trumped Wall Street estimates. DECK closed Thursday's trading at $311.22, down $11.94 or 3.69%, on the Nasdaq. Net sales for the fourth quarter increased 49.7% to $561.2 million from $374.9 million last year.
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(RTTNews) - Shares of Deckers Outdoor Corp. (DECK) gained over 6% in after hours trading Thursday after the footwear retailer's profit and revenues for the fourth quarter trumped Wall Street estimates. DECK closed Thursday's trading at $311.22, down $11.94 or 3.69%, on the Nasdaq. Net income for the fourth quarter rose to $33.5 million or $1.18 per share, up from $16.1 million or $0.57 per share last year.
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(RTTNews) - Shares of Deckers Outdoor Corp. (DECK) gained over 6% in after hours trading Thursday after the footwear retailer's profit and revenues for the fourth quarter trumped Wall Street estimates. DECK closed Thursday's trading at $311.22, down $11.94 or 3.69%, on the Nasdaq. Net sales for the fourth quarter increased 49.7% to $561.2 million from $374.9 million last year.
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c8948921-ab77-4f9a-9756-78ee3d5e0cd7
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724105.0
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2021-05-20 00:00:00 UTC
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After-Hours Earnings Report for May 20, 2021 : AMAT, ROST, PANW, DECK, FLO, PLUS, SVM, AINV, HWKN, REDU
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DECK
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https://www.nasdaq.com/articles/after-hours-earnings-report-for-may-20-2021-%3A-amat-rost-panw-deck-flo-plus-svm-ainv-hwkn
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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 05/20/2021. Visit our Earnings Calendar for a full list of expected earnings releases.
Applied Materials, Inc. (AMAT) is reporting for the quarter ending April 30, 2021. The capital goods company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.51. This value represents a 69.66% increase compared to the same quarter last year. AMAT missed the consensus earnings per share in the 2nd calendar quarter of 2020 by -2.2%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for AMAT is 20.80 vs. an industry ratio of 25.80.
Ross Stores, Inc. (ROST) is reporting for the quarter ending April 30, 2021. The discount retail company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.90. This value represents a 410.34% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ROST is 30.23 vs. an industry ratio of 26.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Palo Alto Networks, Inc. (PANW) is reporting for the quarter ending April 30, 2021. The security company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.72. This value represents a 80.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for PANW is -176.62 vs. an industry ratio of -25.60.
Deckers Outdoor Corporation (DECK) is reporting for the quarter ending March 31, 2021. The shoes & retail apparel company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.58. This value represents a 1.75% increase compared to the same quarter last year. In the past year DECK has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 28.25%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DECK is 24.78 vs. an industry ratio of 24.50, 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, 2021. The food company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.37. This value represents a 9.76% decrease compared to the same quarter last year. In the past year FLO has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 16.67%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for FLO is 21.84 vs. an industry ratio of 220.30.
ePlus inc. (PLUS) is reporting for the quarter ending March 31, 2021. The business software company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.93. This value represents a 6.06% decrease compared to the same quarter last year. In the past year PLUS has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 62%. Silvercorp Metals Inc. (SVM) is reporting for the quarter ending March 31, 2021. The consensus earnings per share forecast from the 2 analysts that follow the stock is $0.04. SVM reported earnings of $0.02 per share for the same quarter a year ago; representing a a increase of 100.00%.The last two quarters SVM had negative earnings surprises; the latest report they missed by -37.5%. Apollo Investment Corporation (AINV) is reporting for the quarter ending March 31, 2021. The financial services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.41. This value represents a 30.51% decrease compared to the same quarter last year. AINV missed the consensus earnings per share in the 2nd calendar quarter of 2020 by -2.27%. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2021 Price to Earnings ratio for AINV is 8.58 vs. an industry ratio of 13.10.
Hawkins, Inc. (HWKN) is reporting for the quarter ending March 31, 2021. The chemical company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.26. This value represents a 18.18% increase compared to the same quarter last year. In the past year HWKN has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 22.58%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for HWKN is 17.91 vs. an industry ratio of 18.30.
RISE Education Cayman Ltd (REDU) is reporting for the quarter ending March 31, 2021. The education (school) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.00. This value represents a 100.00% increase compared to the same quarter last year. In the past year REDU has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 7.14%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for REDU is 9.67 vs. an industry ratio of -64.60, 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, 2021. In the past year DECK has beat the expectations every quarter. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DECK is 24.78 vs. an industry ratio of 24.50, 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 2021 Price to Earnings ratio for DECK is 24.78 vs. an industry ratio of 24.50, 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, 2021. In the past year DECK has beat the expectations every quarter.
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Zacks Investment Research reports that the 2021 Price to Earnings ratio for DECK is 24.78 vs. an industry ratio of 24.50, 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, 2021. In the past year DECK has beat the expectations every quarter.
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In the past year DECK has beat the expectations every quarter. Deckers Outdoor Corporation (DECK) is reporting for the quarter ending March 31, 2021. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DECK is 24.78 vs. an industry ratio of 24.50, implying that they will have a higher earnings growth than their competitors in the same industry.
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44a98c59-040e-4b61-89b4-30af2f1192e0
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724106.0
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2021-05-17 00:00:00 UTC
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Noteworthy ETF Outflows: IWO, RH, PLUG, DECK
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DECK
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https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-iwo-rh-plug-deck-2021-05-17
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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 $173.8 million dollar outflow -- that's a 1.5% decrease week over week (from 39,750,000 to 39,150,000). Among the largest underlying components of IWO, in trading today RH (Symbol: RH) is down about 1.2%, Plug Power Inc (Symbol: PLUG) is off about 1.4%, and Deckers Outdoor Corp. (Symbol: DECK) 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 $187.81 per share, with $339.91 as the 52 week high point — that compares with a last trade of $286.88. 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 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 down about 1.2%, Plug Power Inc (Symbol: PLUG) is off about 1.4%, and Deckers Outdoor Corp. (Symbol: DECK) 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 $187.81 per share, with $339.91 as the 52 week high point — that compares with a last trade of $286.88. 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 down about 1.2%, Plug Power Inc (Symbol: PLUG) is off about 1.4%, and Deckers Outdoor Corp. (Symbol: DECK) 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 $187.81 per share, with $339.91 as the 52 week high point — that compares with a last trade of $286.88. 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 down about 1.2%, Plug Power Inc (Symbol: PLUG) is off about 1.4%, and Deckers Outdoor Corp. (Symbol: DECK) 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 $173.8 million dollar outflow -- that's a 1.5% decrease week over week (from 39,750,000 to 39,150,000). 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 $187.81 per share, with $339.91 as the 52 week high point — that compares with a last trade of $286.88.
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Among the largest underlying components of IWO, in trading today RH (Symbol: RH) is down about 1.2%, Plug Power Inc (Symbol: PLUG) is off about 1.4%, and Deckers Outdoor Corp. (Symbol: DECK) 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 $173.8 million dollar outflow -- that's a 1.5% decrease week over week (from 39,750,000 to 39,150,000). 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 $187.81 per share, with $339.91 as the 52 week high point — that compares with a last trade of $286.88.
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7cd3e107-4041-4804-8f8a-50bbdb6c5ebb
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724107.0
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2021-05-07 00:00:00 UTC
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IWO, RH, DECK, SITE: Large Outflows Detected at ETF
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DECK
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https://www.nasdaq.com/articles/iwo-rh-deck-site%3A-large-outflows-detected-at-etf-2021-05-07
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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 $88.3 million dollar outflow -- that's a 0.7% decrease week over week (from 40,150,000 to 39,850,000). Among the largest underlying components of IWO, in trading today RH (Symbol: RH) is up about 0.5%, Deckers Outdoor Corp. (Symbol: DECK) is up about 1%, and SiteOne Landscape Supply Inc (Symbol: SITE) is up by about 1.6%. 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 $171.89 per share, with $339.91 as the 52 week high point — that compares with a last trade of $299.08. 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 0.5%, Deckers Outdoor Corp. (Symbol: DECK) is up about 1%, and SiteOne Landscape Supply Inc (Symbol: SITE) is up by about 1.6%. 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 $171.89 per share, with $339.91 as the 52 week high point — that compares with a last trade of $299.08. 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 0.5%, Deckers Outdoor Corp. (Symbol: DECK) is up about 1%, and SiteOne Landscape Supply Inc (Symbol: SITE) is up by about 1.6%. 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 $171.89 per share, with $339.91 as the 52 week high point — that compares with a last trade of $299.08. 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 0.5%, Deckers Outdoor Corp. (Symbol: DECK) is up about 1%, and SiteOne Landscape Supply Inc (Symbol: SITE) is up by about 1.6%. 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 $88.3 million dollar outflow -- that's a 0.7% decrease week over week (from 40,150,000 to 39,850,000). 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 $171.89 per share, with $339.91 as the 52 week high point — that compares with a last trade of $299.08.
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Among the largest underlying components of IWO, in trading today RH (Symbol: RH) is up about 0.5%, Deckers Outdoor Corp. (Symbol: DECK) is up about 1%, and SiteOne Landscape Supply Inc (Symbol: SITE) is up by about 1.6%. 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 $88.3 million dollar outflow -- that's a 0.7% decrease week over week (from 40,150,000 to 39,850,000). 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 $171.89 per share, with $339.91 as the 52 week high point — that compares with a last trade of $299.08.
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af01d9ec-7eec-4f40-b922-90b8519172c9
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724108.0
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2021-04-29 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-2021-04-29
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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 $348.55, changing hands for $349.58/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 11 different analyst targets 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 $200.00. And then on the other side of the spectrum one analyst has a target as high as $435.00. The standard deviation is $73.731.
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 $348.55/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $348.55 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: 10 11 11 12
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 $348.55, changing hands for $349.58/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 $348.55/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $348.55 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 $348.55, changing hands for $349.58/share. There are 11 different analyst targets contributing to that average for Deckers Outdoor Corp., but the average is just that — a mathematical average. But the whole reason to look at the average DECK price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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There are 11 different analyst targets 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 $348.55/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $348.55 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 $348.55, changing hands for $349.58/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 $348.55, changing hands for $349.58/share. There are 11 different analyst targets 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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a3e61ae8-0fcd-4110-b6f2-b52a655ddfaf
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724109.0
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2021-04-25 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Benjamin Graham - 4/25/2021
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-benjamin-graham-4-25-2021-2021-04-25
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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.
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 mid-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>
DORMAN PRODUCTS INC. (DORM) is a mid-cap growth stock in the Auto & Truck Parts 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: Dorman Products, Inc. is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU's) of automotive replacement parts and fasteners. As of December 31, 2016, approximately 83% of its products were sold under brands that it owned and the remainder of its products were sold for resale under customers' private labels, other brands or in bulk. Its products are sold in the United States through automotive aftermarket retailers, national, regional and local warehouse distributors, and specialty markets, and salvage yards. It also distributes automotive replacement parts outside the United States, with sales primarily into Canada, Mexico, Europe, the Middle East, and Australia. Its parts are marketed under the OE Solutions, TECHoice, AutoGrade, Conduct-Tite, FirstStop and HD Solutions 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.
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 DORMAN PRODUCTS INC.
Full Guru Analysis for DORM>
Full Factor Report for DORM>
FEDERAL SIGNAL CORPORATION (FSS) is a mid-cap growth stock in the Auto & Truck Manufacturers 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: Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company's segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment. The products are sold to both municipal and industrial customers under the Elgin, Vactor, Guzzler and Jetstream brand names. Safety and Security Systems is a manufacturer and supplier of systems and products that law enforcement, fire rescue, emergency medical services, campuses military facilities and industrial sites use to protect people and property. It offers systems for campus and community alerting, emergency vehicles, first responder interoperable communications and industrial communications, 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.
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 FEDERAL SIGNAL CORPORATION
Full Guru Analysis for FSS>
Full Factor Report for FSS>
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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Detailed Analysis of COLUMBIA SPORTSWEAR COMPANY Full Guru Analysis for COLM> Full Factor Report for COLM> 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> DORMAN PRODUCTS INC. (DORM) is a mid-cap growth stock in the Auto & Truck Parts industry.
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Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> DORMAN PRODUCTS INC. (DORM) is a mid-cap growth stock in the Auto & Truck Parts industry. Detailed Analysis of COLUMBIA SPORTSWEAR COMPANY Full Guru Analysis for COLM> Full Factor Report for COLM> 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 COLUMBIA SPORTSWEAR COMPANY Full Guru Analysis for COLM> Full Factor Report for COLM> 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> DORMAN PRODUCTS INC. (DORM) is a mid-cap growth stock in the Auto & Truck Parts industry.
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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 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> DORMAN PRODUCTS INC. (DORM) is a mid-cap growth stock in the Auto & Truck Parts industry.
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4cd18eaa-f4a6-4520-820c-2238e3ab41be
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724110.0
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2021-04-25 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On David Dreman - 4/25/2021
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-david-dreman-4-25-2021-2021-04-25
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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.
MERITOR INC (MTOR) is a mid-cap value stock in the Auto & Truck Parts 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: Meritor, Inc. is a supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. The Company's segments include Commercial Truck & Industrial and Aftermarket & Trailer. The Commercial Truck & Industrial segment supplies drivetrain systems and components, including axles, drivelines and braking and suspension systems, for medium- and heavy-duty trucks, off-highway, military, construction, bus and coach, fire and emergency and other applications in North America, South America, Europe and Asia Pacific. The Commercial Truck & Industrial segment also includes the Company's aftermarket businesses in Asia Pacific and South America. The Aftermarket & Trailer segment supplies axles, brakes, drivelines, suspension parts and other replacement and remanufactured parts to commercial vehicle aftermarket customers in North America and Europe.
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: 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: 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 MERITOR INC
Full Guru Analysis for MTOR>
Full Factor Report for MTOR>
LAKELAND INDUSTRIES, INC. (LAKE) is a small-cap value stock in the Apparel/Accessories industry. The rating according to our strategy based on David Dreman is 61% 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: Lakeland Industries, Inc. (Lakeland) manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Company's product categories include limited use/disposable protective clothing; high-end chemical protective suits; firefighting, flame resistant personal protective equipment (FR PPE) and heat protective apparel; reusable woven garments; high visibility clothing, and glove and sleeves. The Company's products are sold by its in-house customer service group, its regional sales managers and independent sales representatives to a network of over 1,600 North American safety and mill supply distributors. These distributors in turn supply end user industrial customers, such as integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, mortuaries and high technology electronics manufacturers, as well as scientific and medical laboratories.
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: 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: 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 LAKELAND INDUSTRIES, INC.
Full Guru Analysis for LAKE>
Full Factor Report for LAKE>
NAUTILUS, INC. (NLS) is a small-cap value stock in the Recreational Products industry. The rating according to our strategy based on David Dreman is 61% 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: Nautilus, Inc. is a consumer fitness products company. The Company operates through two segments: Direct and Retail. Its principal business activities include designing, developing, sourcing and marketing of cardio and strength fitness products and related accessories for consumer use, primarily in the United States and Canada, but also in international markets outside North America. The Direct business offers products directly to consumers through television advertising, catalogs and the Internet. In its Direct business, the Company markets and sells its products, principally Bowflex cardio and strength products, directly to consumers. The Retail business offers its products through a network of independent retail companies and specialty retailers with stores and Websites located in the United States and internationally. In its Retail business, the Company markets and sells a line of consumer fitness equipment under the Nautilus, Schwinn and Bowflex brands.
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: 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: 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 NAUTILUS, INC.
Full Guru Analysis for NLS>
Full Factor Report for NLS>
DAIMLER AG (DDAIF) is a large-cap value stock in the Auto & Truck Manufacturers industry. The rating according to our strategy based on David Dreman is 57% 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: Daimler AG (Daimler) is a Germany-based automotive engineering company. The Company engages in the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Its segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. The Mercedes-Benz Cars segment includes vehicles of the Mercedes-Benz brand, including the brands, Mercedes-AMG and Mercedes-Maybach, and small cars under the smart brand, as well as the Mercedes me brand. The Daimler Trucks segment develops and produces vehicles under the brands, including Mercedes-Benz, Freightliner, Western Star, FUSO and BharatBenz. The Mercedes-Benz Vans sells vans under the brand name Mercedes-Benz and the Freightliner brand. The Daimler Buses segment sells completely built-up buses under brand names, including Mercedes-Benz and Setra. The Daimler Financial Services segment supports the sales of its automotive brands worldwide.
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: PASS
PRICE/BOOK (P/B) VALUE: FAIL
PRICE/DIVIDEND (P/D) RATIO: FAIL
CURRENT RATIO: FAIL
PAYOUT RATIO: PASS
RETURN ON EQUITY: FAIL
PRE-TAX PROFIT MARGINS: FAIL
YIELD: FAIL
LOOK AT THE TOTAL DEBT/EQUITY: FAIL
Detailed Analysis of DAIMLER AG
Full Guru Analysis for DDAIF>
Full Factor Report for DDAIF>
DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. The rating according to our strategy based on David Dreman is 57% 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.
MARKET CAP: PASS
EARNINGS TREND: PASS
EPS GROWTH RATE IN THE IMMEDIATE PAST AND FUTURE: FAIL
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 DAIMLER AG Full Guru Analysis for DDAIF> Full Factor Report for DDAIF> 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 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 DAIMLER AG Full Guru Analysis for DDAIF> Full Factor Report for DDAIF> 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 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 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 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 DAIMLER AG Full Guru Analysis for DDAIF> Full Factor Report for DDAIF> 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 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 DAIMLER AG Full Guru Analysis for DDAIF> Full Factor Report for DDAIF> 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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724111.0
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2021-04-25 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Motley Fool - 4/25/2021
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-motley-fool-4-25-2021-2021-04-25
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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.
JOHNSON OUTDOORS INC. (JOUT) is a small-cap growth stock in the Recreational Products 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: Johnson Outdoors Inc. is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment's brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment's brands are Eureka!, Jetboil and Silva. Its Watercraft segment designs and markets Necky sea touring kayaks; sit on top Ocean Kayaks, and Old Town canoes and kayaks for family recreation, touring, angling and tripping. The Company manufactures and markets underwater diving products for recreational divers, which it sells and distributes under the SCUBAPRO brand name. It markets a line of underwater diving and snorkeling equipment, including regulators, buoyancy compensators, dive computers and gauges, wetsuits, masks, fins, snorkels and accessories. The Company's products are used for fishing from a boat, diving, paddling, hiking and camping.
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: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: PASS
Detailed Analysis of JOHNSON OUTDOORS INC.
Full Guru Analysis for JOUT>
Full Factor Report for JOUT>
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: FAIL
RELATIVE STRENGTH: PASS
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: PASS
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>
YETI HOLDINGS INC (YETI) is a mid-cap growth stock in the Recreational Products 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: YETI Holdings, Inc. (YETI) is a designer, marketer and distributor of products for the outdoor and recreation market. The Company's product portfolio includes three categories: Coolers & Equipment, Drinkware and Other. The Company's Coolers & Equipment category consists of hard coolers, soft coolers, and associated accessories. Its Tundra hard coolers, designed to perform in hunting and fishing environments, are also used in boating, whitewater rafting, camping, barbecuing, tailgating, farming and ranching activities. The Company's Hopper coolers are designed to provide ice retention. The Rambler stainless steel Drinkware family includes the collection of YETI products that fit in cup holders and the palms of consumers' hands. The Other category of the Company offers an array of YETI branded gear, which includes YETI hats, shirts, bottle openers and ice substitutes. The Company's products are sold under the YETI 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.
PROFIT MARGIN: PASS
RELATIVE STRENGTH: PASS
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: PASS
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: FAIL
"THE FOOL RATIO" (P/E TO GROWTH): FAIL
AVERAGE SHARES OUTSTANDING: PASS
SALES: FAIL
DAILY DOLLAR VOLUME: FAIL
PRICE: PASS
INCOME TAX PERCENTAGE: PASS
Detailed Analysis of YETI HOLDINGS INC
Full Guru Analysis for YETI>
Full Factor Report for YETI>
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 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. 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: 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 HAVERTY FURNITURE COMPANIES, INC.
Full Guru Analysis for HVT>
Full Factor Report for HVT>
DECKERS OUTDOOR CORP (DECK) is a mid-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 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: 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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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 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 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 HAVERTY FURNITURE COMPANIES, INC. Full Guru Analysis for HVT> Full Factor Report for HVT> 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 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. 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 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 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 HAVERTY FURNITURE COMPANIES, INC. Full Guru Analysis for HVT> Full Factor Report for HVT> 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 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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a9e919a5-861b-4563-9e3f-216d291b3f8e
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724112.0
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2021-04-08 00:00:00 UTC
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IWO, RH, DECK, CHDN: Large Outflows Detected at ETF
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DECK
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https://www.nasdaq.com/articles/iwo-rh-deck-chdn%3A-large-outflows-detected-at-etf-2021-04-08
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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 $120.0 million dollar outflow -- that's a 1.0% decrease week over week (from 40,450,000 to 40,050,000). Among the largest underlying components of IWO, in trading today RH (Symbol: RH) is up about 1.4%, Deckers Outdoor Corp. (Symbol: DECK) is off about 0.2%, and Churchill Downs, Inc. (Symbol: CHDN) is lower by about 1.5%. 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 $161.57 per share, with $339.91 as the 52 week high point — that compares with a last trade of $300.59. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 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 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 1.4%, Deckers Outdoor Corp. (Symbol: DECK) is off about 0.2%, and Churchill Downs, Inc. (Symbol: CHDN) is lower by about 1.5%. 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 $161.57 per share, with $339.91 as the 52 week high point — that compares with a last trade of $300.59. 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 1.4%, Deckers Outdoor Corp. (Symbol: DECK) is off about 0.2%, and Churchill Downs, Inc. (Symbol: CHDN) is lower by about 1.5%. 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 $161.57 per share, with $339.91 as the 52 week high point — that compares with a last trade of $300.59. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Among the largest underlying components of IWO, in trading today RH (Symbol: RH) is up about 1.4%, Deckers Outdoor Corp. (Symbol: DECK) is off about 0.2%, and Churchill Downs, Inc. (Symbol: CHDN) is lower by about 1.5%. 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 $120.0 million dollar outflow -- that's a 1.0% decrease week over week (from 40,450,000 to 40,050,000). 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 $161.57 per share, with $339.91 as the 52 week high point — that compares with a last trade of $300.59.
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Among the largest underlying components of IWO, in trading today RH (Symbol: RH) is up about 1.4%, Deckers Outdoor Corp. (Symbol: DECK) is off about 0.2%, and Churchill Downs, Inc. (Symbol: CHDN) is lower by about 1.5%. 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 $120.0 million dollar outflow -- that's a 1.0% decrease week over week (from 40,450,000 to 40,050,000). 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 $161.57 per share, with $339.91 as the 52 week high point — that compares with a last trade of $300.59.
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2751fd16-9cc2-4055-90a8-39b21f7e98d7
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724113.0
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2021-03-29 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On David Dreman - 3/29/2021
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-david-dreman-3-29-2021-2021-03-29
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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 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.
MERITOR INC (MTOR) is a mid-cap value stock in the Auto & Truck Parts 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: Meritor, Inc. is a supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. The Company's segments include Commercial Truck & Industrial and Aftermarket & Trailer. The Commercial Truck & Industrial segment supplies drivetrain systems and components, including axles, drivelines and braking and suspension systems, for medium- and heavy-duty trucks, off-highway, military, construction, bus and coach, fire and emergency and other applications in North America, South America, Europe and Asia Pacific. The Commercial Truck & Industrial segment also includes the Company's aftermarket businesses in Asia Pacific and South America. The Aftermarket & Trailer segment supplies axles, brakes, drivelines, suspension parts and other replacement and remanufactured parts to commercial vehicle aftermarket customers in North America and Europe.
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: 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: 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 MERITOR INC
Full Guru Analysis for MTOR>
Full Factor Report for MTOR>
LAKELAND INDUSTRIES, INC. (LAKE) is a small-cap value stock in the Apparel/Accessories industry. The rating according to our strategy based on David Dreman is 61% 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: Lakeland Industries, Inc. (Lakeland) manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Company's product categories include limited use/disposable protective clothing; high-end chemical protective suits; firefighting, flame resistant personal protective equipment (FR PPE) and heat protective apparel; reusable woven garments; high visibility clothing, and glove and sleeves. The Company's products are sold by its in-house customer service group, its regional sales managers and independent sales representatives to a network of over 1,600 North American safety and mill supply distributors. These distributors in turn supply end user industrial customers, such as integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, mortuaries and high technology electronics manufacturers, as well as scientific and medical laboratories.
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: 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: 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 LAKELAND INDUSTRIES, INC.
Full Guru Analysis for LAKE>
Full Factor Report for LAKE>
NAUTILUS, INC. (NLS) is a small-cap value stock in the Recreational Products industry. The rating according to our strategy based on David Dreman is 61% 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: Nautilus, Inc. is a consumer fitness products company. The Company operates through two segments: Direct and Retail. Its principal business activities include designing, developing, sourcing and marketing of cardio and strength fitness products and related accessories for consumer use, primarily in the United States and Canada, but also in international markets outside North America. The Direct business offers products directly to consumers through television advertising, catalogs and the Internet. In its Direct business, the Company markets and sells its products, principally Bowflex cardio and strength products, directly to consumers. The Retail business offers its products through a network of independent retail companies and specialty retailers with stores and Websites located in the United States and internationally. In its Retail business, the Company markets and sells a line of consumer fitness equipment under the Nautilus, Schwinn and Bowflex brands.
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: 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: 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 NAUTILUS, INC.
Full Guru Analysis for NLS>
Full Factor Report for NLS>
SMITH & WESSON BRANDS INC (SWBI) is a small-cap value stock in the Recreational Products industry. The rating according to our strategy based on David Dreman is 61% 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.
MARKET CAP: FAIL
EARNINGS TREND: PASS
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: 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 SMITH & WESSON BRANDS INC
Full Guru Analysis for SWBI>
Full Factor Report for SWBI>
DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. The rating according to our strategy based on David Dreman is 57% 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.
MARKET CAP: PASS
EARNINGS TREND: PASS
EPS GROWTH RATE IN THE IMMEDIATE PAST AND FUTURE: FAIL
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 SMITH & WESSON BRANDS INC Full Guru Analysis for SWBI> Full Factor Report for SWBI> 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 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 SMITH & WESSON BRANDS INC Full Guru Analysis for SWBI> Full Factor Report for SWBI> 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 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 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 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 SMITH & WESSON BRANDS INC Full Guru Analysis for SWBI> Full Factor Report for SWBI> 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 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 SMITH & WESSON BRANDS INC Full Guru Analysis for SWBI> Full Factor Report for SWBI> 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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a1abb9e2-5e87-4d8c-82ba-16ba0f28d9e0
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724114.0
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2021-03-29 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Benjamin Graham - 3/29/2021
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-benjamin-graham-3-29-2021-2021-03-29
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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.
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>
AYRO INC (AYRO) is a small-cap value stock in the Auto & Truck Manufacturers 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: AYRO, Inc. (AYRO), formerly DropCar, Inc., is a designer and manufacturer of purpose-built, automotive-grade electric vehicles (EV). The Company's EV models include AYRO 311 and Club Car 411. AYRO 311 is a three-wheeled vehicle with inline seating and four-door access for professional and personal use. The Company offers its AYRO 311 with multiple configurations including fully enclosed two-seater, half doors and one-seater with the cargo area. The Club Car 411 is a compact all-electric vehicle suitable for low-speed logistics and cargo services. The Company offers Club Car 411 with multiple bed configurations including a fully enclosed box truck, pickup bed and flatbed. AYRO delivers electric vehicle solutions for campus management, last-mile delivery, urban commuting and closed campus transport.
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: FAIL
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: FAIL
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of AYRO INC
Full Guru Analysis for AYRO>
Full Factor Report for AYRO>
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 mid-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>
DORMAN PRODUCTS INC. (DORM) is a mid-cap growth stock in the Auto & Truck Parts 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: Dorman Products, Inc. is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU's) of automotive replacement parts and fasteners. As of December 31, 2016, approximately 83% of its products were sold under brands that it owned and the remainder of its products were sold for resale under customers' private labels, other brands or in bulk. Its products are sold in the United States through automotive aftermarket retailers, national, regional and local warehouse distributors, and specialty markets, and salvage yards. It also distributes automotive replacement parts outside the United States, with sales primarily into Canada, Mexico, Europe, the Middle East, and Australia. Its parts are marketed under the OE Solutions, TECHoice, AutoGrade, Conduct-Tite, FirstStop and HD Solutions 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.
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 DORMAN PRODUCTS INC.
Full Guru Analysis for DORM>
Full Factor Report for DORM>
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 mid-cap growth stock in the Footwear industry. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> DORMAN PRODUCTS INC. (DORM) is a mid-cap growth stock in the Auto & Truck Parts industry.
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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 mid-cap growth stock in the Footwear industry. Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> DORMAN PRODUCTS INC. (DORM) is a mid-cap growth stock in the Auto & Truck Parts 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 COLUMBIA SPORTSWEAR COMPANY Full Guru Analysis for COLM> Full Factor Report for COLM> 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> DORMAN PRODUCTS INC. (DORM) is a mid-cap growth stock in the Auto & Truck Parts industry.
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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 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> DORMAN PRODUCTS INC. (DORM) is a mid-cap growth stock in the Auto & Truck Parts industry.
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724115.0
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2021-02-28 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Benjamin Graham - 2/28/2021
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-benjamin-graham-2-28-2021-2021-02-28
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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.
ALLISON TRANSMISSION HOLDINGS INC (ALSN) is a mid-cap value stock in the Auto & Truck Parts 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: Allison Transmission Holdings, Inc. and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company's transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked). The Company's transmissions are sold under the Allison Transmission brand name and remanufactured transmissions are sold under the ReTran brand name. The Company has developed over 100 different models that were used in more than 2,500 different vehicle configurations and were compatible with over 500 combinations of engines, as of December 31, 2016.
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: FAIL
LONG-TERM EPS GROWTH: PASS
P/E RATIO: PASS
PRICE/BOOK RATIO: FAIL
Detailed Analysis of ALLISON TRANSMISSION HOLDINGS INC
Full Guru Analysis for ALSN>
Full Factor Report for ALSN>
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>
AYRO INC (AYRO) is a small-cap value stock in the Auto & Truck Manufacturers 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: AYRO, Inc. (AYRO), formerly DropCar, Inc., is a designer and manufacturer of purpose-built, automotive-grade electric vehicles (EV). The Company's EV models include AYRO 311 and Club Car 411. AYRO 311 is a three-wheeled vehicle with inline seating and four-door access for professional and personal use. The Company offers its AYRO 311 with multiple configurations including fully enclosed two-seater, half doors and one-seater with the cargo area. The Club Car 411 is a compact all-electric vehicle suitable for low-speed logistics and cargo services. The Company offers Club Car 411 with multiple bed configurations including a fully enclosed box truck, pickup bed and flatbed. AYRO delivers electric vehicle solutions for campus management, last-mile delivery, urban commuting and closed campus transport.
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: FAIL
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: FAIL
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of AYRO INC
Full Guru Analysis for AYRO>
Full Factor Report for AYRO>
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 mid-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 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 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 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 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 COLUMBIA SPORTSWEAR COMPANY Full Guru Analysis for COLM> Full Factor Report for COLM> 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 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 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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ca3a080a-13ca-4d11-a667-6b65a8fba285
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724116.0
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2021-02-28 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On David Dreman - 2/28/2021
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-david-dreman-2-28-2021-2021-02-28
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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 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.
MERITOR INC (MTOR) is a mid-cap value stock in the Auto & Truck Parts 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: Meritor, Inc. is a supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. The Company's segments include Commercial Truck & Industrial and Aftermarket & Trailer. The Commercial Truck & Industrial segment supplies drivetrain systems and components, including axles, drivelines and braking and suspension systems, for medium- and heavy-duty trucks, off-highway, military, construction, bus and coach, fire and emergency and other applications in North America, South America, Europe and Asia Pacific. The Commercial Truck & Industrial segment also includes the Company's aftermarket businesses in Asia Pacific and South America. The Aftermarket & Trailer segment supplies axles, brakes, drivelines, suspension parts and other replacement and remanufactured parts to commercial vehicle aftermarket customers in North America and Europe.
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: 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: 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 MERITOR INC
Full Guru Analysis for MTOR>
Full Factor Report for MTOR>
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 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: Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company's segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names. In EMEA, it markets and distributes its home appliances primarily under the Whirlpool, Bauknecht, Ignis, Maytag, Laden, Indesit and Privileg brand names, and domestic appliances under the KitchenAid, Hotpoint and Hotpoint-Ariston brand names. In Latin America, it markets and distributes its home appliances and small domestic appliances primarily under the Consul, Brastemp, Whirlpool and KitchenAid brand names. The Company markets and distributes its products in Asia primarily under the Whirlpool, Maytag, KitchenAid, Amana, Bauknecht, Jenn-Air, Diqua and Royalstar brand names. It manufactures and markets a line of home appliances and related 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.
MARKET CAP: PASS
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: FAIL
YIELD: FAIL
LOOK AT THE TOTAL DEBT/EQUITY: FAIL
Detailed Analysis of WHIRLPOOL CORPORATION
Full Guru Analysis for WHR>
Full Factor Report for WHR>
DAIMLER AG (DDAIF) is a large-cap growth stock in the Auto & Truck Manufacturers industry. The rating according to our strategy based on David Dreman is 61% 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: Daimler AG (Daimler) is a Germany-based automotive engineering company. The Company engages in the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Its segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. The Mercedes-Benz Cars segment includes vehicles of the Mercedes-Benz brand, including the brands, Mercedes-AMG and Mercedes-Maybach, and small cars under the smart brand, as well as the Mercedes me brand. The Daimler Trucks segment develops and produces vehicles under the brands, including Mercedes-Benz, Freightliner, Western Star, FUSO and BharatBenz. The Mercedes-Benz Vans sells vans under the brand name Mercedes-Benz and the Freightliner brand. The Daimler Buses segment sells completely built-up buses under brand names, including Mercedes-Benz and Setra. The Daimler Financial Services segment supports the sales of its automotive brands worldwide.
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: 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: FAIL
PAYOUT RATIO: PASS
RETURN ON EQUITY: FAIL
PRE-TAX PROFIT MARGINS: FAIL
YIELD: FAIL
LOOK AT THE TOTAL DEBT/EQUITY: FAIL
Detailed Analysis of DAIMLER AG
Full Guru Analysis for DDAIF>
Full Factor Report for DDAIF>
CROCS, INC. (CROX) is a mid-cap growth stock in the Footwear industry. The rating according to our strategy based on David Dreman is 57% 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: Crocs, Inc. is engaged in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children. The Company's segments include Americas, Asia Pacific and Europe. Its products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials. Its Croslite material enables the Company to produce non-marking, and odor-resistant footwear. The Company sells its products in more than 90 countries, through three distribution channels: wholesale, retail, and e-commerce. Its wholesale channel, which includes domestic wholesalers as well as international wholesalers and distributors; The retail channel includes Company-operated stores, and e-commerce channel includes Company-operated e-commerce.
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: 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 CROCS, INC.
Full Guru Analysis for CROX>
Full Factor Report for CROX>
DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. The rating according to our strategy based on David Dreman is 57% 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.
MARKET CAP: PASS
EARNINGS TREND: PASS
EPS GROWTH RATE IN THE IMMEDIATE PAST AND FUTURE: FAIL
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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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 CROCS, INC. Full Guru Analysis for CROX> Full Factor Report for CROX> 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 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 CROCS, INC. Full Guru Analysis for CROX> Full Factor Report for CROX> 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 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 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 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 CROCS, INC. Full Guru Analysis for CROX> Full Factor Report for CROX> 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 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 CROCS, INC. Full Guru Analysis for CROX> Full Factor Report for CROX> 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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724117.0
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2021-02-28 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Motley Fool - 2/28/2021
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-motley-fool-2-28-2021-2021-02-28
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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.
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 79% 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: PASS
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>
ORION ENERGY SYSTEMS, INC. (OESX) is a small-cap growth 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: Orion Energy Systems, Inc. is a designer and manufacturer of lighting platforms. The Company researches, develops, designs, manufactures, markets, sells and implements energy management systems consisting primarily of commercial and industrial interior and exterior lighting systems, and related services. The Company operates through three segments: Orion U.S. Markets Division (USM), Orion Engineered Systems Division (OES) and Distribution Services Division (ODS). The USM division develops and sells its commercial lighting systems and energy management systems to the wholesale contractor markets. The OES division develops and sells lighting products, and provides construction and engineering services for its commercial light emitting diode (LED) and high intensity fluorescent (HIF) lighting and energy management systems. The ODS division focuses on selling its lighting products through manufacturer representative agencies and a network of broadline North American distributors.
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: 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 ORION ENERGY SYSTEMS, INC.
Full Guru Analysis for OESX>
Full Factor Report for OESX>
NIU TECHNOLOGIES - ADR (NIU) is a mid-cap growth stock in the Recreational Products 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: Niu Technologies is a provider of smart urban mobility solutions. The Company is engaged in the design, manufacture and sales of smart e-scooters. The Company's products consist of three series, N, M and U, with multiple models or specifications for each series. Its NIU application synchronizes with the smart e-scooters and communicates with its cloud system. The Company enables users to receive real-time information relating to their smart e-scooters through its application.
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: 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 NIU TECHNOLOGIES - ADR
Full Guru Analysis for NIU>
Full Factor Report for NIU>
DECKERS OUTDOOR CORP (DECK) is a mid-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 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: 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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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 NIU TECHNOLOGIES - ADR Full Guru Analysis for NIU> Full Factor Report for NIU> 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 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 NIU TECHNOLOGIES - ADR Full Guru Analysis for NIU> Full Factor Report for NIU> 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 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. 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 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 NIU TECHNOLOGIES - ADR Full Guru Analysis for NIU> Full Factor Report for NIU> 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 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 NIU TECHNOLOGIES - ADR Full Guru Analysis for NIU> Full Factor Report for NIU> 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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6c9eb751-a0a9-413f-9bd3-bfae67b70d05
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724118.0
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2021-02-28 00:00:00 UTC
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Better Buy: iShares Russell 2000 Growth ETF vs Schwab U.S. Small-Cap ETF
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DECK
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https://www.nasdaq.com/articles/better-buy%3A-ishares-russell-2000-growth-etf-vs-schwab-u.s.-small-cap-etf-2021-02-28
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Small-cap stocks outperformed large-cap stocks in 2020 and that trend is expected to continue in 2021, many analysts say, citing Biden administration policies that will help Main Street more than Wall Street, among other reasons. The Russell 2000, which is the major index tracking small-cap performance, was up 20% in 2020 while the S&P 500 rose 18.4%. The difference so far this year is more pronounced: Through the market close Friday, the Russell 2000 was up about 11.5% year to date while the S&P 500 was up roughly 1.5%.
While market trends shift over time, small caps should be part of a diversified investment portfolio to capture gains when large caps are weaker. Finding the right individual small-cap stocks can be a challenge in part because of the more volatile nature of smaller companies, so exchange-traded funds (ETFs) can be a great solution. Two of the largest small-cap stocks funds are the iShares Russell 2000 Growth ETF (NYSEMKT: IWO) and the Schwab U.S. Small-Cap ETF (NYSEMKT: SCHA). Which one is the better buy?
iShares Russell 2000 Growth ETF
The iShares Russell 2000 Growth ETF is the fourth-largest small-cap ETF, holding about $12.9 billion in assets. It tracks the Russell 2000 Growth Index, which includes about 1,100 stocks with higher price-to-value ratios and higher levels of forecast growth. It has a median price-to-earnings ratio of 36.5 and a median price-to-book ratio of 6.2, with a standard deviation, which is a measure of volatility, of 48.5%.
Image source: Getty Images.
The largest holdings in the ETF include Plug Power, Caesars, Penn National Gaming, Sunrun, Deckers Outdoor, Redfin, Churchill Downs, Ultragenyx Pharmaceutical, Mirati Therapeutics, and Arrowhead Pharmaceuticals.
Launched in 2000, this ETF has been a stellar performer. In 2020, it rose 34.5% and it has 5-year and 10-year annualized returns of 16.4% and 13.6%, respectively. All that and an expense ratio of 0.24%, which is lower than the category average of 0.32%.
Schwab U.S. Small-Cap ETF
The Schwab U.S. Small-Cap ETF, launched in 2009, is the third-largest in the small-cap universe with roughly $15.3 billion in assets. It tracks the Dow Jones U.S. Small-Cap Total Stock Market Index. That's a broader index than the Russell 2000 Growth, containing 1,750 stocks.
For reference, the Dow Jones U.S. Large-Cap Total Stock Market Index tracks the 750 largest U.S. companies by market cap. Those with valuations from No. 751 through No. 2,500 fall within the Small-Cap Total index.
The Schwab U.S. Small-Cap ETF has a median P/E ratio of 21.8, a median P/B ratio of 2.3, and a standard deviation of 14.3%. Its top 10 holdings are Plug Power, Caesars, Penn National Gaming, Novocure, Cloudflare, Cree, 10X Genomics, Five Below, Repligen, and Darling Ingredients.
The ETF returned 19.3% in 2020. Over the last five years it has posted an annualized return of 12.9% and over the past 10 years has returned 11.6% on an annualized basis. Also, this ETF has a rock-bottom expense ratio of 0.04% -- well below the 0.32% category average. That means that investors pay just 4 cents in fees for every $100 they have invested.
Which is the better buy?
If you're looking at returns, it's hard not to lean toward the iShares ETF. It has delivered better results over the 1-year, 5-year and 10-year periods than the Schwab fund. The Schwab fund is doing better thus far in 2021, though -- it was up about 10.7% through Friday, compared to the iShares fund, which was up by about 8% year to date.
The Schwab ETF obviously has a much lower expense ratio at 0.04%. Not that the iShares ETF's fees are high at 0.28%, but the Schwab ETF will cost the investor next to nothing in fees, and that can add up to a significant difference over time, especially when large sums are involved. It also has a much lower standard deviation, meaning the underlying stocks have lower volatility.
Your preference between these two ETFs might depend on your risk tolerance or your expectations for the market over the next few years. If you're anticipating another 10-year bull market, you'll have a different take on this decision than someone who foresees more volatility over the next decade than we saw in the last one.
It may also depend on your time horizon. If you're picking in one of these ETFs for a retirement-focused portfolio, then the iShares ETF will be the better choice because of its track record of long-term returns. If you're investing with a nearer-term goal in mind for the money, you may feel more comfortable with the more diversified, less risky Schwab ETF.
10 stocks we like better than Schwab U.S. Small-Cap ETF
When investing geniuses David and Tom Gardner have 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.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Schwab U.S. Small-Cap ETF 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 February 24, 2021
Dave Kovaleski has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends 10x Genomics Inc, Cloudflare, Inc., Novocure, Redfin, and Repligen. The Motley Fool recommends Churchill Downs, Darling Ingredients, and Five Below and recommends the following options: short January 2022 $120 calls on Five Below and long January 2022 $115 calls on Five Below. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The largest holdings in the ETF include Plug Power, Caesars, Penn National Gaming, Sunrun, Deckers Outdoor, Redfin, Churchill Downs, Ultragenyx Pharmaceutical, Mirati Therapeutics, and Arrowhead Pharmaceuticals. Finding the right individual small-cap stocks can be a challenge in part because of the more volatile nature of smaller companies, so exchange-traded funds (ETFs) can be a great solution. Its top 10 holdings are Plug Power, Caesars, Penn National Gaming, Novocure, Cloudflare, Cree, 10X Genomics, Five Below, Repligen, and Darling Ingredients.
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The largest holdings in the ETF include Plug Power, Caesars, Penn National Gaming, Sunrun, Deckers Outdoor, Redfin, Churchill Downs, Ultragenyx Pharmaceutical, Mirati Therapeutics, and Arrowhead Pharmaceuticals. Two of the largest small-cap stocks funds are the iShares Russell 2000 Growth ETF (NYSEMKT: IWO) and the Schwab U.S. Small-Cap ETF (NYSEMKT: SCHA). For reference, the Dow Jones U.S. Large-Cap Total Stock Market Index tracks the 750 largest U.S. companies by market cap.
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The largest holdings in the ETF include Plug Power, Caesars, Penn National Gaming, Sunrun, Deckers Outdoor, Redfin, Churchill Downs, Ultragenyx Pharmaceutical, Mirati Therapeutics, and Arrowhead Pharmaceuticals. Two of the largest small-cap stocks funds are the iShares Russell 2000 Growth ETF (NYSEMKT: IWO) and the Schwab U.S. Small-Cap ETF (NYSEMKT: SCHA). iShares Russell 2000 Growth ETF The iShares Russell 2000 Growth ETF is the fourth-largest small-cap ETF, holding about $12.9 billion in assets.
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The largest holdings in the ETF include Plug Power, Caesars, Penn National Gaming, Sunrun, Deckers Outdoor, Redfin, Churchill Downs, Ultragenyx Pharmaceutical, Mirati Therapeutics, and Arrowhead Pharmaceuticals. The Russell 2000, which is the major index tracking small-cap performance, was up 20% in 2020 while the S&P 500 rose 18.4%. Two of the largest small-cap stocks funds are the iShares Russell 2000 Growth ETF (NYSEMKT: IWO) and the Schwab U.S. Small-Cap ETF (NYSEMKT: SCHA).
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3c159b00-60d7-407d-940b-937d2735b331
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724119.0
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2021-02-23 00:00:00 UTC
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ANALYSIS-Prices lurch higher as Home Depot, other importers battle surging cargo, commodity costs
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DECK
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https://www.nasdaq.com/articles/analysis-prices-lurch-higher-as-home-depot-other-importers-battle-surging-cargo-commodity
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By Lisa Baertlein
Feb 23(Reuters) - As Home Depot HD.N heads into its busy spring project season - when shoppers build backyard decks and buy patio furniture - it is tangling with surging costs for goods and transportation, on top of tariffs that cost it and other U.S. importers billions of dollars.
Across the United States, major retailers and makers of everything from Peloton spin bikes and La-Z-Boy recliners to Kia Sorrento SUVs are battling the same profit-squeezing pressures. They pass those costs along to home-bound consumers, who are snapping up expensive-to-ship items like appliances, furniture and exercise equipment.
"As I think about all that's going on now, I reflect back to the tariffs and... long for (when) that was our biggest issue," Home Depot President Edward Decker said on a webcast on Tuesday.
Retailers like Home Depot, Walmart WMT.N and Amazon.com AMZN.O got a boost when shoppers redirected travel and entertainment spending due to the COVID-19 pandemic. Now they must quickly replenish supplies to sate consumer demand.
Like other U.S. importers, they are rushing in products from China, Vietnam and other Asian countries - swamping U.S. seaports and spawning delays and disruptions that ripple across the globe.
Home Depot struggled to keep enough products on shelves during the fourth quarter, when strong sales required it to bring in more inventory than a year earlier. L4N2KT2F3
Home Depot executives said consumer prices for construction supplies like lumber and copper products are up due to commodity cost spikes. "A stick of lumber that was 2-odd dollars is now over $5," Decker said.
At the same time, major appliance prices are on a steep climb, with laundry equipment up more than 23% in January versus a year ago, according to the Bureau of Labor Statistics' Consumer Price Index.
CARGO COSTS MOUNT
U.S. sea-borne imports hit $6.4 billion in January, up 159% from a year earlier, according to S&P Global Market Intelligence's Panjiva unit and S&P Global Platts. That was on top of a similar increase in the fourth quarter.
In recent weeks, the cost of transporting goods from Asia to the U.S. West Coast rose a whopping 200% year-over-year, while rates to the East Coast have more than doubled, data from S&P Global Platts Containers shows.
Port and container shipping executives say the bottlenecks may not dissipate until the second or early third quarter of this year.
Peloton Interactive PTON.O plans to spend $100 million to expedite deliveries of spin bikes and other equipment. That will require pricier air shipping and expedited ocean freight services, as well as the cost of routing cargo containers away from the Los Angeles/Long Beach port complex - which is suffering record backups. L1N2KN30A
Transportation- and commodity-related inflation could send costs $70-80 million higher this fiscal year, said David Maura, chief executive of Spectrum Brands SPB.N, whose products include Kwikset locks, Hot Shot bug spray and George Foreman grills.
Parts shortages also contribute to the pain.
Kia Motors America is flying in computer chips due to a global shortage, spokesman Rick Douglas said.
La-Z-Boy LZB.N last week said short supplies of components for its most-lucrative powered seating hit its sales mix.
"It feels like whack-a-mole. You figure out one (supply chain issue), get it fixed - and another piece comes up," said Lifetime Products CEO Richard Hendrickson, whose Utah-based sporting goods company imports some items from China.
(Reporting by Lisa Baertlein; Additional reporting by Timothy Aeppel and Melissa Fares in New York, Richa Naidu in Chicago, Jonathan Saul in London and Nivedita Balu in Bengaluru; Editing by Dan Grebler)
((lisa.baertlein@thomsonreuters.com; Reuters Messaging: lisa.baertlein.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Lisa Baertlein Feb 23(Reuters) - As Home Depot HD.N heads into its busy spring project season - when shoppers build backyard decks and buy patio furniture - it is tangling with surging costs for goods and transportation, on top of tariffs that cost it and other U.S. importers billions of dollars. "As I think about all that's going on now, I reflect back to the tariffs and... long for (when) that was our biggest issue," Home Depot President Edward Decker said on a webcast on Tuesday. "A stick of lumber that was 2-odd dollars is now over $5," Decker said.
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By Lisa Baertlein Feb 23(Reuters) - As Home Depot HD.N heads into its busy spring project season - when shoppers build backyard decks and buy patio furniture - it is tangling with surging costs for goods and transportation, on top of tariffs that cost it and other U.S. importers billions of dollars. "As I think about all that's going on now, I reflect back to the tariffs and... long for (when) that was our biggest issue," Home Depot President Edward Decker said on a webcast on Tuesday. "A stick of lumber that was 2-odd dollars is now over $5," Decker said.
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By Lisa Baertlein Feb 23(Reuters) - As Home Depot HD.N heads into its busy spring project season - when shoppers build backyard decks and buy patio furniture - it is tangling with surging costs for goods and transportation, on top of tariffs that cost it and other U.S. importers billions of dollars. "As I think about all that's going on now, I reflect back to the tariffs and... long for (when) that was our biggest issue," Home Depot President Edward Decker said on a webcast on Tuesday. "A stick of lumber that was 2-odd dollars is now over $5," Decker said.
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By Lisa Baertlein Feb 23(Reuters) - As Home Depot HD.N heads into its busy spring project season - when shoppers build backyard decks and buy patio furniture - it is tangling with surging costs for goods and transportation, on top of tariffs that cost it and other U.S. importers billions of dollars. "As I think about all that's going on now, I reflect back to the tariffs and... long for (when) that was our biggest issue," Home Depot President Edward Decker said on a webcast on Tuesday. "A stick of lumber that was 2-odd dollars is now over $5," Decker said.
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4e1715c4-6b85-4c02-b9a3-b2d0eaee8285
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724120.0
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2021-02-05 00:00:00 UTC
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Deckers Outdoor Corp (DECK) Q3 2021 Earnings Call Transcript
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-deck-q3-2021-earnings-call-transcript-2021-02-05
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Image source: The Motley Fool.
Deckers Outdoor Corp (NYSE: DECK)
Q3 2021 Earnings Call
Feb 4, 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 Third Quarter Fiscal 2021 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Erinn Kohler, Vice President, Investor Relations and Corporate Planning. Please go ahead.
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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 the impact of the COVID-19 pandemic on our business and operations, business partners and industry; changes in consumer behavior in the retail environment; 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; investments in 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 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. I'm excited to dive into the details of an extraordinary quarter for the company and the exceptional results that our teams have delivered. But first, I would again like to stress the paramount importance of the health and safety of our employees, customers, communities and stakeholders as they remain top of mind with everyone continuing to navigate the COVID-19 pandemic. On behalf of Deckers, I hope everyone is staying safe and healthy. Our third quarter results include record-setting revenue of $1.078 billion and record earnings per share of $8.99. Revenue grew by 15% over last year's third quarter to deliver Decker's first-ever quarter to exceed $1 billion. Performance in the quarter was driven by delivering relevant and compelling products that consumers are demanding, focusing execution to maximize demand captured through direct-to-consumer channels, engaging consumers with authentic and emotive product storytelling, executing marketplace management that set the table for high product sell-through, and our dedicated employees working tirelessly to deliver strong results despite the challenging environment. To achieve these results, we overcame both significant operational hurdles as well as macro pressures related to the ongoing pandemic. Steve will be providing more context on these unique dynamics later in today's call. We believe much of the strength we have seen in our business fiscal year-to-date is the result of our continued execution and dedication to our long-term strategies, including driving year-round demand for UGG through a diverse product assortment; accelerating consumer acquisition online, which increased 87% year-to-date across our portfolio of brands; prioritizing 18- to 34-year-old consumers, which have accounted for the largest percentage increase in our U.S. customer database this year; managing the wholesale marketplace strategically, which has continued to benefit UGG margins in the U.S. and is progressing in EMEA; globalizing the HOKA ecosystem, evidenced by the acceleration of international markets; and spending responsibly to maintain high levels of profitability while deploying investments in these key strategic areas.
While this last year has led to unique circumstances allowing our brands to capitalize on positive momentum, our underlying strategies remain central to Decker's long-term growth and profitability profile. As we adapt our operating model to these accelerated trends, we continue to recognize the need for additional infrastructure investments, allowing us to sustain the strength in our business. More to share on that front during our year-endearnings callin May. I'll now walk you through the brand highlights from the quarter, starting with UGG. The double-digit global UGG growth rate in the third quarter was driven by: the strength of the brand's diversified and compelling product offering, which has been embraced by a broader range of consumers; momentum with younger and fashion-forward consumers; targeted digital marketing and PR activations; increased purchase frequency from consumers shopping across multiple product categories; significant brand heat in the U.S., with strong selling and sell-through across multiple wholesale accounts paired with exceptional DTC engagement; and traction with localized strategies for international markets beginning to rebuild brand heat within Europe and Asia. The UGG brand success, particularly in the U.S., is a result of the brand's long-term evolution as a leading global lifestyle brand through infusing brand DNA into new and expanding categories. More specifically, over the past four years, UGG has established an impressive resume of collaborations that have helped rebuild the brand's fashion credibility. This includes recently announced collaborations with British designer, Molly Goddard, and New York-based designer, Telfar Clemens. Combining buzz-worthy collaborations, design innovation and strategically managed distribution through product allocation, segmentation and differentiation, UGG has significantly reduced its reliance on core products while significantly expanding other categories. Evidencing the success of this strategy, during the third quarter, women's classic product volume remained flat year-over-year, while the brand experienced growth across every other major category, including women's non classic footwear, highlighted by slippers and the Fluff franchise; men's footwear, particularly the Neumel franchise and heritage slippers; kid's footwear through fun variations of popular men's and women's product; and the new ready-to-wear collection, which was a resounding success this season and will be expanded upon next fall with additional products and partnerships.
With this transformation beyond core products, the UGG consumer is becoming younger and more diverse. During the third quarter, UGG experienced a 44% increase in customers aged 18- to 34-year-old in the U.S. which was the largest increase of any group and represented the largest percentage of total customers. As UGG continues to expand its audience with younger consumers, it has been critical to enhance the brand's e-commerce engine and digital marketing expertise. The UGG e-commerce platform has continued to evolve as part of Deckers' overall digital transformation, but it has also become a strategic driver of the product development process through exclusive products. By creating products exclusive to DTC, the UGG team is able to both develop special events that drive traffic as well as create a faster feedback loop to enhance future product success with targeted consumers. Momentum with younger consumers has been amplified by UGG earning year-round attention from the emergence of the Fluff franchise. Historically, many consumers search for UGG products as weather turned colder. However, with the evolution of Fluff, which featured year-round product, UGG is remaining top of mind with consumers. In fact, UGG brand search interest increased 18% for the entire calendar year 2020. We have also observed Fluff as a compelling acquisition vehicle for driving repurchase decisions in other categories. Specifically, our data highlighted many consumers who purchased Fluff earlier this year returning to purchase the Classic Clear Mini this fall. With more frequent attention from consumers and effective utilization of consumer insights and data analysis, over the last nine months, we've witnessed an 89% increase in repeat purchases as compared to the same period last year. With more consumers making multiple purchases, the value of the more than two million new customers acquired so far this year becomes even more impactful to the future growth trajectory of the UGG brand. As the UGG customer database grows, so does the strength of its insights provided by our centralized marketing teams. For example, consumer insights revealed that 18- to 34-year olds in the U.S. were the driving factor behind the Neumel becoming a top global style for UGG in the third quarter. While volume growth of the style was impressive, even more exciting was the increase in 18- to 34-year-old purchases of the Neumel who more than doubled over last year in our domestic DTC channel.
With the insights developed around the Neumel consumer, we believe that the recently introduced men's Fluff product will also resonate well with this consumer. First launched in November, the men's Fluff It and Fluff You styles were modeled by NBA legend Dennis Rodman, in the UGG brand's Chaotic Fun campaign. The UGG team is excited by the positive PR impressions gained from men's Fluff, which sold out in its initial allocation online and is selling well with key wholesale partners. From a regional standpoint, as expected, growth in the third quarter was driven by the U.S., where according to YouGov, UGG reached new all-time highs in brand consideration, purchase intent, brand impression and brand buzz among women aged 18 to 34. Over the past three years, the UGG brand's domestic business has added nearly $200 million to the third quarter alone, which we feel as a result of our successful strategy to build brand heat and tightly manage our segmentation and diversification efforts. While a great deal of the domestic strength this year has been driven by owned e-commerce performance, and this continued in the third quarter, pairs sold at UGG domestic wholesale partners during the fall season increased 42% versus last year. Because of the UGG marketplace strategy, wholesale success was broad-based. Given the strength of our sell-through at our wholesale partners this fall, UGG experienced very little promotional activity, and season-ending inventories in the market are at a historically low level. Internationally, UGG continues to see progress in the multiyear reset in EMEA. Over the last year, UGG has exited approximately 20% of wholesale accounts in Europe and significantly reduced the core classic product in the marketplace. While revenue in Europe remained a strategic headwind in Q3, due to our ongoing marketplace reset and COVID-related challenges, margins improved as UGG drove a healthier product mix and reduced the need for promotional activity. Overall, we feel the UGG brand is headed in a positive direction in Europe, evidenced by fiscal year-to-date online consumer acquisition increasing 97% over last year. With favorable consumer acquisition and strengthened strategic youth accounts in the region, we believe UGG could return to growth in EMEA next fiscal year. With the holiday season behind us, we are now shifting our focus toward growing brand heat and consumer attention for the spring and summer seasons.
Clearly, the strategy we have implemented over the past few years in the U.S. continues to pay dividends, and we are excited by this year's progress with international markets. We still have investments to make in order to rebuild brand heat in these international regions, but feel increasingly positive that our strategy to build diversified product acceptance through fashion credibility is working. Congratulations to the UGG team on executing a fantastic quarter. Shifting to HOKA. Global performance was driven by strength and momentum across the brand's entire ecosystem. Among all access points, building the brand's online consumer acquisition and retention has been a primary focus for HOKA. Through optimized digital marketing and geo targeting, HOKA has managed to increase consumer acquisition online by 117% fiscal year-to-date, while also doubling consumer retention year-over-year. With a growing audience online and dedicated consumer replenishment trends, HOKA has been able to cross the $100 million DTC revenue mark in just the first nine months of fiscal year 2021. With this acceleration online, DTC revenue now represents nearly 30% of HOKA revenue fiscal year-to-date up from 21% last year. Importantly, HOKA is also firing on all cylinders with wholesale partners as the brand has doubled both awareness and consideration among consumers outside of core runners. According to the NPD Group's retail tracking service, HOKA dollar sales in the U.S. run specialty channel increased 19% for the three months ending December 2020 compared to the same months over the prior year. This growth is despite overall dollar sales of adult running shoes sold through this channel decreasing 4% for the three months ending December 2020. For calendar year 2020, the brand's top three strategic wholesale accounts sold more than $100 million of HOKA product at retail value, highlighting both the strength of these relationships and the relative size of the HOKA brand's direct-to-consumer business. As we have discussed in the past, we are constantly evaluating HOKA distribution to ensure optimized consumer access points. Earlier this year, we began testing DICK'S Sporting Goods with a limited number of doors and product. And so far, the partnership has been mutually beneficial. This spring, Hoka will be slowly increasing its door count with DICK'S, and we'll continue to evaluate as appropriate.
Ideally, testing these additional access points for HOKA will expose the brand to a larger audience as we work to build further awareness and consideration. During the quarter, HOKA growth was powerful across the globe in every region, and we have been encouraged to see the brand's international growth rate continued to outpace domestic. While revenue dynamics remain in favor of domestic due to the differences in distribution models, 54% of units in Q3 were sold internationally. This speaks to the HOKA brand's global appeal and opportunity overseas as the brand expands. From a product standpoint, HOKA continues to be recognized with awards for its innovative technology and designs. Some of the awards received during the third quarter include: the Clifton Edge being named Best Running Shoes in the Rolling Stone Essentials 2020, the Bondi seven being named Best for Long Runs in Outside Magazine's Best Running Shoes of 2021 Winter Guide, and the HOKA GORE-TEX SHAKEDRY Run Jacket being named Best Running Jacket in the 2021 Women's Health Fitness Awards. We are proud to see not only core heritage HOKA products like the Bondi receiving recognition, but also new product innovations like the Clifton Edge and Shake Dry Run Jacket obtaining a claim. We are still in the very infancy of HOKA apparel, but it's promising to see such a positive response so early in the development process. On the innovation front, HOKA has been working to bolster its Fly collection, which represents the brand's roster of speed shoes. We believe these lead with speed shoes are an important acquisition vehicle for younger consumers. And I'm excited to share some of the HOKA brand's recent and upcoming launches in the category, including the Rocket X, which launched in Q3, the Carbon X2, which launched in January, and the Mach 4, which launches in March. Similar to the original Carbon X that was worn by Jim Walmsley while setting a new world record 50-mile time in 2019, the X2 was launched with a world record-breaking 100,000 attempt. While Jim was a few seconds shy of the world record this time, he shattered the American record, and it was an incredible event to showcase the brand. We know Jim will be back for more record-breaking attempts and believe this event further demonstrates the global opportunity that lies ahead for HOKA and our supporting athletes. Congratulations to Jim on this incredible achievement, and thank you for showing us what is possible with HOKA performance.
We believe that with continued innovation in the speed space, HOKA will continue to build awareness with the consumers aged 18 to 34 in main consumer acquisition momentum, which fiscal year-to-date has increased 167% versus last year in the 18- to 34-year-old demographic in the U.S. With just under $400 million in revenue fiscal year-to-date, we're confident HOKA will cross the $500 million revenue milestone for fiscal year 2021. We look forward to sharing more on the HOKA growth path on our year-endearnings callin May. With respect to channel performance in the third quarter, e-commerce growth was exceptional, helping to drive our mix of DTC revenue to 48%, up from 44% last year. This is [Technical Issues] And domestic UGG, with offsets from international UGG related to marketplace reset initiatives under way. In summary, global demand for HOKA, domestic strength in UGG, omnichannel execution and disciplined approach to strategic investment and an incredible display of resiliency by our employees operationally led Deckers to double-digit quarterly revenue and earnings growth in the midst of a pandemic. On behalf of the entire leadership team, thank you to all of our employees across the globe. Your relentless resolve in getting the job done delivered these record results. I'll now hand the call over to Steve to provide more details on our third quarter financial performance as well as some additional thoughts on the remainder of fiscal 2021 and beyond. Steve?
Steven J. Fasching -- Chief Financial Officer
Was incredibly strong and speaks well to the success of our strategies driving demand for our brands. While this year has been full of unique circumstances, our performance has been enabled by the work we have undertaken to transform Deckers to a digitally led organization with strategically managed distribution channels and innovative product creation that consumers demand. I am proud of our organization's ability to effectively manage our resources, overcome operational obstacles, manage with financial discipline and achieve exceptional results in the face of adversity. I am confident that as we move forward and beyond the pandemic, our brands and organization are positioned to emerge with continued growth opportunities, strength and discipline. Before moving into our results for the quarter, I would like to start with a little context. Back on our second quarterearnings call we laid out a number of tailwinds experienced in the first half of our fiscal year. These tailwinds included compelling products that are resonating with consumers in the current environment, accelerated adoption of e-commerce, our brands benefiting from consumer trends shifting toward casualization as people continue to work from home and heightened awareness of HOKA. With the results we just delivered, we were able to capitalize on these variables in the third quarter as well. We also discussed some potential headwinds that we anticipated could impact the third quarter as we stepped into our peak season. To quickly summarize, the assumed challenges were: the potential for both owned and third-party shipping constraints; a second wave pandemic impact on operations; limitations resulting from inventory purchase reductions at the onset of the pandemic; and finally, higher shipping and warehouse costs related to increased safety and hazard pay as well as increased marketing costs to capitalize on brand momentum.
And I am pleased to say that through some advanced planning early in the quarter, hard work on the part of our employees, close partnership with many of our accounts and a dedicated consumer base, we were able to mitigate much of the anticipated impact. More specifically, actions taken to address these headwinds were to bring on incremental shipping capacity with additional partners; create greater utilization of DC bypass shipments to wholesale customers; implement effective safety measures that helped limit our own retail store closures and allowed shipping to remain operational at our California distribution center for the duration of the quarter; in some cases, shift consumer demand for out-of-stock items to other available products; and a measured approach to managing spend during the quarter. Overall, the net impact of these factors helped to drive our exceptional results for the quarter, and our business was aided by demand that drove much stronger revenue than anticipated. Now for financial specifics. Revenue in the third quarter was $1.078 billion, up 15% versus the prior year. Performance as compared to last year was primarily driven by: global UGG growth of 12% and to $877 million, which was fueled by a domestic increase of 20%, partially offset by the continued international reset, but worth noting that we saw improving signs throughout the quarter; and global HOKA growth of 52% to $142 million, which experienced a 92% increase in DTC and a 40% increase with wholesale. Gross margins in the third quarter were up 290 basis points over last year to 57%. The increase in gross margin was related to the strong full price selling environment of UGG as demand far outweighed supply, helping significantly limit any promotional activity; favorable channel mix as DTC increased as a proportion of the total business; very limited wholesale closeouts as demand outpaced supply for many styles; and benefits from favorable exchange rates during the quarter. SG&A dollar spend was $285.2 million, up 13% from last year's $251.9 million. Higher spend was primarily driven by variable marketing, warehouse and logistic costs and performance-based compensation, partially offset by savings from lower travel and retail expenses. This all resulted in record earnings per share of $8.99, which compares to $7.14 in last year's third quarter.
The $1.85 improvement versus last year, again, was driven by: increased revenue volume seen from the growth in UGG and HOKA brands, a higher proportion of full-priced UGG revenue and a higher mix of DTC revenue; favorable currency rates and SG&A leverage in the quarter as revenue accelerated much faster than expenses, with some offsets from greater spend on marketing, warehouse and performance-based compensation as well as the combined impacts of a higher tax rate and higher share count. Our year-to-date performance has delivered significant operating margin expansion in comparison to the same period last year. This has been driven by factors including DTC mix increasing significantly with the acceleration of our e-commerce business. And while we still anticipate growth going forward, the magnitude of the shift is not anticipated to continue; a historically low promotional environment resulting from very high demand, significantly minimizing both discounting and closeouts; and temporary operating expense savings with discretionary constraints employed early in the year at the onset of the pandemic. With these benefits partially offset by rising freight expense that could go higher in the future and our strategic investment in marketing that we intend to continue fueling going forward. For the quarter, our tax rate was 22.2%, driven by higher mix of domestic and DTC business. Our balance sheet remains strong, and as of December 31, cash and equivalents were $1.157 billion. Inventory was $305 million, down 17% from $366 million at the same time last year. And we had no short-term borrowings under our existing credit line as compared to $6 million last year. Our existing credit lines have an available balance of $474 million. During the quarter, we did not repurchase any shares. Earlier this year, at the onset of the pandemic, we paused our share repurchase activity but now intend to recommence share repurchase under the existing $160 million outstanding authorization in future periods. As we continue to navigate the global pandemic, we will not be providing specific guidance on the fourth quarter, but we do want to highlight a few considerations as we look to finish out the fiscal year. We expect revenue to grow in comparison to last year's fourth quarter. More specifically, on UGG, we see growth with our domestic business as we lap last year's impact of delayed and canceled wholesale orders and physical retail store disruption at the onset of COVID-19. But we continue to expect pressure on our international wholesale business as we are still in the midst of a marketplace reset. And on HOKA, we expect global growth as the brand continues to drive year-round demand and continue to see expectations of annual revenue exceeding the $500 million milestone. Then on costs. With the success we saw in Q3 and an ability to bring increased awareness to our spring/summer offerings, we plan to increase our marketing efforts. This will likely result in a significant increase in our marketing spend for the quarter.
And as we continue to navigate the global pandemic, we continue to experience higher costs related to logistics and warehouse fulfillment. These include increased safety measures put in place at our distribution center, expedited freight to replenish inventory of depleted in-demand styles and accelerated spend to increase logistics capacity. In addition, with these strong results, we will see higher performance-based compensation costs related to our higher level of performance for the year. Therefore, when factoring these considerations in and recognizing that Q4 represents one of our smaller revenue quarters, the spend increase will be disproportionate to revenue, all potentially resulting in a lower earnings per share for the quarter year-over-year but still delivering strong results for the full year. Before I hand the call back to Dave, I would like to say how pleased we are with our fiscal year-to-date performance. Our teams have done an enviable job managing through operational and macro challenges, while ensuring the long-term vision of the organization remains intact. Our brands are full of momentum, the company remains well positioned, and we are prepared for the opportunities that lie ahead. Thanks, everyone. And I'll now turn the call back to Dave for his closing remarks.
Dave Powers -- Chief Executive Officer, President and Director
Thanks, Steve. To close today's call, I want to once again recognize our employees for staying committed to each other and to the success of our company throughout a year filled with uncertainty. I am so appreciative of how our teams rose to the occasion and enabled our brand to deliver exceptional results. Because of this hard work, Deckers boast two of the strongest brands in the footwear industry, that are both leaders in their respective spaces of fashion and athletic performance. While this year presented challenges and our strategies allowed us to capitalize on certain extraordinary circumstances, there is no doubt our brands benefited from a unique consumer environment where spending patterns shifted away from experiences and into products. As consumers look to brands and products that fit their needs for the current environment, we saw an acceleration of engagement with our brands. And as Steve noted in his comments, we believe the results just delivered will not be sustained at these levels in the longer run as we return to a more normal environment and invest in our brands to continue to deliver growth globally. We will provide more insights regarding these investments in our fourth quarter call. But I think it's important to note in a year when we saw accelerated growth, little to no promotion and constrained corporate spending while navigating our global pandemic, these results are exceptional. At Deckers, we like to say, as our organization performs well, it enables us to do good. With that in mind, we've continued to enhance our ESG programs and increased both our charitable contributions and our employee hours donated well above last year. Doing good and doing great is at the core of Deckers' values and is the primary reason behind our leadership in the ESG arena. Moving forward, I have the utmost confidence in our strategies, our portfolio of brands and exemplary operating model that now more than ever give credence to the long-term trajectory of Deckers Brands. Thank you to all of our stakeholders for your continued support. With that, I'll turn the call back over to the operator for Q&A. Operator?
Questions and Answers:
Operator
[Operator Instructions] The first question comes from Camilo Lyon of BTIG. Please go ahead.
Camilo Russi Lyon -- BTIG, LLC -- Analyst
Thanks. Good afternoon everyone. Great job on the results today. Dave, just kind of dovetailing from what you -- what your last comments were. A question that we get a lot is how do you -- how do we think that you will lap the strong demand that you've seen in slippers this past year? And how do you pivot away from the work from home categories that you leveraged? Maybe if you could help us understand the categories and how the category shifted during COVID and how they might shift back when normalization occurs. And then secondarily, on gross margin. With HOKA now starting to really gain momentum and the margins of that business reaching scale apparently, how should we think about your long run gross margin outlook when your channel mix stabilizes?
Dave Powers -- Chief Executive Officer, President and Director
Yes. Thanks, Camilo. Those are great questions. And the strength -- first of all, the strength of the quarter in UGG with double-digit growth, which I think we all are excited to see, we haven't seen that in some time, is really driven by a diversified product offering. So it's -- in past years, we were talking about how much the Classics drove the business and how important weather was and as you can tell, we didn't mention either of those specifically in the call. And that's because we're seeing broad-based success across all the categories in women's, but also in men's and kids and including apparel. slippers is certainly a driver of the success of the Fluff franchise, continues to grow and provide upside for us. But core heritage slippers as well, such as Tasman and Ansley and Ascot. But Classics, the core Classics business were relatively flat, and the growth came from non-Classic boots, such as the Classic Clear, the Ultra Mini and the Neumel. In fact, the Neumel this quarter globally was the number one style across all genders. And in the U.S., the men's Neumel is the number one style for the quarter in U.S. wholesale. So it's great to see that our diversification efforts are paying off. Certainly, there is a level of tailwind from COVID and the work-from-home environment. But what's exciting to see is we are bringing in, as we mentioned, the younger consumer. They're shopping more frequently. We saw consumers come into the franchise in Q2 that purchased on our websites the Fluff product, but they came back in Q3 and they purchased the Classic Clear. And one of the things that I've learned in my tenure at the company here is that once a consumer is in UGG, they're always in UGG. And we're bringing in younger, more diverse consumers than we ever had before. And I think the long-term value of those consumers gives us real confidence that if the slipper trend does continue -- start to wane or the tailwind from COVID and work from home slows down a little bit, we have new consumers that have now fallen in love with the brand in a different way than our prior consumers that were just for the Classic and went on occasion. It's much more fashionable now. Obviously, the collabs and the brand heat and the press that we're getting globally is putting us in a new light.
We're now seen as a global fashion lifestyle brand, not just a boot brand. And I think the innovation that the teams have and how we're evolving the slipper category to not just work from home, but we're out from a fashion statement gives me real optimism in that as well. So the brand has never been stronger. I truly believe that. We're seeing demand outpace supply in Q3. It's broad-based across all categories and genders, head to toe. And the momentum we're starting to see in Europe and Asia as well just gives us real confidence that this isn't just a onetime COVID situation. It's a real strength of the brand across broad-based. On the HOKA margin question, I'll let Steve answer that. But certainly, the HOKA margin is healthy for us. And as we drive more business online into our e-commerce and DTC channels, both for UGG and HOKA, that benefits us. You saw the margin in the quarter, 57%. I believe that's probably an all-time high for us in a quarter like this. And that's driven by a combination of full price sell-through at wholesale, and then obviously, DTC mix and the strength of HOKA that's laying into that as well. So again, just broad-based success and gives us real confidence that we can continue down this path going forward. But Steve, do you want to add a little more color?
Steven J. Fasching -- Chief Financial Officer
Yes. Camilo, probably just a little bit more color. In terms of -- as we think about normalizing on the gross margin, I think in the quarter, we saw about 100 basis points due to promotion. As we think about that going forward, that would normalize. We wouldn't necessarily see kind of really as much full price selling that we saw in the current quarter. And then we did have a little bit of channel mix and then FX, which is probably about another 100 basis points. And that we would also begin to see normalize as we get into kind of a more normal quarter with more promotion in a normal environment and then not the FX lift that we saw in the current quarter either.
Dave Powers -- Chief Executive Officer, President and Director
Yes. So we're going to do everything we can to maintain these levels of channel mix and continue to drive upside in DTC. But longer term, it's hard to say at this point what the supply chain environment will look like, overseas with tariffs and demand and logistics and other things that we'll have to consider. So there will be some headwinds in the future, but trust we're doing everything we can to maintain healthy levels of margin.
Camilo Russi Lyon -- BTIG, LLC -- Analyst
Great. So Steve, just to clarify, that was 200 basis points in the quarter for the overall, right?
Steven J. Fasching -- Chief Financial Officer
Yes. I would say 200 that would -- due to the exceptional quarter, that we would attribute. And then we -- and it always changes, right, as you think about promotion and how much. But I think the very clean quarter, as we talked about in the prepared remarks, definitely contributed at least 100 basis points. As I said, FX is about 50 and then channel mix, with the higher proportion of DTC, we would expect some of that to come back as there was a higher proportion of DTC selling in the current quarter.
Camilo Russi Lyon -- BTIG, LLC -- Analyst
Got it. And if I could sneak one in, one last one on HOKA. And Dave, I think you said that over half the pairs are sold internationally, but that's not the mix from a dollars perspective. So clearly, you're using distributors. What's the intention there to either bring those distributor sales to direct or more to a wholesale? How do you think about improving the profitability of those international direct sales?
Dave Powers -- Chief Executive Officer, President and Director
Yes. It's nothing to share on that front yet, but trust, it's something we're taking a good look at longer term. We do believe that when we control markets that serves us better, obviously, from a margin and also consumer data perspective to have their DTC channels. So we're keeping a close eye on that. There's a lot of heavy lifting that's involved in that. And we'll share a little more color on investments going forward and to be able to maintain this level of growth. But it's certainly something that we're keeping a close eye on. And longer term, it's a great opportunity.
Camilo Russi Lyon -- BTIG, LLC -- Analyst
Excellent. Congrats again and great quarter.
Dave Powers -- Chief Executive Officer, President and Director
Thanks, Camilo.
Steven J. Fasching -- Chief Financial Officer
Thanks, Camilo.
Operator
The next question comes from Jonathan Komp of Baird. Please go ahead.
Jonathan Robert Komp -- Robert W. Baird & Co. -- Analyst
Yeah. Hi, great. Thank you. Maybe just a broader question on UGG to start. Dave, just given all the new customers we've brought into the brand domestically and then getting past the distribution cleanup in Europe, just any broader stroke thoughts on how large you think the opportunity here is for UGG as you look out into the future years.
Dave Powers -- Chief Executive Officer, President and Director
Yes. I think certainly, the inventory levels, if you see how we've ended this quarter and how clean the channel is, that's going to serve us well going into next year and beyond. Like I said, the demand broad-based globally is very, very strong. And the strength of what we're seeing now with return to growth in FY '22 for Europe and then some opportunities that we're seeing in China, we're very optimistic about it. I think one of the things that we're learning and we learned over the last six months is the power of localized marketing efforts, And that's what you're seeing in both Europe and China to be driving adoption of new categories such as Fluff resetting the brand from a consumer perspective And we're going to continue to invest to drive that growth. So we still think there's definitely growth in the UGG brand globally. And when you start looking at these new categories and the strength of men's, which was a driver this past quarter as well as kids and apparel, it's a very exciting proposition going forward.
Steven J. Fasching -- Chief Financial Officer
Yes. I think -- just to add on to that, Jon, the diversity that we saw of product in Q3 was really impressive. So UGG had its most diverse selling quarter probably ever.
Jonathan Robert Komp -- Robert W. Baird & Co. -- Analyst
And more, just near term on UGG then, how do you think about in a marketplace that supply is obviously less than demand for multiple styles? How should we expect that to play out from a wholesale order book perspective? And just thinking into next fall, what the replenishment factor might look like.
Dave Powers -- Chief Executive Officer, President and Director
Yes. We're not obviously not going to share any details of that on this call. We'll have a little more color on the next call. But just -- as you said, there is great demand out there. And what's impressive about it is, it's diversified across consumer and category by our account segmentation. And the teams have done an amazing job of cementing our distribution and then supplying them with relevant products. So in the past where everybody was clamoring to get their hands on the Classic, each account now has a different assortment that works for them, and we're servicing them more specifically than we ever have before. So that bodes well for the order book. They're seeing new opportunities with younger consumers, and as I said, in men's. When you start looking at folks like Genesco and Foot Locker Group, there's great opportunity to expand into new consumers and styles. So at this point, that's the best way to look at it, but the demand is certainly very, very strong.
Jonathan Robert Komp -- Robert W. Baird & Co. -- Analyst
Understood. Appreciate the color. Thank you.
Dave Powers -- Chief Executive Officer, President and Director
Yes, thank you.
Operator
The next question comes from Paul Lejuez of Citi. Please go ahead.
Paul Lawrence Lejuez -- Citigroup Inc. -- Analyst
Hi guys, thanks. I just wanted to ask about inventory down a ton. Curious how much of that was planned versus whether you might be seeing some supply chain disruption. Is it a function of just stronger sell-throughs? Maybe if you could talk about how you're planning inventory over the next couple of quarters. And then also curious about the HOKA business. If you could give us an update on the apparel initiative, where are you in terms of building the design talent? When should we expect to see a greater emphasis on a push into the apparel category?
Dave Powers -- Chief Executive Officer, President and Director
Yes, you bet, Paul. So on the inventory side, the intentional side of this was in the international regions. As we talked about with the transformation of the European market, cleaning up inventory, creating more of a pull model, particularly in Classics. So our inventory levels were expected to come down in there. The strength of the brand and the demand helped us get there faster than we anticipated, but that was up by design. And then also in Asia, specifically China, cleaning up the channel there as well. So those were work that the teams in those regions were focused on and anticipating, but the demand helped us accelerate that even further. Steve, I'll let you comment on the total company.
Steven J. Fasching -- Chief Financial Officer
Yes. So Paul, kind of as we saw total company down, it was really all brands except for HOKA. HOKA's inventory was up. But as you would expect, with the brand growing kind of over 50% trying to just keep pace with that growth is a challenge. I think from an inventory perspective, as Dave said, lower than what we thought but helped us kind of chase incremental sales going forward, there are still disruptions in the supply chain. So we'll be working to bring inventory kind of as quickly as we can as we continue to see demand. So that will be an area that we're working very closely with our suppliers, really to make sure that we're getting inventory in. So as we've depleted it, as we've seen inventory levels in the channel significantly lower, it's a big focus of our supply chain, to manage that inventory and manage that incoming inventory. So pleased with the position, but also know, it's lower than what we expected and so how do we replenish it really going forward.
Dave Powers -- Chief Executive Officer, President and Director
Yes. And I think it gives us a great opportunity to kind of reset in the channel. And I know the teams are working on that. It also allows us to get orders in earlier, which will help with our supply chain and our production going into this year, which we know will be challenging. But we're getting ahead of that because of the current situation. But it allows us to really set the channel the way we want it to be and to maintain the strength and the positioning of the brand and control it better by distribution type, whether it's DTC or wholesale or depending on the account in wholesale. So it's an enviable position for us to be in, and we're going to take advantage of it as best we can. On the HOKA side, what we said before still holds true. We see this as a $1 billion brand with footwear doing the majority of that business, and we're still focused on that. Wendy, the President of the HOKA brand, myself and the rest of the LT are evaluating the apparel opportunity. We do believe longer term that this is a significant opportunity for us. But you're looking two to three years out before it has a real meaningful impact. But we want to do it right. We want to make sure that we do hire the right design talent, to your point, and that we have the operational and distribution tactics in place to be able to do it in a quality way. We're known for the innovation and the bold approach to footwear. We need to have the right design talent and supply chain to be able to do that also in apparel. And it's something that we're very excited about. And as we talk about investments going forward, apparel, not just in HOKA, but also in UGG is going to be a key area of investment for us over the next couple of years.
Paul Lawrence Lejuez -- Citigroup Inc. -- Analyst
Got you. Just a follow-up. Can you talk a little bit about the UGG business within China, sort of what you're seeing there in terms of what's working, what's not? How you feel about the marketing and how you plan to invest in that region over the next couple of quarters?
Dave Powers -- Chief Executive Officer, President and Director
Yes, it's a great question. A year ago, two years ago now, actually, the year has gone by so fast. Stefano, our leader of omnichannel, Andrea, the President of the UGG brand, and the leadership team involved with China and in the brand here put a plan in place to transform that business. It was traditionally a Classics-driven approach, our business there. It still is, in large part, but with the focus on localized marketing, on utilizing local influencers, creating excitement around the Fluff franchise and other fashionable styles such as the UGG Classic Clear, which blew out in no time in China. We're starting to see a turnaround in that business. And again, it's beyond the Classic. It's new, fresh, exciting styles from a fashion perspective. Though the impression of the brand is improving based on the localized marketing efforts and the influencers that we're using there. And this quarter was successful from an inventory cleanup, both for ourselves and our partners over there, which, again, allows us to set the channel going into FY '22, the way we want to see it and make sure that we're still driving healthy, full price sales at a diversified offering. And we're confident that we continue on that path, but it is going to take investment. And as Steve mentioned in the script, we're starting to reinvest in this quarter, Q4. We were shy in investment last year for obvious reasons. But now in Q4 and going into FY '22, China is going to be a pretty significant focus for us in investments, not just in UGG and marketing, but also to get HOKA off the ground in a real meaningful way.
Paul Lawrence Lejuez -- Citigroup Inc. -- Analyst
Got it. Thank you, guys. Good luck.
Dave Powers -- Chief Executive Officer, President and Director
Thank you.
Operator
The next question comes from Sam Power of Williams Trading. Please go ahead.
Samuel Poser -- Williams Trading -- Analyst
I changed my name to yours, Dave. Happy New Year. The -- a couple of questions. Number one, how should we think -- I mean, given the clear inventory and everything else and the way the momentum of these brands, should we consider the gross margin in the fourth quarter to have a similar year-over-year increase in basis points? And then the same question with SG&A, you said the S&A was going to be elevated. Is that going to be in line sort of with the percent change we saw in Q3? Or is that going to be higher than that?
Steven J. Fasching -- Chief Financial Officer
Yes. I'll take that, Sam, first. So on the SG&A, it's going to be more, right? Because we've been holding back really kind of through the pandemic, as Dave just said. And even as we've looked at marketing, now I think with the success that we're seeing with the brands, the need to invest more.
Dave Powers -- Chief Executive Officer, President and Director
And to drive spring business as well. Yes.
Steven J. Fasching -- Chief Financial Officer
Yes. So we're looking at how you can drive an increased kind of spring/summer business year-over-year. And that is contributing to a disproportionate increase in the SG&A spend in Q4. So again, haven't given full guidance, but expect that to be seen in Q4. Then on the gross margins, I would not extrapolate what we saw in Q3 from a gross margin perspective year-over-year into Q4. I think some of the tailwinds that we saw in Q3 were much bigger than what we would anticipate in Q4. So I wouldn't necessarily increase Q4 gross margins like you saw in Q3. We won't be getting -- we'll get some, but not the extent that you saw in Q3.
Dave Powers -- Chief Executive Officer, President and Director
Yes. And I would say from an investment standpoint in SG&A, we do have -- we believe we have a significant opportunity in spring and summer business, particularly for the UGG brand, that's obvious, and HOKA. But we want to take advantage of this time right now with the momentum of that brand to really drive success in spring and summer this quarter. Obviously, we're looking at the full year results, which will be exceptional based off Q3. But we want to make sure that we're continuing to invest to drive opportunities for the long term.
Samuel Poser -- Williams Trading -- Analyst
Thanks. And then lastly, just some housekeeping stuff. Could you give us either the wholesale or the direct-to-consumer by brand, either the absolute dollars for Teva, UGG, Sanuk, HOKA and so on, please?
Steven J. Fasching -- Chief Financial Officer
Yes, OK. So wholesale sales in Q3 for UGG, call it, $408.9 million. HOKA was call it, $101 million, wholesale. Teva was $12.1 million. Sanuk was $3.8 million, and this is in millions, and then other brands was $32.2 million. And then you can back into the DTC.
Samuel Poser -- Williams Trading -- Analyst
Okay. Thanks so much. Appreciate it.
Steven J. Fasching -- Chief Financial Officer
Okay. Thanks, Sam.
Operator
The next question comes from Tom Nikic of Wells Fargo. Please go ahead.
Tom Nikic -- Wells Fargo Securities, LLC -- Analyst
Hey, everybody. Thanks for taking my question. So when I look at UGG for the fourth quarter and, I guess, beyond. I know you said UGG growing. But I was wondering if you could contextualize that a little bit. It would seem between the easy compare, the brand momentum, the channel inventories being extremely low, like you talked about on the call, which would give an opportunity for some restocking, the strength in the Fluff in the spring style. It would seem like this could end up being like a really, really strong UGG quarter. So I was just kind of wondering if you could contextualize UGG a little bit and how you think about it for Q4 and maybe into early FY 2022.
Steven J. Fasching -- Chief Financial Officer
Yes. I think, Tom, it's a little bit hard. It's again why we're not giving guidance. We see opportunity. We're also dealing, as I kind of mentioned on the previous question, some supply constraints with bringing inventory in and so forth. So that's affecting Q4. So we're really not in a position to give a lot. We see -- clearly, it's something like we've said when we were approaching the fall/winter season, the demand is there. The opportunity is there. We still have to manage through kind of inventory, bringing inventory in, expediting inventory. And that's really what -- why we're not giving kind of more specifics. The opportunity is there for UGG, but there are some constraints in the system as we continue to kind of navigate the current environment. So I would just say, the opportunity to do more is there, but there are other constraints that will provide headwinds against the ability to meet the demand that's out there right now.
Dave Powers -- Chief Executive Officer, President and Director
Yes. And still a very uncertain environment. We still have store closures in the U.K. and sporadically across the world. And we're going to be coming into Q1 up against last year's pandemic, and that's mixed results based off category and region and channels. So there's a lot to navigate still, but you can't deny the demand and the strength of the brand at the current time. But we just have to balance that out with still the fact that we're still in an uncertain environment.
Tom Nikic -- Wells Fargo Securities, LLC -- Analyst
Got it. And just a quick follow-up. Steve, when I look at the balance sheet, I see almost $1.2 billion of cash and obviously, some good cash generation for the business overall. And I know you said you're looking to restart the buyback program. Would there be a scenario where M&A would start to become more appetizing to you to have a sort of third leg of the stool, so to speak? Or is that not in the cards right now?
Steven J. Fasching -- Chief Financial Officer
Yes, Tom, I think it's a good question. And clearly, it's -- we're having a lot of conversation around capital allocation. With the cash that we have on hand, now having our strongest quarter of the year behind us and having an exceptional result for the quarter gives us opportunity to look at a number of things. And so that is what we're doing right now, more conversations, management and the Board in terms of capital allocation. I would say just more to come, but recommencing our share repurchase is a good start to that.
Dave Powers -- Chief Executive Officer, President and Director
Yes. And I think, listen, we have incredible opportunities with organic growth with our brands. And we need to make sure that, first and foremost, we're executing on that opportunity. And that includes global expansion, continued expansion of HOKA particularly in China, which we're really just getting started still, apparel opportunities and then also the necessary infrastructure to support the kind of growth, both for our DTC channels globally and to logistics to wholesale. So as we continue to look at where to invest our money, we feel like the first place is organic growth opportunities in talent and resources in our digital transformation. M&A is something we're certainly always keeping an eye on. But honestly, I think smaller with high-growth potential is more in our wheelhouse than a big transformative acquisition.
Tom Nikic -- Wells Fargo Securities, LLC -- Analyst
Understood. Congratulations on a great quarter and a great year and talk to you soon.
Dave Powers -- Chief Executive Officer, President and Director
Thanks.
Operator
The next question comes from Dana Telsey of Telsey Advisory Group.
Dana Lauren Telsey -- Telsey Advisory Group LLC -- Analyst
Good afternoon everyone and congratulations on the quarter and the success. As you think about the marketing spend, which is increasing, where is the marketing spend going? What have you seen in terms of marketing expend, in particular, through any channels where you may see higher returns? And then on unit average costs, any change in average costs in terms of what you're seeing on product? And then lastly, on the shipments and shipping surcharges, how much is that impacting next quarter as compared to this quarter in terms of what you're seeing?
Dave Powers -- Chief Executive Officer, President and Director
Yes. Thanks, Dana. On the marketing side, I believe this is a real strength of Deckers. And the way we've set up our marketing spend is in a centralized team that manages all of our spend for our brands globally by region, by channel and consumer type. And we manage that very closely. As a leadership team, we review that -- those numbers on an ongoing basis and are continually fine-tuning the dials to optimize spend. Digital spend is obviously what's driving a great deal of our business. But I also have to give credit to the PR teams across our brands that are just doing an amazing job of creating brand heat at the top of the funnel. And then we're driving that down to our DTC channels through effective marketing tactics. Obviously, we have all the traditional marketing channels that we've been using over the years, everything from Facebook and email and Instagram, but we did some great tests over the last six months with Snapchat and Pinterest and using influencers and consumer-generated contact -- content, and those are all paying off extremely well also. So just getting more targeted, more specific with our trend -- and sorry, our spend by channel and consumer type. And then as I said, putting more into the regions but more localized content, leveraging local user-generated content in those regions and then amplifying the strength of our reach through localized channels, particularly in China where they have different channels than we do in the U.S. But the philosophy, the approach, the financial guardrails around our marketing spend and expected return on investment is managed essentially across the globe. And then we have fantastic teams on ground in regions who are localizing it for the best return. So we're going to continue to invest in marketing. If you think about it, even that the rates we're spending now, we still haven't really invested to the extent we should in men's, particularly outside of the U.S., or apparel. And particularly in China, there's still a lot of opportunity for us to invest in UGG, but certainly in HOKA to drive awareness of that brand. So it's working. It's very productive, and there's a lot more opportunity for us to drive growth through increased marketing spend.
Steven J. Fasching -- Chief Financial Officer
And then, Dana, just to answer, I think the other two questions were on average selling price. So average selling price for the company is actually going up. And that's being driven by HOKA and a higher proportion of DTC business. So as that proportion has increased and a higher proportion of HOKA, it is driving our ASP up. Now within UGG, where you have kind of in corresponding channels, you will have a slight decrease as diversity has increased and we're selling more product and lower-priced products. So interesting dynamics, overall, again, driving higher ASPs, but some dynamics within the brand in a healthy way, driving kind of diversity of product. And then your question on shipping costs. And this relates a little bit to a previous question about gross margin for quarter four. On a proportional basis, we're seeing higher expedited shipping costs as we're trying to bring in inventory due to the depleted inventory that we currently have. So that's going to be a headwind on the gross margin as you look at Q4 because on -- again, on a proportional basis, we'll be looking to increase that.
Dana Lauren Telsey -- Telsey Advisory Group LLC -- Analyst
Thank you.
Steven J. Fasching -- Chief Financial Officer
Thanks, Dana.
Operator
And the last questioner today will be Jim Duffy with Stifel. Please go ahead.
James Vincent Duffy -- Stifel, Nicolaus & Company, Incorporated -- Analyst
Thank you guys. Great execution through it all. To start, I wanted to talk about international markets. Dave, really encouraging to hear you're expecting growth for EMEA in fiscal 2022. I know a big part of the success in North America has been through diversifying the consumer base. Are you seeing similar success with the customer base in EMEA and Asia? Are you seeing the same kind of uptake with men and same side of -- same kind of age group diversification?
Dave Powers -- Chief Executive Officer, President and Director
Yes. It's a good question, Jim. And we are starting to see signs of that. We've traditionally in Europe, particularly and really driven by the U.K., have had just kind of a core consumer, a little bit older consumer, and that's why you saw the business stagnate over the last few years. But with the focus on a more diverse consumer and speaking to them in a really authentic way, making sure that we are showing up in the right points of distribution, such as JD Sports and Foot Locker and Asos in the U.K. and also Zalando across Europe. And then just showing more exciting, fresh, relevant product on influencers, it's having a positive impact. And what's encouraging to me is we're starting to see younger consumers come into the brand for the first time through fashion product. It's not the traditional Classic that they're buying for the first time. They're buying Fluff. They're buying Classic Clear. They're buying Ultra Minis. So it's a new way to enter the brand. It's much more fun and fashionable consumer that's coming into the brand, and they're seeing more wearing opportunities versus just when the cold weather hits and putting on their classic boot. So we're starting to see early days of that. The slipper and the Fluff phenomenon was slower to take hold in Europe and Asia. But we did start to see that over the last three to six months in those markets. And it's certainly an increased opportunity as we go into FY '22 in those international markets. The other area is, as I said, the Ultra Mini and the Classic Clear, but also rain is a great category for us, and we're starting to see a lot of traction there. We've had some production issues with our rain boots in the past, But now that we're bringing those to market, we're seeing great success there as well. So we do believe that the playbook, so to speak, that has enabled the growth in North America, 20% growth in North America for the quarter is the playbook that will serve us well in international. We're starting to see early signs of success.
James Vincent Duffy -- Stifel, Nicolaus & Company, Incorporated -- Analyst
Great. And then I was pleased and frankly, surprised to hear that the Neumel was the number one style globally. Are you seeing balanced penetration of that across regions? Or is that more of a North American phenomenon with some catch-up to be done in other international markets?
Dave Powers -- Chief Executive Officer, President and Director
Yes. Similar to what we're seeing in a lot of new revenue drivers as it takes hold in the U.S. first, and then we see it trickling into the European and Asia Pacific market. So we've been driving the Neumel business pretty hard in North America. It hadn't really taken hold in the international markets until the last three to six months. So it's an emerging opportunity for us in those markets, which is great. And again, we're -- the strength of the men's Neumel, and also we have a women's Neumel. So the combination of both -- those two styles gives us great opportunity going forward. And it's also a style that is really exciting when you start thinking about iterations on that and creating seasonal styles with materials and collabs and things of that sort. I think that it's going to be the style has got a tremendous runway for us going forward.
James Vincent Duffy -- Stifel, Nicolaus & Company, Incorporated -- Analyst
Then, Steve, I know there's been a lot of questions around the inventory, but I'm just curious on the mechanics. Specific to the December quarter, were you able to pull forward receipts to deliver some of that upside in the third quarter? Or was that not how we should think about it, it was really just consuming inventory that was already on the books. And I'm curious, in that December quarter, did you indeed consume any of the airfreight expense? And then is there a way that you can put some shape around the airfreight impact to the margins in the fourth quarter?
Steven J. Fasching -- Chief Financial Officer
Yes. We -- good question. I think you had a multiple, so I try to unpack some of that. In terms of what happened in Q3, I would say we consumed mostly inventory that we had or inbound inventory that came in and went out in the quarter. And that's why you're seeing inventory down kind of nearly 17%. So it was more about selling out the inventory that we had. We also, as I mentioned, kind of shifted some of the orders to in-stock inventory, so that helped lower inventory, too. So where we didn't have inventory and an inability to bring it in or have it come in, in Q3, shift some of that into product that we did have, that was a successful move. And then in talking about kind of Q4, we're still working through components of that. As I said, as a proportion, again, the expedited amount that will be coming in, in Q4 will be higher. Remember, but Q3 is a much bigger quarter. So not necessarily giving direction on a specific gross margin, but kind of, I think, where your question was in relationship to one of the previous questions was, can we proportionately flow the same level of lift in Q3 that -- or similar into Q4. And I'm saying, no, I don't do that because of our depleted inventory as we're shifting to more spring/summer, trying to get that inventory in, we are having to expedite it. We're still working through some disruptions in the supply chain. So we haven't necessarily quantified that, but I would say, as you're thinking to build out Q4, that would not extrapolate Q3.
Dave Powers -- Chief Executive Officer, President and Director
Those headwinds exist.
James Vincent Duffy -- Stifel, Nicolaus & Company, Incorporated -- Analyst
No doubt. I was hoping you could quantify the airfreight impact in Q4. And then maybe related to that, are you expecting the airfreight to continue to have consequences as you get into the first half of fiscal 2022?
Steven J. Fasching -- Chief Financial Officer
Yes. I think potentially, I think there is a disruption. I can tell you, in Q3, the headwind of FX on the gross margin was probably 20 to 50 basis points. And so on a gross margin basis, I would think that will be bigger in kind of Q4, again, on a comparable basis. I don't see things getting better in the next six months. So I think for the foreseeable future, we're going to continue to have kind of disruptions in the supply chain. I think there's pressure on factories to get product out. There's pressure on shipping companies to get ships across the ocean.
Dave Powers -- Chief Executive Officer, President and Director
Costs of containers are going up.
Steven J. Fasching -- Chief Financial Officer
There's issues within logistics within the ports of moving containers and then just getting it to your warehouse and then trying to turn it around. So at multiple steps, we're still seeing headwinds. Now we, I think, did a very good job in Q3, but it took a lot. Things aren't getting better, like we have not seen things get better at this point.
Dave Powers -- Chief Executive Officer, President and Director
Yes. The silver lining is that brands are strong, so that the customers, although they are disappointed, they're willing to wait to get the product because the demand for it is so strong. But the costs are still there.
Steven J. Fasching -- Chief Financial Officer
And sorry, Jim, just to clarify, I misspoke. I think I said FX, it's freight. Freight was at 20 to 50 basis points. Sorry.
James Vincent Duffy -- Stifel, Nicolaus & Company, Incorporated -- Analyst
Yeah. That makes more sense. Well great guys. Thank you so much. And congratulations on great quarter.
Steven J. Fasching -- Chief Financial Officer
Thanks, Jim. Take care.
Operator
[Operator Closing Remarks]
Duration: 61 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
Camilo Russi Lyon -- BTIG, LLC -- Analyst
Jonathan Robert Komp -- Robert W. Baird & Co. -- Analyst
Paul Lawrence Lejuez -- Citigroup Inc. -- Analyst
Samuel Poser -- Williams Trading -- Analyst
Tom Nikic -- Wells Fargo Securities, LLC -- Analyst
Dana Lauren Telsey -- Telsey Advisory Group LLC -- Analyst
James Vincent Duffy -- Stifel, Nicolaus & Company, Incorporated -- Analyst
More DECK analysis
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In summary, global demand for HOKA, domestic strength in UGG, omnichannel execution and disciplined approach to strategic investment and an incredible display of resiliency by our employees operationally led Deckers to double-digit quarterly revenue and earnings growth in the midst of a pandemic. While this year has been full of unique circumstances, our performance has been enabled by the work we have undertaken to transform Deckers to a digitally led organization with strategically managed distribution channels and innovative product creation that consumers demand. Deckers Outdoor Corp (NYSE: DECK) Q3 2021 Earnings Call Feb 4, 2021, 4:30 p.m.
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Operator [Operator Closing Remarks] Duration: 61 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 Camilo Russi Lyon -- BTIG, LLC -- Analyst Jonathan Robert Komp -- Robert W. Baird & Co. -- Analyst Paul Lawrence Lejuez -- Citigroup Inc. -- Analyst Samuel Poser -- Williams Trading -- Analyst Tom Nikic -- Wells Fargo Securities, LLC -- Analyst Dana Lauren Telsey -- Telsey Advisory Group LLC -- Analyst James Vincent Duffy -- Stifel, Nicolaus & Company, Incorporated -- Analyst More DECK analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor Corp (NYSE: DECK) Q3 2021 Earnings Call Feb 4, 2021, 4:30 p.m. Welcome to the Deckers Brands Third Quarter Fiscal 2021 Earnings Conference Call.
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Operator [Operator Closing Remarks] Duration: 61 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 Camilo Russi Lyon -- BTIG, LLC -- Analyst Jonathan Robert Komp -- Robert W. Baird & Co. -- Analyst Paul Lawrence Lejuez -- Citigroup Inc. -- Analyst Samuel Poser -- Williams Trading -- Analyst Tom Nikic -- Wells Fargo Securities, LLC -- Analyst Dana Lauren Telsey -- Telsey Advisory Group LLC -- Analyst James Vincent Duffy -- Stifel, Nicolaus & Company, Incorporated -- Analyst More DECK analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor Corp (NYSE: DECK) Q3 2021 Earnings Call Feb 4, 2021, 4:30 p.m. Welcome to the Deckers Brands Third Quarter Fiscal 2021 Earnings Conference Call.
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Operator [Operator Closing Remarks] Duration: 61 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 Camilo Russi Lyon -- BTIG, LLC -- Analyst Jonathan Robert Komp -- Robert W. Baird & Co. -- Analyst Paul Lawrence Lejuez -- Citigroup Inc. -- Analyst Samuel Poser -- Williams Trading -- Analyst Tom Nikic -- Wells Fargo Securities, LLC -- Analyst Dana Lauren Telsey -- Telsey Advisory Group LLC -- Analyst James Vincent Duffy -- Stifel, Nicolaus & Company, Incorporated -- Analyst More DECK analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor Corp (NYSE: DECK) Q3 2021 Earnings Call Feb 4, 2021, 4:30 p.m. Welcome to the Deckers Brands Third Quarter Fiscal 2021 Earnings Conference Call.
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5befcc7e-dd30-4fcb-8fc0-010c44d6e775
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724121.0
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2021-02-04 00:00:00 UTC
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Deckers Outdoor Corp Profit Climbs In Q3
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-profit-climbs-in-q3-2021-02-04
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nan
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nan
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(RTTNews) - Deckers Outdoor Corp (DECK) announced earnings for its third quarter that climbed from the same period last year.
The company's earnings came in at $263.20 million, or $8.99 per share. This compares with $203.29 million, or $7.14 per share, in last year's third quarter.
Analysts had expected the company to earn $7.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 14.9% to $1.08 billion from $0.94 billion last year.
Deckers Outdoor Corp earnings at a glance:
-Earnings (Q3): $263.20 Mln. vs. $203.29 Mln. last year. -EPS (Q3): $8.99 vs. $7.14 last year. -Analysts Estimate: $7.07 -Revenue (Q3): $1.08 Bln vs. $0.94 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deckers Outdoor Corp (DECK) announced earnings for its third quarter that climbed from the same period last year. Deckers Outdoor Corp earnings at a glance: -Earnings (Q3): $263.20 Mln. Analysts had expected the company to earn $7.07 per share, according to figures compiled by Thomson Reuters.
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(RTTNews) - Deckers Outdoor Corp (DECK) announced earnings for its third quarter that climbed from the same period last year. Deckers Outdoor Corp earnings at a glance: -Earnings (Q3): $263.20 Mln. -Analysts Estimate: $7.07 -Revenue (Q3): $1.08 Bln vs. $0.94 Bln last year.
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(RTTNews) - Deckers Outdoor Corp (DECK) announced earnings for its third quarter that climbed from the same period last year. Deckers Outdoor Corp earnings at a glance: -Earnings (Q3): $263.20 Mln. This compares with $203.29 million, or $7.14 per share, in last year's third quarter.
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(RTTNews) - Deckers Outdoor Corp (DECK) announced earnings for its third quarter that climbed from the same period last year. Deckers Outdoor Corp earnings at a glance: -Earnings (Q3): $263.20 Mln. This compares with $203.29 million, or $7.14 per share, in last year's third quarter.
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a3812fb5-d395-4ecf-bbea-0185aa4773ee
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724122.0
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2021-02-04 00:00:00 UTC
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IWO, RARE, DECK, NTRA: Large Outflows Detected at ETF
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DECK
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https://www.nasdaq.com/articles/iwo-rare-deck-ntra%3A-large-outflows-detected-at-etf-2021-02-04
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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 $110.2 million dollar outflow -- that's a 0.9% decrease week over week (from 40,850,000 to 40,500,000). Among the largest underlying components of IWO, in trading today Ultragenyx Pharmaceutical Inc (Symbol: RARE) is up about 1%, Deckers Outdoor Corp. (Symbol: DECK) is up about 1.8%, and Natera Inc (Symbol: NTRA) is higher by about 2.2%. 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 $129.54 per share, with $320.14 as the 52 week high point — that compares with a last trade of $317.97. 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 Ultragenyx Pharmaceutical Inc (Symbol: RARE) is up about 1%, Deckers Outdoor Corp. (Symbol: DECK) is up about 1.8%, and Natera Inc (Symbol: NTRA) is higher by about 2.2%. 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 $129.54 per share, with $320.14 as the 52 week high point — that compares with a last trade of $317.97. 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 Ultragenyx Pharmaceutical Inc (Symbol: RARE) is up about 1%, Deckers Outdoor Corp. (Symbol: DECK) is up about 1.8%, and Natera Inc (Symbol: NTRA) is higher by about 2.2%. 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 $129.54 per share, with $320.14 as the 52 week high point — that compares with a last trade of $317.97. 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 Ultragenyx Pharmaceutical Inc (Symbol: RARE) is up about 1%, Deckers Outdoor Corp. (Symbol: DECK) is up about 1.8%, and Natera Inc (Symbol: NTRA) is higher by about 2.2%. 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 $110.2 million dollar outflow -- that's a 0.9% decrease week over week (from 40,850,000 to 40,500,000). 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 $129.54 per share, with $320.14 as the 52 week high point — that compares with a last trade of $317.97.
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Among the largest underlying components of IWO, in trading today Ultragenyx Pharmaceutical Inc (Symbol: RARE) is up about 1%, Deckers Outdoor Corp. (Symbol: DECK) is up about 1.8%, and Natera Inc (Symbol: NTRA) is higher by about 2.2%. 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 $110.2 million dollar outflow -- that's a 0.9% decrease week over week (from 40,850,000 to 40,500,000). 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 $129.54 per share, with $320.14 as the 52 week high point — that compares with a last trade of $317.97.
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0290fe75-11b0-4b3a-81a0-500226bb52ce
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724123.0
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2021-01-31 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On David Dreman - 1/31/2021
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-david-dreman-1-31-2021-2021-01-31
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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 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.
MERITOR INC (MTOR) is a small-cap value stock in the Auto & Truck Parts 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: Meritor, Inc. is a supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. The Company's segments include Commercial Truck & Industrial and Aftermarket & Trailer. The Commercial Truck & Industrial segment supplies drivetrain systems and components, including axles, drivelines and braking and suspension systems, for medium- and heavy-duty trucks, off-highway, military, construction, bus and coach, fire and emergency and other applications in North America, South America, Europe and Asia Pacific. The Commercial Truck & Industrial segment also includes the Company's aftermarket businesses in Asia Pacific and South America. The Aftermarket & Trailer segment supplies axles, brakes, drivelines, suspension parts and other replacement and remanufactured parts to commercial vehicle aftermarket customers in North America and Europe.
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: 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: PASS
PAYOUT RATIO: PASS
RETURN ON EQUITY: PASS
PRE-TAX PROFIT MARGINS: PASS
YIELD: FAIL
LOOK AT THE TOTAL DEBT/EQUITY: FAIL
Detailed Analysis of MERITOR INC
Full Guru Analysis for MTOR>
Full Factor Report for MTOR>
DECKERS OUTDOOR CORP (DECK) is a mid-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 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.
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>
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 engaged in the manufacturing, sale and service of ride dynamics products. The Company's products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles. The Company's brands include FOX, FOX RACING SHOX and RACE FACE. The Company's products include 34 Factory Series FLOAT FIT4, which provides external adjustability with its fourth-generation FOX Isolated Technology and closed-cartridge damper, and includes a self-adjusting negative chamber air spring; X2 technology, utilized in its Factory Series FLOAT and DH rear shocks; PODIUM Internal Bypass, and X2 technology utilized in its 2.5 PODIUM shocks for side-by-sides that feature high and low speed rebound adjustment, high and low speed compression adjustment, and a dual-rate spring for the rear shocks.
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>
YETI HOLDINGS INC (YETI) is a mid-cap growth stock in the Recreational Products 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: YETI Holdings, Inc. (YETI) is a designer, marketer and distributor of products for the outdoor and recreation market. The Company's product portfolio includes three categories: Coolers & Equipment, Drinkware and Other. The Company's Coolers & Equipment category consists of hard coolers, soft coolers, and associated accessories. Its Tundra hard coolers, designed to perform in hunting and fishing environments, are also used in boating, whitewater rafting, camping, barbecuing, tailgating, farming and ranching activities. The Company's Hopper coolers are designed to provide ice retention. The Rambler stainless steel Drinkware family includes the collection of YETI products that fit in cup holders and the palms of consumers' hands. The Other category of the Company offers an array of YETI branded gear, which includes YETI hats, shirts, bottle openers and ice substitutes. The Company's products are sold under the YETI 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.
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 YETI HOLDINGS INC
Full Guru Analysis for YETI>
Full Factor Report for YETI>
GENERAL MOTORS COMPANY (GM) is a large-cap growth stock in the Auto & Truck Manufacturers industry. The rating according to our strategy based on David Dreman is 61% 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: General Motors Co designs, builds and sells trucks, crossovers, cars and automobile parts worldwide. The Company also provides automotive financing services through General Motors Financial Company, Inc. (GM Financial). GM North America (GMNA) and GM International (GMI) are its automotive segments. GMNA and GMI are meeting the demands of customers with vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet and GMC and Holden brands. Its brands offer luxury cars, crossovers, sport utility vehicles (SUVs) and sedans. The Company's Car-and Ride-Sharing Maven is a shared vehicle marketplace. Through its subsidiary, OnStar, LLC (OnStar), it provides connected safety, security and mobility solutions for retail and fleet customers. GM Cruise is its global segment engaged in the development and commercialization of autonomous vehicle technology.
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: 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: FAIL
RETURN ON EQUITY: FAIL
PRE-TAX PROFIT MARGINS: FAIL
YIELD: FAIL
LOOK AT THE TOTAL DEBT/EQUITY: FAIL
Detailed Analysis of GENERAL MOTORS COMPANY
Full Guru Analysis for GM>
Full Factor Report for GM>
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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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 MERITOR INC Full Guru Analysis for MTOR> Full Factor Report for MTOR> 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> FOX FACTORY HOLDING CORP (FOXF) is a mid-cap growth stock in the Auto & Truck Parts industry.
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Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> FOX FACTORY HOLDING CORP (FOXF) is a mid-cap growth stock in the Auto & Truck Parts industry. Detailed Analysis of MERITOR INC Full Guru Analysis for MTOR> Full Factor Report for MTOR> 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 MERITOR INC Full Guru Analysis for MTOR> Full Factor Report for MTOR> 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> FOX FACTORY HOLDING CORP (FOXF) is a mid-cap growth stock in the Auto & Truck Parts industry.
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Detailed Analysis of MERITOR INC Full Guru Analysis for MTOR> Full Factor Report for MTOR> 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> FOX FACTORY HOLDING CORP (FOXF) is a mid-cap growth stock in the Auto & Truck Parts industry.
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3592d7fe-116d-45a5-acbc-c8ed5abffb8b
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724124.0
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2021-01-31 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Motley Fool - 1/31/2021
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-motley-fool-1-31-2021-2021-01-31
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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.
JOHNSON OUTDOORS INC. (JOUT) is a small-cap growth stock in the Recreational Products 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: Johnson Outdoors Inc. is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment's brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment's brands are Eureka!, Jetboil and Silva. Its Watercraft segment designs and markets Necky sea touring kayaks; sit on top Ocean Kayaks, and Old Town canoes and kayaks for family recreation, touring, angling and tripping. The Company manufactures and markets underwater diving products for recreational divers, which it sells and distributes under the SCUBAPRO brand name. It markets a line of underwater diving and snorkeling equipment, including regulators, buoyancy compensators, dive computers and gauges, wetsuits, masks, fins, snorkels and accessories. The Company's products are used for fishing from a boat, diving, paddling, hiking and camping.
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: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: PASS
Detailed Analysis of JOHNSON OUTDOORS INC.
Full Guru Analysis for JOUT>
Full Factor Report for JOUT>
LAKELAND INDUSTRIES, INC. (LAKE) is a small-cap value stock in the Apparel/Accessories 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: Lakeland Industries, Inc. (Lakeland) manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Company's product categories include limited use/disposable protective clothing; high-end chemical protective suits; firefighting, flame resistant personal protective equipment (FR PPE) and heat protective apparel; reusable woven garments; high visibility clothing, and glove and sleeves. The Company's products are sold by its in-house customer service group, its regional sales managers and independent sales representatives to a network of over 1,600 North American safety and mill supply distributors. These distributors in turn supply end user industrial customers, such as integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, mortuaries and high technology electronics manufacturers, as well as scientific and medical laboratories.
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: PASS
"THE FOOL RATIO" (P/E TO GROWTH): FAIL
AVERAGE SHARES OUTSTANDING: PASS
SALES: PASS
DAILY DOLLAR VOLUME: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: PASS
Detailed Analysis of LAKELAND INDUSTRIES, INC.
Full Guru Analysis for LAKE>
Full Factor Report for LAKE>
NIU TECHNOLOGIES - ADR (NIU) is a mid-cap growth stock in the Recreational Products 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: Niu Technologies is a provider of smart urban mobility solutions. The Company is engaged in the design, manufacture and sales of smart e-scooters. The Company's products consist of three series, N, M and U, with multiple models or specifications for each series. Its NIU application synchronizes with the smart e-scooters and communicates with its cloud system. The Company enables users to receive real-time information relating to their smart e-scooters through its application.
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: 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 NIU TECHNOLOGIES - ADR
Full Guru Analysis for NIU>
Full Factor Report for NIU>
DECKERS OUTDOOR CORP (DECK) is a mid-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 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: 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 and sells electric vehicles and designs, manufactures, installs and sells solar energy generation and energy storage 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 generation 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. Its energy storage products include Powerwall and Powerpack.
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: 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>
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 NIU TECHNOLOGIES - ADR Full Guru Analysis for NIU> Full Factor Report for NIU> 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> TESLA INC (TSLA) is a large-cap growth stock in the Auto & Truck Manufacturers industry.
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Detailed Analysis of NIU TECHNOLOGIES - ADR Full Guru Analysis for NIU> Full Factor Report for NIU> 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> TESLA INC (TSLA) is a large-cap growth stock in the Auto & Truck Manufacturers industry.
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Detailed Analysis of NIU TECHNOLOGIES - ADR Full Guru Analysis for NIU> Full Factor Report for NIU> 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> TESLA INC (TSLA) is a large-cap growth stock in the Auto & Truck Manufacturers industry.
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Detailed Analysis of NIU TECHNOLOGIES - ADR Full Guru Analysis for NIU> Full Factor Report for NIU> 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> TESLA INC (TSLA) is a large-cap growth stock in the Auto & Truck Manufacturers industry.
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f9ff19d8-7acc-4a7b-a82d-a250cf8758e5
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724125.0
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2021-01-26 00:00:00 UTC
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Noteworthy ETF Outflows: IWO, MRTX, DECK, NTRA
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DECK
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https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-iwo-mrtx-deck-ntra-2021-01-26
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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 $79.0 million dollar outflow -- that's a 0.6% decrease week over week (from 41,100,000 to 40,850,000). Among the largest underlying components of IWO, in trading today Mirati Therapeutics Inc (Symbol: MRTX) is off about 0.3%, Deckers Outdoor Corp. (Symbol: DECK) is down about 2%, and Natera Inc (Symbol: NTRA) is lower by about 1.7%. 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 $129.54 per share, with $320.14 as the 52 week high point — that compares with a last trade of $316.25. 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 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 Mirati Therapeutics Inc (Symbol: MRTX) is off about 0.3%, Deckers Outdoor Corp. (Symbol: DECK) is down about 2%, and Natera Inc (Symbol: NTRA) is lower by about 1.7%. 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 $129.54 per share, with $320.14 as the 52 week high point — that compares with a last trade of $316.25. 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 Mirati Therapeutics Inc (Symbol: MRTX) is off about 0.3%, Deckers Outdoor Corp. (Symbol: DECK) is down about 2%, and Natera Inc (Symbol: NTRA) is lower by about 1.7%. 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 $129.54 per share, with $320.14 as the 52 week high point — that compares with a last trade of $316.25. 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 Mirati Therapeutics Inc (Symbol: MRTX) is off about 0.3%, Deckers Outdoor Corp. (Symbol: DECK) is down about 2%, and Natera Inc (Symbol: NTRA) is lower by about 1.7%. 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 $79.0 million dollar outflow -- that's a 0.6% decrease week over week (from 41,100,000 to 40,850,000). 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 $129.54 per share, with $320.14 as the 52 week high point — that compares with a last trade of $316.25.
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Among the largest underlying components of IWO, in trading today Mirati Therapeutics Inc (Symbol: MRTX) is off about 0.3%, Deckers Outdoor Corp. (Symbol: DECK) is down about 2%, and Natera Inc (Symbol: NTRA) is lower by about 1.7%. 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 $79.0 million dollar outflow -- that's a 0.6% decrease week over week (from 41,100,000 to 40,850,000). 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 $129.54 per share, with $320.14 as the 52 week high point — that compares with a last trade of $316.25.
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7b3378e5-8346-4f83-b92c-3e0f8c96e50e
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724126.0
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2021-01-07 00:00:00 UTC
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Strange: Bullish DECK Analysts Actually See -10.05% Downside
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DECK
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https://www.nasdaq.com/articles/strange%3A-bullish-deck-analysts-actually-see-10.05-downside-2021-01-07
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nan
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nan
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Analyst ratings can sometimes be complicated, and we here at ETF Channel have noticed a bit of a paradox with Deckers Outdoor Corp. (Symbol: DECK). The average 12-month price target for DECK — averaging the work of 13 analysts — reveals an average price target of $282.85/share. That's a whopping -10.05% below where DECK has been trading recently at $314.45/share. With this kind of downside potential (should DECK fall to that price target), one might expect to see a high concentration of "hold" or even "sell" ratings on the stock. Yet, take a look at the bullishness:
RECENT DECK ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 13 14 14 13
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 table above is from 1 to 5, where 1 would be a consensus Strong Buy and 5 would be a consensus Strong Sell. In the middle, 3 would be a Hold. So anything below 3 leans toward Buy as the average analyst sentiment. The average rating of 1.0 for DECK leans strongly towards the bullish end of the spectrum, yet the DECK price target paints a different picture. Clearly, there is something more to the story here that is worth investigating for investors looking at Deckers Outdoor Corp. Of course, the average price target is just that — a mathematical average, and is only one metric. There are analysts with higher targets than the average, including one looking for a price of $346.00. And then on the other side of the spectrum one analyst has a target as low as $175.00. The standard deviation is $62.753.
But the whole reason to look at the average 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 — much like with guessing the number of jelly beans in a jar, where the average guess tends to be very close. And so with DECK trading so far above that average target price of $282.85/share, the -10.05% downside to that average target does seem to be a paradox against the bullish analyst ratings. Might analysts be behind the curve with their targets and upward adjustments are forthcoming? Or, is it time for some of these analysts to turn bearish and downgrade on valuation? One thing is for sure: this apparent paradox makes for a good "signal" to investors in DECK to spend fresh time assessing the company and deciding whether analysts have it right with their sentiment, or have it right with their price target for Deckers Outdoor Corp. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on DECK — FREE.
The Top 25 Broker Analyst Picks of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Analyst ratings can sometimes be complicated, and we here at ETF Channel have noticed a bit of a paradox with Deckers Outdoor Corp. (Symbol: DECK). With this kind of downside potential (should DECK fall to that price target), one might expect to see a high concentration of "hold" or even "sell" ratings on the stock. One thing is for sure: this apparent paradox makes for a good "signal" to investors in DECK to spend fresh time assessing the company and deciding whether analysts have it right with their sentiment, or have it right with their price target for Deckers Outdoor Corp.
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The average 12-month price target for DECK — averaging the work of 13 analysts — reveals an average price target of $282.85/share. The average rating of 1.0 for DECK leans strongly towards the bullish end of the spectrum, yet the DECK price target paints a different picture. Analyst ratings can sometimes be complicated, and we here at ETF Channel have noticed a bit of a paradox with Deckers Outdoor Corp. (Symbol: DECK).
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The average 12-month price target for DECK — averaging the work of 13 analysts — reveals an average price target of $282.85/share. And so with DECK trading so far above that average target price of $282.85/share, the -10.05% downside to that average target does seem to be a paradox against the bullish analyst ratings. Analyst ratings can sometimes be complicated, and we here at ETF Channel have noticed a bit of a paradox with Deckers Outdoor Corp. (Symbol: DECK).
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With this kind of downside potential (should DECK fall to that price target), one might expect to see a high concentration of "hold" or even "sell" ratings on the stock. The average rating of 1.0 for DECK leans strongly towards the bullish end of the spectrum, yet the DECK price target paints a different picture. And so with DECK trading so far above that average target price of $282.85/share, the -10.05% downside to that average target does seem to be a paradox against the bullish analyst ratings.
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5bb43f47-6e13-408c-b012-1ddf0c5cd5dd
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724127.0
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2021-01-07 00:00:00 UTC
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Why Shares of Deckers Outdoor Jumped 12.6% in December
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DECK
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https://www.nasdaq.com/articles/why-shares-of-deckers-outdoor-jumped-12.6-in-december-2021-01-07
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nan
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nan
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What happened
Shares of Deckers Outdoor (NYSE: DECK) rose 12.6% in December, according to data provided by S&P Global Market Intelligence, but it was part of a larger rally in its stock that began back in May 2020.
So what
Although retail was decimated by the COVID-19 pandemic, consumers chose to spend more time doing things outdoors. Healthy leisure activities became the norm for many, and that sparked sales of Deckers products, particularly its Hoka One One brand of running shoes.
Hoka One One running shoes. Image source: Deckers Outdoor.
While Ugg footwear remains the apparel company's biggest brand, in Deckers' fiscal 2021 second quarter, which ended in September, it was Hoka One One that saw sales run 83% higher for the period, an acceleration from the 37% gain it saw in the fiscal first quarter.
CEO Dave Powers said, "Our brands are operating from a position of strength, and while we continue to navigate the challenges of a global pandemic, the demand for our brands combined with our strong operating model and healthy balance sheet leave Deckers well positioned for the long-term."
DECK data by YCharts.
Now what
Apparel companies have been one of the worst-hit sectors of the economy during the coronavirus outbreak. According to spending patterns analyzed by cash-back app Ibotta, apparel purchases during the pandemic plunged 37%, suggesting that because Deckers Outdoor was able to see such phenomenal growth nonetheless, it should be well positioned for the coming year.
10 stocks we like better than Deckers Outdoor
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David and Tom 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.
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Rich Duprey 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 Outdoor (NYSE: DECK) rose 12.6% in December, according to data provided by S&P Global Market Intelligence, but it was part of a larger rally in its stock that began back in May 2020. Healthy leisure activities became the norm for many, and that sparked sales of Deckers products, particularly its Hoka One One brand of running shoes. According to spending patterns analyzed by cash-back app Ibotta, apparel purchases during the pandemic plunged 37%, suggesting that because Deckers Outdoor was able to see such phenomenal growth nonetheless, it should be well positioned for the coming year.
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While Ugg footwear remains the apparel company's biggest brand, in Deckers' fiscal 2021 second quarter, which ended in September, it was Hoka One One that saw sales run 83% higher for the period, an acceleration from the 37% gain it saw in the fiscal first quarter. What happened Shares of Deckers Outdoor (NYSE: DECK) rose 12.6% in December, according to data provided by S&P Global Market Intelligence, but it was part of a larger rally in its stock that began back in May 2020. Healthy leisure activities became the norm for many, and that sparked sales of Deckers products, particularly its Hoka One One brand of running shoes.
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What happened Shares of Deckers Outdoor (NYSE: DECK) rose 12.6% in December, according to data provided by S&P Global Market Intelligence, but it was part of a larger rally in its stock that began back in May 2020. 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Healthy leisure activities became the norm for many, and that sparked sales of Deckers products, particularly its Hoka One One brand of running shoes.
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Healthy leisure activities became the norm for many, and that sparked sales of Deckers products, particularly its Hoka One One brand of running shoes. What happened Shares of Deckers Outdoor (NYSE: DECK) rose 12.6% in December, according to data provided by S&P Global Market Intelligence, but it was part of a larger rally in its stock that began back in May 2020. Image source: Deckers Outdoor.
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5f218dc2-284d-4cfc-b571-62e673e6ae36
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724128.0
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2020-12-27 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On David Dreman - 12/27/2020
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-david-dreman-12-27-2020-2020-12-27
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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 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.
MERITOR INC (MTOR) is a mid-cap value stock in the Auto & Truck Parts 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: Meritor, Inc. is a supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. The Company's segments include Commercial Truck & Industrial and Aftermarket & Trailer. The Commercial Truck & Industrial segment supplies drivetrain systems and components, including axles, drivelines and braking and suspension systems, for medium- and heavy-duty trucks, off-highway, military, construction, bus and coach, fire and emergency and other applications in North America, South America, Europe and Asia Pacific. The Commercial Truck & Industrial segment also includes the Company's aftermarket businesses in Asia Pacific and South America. The Aftermarket & Trailer segment supplies axles, brakes, drivelines, suspension parts and other replacement and remanufactured parts to commercial vehicle aftermarket customers in North America and Europe.
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: 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: PASS
PAYOUT RATIO: PASS
RETURN ON EQUITY: PASS
PRE-TAX PROFIT MARGINS: PASS
YIELD: FAIL
LOOK AT THE TOTAL DEBT/EQUITY: FAIL
Detailed Analysis of MERITOR INC
Full Guru Analysis for MTOR>
Full Factor Report for MTOR>
DECKERS OUTDOOR CORP (DECK) is a mid-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 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.
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>
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 engaged in the manufacturing, sale and service of ride dynamics products. The Company's products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles. The Company's brands include FOX, FOX RACING SHOX and RACE FACE. The Company's products include 34 Factory Series FLOAT FIT4, which provides external adjustability with its fourth-generation FOX Isolated Technology and closed-cartridge damper, and includes a self-adjusting negative chamber air spring; X2 technology, utilized in its Factory Series FLOAT and DH rear shocks; PODIUM Internal Bypass, and X2 technology utilized in its 2.5 PODIUM shocks for side-by-sides that feature high and low speed rebound adjustment, high and low speed compression adjustment, and a dual-rate spring for the rear shocks.
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>
YETI HOLDINGS INC (YETI) is a mid-cap growth stock in the Recreational Products 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: YETI Holdings, Inc. (YETI) is a designer, marketer and distributor of products for the outdoor and recreation market. The Company's product portfolio includes three categories: Coolers & Equipment, Drinkware and Other. The Company's Coolers & Equipment category consists of hard coolers, soft coolers, and associated accessories. Its Tundra hard coolers, designed to perform in hunting and fishing environments, are also used in boating, whitewater rafting, camping, barbecuing, tailgating, farming and ranching activities. The Company's Hopper coolers are designed to provide ice retention. The Rambler stainless steel Drinkware family includes the collection of YETI products that fit in cup holders and the palms of consumers' hands. The Other category of the Company offers an array of YETI branded gear, which includes YETI hats, shirts, bottle openers and ice substitutes. The Company's products are sold under the YETI 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.
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 YETI HOLDINGS INC
Full Guru Analysis for YETI>
Full Factor Report for YETI>
GENERAL MOTORS COMPANY (GM) is a large-cap growth stock in the Auto & Truck Manufacturers industry. The rating according to our strategy based on David Dreman is 61% 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: General Motors Co designs, builds and sells trucks, crossovers, cars and automobile parts worldwide. The Company also provides automotive financing services through General Motors Financial Company, Inc. (GM Financial). GM North America (GMNA) and GM International (GMI) are its automotive segments. GMNA and GMI are meeting the demands of customers with vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet and GMC and Holden brands. Its brands offer luxury cars, crossovers, sport utility vehicles (SUVs) and sedans. The Company's Car-and Ride-Sharing Maven is a shared vehicle marketplace. Through its subsidiary, OnStar, LLC (OnStar), it provides connected safety, security and mobility solutions for retail and fleet customers. GM Cruise is its global segment engaged in the development and commercialization of autonomous vehicle technology.
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: 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: FAIL
RETURN ON EQUITY: FAIL
PRE-TAX PROFIT MARGINS: FAIL
YIELD: FAIL
LOOK AT THE TOTAL DEBT/EQUITY: FAIL
Detailed Analysis of GENERAL MOTORS COMPANY
Full Guru Analysis for GM>
Full Factor Report for GM>
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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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 MERITOR INC Full Guru Analysis for MTOR> Full Factor Report for MTOR> 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> FOX FACTORY HOLDING CORP (FOXF) is a mid-cap growth stock in the Auto & Truck Parts industry.
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Detailed Analysis of DECKERS OUTDOOR CORP Full Guru Analysis for DECK> Full Factor Report for DECK> FOX FACTORY HOLDING CORP (FOXF) is a mid-cap growth stock in the Auto & Truck Parts industry. Detailed Analysis of MERITOR INC Full Guru Analysis for MTOR> Full Factor Report for MTOR> 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 MERITOR INC Full Guru Analysis for MTOR> Full Factor Report for MTOR> 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> FOX FACTORY HOLDING CORP (FOXF) is a mid-cap growth stock in the Auto & Truck Parts industry.
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Detailed Analysis of MERITOR INC Full Guru Analysis for MTOR> Full Factor Report for MTOR> 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> FOX FACTORY HOLDING CORP (FOXF) is a mid-cap growth stock in the Auto & Truck Parts industry.
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fb7517ad-f01a-4692-8696-f49721829103
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724129.0
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2020-12-04 00:00:00 UTC
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IWO, MRTX, PLUG, DECK: ETF Outflow Alert
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DECK
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https://www.nasdaq.com/articles/iwo-mrtx-plug-deck%3A-etf-outflow-alert-2020-12-04
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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 $52.8 million dollar outflow -- that's a 0.5% decrease week over week (from 41,650,000 to 41,450,000). Among the largest underlying components of IWO, in trading today Mirati Therapeutics Inc (Symbol: MRTX) is up about 1.2%, Plug Power Inc (Symbol: PLUG) is up about 3.1%, and Deckers Outdoor Corp. (Symbol: DECK) is higher by about 0.5%. 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 $129.54 per share, with $266.495 as the 52 week high point — that compares with a last trade of $266.31. 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 Mirati Therapeutics Inc (Symbol: MRTX) is up about 1.2%, Plug Power Inc (Symbol: PLUG) is up about 3.1%, and Deckers Outdoor Corp. (Symbol: DECK) is higher by about 0.5%. 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 $129.54 per share, with $266.495 as the 52 week high point — that compares with a last trade of $266.31. 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 Mirati Therapeutics Inc (Symbol: MRTX) is up about 1.2%, Plug Power Inc (Symbol: PLUG) is up about 3.1%, and Deckers Outdoor Corp. (Symbol: DECK) is higher by about 0.5%. 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 $129.54 per share, with $266.495 as the 52 week high point — that compares with a last trade of $266.31. 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 Mirati Therapeutics Inc (Symbol: MRTX) is up about 1.2%, Plug Power Inc (Symbol: PLUG) is up about 3.1%, and Deckers Outdoor Corp. (Symbol: DECK) is higher by about 0.5%. 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 $52.8 million dollar outflow -- that's a 0.5% decrease week over week (from 41,650,000 to 41,450,000). 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 $129.54 per share, with $266.495 as the 52 week high point — that compares with a last trade of $266.31.
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Among the largest underlying components of IWO, in trading today Mirati Therapeutics Inc (Symbol: MRTX) is up about 1.2%, Plug Power Inc (Symbol: PLUG) is up about 3.1%, and Deckers Outdoor Corp. (Symbol: DECK) is higher by about 0.5%. 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 $52.8 million dollar outflow -- that's a 0.5% decrease week over week (from 41,650,000 to 41,450,000). 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 $129.54 per share, with $266.495 as the 52 week high point — that compares with a last trade of $266.31.
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38b7bc54-c0f8-459c-829c-ec96c9b40321
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724130.0
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2020-12-01 00:00:00 UTC
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Deckers Outdoor Stock Still Attractive At $258?
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-stock-still-attractive-at-%24258-2020-12-01
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nan
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nan
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After almost a 54% increase in Deckers Outdoor Corp’s stock (NYSE: DECK) since the beginning of this year, at the current price of around $258 per share, we believe the footwear designer and distributor could still have a modest upside. Though an economic downturn has squeezed demand for lifestyle brands, Deckers Outdoor’s affordable products along with a liquidity position of approximately $1.1 billion (including $626.4 million in cash and equivalents, plus $462.6 million available under its existing revolving credit facilities) should help the company weather the Covid storm. Deckers’ running shoe brand Hoka delivered a strong 83% surge in revenues in Q2, after being the only brand in the company to record a boost in sales in Q1 as well. People have increasingly turned to the outdoors to stay active amid coronavirus-related restrictions and safety measures, benefiting the company’s sales. With the success of the Hoka brand and strong e-commerce sales, the company looks poised to see higher stock growth in the coming quarters. The company owns a portfolio of leading fashion lifestyle (Ugg, Koolaburra) and performance lifestyle brands (Hoka, Teva, and Sanuk).
Deckers’ stock has largely outperformed the broader markets between fiscal 2018 ( year ended March 2018) and now. The retailer’s stock is around 187% higher than it was at the end of fiscal 2018, compared to 38% growth in the S&P. Our dashboard, What Factors Drove 187% Change In Deckers Outdoor Stock Between Fiscal 2018 And Now?, provides the key numbers behind our thinking, and we explain more below.
DECK’s stock grew a solid 49% from around $90 in fiscal 2018 to $134 in fiscal 2020 – justified by the roughly 12% increase in the company’s revenues from $1.9 billion in FY 2018 to $2.1 billion in FY 2020. In addition, earnings growth, on a per-share basis, was higher by a large 170%. This was driven by a 690 bps net margins expansion from 6.0% to 12.9% and around 11% decline in shares outstanding during this period. It should be noted that Deckers underwent a restructuring back in February 2016 to improve gross margins, reduce the company’s overall cost structure, and to eliminate underperforming brands. These writedowns and impairments took a short-term toll on the company’s financials (dragging down the net income figure to only $5.7 million in FY 2017 from $122 million in FY 2016) but helped to streamline operations for future growth. Consequently, the net income margin improved from 0.3% in FY 2017 to 6.0% in FY 2018.
Finally, Deckers’ P/E ratio declined from about 25x at the end of FY 2018 to 14x at the end of FY 2020. While the company’s P/E is now around 26x, it could expand modestly going forward on the basis of its casual and active offerings.
How Is Coronavirus Impacting Deckers’ Stock?
After posting weak Q1 sales due to store closures, Deckers Outdoor reported strong Q2 results (quarter ended Sept 2020) as it seemed to gain from a recovery in apparel sales, digital growth, as well as a sector-wide trend toward comfort and athletic wear (which comprises most of what the company sells). In the fiscal first half of 2021, the company’s revenues grew by 11% year-over-year. In addition, Deckers’ gross margin rate improved 170 bps from 49.2% of sales during the same period last year to 50.9% this year. Operating income also improved by 84% year-over-year to $121 million in the fiscal first half. The company also saw a 74% spike in direct-to-consumer revenues to $171.9 million in Q2.
What if you’re looking for a more balanced portfolio instead? Here’s a high quality portfolio to beat the market, with over 100% return since 2016, versus 55% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.
See all Trefis Price Estimates and Download Trefis Data here
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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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After almost a 54% increase in Deckers Outdoor Corp’s stock (NYSE: DECK) since the beginning of this year, at the current price of around $258 per share, we believe the footwear designer and distributor could still have a modest upside. It should be noted that Deckers underwent a restructuring back in February 2016 to improve gross margins, reduce the company’s overall cost structure, and to eliminate underperforming brands. Though an economic downturn has squeezed demand for lifestyle brands, Deckers Outdoor’s affordable products along with a liquidity position of approximately $1.1 billion (including $626.4 million in cash and equivalents, plus $462.6 million available under its existing revolving credit facilities) should help the company weather the Covid storm.
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Deckers’ stock has largely outperformed the broader markets between fiscal 2018 ( year ended March 2018) and now. In addition, Deckers’ gross margin rate improved 170 bps from 49.2% of sales during the same period last year to 50.9% this year. After almost a 54% increase in Deckers Outdoor Corp’s stock (NYSE: DECK) since the beginning of this year, at the current price of around $258 per share, we believe the footwear designer and distributor could still have a modest upside.
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Though an economic downturn has squeezed demand for lifestyle brands, Deckers Outdoor’s affordable products along with a liquidity position of approximately $1.1 billion (including $626.4 million in cash and equivalents, plus $462.6 million available under its existing revolving credit facilities) should help the company weather the Covid storm. DECK’s stock grew a solid 49% from around $90 in fiscal 2018 to $134 in fiscal 2020 – justified by the roughly 12% increase in the company’s revenues from $1.9 billion in FY 2018 to $2.1 billion in FY 2020. After posting weak Q1 sales due to store closures, Deckers Outdoor reported strong Q2 results (quarter ended Sept 2020) as it seemed to gain from a recovery in apparel sales, digital growth, as well as a sector-wide trend toward comfort and athletic wear (which comprises most of what the company sells).
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Deckers’ stock has largely outperformed the broader markets between fiscal 2018 ( year ended March 2018) and now. In addition, Deckers’ gross margin rate improved 170 bps from 49.2% of sales during the same period last year to 50.9% this year. After almost a 54% increase in Deckers Outdoor Corp’s stock (NYSE: DECK) since the beginning of this year, at the current price of around $258 per share, we believe the footwear designer and distributor could still have a modest upside.
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4a8895ef-69f6-45f1-93d0-2f2fbe54f7fb
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724131.0
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2020-11-04 00:00:00 UTC
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Why Deckers Outdoor Stock Gained 15% in October
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DECK
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https://www.nasdaq.com/articles/why-deckers-outdoor-stock-gained-15-in-october-2020-11-05
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nan
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nan
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What happened
Shares of Deckers Outdoor (NYSE: DECK), the maker of footwear like Uggs and Hoka One One, saw solid gains last month as the company benefited from a number of bullish analyst notes and posted strong second-quarter results. The company also seemed to gain from a recovery in apparel sales, as well as a sector-wide trend toward comfort and athletic wear, which comprise most of what the company sells.
According to data from S&P Global Market Intelligence, the stock finished last month up 15%. As you can see from the chart below, Deckers racked up gains over the first half of the month.
DECK data by YCharts
So what
Deckers kicked off October with strong momentum from a surge at the end of September, though no specific news drove the gains. However, a jump in Crocs shares after the announcement of a new partnership with Justin Bieber may have lifted Deckers. Some investors see the two companies as peers in the current pandemic-driven environment.
Image source: Deckers.
The Uggs maker got some bullish analyst attention on Oct. 12 when Exane BNP Paribas raised its rating from neutral to outperform and gave it a price target of $295. The following week, several analysts raised their price targets on the stock, portending well for its earnings report in the last week of October.
Indeed, Deckers delivered strong results. Revenue rose 15% to $623.5 million, beating estimates at $553.6 million, as sales of Hoka One One, its second-biggest brand, nearly doubled in the period. Direct-to-consumer sales increased 74%, and bottom-line results were impressive as well -- earnings per share jumped 32% to $3.58, crushing expectations at $2.63.
CEO Dave Powers said, "Our brands are operating from a position of strength, and while we continue to navigate the challenges of a global pandemic, the demand for our brands combined with our strong operating model and healthy balance sheet leave Deckers well positioned for the long-term."
The stock actually fell modestly on the release, but that may be more of a reflection of the stock's gains rather than any specific problem in the report.
Now what
Deckers declined to offer guidance for the current quarter, but the results make clear that the company is one of the best positioned in the apparel sector to succeed during the pandemic -- especially due to the success of Hoka, its running shoe brand. Based on the breakout growth of that brand and strong performance on e-commerce, the stock could have more room to run.
10 stocks we like better than Deckers Outdoor
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Jeremy Bowman 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 Outdoor (NYSE: DECK), the maker of footwear like Uggs and Hoka One One, saw solid gains last month as the company benefited from a number of bullish analyst notes and posted strong second-quarter results. Now what Deckers declined to offer guidance for the current quarter, but the results make clear that the company is one of the best positioned in the apparel sector to succeed during the pandemic -- especially due to the success of Hoka, its running shoe brand. As you can see from the chart below, Deckers racked up gains over the first half of the month.
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What happened Shares of Deckers Outdoor (NYSE: DECK), the maker of footwear like Uggs and Hoka One One, saw solid gains last month as the company benefited from a number of bullish analyst notes and posted strong second-quarter results. As you can see from the chart below, Deckers racked up gains over the first half of the month. DECK data by YCharts So what Deckers kicked off October with strong momentum from a surge at the end of September, though no specific news drove the gains.
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What happened Shares of Deckers Outdoor (NYSE: DECK), the maker of footwear like Uggs and Hoka One One, saw solid gains last month as the company benefited from a number of bullish analyst notes and posted strong second-quarter results. 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. As you can see from the chart below, Deckers racked up gains over the first half of the month.
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What happened Shares of Deckers Outdoor (NYSE: DECK), the maker of footwear like Uggs and Hoka One One, saw solid gains last month as the company benefited from a number of bullish analyst notes and posted strong second-quarter results. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Deckers Outdoor wasn't one of them! As you can see from the chart below, Deckers racked up gains over the first half of the month.
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e37edbff-ef93-4a3f-bf84-3fef2d7abcee
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724132.0
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2020-11-01 00:00:00 UTC
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Deckers Outdoor Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corporation-just-beat-analyst-forecasts-and-analysts-have-been-updating
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nan
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nan
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A week ago, Deckers Outdoor Corporation (NYSE:DECK) came out with a strong set of quarterly numbers that could potentially lead to a re-rate of the stock. Deckers Outdoor delivered a significant beat to revenue and earnings per share (EPS) expectations, with sales hitting US$624m, some 12% above indicated. Statutory EPS were US$3.58, an impressive 33% ahead of forecasts. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Deckers Outdoor after the latest results.
NYSE:DECK Earnings and Revenue Growth November 1st 2020
Taking into account the latest results, the current consensus from Deckers Outdoor's 13 analysts is for revenues of US$2.28b in 2021, which would reflect a satisfactory 2.6% increase on its sales over the past 12 months. Statutory earnings per share are forecast to decrease 2.5% to US$10.84 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$2.18b and earnings per share (EPS) of US$9.88 in 2021. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings.
It will come as no surprise to learn that the analysts have increased their price target for Deckers Outdoor 14% to US$298on the back of these upgrades. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic Deckers Outdoor analyst has a price target of US$310 per share, while the most pessimistic values it at US$240. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Deckers Outdoor's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Deckers Outdoor's revenue growth will slow down substantially, with revenues next year expected to grow 2.6%, compared to a historical growth rate of 4.1% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 10% next year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Deckers Outdoor.
The Bottom Line
The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Deckers Outdoor following these results. Fortunately, they also upgraded their revenue estimates, although our data indicates sales are expected to perform worse than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Deckers Outdoor going out to 2025, and you can see them free on our platform here..
That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Deckers Outdoor , and understanding it should be part of your investment process.
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@simplywallst.com.
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A week ago, Deckers Outdoor Corporation (NYSE:DECK) came out with a strong set of quarterly numbers that could potentially lead to a re-rate of the stock. The Bottom Line The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Deckers Outdoor following these results. At Simply Wall St, we have a full range of analyst estimates for Deckers Outdoor going out to 2025, and you can see them free on our platform here.. That said, it's still necessary to consider the ever-present spectre of investment risk.
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NYSE:DECK Earnings and Revenue Growth November 1st 2020 Taking into account the latest results, the current consensus from Deckers Outdoor's 13 analysts is for revenues of US$2.28b in 2021, which would reflect a satisfactory 2.6% increase on its sales over the past 12 months. It's pretty clear that there is an expectation that Deckers Outdoor's revenue growth will slow down substantially, with revenues next year expected to grow 2.6%, compared to a historical growth rate of 4.1% over the past five years. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Deckers Outdoor.
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NYSE:DECK Earnings and Revenue Growth November 1st 2020 Taking into account the latest results, the current consensus from Deckers Outdoor's 13 analysts is for revenues of US$2.28b in 2021, which would reflect a satisfactory 2.6% increase on its sales over the past 12 months. It's pretty clear that there is an expectation that Deckers Outdoor's revenue growth will slow down substantially, with revenues next year expected to grow 2.6%, compared to a historical growth rate of 4.1% over the past five years. The Bottom Line The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Deckers Outdoor following these results.
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NYSE:DECK Earnings and Revenue Growth November 1st 2020 Taking into account the latest results, the current consensus from Deckers Outdoor's 13 analysts is for revenues of US$2.28b in 2021, which would reflect a satisfactory 2.6% increase on its sales over the past 12 months. The Bottom Line The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Deckers Outdoor following these results. At Simply Wall St, we have a full range of analyst estimates for Deckers Outdoor going out to 2025, and you can see them free on our platform here.. That said, it's still necessary to consider the ever-present spectre of investment risk.
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2020-10-30 00:00:00 UTC
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Deckers Outdoor Corp (DECK) Q2 2021 Earnings Call Transcript
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-deck-q2-2021-earnings-call-transcript-2020-10-30
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Image source: The Motley Fool.
Deckers Outdoor Corp (NYSE: DECK)
Q2 2021 Earnings Call
Oct 29, 2020, 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 2021 Earnings Conference Call. Following the presentation, we will conduct a question-and-answer session. Instructions will be provided at that time for you queue-up for questions. [Operator Instructions]
I would now like to turn the conference over to Erinn Kohler, VP of Investor Relations & Corporate Planning. Ms. Kohler, please go ahead.
Erinn Kohler -- Vice President of 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 the impact of COVID-19 on our business and operations, business partners and industry, changes in consumer behavior in the retail environment, strength of our brands and demand for our products, changes to our product allocation, distribution, and inventory management strategies, changes to our marketing plans and strategies, investments in 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 and 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 Report 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, Director
Thanks Erinn. Good afternoon, everyone and thank you for joining the call. On behalf of Deckers, I hope everyone is doing well and staying safe in this unprecedented time. Today we will walk through an exceptional second quarter performance for the Deckers organization and highlight continued considerations related to the uncertain environment created by the COVID-19 pandemic. Amidst rapidly evolving marketplace conditions, Deckers delivered a record second quarter as revenue increased by 15% versus last year to $624 million. Gross margin increased by 80 basis points to 51.2% and we delivered earnings per share of $3.58. Success in the quarter was driven by compelling and innovative product launches, our powerful e-commerce and digital marketing engines that drove higher awareness and customer acquisition, optimization and redeployment of marketing spend that featured in our authentic approach to storytelling, a clean and well managed marketplace that allowed for strategic account partnerships to amplify special product releases, and the ability of our supply chain to pivot resources and navigate challenges.
While the COVID-19 outbreak put a spotlight on our brands due to their lifestyle resonance, these results more importantly highlight the strength of our brands and the positive impacts we have experienced from the successful execution of our strategy over the past few years. As a reminder, the key elements for our strategy include generating greater awareness in HOKA ONE ONE to accelerate customer adoption globally, which was demonstrated by a 60% increase in brand revenue during the first half, driving DTC customer acquisition across all five of our brands with product and marketing tailored to the 18 to 34-year-old demographic, highlighted by 182% increase in these customers year-to-date in the U.S., continuing to build UGG brand heat [Phonetic] through diversification of product that resonates with target consumers leading to low-levels of promotional activity, while selling a more balanced product assortment, and maintaining a disciplined approach to financial management even as we continue to invest in this strategy.
The successful implementation of this strategy has led to the strong operating model and powerful brand portfolio we have today. With brands and products are resonating with a larger and more diverse audience, we're experiencing high conversion rates and strong selling at full retail price, which will set the stage for future growth. Our in-demand brands omnichannel capabilities and strategic expense management, combined with exceptional organizational execution drove another successful quarter for Deckers. I'd like to share my appreciation to our employees for their dedication and consistency in delivering results in these challenging times. I'll now walk through the brand highlights from the quarter starting with the Fashion Lifestyle Group. The Fashion Lifestyle Group consists of the UGG and KOOLABURRA brands. Global outperformance was driven by momentum behind a healthier and more balanced product assortment. Historically the second quarter had been driven by filling in classic UGG product to wholesale accounts. With the excitement the brand has built around Fluff, Men's and Kids product, UGG is succeeding beyond core product with both selling and high full price sell-through at wholesale and DTC.
Fluff is the paramount example of the progress UGG is making to attract a diverse set of consumers with a broad array of product options. The Fluff Yeah remained the brand's top-selling style from both the total peers' perspective, as well in terms of wholesale sell-through. But the UGG team has also done a fantastic job building around the Fluff Yeah with complementary product that is providing incremental growth. New introductions during the quarter included the Disco slide and Fluffita, which were both among the top-10 styles purchased by customers aged 18 to 34 years old. UGG is having tremendous success attracting new younger consumers. While Fluff product may have been the primary attraction to the brand for 18 to 34-year-olds, we're excited by how many of these customers who bought Fluff also purchased the recently launched Classic Clear Mini. Since its release over 60% of the Classic Clear Mini purchases online have been made by 18 to 34-year-olds. This multi category produced activity from younger consumers speaks well to the brand's ability to capture share of closet with fashion minded consumers. Helping to amplify these new product introductions with their intended audience, the UGG DTC team has collaborated with key wholesale partners to develop strategic launch plans for special products. During the quarter, these included teaming up exclusively with the Victoria's Secret Pink Ambassador program to release the Fluffita and launching the UGG brand's first ever ready-to-wear apparel collection in partnership with Nordstrom.
Ready-to-wear, which we sometimes refer to as RTW, is the UGG brand's first apparel expansion beyond loungewear an into street wear fashion. The RTW collection features cozy fleece, Sherpa [Phonetic], full fur and Sherling wardrobe items. Highlighting the strength of our brand, demand for our products, and quality of our partnerships, Nordstrom featured the RTW collection on their website landing page, which was the first time UGG earned that designation outside of the forward category. In addition, our ready-to-wear and retail teams have worked closely with Nordstrom to create a specialized shop-in-shop concept to feature the collection of both Nordstrom New York City flagship in December as well our own New York City flagship which opens on November 19. While ready-to-wear is not expected to drive significant revenue volume this year, sell-through has been impressive and we're encouraged to see cross category purchasing of ready-to-wear and footwear products. Given the positive response from primarily younger consumers, we feel this speaks well to the long-term lifestyle opportunity for UGG and our teams are already working to expand ready-to-wear with additional products and partners. Continuing the theme of UGG diversification and cross category purchasing, I'd highlight that men's and kids product contributed to the majority of the brand's incremental dollar growth in the quarter.
Men's has had a strong start to the fall season. Neumel sell-through is up over 150% versus last year and heritage slipper styles such as the Ascot, Tasman and Scuff remained top sellers. With the success of the fluff and the increased fashion ability of the slipper category, UGG is releasing a men's specific version of Fluff very soon, so be on the lookout for that. As mentioned on our first quarter call, the UGG kids business is benefiting from the successful takedown product in both women's and men's. The Neumel Fluff Yeah slide and the Classic Clear Mini were all part of the top-5 kids style in the quarter and we will look to further capitalize on this trend during holiday. From a regional standpoint, we continue to see bifurcation between the U.S. and international regions. Within the U.S. UGG brand heat is reaching new highs as the brand has increased customer acquisition by 187% and customer retention by 155% versus last year, with majority of the growth coming from younger customers. In fact, 18 to 34-year-olds represented 40% of online purchasers in the U.S. during the quarter as compared to under 30% last year. Complementing the UGG brand's direct to consumer success, our wholesale partners are also experiencing record levels of demand and product sell-through rates, which may lead to some scarcity in the third quarter as reduced inventory levels are consumed.
Internationally, as we have mentioned in previous calls, UGG remained in the midst of a multiyear reset in EMEA and the brand is also in the early stages of localizing marketing content for the Asia-Pacific region. In Europe we're seeing positive signs where the brand is beginning to experience adoption of Fluff product in addition to some small growth within men's and kids footwear. We are also intentionally reducing the amount of core classic product in the region, which remains a strategic headwind. These are important shifts as we work to rebuild brand heat and diversify the European region away from core product and build a healthier product mix, akin to the successful transition we have made in the U.S. Beyond building a more balanced assortment, UGG is working to amplify the EMEA region's business online. To help drive digital conversion in EMEA, we recently implemented our global E project, which improves customer access and ease of use by offering additional languages, currency, and local payment types. The launch of global E [Phonetic] combined with the introduction of UGG rewards in Europe is already helping attract new customers as UGG experienced a 135% increase in customer acquisition during the second quarter.
In the Asia Pacific region, we've made strides by partnering with top tier local celebrity, Xiao-Dong Yu, who carries fashion credibility with a fan base primarily aged 20 to 30 years old. We've also developed a market relevant product collaboration with designer Feng Chen Wang, famous for her deconstructive approach as featured in Vogue and GQ. These initiatives are aimed at improving brand perception with Chinese consumers and bringing attention to new products. We're encouraged by the region's positive reception to new products like the Classic Clear, Fluffita and Disco slide, but there is still plenty of work to be done to build brand E. We are optimistic about some early indicators in the UGG brands international business, revenue declined as expected for the first half of fiscal 2021, primarily due to efforts to reduce core product in the marketplace. While we don't anticipate meaningful improvement during this year of transition, UGG is making important progress and building a new foundation of diversified product acceptance, localized market relevance, and strategic partnerships, all designed to build a healthier brand with the ability to deliver growth over the long term. The UGG brand's domestic success is built on this model of fashion credibility through authentic collaborations, social influencers and PR seeding, and we believe this approach will translate well to our international markets. First half performance gives us the confidence that we're on the right path of exploiting the strategy, building toward next year and beyond.
Moving to Koolaburra, performance in the first quarter resulted from increased market share with top wholesale partners as well as improved category diversification through the expansion of men's and kids product. Last year Koolaburra established itself as the top brand in the sub $100 category which competes within the family value channel, and will look to maintain that position by building incremental market share this holiday season. While footwear remains the primary focus, Koolaburra continues to expand its lifestyle appeal. This fall the brand has partnered with Kohl's and QVC to develop a licensed loungewear collection, which comes on the heels of last year's successful collection of home licensed product. Both UGG and Koolaburra are well positioned to drive demand with their respective customer bases during this holiday season. However, I would like to remind everyone that we adjusted certain inventory buys at the outset of this year to mitigate the effects of COVID-19 in our business and this will limit the upside for both UGG and Koolaburra this holiday. However, if either brand fails to capture incremental upside due to these inventory constraints, we expect this will provide a clean marketplace for fiscal 2022
Shifting to the Performance Lifestyle Group, which is comprised of HOKA, Teva and Sunak. Starting with HOKA, performance was driven by increased adoption of our products through greater brand and product awareness, combined with compelling product refreshes, and a fast replenishment cycle. Among Deckers investments over the past few years, broadening the HOKA brands appeal beyond core runners has been a primary focus. Through market leading innovation, the HOKA team has refined products and expanded categories to attract a larger audience, while also maintaining the brand's authentic performance DNA. During the Quarter HOKA launched updates to several key franchises, each infused with both innovation and design upgrades, including the Clifton 7, Clifton Edge, Rincon 2, and the BONDI 7. Regarding the Clifton franchise, these styles have received considerable positive PR, which included features in Vogue, Gear Patrol and GQ, and SELF's 2020 Certified Sneakers Award. For the Rincon, originally introduced in July of 2019, the style has quickly become a top five seller for HOKA. The second edition of the Rincon has been so well received that it recently won Runner's World, Best Value Award, in their autumn, winter 2020 shoe guide. And lastly, in terms of notable product refreshes, the BONDI 7 hit shelves in September and features the brand's most inclusive size range, helping to expand the addressable consumer base for HOKA. Since its release online, the BONDI 7 has been the HOKA brand's top selling style. Propelled by these product updates and innovations HOKA domestic wholesale returned to deliver meaningful second quarter growth after the first quarter was disrupted by pandemic induced store closures.
As mentioned in our first quarter called, HOKA delayed certain product launches to allow wholesalers to move to existing product, which provided an extra benefit to the brand's second quarter wholesale revenue growth. According to the NPD Group's retail tracking service, HOKA was able to both grow dollar volume and increase market share from 16.8% in August to 20.5% in August 2020, even though overall dollar sales of adult running shoes in the U.S. run specialty channel declined in August 2020, as compared to last year. The premium service atmosphere of Run Specialty stores remains an important acquisition vehicle for the HOKA brand, especially when considering the higher conversion rates experienced when customers try on our products. Globally, HOKA customer acquisition and retention online increased 81% and 92% respectively, as compared to last year, even though most of the brand's wholesale doors were open during the quarter. Part of these increases were due to the whole marketing team's efforts to optimize digital media targeting to acquire 18 to 34-year-old consumers. By strategically prioritizing this audience, HOKA experienced a 124% increase of consumers aged 18 to 34, led by recently released styles such as the Clifton 7, Clifton Edge and Rincon 2. Importantly, HOKA is driving direct-to-consumer growth across the globe. While still very small as compared to the U.S., international HOKA DTC has increased more than 150% in the first half of this year. Growing the brand's global online business is especially important as the inability to hold in-person events persist. We're dedicating marketing spend to build a HOKA audience online and stay relevant with existing consumers, through compelling product innovation.
As we said in our first quarterearnings call the $500 million milestone for HOKA is much closer than we previously anticipated. And with the brand heat in demand we're experiencing right now, HOKA has potential to reach $500 million by fiscal year end. The rapid acceleration of HOKA reaffirms our confidence in the brand's aspirations to eclipse the $1 billion mark over the longer term. Turning to Teva, growth in the brand was fueled by a 78% increase in acquired customers online. Teva is turning out to be the go to brand for the modern outdoor consumer, highlighted by the brand's founding roots in the Grand Canyon. Year-to-date through September, Teva maintained its position as the top outdoor water sandal brand in the U.S. in terms of market share, increasing market share over the last year in each of the past nine months according to the NPD Group's retail tracking service. Younger consumers have been the driving force behind this growth in Teva and the brand has experienced a 76% year-over-year increase in purchasers aged 18 to 34 years old, which was already the brand's highest indexing age bracket. Looking to fall, Teva is focused on capturing continued wallet share from this demographic to the brand's expanded hike and camping collections. Teva is already experiencing a surge in demand for the brand's Ember [Phonetic] franchise, both online and with key wholesale partners such as REI, where product will be featured across all doors in their fleet. For Sanuk, brand performance was hurt by a soft department store channel. However, we were encouraged by the recovery within surf specialty as coastal towns saw an increased outdoor participation. Importantly, Sanuk posted a second consecutive quarter of robust direct to consumer growth, which was helped by a 40% increase in customer acquisition online. We are excited to receive feedback from the brand's online audience as Sanuk will be introducing new product innovations in the coming months.
With respect to channel performance in the second quarter, all five of our brands experienced exceptional growth online driving our mix of DTC revenue to increase from 18% last year to 28% this year. This is despite the significant improvements in our wholesale business and inclusive of the recovery efforts within our own retail stores, as compared to the disruption experienced in the first quarter. From a comparable sales perspective, direct-to-consumer increased 86% versus last year. Approximately 95% of our own retail stores were open for the entire second quarter and as of this week all stores are open. In total, global direct-to-consumer revenue increased 74% versus last year's second quarter. Performance was driven by continued customer acquisition online, and a sequential improvement in retail performance as compared to the first quarter. Global wholesale revenue in the second quarter increased 2%, as compared to last year. Growth in the quarter was primarily driven by HOKA, but mostly offset by a decline in UGG. The decline in UGG wholesale revenue differs from a regional standpoint, international UGG wholesale revenue declined due to the ongoing marketplace initiatives previously mentioned, while domestic UGG wholesale revenue decreased, as both pre recorders were conservatively adjusted at the height of the pandemic, and UGG has successfully shifted open a buy with retailers toward lower priced products such as slippers, Fluffs and kids footwear. The UGG wholesale revenue decline in the second quarter was somewhat tempered by our global effort to shift Q3 shipments forward, allowing our distribution center teams to focus on DTC fulfillment. To summarize, we are extremely pleased with our brands performance and operational execution in the second quarter. With the demand we're experiencing in our brands, we're anticipating operational challenges related to DC capacity, inventory, timing and availability, as well as third party shipping logistics that will limit the upside of our brands in the third quarter. Though less than ideal circumstances, I'm confident in our team's resilience and ability to manage the effects in our business, while protecting the sanctity of our strong brands.
I'll now hand the call over to Steve to provide more details on our second quarter financial performance, as well as some additional thoughts on managing the balance of fiscal 2021. Steve?
Steven J. Fasching -- Chief Financial Officer
Thanks, Dave, and good afternoon, everyone. Looking back at the past six months, we are proud of how our business has performed over the opening half of our fiscal year. In the midst of a global pandemic, while consumer behaviors are rapidly shifting with changing lifestyles, our brands and product offering have been placed in a unique position. And as demonstrated by our results, our product proposition is resonating with consumers, helping to drive an exceptional quarter. In particular, UGG has benefited from consumers working and learning from home, as the brand has been known to provide consumers with a feeling of comfort and security, and at the same time, HOKA benefited from its increasing awareness and positioning within the expanding active category. These trends helped drive attention to the work our brands are doing, and created awareness of our innovative line of products. While much of the current environment remains uncertain, we continue to focus on delivering great products that amplify our brands and meet consumer demands. Now for more detail on our second quarter results, revenue in the second quarter was $623.5 million, up 15% versus the prior year. Performances compared to last year was primarily driven by global HOKA growth of 83%, which experienced balanced gains across all regions and channels, but also benefited from first quarter product launches that were delayed to the second quarter and global UGG growth, which was up 3% versus the prior year to $415 million. This increase for the quarter was driven by robust global direct-to-consumer growth of 69% as well as approximately 25 to 30 million of earlier global shipment of product to wholesale and distributor accounts as we worked to decrease some of the logistical load on Q3. Although as expected, the overall wholesale UGG business experienced lower revenue for the quarter versus last year, as many wholesale partners planned more cautiously this year due to uncertainty at the onset of the pandemic, as well as the impact of our international reset.
Gross margins in the second quarter were up 80 basis points over last year to 51.2%. Gross margins increased due to favorable channel mixes, DTC increased as a proportion to the total business, favorable brand mix with the sizable increase in HOKA volume and benefits from favorable exchange rates. SG&A dollar spend was $190.4 million, up 8% from last year's $175.9 million. The increase was primarily driven by higher marketing and warehouse costs that were partially offset by savings from travel and retail expenses. This all resulted in an earnings per share of $3.58, which compares to $2.71 in last year's second quarter. The $0.87 improvement versus last year was primarily driven by a higher proportion of DTC and HOKA business with offsets from lower UGG wholesale revenue in greater marketing spend and warehouse costs. Our balance sheet remained strong and as of September 30, cash and equivalents were $626 million, up from $178 million at September 30 of last year. Inventory was down 13% to $484 million from $559 million at the same time last year. And we had $9 million in short term borrowing under our existing credit line as compared to $13 million last year. Our existing credit lines have an available balance of $463 million and during the quarter we did not repurchase any shares. During this period, we historically provide an update on our sheepskin pricing. We continue to see stable prices in the sheepskin market, and we expect no change in our sheepskin costs for fiscal 2022. Please note, this does not constitute gross margin guidance for next year, as our sheepskin costs are only one component of our gross margins.
As we've now completed the first half of fiscal 2021, we remain disciplined in our approach to planning the second half of the year as we are aware of the unique circumstances surrounding the upcoming holiday season. We are mindful of shipping constraints during the upcoming peak, including not only our own operations, but also the operations of third party shipping and logistics services that we utilize. The logistics infrastructure, both internal and external, will continue to be tested by current challenges paired with unknown pandemic developments, which could be significantly impacted by a second wave of the disease, or any impacts from government orders or restrictions. While remaining vigilant, we will tightly manage the business and drive opportunities where we see potential for success, all with our primary focus on the long-term health of our business, and a continuation of driving success through our strong brands and innovative product offering. Looking to the back half of fiscal 2021, we're conscious of the historical size and relevance that our third quarter represents to full year revenue and earnings. In a typical year, the three months representing our third quarter equates to more revenue than we've recognized over the first six months. This dynamic combined with the extraordinary circumstances of the pandemic place additional pressure on our third quarter this year, and may lead to reaching capacity thresholds that have yet to be experienced year-to-date. These capacity thresholds will be tested at our retail stores. Given that the October through December in store purchase volume typically represents two to three times the volume of any other three-month period.
Additionally, while we are comfortable with current inventory levels in a year where we tempered inventory buys at the outset to reduce risk, we may see demand outpace supply with certain product. In these cases, we will be challenged with meeting the in-season demand, but at the same time, it will continue to drive brand heat, encourage full price selling and result in a clean marketplace for the fourth quarter and beyond. With all that, said and given the continued uncertainty caused by the COVID-19 pandemic, we will once again not be providing specific guidance for fiscal year 2021 at this time. However, I will update some of the major themes of our business. For context, we observed complex pandemic impacts in the first half of the year, including some tailwinds from the acceleration of e-commerce, brand heat and attention resulting from changing consumer trends, extended consumer adoption of categories providing the unique comfort of UGG and heightened consumer awareness of HOKA. While we anticipate that some of these trends may continue to provide opportunities, they may be dampened by the headwinds yet to be experienced, that are particularly relevant during our peak season in the back half of the year. Specifically, pressure from shipping constraints with third party providers, higher costs associated with our own warehouse operations in the current environment, product scarcity on key styles that are selling faster than anticipated, and increased marketing cost to capitalize on the momentum of our brands and stay top of mind with consumers. With these considerations in mind, we are approaching the back half of fiscal 2021, with the possibility that UGG revenue may fall below last year levels if the brand is up against potential capacity constraints, some earlier shipments into Q2, retail traffic pressure and continued work with our international business reset.
And as Dave mentioned, we continue to see growth with HOKA, but at a lower rate than experienced in the first half, yet on the path to $500 million. And we anticipate higher expenses resulting from marketing spend to keep our brands top of mind, warehouse costs for safety measures and higher wages and increased IT expenses as we build out appropriate support systems for our accelerating e-commerce platform. Before I hand the call back to Dave, I would like to say how pleased we are with the results of our first half. As it gives us confidence that the organization can manage through the current near term challenges, while remaining committed to our long-term vision. Our brands are in a great place. The company is well positioned, and we are excited about the opportunities that lie ahead. Thanks, everyone.
And now I'll turn the call back to Dave for his closing remarks.
Dave Powers -- President and Chief Executive Officer, Director
Thanks, Steve. As I reflect on the unique first half, I'm proud of our organization's collaborative efforts to prioritize the consumer and deliver results. Our brand teams have done an excellent job delivering compelling and innovative products. Our omnichannel organization has been the engine driving product messaging, executing sales and providing analytics to inform future brand success, but paramount to the first task success this year has been our operations teams with heavy lifting being done by our product development teams, distribution center employees, customer service specialists, and all other individuals working throughout our supply chain. A huge thank you to every one of our employees for their continued execution of our strategies during these very challenging times. And along with performance, it is our organization's belief that we have a responsibility to continue to do business in the right way and Deckers continues to drive forward on ESG initiatives. I'm pleased to report that we've recently been recognized by Investor's Business Daily as the 15th ranked company in their top 50 best ESG companies list for 2020. This is an improvement from our number 20 ranking last year, and I note that we are the sole footwear or apparel company included in the top 50. To that end, I'm excited to share that our creating change FY '20 annual corporate responsibility report will be released tomorrow, highlighting the tremendous progress made by our global organization in FY '20. The report will be posted on our website and I encourage you to check it out.
On that note, and in the spirit of making a positive impact, earlier this month Deckers held its first ever Art Of Kindness Week, which was an organized effort to encourage employees across the globe to give back through volunteerism. Collectively, I'm proud to report that our team's contributed more than 2000 hours to assist over 200 organizations, ultimately reaching many individuals who need help in these trying times. To remain focused on these types of efforts in the midst of a pandemic, while driving business growth is a testament to Deckers values and approach. It is these values exemplified by our dedicated employees and top performing brands that just yesterday earned Deckers the honor of being named Footwear News Company of the Year for 2020. I'd like to thank and congratulate our employees on this well deserved achievement. In closing, I have a high degree of confidence in our strategy, portfolio of brands and top tier operating model to navigate through these short-term challenges while also investing in our digital transformation to support growth over the long-term. Thank you to our shareholders for your continued support.
With that, I'll turn the call back over to the operator for Q&A. Operator?
Questions and Answers:
Operator
Thank you. [Operator Instructions] The first question today comes from Camilo Lyon with BTIG. Please go ahead.
Camilo Lyon -- BTIG -- Analyst
Thanks. Good afternoon, guys and great job on the execution.
Dave Powers -- President and Chief Executive Officer, Director
Thank you, Camilo.
Camilo Lyon -- BTIG -- Analyst
I wanted to first ask about your relative inventory position. I think Steve, you said you feel comfortable with your inventory but demand trends could exceed supply. And you're noting that as a cautionary point to watch out for. I'm wondering what category specifically you're anticipating being under inventory then? And do you have the ability or have you tried shifting purchasing behavior or intent to comparable categories or skews that are in better stock, in a better stock position?
Steven J. Fasching -- Chief Financial Officer
Sure, Camilo. I'll go first and then maybe Dave can jump in. Absolutely kind of what you said we are taking a look at. So with inventory down 13% we are comfortable with where we have inventory. As I said, at the onset of the pandemic, we did make some strategic reductions in styles. What we've seen really over the course of the last six months is an acceleration on certain styles, specifically, kind of slipper/sandal categories, we've done very well. And as a result of that we have run short. Now, in the time since then, we have looked to bring more inventory in and we're in the process of doing that.
So, we intend to bring more inventory in this quarter, as well as Q4 that will help kind of fill out some of those shortages on styles, colors, sizes. But if there's disruption that will create some challenges logistically, so we're doing a lot to overcome that. We're bringing things in kind of as quickly as we can with those identified styles and where we may be short, we are steering customers to styles that we have more in stock on. So all of the above, right? We want to take advantage of the brand heat that we have going, the consumer demand that's out there for these styles. We want to use that then as an opportunity where we have scarcity to push him into other products that we do have in style.
Dave Powers -- President and Chief Executive Officer, Director
Yes, that's exactly right and we're seeing the consumer shift to other products and other categories. But generally speaking, whether it's slippers, classics, fashion boots, winter boots, we're seeing strong sell-through particularly in DTC but also at wholesale of all the categories, including ready to wear. So the demand for the brand, at a high level remains very strong, as you see in the accelerated interest over the quarter. Younger consumers are adopting the brand at new levels. We've increased our rate of 18 to 34-year-olds by over 180% for the quarter.
And we're chasing the inventory where we can. So we feel confident that if there's no logistics disruptions, we'll be in good place. I think it's a healthy place for our brand to be in this chase mode. And, while we're focused on delivering Q3, we're really focused on the long term health of the brand, and the setup that this demand and healthy marketplace means for us over the long-term. We're just seeing a lot of potential right now.
Camilo Lyon -- BTIG -- Analyst
That's great. Just two follow [Indecipherable]. Steve, you mentioned last quarter that you were anticipating cancellations to outpace pre orders, is that still the case? And then on a longer term basis, Dave, maybe we would love your insights into this, you are looking to reach at least mid teens, probably 15, maybe a little bit above 15% EBIT margin this year, very strong operating metrics there. Clearly, you've taken the brand to the next level with new demographic coming in. Where do you see the long-term margin opportunity? Can this be a high teens or low 20s business over time?
Dave Powers -- President and Chief Executive Officer, Director
I'll go, so this is Steve, I'll go first. Really kind of as we think about where we're at, on the inventory and cancellations, it's why we're not giving guidance, right? We don't know what's going to happen, what kind of at wholesale. If everything holds up, can you, we won't have the cancellation issue. If things get more challenging from a logistics standpoint, some retail is closed, there may be cancellation. So that's really what we want to see kind of over the course of the next couple of weeks. I think it's too early to tell, and kind of why we're holding off on guidance.
Steven J. Fasching -- Chief Financial Officer
Yes, exactly. To your question on kind of longer term, we're looking at this right now. We just had a conversation with the Board a few weeks ago. I guess the best way to think about it is we're committed and we've proven that over the last three plus years to this mid teens operating margin. But there is going to have to have to be some investment in the next coming, one to two years to be able to take advantage of the opportunities that we're now seeing. Our long-term strategy through COVID has actually probably been accelerated with the shift to e-commerce, younger consumers coming in, the increase marketing spend. But we're going to need to invest in, further capabilities to optimize that e-commerce engine even more than we already have to provide better dead data and analytics, capabilities, systems improvements, and just continue to fuel the growth of these brands through marketing, our marketing is paying off tremendously right now and we increased our marketing spend over the past quarter by 30%.
So this is one of those situations where, the engine is firing on all cylinders, but we need to keep it going. So I would say we're, you can count on us to deliver on mid tier operating margins, whether we get up, above 16%, 17%, 18%. The opportunity is there but it all depends on how fast we're going to have to invest in the mid-short to mid-term to be able to keep the top line going at, what we're shooting for is high single digits, double-digit percent growth over the next few years.
Camilo Lyon -- BTIG -- Analyst
Got it, sounds good. Good luck in the holiday. Take care.
Steven J. Fasching -- Chief Financial Officer
Thanks, Camilo.
Dave Powers -- President and Chief Executive Officer, Director
Thanks, Camilo.
Operator
The next question comes from Paul Lejuez with Citi Research. Please go ahead.
Paul Lejuez -- Citi Research -- Analyst
Hey, thanks, guys. I'm curious if you're already seeing some of these constraints happening in your business or have you been able to manage through them this quarter thus far? And then I guess, I'm kind of also curious on the marketing side. Does it make sense to spend as much marketing as you are given you're concerned about potentially not being able to meet demand, the risk perhaps disappointing some customers if you can, in fact, meet that demand? Thanks.
Dave Powers -- President and Chief Executive Officer, Director
Yes, I would say so far, the teams have done an incredible job which I referenced in the script on managing our distribution and our logistics to date. We've had to put in place social distancing measures. We've had to pay more to employees for hazard pay, etc. and recruiting has been a challenge. So they've done an incredible job working through this and working with the order book and the sales team to balance deliveries. So far, we haven't seen major disruptions, but the level of put through that we're going through right now is nothing compared to what's coming in the next couple months. And so that's really when the capacity of taking inbound deliveries that are in some cases delayed because of logistics from Asia Pacific, into the DC and at the same time turning around and putting product into the marketplace. That's where the pinch could come in the next couple of months and that's what we're really mindful of and planning for.
So haven't seen major disruptions yet, within our control. We have seen them in logistics, but we're feeling confident of our ability to manage through it, but as Steve said, there's still so much uncertainty coming up ahead of us. With regards to kind of marketing, we are very surgical in our marketing, now. We have a center of excellence on digital marketing and spend around the world and we, navigate based off return on spend by brand channel and region. And so, we're cautious of the fact that where there may be constraints on upsides due to marketing, and we're putting our marketing dollars in places where we know we'll get the payoff such as HOKA to continue to grow that brand and you saw the 80% plus percent growth in Q2. In different markets, we're releasing some money to continue to assist international and the transition of the UGG brand and just, we're testing at the same time. So the marketing is paying off. We're adopting a younger consumer. We're getting multiple purchases from a younger consumer within the quarter. Normally, we wouldn't see purchases for UGG products more than once a year, traditionally a classic style.
But now we're getting people, many consumers that bought the Fluff earlier in Q2 came back and purchased the UGG Clear. So the marketing is paying off. It's driving overall brand and awareness and buzz about the brand. I don't have a lot of concerns about missing sales and wasting marketing spend. I think we're very efficient on that and very targeted, and so far, it seems to be working really well.
Steven J. Fasching -- Chief Financial Officer
Yes, and I think, Paul, just to add on that, I think the other thing on the constraints is really third party logistics, so we are hearing from third party freight companies logistics constraints. And that's going to be really universal. So that is one thing we're keeping a close eye on. So one is kind of constraints within really what we control, but also what's outside of our control. And we are seeing signals around that. So that's something that we're going to watch carefully, and look to find alternatives to work around some of those situations. Kind of on the marketing, just to add to what Dave said, where we are marketing to certain styles that may be low on inventory, there is an opportunity to shift some of that marketing. So to the first question to Camilo said, we can start to shift some of that marketing to product that we have in stock.
So we have an opportunity to kind of move that in stock. And then I think the other important component is really our international reset. We can use money. So this is not just about domestic, it's about how we can accelerate some of our international reset, and deploying some of that marketing money around to kind of repositioning our brands and products and awareness in the international markets.
Dave Powers -- President and Chief Executive Officer, Director
Yes, and as we said in Q1 call, and we'll continue to stay focused on, we want to take this opportunity to steal market share wherever we can. So we want to stay aggressive on marketing, continued to drop innovative, exciting products in the marketplace, bringing in younger consumers and we're going to have to continue to spend marketing dollars to do that. But it's really now about scaling the global opportunity based on the success that we're seeing in the domestic market.
Paul Lejuez -- Citi Research -- Analyst
Got you. I'm just like I just got 4% of the ready to, what percent of the UGG business is ready to wear and same question for HOKA, what percent of the power?
Dave Powers -- President and Chief Executive Officer, Director
Yes, so ready to wear for UGG is less than 10%. It's mostly high single digits right now. It's a small business right now, but this ready to wear launch for us was really a test, a proof of concept test and the results have been phenomenal. The price points are perfect. The styling and the detailing is resonating with a younger consumer. And we launched it primarily in DTC and with Nordstrom and it was the first time, Nordstrom's ever put us on their landing page for apparel. They're incredibly pleased with the sell-through. We've had a lot of accounts calling trying to get their hands on the product. So for us what this means is there's just a lot of opportunity on this category in the next three to five years. So now we're just another opportunity for us to invest in design and creative talent and go-to-market talent for that category. So small, but very exciting from a launch perspective.
HOKA apparel is even smaller. That's really early stages of development there. We are working with some folks externally to bring in some more talent to ramp that up. But the $500 million, the $1 billion numbers that we've put out there, we don't believe those need an apparel business to hit those targets. So it would be incremental to that. Those kinds of numbers at this point, but early days of HOKA, it's less than probably 3% of total sales.
Paul Lejuez -- Citi Research -- Analyst
Got it, thank you. Good luck guys.
Dave Powers -- President and Chief Executive Officer, Director
Thank you.
Steven J. Fasching -- Chief Financial Officer
Thanks, Paul.
Operator
Next question comes from JoNext question comes from Jonathan Komp with Baird. Please go ahead.
Jonathan Komp -- Baird -- Analyst
Yes, thank you. Just a follow up on the -- all the commentary you've given on UGG, which is really helpful thinking about, the third quarter and really the second half of the year, are you saying, Steve, when you look at the scenarios and some of the planning, are you saying there's no scenarios where UGG can be flat or up for the period or just trying to gauge the degree of the constraints that are out there relative to potential scenarios? And did you call out any explicit costs that we should be thinking about for some logistic impacts?
Steven J. Fasching -- Chief Financial Officer
Yes, so Jon, again, we're not giving guidance. What I wanted to call really to attention is, we're dealing -- we're kind of in the middle of a pandemic we're dealing with constraints. And so we have seen growth in the first half. As I mentioned, and mentioned on last call, we're looking and did successfully move some product in Q2 that would traditionally go in Q3. And so it really depends. And again, it kind of this is again, why we're not giving guidance is, it depends on what happens. If it's a clean Q3, but given everything we're seeing, it's hard to see no disruption in Q3, that's how we're kind of looking at UGG and planning for it.
So, that's -- I just want to provide a little bit of caution as we think about it, there's been some shifting in product. We have, because of the onset conservative cuts that we made in terms of inventory, we're up against some constraints on inventory. So we're going to do the best that we can, but it's going to be work, and we're working against some external factors that we're going to have little control over.
Dave Powers -- President and Chief Executive Officer, Director
Yes and then the setup for q4 and spring product looks promising as well. But it all depends on how we're able to get through q3 before we get to that point.
Jonathan Komp -- Baird -- Analyst
Okay, that's really helpful. And maybe a broader question on HOKA. I know you've talked about this $1 billion plus aspiration for a while. Just thinking about, at least that incremental $500 million compared to this year, nearly a quarter of your total company sales today. Could you just talk through, what are the margin implications of that, given the mix shift that will drive toward HOKA even further over time?
Dave Powers -- President and Chief Executive Officer, Director
Yes, I'll go first. What we've said historically, in its channel, compared to UGG, it is a little bit better. And so as the proportion of HOKA the gross margin implications are that, if we don't get into situations where we're having to discount, again we're dealing with a brand that is on fire, growing 80% of course [Phonetic] which is crazy. We can hold full price selling. So as long as we can do that margins are by equivalent channel compared to UGG slightly better, but at the same time, then we're also spending more on marketing. So as a brand that is still being discovered by many, we spend considerably more on developing HOKA and brand awareness and consumer awareness with that brand. So from a gross margin standpoint, as long as the brand is hot and continues to grow like it is, and there's little promotion around that brand, it is incrementally positive. But at the same time, we're also investing considerably more in developing that brand and building that brand.
Jonathan Komp -- Baird -- Analyst
Okay, that's really helpful. Thank you. Good luck for holiday.
Dave Powers -- President and Chief Executive Officer, Director
All right.
Steven J. Fasching -- Chief Financial Officer
Thanks, John.
Operator
Next question comes from Tom Nikic with Wells Fargo, please go ahead.
Tom Nikic -- Wells Fargo -- Analyst
Hey, guys, thanks for taking my question. You spoke a lot about, capacity constraints, both internal and external. And it kind of seemed like, for the most part, you were speaking in reference to UGG. Do these same constraints or anything like that apply to HOKA. And, it would seem to, you have to get the $500 million this year, you don't need, the growth in the back half of the year for HOKA would be much slower than it was in the first half. So is there anything preventing you from far exceeding up? I know 500 million is a big number. It's a big gross number. But I mean, it kind of seems like with the momentum and the brand and the growth rates that you've been seeing, even in the midst of the pandemic, that, it could even be better than that.
Dave Powers -- President and Chief Executive Officer, Director
Yes, I think I'll jump in on that. So keep in mind that, some of the deliveries and the business that we had intended to do in Q1 for HOKA ended up happening in Q2, because the wholesale being closed for most of the Q1, so hence, the 80 plus percent growth. But from an internal perspective, we don't have a lot of constraints on HOKA, the inventory, we're chasing the inventory as fast as we can, we're in pretty good shape heading into the back half of the year and inventory in HOKA. And the demand is still there, it's really relying more on kind of the macro environment, and an external factors for us.
Tom Nikic -- Wells Fargo -- Analyst
Got it, and...
Dave Powers -- President and Chief Executive Officer, Director
Sorry, just the biggest challenge that we're facing is just the, it's really last seven to eight weeks of the quarter on UGG where DTC ramps up dramatically. And at the same time, we're inbounding product and shipping out to wholesalers. It's that period of time where that's where we're exercising caution here, because there's so many different factors that could implement, get in the way of that being successful. But that's an UGG dynamic, less so on HOKA.
Tom Nikic -- Wells Fargo -- Analyst
Understood, that's helpful. And you know on UGG and I know, maybe this is a tough question to answer at the moment, but obviously, there's been a lot of noise lately, even pre COVID, with the brand reset in Europe and stuff like that, when sort of everything is normal, when we're past COVID, when the international reset is done? Like, what kind of growth should UGG be generating? I mean, is this a mid single digit grower or is it something better than that? Something worse than that? I mean, I'm just kind of wondering, like, in a normal environment, like, how should we think about UGG over the long-term?
Dave Powers -- President and Chief Executive Officer, Director
Yes, it's a good question. I would say it's probably low single digits, under 5%, but healthy, sustainable, full price sales growth. And what's encouraging for me right now is to see, again, how many new young consumers have now adopted UGG into their consideration set, and they're choosing to come to our website, they're looking for new product, they're bright, they're buying from our websites more than once in a quarter across categories. We even see a healthy mix of consumers who bought footwear and ready to wear. We haven't seen that before. And so I think, if you look at the success of the Fluff franchise in the slipper or sandal, hybrid phenomenon that we've created, there's still a lot of longevity in that trend. It's less about being inside in slippers, and it's more about fashion. The amount of new consumers we have in our database and our ecosystem that we can now manage for an optimized the lifetime value of those consumers. The excitement that's happening in men's, we're launching Fluff product for men's, in the next couple of weeks with an exciting ambassador that you'll see shortly, the ready to wear opportunity.
And if we can get international through their transformation and heading to positive territory again, you could see this as pretty healthy, sustainable, long-term growth. And we're optimistic but where the brand is, it's the healthiest and most exciting I've seen it since I've been here over eight years and so we feel good about the potential going forward.
Tom Nikic -- Wells Fargo -- Analyst
Right, yes. Thanks very much. And best of luck this holiday season.
Dave Powers -- President and Chief Executive Officer, Director
Thank you.
Operator
Next question comes from John Kernan with Cowen. Please go ahead.
John Kernan -- Cowen -- Analyst
Yes, excellent. Thanks for taking my question and congrats on all the momentum.
Dave Powers -- President and Chief Executive Officer, Director
Thanks.
Steven J. Fasching -- Chief Financial Officer
Thanks, John.
John Kernan -- Cowen -- Analyst
I wanted to ask you on the mix shift to DTC and HOKA obviously drove tremendous gross margin expansion in the first half of the year and also drove a lot of SG&A leverage. The DTC and HOKA shift, seemingly should continue into the back half of the year. How should we think about your margin structure in the back half relative to the performance you had in the first half, both on the gross margin and SG&A line?
Dave Powers -- President and Chief Executive Officer, Director
Yes, I'll take that one. Again, we haven't given guidance. But I think the way to think about really kind of the back half is you start getting up against the kind of bigger numbers. So Q1, Q2 are huge on a percentage basis, because those tend to be kind of smaller quarters. And now as you get into really the back half, you're up against kind of bigger numbers. So the expansion that you saw in the first half is not necessarily indicative of what you'll see in the second half. Clearly, we're going to have similar impacts from the changing dynamic. The impact will not be as much as what you saw, really, in the first half.
Steven J. Fasching -- Chief Financial Officer
The strength of DTC, upside from a percent growth perspective is more dramatic in UGG, HOKA is more just kind of holding steady as the trends that they've been on. But the UGG business from a DTC perspective is super strong.
John Kernan -- Cowen -- Analyst
Got it. Certainly a lot of momentum, maybe just one more follow-up would be when you think about that $1 billion run rate of sales for HOKA, what are you most excited about, from a category level and geographic level to get you, to give you that confidence and is doubling that business?
Dave Powers -- President and Chief Executive Officer, Director
Well, I think, you know, it's obviously still founded in core authentic running and continuing to be a leader in that category. In some cases, we're seeing, we're number two, in some cases, number one market share already, but the difference between us and the number one, market share holder, which tends to be Brooks, generally speaking, we could almost double our market share, and still be neck-and-neck with Brooks. So there's still a lot of opportunity in the core run specialty channel. The two things that get me most excited are just the expansion to a broader set of consumers. So it's, more, consumers that aren't just buying it just for running, it's everyday athletics or lifestyle. And we're starting to see, that broad base of consumers being attracted to the brand, for the performance attributes that it provides.
We still want to keep our distribution tight. We're focusing on our tight ecosystem of very selected wholesale partners key accounts, and then driving e-commerce. So we can optimize that business for the long term. But I think the real unlocked to the $1 billion is continued acceleration of our EMEA business, particularly online. We've made quite a few investments over the last year to allow the e-commerce business there to flourish, and we seeing positive results on that, but it's still small compared to the US. And then I think when you think beyond $1 billion, it's really Asia Pacific, and we're just getting started in China. Obviously, that's a massive opportunity for us. But, we think we can get to that $1 billion mark with real strong growth continuing in the U.S. and accelerated growth in EMEA and then beyond that is just, even more upside once we get into those territories in Asia Pacific and newer categories.
John Kernan -- Cowen -- Analyst
That's excellent, congrats on all success.
Dave Powers -- President and Chief Executive Officer, Director
All right, thanks, John.
Operator
The last question today will come from Sam Poser with Susquehanna. Please go ahead.
Sam Poser -- Susquehanna -- Analyst
Thank you. I'm honored to be last. Guys, can you adjust some housekeeping and then I have some more detailed questions. Could you give us either the revenue or the revenue growth for wholesale by brand for DTC by brand for each brand, you gave UGG? Whatever it was, and the Can you give the rest of them for modeling purposes, please for the quarter?
Dave Powers -- President and Chief Executive Officer, Director
Yep, sure, Sam. So UGG wholesale for the quarter was $292 million, HOKA was $108 million, Teva was $18 million, Sanuk was $6 million all else was call it $28 million and then our DTC was $172 million.
Sam Poser -- Susquehanna -- Analyst
Okay, great. So I got a couple questions. Other than that, I guess you've talked a lot about the transformation going on in EMEA and APAC. What, I mean, as you see it today, what's the timetable for being, sort of -- for being at a, the, let's say, the beginning stage of how the us, turn when the U.S. turn really kicked in, which would be a few years, a couple years ago.
Dave Powers -- President and Chief Executive Officer, Director
Yes, in my sense, it's been obviously challenged because of the COVID situation, both in Europe and Asia Pacific, particularly China. That being said, we have seen some signs of promise with category adoption. So the phenomenon of the Fluff franchise in the U.S. hasn't really hit Europe or China yet. But in the last weeks of the quarter, we're starting to see some excitement around those categories, younger consumers positive strong sell-through of those categories, but also the brand. So, the increased marketing, the focus on PR, and collaborations, the new ambassador that we signed in China, those are all so far showing positive results, not big enough to move the total country needle because we still have some scarcity, work to do as far as resetting the classics business. But people are starting to see these, the UGG brand as a more fashion relevant brand than they have in the past. So I would say you'll start to see return to growth probably next fall in those markets and gives us, an indication of where we can go from there.
But I think the work that the teams are doing right now, and the way we're shifting investments in our approach to be tailored to each of those markets, is working well. The teams are doing a great job. And I think you'll start to see, like I said that return to growth probably next fall into the FY '22 and beyond.
Sam Poser -- Susquehanna -- Analyst
Thanks. And then you had talked earlier or on previous calls about the test with HOKA you were doing with Dix, could you give us an update there and how they're managing it and what the plans may be? And then lastly, and I've got others, but lastly, you're talking about the New York flagship I saw 58 Street close. Where is this store going to be?
Steven J. Fasching -- Chief Financial Officer
Yes, I'm trying to remember what your first question was.
Sam Poser -- Susquehanna -- Analyst
Dix.
Steven J. Fasching -- Chief Financial Officer
Yes, Dix. Yes, so yes, the 11 store test has been going very well. They're very pleased. The sell-through has been strong. We tested with them, it was like three or four years ago, a small test and the results were not good. It's a whole different ballgame now. So again, we're managing that relationship, closely pleased with the results and what they're selling. We're not looking to expand dramatically with those with that account just yet.
Again, it's just very strategical and methodical approach as to how and if we go much
Bigger in Dix, but so far, the results are very promising. In down the road, we're also exploring opportunities with the Footlocker banner as well, early and ongoing conversations there yet, but still, really cautious about the timing of when we go into those new accounts.
Sam Poser -- Susquehanna -- Analyst
And then the New York store?
Steven J. Fasching -- Chief Financial Officer
Yes. So it's on Fifth Avenue.
Dave Powers -- President and Chief Executive Officer, Director
I don't have, yes, we don't have the exact.
Steven J. Fasching -- Chief Financial Officer
It's right across from the NBA store on Fifth Avenue. Tremendous location, highly visible two floors, lots of windows, great foot traffic, both local and tourists going by there. It's our largest store ever. Two floors and it's going to showcase all the ready to wear a new store design be much more fashion, focused than we have been in the past, lots of color and excitement. And then some great storytelling an experience for the brand with an elevated service model for omnichannel capabilities and testing a lot there and then a new mobile POS system to go along with that.
So there's a lot to be excited about. Obviously, the timing, we wish was better. But this will be a catalyst for the brand globally. And we'll be looking to roll out the new store concept to key partners and other flagship locations, as time permits over for the time is right over the next coming years. But, there's great storytelling that we're going to be able to do and I'm excited for everybody listening and the consumer to go in and experience the other ready to wear collection and a new look for the face of UGG.
Sam Poser -- Susquehanna -- Analyst
Thanks, can I have one more?
Dave Powers -- President and Chief Executive Officer, Director
Yes, the opening date on that is November 19, Sam.
Sam Poser -- Susquehanna -- Analyst
Thank you. Just to confirm. So your DTC, UGG DTC business in Q4 is going to be hampered by, is it hampered by store traffic or is it going to be hampered by product availability and the amount you can ship because of will it be capacity constraints in stores that can't be overcome by e-commerce or what's going on in the distribution center or both?
Dave Powers -- President and Chief Executive Officer, Director
Yes, just so I'm clear on that, Sam when you said Q4, you mean our Q3.
Sam Poser -- Susquehanna -- Analyst
I'm sorry. Q3, the December 4. Yes, it is. Yes, it is really more just about constraints. So one will be from a, from retail how much traffic is allowed in stores, some of the mall based stores? What do the malls look like? Can people get in? So that's going to be kind of the one constraint. And then I would say, as I mentioned before, just externally, it will be what shipping capacity looks like. So the more we can direct e-commerce, and the more we can capture early is beneficial, right? It helps us navigate, I think some of the what I'll say are macro level constraints that are more out of our control, we're doing the best that we can kind of that's under our control, which is really about inventory management, bringing more product in this year than we did a year ago, and a quarter where we have constraints as we have lower inventory going into Q3. So those are all the things that we're working with, and trying to get to the consumer the demands there. They're showing up online. We are confident in our ability to kind of fulfill that if there are not constraints in place, but we know there's going to be some, so...
Steven J. Fasching -- Chief Financial Officer
Go ahead, Sam.
Sam Poser -- Susquehanna -- Analyst
Do you think you can be -- I mean, do you, when you set UGG overall, is unlikely to be up in the quarter is that more of a wholesale issue or more of a direct-to-consumer issue or do you expect direct to be up just it can't be up as much as Q2 -- nearly as much as Q2 because of the average numbers.
Dave Powers -- President and Chief Executive Officer, Director
Yes, so it's more wholesale focus, just be able to get inventory through the pipeline and chasing inventory. DTC, we still think we'll be able to have -- show some growth there. We're up against big numbers last year. If you remember, last year was a very strong quarter for us, particularly in DTC and stores. So that velocity is going to be hard to comp, but we're confident that DTC continued to be strong. And the last thing I'll say, before we end the call, and all this is 15%. growth in this environment is exceptional, but I can't stress enough how hard it is, and how hard people are working to ship to be able to cover this kind of increased demand and our distribution centers and our online businesses and chase this inventory is really hard to do.
And I give our teams a ton of credit to be able to do that. And we're heading into, the biggest, you know, in some ways, the demand for our brands has never been stronger, but we're heading into the most uncertainty we've ever faced. And we have more demand on our website in our straining our systems than we've ever seen before. We're handling it extremely well so far. But like I said, when we get into these last few weeks of November into December, and that pinch point, for getting product to consumers, that's the area that we're really cautious about. Because this is hard work and being able to ship this quickly with those kinds of shifts in consumer demand is a strain and we're handling it well. But that's where we're focusing on providing some caution there.
Sam Poser -- Susquehanna -- Analyst
Thanks so much and continued success.
Dave Powers -- President and Chief Executive Officer, Director
Thank you, Sam.
Steven J. Fasching -- Chief Financial Officer
Thank you, Sam.
Operator
[Operator Closing Remarks]
Duration: 69 minutes
Call participants:
Erinn Kohler -- Vice President of Investor Relations and Corporate Planning
Dave Powers -- President and Chief Executive Officer, Director
Steven J. Fasching -- Chief Financial Officer
Camilo Lyon -- BTIG -- Analyst
Paul Lejuez -- Citi Research -- Analyst
Jonathan Komp -- Baird -- Analyst
Tom Nikic -- Wells Fargo -- Analyst
John Kernan -- Cowen -- Analyst
Sam Poser -- Susquehanna -- Analyst
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Deckers Outdoor Corp (NYSE: DECK) Q2 2021 Earnings Call Oct 29, 2020, 4:30 p.m. Welcome to the Deckers Brands Second Quarter Fiscal 2021 Earnings Conference Call. On behalf of Deckers, I hope everyone is doing well and staying safe in this unprecedented time.
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Operator [Operator Closing Remarks] Duration: 69 minutes Call participants: Erinn Kohler -- Vice President of Investor Relations and Corporate Planning Dave Powers -- President and Chief Executive Officer, Director Steven J. Fasching -- Chief Financial Officer Camilo Lyon -- BTIG -- Analyst Paul Lejuez -- Citi Research -- Analyst Jonathan Komp -- Baird -- Analyst Tom Nikic -- Wells Fargo -- Analyst John Kernan -- Cowen -- Analyst Sam Poser -- Susquehanna -- Analyst More DECK analysis All earnings call transcripts 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q2 2021 Earnings Call Oct 29, 2020, 4:30 p.m. Welcome to the Deckers Brands Second Quarter Fiscal 2021 Earnings Conference Call.
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Operator [Operator Closing Remarks] Duration: 69 minutes Call participants: Erinn Kohler -- Vice President of Investor Relations and Corporate Planning Dave Powers -- President and Chief Executive Officer, Director Steven J. Fasching -- Chief Financial Officer Camilo Lyon -- BTIG -- Analyst Paul Lejuez -- Citi Research -- Analyst Jonathan Komp -- Baird -- Analyst Tom Nikic -- Wells Fargo -- Analyst John Kernan -- Cowen -- Analyst Sam Poser -- Susquehanna -- Analyst More DECK analysis All earnings call transcripts 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q2 2021 Earnings Call Oct 29, 2020, 4:30 p.m. Welcome to the Deckers Brands Second Quarter Fiscal 2021 Earnings Conference Call.
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Operator [Operator Closing Remarks] Duration: 69 minutes Call participants: Erinn Kohler -- Vice President of Investor Relations and Corporate Planning Dave Powers -- President and Chief Executive Officer, Director Steven J. Fasching -- Chief Financial Officer Camilo Lyon -- BTIG -- Analyst Paul Lejuez -- Citi Research -- Analyst Jonathan Komp -- Baird -- Analyst Tom Nikic -- Wells Fargo -- Analyst John Kernan -- Cowen -- Analyst Sam Poser -- Susquehanna -- Analyst More DECK analysis All earnings call transcripts 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q2 2021 Earnings Call Oct 29, 2020, 4:30 p.m. Welcome to the Deckers Brands Second Quarter Fiscal 2021 Earnings Conference Call.
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1123b05b-b809-4b4b-9bdb-45fd376b022e
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724134.0
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2020-10-29 00:00:00 UTC
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Deckers Outdoor Corp Announces Gain In Q2 Earnings
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-announces-gain-in-q2-earnings-2020-10-29
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(RTTNews) - Deckers Outdoor Corp (DECK) reported a profit for its second quarter that increased from last year.
The company's bottom line totaled $101.96 million, or $3.58 per share. This compares with $77.81 million, or $2.71 per share, in last year's second quarter.
Analysts had expected the company to earn $2.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 15.0% to $623.53 million from $542.21 million last year.
Deckers Outdoor Corp earnings at a glance:
-Earnings (Q2): $101.96 Mln. vs. $77.81 Mln. last year. -EPS (Q2): $3.58 vs. $2.71 last year. -Analysts Estimate: $2.63 -Revenue (Q2): $623.53 Mln vs. $542.21 Mln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deckers Outdoor Corp (DECK) reported a profit for its second quarter that increased from last year. Deckers Outdoor Corp earnings at a glance: -Earnings (Q2): $101.96 Mln. Analysts had expected the company to earn $2.63 per share, according to figures compiled by Thomson Reuters.
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(RTTNews) - Deckers Outdoor Corp (DECK) reported a profit for its second quarter that increased from last year. Deckers Outdoor Corp earnings at a glance: -Earnings (Q2): $101.96 Mln. -Analysts Estimate: $2.63 -Revenue (Q2): $623.53 Mln vs. $542.21 Mln last year.
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(RTTNews) - Deckers Outdoor Corp (DECK) reported a profit for its second quarter that increased from last year. Deckers Outdoor Corp earnings at a glance: -Earnings (Q2): $101.96 Mln. This compares with $77.81 million, or $2.71 per share, in last year's second quarter.
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Deckers Outdoor Corp earnings at a glance: -Earnings (Q2): $101.96 Mln. (RTTNews) - Deckers Outdoor Corp (DECK) reported a profit for its second quarter that increased from last year. This compares with $77.81 million, or $2.71 per share, in last year's second quarter.
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d3a1d8ca-d844-4fe6-970e-2ba3d023a210
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724135.0
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2020-10-27 00:00:00 UTC
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Better Buy: Vanguard Small Cap Growth ETF or iShares Russell 2000 Growth ETF?
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DECK
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https://www.nasdaq.com/articles/better-buy%3A-vanguard-small-cap-growth-etf-or-ishares-russell-2000-growth-etf-2020-10-27
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If you look at the performance of small-cap stocks over the past few years, the returns pale in comparison to those of large-cap stocks. Over the last five years, the Russell 2000 has a total return of about 39% while the S&P 500 is up about 65% over that same period.
But historically, small caps have performed better than large caps coming out of recessions. In each of the last four recessions -- 1981, 1990, 2001, and 2007 -- small caps have beaten large caps in both one-year and three-year annualized returns after the recessions, according to an analysis by Invesco. The only exception was the three-year return out of the 1981 recession.
Image source: Getty Images.
The U.S. is currently in a recession, but you can already see the trend continuing. Since the market crashed in March, the Russell 2000 is up 65% while the S&P 500 is up 54%. Based on these trends, investors may want to consider adding some small-cap growth exchange-traded funds (ETFs) to their portfolios. Here is a look at two of the biggest and the best -- the Vanguard Small Cap Growth ETF (NYSEMKT: VBK) and the iShares Russell 2000 Growth ETF (NYSEMKT: IWO).
Vanguard Small Cap Growth ETF
The Vanguard Small Cap Growth ETF tracks the CRSP US Small Cap Growth Index, which includes about 570 small-cap growth stocks, as identified by CRSP using their specific growth screens. The ETF is up about 14% year to date through Oct. 23. Over the past year through Sept. 30, the ETF is up 18.8% with annualized returns of 13.7% and 13.3% over the previous five- and 10-year periods, respectively.
The 10 largest holdings include Immunomedics, Horizon Therapeutics, Insulet, Etsy, Catalent, Zebra Technologies, Teradyne, Pool Corp., HubSpot, and Monolithic Power Systems. The top 10 holdings make up about 7.8% of the portfolio. About 26% of the portfolio is in the healthcare sector, while 22% is in technology and 16% is in industrials.
The ETF has about $12 billion in assets under management with a minuscule expense ratio of 0.07%.
iShares Russell 2000 Growth ETF
The iShares Russell 2000 Growth ETF invests in a different index than the Vanguard ETF, tracking stocks within the Russell 2000 index that exhibit certain growth characteristics. It includes about 1,100 names, so it has greater diversification than the Vanguard ETF.
The top 10 holdings are Sunrun, iRhythm Technologies, LHC Group, Churchill Downs, Mirati Therapeutics, Deckers Outdoor, MyoKardia, RH, Momenta Pharmaceuticals, and BJ's Wholesale Club Holdings. The top 10 holdings make up about 6.3% of the portfolio. The largest sectors are healthcare (25%), technology (17%), and industrials (12%).
The ETF is up about 10% year to date. It has a one-year return of 15.6% through Sept. 30, and annualized returns of 11.5% and 12.4% over the last five- and 10-year periods, respectively. The ETF has about $9.5 billion in assets under management and an expense ratio of 0.24%.
Which is the better buy?
These are both excellent small-cap growth ETFs, but if you have to pick one, I'd go with the Vanguard Small Cap Growth ETF. It has better returns, both in the short term and the long term, and a considerably lower expense ratio. While the Vanguard ETF features a more concentrated portfolio with about half as many names as the Russell 2000 Growth ETF, there is no difference in the volatility measures between the funds. Both have betas of around 1.23% and the Vanguard ETF actually has a lower standard deviation of 21.5% compared to 22.4% for the Russell ETF.
Keep in mind, small-cap growth stocks are more volatile, which is why it's good to have broad diversification and less concentrated holdings. But if history is any indication, these ETFs should both outperform their large-cap rivals coming out of the recession -- or at least be very competitive.
10 stocks we like better than iShares Russell 2000 Growth Index
When investing geniuses David and Tom Gardner have 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.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and iShares Russell 2000 Growth Index 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 October 20, 2020
Dave Kovaleski has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Etsy, HubSpot, and Vanguard Small-Cap Growth ETF. The Motley Fool owns shares of LHC Group. The Motley Fool recommends Churchill Downs, Immunomedics, Insulet, Pool, RH, Teradyne, and Zebra Technologies. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top 10 holdings are Sunrun, iRhythm Technologies, LHC Group, Churchill Downs, Mirati Therapeutics, Deckers Outdoor, MyoKardia, RH, Momenta Pharmaceuticals, and BJ's Wholesale Club Holdings. The 10 largest holdings include Immunomedics, Horizon Therapeutics, Insulet, Etsy, Catalent, Zebra Technologies, Teradyne, Pool Corp., HubSpot, and Monolithic Power Systems. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and iShares Russell 2000 Growth Index wasn't one of them!
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The top 10 holdings are Sunrun, iRhythm Technologies, LHC Group, Churchill Downs, Mirati Therapeutics, Deckers Outdoor, MyoKardia, RH, Momenta Pharmaceuticals, and BJ's Wholesale Club Holdings. Vanguard Small Cap Growth ETF The Vanguard Small Cap Growth ETF tracks the CRSP US Small Cap Growth Index, which includes about 570 small-cap growth stocks, as identified by CRSP using their specific growth screens. iShares Russell 2000 Growth ETF The iShares Russell 2000 Growth ETF invests in a different index than the Vanguard ETF, tracking stocks within the Russell 2000 index that exhibit certain growth characteristics.
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The top 10 holdings are Sunrun, iRhythm Technologies, LHC Group, Churchill Downs, Mirati Therapeutics, Deckers Outdoor, MyoKardia, RH, Momenta Pharmaceuticals, and BJ's Wholesale Club Holdings. Here is a look at two of the biggest and the best -- the Vanguard Small Cap Growth ETF (NYSEMKT: VBK) and the iShares Russell 2000 Growth ETF (NYSEMKT: IWO). Vanguard Small Cap Growth ETF The Vanguard Small Cap Growth ETF tracks the CRSP US Small Cap Growth Index, which includes about 570 small-cap growth stocks, as identified by CRSP using their specific growth screens.
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The top 10 holdings are Sunrun, iRhythm Technologies, LHC Group, Churchill Downs, Mirati Therapeutics, Deckers Outdoor, MyoKardia, RH, Momenta Pharmaceuticals, and BJ's Wholesale Club Holdings. If you look at the performance of small-cap stocks over the past few years, the returns pale in comparison to those of large-cap stocks. Vanguard Small Cap Growth ETF The Vanguard Small Cap Growth ETF tracks the CRSP US Small Cap Growth Index, which includes about 570 small-cap growth stocks, as identified by CRSP using their specific growth screens.
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f2fc6107-70af-440a-9862-e5dc3de062d2
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724136.0
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2020-10-12 00:00:00 UTC
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Why Has Deckers Outdoor Stock Gained 35% In 2020?
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DECK
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https://www.nasdaq.com/articles/why-has-deckers-outdoor-stock-gained-35-in-2020-2020-10-12
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Deckers Outdoor stock (NYSE: DECK) faces near term pressure. The stock is up 35% YTD while the S&P is flat. YTD Revenues are flat and the company’s valuation looks high with limited growth prospects. Revenues are expected to be down for the rest of the year, despite a strong performance of the HOKA brand. However, the performance of other brands has been below par which will negatively impact its revenue growth rate-pressuring its stock price.
Following a large 105% rise since the March 23 lows of this year, at the current price of $235 per share, we believe Deckers Outdoor stock, a footwear designer and distributor company, has reached its near term potential. Deckers’ stock has rallied from $113 to $235 off the recent bottom compared to the S&P which moved 48% over the same time period, despite its YTD revenues growing by a mere 2%. Gradual store openings, as well as Deckers Outdoor’s strong direct to consumer reach, has helped the stock in beating overall markets. Moreover, the stock is up 193% from levels seen in early 2018, over two years ago. Deckers stock has fully recovered and is almost 20% above the level it was at before the drop in February due to the coronavirus outbreak becoming a pandemic. Notably, the stock is up 37% from the beginning of the year while the broader market is almost flat. This seems to make it fully valued as, in reality, demand and revenues will likely be lower this year than last year. Our dashboard ‘Why Deckers Outdoor Stock moved 193%?‘ provides the key numbers behind our thinking, and we explain more below.
Some of the stock price rise of the last 2 years is justified by the roughly 12% growth seen in Deckers’ revenues from $1.9 billion in FY’2018 to $2.1 billion in FY”2020 (ending March). This combined with a 2.2x jump in net income margin from 6% in 2018 to 12.9% in 2020 and a 10.6% reduction in share count due to stock repurchases worth $500 million, helped earnings per share basis swell 170%. Notably, Deckers’ margin expanded as a result of robust revenue growth coupled with lower product costs, a favorable mix of higher-margin products, lower markdowns, and a lower effective tax rate.
However, a sizable drop in Deckers’ P/E multiple partially mitigated gains to its stock from an upbeat earnings trend. Deckers’ P/E ratio fell from about 22x at the end of 2017 (P/E was unusually high to due lower EPS resulting from changes in the tax rate) to 17x at the end of 2019. While the company’s P/E has now increased to 24x, it seems to be overvalued when the current P/E is compared to levels seen in the past years – P/E of 17x at the end of 2019 and 14x as recently as late 2018. We believe there is a possible downside for Deckers’ multiple when compared to levels seen over the recent years, and the stock is unlikely to see much upside after the recent rally and the potential weakness from a recession-driven by the Covid outbreak.
How Is Coronavirus Impacting Deckers Outdoor’s Stock?
The Coronavirus crisis has hit the apparel industry hard, and Deckers is no exception. Fading consumer demand, reduced discretionary spending, rising unemployment levels, and stay-at-home orders resulting in stores remaining closed continue to take their toll on the apparel industry. Despite the pandemic, Deckers Outdoor delivered a steady performance in its first-quarter results (ending June), with the company’s revenues improving by 2.3% to $283 million. Moreover, the management stated it is witnessing a strong e-commerce growth, driven by full-price selling at both UGG and HOKA brands, helping to offset some of the volume loss from the retail business. Further, the company’s digital presence has increased, with HOKA search interest growth being second-highest among peer brands while the UGG brand’s search interest grew more than 73% in FY’20. However, despite its digital growth, we expect the overall demand to be lower in FY’2021 due to uncertainty resulting from the outbreak of coronavirus which leads us to believe that the stock is currently overvalued.
The actual recovery and its timing hinge on the broader containment of the coronavirus spread. Our dashboard Trends In U.S. Covid-19 Cases provides an overview of how the pandemic has been spreading in the U.S. and contrasts with trends in Brazil and Russia. Following the Fed stimulus — which set a floor on fear — the market has been willing to “look through” the current weak period and take a longer-term view. With investors focusing their attention on 2021 results, the valuations become important in finding value. Though market sentiment can be fickle, and evidence of an uptick in new cases could spook investors once again.
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio to beat the market, with over 100% return since 2016, versus 55% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Following a large 105% rise since the March 23 lows of this year, at the current price of $235 per share, we believe Deckers Outdoor stock, a footwear designer and distributor company, has reached its near term potential. Deckers Outdoor stock (NYSE: DECK) faces near term pressure. Deckers’ stock has rallied from $113 to $235 off the recent bottom compared to the S&P which moved 48% over the same time period, despite its YTD revenues growing by a mere 2%.
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Following a large 105% rise since the March 23 lows of this year, at the current price of $235 per share, we believe Deckers Outdoor stock, a footwear designer and distributor company, has reached its near term potential. Gradual store openings, as well as Deckers Outdoor’s strong direct to consumer reach, has helped the stock in beating overall markets. Some of the stock price rise of the last 2 years is justified by the roughly 12% growth seen in Deckers’ revenues from $1.9 billion in FY’2018 to $2.1 billion in FY”2020 (ending March).
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Following a large 105% rise since the March 23 lows of this year, at the current price of $235 per share, we believe Deckers Outdoor stock, a footwear designer and distributor company, has reached its near term potential. Some of the stock price rise of the last 2 years is justified by the roughly 12% growth seen in Deckers’ revenues from $1.9 billion in FY’2018 to $2.1 billion in FY”2020 (ending March). We believe there is a possible downside for Deckers’ multiple when compared to levels seen over the recent years, and the stock is unlikely to see much upside after the recent rally and the potential weakness from a recession-driven by the Covid outbreak.
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Following a large 105% rise since the March 23 lows of this year, at the current price of $235 per share, we believe Deckers Outdoor stock, a footwear designer and distributor company, has reached its near term potential. How Is Coronavirus Impacting Deckers Outdoor’s Stock? Deckers Outdoor stock (NYSE: DECK) faces near term pressure.
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724137.0
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2020-09-27 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Motley Fool - 9/27/2020
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-motley-fool-9-27-2020-2020-09-27
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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.
JOHNSON OUTDOORS INC. (JOUT) is a small-cap growth stock in the Recreational Products industry. The rating according to our strategy based on Motley Fool is 76% based on the firmâs underlying fundamentals and the stockâs 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: Johnson Outdoors Inc. is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment's brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment's brands are Eureka!, Jetboil and Silva. Its Watercraft segment designs and markets Necky sea touring kayaks; sit on top Ocean Kayaks, and Old Town canoes and kayaks for family recreation, touring, angling and tripping. The Company manufactures and markets underwater diving products for recreational divers, which it sells and distributes under the SCUBAPRO brand name. It markets a line of underwater diving and snorkeling equipment, including regulators, buoyancy compensators, dive computers and gauges, wetsuits, masks, fins, snorkels and accessories. The Company's products are used for fishing from a boat, diving, paddling, hiking and camping.
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: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: PASS
Detailed Analysis of JOHNSON OUTDOORS INC.
Full Guru Analysis for JOUT>
Full Factor Report for JOUT>
ORION ENERGY SYSTEMS, INC. (OESX) is a small-cap growth stock in the Furniture & Fixtures industry. The rating according to our strategy based on Motley Fool is 76% based on the firmâs underlying fundamentals and the stockâs 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: Orion Energy Systems, Inc. is a designer and manufacturer of lighting platforms. The Company researches, develops, designs, manufactures, markets, sells and implements energy management systems consisting primarily of commercial and industrial interior and exterior lighting systems, and related services. The Company operates through three segments: Orion U.S. Markets Division (USM), Orion Engineered Systems Division (OES) and Distribution Services Division (ODS). The USM division develops and sells its commercial lighting systems and energy management systems to the wholesale contractor markets. The OES division develops and sells lighting products, and provides construction and engineering services for its commercial light emitting diode (LED) and high intensity fluorescent (HIF) lighting and energy management systems. The ODS division focuses on selling its lighting products through manufacturer representative agencies and a network of broadline North American distributors.
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: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: FAIL
Detailed Analysis of ORION ENERGY SYSTEMS, INC.
Full Guru Analysis for OESX>
Full Factor Report for OESX>
STURM RUGER & COMPANY INC (RGR) is a small-cap growth stock in the Recreational Products industry. The rating according to our strategy based on Motley Fool is 73% based on the firmâs underlying fundamentals and the stockâs 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: Sturm, Ruger & Company, Inc. is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States. The castings segment manufactures and sells steel investment castings and metal injection molding (MIM) parts. The Company's design and manufacturing operations are located in the United States. The Company primarily offers products in three industry product categories: rifles, pistols, and revolvers. The Company's firearms are sold through independent wholesale distributors, principally to the commercial sporting market. The Company manufactures firearm products under the Ruger name. The Company also manufactures and sells accessories and replacement parts for its firearms.
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): FAIL
AVERAGE SHARES OUTSTANDING: PASS
SALES: PASS
DAILY DOLLAR VOLUME: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: PASS
Detailed Analysis of STURM RUGER & COMPANY INC
Full Guru Analysis for RGR>
Full Factor Report for RGR>
NIU TECHNOLOGIES - ADR (NIU) is a small-cap growth stock in the Recreational Products industry. The rating according to our strategy based on Motley Fool is 69% based on the firmâs underlying fundamentals and the stockâs 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: Niu Technologies is a provider of smart urban mobility solutions. The Company is engaged in the design, manufacture and sales of smart e-scooters. The Company's products consist of three series, N, M and U, with multiple models or specifications for each series. Its NIU application synchronizes with the smart e-scooters and communicates with its cloud system. The Company enables users to receive real-time information relating to their smart e-scooters through its application.
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: 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: 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 NIU TECHNOLOGIES - ADR
Full Guru Analysis for NIU>
Full Factor Report for NIU>
DECKERS OUTDOOR CORP (DECK) is a mid-cap growth stock in the Footwear industry. The rating according to our strategy based on Motley Fool is 68% based on the firmâs underlying fundamentals and the stockâs 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: 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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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 NIU TECHNOLOGIES - ADR Full Guru Analysis for NIU> Full Factor Report for NIU> 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 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 NIU TECHNOLOGIES - ADR Full Guru Analysis for NIU> Full Factor Report for NIU> 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 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 NIU TECHNOLOGIES - ADR Full Guru Analysis for NIU> Full Factor Report for NIU> 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 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 NIU TECHNOLOGIES - ADR Full Guru Analysis for NIU> Full Factor Report for NIU> 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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cf099a01-e997-428b-8522-fc3e6921bdba
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724138.0
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2020-09-01 00:00:00 UTC
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Analysts Expect 10% Gains Ahead For QSY
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DECK
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https://www.nasdaq.com/articles/analysts-expect-10-gains-ahead-for-qsy-2020-09-01
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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 WisdomTree U.S. Quality Shareholder Yield Fund ETF (Symbol: QSY), we found that the implied analyst target price for the ETF based upon its underlying holdings is $93.70 per unit.
With QSY trading at a recent price near $85.31 per unit, that means that analysts see 9.84% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of QSY's underlying holdings with notable upside to their analyst target prices are Deckers Outdoor Corp. (Symbol: DECK), Ashland Global Holdings Inc (Symbol: ASH), and Planet Fitness Inc (Symbol: PLNT). Although DECK has traded at a recent price of $203.87/share, the average analyst target is 13.38% higher at $231.15/share. Similarly, ASH has 11.28% upside from the recent share price of $73.69 if the average analyst target price of $82.00/share is reached, and analysts on average are expecting PLNT to reach a target price of $67.00/share, which is 10.22% above the recent price of $60.79. Below is a twelve month price history chart comparing the stock performance of DECK, ASH, and PLNT:
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
WisdomTree U.S. Quality Shareholder Yield Fund ETF QSY $85.31 $93.70 9.84%
Deckers Outdoor Corp. DECK $203.87 $231.15 13.38%
Ashland Global Holdings Inc ASH $73.69 $82.00 11.28%
Planet Fitness Inc PLNT $60.79 $67.00 10.22%
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 $203.87/share, the average analyst target is 13.38% higher at $231.15/share. WisdomTree U.S. Quality Shareholder Yield Fund ETF QSY $85.31 $93.70 9.84% Deckers Outdoor Corp. DECK $203.87 $231.15 13.38% Ashland Global Holdings Inc ASH $73.69 $82.00 11.28% Planet Fitness Inc PLNT $60.79 $67.00 10.22% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of QSY's underlying holdings with notable upside to their analyst target prices are Deckers Outdoor Corp. (Symbol: DECK), Ashland Global Holdings Inc (Symbol: ASH), and Planet Fitness Inc (Symbol: PLNT).
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Three of QSY's underlying holdings with notable upside to their analyst target prices are Deckers Outdoor Corp. (Symbol: DECK), Ashland Global Holdings Inc (Symbol: ASH), and Planet Fitness Inc (Symbol: PLNT). WisdomTree U.S. Quality Shareholder Yield Fund ETF QSY $85.31 $93.70 9.84% Deckers Outdoor Corp. DECK $203.87 $231.15 13.38% Ashland Global Holdings Inc ASH $73.69 $82.00 11.28% Planet Fitness Inc PLNT $60.79 $67.00 10.22% 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 $203.87/share, the average analyst target is 13.38% higher at $231.15/share.
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Three of QSY's underlying holdings with notable upside to their analyst target prices are Deckers Outdoor Corp. (Symbol: DECK), Ashland Global Holdings Inc (Symbol: ASH), and Planet Fitness Inc (Symbol: PLNT). Although DECK has traded at a recent price of $203.87/share, the average analyst target is 13.38% higher at $231.15/share. Below is a twelve month price history chart comparing the stock performance of DECK, ASH, and PLNT: Below is a summary table of the current analyst target prices discussed above:
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WisdomTree U.S. Quality Shareholder Yield Fund ETF QSY $85.31 $93.70 9.84% Deckers Outdoor Corp. DECK $203.87 $231.15 13.38% Ashland Global Holdings Inc ASH $73.69 $82.00 11.28% Planet Fitness Inc PLNT $60.79 $67.00 10.22% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of QSY's underlying holdings with notable upside to their analyst target prices are Deckers Outdoor Corp. (Symbol: DECK), Ashland Global Holdings Inc (Symbol: ASH), and Planet Fitness Inc (Symbol: PLNT). Although DECK has traded at a recent price of $203.87/share, the average analyst target is 13.38% higher at $231.15/share.
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7e54f5f9-d491-4d6a-ae82-f7f5fb47c5af
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724139.0
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2020-08-18 00:00:00 UTC
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IWM, CHDN, DECK, PENN: Large Inflows Detected at ETF
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DECK
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https://www.nasdaq.com/articles/iwm-chdn-deck-penn%3A-large-inflows-detected-at-etf-2020-08-18
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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 ETF (Symbol: IWM) where we have detected an approximate $1.2 billion dollar inflow -- that's a 3.1% increase week over week in outstanding units (from 254,900,000 to 262,700,000). Among the largest underlying components of IWM, in trading today Churchill Downs, Inc. (Symbol: CHDN) is down about 1.3%, Deckers Outdoor Corp. (Symbol: DECK) is down about 1%, and Penn National Gaming Inc (Symbol: PENN) is higher by about 1%. For a complete list of holdings, visit the IWM Holdings page » The chart below shows the one year price performance of IWM, versus its 200 day moving average:
Looking at the chart above, IWM's low point in its 52 week range is $95.69 per share, with $170.5586 as the 52 week high point — that compares with a last trade of $155.94. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and 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 IWM, in trading today Churchill Downs, Inc. (Symbol: CHDN) is down about 1.3%, Deckers Outdoor Corp. (Symbol: DECK) is down about 1%, and Penn National Gaming Inc (Symbol: PENN) is higher by about 1%. For a complete list of holdings, visit the IWM Holdings page » The chart below shows the one year price performance of IWM, versus its 200 day moving average: Looking at the chart above, IWM's low point in its 52 week range is $95.69 per share, with $170.5586 as the 52 week high point — that compares with a last trade of $155.94. 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 IWM, in trading today Churchill Downs, Inc. (Symbol: CHDN) is down about 1.3%, Deckers Outdoor Corp. (Symbol: DECK) is down about 1%, and Penn National Gaming Inc (Symbol: PENN) is higher by about 1%. For a complete list of holdings, visit the IWM Holdings page » The chart below shows the one year price performance of IWM, versus its 200 day moving average: Looking at the chart above, IWM's low point in its 52 week range is $95.69 per share, with $170.5586 as the 52 week high point — that compares with a last trade of $155.94. 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 IWM, in trading today Churchill Downs, Inc. (Symbol: CHDN) is down about 1.3%, Deckers Outdoor Corp. (Symbol: DECK) is down about 1%, and Penn National Gaming Inc (Symbol: PENN) is higher by about 1%. 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 ETF (Symbol: IWM) where we have detected an approximate $1.2 billion dollar inflow -- that's a 3.1% increase week over week in outstanding units (from 254,900,000 to 262,700,000). For a complete list of holdings, visit the IWM Holdings page » The chart below shows the one year price performance of IWM, versus its 200 day moving average: Looking at the chart above, IWM's low point in its 52 week range is $95.69 per share, with $170.5586 as the 52 week high point — that compares with a last trade of $155.94.
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Among the largest underlying components of IWM, in trading today Churchill Downs, Inc. (Symbol: CHDN) is down about 1.3%, Deckers Outdoor Corp. (Symbol: DECK) is down about 1%, and Penn National Gaming Inc (Symbol: PENN) is higher by about 1%. 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 ETF (Symbol: IWM) where we have detected an approximate $1.2 billion dollar inflow -- that's a 3.1% increase week over week in outstanding units (from 254,900,000 to 262,700,000). For a complete list of holdings, visit the IWM Holdings page » The chart below shows the one year price performance of IWM, versus its 200 day moving average: Looking at the chart above, IWM's low point in its 52 week range is $95.69 per share, with $170.5586 as the 52 week high point — that compares with a last trade of $155.94.
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f7bc24ea-e9d3-4eed-b03d-de5d634143d6
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724140.0
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2020-08-07 00:00:00 UTC
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Notable ETF Outflow Detected - IWO, DECK, LHCG, BJ
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DECK
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https://www.nasdaq.com/articles/notable-etf-outflow-detected-iwo-deck-lhcg-bj-2020-08-07
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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 $123.2 million dollar outflow -- that's a 1.3% decrease week over week (from 41,200,000 to 40,650,000). Among the largest underlying components of IWO, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 0.4%, LHC Group Inc (Symbol: LHCG) is up about 0.9%, and BJ's Wholesale Club Holdings Inc (Symbol: BJ) is higher by about 0.5%. 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 $129.54 per share, with $226.2255 as the 52 week high point — that compares with a last trade of $226.04. 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.
|
Among the largest underlying components of IWO, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 0.4%, LHC Group Inc (Symbol: LHCG) is up about 0.9%, and BJ's Wholesale Club Holdings Inc (Symbol: BJ) is higher by about 0.5%. 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 $129.54 per share, with $226.2255 as the 52 week high point — that compares with a last trade of $226.04. 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 Deckers Outdoor Corp. (Symbol: DECK) is up about 0.4%, LHC Group Inc (Symbol: LHCG) is up about 0.9%, and BJ's Wholesale Club Holdings Inc (Symbol: BJ) is higher by about 0.5%. 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 $129.54 per share, with $226.2255 as the 52 week high point — that compares with a last trade of $226.04. 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 Deckers Outdoor Corp. (Symbol: DECK) is up about 0.4%, LHC Group Inc (Symbol: LHCG) is up about 0.9%, and BJ's Wholesale Club Holdings Inc (Symbol: BJ) is higher by about 0.5%. 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 $123.2 million dollar outflow -- that's a 1.3% decrease week over week (from 41,200,000 to 40,650,000). 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 $129.54 per share, with $226.2255 as the 52 week high point — that compares with a last trade of $226.04.
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Among the largest underlying components of IWO, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 0.4%, LHC Group Inc (Symbol: LHCG) is up about 0.9%, and BJ's Wholesale Club Holdings Inc (Symbol: BJ) is higher by about 0.5%. 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 $129.54 per share, with $226.2255 as the 52 week high point — that compares with a last trade of $226.04. 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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a396e9fa-a6dc-4a8c-9973-9de136ac2f2b
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724141.0
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2020-07-31 00:00:00 UTC
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Deckers Outdoor Corp (DECK) Q1 2021 Earnings Call Transcript
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-deck-q1-2021-earnings-call-transcript-2020-07-31
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nan
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nan
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Image source: The Motley Fool.
Deckers Outdoor Corp (NYSE: DECK)
Q1 2021 Earnings Call
Jul 30, 2020, 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 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. Instructions will be provided at that time for you queue-up for question. [Operator Instructions] I would now like to remind everyone that this conference call is being recorded.
I'll now turn the conference over to Erinn Kohler, VP of Investor Relations & Corporate Planning. Please go ahead.
Erinn Kohler -- Vice President, 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 the impact of COVID-19 on our business and operations, business partners and industry, changes in consumer behavior in the retail environment, strength of our brands and demand for our products, changes to our product allocation, distribution, and inventory management strategies, changes to our marketing plans and strategies, investments in our business and our anticipated revenues, product mix, gross margins, expenses, 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 in its SEC filings including in the Risk Factors section of its Annual Report on Form 10-K and Quarterly Report 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 and good afternoon, everyone. On behalf of the Deckers organization, I hope everyone is doing well and staying safe. As the COVID-19 pandemic continues to have devastating effects around the world, we remain committed to prioritizing the health and safety of our employees, customers, and the communities where we operate.
On our May call, we detailed our strategic approach to managing the business through this pandemic. I believe the work we have done so far this year and over the past few years has created an important foundation. Though we still expect there to be additional hurdles to overcome later this year as we approach the peak season for our largest brand.
Before I share our results for the quarter, I'd like to express my sincere gratitude to our employees for their continued commitment to working through these challenging circumstances, helping to deliver a solid first quarter. For the first quarter of fiscal year 2021, revenue was up 2% versus last year to $283 million, gross margin increased over 300 basis points to 50.3%, and we delivered a loss per share of $0.28. Many of the trends we outlined at our May call remained largely consistent through the balance of the first quarter. Our direct-to-consumer business was robust throughout the quarter, driven by triple-digit online growth in both the UGG and HOKA ONE ONE brands. However, this was mostly offset by the headwinds experienced from both owned retail store closures, as well as some wholesale doors remaining closed during a portion of the quarter.
Our first quarter performance benefited greatly from the organizational foundation we've invested in over the past few years. In addition, certain areas of our business benefited from the shift in consumer behavior as a result of the pandemic, with our ongoing key strategies amplified and accelerated by some of those trends. Omnichannel capabilities have been a key area of investment. With a distinct focus on bolstering our e-commerce competencies where we've added new targeting efficiencies, analytical tools, upgraded talent and enhanced global accessibility with our online platform.
Thanks to these investments, our digital marketing and e-commerce teams are able to efficiently and effectively transition content to authentically realign with the new marketplace realities created by the pandemic, including efforts to engage with consumers to virtual events and programs. UGG was able to adjust its plan for Pride to create a virtual prom for all event in partnership with Tommy Dorfman. HOKA had originally planned a series of in-person events surrounding the launch of the Clifton Edge. But the brand transformed those plans into the virtual challenge in partnership with Strava.
As our brands adjusted plans for in-person events to virtual, they also shifted marketing mix toward the top of the funnel in an effort to reach a new and diverse set of consumers. These are just a few examples of how our brands were nimble in optimizing sell-through of the powerful product and narrative by modifying their marketing plans amid changing marketplace conditions. Beyond our investments in digital and PR, another key area of focus has been reducing the company's reliance on core UGG product. UGG has successfully diversified its product mix through investments in innovation and design to build a counter-seasonal assortment that complements the core product offering, while continuing to manage the brand's domestic allocation and segmentation strategy.
And lastly, we have invested and will continue to invest in the HOKA brand to drive global growth and build on the brand's momentum to increase brand awareness and consideration. The strength of our e-commerce and digital marketing platforms, fueled by adaptive marketing tactics, created demand for counter seasonal UGG products and continued HOKA momentum, driving Decker's success in the first quarter. Shifting to the brand highlights from the quarter, starting with the Fashion Lifestyle group. Global UGG revenue in the first quarter was down 10% versus the prior year to $125 million, driven by a 49% decline in wholesale, which was primarily caused by the COVID-19-related wholesale door closures.
Partially offsetting the decline in wholesale, The UGG brand experienced a 53% increase in its direct-to-consumer business as e-commerce was able to more than make up for the lost volume from our owned retail store closures.
Online strength was fueled by an accelerated shift to consumer demand to online platforms and supported by the investments we have put behind our e-commerce business, resulting in a triple-digit increase in both acquired and retained consumers as compared to last year. We understand that some of these newly acquired individuals likely previously engaged with the UGG brand through a brick-and-mortar experience. But we welcome the shift in consumer purchasing to our online platform and will continue investing in the channel. Correlating to the sizable customer acquisition, the brand saw a substantial acceleration of UGG loyalty enrollments in the first quarter as compared to last year. We are especially encouraged by the UGG brand's incremental loyalty additions as members typically purchase the brand more frequently and are more likely to purchase multiple product categories.
For the first quarter, loyalty members accounted for nearly 40% of direct-to-consumer revenue, which compares to 28% for the same period last year. From a regional perspective, the domestic UGG business maintained the momentum experienced throughout fiscal year 2020 with revenue growing in the first quarter of fiscal 2021 as compared to last year. Domestic performance was fueled by 18 to 34 year-old consumers purchasing online as ugg.com saw a significant increase in consumers within this age group, representing over 40% of total online purchases in the quarter. Internationally, UGG declined versus last year primarily related to COVID-19 store closures, the multiyear marketplace reset in Europe, and the brand having a smaller e-commerce presence relative to the U.S. market, making it more challenging to offset the volume loss from retail stores.
In terms of product highlights, the UGG brand experienced global success with its slipper business through innovation of emotional and comfortable product that resonated with a broad range of consumers. We believe the gains in UGG slippers were due in part to COVID-19 related to work-from-home mandates as people seek out casual and comfortable shoes to wear in their homes in addition, the Fluff franchise's continued expansion and momentum.
The Fluff Yeah style is the brand's top ranked style in terms of revenue in the first quarter for the second year in a row. And its companion style, Oh Yeah, was number two in its introductory season. Both styles are resonating well in driving meaningful growth in both women's and kids sizing, suggesting somewhat of Mommy and Me trend. In fact, the Fluff and Oh Yeah styles drove nearly half of the total purchases by 18 to 34-year-old consumers. We believe that this hybrid slipper/sandal phenomenon that UGG created is here to stay, as the brand continues its cycle of innovation to deliver authentic product updates for new and existing consumers.
Beyond the Fluff franchise, many of the heritage slipper styles such as the Scuff, Coquette and Tasman experienced nice growth, which we believe was both incremental as well as some pull-forward demand from later in the year. We were excited about the UGG brand's recent performance with spring and summer product, especially given the brand has not typically been top of mind for the consumer this time of year. According to Google Trends, UGG experienced a 76% increase in search interest during the first quarter, underscoring the progress the design team has made developing a product that resonates with consumers during the spring and summer months. The UGG team is targeting the conversion of newly acquired consumers to repeat purchases throughout the balance of fiscal 2021.
Turning to the Performance Lifestyle Group, which is comprised of HOKA, Teva and Sanuk. Beginning with HOKA, global revenue for the first quarter increased 37% versus the prior year to $109 million. HOKA was able to grow both wholesale and direct-to-consumer channels, primarily due to the size and strength of its domestic e-commerce business as well as the rapid expansion of distributor volume internationally. Expansion of the HOKA brand internationally has been a great indicator of the accelerating consumer appetite for HOKA outside of the U.S., specifically within Europe. We feel the brand is resonating due to the frequent introduction of compelling product and powerful story talent globally. Digital growth in and customer acquisition have been a focal point building the HOKA ecosystem over the past few years. With the accelerated shift to online purchasing, our investments in digital had become even more critical.
During the quarter, HOKA direct-to-consumer experienced triple-digit revenue growth, aided by a similar triple-digit increase in customer acquisition as compared to last year. Like UGG, we believe some of the online consumer acquisition may be attributable to consumers who have purchased HOKA before at wholesale, but due to store closures, have now migrated to our website. Given the brand's marketing strategy has traditionally included in-person-based activities, we're thrilled by the HOKA team's ability to accelerate online engagement and further cement the brand's digitally led approach. There have been numerous initiatives to help drive digital engagement with the HOKA brand in the first quarter, including the brand sponsorship of the virtual IRONMAN racing series as well as the HOKA partnership with Strava to create the Ekiden challenge.
In continuing its sponsorship at the IRONMAN racing series virtually, HOKA was able to stay connected with its core consumers and potentially reach a new audience who may be following Ironman events while most other sports are on hold. Ekiden is about moving forward together and bringing out the best in each other. It's a relay-style running race that originated in Japan. Over 400,000 people across the globe participated in the Ekiden challenge, which helped create a new method of connection with consumers in the absence of in-person events, and afford HOKA the opportunity to learn more about its consumers.
The challenge was designed to coincide with the launch of the Clifton Edge, which is the latest innovation from HOKA, and has seen strong consumer demand since its introduction in early July, particularly in Europe. The HOKA brand proved to be in a position of strength during a period where many brands struggle to grow, proving the brand power it is developing. We'll look to continue fueling the HOKA brand's momentum for the balance of fiscal 2021 and beyond. Moving to Teva. Global revenue in the first quarter was down 8% versus the prior year to $35 million. Teva performance included a notable acceleration of its direct-to-consumer business in the back half of the quarter. For the quarter, DTC represented 39% of the Teva brand's revenue, which was up from 19% in the previous year. And the overall revenue declined in the quarter, the brand experienced global growth with its universal franchise styles that now feature straps made from recycled plastic.
For Sanuk, global revenue in the first quarter declined to $13 million. Similar to Teva, Sanuk is amplifying its focus on sustainability. Subsequently, at the end of our first quarter, Sanuk introduced its new SustainaSole collection. The collection is the brand's most eco-friendly shoe to-date, featuring recycled materials throughout the entire construction of the shoe. With respect to channel performance, overall, we saw significant strength with our online channel in the period, while physical retail experienced disruption from the pandemic conditions adversely impacting both owned retail and our wholesale business.
Global direct-to-consumer revenue increased 74% versus last year in the quarter. Direct-to-consumer gains in the first quarter were driven by the strong consumer demand of our brands online, in particular with both UGG and HOKA more than doubling e-commerce revenue year-over-year. Again, we believe a portion of this incremental online demand continues to be spurred by consumers actively seeking products that provide comfort for the work-from-home environment, combined with an interest to exercising the outdoors. Due to the meaningful disruption of our retail store base throughout the quarter, we are not reporting a comparable direct-to-consumer sales figure.
Global wholesale revenue decreased 27% versus last year for the first quarter. We experienced lower wholesale revenue across all brands in our portfolio, except HOKA, which was able to offset a domestic decline with higher international revenue. The pressure experienced in wholesale was primarily the result of pandemic-induced store closures across the globe. However, despite the decline of wholesale revenue, our partners also experienced growth within their e-commerce channels, which suggest our brands are taking market share from the competition. According to NPD's retail tracking service, for the months of April through June, each of our brand growth rates were more favorable than the overall marketplace.
Before handing off the call to Steve, I'd like to give an update on the status of our operations and highlight a few dynamics to consider for the balance of fiscal 2021. Our Moreno Valley distribution center continues to operate at a limited capacity, due to increased social distancing measures, taken as a precaution to maintain employee safety. Our Moreno Valley DC team and third-party logistics partners continued to work through the challenges associated with shipping higher levels of product sold through our e-commerce channel, in addition to the increasing volume of wholesale shipments, as we head into peak season.
As a result of these conditions, we anticipate higher costs associated with employee safety and increased payroll costs related to DC employees. We continue to adjust our retail store fleet operations in compliance with updated and ever-changing health and safety standards. To provide some context for our retail store operations during the first quarter, approximately 20% of our stores were open for the entire 90-day period. The average store was open for roughly half the quarter. As of this week, approximately 95% of our global stores are open, but in most cases operating at a limited capacity.
Given the ongoing and uncertain pandemic conditions, which include meaningful local and regional differences and restrictions imposed on retail store operations, we foresee potential risk of additional store closures or limitations during peak periods. Similar to our owned retail stores, many of our wholesale partner stores were closed for much of our first quarter, but have since reopened with limited operations. We have continued to work closely with our wholesale partners to identify areas of risk and make the relevant adjustments to our order book.
Given the significant portion of business remaining in this fiscal year, as well as the uncertainty around economic conditions and consumer sentiments, we still anticipate cancellations to outweigh the orders. In terms of our sourcing, during the first quarter, we operated with reduced capacity due to the implementation of social distancing measures and we continue to experience travel restrictions between country borders and production facilities. However, these disruptions have been mitigated thus far and at this time, we are not experiencing any major sourcing disruptions.
Given the first quarter is historically very different from our other three quarters in terms of channel and brand mix, and the first quarter was especially unique this year due to the marketplace conditions resulting from the COVID-19 pandemic, we know that this will not be a typical year. I'd like to take a moment to recognize some of the dynamics we are observing and that should be considered for the balance of fiscal 2021. In the first quarter just completed, approximately 49% of revenue came from direct-to-consumer, heavily weighted toward e-commerce, which is significantly above last year and our typical quarter; 38% of revenue came from HOKA, which is well beyond last year and the average quarter and less than half of the revenue came from UGG, which typically represents over 70% of total company revenue on a full year basis.
While we expect direct-to-consumer and HOKA revenue to increase as a proportion of our total revenue in fiscal 2021, we do not expect to repeat the levels of penetration experienced in this first quarter. Additionally, though we're optimistic about the UGG brand's start to fiscal 2021, the brand is a long way from its peak holiday time frame, which we are expecting to be highly competitive and feature increased level of promotional activity across the marketplace.
Starting in the second quarter, wholesale is expected to become a more impactful portion of the UGG brand revenue, especially as we move some customer shipments forward to help alleviate potential pressure during the third quarter at our distribution centers. Given the number of unknowns, we continue to approach the UGG brand's peak season with appropriate caution. To summarize, our portfolio of brands delivered an excellent quarter and an exceptionally challenging environment. I'm proud of our teams for their dedication and discipline to achieve our best first quarter result of the past nine years.
Despite the first quarter traditionally being our lowest revenue quarter, I'm encouraged by the resiliency of our brand and look forward to building on that momentum for the balance of fiscal year 2021 and beyond. The ongoing pandemic will undoubtedly present adversity throughout the year, but I'm confident in our team's ability to manage the effects on our business. With that, I'll now hand the call over to Steve to provide more details on our first quarter financial performance and provide some additional color on our strategy to manage the balance of fiscal 2021.
Steve Fasching -- chief financial officer
Thanks Dave and good afternoon, everyone. As Dave just detailed, we are extremely pleased with the organization's performance amid tough marketplace conditions. And as of June 30th, the organization maintained its strong liquidity position above $1 billion aided by the performance of our portfolio of brands that drove positive cash flow for the first quarter and is inclusive of untapped credit revolvers, totaling $470 million. Our strategic approach to managing through the pandemic and its economic impact served us well in the first quarter. We will stay the course and continue managing our business tightly by leaning on our strong operating model, while also fueling our brands to drive competitive gains in market share.
Now for our results. First quarter revenue was $283 million, up 2% versus last year, and slightly above the trends we outlined for the first half of the quarter on our Mayearnings call As compared to last year, revenue growth was driven by HOKA, which increased $29 million over the same period last year. Offsetting the HOKA brand growth was a $14 million decline in UGG, a $5 million decline in Sanuk, and a $3 million decline in Teva as compared to last year. Given the difficult marketplace dynamics during the first quarter, we were pleased to see our online channel's ability to capture consumer demand as physical store locations largely remain closed.
In addition, our online results benefited from efforts to drive consumers to our compelling product offering in our historically smallest revenue quarter. Gross margins in the first quarter were up 330 basis points over last year to 50.3%. This result was aligned with our view of the business as a favorable shift in channel mix resulted from reduced wholesale volume, including a reduction of closeouts and an increased penetration of e-commerce. We also benefited from the HOKA brand's growth and its corresponding increased mix of total company revenue. Moving to SG&A. Our dollar spend was $150.3 million, down 7% from last year's spend of $161.4 million. The decrease versus last year was driven by variable category reductions with the bulk of the year-over-year savings attributed to reduced travel and shifting a portion of marketing spend to later in the year. The combined effect of these items represent approximately $10 million of reduced operating expense in the quarter.
Income tax benefits were lower than last year due to a smaller net loss this year and a discrete tax charge in the current quarter with last year benefiting from a one-time tax refund. Our first quarter performance resulted in a loss per share of $0.28 as compared to last year's loss per share of $0.67. The $0.39 improvement versus last year was driven by higher revenue mix of HOKA including benefits from a greater portion of DTC sales, higher revenue and profitability from our domestic UGG business as DTC performance was able to offset declines in wholesale, variable expense savings primarily related to travel and marketing with partial offsets coming from lower UGG international wholesale revenue, year-over-year declines in Teva and Sanuk, no tax benefit this year, and reduced interest income compared to the same period last year.
Our balance sheet continues to remain strong. And as of June 30th, cash and equivalents were $662 million, up from $503 million at June 30th last year, and up from $649 million at March 31st of this year, making the first quarter net cash positive. Inventory was down 8% to $435 million as compared to $473 million last year. Inventory levels were down partially as a result of the intentional phasing of later receipts in order to more closely align with the timing of anticipated demand as we move into later quarters. And we had no material short-term borrowings under our existing credit lines, which have an available balance of $470 million. We did not repurchase any shares during the first quarter as we paused share repurchase activity, placing an emphasis on liquidity and cash management. Share repurchase activity remains paused for future periods, although we may commence future repurchase activity under our existing Board authorization as management deems appropriate.
Finally, given the continued uncertainty caused by the COVID-19 pandemic, we will once again not be providing specific guidance for fiscal year 2021 at this time. However, I will reiterate the major themes of our business and briefly outline our management thinking. We continue to approach fiscal year 2021 with expectations that total company revenue will decline year-over-year, though we believe HOKA will still experience growth, albeit at a lower rate than the brand's 37% increase in the first quarter. The Fashion Lifestyle Group will face headwinds related to further international softness and additional wholesale cancellations. And as our wholesale business approaches our peak period and we begin shipping higher volumes of product, it will be increasingly difficult for our e-commerce business to compensate in the same proportion we saw in Q1 with the continued disruption of the retail landscape.
Our gross margins, while we saw a meaningful improvement in the first quarter, we don't anticipate these channel and brand mix dynamics to continue for the balance of fiscal 2021 as the wholesale and distributor proportion of the business will increase. And we may also see promotional pressure in the marketplace as we move into the peak holiday timeframe. Expenses will continue to be managed tightly as we work to preserve liquidity, but we will use the success we are seeing to dial marketing up as appropriate to continue driving consumer engagement. And we will face higher costs related to distribution fulfillment as additional safety measures and higher labor costs will be incurred.
So as we look at the remainder of the year, we recognize there will be continued challenges ahead resulting from the new realities created by the COVID-19 pandemic. We are managing through these challenges that include social distancing measures in place at our Moreno Valley and third-party logistics distribution centers. Our critical focus is on maintaining employee safety as we are addressing increasing demands on our fulfillment capabilities. This will ultimately result in the organization facing higher expenses to ship less product.
To help mitigate some of the workload impacts related to these challenges, we are partnering with wholesalers to potentially ship some product earlier, which could result in the cadence of revenue looking different than previous years. Additionally, given the ongoing economic pressure, we do not yet know how our core product will sell in this environment. Consumer sentiment looms large as a tough variable to predict in this uncertain economic environment. With higher unemployment, uncertain government action and the potential for further shutdowns, we remain cautious in our approach to planning the UGG brand peak season. I'd also highlight that UGG is still facing brand heat challenges internationally, and our actions to reset the European marketplace will continue to be a drag on fiscal 2021 revenue.
With the first quarter now behind us, we are encouraged with our performance and are still in a position to play offense with our healthy and in-demand brands, but will remain diligent and course correct where necessary. As we stated on our Mayearnings call the strategic approach we have outlined to manage our business through this pandemic is expected to result in short-term pressure on operating margins, but we maintain belief that this strategy will best enable our brands to emerge in a position of strength as we move beyond the pandemic.
Thank you. And I will now turn the call back to Dave for his closing remarks.
Dave Powers -- chief executive officer, president and director
Thanks Steve. As I reflect on the quarter's performance, I remain encouraged by the power of our brands and their ability to capture consumer demand online. While myself and the management team are aware of the tough road ahead, we believe the foundation of our operating model provides our organization a unique opportunity to build market share as others are forced to take a more defensive approach.
We plan to build on the first quarter success of our e-commerce and digital platform to accelerate gains in the channel, continue fueling the HOKA brand momentum, and build awareness through digital engagement with consumers, protect the marketplace management progress we've made in UGG by leaning into key styles and converting newly acquired customers to repeat purchases, and stay true to the Deckers organization values by innovating and developing creative solutions to challenging marketplace conditions. Our company brands and balance sheet are well-positioned to manage through this crisis. We will remain flexible to adapt to changing circumstances and make decisions in the best interest of our brands.
I'd also like to take a moment to recognize our longest tenured Board member, John M. Gibbons, as he plans to retire in the current quarter. I want to thank John for his 20 years of service on our Board of Directors. John's contributions including his time as our Chairman and his leadership of the Audit Committee have helped build the successful organization that we have today. John's leadership will be missed, and I'm thankful for his continued friendship. As we make this announcement, John asked me to express his gratitude for the trust and support of Deckers' stakeholders throughout his many years of service to the organization. We wish John the best in his retirement.
Before I hand off to the operator for Q&A, I'd like to acknowledge the social movement happening across the United States over the past few months. The foundational belief of the Deckers organization is 'Better Together.' Our core values compel the organization to seek an active stance against racism, discrimination, and intolerance of any form. Deckers is an anti-racist organization, and we are actively taking steps to become better allies through continuous evaluation and improvement of internal practices, investments in education, and continuing to build a more inclusive workplace.
Thank you to all of our employees for their exceptional efforts and commitment to our strategies. On behalf of Deckers, I hope everyone stays healthy and safe. With that, I'll turn the call back over to the operator for Q&A. Operator?
Questions and Answers:
Operator
We will begin the question-and-answer session. [Operator Instructions] Our first question is from Camilo Lyon from BTIG. Go ahead.
Camilo Lyon -- BTIG -- Analyst
Thank you. Good morning -- good afternoon everyone. How are you?
Dave Powers -- chief executive officer, president and director
Good.
Camilo Lyon -- BTIG -- Analyst
Doing well. So, thank you for all the details, and nice job on the quarter in a tough environment. I guess I wanted to first focus on last call, you talked about the mid-quarter performance. I believe it was down mid-single-digits. You ended the quarter down 10. And then you also talked about some forward shipments that were moved into this quarter. It sounded like as you're trying to alleviate some of the burden in your DC.
Could you just articulate a little bit more around what happened in the quarter? And if at all, that's influencing how retailers are viewing their fall/winters orders with you, particularly domestically in light of the backlog, I think last time being flat.
Dave Powers -- chief executive officer, president and director
Right. Yes. So Camilo, I'll take that one. I think as we look at what happened in Q1 and on the UGG business, we were down. And that was really driven largely by wholesale being closed for the good, good portion of the quarter. And so we saw things really kind of ramp back up in business in terms of what we were seeing. I think that's what led to delivering the quarter a little bit better than kind of where we were at, call it, mid-May. So we finished the second half of the quarter a little bit stronger.
The reference that we're making in terms of the second quarter, which is typically a high wholesale selling quarter, the cadence of that quarter tends to be more back half Q2 loaded. So that's really when we see historically the wholesale accounts beginning to take their orders. We've been working with them to in light of the social distancing and capability issues that we're going to have at our DCs, to take things earlier. We're beginning to see some of that take hold. So in Q2, we're beginning to see some wholesalers give us signals they're taking product earlier. We expect that to kind of continue through the quarter. And that's where it changes the shape of the quarter a little bit. So we'll see how that kind of how that plays out. It is all part of our strategy of taking some of the pressure off the peak period that will allow us to be more focused on fulfillment of our DTC channel as well as potentially if we're able to get follow-up orders on wholesale.
So still a work in progress, I think we've seen a strong start to the second quarter. We know this year looks different than last. And we're just trying to smooth that out, where historically again, we see a lot of pressure on the back half of the quarter. We're trying to smooth some of that out to the earlier part of the quarter.
Camilo Lyon -- BTIG -- Analyst
Got it. That's really helpful. Thank you. And I guess the second question relates to really the expense management and the shifts on marketing. Similar sort of line of questioning, maybe if you can just highlight how much of that was marketing pushed out? My guess is that that's probably going to be concentrated in the second quarter, the second fiscal quarter or maybe early third quarter. But just a sense as to what that is. And from a higher level, the ability to take expenses down like this, is this something that you've realized that you have become more efficient with, that you can start to carry forward more going as we go through the year, this year, next year and years beyond to create a faster leverage point in the business model?
Steve Fasching -- Deckers Outdoor Corp -- chief financial officer
Yes, Camilo, I'll take that one. So a few things just on marketing. The first thing that was really encouraging for us is we found that our demand the demand for our brands was very strong, particularly UGG and HOKA. And so we were able to actually pull back on some of the marketing spend as the demand for online business was already there.
A couple of other things we did is we due to the social distancing, there was a lot of creative work that we would normally do in Q1 that we just weren't able to do in this environment. But we did shift a lot of the marketing dollars to top of funnel and more PR related and user-generated content.
So I think the teams have done a phenomenal job being flexible and agile and really managing the efficiency and the effectiveness of our marketing spend. And I think that was demonstrated pretty solidly in Q1 with their ability to shift to be of the moment with the conversation that's going on among our consumers, to shift the marketing spend on a daily, sometimes hourly basis to maximize return. And then just be smart with where we're investing it, to make sure we're getting the spend and it's worth our time in Q1.
And what we found is there were some opportunities to keep that powder dry for later in the year, particularly Q2 and Q3 with the strength and the demand of our brands during this environment. So we're going to continue to use that as a lever to adjust spend and profitability as we go forward. But as we've said before, we are going to continue to use this opportunity to invest in our brands and drive the power of those brands and growth with the goal of creating more awareness, consideration and acquisition and also taking share.
Dave Powers -- chief executive officer, president and director
And then just also, Camilo, on that point aside from the market, and we indicated that a large portion of the savings in the quarter was related to travel. We'll be able to continue to s Ave that in the current environment, but it will be offset, as we talked about in the prepared remarks with increased costs related to our fulfillment and DC costs. So you're going to see, as Dave said, increases in Q2, Q3 related to marketing as we invest in that and redeploy some of those Q1 dollars. We'll see higher costs related to fulfillment and distribution center costs. And we'll have some savings related to reduced travel.
Camilo Lyon -- BTIG -- Analyst
Okay. So overall, we should expect to continue to see SG&A dollar growth for the balance of the year?
Steve Fasching -- Deckers Outdoor Corp -- chief financial officer
I think that's a fair way to probably look at it.
Dave Powers -- chief executive officer, president and director
Yeah, in line with business trends, but we do have the ability in certain areas to flex depending on the business trend. But the one thing we do need to make sure we spend is on DC to be able to deliver product to our customers and to our accounts.
Camilo Lyon -- BTIG -- Analyst
Got it. And then just a follow-up on my first question, I don't know if it was addressed. Just was there any change to the order book as time unfolded since the last call and stores reopened and your wholesale partners got a little bit better sense of demand, not only in their own stores or their online channels, but demand for your brand?
Steve Fasching -- Deckers Outdoor Corp -- chief financial officer
Yeah. So I would say, Camilo, first, the demand for the brand still remains very strong. We have seen some cancellations as people are, kind of, getting back to business and seeing selling conditions. We indicated that we expected to see some and we have seen that. So no surprises. The brands are still strong. We have seen some cancellations, which we expected.
Dave Powers -- chief executive officer, president and director
Yeah. And just one other thing to be aware of it, lot of our partners sold through lot of inventory in their stores. So, folks that had omnichannel capabilities where they could ship from store. They depleted those store inventories. But since then, they've been slow to reopen those stores and some of them not opened at all yet. They haven't had to refill the inventory at a store level. They're maintaining, obviously their e-commerce business. But that's another dynamic that we're going to have to keep a close eye on as we move through the quarter.
Camilo Lyon -- BTIG -- Analyst
Got it Thanks so much guys. Good luck.
Steve Fasching -- Deckers Outdoor Corp -- chief financial officer
Thanks, Camilo.
Operator
Our next question is from Jonathan Komp from Baird. Go ahead.
Jonathan Komp -- Baird -- Analyst
Yeah. Hi, thank you. I wanted to start there first on inventory just to follow-up. I want to ask about how you're feeling about the inventory levels across the product lines for UGG and HOKA. UGG maybe looks like a few areas online that are alight today. And just as a follow-up to the order dynamic, are you seeing retailers trying to shift some of the risk back to you in terms of hoping to chase business later in the year? Just any color there would be helpful.
Dave Powers -- chief executive officer, president and director
Yeah. Sure, John. As we look at inventory, clearly we're pleased with an 8% kind of reduction coming from UGG, and that's really, as you said, kind of driven by the strong performance that we've seen online. So product resonating with consumers and selling through very well online. We have increases in HOKA as that brand continues to grow very rapidly. We want to make sure we have inventory to support the growing level of sales. So we've seen an increase in inventory related to the HOKA brand.
With UGG, kind of in reference of where you're seeing some products in, this year, what we have done is intentionally shift more products to later. Last year, we were receiving products earlier. So from a timing perspective, we're going to see inventory coming in a little bit later this year versus last year. That's contributing to the improvement in lower inventory that we're seeing this year.
So from an overall inventory position, we're comfortable with where we're at. We've got inventory to support the level of sales that we're delivering. And it's making sure we're bringing in where we see that pickup in sales. So that's been an area of focus. And in cases, we are bringing more inventory and to support the level of online sales that we've been seeing. So feel good about where we're at and we're continuing to manage it very closely.
Steve Fasching -- Deckers Outdoor Corp -- chief financial officer
Yes. And then just to add in on the whole sale shifting risk to us. I mean we are seeing a bigger demand and drop ship, and that's something we're evaluating closely from a cost and effectiveness perspective. And then wholesalers are also cautious. So they're making sure that they're only bringing in inventory if and when they need it. Certainly, UGG and HOKA and even Teva are strong brands in their portfolios, and there's still a lot of demand. But they are being more cautious overall in managing their inventory levels between stores and warehouse for e-commerce.
Dave Powers -- chief executive officer, president and director
Yes. And related to that, John, just on that too, as we talked about in the prepared remarks, we're working with wholesale accounts. So to your point, yes, some would like to defer. But given the current environment that we're operating and limited capabilities that we potentially have at DCs, we are encouraging wholesalers to take that product earlier because it will be hard. If they try to push it off to our peak period and we're fulfilling direct-to-consumer sales at the same time, it's going to be hard to do that. So we're working with them. We're getting positive, I would say, response in terms of a willingness to actually take some product earlier this year.
Jonathan Komp -- Baird -- Analyst
Okay, great. And then maybe more of a product focus for the second half of the calendar year here, just curious first on the core book business. Dave, if you have any thoughts to share on headwinds or tailwinds that you see as you look at the business, and then more broadly for UGG and HOKA, just some of the extensions more important lifestyle that you've talked about in the past on the apparel side. Could you just give an update on plans for both of those and what you're expecting?
Dave Powers -- chief executive officer, president and director
Yes, happy to. It's really interesting to see the shift in categories within the UGG band. And traditionally as you all know, we've been traditionally heavily reliant on the core franchise and obviously this time of year, the business is smaller and particularly driven by core. So we've seen a significant shift with the phenomenon of the Fluff franchise.
I do think that UGG has somewhat created this slipper/sandal hybrid category that we're seeing tremendous success in. We're going to continue to drive that. We're chasing inventory in colors, there's an incredible amount of new product iterations and colors, continuing to drop throughout the quarter. We're expanding that into spring and summer next year.
So that is a category that we're going to go after it aggressively and continue to dominate in that category. And what's great about it is, we're seeing a younger, more diverse consumer adopting that category, particularly online. So that's very encouraging. As you know, we've been working at spring and summer for some time now. We now have an ownable position in there that's resonating, particularly in the U.S. and starting to gain legs in international.
The classics business is still important. What we have done with the back half of the year is reduced inventory in things like fashion boots. We're still expecting people to be working from home and going out less than -- more reliant on comfort at home. We do think that work for home we'll have a -- probably -- could have, I should say, a positive impact on the classics business. But people are more casual, and they just want to get outside. But we're continuing to manage the mix of categories and inventory and feel really good about the trends that you're starting to see within these new developing categories.
As far as lifestyle, actually both HOKA and UGG did have good sell-through of their lifestyle product in this quarter, although, both are very, very small for us this time of the year. But we are encouraged by what we saw in HOKA with the catalog drop and the reaction to that and some of the products online. So there's a good sign of opportunity there for the HOKA brand.
And then we have a significant -- our mostly significant launch, I would say, ever this fall for UGG with some new product that we think is going to be pretty exciting and compelling. And you'll see that in partnership with Nordstrom and select doors, in our flagship store that we'll be opening in the tail end of the calendar year on Fifth Avenue and certainly on our e-commerce site.
So this year is only about test the waters, feel the kind of reaction we get from some of the new products in lifestyle for both HOKA and UGG, and then ramp up from there. But so far, we're optimistic about the potential and what we're seeing in the -- reacting to the consumer.
Jonathan Komp -- Baird -- Analyst
Okay. That's really helpful. Thank you.
Dave Powers -- chief executive officer, president and director
You bet.
Operator
Our next question is from Tom Nikic from Wells Fargo. Go ahead.
Tom Nikic -- Wells Fargo -- Analyst
Hey. Good afternoon, guys. Thanks for taking my question.
Dave Powers -- chief executive officer, president and director
Hi, Tom.
Tom Nikic -- Wells Fargo -- Analyst
I want to ask about HOKA. You said that you would expect the growth for the balance of the year to be slower than what you saw in Q1, which sounds a little counterintuitive, given the pandemic impact in Q1. And I would think that in a more normal wholesale environment, you'd be able to do better with wholesale for the balance of the year. So is there any particular reason why you would think that HOKA would slow? And then also, just I want to ask about the test with the exporting good and how that's going so far?
Dave Powers -- chief executive officer, president and director
Yeah. So, I think, at this point, we're very pleased, obviously, with the results of HOKA. This quarter performed better than we expected back in May, when we were talking about it. The success of the HOKA ecosystem, which we call it, which is really about balancing strategic access points for our consumer with key accounts and staying focused on a reduced tight distribution at wholesale and then really leveraging that to create awareness and excitement, but ultimately driving consumers to our website that we can cultivate for the long term.
We're going to continue on that trend. I think, what you see in the rest of the year is reflected in how we've talked about it, is just the uncertainty that we see out in the environment with regards to wholesale. I still think we can drive excitement and revenue in e-commerce. But on a global scale, the wholesale is still the area that we're still cautious about.
The brand has also delayed a couple of the product launches and to make sure that we can execute and keep the marketplace clean due to some of the store closures and wholesale. That's serving us well. So we're still optimistic. We're still planning on having a growth year, but we're just being a little bit cautious with the uncertainty on how things are going to pan out in the back half of the year for that brand. But still certainly, a strong important brand for our wholesalers, those that can open stores and have an online business, but continuing to drive the e-commerce business as a priority.
With regards to DICK'S, it's going very well. It's in about 11 stores right now. That's one we're taking slow cautious approach with. We want to focus on high sell-throughs, quality sales with that partner. And again, it's something where you can continue to evaluate, but it's off to a good start. DICK'S is happy, we're happy, and we'll evaluate that within the mix of the ecosystem going forward.
Tom Nikic -- Wells Fargo -- Analyst
Sounds good. Thanks very much and best of luck for the rest of the year.
Dave Powers -- chief executive officer, president and director
You bet. Thanks, Tom.
Operator
Our next question is from Sam Poser from Susquehanna. Go ahead.
Sam Poser -- Susquehanna -- Analyst
Good afternoon. Thanks for taking my questions. I hope everyone is great. A couple of things, one, can you give us you mentioned it was UGG. Can you give us the wholesale for the direct-to-consumer, year-over-year increase by brand, please, for the quarter? And then I have a couple more.
Dave Powers -- chief executive officer, president and director
The wholesale you said the UGG brand...
Sam Poser -- Susquehanna -- Analyst
You gave us the UGG wholesale, you gave us the wholesale increase in your prepared remarks. Could you give us the wholesale revenue increase for the balance of the brand?
Dave Powers -- chief executive officer, president and director
Non-UGG brands is what you're asking for?
Sam Poser -- Susquehanna -- Analyst
Right. For Teva, HOKA Sanuk and the other and other, yes.
Dave Powers -- chief executive officer, president and director
Yes, sure. So HOKA was up 10% on the wholesale. Teva on wholesale was down 30%, right. Sanuk was down wholesale 50%. And other brands was small, I mean, nothing, small dollars.
Sam Poser -- Susquehanna -- Analyst
Okay. Thank you. And then can you give us a little more color on this UGG shipping shift? And are you and in order to get the retailer, are you having them take not only goods earlier in the quarter, but are you trying to have them shift some receipts from Q3 into Q2 as well? And are you working with them by giving them extended dating on that product in order so they go with it?
Dave Powers -- chief executive officer, president and director
Yes. Yes. So what we're kind of yes to all of the above. What we're doing is within the quarter, we're trying to move things earlier, right, which we're working on and seeing some progress on that front. Additionally, as we get into Q3, we're encouraging them to look at taking deliveries in Q2. That's still work in progress.
We're continuing to work on that. And where we're seeing a willingness to take product earlier, we're working with them to help facilitate that. So and it really kind of depends on the circumstances in the customers, but where we can get them to take it earlier, we're definitely willing to provide and work with them and accommodating that.
Sam Poser -- Susquehanna -- Analyst
So if we think about the two quarters separately for UGG wholesale from a like from a year-over-year basis, do you expect Q3 to be like better like I mean, down because of the shifting down less than Q4 or up less, or however, you want to look at it, then I mean -- or sorry, Q2 up less than Q3 or not? How should we think about that sort of between quarters without telling us -- you don't want to guide. So -- but I mean should you think about Q2 on a year-over-year basis being better than Q3 or vice versa?
Dave Powers -- chief executive officer, president and director
Yes. So, again, looking at the quarter I think without giving guidance, just how we're looking at it because we don't yet know how much traction we're going to get in terms of how much of that product may shift out of Q3 into Q2.
Ideally, what we would like to see is more product than say, what you saw a year ago, kind of coming into Q2, which would be then lower for that business Q3. So that October through December quarter, the more we could get moved into Q2, our September ending quarter, we would like to do. We don't know how successful we're going to be at that.
Clearly, wholesale customers want their product. We would like them to get it and make sure that they have it and they're ready for the selling season. So, I can't answer that question. That's why we're -- part of the reason we're not giving guidance, but we are trying to move more of that Q3 wholesale into Q2where we can.
Sam Poser -- Susquehanna -- Analyst
And two more things, that's, one, because you want to make sure you can handle the direct-to-consumer during the holiday, number one. That's number one. And two on a separate issue, can you -- where are you on chasing that very strong slipper and slide business with UGGs right now? And just where are you with that? Because I hear the demand is -- you also talked about the demand there being very good.
Dave Powers -- chief executive officer, president and director
Yes. So just a couple of things on that, Sam. I can't underscore enough the importance of us focusing our Q3 DC efforts on our e-commerce business, despite that we expect to get an e-commerce in a short period of time, the last call it, six to eight weeks of the calendar year is going to be intense. And with social distancing challenges in our DCs, we really needed as many wholesale out quarters out as soon as we can.
So, we're hopeful that our partners will be supportive of that, and we're seeing some success there. But this is such a hard year to call with regards to timing and what's going to happen in the quarter.
So, we're doing everything we can to make sure that that happens. But we're really trying to make sure that we're ready and able to service the e-commerce business in that peak period because it's so critical and a lot of handling on the individual orders.
With regards to the Fluff franchise, I'd say we're in pretty good shape. We were bullish on this from an order perspective. We've been supporting this category, seeing inventory going to buys from our categories into this as well as I said, there's a lot of newness coming in drops that will help fuel the excitement in demand. So, we do feel good about our position on that. Certainly, the demand is very high, and that's super exciting and we see that continuing not just in Q2 and Q3, but also intoQ4 as well.
Sam Poser -- Susquehanna -- Analyst
Thank you very much. Continue to success.
Dave Powers -- chief executive officer, president and director
Thanks Sam.
Steve Fasching -- Deckers Outdoor Corp -- chief financial officer
Thanks Sam.
Operator
Our next question is from Jay Sole from UBS. Go ahead.
Jay Sole -- UBS -- Analyst
Great. Thank you so much. Dave, I wanted to ask you about HOKA. You mentioned you were pleased with some of the growth you saw in Europe. And some of the storytelling there was sort of a factor in that. Can you just tell us a little bit about those stores you're telling and given the size of HOKA in Europe now? And what you see the prospects are for future growth going forward?
Dave Powers -- chief executive officer, president and director
Yes. Essentially, what we're seeing in Europe is a few things. One is we do have an emerging and strong e-commerce business there, but it's still small. And in comparison to the U.S., e-commerce internationally is something that we're focusing on and really trying to build. The growth percentages there are very strong, but it's still smaller as the total business.
We did mention distributors in the script. We have a very strong distributor in the northern part of Europe, and they've been less affected by the COVID situation, so their orders are still strong and helping in the quarter.
But the brand is certainly resonating. We launched the Clifton Edge this last month. Europe was very successful with that launch, and there was great demand for that product over there. But essentially what you're seeing, globally really not just Europe, is executing on a playbook that the brand has put together. And what that really is, is reaching a diverse consumer through real-life stories of our users. And so we're championing individual athletes who are making bold statements in the world and in their lives and using HOKA to improve and change their lives. And we're letting them tell their stories, and we're partnering with people who do that for us.
And so that's creating a great level of awareness across a broad range of consumers and tapping into an emotional connection that is really powerful. And we've said from day one, we'll let the consumers speak about the product and let them talk about how it's affecting their lives and the performance of it. And that's the formula that is resonating.
So we're continuing to do that with Humans of HOKA, storytelling and tapping into the virtual Ironman and some of our athletes, and leveraging even some of the smaller running groups on a local basis to use their content and their storytelling to really spread the word of the brand and create the authentic and meaningful connection with the consumer that we're seeing.
Jay Sole -- UBS -- Analyst
Got it. Thank you so much.
Dave Powers -- chief executive officer, president and director
You bet.
Operator
Our next question is from Paul Lejuez from Citi Research. Go ahead.
Paul Lejuez -- Citi Research -- Analyst
Hey, guys, Paul Lejuez. Two questions, one, I guess can you talk a little bit about the state of HOKA inventory within the specialty channel and how your retail partners have been able to sell-through product as their stores have reopened?
And then second, you did mention you expect further challenges as a result of COVID. Are there any that did not show up in 1Q that you're already seeing in 2Q in terms of challenges? Or was that more of a general statement being cautious? Thanks.
Dave Powers -- chief executive officer, president and director
Yeah. I'll take the second one first. I think some of the challenges that we thought we would see, we didn't necessarily see it. And I think what we are seeing, we talked about this in the script is I would call it, there's an acceleration to the Fluff franchise and HOKA and also Teva from the work in home -- work-from-home environment where people either from UGG perspective want to be comfortable and are seeking out footwear that is comfortable, but still stylish. But also, they're trying to get outdoors and be healthy again, whether that's running or whether that's hiking or camping or going on family trips and national parks. This has been an accelerator, I think, for both HOKA and Teva at the same time as UGG. So that's a dynamic that we saw emerging, but it prove to be a lot more powerful than we thought. And so I definitely think we're benefiting from that.
But certainly, if we didn't have the product that the brand's created and the innovation that we put into the marketplace along with the emotional connection in the marketing, we wouldn't be able to capitalize on that. So I think the brands have done a phenomenal job of taking advantage of the situation, being sensitive to the moment and connecting with consumers on an authentic and personal level, and driving the health of the brand.
As far as HOKA inventory in the channel, early on the HOKA team did a great job of pushing out deliveries, so that the wholesale partners could sell-through existing inventories. They wouldn't get stuck with it. And they have been very focused on executing a clean marketplace, high full-price sell-through, very little liquidation in the marketplace. And that is continuing. And I would say, the wholesale inventory situation for HOKA, as well as our other brands as well are very strong, very healthy and not a lot of markdowns. But again, we're cautious going forward because we think the environment is still going to be very uncertain. But right now as it stands, the marketplace wholesale inventory is healthy and strong.
Steve Fasching -- Deckers Outdoor Corp -- chief financial officer
Yes. And Paul, also just to add on to that, I think kind of what we're talking about too, keep in mind the significant increase in volumes that we're starting to talk about. So one difference between Q1and kind of later Q2 and Q3, we start getting into significantly higher volumes. And so that's where we want to make sure we're in a position to be able to fulfill. So when you hear us kind of all the things that we're trying to do is trying to mitigate some of that peak demand period and reducing the load on our DCs.
Paul Lejuez -- Citi Research -- Analyst
Got it. Thanks.
Steve Fasching -- Deckers Outdoor Corp -- chief financial officer
Yes. That's our biggest challenge, for sure. And then the other thing to just keep in mind that's important for everybody to understand is this mix of this quarter versus the rest of the year. It's going to be very different. So it's not only a very different quarter, it's the whole year in the mix of business and how -- and the cadence and flow of it is going to be something that we haven't seen before. But we're feeling good about how we're able to manage through that.
Paul Lejuez -- Citi Research -- Analyst
Got it. Thank you, guys. Good luck
Steve Fasching -- Deckers Outdoor Corp -- chief financial officer
Thanks Paul.
Operator
Our next question is from Jim Duffy from Stifel. Go ahead.
Jim Duffy -- Stifel -- Analyst
Thank you. A Few questions for me. First, on the topic of e-commerce business and the social distancing protocols start hitting operations, what are some of the other things you guys are doing to help through core capacity as you get into that peak season? And I'm curious does it make sense to incentivize consumers to purchase earlier as well?
Dave Powers -- chief executive officer, president and director
Yes. We're the supply chain teams have been an exceptional job at managing not only the flow of product from a production standpoint, but also working with our partners and the sales teams on D.C. bypass. So the increase that we're seeing in D.C. bypass versus last year has been significant and meaningful, so that's been super helpful.
Partners are willing in some cases have shown to be able to take some inventory earlier. And so those are the tactics that we're using. As far as incentivizing consumers to shop earlier, I think with new introductions of product, they're doing that.
And I think when we get into kind of core classics business that is real business driver in Q2 and Q3, we can look at that, but we certainly don't want to get promotional or do incentives that are going to damage the brand or margins at the sake of getting people to shop earlier. But I think we'll get creative around it and just use the effective marketing and PR tools that we've developed to be able to drive excitement at the right times and try to get people to shop a little earlier.
Jim Duffy -- Stifel -- Analyst
And then I also wanted to ask a question on HOKA global reach. It sounds like growth has been very strong with international distributors. Historically, international has been about half the global pairs. Are the international pairs is now higher than the U.S.? And then how do you split the mix for HOKA brands of international between Europe and other regions?
Dave Powers -- chief executive officer, president and director
Yes. So from a unit perspective, I think where you're trying to go, Jim, is we're probably looking at equivalent units, right, that we have higher dollar revenue in the U.S. because of the distribution channels that we're using versus distributors internationally. We are seeing growth in both. So the international growth is coming on strong as units are catching up to what we're doing in the U.S. And then the second part of your question again was?
Jim Duffy -- Stifel -- Analyst
The mix of the international business that's from Europe versus other regions.
Dave Powers -- chief executive officer, president and director
Yeah. So, Europe is definitely our strongest international region for HOKA. Japan, smaller market, doing very well and really just starting to get into China. So, Europe, by far, on the international front, biggest and most mature, but still growing very rapidly.
Jim Duffy -- Stifel -- Analyst
Thank you.
Dave Powers -- chief executive officer, president and director
Thank you.
Operator
[Operator Closing Remarks].
Duration: 64 minutes
Call participants:
Erinn Kohler -- Vice President, Investor Relations &Corporate Planning
Dave Powers -- chief executive officer, president and director
Steve Fasching -- Deckers Outdoor Corp -- chief financial officer
Camilo Lyon -- BTIG -- Analyst
Jonathan Komp -- Baird -- Analyst
Tom Nikic -- Wells Fargo -- Analyst
Sam Poser -- Susquehanna -- Analyst
Jay Sole -- UBS -- Analyst
Paul Lejuez -- Citi Research -- Analyst
Jim Duffy -- Stifel -- Analyst
More DECK analysis
All earnings call transcripts
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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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Steve Fasching -- Deckers Outdoor Corp -- chief financial officer Yes. Deckers Outdoor Corp (NYSE: DECK) Q1 2021 Earnings Call Jul 30, 2020, 4:30 p.m. Welcome to the Deckers Brands First Quarter Fiscal 2021 Earnings Conference Call.
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Steve Fasching -- Deckers Outdoor Corp -- chief financial officer Yes. Duration: 64 minutes Call participants: Erinn Kohler -- Vice President, Investor Relations &Corporate Planning Dave Powers -- chief executive officer, president and director Steve Fasching -- Deckers Outdoor Corp -- chief financial officer Camilo Lyon -- BTIG -- Analyst Jonathan Komp -- Baird -- Analyst Tom Nikic -- Wells Fargo -- Analyst Sam Poser -- Susquehanna -- Analyst Jay Sole -- UBS -- Analyst Paul Lejuez -- Citi Research -- Analyst Jim Duffy -- Stifel -- Analyst More DECK analysis All earnings call transcripts {%sfr%} 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q1 2021 Earnings Call Jul 30, 2020, 4:30 p.m.
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Steve Fasching -- Deckers Outdoor Corp -- chief financial officer Yes. Duration: 64 minutes Call participants: Erinn Kohler -- Vice President, Investor Relations &Corporate Planning Dave Powers -- chief executive officer, president and director Steve Fasching -- Deckers Outdoor Corp -- chief financial officer Camilo Lyon -- BTIG -- Analyst Jonathan Komp -- Baird -- Analyst Tom Nikic -- Wells Fargo -- Analyst Sam Poser -- Susquehanna -- Analyst Jay Sole -- UBS -- Analyst Paul Lejuez -- Citi Research -- Analyst Jim Duffy -- Stifel -- Analyst More DECK analysis All earnings call transcripts {%sfr%} 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q1 2021 Earnings Call Jul 30, 2020, 4:30 p.m.
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Steve Fasching -- Deckers Outdoor Corp -- chief financial officer Yes. Duration: 64 minutes Call participants: Erinn Kohler -- Vice President, Investor Relations &Corporate Planning Dave Powers -- chief executive officer, president and director Steve Fasching -- Deckers Outdoor Corp -- chief financial officer Camilo Lyon -- BTIG -- Analyst Jonathan Komp -- Baird -- Analyst Tom Nikic -- Wells Fargo -- Analyst Sam Poser -- Susquehanna -- Analyst Jay Sole -- UBS -- Analyst Paul Lejuez -- Citi Research -- Analyst Jim Duffy -- Stifel -- Analyst More DECK analysis All earnings call transcripts {%sfr%} 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q1 2021 Earnings Call Jul 30, 2020, 4:30 p.m.
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5e3a4766-562f-4a22-a77e-7c00486d037c
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724142.0
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2020-07-30 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-2020-07-30
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(RTTNews) - Below are the earnings highlights for Deckers Outdoor Corp (DECK):
-Earnings: -$7.97 million in Q1 vs. -$19.35 million in the same period last year. -EPS: -$0.28 in Q1 vs. -$0.67 in the same period last year. -Analysts projected -$1.11 per share -Revenue: $283.17 million in Q1 vs. $276.84 million in the same period last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for Deckers Outdoor Corp (DECK): -Earnings: -$7.97 million in Q1 vs. -$19.35 million in the same period last year. -Analysts projected -$1.11 per share -Revenue: $283.17 million in Q1 vs. $276.84 million in the same period last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for Deckers Outdoor Corp (DECK): -Earnings: -$7.97 million in Q1 vs. -$19.35 million in the same period last year. -EPS: -$0.28 in Q1 vs. -$0.67 in the same period last year. -Analysts projected -$1.11 per share -Revenue: $283.17 million in Q1 vs. $276.84 million in the same period last year.
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(RTTNews) - Below are the earnings highlights for Deckers Outdoor Corp (DECK): -Earnings: -$7.97 million in Q1 vs. -$19.35 million in the same period last year. -Analysts projected -$1.11 per share -Revenue: $283.17 million in Q1 vs. $276.84 million in the same period last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for Deckers Outdoor Corp (DECK): -Earnings: -$7.97 million in Q1 vs. -$19.35 million in the same period last year. -Analysts projected -$1.11 per share -Revenue: $283.17 million in Q1 vs. $276.84 million in the same period last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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7dbc8190-d8ea-4db1-ae5c-7f5a5a679f86
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724143.0
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2020-07-22 00:00:00 UTC
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Notable ETF Inflow Detected - IWO, DECK, BJ, LHCG
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DECK
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https://www.nasdaq.com/articles/notable-etf-inflow-detected-iwo-deck-bj-lhcg-2020-07-22
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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 $140.1 million dollar inflow -- that's a 1.6% increase week over week in outstanding units (from 41,200,000 to 41,850,000). Among the largest underlying components of IWO, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 3.2%, BJ's Wholesale Club Holdings Inc (Symbol: BJ) is up about 0.4%, and LHC Group Inc (Symbol: LHCG) is higher by about 0.5%. 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 $129.54 per share, with $226.2255 as the 52 week high point — that compares with a last trade of $216.29. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and 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 Deckers Outdoor Corp. (Symbol: DECK) is up about 3.2%, BJ's Wholesale Club Holdings Inc (Symbol: BJ) is up about 0.4%, and LHC Group Inc (Symbol: LHCG) is higher by about 0.5%. 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 $129.54 per share, with $226.2255 as the 52 week high point — that compares with a last trade of $216.29. 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 Deckers Outdoor Corp. (Symbol: DECK) is up about 3.2%, BJ's Wholesale Club Holdings Inc (Symbol: BJ) is up about 0.4%, and LHC Group Inc (Symbol: LHCG) is higher by about 0.5%. 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 $129.54 per share, with $226.2255 as the 52 week high point — that compares with a last trade of $216.29. 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 IWO, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 3.2%, BJ's Wholesale Club Holdings Inc (Symbol: BJ) is up about 0.4%, and LHC Group Inc (Symbol: LHCG) is higher by about 0.5%. 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 $140.1 million dollar inflow -- that's a 1.6% increase week over week in outstanding units (from 41,200,000 to 41,850,000). 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 $129.54 per share, with $226.2255 as the 52 week high point — that compares with a last trade of $216.29.
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Among the largest underlying components of IWO, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 3.2%, BJ's Wholesale Club Holdings Inc (Symbol: BJ) is up about 0.4%, and LHC Group Inc (Symbol: LHCG) is higher by about 0.5%. 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 $140.1 million dollar inflow -- that's a 1.6% increase week over week in outstanding units (from 41,200,000 to 41,850,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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b0a5f4f7-c20c-42a2-bda3-75e831133de3
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724144.0
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2020-07-16 00:00:00 UTC
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IWM, OVF: Big ETF Outflows
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DECK
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https://www.nasdaq.com/articles/iwm-ovf%3A-big-etf-outflows-2020-07-16
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nan
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares Russell 2000 ETF, where 8,250,000 units were destroyed, or a 3.1% decrease week over week. Among the largest underlying components of IWM, in morning trading today Novavax is up about 6.3%, and Deckers Outdoor is higher by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the OVF ETF, which lost 300,000 of its units, representing a 37.5% decline in outstanding units compared to the week prior.
VIDEO: IWM, OVF: Big ETF 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 IWM, in morning trading today Novavax is up about 6.3%, and Deckers Outdoor is higher by about 0.1%. And on a percentage change basis, the ETF with the biggest outflow was the OVF ETF, which lost 300,000 of its units, representing a 37.5% decline in outstanding units compared to the week prior. VIDEO: IWM, OVF: Big ETF 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 IWM, in morning trading today Novavax is up about 6.3%, and Deckers Outdoor is higher by about 0.1%. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares Russell 2000 ETF, where 8,250,000 units were destroyed, or a 3.1% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the OVF ETF, which lost 300,000 of its units, representing a 37.5% decline in outstanding units compared to the week prior.
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Among the largest underlying components of IWM, in morning trading today Novavax is up about 6.3%, and Deckers Outdoor is higher by about 0.1%. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares Russell 2000 ETF, where 8,250,000 units were destroyed, or a 3.1% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the OVF ETF, which lost 300,000 of its units, representing a 37.5% decline in outstanding units compared to the week prior.
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Among the largest underlying components of IWM, in morning trading today Novavax is up about 6.3%, and Deckers Outdoor is higher by about 0.1%. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares Russell 2000 ETF, where 8,250,000 units were destroyed, or a 3.1% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the OVF ETF, which lost 300,000 of its units, representing a 37.5% decline in outstanding units compared to the week prior.
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0a9b625d-99b6-47d0-ad14-002f3ea01c80
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724145.0
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2020-07-08 00:00:00 UTC
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IWM, FBCG: Big ETF Inflows
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DECK
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https://www.nasdaq.com/articles/iwm-fbcg%3A-big-etf-inflows-2020-07-08
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nan
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nan
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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Russell 2000 ETF, which added 13,450,000 units, or a 5.3% increase week over week. Among the largest underlying components of IWM, in morning trading today Deckers Outdoor is up about 0.9%, and LHC Group is up by about 0.1%.
And on a percentage change basis, the ETF with the biggest increase in inflows was the FBCG ETF, which added 225,000 units, for a 36.0% increase in outstanding units.
VIDEO: IWM, FBCG: Big ETF 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 IWM, in morning trading today Deckers Outdoor is up about 0.9%, and LHC Group is up by about 0.1%. And on a percentage change basis, the ETF with the biggest increase in inflows was the FBCG ETF, which added 225,000 units, for a 36.0% increase in outstanding units. VIDEO: IWM, FBCG: Big ETF 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 IWM, in morning trading today Deckers Outdoor is up about 0.9%, and LHC Group is up by about 0.1%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Russell 2000 ETF, which added 13,450,000 units, or a 5.3% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the FBCG ETF, which added 225,000 units, for a 36.0% increase in outstanding units.
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Among the largest underlying components of IWM, in morning trading today Deckers Outdoor is up about 0.9%, and LHC Group is up by about 0.1%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Russell 2000 ETF, which added 13,450,000 units, or a 5.3% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the FBCG ETF, which added 225,000 units, for a 36.0% increase in outstanding units.
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Among the largest underlying components of IWM, in morning trading today Deckers Outdoor is up about 0.9%, and LHC Group is up by about 0.1%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Russell 2000 ETF, which added 13,450,000 units, or a 5.3% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the FBCG ETF, which added 225,000 units, for a 36.0% increase in outstanding units.
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96f45029-85a0-4de9-9aeb-0294dccc9abf
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724146.0
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2020-06-28 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Motley Fool - 6/28/2020
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-motley-fool-6-28-2020-2020-06-28
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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.
JOHNSON OUTDOORS INC. (JOUT) is a small-cap growth stock in the Recreational Products 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: Johnson Outdoors Inc. is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment's brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment's brands are Eureka!, Jetboil and Silva. Its Watercraft segment designs and markets Necky sea touring kayaks; sit on top Ocean Kayaks, and Old Town canoes and kayaks for family recreation, touring, angling and tripping. The Company manufactures and markets underwater diving products for recreational divers, which it sells and distributes under the SCUBAPRO brand name. It markets a line of underwater diving and snorkeling equipment, including regulators, buoyancy compensators, dive computers and gauges, wetsuits, masks, fins, snorkels and accessories. The Company's products are used for fishing from a boat, diving, paddling, hiking and camping.
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: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: PASS
Detailed Analysis of JOHNSON OUTDOORS INC.
Full Guru Analysis for JOUT>
Full Factor Report for JOUT>
CASPER SLEEP INC (CSPR) is a small-cap growth 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: Casper Sleep Inc. designs and sells sleep products. The Company's products include mattresses, pillows, sheets, bed frames, glow light, dog bed, platform bed, weighted blanket, and other sleep-centric products. Its mattress products include The Wave, The Casper and The Essential. The Company's pillow products include Original Casper Pillow, Foam Pillow and Down Pillow. Its bed frames products include Adjustable Bed Frames, Platform Bed Frame and Upholstered Bed Frame. The Company's subsidiaries include Casper Science LLC, Casper Sleep Retail LLC, and Casper Sleep Limited (Casper UK Holdco). Casper UK Holdco wholly-owns Casper Sleep GmbH, Casper Sleep (UK) Limited, and Casper Sleep SAS. It distributes its products directly to customers in approximately seven countries through its electronic commerce platform, approximately 60 Casper retail stores, and over 18 retail partners. The Company operates retail locations and pop-up stores throughout the United States and Canada.
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: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: FAIL
Detailed Analysis of CASPER SLEEP INC
Full Guru Analysis for CSPR>
Full Factor Report for CSPR>
LAKELAND INDUSTRIES, INC. (LAKE) is a small-cap value stock in the Apparel/Accessories 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: Lakeland Industries, Inc. (Lakeland) manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Company's product categories include limited use/disposable protective clothing; high-end chemical protective suits; firefighting, flame resistant personal protective equipment (FR PPE) and heat protective apparel; reusable woven garments; high visibility clothing, and glove and sleeves. The Company's products are sold by its in-house customer service group, its regional sales managers and independent sales representatives to a network of over 1,600 North American safety and mill supply distributors. These distributors in turn supply end user industrial customers, such as integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, mortuaries and high technology electronics manufacturers, as well as scientific and medical laboratories.
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: 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: PASS
"THE FOOL RATIO" (P/E TO GROWTH): FAIL
AVERAGE SHARES OUTSTANDING: PASS
SALES: PASS
DAILY DOLLAR VOLUME: FAIL
PRICE: PASS
INCOME TAX PERCENTAGE: PASS
Detailed Analysis of LAKELAND INDUSTRIES, INC.
Full Guru Analysis for LAKE>
Full Factor Report for LAKE>
NIU TECHNOLOGIES - ADR (NIU) is a small-cap growth stock in the Recreational Products 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: Niu Technologies is a provider of smart urban mobility solutions. The Company is engaged in the design, manufacture and sales of smart e-scooters. The Company's products consist of three series, N, M and U, with multiple models or specifications for each series. Its NIU application synchronizes with the smart e-scooters and communicates with its cloud system. The Company enables users to receive real-time information relating to their smart e-scooters through its application.
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: 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: 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 NIU TECHNOLOGIES - ADR
Full Guru Analysis for NIU>
Full Factor Report for NIU>
DECKERS OUTDOOR CORP (DECK) is a mid-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 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: 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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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 NIU TECHNOLOGIES - ADR Full Guru Analysis for NIU> Full Factor Report for NIU> 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 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 NIU TECHNOLOGIES - ADR Full Guru Analysis for NIU> Full Factor Report for NIU> 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 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. 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 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 NIU TECHNOLOGIES - ADR Full Guru Analysis for NIU> Full Factor Report for NIU> 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 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 NIU TECHNOLOGIES - ADR Full Guru Analysis for NIU> Full Factor Report for NIU> 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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bbc9cc76-276e-4eef-9f2f-f3bcb0a12352
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724147.0
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2020-06-18 00:00:00 UTC
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Notable Thursday Option Activity: NOW, DECK, VEEV
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DECK
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-now-deck-veev-2020-06-18
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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 ServiceNow Inc (Symbol: NOW), where a total volume of 7,386 contracts has been traded thus far today, a contract volume which is representative of approximately 738,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 40.8% of NOW's average daily trading volume over the past month, of 1.8 million shares. Particularly high volume was seen for the $420 strike call option expiring June 19, 2020, with 606 contracts trading so far today, representing approximately 60,600 underlying shares of NOW. Below is a chart showing NOW's trailing twelve month trading history, with the $420 strike highlighted in orange:
Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 2,465 contracts thus far today. That number of contracts represents approximately 246,500 underlying shares, working out to a sizeable 40.6% of DECK's average daily trading volume over the past month, of 607,210 shares. Especially high volume was seen for the $230 strike call option expiring September 18, 2020, with 859 contracts trading so far today, representing approximately 85,900 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $230 strike highlighted in orange:
And Veeva Systems Inc (Symbol: VEEV) options are showing a volume of 5,896 contracts thus far today. That number of contracts represents approximately 589,600 underlying shares, working out to a sizeable 40.5% of VEEV's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $175 strike call option expiring June 19, 2020, with 892 contracts trading so far today, representing approximately 89,200 underlying shares of VEEV. Below is a chart showing VEEV's trailing twelve month trading history, with the $175 strike highlighted in orange:
For the various different available expirations for NOW options, DECK options, or VEEV 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 $230 strike call option expiring September 18, 2020, with 859 contracts trading so far today, representing approximately 85,900 underlying shares of DECK. Below is a chart showing NOW's trailing twelve month trading history, with the $420 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 2,465 contracts thus far today. That number of contracts represents approximately 246,500 underlying shares, working out to a sizeable 40.6% of DECK's average daily trading volume over the past month, of 607,210 shares.
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Below is a chart showing NOW's trailing twelve month trading history, with the $420 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 2,465 contracts thus far today. That number of contracts represents approximately 246,500 underlying shares, working out to a sizeable 40.6% of DECK's average daily trading volume over the past month, of 607,210 shares. Especially high volume was seen for the $230 strike call option expiring September 18, 2020, with 859 contracts trading so far today, representing approximately 85,900 underlying shares of DECK.
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Especially high volume was seen for the $230 strike call option expiring September 18, 2020, with 859 contracts trading so far today, representing approximately 85,900 underlying shares of DECK. Below is a chart showing NOW's trailing twelve month trading history, with the $420 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 2,465 contracts thus far today. That number of contracts represents approximately 246,500 underlying shares, working out to a sizeable 40.6% of DECK's average daily trading volume over the past month, of 607,210 shares.
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That number of contracts represents approximately 246,500 underlying shares, working out to a sizeable 40.6% of DECK's average daily trading volume over the past month, of 607,210 shares. Below is a chart showing VEEV's trailing twelve month trading history, with the $175 strike highlighted in orange: For the various different available expirations for NOW options, DECK options, or VEEV options, visit StockOptionsChannel.com. Below is a chart showing NOW's trailing twelve month trading history, with the $420 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 2,465 contracts thus far today.
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5502e53e-6d04-41da-a35c-8e60f744ac8c
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724148.0
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2020-06-08 00:00:00 UTC
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Why Deckers Brands' Stock Jumped 23% in May
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DECK
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https://www.nasdaq.com/articles/why-deckers-brands-stock-jumped-23-in-may-2020-06-08
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nan
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nan
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What happened
Deckers Brands (NYSE: DECK) shareholders outperformed a surging stock market last month. Shares jumped 23% in May compared to a 4.5% increase in the S&P 500, according to data provided by S&P Global Market Intelligence.
The rally pushed shares back into positive territory for the year, up over 20% through early June.
Image source: Getty Images.
So what
Investors celebrated the footwear and apparel company's fiscal fourth-quarter earnings report that on May 21 showed steady results through the early days of the COVID-19 pandemic. Sales declined 5% in the period, which ran through March 31, and gross profit margin held steady at 51.5% of sales.
Investors were more impressed to hear management's update on the latest operating trends, though. Sales are trending just modestly lower through May 15, executives said in a conference call, as booming digital growth offsets the continued drag from closed retailing locations.
Now what
CEO Dave Powers and his team were careful to point out that the fiscal first quarter represents just a small portion of Deckers' annual revenue and so the rebound over the last few weeks might not be indicative of a wider recovery. Yet online enthusiasm for footwear brands like UGG and HOKA could allow the fashion specialist to return to steady growth at some point in fiscal 2021.
10 stocks we like better than Deckers Outdoor
When investing geniuses David and Tom Gardner have 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.*
David and Tom 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 June 2, 2020
Demitrios Kalogeropoulos 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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Now what CEO Dave Powers and his team were careful to point out that the fiscal first quarter represents just a small portion of Deckers' annual revenue and so the rebound over the last few weeks might not be indicative of a wider recovery. What happened Deckers Brands (NYSE: DECK) shareholders outperformed a surging stock market last month. 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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What happened Deckers Brands (NYSE: DECK) shareholders outperformed a surging stock market last month. Now what CEO Dave Powers and his team were careful to point out that the fiscal first quarter represents just a small portion of Deckers' annual revenue and so the rebound over the last few weeks might not be indicative of a wider recovery. 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Deckers Outdoor wasn't one of them! What happened Deckers Brands (NYSE: DECK) shareholders outperformed a surging stock market last month.
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What happened Deckers Brands (NYSE: DECK) shareholders outperformed a surging stock market last month. Now what CEO Dave Powers and his team were careful to point out that the fiscal first quarter represents just a small portion of Deckers' annual revenue and so the rebound over the last few weeks might not be indicative of a wider recovery. 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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763a511c-88f0-4b58-8941-026ec9b7eefb
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724149.0
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2020-05-28 00:00:00 UTC
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Deckers Outdoor Reaches Analyst Target Price
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-reaches-analyst-target-price-2020-05-28
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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 $185.54, changing hands for $195.28/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 11 different analyst targets 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 $155.00. And then on the other side of the spectrum one analyst has a target as high as $215.00. The standard deviation is $16.89.
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 $185.54/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $185.54 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Deckers Outdoor Corp.:
RECENT DECK ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 11 11 11 10
Buy ratings: 0 0 0 0
Hold ratings: 0 0 0 1
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 1.0 1.0 1.0 1.18
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on DECK — FREE.
The Top 25 Broker Analyst Picks of the S&P 500 »
The views and 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 $185.54, changing hands for $195.28/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 $185.54/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $185.54 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 $185.54, changing hands for $195.28/share. There are 11 different analyst targets contributing to that average for Deckers Outdoor Corp., but the average is just that — a mathematical average. But the whole reason to look at the average DECK price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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There are 11 different analyst targets 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 $185.54/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $185.54 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 $185.54, changing hands for $195.28/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 $185.54, changing hands for $195.28/share. There are 11 different analyst targets 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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c3828c76-97ff-4668-b216-750a53880bb4
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724150.0
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2020-05-22 00:00:00 UTC
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Consumer Sector Update for 05/22/2020: DECK,CHUY,FL
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DECK
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https://www.nasdaq.com/articles/consumer-sector-update-for-05-22-2020%3A-deckchuyfl-2020-05-22
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nan
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nan
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Consumer stocks were mixed, with the SPDR Consumer Staples Select Sector ETF climbing 0.2% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was falling 0.5%.
In company news, Deckers Outdoor (DECK) rallied Friday after the footwear company said it earned $0.57 per share during its fiscal Q4 ended March 31, down from $0.82 during the same quarter last year but exceeding the Capital IQ consensus for $0.09 normalized. Net sales declined 4.9% to $374.9 million but also beat the $355.4 million analyst mean.
Chuy's Holdings (CHUY) turned lower this afternoon, dropping almost 2% and reversing a morning advance after the restaurant chain late Thursday reported a surprise Q1 penny profit, excluding one-time items, on $94.5 million in revenue. Analysts, on average, had been expecting an adjusted Q1 loss of $0.04 per share on $93.7 million in revenue, according to Capital IQ.
Foot Locker (FL) slid nearly 13% after the company reported a larger-than-expected Q1 net loss and a steep drop in sales. Excluding one-time items, the company lost $0.67 per share on $1.18 billion in sales while Wall Street had been looking for an adjusted net loss of $0.23 and $1.31 billion in 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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In company news, Deckers Outdoor (DECK) rallied Friday after the footwear company said it earned $0.57 per share during its fiscal Q4 ended March 31, down from $0.82 during the same quarter last year but exceeding the Capital IQ consensus for $0.09 normalized. Chuy's Holdings (CHUY) turned lower this afternoon, dropping almost 2% and reversing a morning advance after the restaurant chain late Thursday reported a surprise Q1 penny profit, excluding one-time items, on $94.5 million in revenue. Analysts, on average, had been expecting an adjusted Q1 loss of $0.04 per share on $93.7 million in revenue, according to Capital IQ.
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In company news, Deckers Outdoor (DECK) rallied Friday after the footwear company said it earned $0.57 per share during its fiscal Q4 ended March 31, down from $0.82 during the same quarter last year but exceeding the Capital IQ consensus for $0.09 normalized. Consumer stocks were mixed, with the SPDR Consumer Staples Select Sector ETF climbing 0.2% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was falling 0.5%. Analysts, on average, had been expecting an adjusted Q1 loss of $0.04 per share on $93.7 million in revenue, according to Capital IQ.
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In company news, Deckers Outdoor (DECK) rallied Friday after the footwear company said it earned $0.57 per share during its fiscal Q4 ended March 31, down from $0.82 during the same quarter last year but exceeding the Capital IQ consensus for $0.09 normalized. Consumer stocks were mixed, with the SPDR Consumer Staples Select Sector ETF climbing 0.2% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was falling 0.5%. Chuy's Holdings (CHUY) turned lower this afternoon, dropping almost 2% and reversing a morning advance after the restaurant chain late Thursday reported a surprise Q1 penny profit, excluding one-time items, on $94.5 million in revenue.
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In company news, Deckers Outdoor (DECK) rallied Friday after the footwear company said it earned $0.57 per share during its fiscal Q4 ended March 31, down from $0.82 during the same quarter last year but exceeding the Capital IQ consensus for $0.09 normalized. Consumer stocks were mixed, with the SPDR Consumer Staples Select Sector ETF climbing 0.2% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was falling 0.5%. Analysts, on average, had been expecting an adjusted Q1 loss of $0.04 per share on $93.7 million in revenue, according to Capital IQ.
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3bae5aee-6cc4-4677-b171-6173428113d8
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724151.0
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2020-05-22 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-LiveRamp, T2 Biosystems, Foot locker
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DECK
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-liveramp-t2-biosystems-foot-locker-2020-05-22
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
U.S. stock indexes moved in a flat-to-low range on Friday as investors gauged Sino-U.S. tensions amid continued uncertainty over the pace of economic recovery from the coronavirus. .N
At 1319 ET, the Dow Jones Industrial Average .DJI was down 0.38% at 24,382.13. The S&P 500 .SPX was down 0.08% at 2,946.02 and the Nasdaq Composite .IXIC was up 0.19% at 9,302.599. The top three S&P 500 .PG.INX percentage gainers: ** Coty Inc , up 11.4% ** Harley-Davidson Inc , up 5.7% ** American Tower Corp , up 5.2% The top three S&P 500 .PL.INX percentage losers: ** Hewlett Packard Enterprise Co , down 10.8% ** Wynn Resorts Ltd , down 6.3% ** Alaska Air Group Inc , down 4.1% The top three NYSE .PG.N percentage gainers: ** Navidea Biopharmaceuticals Inc , up 113.3% ** Renren Inc , up 26.2% ** LiveRamp Holdings Inc , up 23.3% The top three NYSE .PL.N percentage losers: ** Nabors Industries Ltd , down 14% ** Foot Locker Inc , down 13.3% ** AeroCentury Corp , down 12.5% The top three Nasdaq .PG.O percentage gainers: ** Inari Medical Inc , up 121.2 % ** Celsion Corp , up 30.2% ** Village Farms International Inc , up 18.4% The top three Nasdaq .PL.O percentage losers: ** Recon Technlogy Ltd , down 44.7% ** Syndax Pharmaceuticals Inc , down 20.2% ** Gulf Resources Inc , down 17.2% ** T2 Biosystems Inc TTOO.O: up 15.6%
BUZZ-Jumps as it gets ready to ship COVID-19 tests by end-June ** Buckle Inc BKE.N: down 6.6%
BUZZ-Down after co swings to Q1 loss
** Intercept Pharmaceuticals Inc ICPT.O: down 14.5%
BUZZ-Drops after FDA delays panel meeting for NASH drug ** Whiting Petroleum Corp WLL.N: down 4.7% ** Exxon Mobil Corp XOM.N: down 1.5% ** Chevron Corp CVX.N: down 2.2% ** Devon Energy Corp DVN.N: down 3.0% ** ConocoPhillips COP.N: down 2.1% ** Occidental Petroleum Corp OXY.N: down 2.8% ** Apache Corp APA.N: down 0.5% ** Hess Corp HES.N: down 1.5% ** Pioneer Natural Resources Co PXD.N: down 0.9% ** TechnipFMC Plc FTI.N: down 1.9% ** Schlumberger NV SLB.N: down 2.7% ** Halliburton Co HAL.N: down 4.1% ** Baker Hughes Co BKR.N: down 1.7% ** Marathon Petroleum Corp MPC.N: down 1.0% ** HollyFrontier Corp HFC.N: down 1.6% ** Phillips 66 PSX.N: down 1.2% ** Valero Energy Corp VLO.N: down 1.1% ** Plains All American Pipline LP PAA.N: down 1.3% ** ONEOK Inc OKE.N: down 1.8% ** Kinder Morgan Inc KMI.N: down 1.2%
BUZZ-Oil stocks slip on U.S.-China tensions, demand concerns ** Splunk Inc SPLK.O: up 11.7%
BUZZ-Street view: Brokerages bet on Splunk's positive cloud growth prospects ** Nvidia Corp NVDA.O: up 3.2%
BUZZ-Rises as co forecasts Q2 sales above estimates ** LiveRamp Holdings Inc RAMP.N: up 23.2%
BUZZ- Eyes best day on better-than-expected Q4 rev ** Joyy Inc YY.O: down 8.4%
BUZZ-Falls as Q2 revenue forecast misses expectations ** Deckers Outdoor Corp DECK.N: up 6.8%
BUZZ-Rises on strong high-margin online UGG, HOKA sales ** Aurora Cannabis Inc ACB.N: down 4.1% BUZZ-Jefferies sees recent re-rating as excessive, downgrades ** Hewlett Packard Enterprise Co HPE.N: down 10.9% BUZZ-Falls on disappointing Q2 results ** Tetraphase Pharmacauticals Inc TTPH.O: up 14.8% BUZZ-Surges on Melinta's "superior" buyout offer ** Palo Alto Networks Inc PANW.N: up 3.0% BUZZ-Q3 beats as remote work boosts cybersecurity demand; shares rise ** ONEOK Inc OKE.N: down 1.8% BUZZ-JPMorgan downgrades to 'neutral' on challenging Bakken outlook ** Amarin Corporation Plc AMRN.O: down 1.2% BUZZ-Slips after FDA approval of heart drug's generic version ** Foot locker Inc FL.N: down 13.4% BUZZ-Slips on Q1 loss, drop in sales ** Pinduoduo Inc PDD.O: up 11.1% BUZZ-Gains as online marketing services fuels rev beat ** Medtronic Plc MDT.N: down 1.6% BUZZ-Street View: Medtronic's product pipeline, balance sheet to help weather COVID-19 storm ** Moderna Inc MRNA.O: up 2.2% BUZZ-Fauci calls COVID-19 vaccine trial results 'good sign' ** Ross Stores Inc ROST.O: down 3.8% BUZZ-Falls on weak Q1, lack of forecast ** Agilent Technologies Inc A.N: up 5.0% BUZZ-Up as brokerages raise PT after "downright impressive" Q2 ** e.l.f. Beauty Inc ELF.N: up 15.1% BUZZ-Surges on fourth-quarter beat ** Abbott Laboratories ABT.N: up 0.3% BUZZ-CS says COVID-19 test interim data a positive, should ease accuracy concerns ** Coty Inc COTY.N: up 11.3% BUZZ-Kylie Skin enters Europe, Coty surges
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.19%
Consumer Discretionary
.SPLRCD
down 0.23%
Consumer Staples
.SPLRCS
up 0.14%
Energy
.SPNY
down 1.72%
Financial
.SPSY
down 0.63%
Health
.SPXHC
down 0.11%
Industrial
.SPLRCI
down 0.53%
Information Technology
.SPLRCT
up 0.21%
Materials
.SPLRCM
down 0.51%
Real Estate
.SPLRCR
up 1.28%
Utilities
.SPLRCU
up 0.20%
(Compiled by Amal S in Bengaluru)
((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Coty Inc , up 11.4% ** Harley-Davidson Inc , up 5.7% ** American Tower Corp , up 5.2% The top three S&P 500 .PL.INX percentage losers: ** Hewlett Packard Enterprise Co , down 10.8% ** Wynn Resorts Ltd , down 6.3% ** Alaska Air Group Inc , down 4.1% The top three NYSE .PG.N percentage gainers: ** Navidea Biopharmaceuticals Inc , up 113.3% ** Renren Inc , up 26.2% ** LiveRamp Holdings Inc , up 23.3% The top three NYSE .PL.N percentage losers: ** Nabors Industries Ltd , down 14% ** Foot Locker Inc , down 13.3% ** AeroCentury Corp , down 12.5% The top three Nasdaq .PG.O percentage gainers: ** Inari Medical Inc , up 121.2 % ** Celsion Corp , up 30.2% ** Village Farms International Inc , up 18.4% The top three Nasdaq .PL.O percentage losers: ** Recon Technlogy Ltd , down 44.7% ** Syndax Pharmaceuticals Inc , down 20.2% ** Gulf Resources Inc , down 17.2% ** T2 Biosystems Inc TTOO.O: up 15.6% BUZZ-Jumps as it gets ready to ship COVID-19 tests by end-June ** Buckle Inc BKE.N: down 6.6% BUZZ-Down after co swings to Q1 loss ** Intercept Pharmaceuticals Inc ICPT.O: down 14.5% BUZZ-Drops after FDA delays panel meeting for NASH drug ** Whiting Petroleum Corp WLL.N: down 4.7% ** Exxon Mobil Corp XOM.N: down 1.5% ** Chevron Corp CVX.N: down 2.2% ** Devon Energy Corp DVN.N: down 3.0% ** ConocoPhillips COP.N: down 2.1% ** Occidental Petroleum Corp OXY.N: down 2.8% ** Apache Corp APA.N: down 0.5% ** Hess Corp HES.N: down 1.5% ** Pioneer Natural Resources Co PXD.N: down 0.9% ** TechnipFMC Plc FTI.N: down 1.9% ** Schlumberger NV SLB.N: down 2.7% ** Halliburton Co HAL.N: down 4.1% ** Baker Hughes Co BKR.N: down 1.7% ** Marathon Petroleum Corp MPC.N: down 1.0% ** HollyFrontier Corp HFC.N: down 1.6% ** Phillips 66 PSX.N: down 1.2% ** Valero Energy Corp VLO.N: down 1.1% ** Plains All American Pipline LP PAA.N: down 1.3% ** ONEOK Inc OKE.N: down 1.8% ** Kinder Morgan Inc KMI.N: down 1.2% BUZZ-Oil stocks slip on U.S.-China tensions, demand concerns ** Splunk Inc SPLK.O: up 11.7% BUZZ-Street view: Brokerages bet on Splunk's positive cloud growth prospects ** Nvidia Corp NVDA.O: up 3.2% BUZZ-Rises as co forecasts Q2 sales above estimates ** LiveRamp Holdings Inc RAMP.N: up 23.2% BUZZ- Eyes best day on better-than-expected Q4 rev ** Joyy Inc YY.O: down 8.4% BUZZ-Falls as Q2 revenue forecast misses expectations ** Deckers Outdoor Corp DECK.N: up 6.8% BUZZ-Rises on strong high-margin online UGG, HOKA sales ** Aurora Cannabis Inc ACB.N: down 4.1% BUZZ-Jefferies sees recent re-rating as excessive, downgrades ** Hewlett Packard Enterprise Co HPE.N: down 10.9% BUZZ-Falls on disappointing Q2 results ** Tetraphase Pharmacauticals Inc TTPH.O: up 14.8% BUZZ-Surges on Melinta's "superior" buyout offer ** Palo Alto Networks Inc PANW.N: up 3.0% BUZZ-Q3 beats as remote work boosts cybersecurity demand; shares rise ** ONEOK Inc OKE.N: down 1.8% BUZZ-JPMorgan downgrades to 'neutral' on challenging Bakken outlook ** Amarin Corporation Plc AMRN.O: down 1.2% BUZZ-Slips after FDA approval of heart drug's generic version ** Foot locker Inc FL.N: down 13.4% BUZZ-Slips on Q1 loss, drop in sales ** Pinduoduo Inc PDD.O: up 11.1% BUZZ-Gains as online marketing services fuels rev beat ** Medtronic Plc MDT.N: down 1.6% BUZZ-Street View: Medtronic's product pipeline, balance sheet to help weather COVID-19 storm ** Moderna Inc MRNA.O: up 2.2% BUZZ-Fauci calls COVID-19 vaccine trial results 'good sign' ** Ross Stores Inc ROST.O: down 3.8% BUZZ-Falls on weak Q1, lack of forecast ** Agilent Technologies Inc A.N: up 5.0% BUZZ-Up as brokerages raise PT after "downright impressive" Q2 ** e.l.f. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stock indexes moved in a flat-to-low range on Friday as investors gauged Sino-U.S. tensions amid continued uncertainty over the pace of economic recovery from the coronavirus. Beauty Inc ELF.N: up 15.1% BUZZ-Surges on fourth-quarter beat ** Abbott Laboratories ABT.N: up 0.3% BUZZ-CS says COVID-19 test interim data a positive, should ease accuracy concerns ** Coty Inc COTY.N: up 11.3% BUZZ-Kylie Skin enters Europe, Coty surges The 11 major S&P 500 sectors: Communication Services
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The top three S&P 500 .PG.INX percentage gainers: ** Coty Inc , up 11.4% ** Harley-Davidson Inc , up 5.7% ** American Tower Corp , up 5.2% The top three S&P 500 .PL.INX percentage losers: ** Hewlett Packard Enterprise Co , down 10.8% ** Wynn Resorts Ltd , down 6.3% ** Alaska Air Group Inc , down 4.1% The top three NYSE .PG.N percentage gainers: ** Navidea Biopharmaceuticals Inc , up 113.3% ** Renren Inc , up 26.2% ** LiveRamp Holdings Inc , up 23.3% The top three NYSE .PL.N percentage losers: ** Nabors Industries Ltd , down 14% ** Foot Locker Inc , down 13.3% ** AeroCentury Corp , down 12.5% The top three Nasdaq .PG.O percentage gainers: ** Inari Medical Inc , up 121.2 % ** Celsion Corp , up 30.2% ** Village Farms International Inc , up 18.4% The top three Nasdaq .PL.O percentage losers: ** Recon Technlogy Ltd , down 44.7% ** Syndax Pharmaceuticals Inc , down 20.2% ** Gulf Resources Inc , down 17.2% ** T2 Biosystems Inc TTOO.O: up 15.6% BUZZ-Jumps as it gets ready to ship COVID-19 tests by end-June ** Buckle Inc BKE.N: down 6.6% BUZZ-Down after co swings to Q1 loss ** Intercept Pharmaceuticals Inc ICPT.O: down 14.5% BUZZ-Drops after FDA delays panel meeting for NASH drug ** Whiting Petroleum Corp WLL.N: down 4.7% ** Exxon Mobil Corp XOM.N: down 1.5% ** Chevron Corp CVX.N: down 2.2% ** Devon Energy Corp DVN.N: down 3.0% ** ConocoPhillips COP.N: down 2.1% ** Occidental Petroleum Corp OXY.N: down 2.8% ** Apache Corp APA.N: down 0.5% ** Hess Corp HES.N: down 1.5% ** Pioneer Natural Resources Co PXD.N: down 0.9% ** TechnipFMC Plc FTI.N: down 1.9% ** Schlumberger NV SLB.N: down 2.7% ** Halliburton Co HAL.N: down 4.1% ** Baker Hughes Co BKR.N: down 1.7% ** Marathon Petroleum Corp MPC.N: down 1.0% ** HollyFrontier Corp HFC.N: down 1.6% ** Phillips 66 PSX.N: down 1.2% ** Valero Energy Corp VLO.N: down 1.1% ** Plains All American Pipline LP PAA.N: down 1.3% ** ONEOK Inc OKE.N: down 1.8% ** Kinder Morgan Inc KMI.N: down 1.2% BUZZ-Oil stocks slip on U.S.-China tensions, demand concerns ** Splunk Inc SPLK.O: up 11.7% BUZZ-Street view: Brokerages bet on Splunk's positive cloud growth prospects ** Nvidia Corp NVDA.O: up 3.2% BUZZ-Rises as co forecasts Q2 sales above estimates ** LiveRamp Holdings Inc RAMP.N: up 23.2% BUZZ- Eyes best day on better-than-expected Q4 rev ** Joyy Inc YY.O: down 8.4% BUZZ-Falls as Q2 revenue forecast misses expectations ** Deckers Outdoor Corp DECK.N: up 6.8% BUZZ-Rises on strong high-margin online UGG, HOKA sales ** Aurora Cannabis Inc ACB.N: down 4.1% BUZZ-Jefferies sees recent re-rating as excessive, downgrades ** Hewlett Packard Enterprise Co HPE.N: down 10.9% BUZZ-Falls on disappointing Q2 results ** Tetraphase Pharmacauticals Inc TTPH.O: up 14.8% BUZZ-Surges on Melinta's "superior" buyout offer ** Palo Alto Networks Inc PANW.N: up 3.0% BUZZ-Q3 beats as remote work boosts cybersecurity demand; shares rise ** ONEOK Inc OKE.N: down 1.8% BUZZ-JPMorgan downgrades to 'neutral' on challenging Bakken outlook ** Amarin Corporation Plc AMRN.O: down 1.2% BUZZ-Slips after FDA approval of heart drug's generic version ** Foot locker Inc FL.N: down 13.4% BUZZ-Slips on Q1 loss, drop in sales ** Pinduoduo Inc PDD.O: up 11.1% BUZZ-Gains as online marketing services fuels rev beat ** Medtronic Plc MDT.N: down 1.6% BUZZ-Street View: Medtronic's product pipeline, balance sheet to help weather COVID-19 storm ** Moderna Inc MRNA.O: up 2.2% BUZZ-Fauci calls COVID-19 vaccine trial results 'good sign' ** Ross Stores Inc ROST.O: down 3.8% BUZZ-Falls on weak Q1, lack of forecast ** Agilent Technologies Inc A.N: up 5.0% BUZZ-Up as brokerages raise PT after "downright impressive" Q2 ** e.l.f. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stock indexes moved in a flat-to-low range on Friday as investors gauged Sino-U.S. tensions amid continued uncertainty over the pace of economic recovery from the coronavirus. Beauty Inc ELF.N: up 15.1% BUZZ-Surges on fourth-quarter beat ** Abbott Laboratories ABT.N: up 0.3% BUZZ-CS says COVID-19 test interim data a positive, should ease accuracy concerns ** Coty Inc COTY.N: up 11.3% BUZZ-Kylie Skin enters Europe, Coty surges The 11 major S&P 500 sectors: Communication Services
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The top three S&P 500 .PG.INX percentage gainers: ** Coty Inc , up 11.4% ** Harley-Davidson Inc , up 5.7% ** American Tower Corp , up 5.2% The top three S&P 500 .PL.INX percentage losers: ** Hewlett Packard Enterprise Co , down 10.8% ** Wynn Resorts Ltd , down 6.3% ** Alaska Air Group Inc , down 4.1% The top three NYSE .PG.N percentage gainers: ** Navidea Biopharmaceuticals Inc , up 113.3% ** Renren Inc , up 26.2% ** LiveRamp Holdings Inc , up 23.3% The top three NYSE .PL.N percentage losers: ** Nabors Industries Ltd , down 14% ** Foot Locker Inc , down 13.3% ** AeroCentury Corp , down 12.5% The top three Nasdaq .PG.O percentage gainers: ** Inari Medical Inc , up 121.2 % ** Celsion Corp , up 30.2% ** Village Farms International Inc , up 18.4% The top three Nasdaq .PL.O percentage losers: ** Recon Technlogy Ltd , down 44.7% ** Syndax Pharmaceuticals Inc , down 20.2% ** Gulf Resources Inc , down 17.2% ** T2 Biosystems Inc TTOO.O: up 15.6% BUZZ-Jumps as it gets ready to ship COVID-19 tests by end-June ** Buckle Inc BKE.N: down 6.6% BUZZ-Down after co swings to Q1 loss ** Intercept Pharmaceuticals Inc ICPT.O: down 14.5% BUZZ-Drops after FDA delays panel meeting for NASH drug ** Whiting Petroleum Corp WLL.N: down 4.7% ** Exxon Mobil Corp XOM.N: down 1.5% ** Chevron Corp CVX.N: down 2.2% ** Devon Energy Corp DVN.N: down 3.0% ** ConocoPhillips COP.N: down 2.1% ** Occidental Petroleum Corp OXY.N: down 2.8% ** Apache Corp APA.N: down 0.5% ** Hess Corp HES.N: down 1.5% ** Pioneer Natural Resources Co PXD.N: down 0.9% ** TechnipFMC Plc FTI.N: down 1.9% ** Schlumberger NV SLB.N: down 2.7% ** Halliburton Co HAL.N: down 4.1% ** Baker Hughes Co BKR.N: down 1.7% ** Marathon Petroleum Corp MPC.N: down 1.0% ** HollyFrontier Corp HFC.N: down 1.6% ** Phillips 66 PSX.N: down 1.2% ** Valero Energy Corp VLO.N: down 1.1% ** Plains All American Pipline LP PAA.N: down 1.3% ** ONEOK Inc OKE.N: down 1.8% ** Kinder Morgan Inc KMI.N: down 1.2% BUZZ-Oil stocks slip on U.S.-China tensions, demand concerns ** Splunk Inc SPLK.O: up 11.7% BUZZ-Street view: Brokerages bet on Splunk's positive cloud growth prospects ** Nvidia Corp NVDA.O: up 3.2% BUZZ-Rises as co forecasts Q2 sales above estimates ** LiveRamp Holdings Inc RAMP.N: up 23.2% BUZZ- Eyes best day on better-than-expected Q4 rev ** Joyy Inc YY.O: down 8.4% BUZZ-Falls as Q2 revenue forecast misses expectations ** Deckers Outdoor Corp DECK.N: up 6.8% BUZZ-Rises on strong high-margin online UGG, HOKA sales ** Aurora Cannabis Inc ACB.N: down 4.1% BUZZ-Jefferies sees recent re-rating as excessive, downgrades ** Hewlett Packard Enterprise Co HPE.N: down 10.9% BUZZ-Falls on disappointing Q2 results ** Tetraphase Pharmacauticals Inc TTPH.O: up 14.8% BUZZ-Surges on Melinta's "superior" buyout offer ** Palo Alto Networks Inc PANW.N: up 3.0% BUZZ-Q3 beats as remote work boosts cybersecurity demand; shares rise ** ONEOK Inc OKE.N: down 1.8% BUZZ-JPMorgan downgrades to 'neutral' on challenging Bakken outlook ** Amarin Corporation Plc AMRN.O: down 1.2% BUZZ-Slips after FDA approval of heart drug's generic version ** Foot locker Inc FL.N: down 13.4% BUZZ-Slips on Q1 loss, drop in sales ** Pinduoduo Inc PDD.O: up 11.1% BUZZ-Gains as online marketing services fuels rev beat ** Medtronic Plc MDT.N: down 1.6% BUZZ-Street View: Medtronic's product pipeline, balance sheet to help weather COVID-19 storm ** Moderna Inc MRNA.O: up 2.2% BUZZ-Fauci calls COVID-19 vaccine trial results 'good sign' ** Ross Stores Inc ROST.O: down 3.8% BUZZ-Falls on weak Q1, lack of forecast ** Agilent Technologies Inc A.N: up 5.0% BUZZ-Up as brokerages raise PT after "downright impressive" Q2 ** e.l.f. up 0.19% Consumer Discretionary down 0.23% Consumer Staples
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The top three S&P 500 .PG.INX percentage gainers: ** Coty Inc , up 11.4% ** Harley-Davidson Inc , up 5.7% ** American Tower Corp , up 5.2% The top three S&P 500 .PL.INX percentage losers: ** Hewlett Packard Enterprise Co , down 10.8% ** Wynn Resorts Ltd , down 6.3% ** Alaska Air Group Inc , down 4.1% The top three NYSE .PG.N percentage gainers: ** Navidea Biopharmaceuticals Inc , up 113.3% ** Renren Inc , up 26.2% ** LiveRamp Holdings Inc , up 23.3% The top three NYSE .PL.N percentage losers: ** Nabors Industries Ltd , down 14% ** Foot Locker Inc , down 13.3% ** AeroCentury Corp , down 12.5% The top three Nasdaq .PG.O percentage gainers: ** Inari Medical Inc , up 121.2 % ** Celsion Corp , up 30.2% ** Village Farms International Inc , up 18.4% The top three Nasdaq .PL.O percentage losers: ** Recon Technlogy Ltd , down 44.7% ** Syndax Pharmaceuticals Inc , down 20.2% ** Gulf Resources Inc , down 17.2% ** T2 Biosystems Inc TTOO.O: up 15.6% BUZZ-Jumps as it gets ready to ship COVID-19 tests by end-June ** Buckle Inc BKE.N: down 6.6% BUZZ-Down after co swings to Q1 loss ** Intercept Pharmaceuticals Inc ICPT.O: down 14.5% BUZZ-Drops after FDA delays panel meeting for NASH drug ** Whiting Petroleum Corp WLL.N: down 4.7% ** Exxon Mobil Corp XOM.N: down 1.5% ** Chevron Corp CVX.N: down 2.2% ** Devon Energy Corp DVN.N: down 3.0% ** ConocoPhillips COP.N: down 2.1% ** Occidental Petroleum Corp OXY.N: down 2.8% ** Apache Corp APA.N: down 0.5% ** Hess Corp HES.N: down 1.5% ** Pioneer Natural Resources Co PXD.N: down 0.9% ** TechnipFMC Plc FTI.N: down 1.9% ** Schlumberger NV SLB.N: down 2.7% ** Halliburton Co HAL.N: down 4.1% ** Baker Hughes Co BKR.N: down 1.7% ** Marathon Petroleum Corp MPC.N: down 1.0% ** HollyFrontier Corp HFC.N: down 1.6% ** Phillips 66 PSX.N: down 1.2% ** Valero Energy Corp VLO.N: down 1.1% ** Plains All American Pipline LP PAA.N: down 1.3% ** ONEOK Inc OKE.N: down 1.8% ** Kinder Morgan Inc KMI.N: down 1.2% BUZZ-Oil stocks slip on U.S.-China tensions, demand concerns ** Splunk Inc SPLK.O: up 11.7% BUZZ-Street view: Brokerages bet on Splunk's positive cloud growth prospects ** Nvidia Corp NVDA.O: up 3.2% BUZZ-Rises as co forecasts Q2 sales above estimates ** LiveRamp Holdings Inc RAMP.N: up 23.2% BUZZ- Eyes best day on better-than-expected Q4 rev ** Joyy Inc YY.O: down 8.4% BUZZ-Falls as Q2 revenue forecast misses expectations ** Deckers Outdoor Corp DECK.N: up 6.8% BUZZ-Rises on strong high-margin online UGG, HOKA sales ** Aurora Cannabis Inc ACB.N: down 4.1% BUZZ-Jefferies sees recent re-rating as excessive, downgrades ** Hewlett Packard Enterprise Co HPE.N: down 10.9% BUZZ-Falls on disappointing Q2 results ** Tetraphase Pharmacauticals Inc TTPH.O: up 14.8% BUZZ-Surges on Melinta's "superior" buyout offer ** Palo Alto Networks Inc PANW.N: up 3.0% BUZZ-Q3 beats as remote work boosts cybersecurity demand; shares rise ** ONEOK Inc OKE.N: down 1.8% BUZZ-JPMorgan downgrades to 'neutral' on challenging Bakken outlook ** Amarin Corporation Plc AMRN.O: down 1.2% BUZZ-Slips after FDA approval of heart drug's generic version ** Foot locker Inc FL.N: down 13.4% BUZZ-Slips on Q1 loss, drop in sales ** Pinduoduo Inc PDD.O: up 11.1% BUZZ-Gains as online marketing services fuels rev beat ** Medtronic Plc MDT.N: down 1.6% BUZZ-Street View: Medtronic's product pipeline, balance sheet to help weather COVID-19 storm ** Moderna Inc MRNA.O: up 2.2% BUZZ-Fauci calls COVID-19 vaccine trial results 'good sign' ** Ross Stores Inc ROST.O: down 3.8% BUZZ-Falls on weak Q1, lack of forecast ** Agilent Technologies Inc A.N: up 5.0% BUZZ-Up as brokerages raise PT after "downright impressive" Q2 ** e.l.f. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stock indexes moved in a flat-to-low range on Friday as investors gauged Sino-U.S. tensions amid continued uncertainty over the pace of economic recovery from the coronavirus. .N At 1319 ET, the Dow Jones Industrial Average .DJI was down 0.38% at 24,382.13.
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bb9fa1fe-2ad0-4975-bf1e-7337f37775d9
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724152.0
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2020-05-22 00:00:00 UTC
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Stock Alert: Deckers Outdoor Spikes On Upbeat Results
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DECK
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https://www.nasdaq.com/articles/stock-alert%3A-deckers-outdoor-spikes-on-upbeat-results-2020-05-22
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nan
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nan
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(RTTNews) - Shares of Deckers Outdoor Corporation (DECK), that designs, markets, and distributes innovative footwear, apparel, and accessories, are climbing more than 7% after its fourth-quarter results surpassed estimates.
Earnings of $0.57 per share beat the average estimate of analysts polled by Thomson Reuters at $0.21 per share.
Net sales for the quarter, however, decreased 4.9% year-over-year to $374.9 million but beat the estimates of $374.19 million.
"Fiscal year 2020 performance was driven by the strength of our brand portfolio, fueled by targeted investments in our key initiatives, coupled with disciplined financial management," said Dave Powers, President, and Chief Executive Officer. "We expect fiscal year 2021 results to be impacted depending on the duration and severity of the COVID-19 pandemic, but our in-demand brands, omnichannel capabilities, and healthy balance sheet position us well to weather this challenging environment."
Deckers stock more than doubled from its 52-week low of $78.70, hit in March, currently trading at $182.01. The stock has recorded a 52-week high of $203.19 in February this year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Shares of Deckers Outdoor Corporation (DECK), that designs, markets, and distributes innovative footwear, apparel, and accessories, are climbing more than 7% after its fourth-quarter results surpassed estimates. Deckers stock more than doubled from its 52-week low of $78.70, hit in March, currently trading at $182.01. "Fiscal year 2020 performance was driven by the strength of our brand portfolio, fueled by targeted investments in our key initiatives, coupled with disciplined financial management," said Dave Powers, President, and Chief Executive Officer.
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(RTTNews) - Shares of Deckers Outdoor Corporation (DECK), that designs, markets, and distributes innovative footwear, apparel, and accessories, are climbing more than 7% after its fourth-quarter results surpassed estimates. Deckers stock more than doubled from its 52-week low of $78.70, hit in March, currently trading at $182.01. Net sales for the quarter, however, decreased 4.9% year-over-year to $374.9 million but beat the estimates of $374.19 million.
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(RTTNews) - Shares of Deckers Outdoor Corporation (DECK), that designs, markets, and distributes innovative footwear, apparel, and accessories, are climbing more than 7% after its fourth-quarter results surpassed estimates. Deckers stock more than doubled from its 52-week low of $78.70, hit in March, currently trading at $182.01. "Fiscal year 2020 performance was driven by the strength of our brand portfolio, fueled by targeted investments in our key initiatives, coupled with disciplined financial management," said Dave Powers, President, and Chief Executive Officer.
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(RTTNews) - Shares of Deckers Outdoor Corporation (DECK), that designs, markets, and distributes innovative footwear, apparel, and accessories, are climbing more than 7% after its fourth-quarter results surpassed estimates. Deckers stock more than doubled from its 52-week low of $78.70, hit in March, currently trading at $182.01. Earnings of $0.57 per share beat the average estimate of analysts polled by Thomson Reuters at $0.21 per share.
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44a78e4d-b9a9-4f5a-957c-85e29dbaaace
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724153.0
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2020-05-22 00:00:00 UTC
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Consumer Sector Update for 05/22/2020: PDD,DECK,CHUY,FL
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DECK
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https://www.nasdaq.com/articles/consumer-sector-update-for-05-22-2020%3A-pdddeckchuyfl-2020-05-22
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nan
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nan
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Consumer stocks were mixed in late trade, with the SPDR Consumer Staples Select Sector ETF Friday hanging on to a less than 0.1% gain this afternoon while the SPDR Consumer Discretionary Select Sector ETF was falling 0.4%.
In company news, Pinduoduo (PDD) was 14% higher late Friday after the Chinese e-commerce company reported a 43.7% year-over-year increase in revenue, climbing to RMB6.54 billion and beating the Capital IQ consensus expecting $5.21 billion for the three months ended March 31. The average number of monthly active users jumped 68% over year-ago levels to 487.4 million.
Deckers Outdoor (DECK) rose 6% on Friday after the footwear company said it earned $0.57 per share during its fiscal Q4 ended March 31, down from $0.82 during the same quarter last year but exceeding the Capital IQ consensus for $0.09 normalized. Net sales declined 4.9% to $374.9 million but also beat the $355.4 million analyst mean.
Chuy's Holdings (CHUY) turned higher again this afternoon, climbing almost 2%, after the restaurant chain late Thursday reported a surprise Q1 penny profit, excluding one-time items, on $94.5 million in revenue. Analysts, on average, had been expecting an adjusted Q1 loss of $0.04 per share on $93.7 million in revenue, according to Capital IQ.
Foot Locker (FL) slid 9% after the company reported a larger-than-expected Q1 net loss and a steep drop in sales. Excluding one-time items, the company lost $0.67 per share on $1.18 billion in sales while Wall Street had been looking for an adjusted net loss of $0.23 and $1.31 billion in 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 Outdoor (DECK) rose 6% on Friday after the footwear company said it earned $0.57 per share during its fiscal Q4 ended March 31, down from $0.82 during the same quarter last year but exceeding the Capital IQ consensus for $0.09 normalized. In company news, Pinduoduo (PDD) was 14% higher late Friday after the Chinese e-commerce company reported a 43.7% year-over-year increase in revenue, climbing to RMB6.54 billion and beating the Capital IQ consensus expecting $5.21 billion for the three months ended March 31. Foot Locker (FL) slid 9% after the company reported a larger-than-expected Q1 net loss and a steep drop in sales.
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Deckers Outdoor (DECK) rose 6% on Friday after the footwear company said it earned $0.57 per share during its fiscal Q4 ended March 31, down from $0.82 during the same quarter last year but exceeding the Capital IQ consensus for $0.09 normalized. Consumer stocks were mixed in late trade, with the SPDR Consumer Staples Select Sector ETF Friday hanging on to a less than 0.1% gain this afternoon while the SPDR Consumer Discretionary Select Sector ETF was falling 0.4%. In company news, Pinduoduo (PDD) was 14% higher late Friday after the Chinese e-commerce company reported a 43.7% year-over-year increase in revenue, climbing to RMB6.54 billion and beating the Capital IQ consensus expecting $5.21 billion for the three months ended March 31.
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Deckers Outdoor (DECK) rose 6% on Friday after the footwear company said it earned $0.57 per share during its fiscal Q4 ended March 31, down from $0.82 during the same quarter last year but exceeding the Capital IQ consensus for $0.09 normalized. In company news, Pinduoduo (PDD) was 14% higher late Friday after the Chinese e-commerce company reported a 43.7% year-over-year increase in revenue, climbing to RMB6.54 billion and beating the Capital IQ consensus expecting $5.21 billion for the three months ended March 31. Chuy's Holdings (CHUY) turned higher again this afternoon, climbing almost 2%, after the restaurant chain late Thursday reported a surprise Q1 penny profit, excluding one-time items, on $94.5 million in revenue.
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Deckers Outdoor (DECK) rose 6% on Friday after the footwear company said it earned $0.57 per share during its fiscal Q4 ended March 31, down from $0.82 during the same quarter last year but exceeding the Capital IQ consensus for $0.09 normalized. In company news, Pinduoduo (PDD) was 14% higher late Friday after the Chinese e-commerce company reported a 43.7% year-over-year increase in revenue, climbing to RMB6.54 billion and beating the Capital IQ consensus expecting $5.21 billion for the three months ended March 31. Analysts, on average, had been expecting an adjusted Q1 loss of $0.04 per share on $93.7 million in revenue, according to Capital IQ.
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56c17c26-dce7-440b-8d09-fd228d6ffd2f
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724154.0
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2020-05-22 00:00:00 UTC
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Deckers Outdoor Corp (DECK) Q4 2020 Earnings Call Transcript
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-deck-q4-2020-earnings-call-transcript-2020-05-22
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nan
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nan
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Image source: The Motley Fool.
Deckers Outdoor Corp (NYSE: DECK)
Q4 2020 Earnings Call
May 21, 2020, 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 2020 Earnings Conference Call. [Operator Instructions] I'll now turn the call over to Erinn Kohler, VP of Investor Relations and Corporate Planning. Please go ahead.
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 the impact of COVID-19 on our business and industry, changes in consumer behavior and the retail environment, strength of our brands and demand for our products, changes to our distribution and inventory management strategies, and our anticipated financial performance, cost savings and liquidity position.
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 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.
Please note that throughout this discussion, there may be references to certain non-GAAP financial measures for comparable prior year results. These non-GAAP financial measures refer to results before taking into account non-recurring charges that are not believed to be core to our ongoing operating results. Our non-GAAP financial measures are not adjusted for constant currency. While we are not reporting any non-GAAP financial adjustments for the fourth quarter of fiscal 2020, a reconciliation between our reported GAAP and non-GAAP results for the prior year can be found in our earnings release that is posted on our website under the Investors tab.
With that, I'll now turn it over to Dave.
Dave Powers -- Chief Executive Officer, President & Director
Thanks, Erinn. Good afternoon, everyone. As our fiscal year 2020 came to an end, communities around the world were experiencing impacts from the spread of the COVID-19 pandemic. On behalf of the Deckers organization, I'd like to extend our thoughts to everyone affected by the virus and share our deepest gratitude to all the individuals on the front lines of this crisis, especially the healthcare workers and first responders. I'd also like to thank all of our employees for their efforts during this unprecedented time. The entire Deckers organization understands that this is a very difficult time for many people.
I'm proud of how our employees and brands have risen to the occasion to serve communities in need through programs such as our Better Together initiative that we launched to support COVID-19 pandemic relief efforts. Through monetary contributions, we're working to support small businesses in our community and the individuals they employ. In addition, our brands contributing in-kind donations of product. To date, we've donated over 10,000 pairs of shoes to first responders and essential workers. At Deckers, we believe doing good essential to the success of our employees, brands and organization as a whole. We'll continue to do our part in supporting those in need through these trying times. We are all in this together.
Given the extraordinary circumstances, today's dialog is going to follow a different structure than our past earnings calls. To outline, I'll begin with the discussion on how we're responding to and navigating through the crisis, then give an update on the status of our operations, as well as walk through some of the trends we're seeing in the business through the first half of our first quarter and finish with a condensed overview of our fourth quarter and fiscal year 2020 performance, which will include some details on the pandemic effects in our business in the fourth quarter. Steve will then review the numbers in more detail and expand in some of our COVID-19-related action items. After that, we'll be happy to take questions.
From a business perspective, the COVID-19 pandemic has had and will continue to have widespread effects across our entire industry. However, I believe Deckers is well positioned to weather these impacts with the foundation of the organization we have created over the past three years. We have built a resilient portfolio of healthy brands, delivered levels of operating profit that are top-tier among our peer group, and most importantly, we maintain a robust liquidity position of over $1 billion between our cash balance and available borrowings under our credit facilities. As we plan for fiscal year 2021 and beyond, our leadership team is focused on protecting the progress we've made in our brands as well as our position as a best-in-class organization. We have developed numerous scenarios in evaluating the pandemic's potential impact on our business, with an eye on the timing of when the consumer reemerges into what we would call the new normal.
Our scenario planning has produced action plans intended to mitigate related headwinds, while at the same time, preparing us for the future state of business. We're positioning our brands to deliver a compelling experience and what we anticipate will be a much different consumer landscape and selling environment. With that in mind, we've taken the following actions to empower the Deckers organization to emerge stronger exiting the pandemic, including protecting our brands, maintaining the effectiveness of our organization and preserving our strong liquidity position; reallocating marketing spend to prioritize digital growth, while supporting strategic areas of brand level investment; and adjusting inventory buys to reflect more conservative scenarios of consumer demand with a focus on SKU productivity and high-velocity product turns; and learning from new ways of working, including working remotely and leveraging technology.
In addition to these actions, we are holding frequent discussions with our wholesale partners as we work in tandem to support the health of our brands. We continue to monitor updates from health officials, expert agencies and local authorities to inform our decision-making process. Steve will provide more details later in the call on how these actions inform our fiscal 2021 planning.
From an operations perspective, our Moreno Valley distribution center has continued to operate since reopening. This DC is operating at a modified and slightly limited capacity due to increased social distancing measures taken as a precaution to maintain employee safety. The safety of our employees is our top consideration as we make adjustments to our operations. As a result, we may experience some challenges as we approach peak months of shipping late in our second quarter and early in the third quarter. These are all factors relevant to our scenario planning.
We are also making adjustments to the operations of our retail store fleet to appropriately accommodate updated health and safety measures in order to protect our retail store employees as well as our customers visiting our physical locations. We are intentionally reopening at a measured pace and using the early learnings to shape our broader go-forward strategy. Our direct-to-consumer leadership is empowering retail associates with educational tools and training related to the new working environment. With the small number of doors that we have reopened, we are encouraged to see consumers actively reengaging with the UGG brand stores.
In terms of stores open versus closed as of this week by region, about 20% of North America stores are open and operating at a very limited capacity; roughly half of our EMEA stores are open; approximately 20% of our stores in Japan are open; and all of our owned retail stores in China are open. Though a portion of our stores have opened across the globe, most of them are closed for the majority of the 45-day period I will be outlining momentarily. We'll continue to adjust store openings, as well as our warehouse operations based on the guidance provided by health officials, expert agencies as well as federal, state and local officials.
From a sourcing standpoint, we have a network of financially strong and well-managed strategic partners from material vendors to factories. With the help of our sourcing and materials teams, we have worked closely with our strategic partners to ramp up quickly after the COVID-19-related closures. At this point, we do not have any major concerns from a sourcing perspective.
From an employee standpoint across North America, Europe and Japan, our corporate teams have temporarily transitioned to work-from-home environment where possible by defined roles. I'm pleased with how our employees have stepped up and proven to be highly productive in this new and dynamic environment. We will look to health officials, expert agencies and local authorities to identify both the timing of when to return to offices and when adjustments will be necessary to provide a safe space, including the appropriate social distancing measures.
I'll now walk through our first quarter fiscal 2021 performance to date, as compared to last year, which includes April 1 through May 15. While these trends related to what we are currently experiencing, due to the historical seasonality of our business, this time period only represents roughly 5% of our annual sales volume and thus is not necessarily indicative of the dynamics that we anticipate for future periods. On that note, as we move later into the first quarter, our business becomes more wholesale weighted, and marketplace dynamics for the upcoming months remain fluid.
Overall, the business is trending down single-digits quarter-to-date as compared to last year, with wholesale trending down in the mid-30% range and direct-to-consumer trending up in the high-40% range. Wholesale trends are being driven by store closures as many wholesalers are not taking new shipments of product, while stores remain closed. We remain in close contact with our wholesale partners as we work together to support our brands. Our brands are experiencing different impacts from the current wholesale environment and this is a low period of volume for UGG and Koolaburra, while our HOKA ONE ONE brand is spread more evenly throughout the year. For HOKA, we've made adjustments to our product launches and inventory purchasing to better allow our wholesale partners to capture consumer demand with existing inventory as they're able to reopen stores and work to best leverage our online presence.
For our direct consumer business, as I mentioned, the majority of our 125 stores remain closed, but we're seeing triple-digit e-commerce growth driven by full price selling of both UGG and HOKA, helping to offset some of the volume loss from retail. I would note that the first quarter is traditionally our lowest period of direct-to-consumer volume, and the mix of HOKA e-commerce is disproportionately larger in the total DC volume than in other quarters. We have been very encouraged by the consistently strong interest in our UGG and HOKA brands as evidenced by Google Trends over the last two months, with UGG search interest up 73% over last year and HOKA search interest growth being second highest among peer brands. We think this speaks well to the power of our brands that consumers are actively searching and buying our products during a historically low period of consumer demand.
We are also experiencing a substantial gain in new customer acquisition online, which has been great news as we know that customers entering our online database have a higher lifetime value and purchase frequency than those purchasing in stores. We are especially excited about UGG customer acquisitions as this is typically a lower volume period for the brand. And our strategy aims to convert these new customers into repeat purchases down the road in the holiday period.
I would like to caution now as we move into the second and third quarters, retail volume typically becomes more impactful to our overall results. And we do not expect e-commerce to fully capture lost retail sales volume in the event as stores remain closed or limited in operation.
From a global brand perspective, our quarter-to-date performance by brand across all channels compared to last year through May 15 include UGG down mid-single-digits due to lower wholesale shipments resulting from doors remaining shut as well as the impact of our owned retail store closures. However, we are very encouraged to see the pent-up demand being captured through our e-commerce channel. HOKA up in the low 30% range. And now 45 days is a small portion of the full year, we are going to continue fueling the brand with the goal of sustaining growth above fiscal 2020. And Teva and Sanuk down in the low-40% and mid-30% ranges respectively as these brands are experiencing a heavier impact due to the seasonality of their businesses, with Koolaburra representing an immaterial volume during this period of the year. While we feel positive about the trends we're seeing in the business, there is still plenty of hurdles to overcome in a challenged consumer environment with social distancing practices in place and recessionary concerns that could pressure discretionary spending.
Moving into our discussion on fourth quarter and fiscal year 2020 performance, revenue in the fourth quarter of fiscal 2020 was down 5% versus last year to $375 million, with the shortfall driven by an approximate $25 million headwind from unforeseen COVID-19 impacts. As a reminder, we provided fourth quarter guidance on January 30 and at that time, we had only anticipated preliminary estimates of COVID-19 impacts in our China business. To provide a little more color on how our performance is impacted by this event in the fourth quarter, our prior guidance anticipated China headwinds of approximately $5 million for the quarter compared to last year, mostly driven by store closures and our performance in line with this expectation. As the pandemic spread to Europe, we saw a significant deterioration of the quarter-to-date growth rate trend in the region shifting from over 20% over last year at the end of February to just 6% over last year at the end of March. As the United States shut down in mid-March, we have been trending around 3% over last year through March 15. We saw this decline to 8% below last year by the end of March with the combined impacts of retail store closures as well as reduced wholesale shipments.
Despite the fourth quarter impacts, full year fiscal 2020 performance remained strong as revenue grew by 6% versus the prior year to $2.133 billion and earnings per share increased 9% versus the prior year to $9.62. Deckers fiscal year 2020 performance is a result of having great brands that have built lasting relationships with consumers and continue to build awareness and momentum through targeted focused investments, complemented by a disciplined approach to managing expenses.
Turning to the brand highlights during fiscal year 2020, starting with the Fashion Lifestyle group, which is comprised of our UGG and Koolaburra brands. For full year fiscal 2020, global UGG sales declined by 1% versus last year to $1.521 billion. Considering lost revenue in Q4 due to COVID-19, UGG would have been roughly flat to last year, which is inclusive of a large headwind related to the European marketplace reset in progress. In contrast to the headwinds of the brands in international businesses, UGG grew by 5% in the United States for the second consecutive year. The UGG brand strength in the US has been driven by high levels of brand heat through PR in targeted marketing investments, driving brand search interest up 8% as compared to last year; winning with younger consumers as DTC purchasers aged 18 to 34 increased by 29% versus last year; increased loyalty membership in purchasing as enrollment in UGG Rewards increased 60% and revenue from members grew 19% as compared to last year with members spending more on average and diversified product mix as the Fluff Yeah and Neumel franchises, both drove significant growth.
We will look to build on the strength of our domestic business as we weather the evolving economic and retail landscape in fiscal 2021 and look to capitalize on the brand strength as work-from-home becomes the new normal for many of our consumers. The UGG team has made compelling progress in the brand's domestic business over the past three years and is focused on protecting the brand's sanctity that they worked so hard to build.
Moving to Koolaburra, global revenue in fiscal year 2020 grew by 58% versus last year to $70 million. The Koolaburra brand's performance was fueled by another year of strong full price sell-through and market share gains within the domestic family value channel. Koolaburra also experienced success with its licensed home business and has plans to expand to licensed loungewear this fall in an effort to further extend the brand's lifestyle appeal. Given the value proposition of the brand, we believe Koolaburra will be poised to capture demand from budget conscious consumers in the coming year.
Moving to the Performance Lifestyle group, which is comprised of the HOKA, Teva and Sanuk brands. Starting with HOKA, global revenue for fiscal year 2020 increased by 58% versus last year to $353 million. The HOKA brand far outperformed our expectations from the outset of this year. HOKA growth has been consistently balanced across the globe in the brand's domestic and international businesses and across both wholesale and direct-to-consumer channels. This balance has been achieved during the team's dedication to what we refer to as the HOKA ecosystem, which provides a universally elevated consumer experience across all regions and channels of distribution.
Leveraging the organizational expertise that exists in a multi-brand portfolio, the HOKA brand has quickly evolved its digital presence to become a core strength and represent the ultimate access point of the brand. HOKA digital has become a serious driver of both customer retention and new customer acquisition. Both retained and acquiring customers nearly doubled year-over-year in the HOKA brand's global direct-to-consumer business. The HOKA brand success in fiscal year 2020 is a result of great heritage products, new product innovation and continued refinements of the HOKA ecosystem attracting new consumers. HOKA has significant momentum, and while broader market trends may limit the brand's incredible growth rate in fiscal year 2021, we're going to continue investing in HOKA to fuel our brand-led and consumer informed marketplace strategy.
Turning to our Teva and Sanuk brands, global revenue in fiscal year 2020 was $138 million and $51 million, respectively. Both the Teva and Sanuk brands are attracting consumers with innovative product introductions that feature sustainability stories. This includes Teva's Strap Into Freedom campaign highlighting their use of recycled materials now on nearly all their original sandal straps. Similarly, Sanuk continues to offer eco-friendly options, including their beacon collection. To amplify these efforts and embrace the ever-changing service specialty space, the Sanuk brand has recently streamlined operations to work directly with our internal innovation department known as Deckers Labs. By collaborating directly with Deckers Labs, we're creating cost efficiencies in the business, while also reinvigorating the Sanuk brand's innovation engine.
With respect to channel performance, global wholesale sales increased 7% for the full fiscal year. Fiscal 2020 performance was driven primarily by domestic strength in the HOKA, UGG and Koolaburra brands. Domestic wholesale has now grown over 9% for two consecutive years based on the strength of these brands. For the year, international wholesale increased low-single-digits, due to HOKA brand's expansion being partially offset by the ongoing European reset of the UGG brand that is similar to the strategy we successfully implemented in the UGG brand's domestic wholesale marketplace. We also experienced negative pressure from foreign currency exchange rates.
Global direct-to-consumer sales increased 3% for the full fiscal year. Comparable sales for full fiscal year increased 5% versus the prior year. Please note that our DTC comp for fiscal 2020 has been adjusted to exclude the final weeks of March retail volume as a result of COVID-19. For the full year, DTC performance was driven by global growth of the HOKA brand as the brand nearly doubled its e-commerce volume year-over-year and domestic strength of the UGG brand online. We've been intently focused on enhancing the adoption of our brands online over the past few years, and this will be a primary focus in fiscal 2021 with the disruption of the retail landscape.
With that, I'll hand the call over to Steve to provide more details on the fourth quarter and fiscal 2020 results, as well as some additional thoughts on fiscal 2021.
Steven J. Fasching -- Chief Financial Officer
Thanks, Dave, and good afternoon everyone. Before we jump into our fourth quarter and fiscal year 2020 results as well as an overview of our approach to managing the business in this unprecedented environment, I'd like to take a moment to highlight the strategies we've implemented over the past few years. The actions we have taken have built a more efficient business and created a strong framework and solid footing to navigate the current uncertainty. More specifically, we have implemented the UGG domestic wholesale marketplace management strategy, reducing the risk of excess inventory in the wholesale marketplace and lowering the risk of default with a smaller and healthier account base; built a strong partnership for the HOKA brand in the run specialty channel driving awareness in customer affinity, while also capturing accelerated demand through direct-to-consumer; invested in digital infrastructure and marketing for all our brands to deliver a compelling consumer experience; shifted cost structure by reducing fixed costs and investing in variable categories; consolidated our factory base to work with financially strong partners with diversified operations outside of China; and made a targeted improvement to Teva and Sanuk profitability.
The flexibility of our operating model is serving us well during these challenging times allowing us to effectively navigate the current environment. We believe that our past and ongoing efforts provide the foundation to proactively manage through the COVID-19 disruption. We are working from a relative position of strength as compared to our peers due to the significant operating enhancements we've made over the past few years. Our actions drove improvements of over 600 basis points to our non-GAAP operating margin, as compared to fiscal 2017 and more than doubled cash and equivalents to $649 million at the end of our year fiscal 2020.
Now moving to our results. While we ended the year with revenue slightly below our January guidance, the main driver of the shortfall was the impact of the global pandemic in the final weeks of March. Despite these headwinds, Deckers still delivered a third consecutive full year of mid-single-digit revenue growth and top tier operating margins among peers. Our full year fiscal 2020 revenue came in at $2.133 billion, representing growth of 5.6% over prior year. On a constant currency basis, revenue grew by 6.5% as compared to last year. The HOKA brand contributed the majority of the year-over-year increase, up $129 million with Koolaburra contributing an incremental $26 million over last year with Sanuk and UGG revenue offsetting some of the gains. Absent fourth quarter impacts of the COVID-19 pandemic, we believe UGG revenue would have been roughly flat to last year. Additionally, with the results achieved, UGG brand revenue in the year was flat to the prior year on a constant currency basis.
Overall, these results were below the high end of our guidance range by $27 million with fourth quarter revenue coming in at $375 million, down 4.9% from last year. The lower-than-expected revenue was predominantly driven by approximately $25 million headwind related to the COVID-19 pandemic. These headwinds were driven by approximately $20 million related to wholesale shipments as the final two weeks of March typically include high volume shipping of spring/summer product, and we experienced disruption from both the temporary closure of our West Coast distribution center as well as wholesale partners closing stores, and $5 million in lost direct-to-consumer sales as we closed the majority of our retail locations in mid-March.
Gross margins for the full fiscal year was 51.8%, up 26 basis points to last year. The increase in gross margin was driven by margin expansion in our Performance Lifestyle group brands, lower UGG domestic wholesale promotional activity and less closeout volume, partially offset by negative currency pressure from foreign exchange rate fluctuations, increased UGG brand promotional activity outside of the US and channel mix headwinds due to wholesale dollar growth outpacing DTC. This result includes the strong performance of gross margins in the fourth quarter, which came in slightly above our implied guidance of 51.5%, with outperformance largely driven by gains in our Performance Lifestyle group.
From an expense standpoint, our full year spend was up 7.4% to $765.5 million compared to last year's GAAP spend of $712.9 million and up 7.3% to last year's non-GAAP spend of $713.3 million. As a percentage of sales, expenses delevered against the prior year, which was aligned with our guidance as we executed reinvestment plans behind our key initiatives, including investments in marketing to drive brand heat and awareness in HOKA, UGG men's and UGG women's non-core styles; building our technology tools and talent base to advance analytical capabilities and drive efficiencies in how we connect with consumers; and using innovation to develop incremental opportunities that can add value to our brand portfolio. These results are inclusive of actions we were able to take during the fourth quarter in conjunction with the lower revenue we were experiencing. Additionally, in the fourth quarter, we benefited from the reversal of accruals related to performance-based compensation, as well as a lower tax expense resulting from jurisdictional mix and timing of certain tax items.
Our effective tax rate for the year was 19%, which was largely benefited from a state refund and other one-time discrete items, which compares favorably to a 19.6% in the previous year. The impact of these results drove earnings per share of $0.57 in the fourth quarter, ultimately delivering a full year fiscal 2020 earnings per share of $9.62, which compares to last year's $8.84 and our guidance range of $9.40 to $9.50. The $0.78 increase to last year was driven by higher sales and profitability in the Performance Lifestyle group and the Fashion Lifestyle group's domestic business, and benefits of share repurchase, interest income and a lower tax rate with offsets coming from lower sales of UGG internationally due to the ongoing marketplace reset in EMEA and higher spend related to investment behind building technology tools and the talent base to advance our analytical capabilities.
Turning to our balance sheet, at March 31, 2020, we ended fiscal 2020 with $649 million in cash, compared to $590 million cash last year, with additional availability of $469 million to borrow on existing lines of credit. Inventories were up 11.8% at $312 million compared to last year at $279 million. Note that inventory growth over last year would have been below the rate of sales growth, if not for the revenue impacts experienced in the fourth quarter due to COVID-19. And in looking at our inventory position, we are comfortable with the quality of our inventory on hand as a high proportion represents core product with low levels of markdown risk.
During the fiscal year, we repurchased $190 million worth of shares, but as we did not repurchase any stock in the fourth quarter, we still have $160 million remaining authorized for repurchase as of March 31, 2020. And with the current near-term uncertainty and emphasis on liquidity and cash management, we have decided to pause any share repurchase activity for the time being, although we may commence share repurchase in future periods as we deem appropriate. And for the year, these results once again returned invested capital above 20%.
Switching gears to our global backlog, which includes bulk orders and represents an order book snapshot as of March 31, 2020. Backlog was up 4.6% versus the prior year at March 31, 2019. Given the current state of the economy, we do not believe backlog represents a true indicator of performance, and we are not planning our business based on backlog. Subsequent to March 31, we have experienced some cancellations related to COVID-19 disruption. As a result, our total backlog as of mid-May inclusive of all brands has declined to be roughly flat as compared to last year. While we haven't seen the large amount of cancellations to date, we anticipate there will be additional cancellations and thus, are taking a cautious approach in planning the back half of fiscal year 2021. Overall, we are forecasting cancellations to outweigh reorders. The backlog does not include any indication of direct-to-consumer expectations. And as mentioned earlier, the retail environment remains unclear.
Finally, moving on to our forward-looking expectation for fiscal year 2021. Given the ongoing and fluid economic environment related to the COVID-19 pandemic, we will not be providing specific guidance for full fiscal year 2021 at this time. However, I will outline the major themes and how we are managing the business in these uncertain times. While we are not providing guidance, we are approaching fiscal year 2021 with the expectation that total revenue will decline year-over-year, but we believe the HOKA brand will still experience some growth, albeit at a rate lower than we've seen in our first quarter-to-date trend. The Fashion Lifestyle group will face headwinds related to the continued international softness in wholesale cancellations. Inventory levels will be elevated as we carried core product from spring and summer season disruption, as well as delayed product launches to protect the health of our brands. And expenses will be tightly managed as we look to conserve our cash balance.
As Dave mentioned, we've already taken some actions to reduce expense in fiscal year 2021, but we've also developed a number of scenarios to adjust spending based on the timing of expected economic recovery and our operational performance along the way. We have had meaningful discussions with our key wholesale partners to help inform our partnership in planning inventory buys and peak season volume. We believe a conservative approach in fiscal year 2021 will set up a strong return to our operating model in year fiscal 2022. Prior to the spread of the pandemic, we have been planning a continuation of our operating model, which included increased investments in our key initiatives to drive further top line growth.
Now that we are operating in a much different climate, we've reduced planned expenses related to our prior expectation of revenue growth and plan to redeploy a portion of our existing expense base to areas with the highest return. More specifically, some of the adjustments that we've made include reducing costs associated with travel and brand conferences; reducing SKU complexity with an edit-to-amplify strategy that drives savings in our supply chain; finding efficiencies in the workforce, including the implementation of a hiring freeze and foregoing merit increases, savings related to store closures and operating stores in a more limited capacity; and reducing or eliminating other discretionary expenditures. These adjustments give us the ability to dial up or back the planned marketing investments aimed at fueling global HOKA momentum depending on the curve of economic recovery.
Our focus is to preserve the sanctity of our brands as well as the organization we've built to support our strong operating model. This operating model is what allows us to make better decisions with an offense-focused mindset and will ultimately establish the foundation for success on the other side of this pandemic. With our healthy cash position of $649 million that included no debt under our credit facilities as of March 31, 2020 and $469 million available on our existing lines of credit, Deckers is in a competitive liquidity position and is poised to combat the economic pressures resulting from the COVID-19 pandemic. Our focus is to make disciplined financial decisions in the best interest of the organization, while protecting the momentum and health of our brands. We are taking steps designed to put the company in a position to emerge from this crisis with a healthy balance sheet, including a strong cash position with the following considerations in mind, a current pause on share repurchase and disciplined inventory management, all paired with a focused investment in key drivers to ensure we capture demand where possible, ultimately emerging with continued strong brand positioning.
Again, I'd like to reiterate that with healthy and in-demand brands, we are in a position to play offense and build on the momentum of our brands. Over the past few years, we've demonstrated the ability to course correct where necessary, and our fiscal year 2021 will be no different. As we execute our strategies, we may experience some short-term pressures on operating margins, but it is our belief that this strategy will best enable our brands to emerge stronger as we move beyond this crisis.
With that, I'll turn it back to Dave for his closing remarks.
Dave Powers -- Chief Executive Officer, President & Director
Thank you, Steve. As I reflect on the year's performance, my key takeaway is recognizing the strength of our brands, along with an appreciation for their commitment to staying purpose-driven. The power of each brand lies within the authentic connections they've forged with their respective consumer base. Each of our brands remains open for business and are here to serve consumers during this uncertain time. Special thanks to our employees in the front lines, including our warehouse teams, retail associates and customer service agents who continue to deliver and serve our customers in these extraordinary circumstances.
As we look toward adapting our operations to endure the near-term challenges, we are doing so with our sights on the future. We are evaluating our business strategically and intend to emerge from this pandemic with new opportunities and additional strength in the Deckers portfolio. As we navigate forward, I'm confident that the Deckers organization will embrace challenges adopting new ways to collaborate, thrive and inspire each other as we build on our foundation to become stronger. Through it all, we will develop ways to improve our business, including innovations within our planning, production and the delivery of compelling product to the market. As we evolve these operations, we will be mindful to preserve the progress we've made and will stay true to their underlying strategies.
The Deckers organization will overcome near-term hurdles, while setting our sights on the goal of emerging stronger. With that in mind, we will continue to fuel the HOKA brand with digital marketing campaigns and virtual touch points to engage with consumers, focus on what matters in UGG leaning into key styles and protecting marketplace management progress, enhance our e-commerce capabilities and digital presence in the omnichannel atmosphere as we look to accelerate even faster during and beyond this crisis, and stay true to the Deckers spirit becoming better together as we evolve and innovate in the face of challenge looking to continually develop and improve our operations and community.
Overall, in the current environment, our company, brands and balance sheet are well positioned. We will manage the business with a higher level of flexibility throughout the rest of the year. Thank you to all of our stakeholders. On behalf of the entire organization, I hope everyone is staying healthy and safe during these times.
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 today comes from Jonathan Komp with Robert Baird. Please go ahead.
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
Yeah, hi. Thank you. I hope everyone is doing well and healthy. I wanted to maybe just start off broader question on the wholesale environment, then you shared some detail there. I just want to get a sense of your handle on the state of things, inventory and even some of the discussion about orders trends that you're expecting, just any way to frame up a range of variance or any other color that you can give as you think about the balance of the year on the wholesale side.
Dave Powers -- Chief Executive Officer, President & Director
Yeah, I can start off with that Jonathan. First of all, I also want to say, hope everybody on the call is safe and healthy with their families and appreciate everybody listening in. We are -- we have, I should say, over the last few years built very, very strong relationships with our key wholesale partners. And I will say that the team on a weekly, if not daily basis, are having conversations with these partners to navigate through this what's happening in the business now. As you heard on the call, the script, the wholesale business right now is actually performing very well from a sell-through perspective, and the order book is holding pretty well for the back half of the year.
And what we're hearing from our wholesale partners, from a UGG perspective, is they're still confident that UGG is going to be a key brand for them in the back half of the year. We know they need UGG to be successful in the holiday time frame as we all know. And the current trend that's happening with the Fluff Yeah program, slipper and Neumel, things are progressing well. So, certainly, there is challenges with store openings, but we are seeing in our business and also some of our key partners very strong uptick in e-commerce, which is making up some of that loss in stores. And I think with stores opening, hopefully here and key partners over the coming months, we will see some improvements there.
So the outlook right now seems good. We are confident about it. We're hearing from our partners that UGG is going to be a key brand in their portfolio for the rest of the year. They are making cuts. And so, we are just being mindful of that in monitoring it. But so far, the first five or six weeks into the quarter, I think, are progressing nicely for UGG.
And then, the same with HOKA. I think what we're finding is both HOKA and UGG are proving to be really important brands for consumers right now. UGG on the work-from-home comfort lifestyle perspective, it's nice to know that when people think of comfort in home and casual, they do think of UGG first and foremost. And then, a lot of consumers, as you all know, are doing homework out and trying to exercise more. And so, that trend is continuing to keep HOKA as a critical brand. And I think you've seen that in the Google Trends data that came out and we referenced in the script, the brands are in demand. We're challenged with wholesale store openings and our own store openings, but we think the outlook where we stand today looks good.
Steven J. Fasching -- Chief Financial Officer
Yeah. And then just to add on to that a little bit because I think you were referencing, where we gave the quarter-to-date update and talked about wholesale being down kind of mid-30%, that's really because stores are so closed. So with wholesalers that have a strong online presence, they are doing well and sell-through is doing well, and that's what we're seeing. That's where we're also seeing a strong e-commerce business on our side. So more so what we're seeing is the result of the wholesale being down is still stores being closed with our wholesale accounts, but those that are doing business online are actually doing very well and sell-through is as well.
Dave Powers -- Chief Executive Officer, President & Director
Yeah, I think it's key to understand this is a small portion of our total year. And so, while the trends right now look good, especially in the context of the situation we are all in, it is promising. We have a long way to go. And what we don't know yet is what level of reward we are going to get as wholesalers continue to manage tightly their own device.
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
And then just a follow-up on HOKA and the kind of directional color around the growth you're expecting this year, could you just expand a little bit more on the drivers that you see? I know you talked about pulling back on some of the launches, but maybe maintaining flexibility on marketing, and I know you have some new apparel product at a limited portion in the marketplace. So maybe just comment a little bit more on the drivers you see there.
Dave Powers -- Chief Executive Officer, President & Director
Yeah, I think there are couple of things that are happening for HOKA. One of the things we wanted to do, first and foremost, we want to protect the positioning and the strength in the distribution that the brand has built over the last three or four years. That is first and foremost. We see HOKA being around for a long time, being very important brand in the industry for a long time, and we're taking a long-range approach to this. So what the team did, it pushed out some of the launches of products, so that it allowed for our partners and ourselves to sell-through inventory product that's already in the pipeline at full price. If you get paid attention to the HOKA brands in the marketplace, you will see this little to no discounting on the brand. That's because we managed inventory tightly. There is no reason to this kind of because it's selling through where the margins are high and our partners are benefiting from that high average retail and margin and then, staggering some of the launches throughout the year to be in line with where the demand is and the inventory levels.
The HOKA ecosystem, which is what we like to call, the combination of strategic partners in our online business is performing very well, and we're driving more business to our e-commerce site, which is great because we're acquiring more consumers and that's driving up margins a little bit in the short term right now as well. So still optimistic. We know this is going to be headwind for the brand. But right now, full price selling is strong and we still see this as a growth brand, even though this year will be challenging and getting back to high level of growth coming into '22 and beyond. So the goal is protect the brands, maintain tight distribution, maintain full price selling and more of a pull model from consumers and continue to do that with powerful launches. And we have some great innovative launches coming through in the next eight to 10 months.
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
Okay, great. Best of luck.
Dave Powers -- Chief Executive Officer, President & Director
Thanks, Jon.
Steven J. Fasching -- Chief Financial Officer
Thanks, Jon.
Operator
The next question comes from Jim Duffy with Stifel. Please go ahead.
Jim Duffy -- Stifel Nicolaus -- Analyst
Thanks. Good afternoon, guys. I hope you and your families are doing well. To start, Dave, I wanted to ask, a few times in your prepared remarks, you mentioned planning for a new normal and future state of the business. Can you share in the post-pandemic world, maybe how you're thinking about the new normal and future state of the business, specifically for the UGG brand and some of the things you're doing to prepare for that?
Dave Powers -- Chief Executive Officer, President & Director
Yeah. We had a lot of conversations just around that, what is the new normal. I think everybody is trying to figure that out. And for us, there is a couple of things. First, from an employee standpoint, we are seeing some positive results during the work-from-loan scenario or situation, both in the ability to stay connected and make decisions faster, which I think is great and have been beneficial for the team. It also allows us to be more efficient in our spend and reduce travel. So there is things from an operation and employee workforce perspective that we will probably continue for the long term, leveraging technology to reduce travel using 3D and imaging for our sales samples and reducing costs there. There's a lot of good benefits. The things that we knew and we're working on, but we had the opportunity right now through technology to accelerate some of those things.
From a business standpoint, like we've been saying for the last few years now, we see a handful of really strong strategic wholesale partners leveraging them to access the consumer and across the different demographics of our consumer base, that's emerging and then really continuing to fuel our DTC business. And so, we have shifted pretty dramatically the marketing efforts to be much more in tune with what's happening in the consumers. Now, we're using a lot more user-generated content, leveraging PR and we're getting fantastic response to that.
So I think you're going to see a shift to faster product to market, faster adjustments in digital marketing, continuing to fuel our DTC business over time and continuing with the strength of franchise styles, where the real upside for the brand long term is. And I think this is the first time we've seen this kind of reaction to the UGG brand in spring and summer. And I truly believe that even without the situation, the UGG fluff sandal franchise would have been an exciting product in this environment. And so, those are the types of things that we're going to continue doing, I would say, bigger and more powerful closely related to the brand DNA launches, leveraging our partners to reach consumers with new product and then really fueling DTC from a long-range plan perspective.
Jim Duffy -- Stifel Nicolaus -- Analyst
Great. Can I ask you to elaborate some on the merchandising strategies for this fiscal year with the UGG brand? Can you talk more about balancing newness with concentrating the merchandising assortment and known high-velocity styles?
Steven J. Fasching -- Chief Financial Officer
Yeah. So there is two keys to that. One is, we wanted to reduce the inventory in styles that were seasonally light -- with seasonal liability. So styles that were in and out, one-time styles that really in the scheme of things weren't generating a lot of volumes. So the teams went back in the first week of the shutdown back in mid-March. This is across all of our brands. We went through an adjusted buys and really reduced SKU count anywhere from 20% to [Phonetic] 30% going into the back half of the year to protect our level of margin liability and inventory in the channel, but more importantly to really focusing on the big drivers of the business. And so, I think you're going to see continued newness in things like our fluff franchise.
We have another launch coming out in June. The pride launch that has just hit. There is another launch for that product in September. And we have a lot of these planned, but what we realized is the combination of UGG DNA and comfort and fashion is our formula for success. And we want to continue that with fewer styles of bigger volume and bigger impact style going forward. And then, we also have our apparel launch this year that we talked about. We're doing a pretty aggressive launch that was originally planned. We're still going to do in DTC and some of the key wholesale doors with Nordstrom. So we're staying course, but we're just getting more focused and disciplined and focused on speed along the lines.
Jim Duffy -- Stifel Nicolaus -- Analyst
Very helpful. Thank you.
Steven J. Fasching -- Chief Financial Officer
Thanks, Jim.
Operator
Next question comes from Camilo Lyon with BTIG. Please go ahead.
Camilo Lyon -- BTIG -- Analyst
Thank you. Hi guys, how are you?
Dave Powers -- Chief Executive Officer, President & Director
Good. Welcome back.
Camilo Lyon -- BTIG -- Analyst
Thank you. Thank you. So a couple of questions. So you talked about your backlog through mid-May being flattish and you also said that you're contemplating or expecting more cancellations to happen, but you haven't seen those yet to a large degree. So a couple of questions on that. Can you tell us at what point in the year will you stop accepting cancellations? We're getting kind of in that window where we're a couple of months away from shipments of fall starting to unfold. And it seems -- and it's early days, but it does seem that as stores start to reopen, the trends are less bad than initially feared, generally speaking. So I'm just curious to know how you're thinking about that?
Steven J. Fasching -- Chief Financial Officer
Yeah, it's a good question. I think if that goes really to kind of how we're scenario planning. So at this stage, as wholesale accounts are still opening up, we want to see our stores open up and what the demand is. It goes back a little bit for the first question where we're seeing I think initially, and it's still early on and kind of a higher proportion of e-commerce sales in the first part of this quarter, then it shifts to wholesale, but with the strength of e-commerce, it's giving us confidence in product sell-through and wholesale accounts that are selling online are having strong sell-through. So at this stage, we think it's still a little early to kind of call it in terms of when we call the line in terms of cancellations. We are working with accounts to understand where their product is, what the product is selling through.
We have wholesale accounts who have both online and physical presence. They're trying to use with their learning from their online sales to help formulate an opinion kind of on physical store. So it's still ongoing. I think we've learned more in the last couple of weeks. We continue to see strong sell-through, and I think it's giving some of our wholesalers confidence in how UGG is performing. So, as we -- again not providing guidance, but as we were thinking about the year being cautious about what potentially could happen, recognizing we're still in the smallest part of our year. So first quarter representing less than 12% of our business, it's just being a little bit cautious. We do have inventory. So we can fulfill orders, but we want to be a little bit cautious in terms of what we're ordering. And we'll use what we're seeing to kind of educate us on how to think about kind of backlog and cancellations, but at this point, we just felt kind of it's prudent to be a little bit cautious, and we expect that we'll see some more cancellations, but as we indicated in the change in the backlog, we have seen cancellations, and we probably think that's a good part of the cancellations, and then we'll see what happens as stores reopen.
Dave Powers -- Chief Executive Officer, President & Director
Yeah, we just initiated our last buy for the holiday season over last week or so. We had a lot of conversations with the wholesale team validating assumptions from some of our wholesale partners and where we've decided to land is we're going to buy to the orders. In the past, we would buy a little bit more cushion on the upside. We have some good core inventory we're carrying over. We'll buy to the orders, but we are expecting to see some cancellations as things progress. But the order book is also shifting between partners as people with more online presence are doing better than people with more store -- relevant store -- physical store reliant business. So it shifts within the mix and then -- but the order book, as we said, still looks good and we're mind to that order book and then, we put ourselves in a chase position, things are better than planned.
Camilo Lyon -- BTIG -- Analyst
That's great. And then my -- thank you for that color. It's very helpful actually. And then, my follow-up is if you take -- so you've given great color on the wholesale order book and how you're planning and how you build to orders, the inventory. Are you taking a comparable approach to the DTC business? It's now almost 40% of the business. So are you taking a little bit more of a proactive approach in allocating more or better inventory to your DTC channel?
Dave Powers -- Chief Executive Officer, President & Director
Yeah. We made some shifts obviously between what the expectations were, have been for stores and e-commerce. So no surprise, we're seeing a better business in e-commerce right now obviously, because stores are closed, we think that trend will continue. One of the big benefits of having a good e-commerce business right now is we are acquiring a lot of new consumers and a lot of new young consumers in both HOKA and UGG that we can go back to in the holiday time frame. So we're optimistic that we're going to continue to have a strong online presence and online business, shifting inventory, but we can share inventory easily between online and retail. And then we are planning for some more potential closeouts, if there are cancellations that we can funnel through those DTC channels as well with higher margins. So a little bit more conservative there, but we do think in key styles of franchises that there is upside in e-commerce and we put that into our expectations.
Camilo Lyon -- BTIG -- Analyst
So, is it safe to say that your DTC plan is a little bit less conservative than what your wholesale plan is?
Dave Powers -- Chief Executive Officer, President & Director
Yeah, I think so. Yeah, that's fair. Yeah.
Camilo Lyon -- BTIG -- Analyst
Great. Thank you, guys. Good luck.
Dave Powers -- Chief Executive Officer, President & Director
Thanks, Camilo.
Steven J. Fasching -- Chief Financial Officer
Thank you.
Operator
Next question comes from Sam Poser with Susquehanna. Please go ahead.
Sam Poser -- Susquehanna Financial Group -- Analyst
Good afternoon. Thank you for taking my questions. I guess, just a follow-up with -- on the wholesale side of things, especially with HOKA on the -- on your partners direct-to-consumer business, on your partners' e-commerce businesses, are you utilizing a good deal of drop ship right now? So, you're basically reacting directly to the customers' demand through their website. So you're doing a bit of that at the moment?
Dave Powers -- Chief Executive Officer, President & Director
Yeah, we're doing a small portion because a lot of those are smaller independents. So we're doing some of that, but it's not a big part of our overall business at this time. We're available. We're operating it for sure.
Sam Poser -- Susquehanna Financial Group -- Analyst
And then in the near term, Steve, are you seeing sort of -- because of the way the business is going and such a shift to e-commerce and so on, are there any structural gross margin headwind, so that in the near term just because of the state of the market, not necessarily because you have -- it would be more on the fixed costs kind of situation rather than merch margin?
Steven J. Fasching -- Chief Financial Officer
Yeah, I mean, what I would say on the near term right is and again, what we've seen in kind of the quarter-to-date is with a higher proportion of e-commerce, right. Gross margins are contributing to an improvement in margins, some of the higher gross margins associated with that, some of that will shift as the bulk of the remaining quarter shifts to kind of wholesale. And then I think we'll have to see as we emerge from this kind of economic pressures. But in terms of kind of some margin as a higher portion of our business in the first few weeks of the quarter have been more heavily on e-commerce, we're seeing some margin improvement there. We'll see a little bit of a shift as we see more wholesale being fulfilled in the back half of the first quarter and then again, not providing guidance, but as we look at the balance of year, we will see how things develop in terms of promotions. And then in terms of how we're thinking about the organization as we talked about, it is shifting some resources to e-commerce to help drive the increased traffic that we're seeing there. So where we're finding efficiencies in the organization and I think some of that in our e-commerce infrastructure to facilitate the increased traffic and demand that we're seeing.
Sam Poser -- Susquehanna Financial Group -- Analyst
Thanks.
Dave Powers -- Chief Executive Officer, President & Director
And right now, as I mentioned earlier, we're still seeing full price selling at a very healthy rate for our brands and we want to maintain that through -- as long as we can. We are predicting there will be more suitable promotional environment in the back half of the year. But right now, full price sell-through is strong. We opened the closet for UGG today for the Memorial Day weekend time frame to liquidate some of the spring products that we want to go to out, so we go into the back half the year clean. And so, you might see a little bit of that in the marketplace, but those are seasonal styles that aren't really important to the core business and we'll manage through that with what we have. But as Steve said, e-commerce is the strength right now, a little bit more higher margins to date, but we have a lot of wholesale orders to do in the back half.
Steven J. Fasching -- Chief Financial Officer
And then the other thing that we've talked about, right, which we demonstrated last year is using marketing. So, we've increased our marketing spend around that, and we'll continue to use that as a lever as we evaluate kind of how sales continue to come in.
Sam Poser -- Susquehanna Financial Group -- Analyst
And then just two more things, you alluded to sort of new channels of distribution. And I've been hearing that some of the sort of more athletic reach, you're starting to maybe build up assortments with some of the more athletic retailers that happened that generally have a decent digital platform as well. Can you give us some color on what's going on there? And then one of your major accounts earlier in the season decided to get promotional for a little bit of time. How are you reacting if people -- if your wholesale partners do something that hurt the brand?
Dave Powers -- Chief Executive Officer, President & Director
Yeah. Great question And as we've been saying for a while, the sanctity of our brand and positioning in the market is first and foremost for us. So, we've been firm on pricing, and we've had conversations with some of our partners. I think you saw some of that early in the quarter and that's the way we're going to approach this. This is -- we see this as a shorter-term headwind for the economy and our brands, but we're in this for the long haul and we want our brands to weather through this in a quality way. We're not going to chase revenue just chasing revenue and discounting brands to get there and that's the approach.
For HOKA, generally speaking, we said the distribution and is the right distribution today. I think our access points to the consumer give us a good footprint, as well as driving business for our e-commerce business. We did open Dick's recently for the first time. We did a test with them like three or four years ago. They were in and out quickly, and that was before people really understood what it was all about, but the test so far has been going very well. We're very pleased with that. And we're going to continue to do business with Dick's with HOKA. Really primarily seeing online and probably 10 stores and expanding the assortment a little bit right now. Approaching Bondi, we are going to be expanding into Rincon as well. But very pleased to see the reaction from the consumer, which tells us that awareness is growing dramatically for the HOKA brand. And in an environment like that, we're competing head-to-head with some of the best brands out there and to see the response is very encouraging for us.
Sam Poser -- Susquehanna Financial Group -- Analyst
Thank you.
Dave Powers -- Chief Executive Officer, President & Director
Thanks, Sam.
Steven J. Fasching -- Chief Financial Officer
Thanks, Sam.
Operator
The next question comes from Tom Nikic with Wells Fargo. Please go ahead.
Tom Nikic -- Wells Fargo -- Analyst
Hey, everybody. Thanks for taking my questions. First, I want to ask about the European resets. The list, the pandemic and what's going on the last couple of months. So does that change anything as far as the European reset goes? Does it accelerate it, slow it down? Just any color you can give on them would be helpful?
Dave Powers -- Chief Executive Officer, President & Director
Yeah. As you know, we've talked about this on our lastearnings call We're going into this year with a focus on resetting UGG in the European marketplace. There's been some brand heat issues, inventory and the channel cleanup that we need to do. So the plan is still to do that. We are looking at allocating resources this year from a marketing perspective where we want to focus. We made some adjustments between the EMEA business and the China business to show most of those up, but really staying on course. And like I just said, we've instructed the teams over there not to chase revenue. They'll try not to discount the product, still focus on cleaning it up.
It will be a challenge this year. Obviously, they're getting pretty heavily affected across the region. And we're going to manage that tightly, but still reset is the goal and reigniting the brand and the classic franchise in the European consumer. Some good news though is we are seeing more adoption of the Fluff franchise and the slippers in that marketplace as we haven't seen in the past. And a lot of the PR and social and celebrity posts that we're getting for UGG right now, which has just phenomenal, is starting to resonate nicely with the younger consumer over in that marketplace as well. So hopefully, that will help with brand heat positioning. But from an inventory and marketplace perspective, we're going to manage it tightly with a goal of creating more of a scarcity model and resetting brand through the year.
Tom Nikic -- Wells Fargo -- Analyst
Got it. And then just a follow up on HOKA. Right now, the wholesale distribution, there's a lot of independent smaller retailers. Is there any concern about some of those retailers maybe not surviving the current lockdown, and what that would potentially do for the gross trajectory of HOKA?
Dave Powers -- Chief Executive Officer, President & Director
Yeah. It's interesting, we had a call with the HOKA sales team and some of the marketing folks yesterday. And they're using some of the new analytical capabilities that we've created in the company to really take an assessment of each individual account based on their geographic location and where their states are within the closings or social distancing measures where they're opening up and the remaining assumptions on which stores [Technical Issues]. And so, I can't share any of that color, but I would say, now that we're looking at levels the teams are closely monitoring, working with a lot of those partners, some of them may not make it and -- but I think overall, it won't be significant to the trajectory that the HOKA brand is on. We still continue to fuel that with big players and our online business, and their potential growth with Dick's maybe offset some of that. So still optimistic. It all depends when they're able to reopen and the velocity of sales don't get at that time.
Steven J. Fasching -- Chief Financial Officer
Yeah. And Tom, just to add to that. In my prepared remarks, I made the comment about kind of HOKA, we're planning a little bit slower growth this year. So clearly, we will see some disruption as a result of COVID-19. But it's a short-term kind of disruption to the brand. So as Dave said, we're going to manage closely. We're going to work with the accounts. We're going to try to help accounts, where we can. And some won't make it, but that business will transfer to some somewhere else hopefully online.
Dave Powers -- Chief Executive Officer, President & Director
I think the demand is there certainly, and I think this is not going to have an impact on the trajectory over the business overall. Just to further update, we are doing a little few more drops ships with our HOKA brand at this time. You can get an update from David, our COO. So that is happening, which -- we're happy to deal with the situation.
Tom Nikic -- Wells Fargo -- Analyst
All right. Sounds good. Thanks a lot and best of luck this year.
Dave Powers -- Chief Executive Officer, President & Director
Thanks, Tom.
Operator
Last question today will come from Paul Lejuez with Citi Research. Please go ahead.
Paul Lejuez -- Citi Research -- Analyst
Hey, guys. Thanks. Sorry, if I missed it, but did you give an e-comm growth rate for quarter-to-date by brand? That's for a second, just curious what percent of your SKUs sold to a wholesale partner ultimately sells through a store versus online? And then last, just curious what you've seen in China? I think you said those stores are all open. I'm curious how business has come back there. Thanks.
Steven J. Fasching -- Chief Financial Officer
I think the first part of the question was, what is we mentioned on kind of brand growth quarter-to-date. So what we've said was UGG was down. We didn't put -- we don't break out e-comm, but UGG is down, which is all channels down mid-single-digit. HOKA up low-30% range; Teva down low-40%; Sanuk down mid-30%, but we don't necessarily break down out by channel. And DTC is, which is sales, is up 40%.
Dave Powers -- Chief Executive Officer, President & Director
Stores and e-commerce combined.
Steven J. Fasching -- Chief Financial Officer
Stores and e-comm, yeah.
Paul Lejuez -- Citi Research -- Analyst
Right. And then...
Dave Powers -- Chief Executive Officer, President & Director
E-comm is within that a little [Phonetic] company, is up triple-digits.
Steven J. Fasching -- Chief Financial Officer
And e-comm is up triple-digits, correct.
Dave Powers -- Chief Executive Officer, President & Director
And then you talked about SKU, what percent of SKUs is sold in wholesale, online versus store, did I get that right?
Paul Lejuez -- Citi Research -- Analyst
Correct. You're selling -- you've got big wholesale business. Curious if you have a sense of what percent of those units that you sell through one of your partners ultimately get sold through a store versus online?
Dave Powers -- Chief Executive Officer, President & Director
Yes, I think generally speaking, it's probably in the 30%, 40% range in a normal environment, certainly in this environment, assuming 95% to 100% with store closures in our wholesale partners.
Paul Lejuez -- Citi Research -- Analyst
Got it. Thanks, and then just China experience?
Dave Powers -- Chief Executive Officer, President & Director
China, they've been through this, right? And we're learning a lot from our China team and the management over there. They were shut down obviously early in the year for about three months stores working from home, obviously a lot more serious and the shutdown is being here. They are back to work in the offices, not fully back. There's still some work-from-home situations happening there, which is fine. They're managing the business right. They're working closely with our wholesale partners who are also having some serious headwind, because they don't have e-commerce, they're in stores. And then, the stores that we're opening, they're back online, they're not to the levels that they were. We'd expect them to be -- keep in mind retail stores for UGG at this time of year in China is very low volume, but the e-commerce business has picked up nicely in the marketplace.
So there will still be some headwinds through the year, but I think we do some cleanup and help our partners through some of their inventory challenges. But all in all, we're seeing good reaction to the products that's in the marketplace now, both in the slippers category, but also some of our sneakers, such as the LA-class style that just launched and then continuing to manage tightly the HOKA business in that marketplace as well. So back on track, back up and operating, but the consumers' response to opened stores is still slowly coming back and I think it's going to be that way for a little while.
Paul Lejuez -- Citi Research -- Analyst
Got you. Can I just go back to the 30% to 40% that you mentioned selling online through your wholesale partners? Does that defer much by brand?
Steven J. Fasching -- Chief Financial Officer
It will be, HOKA will have a higher percentage of what they're selling online in terms of the line of products.
Dave Powers -- Chief Executive Officer, President & Director
Across the board, that will be independent or not. Those will be heavily weighted more on store versus e-commerce, the small independents. So generally speaking, I think it all depends on the account, department stores, anywhere from 30% to 40%, some cases maybe a little bit higher. And then the smaller independents is less online business. So it averages out, I would say, across all brands, from 30% to 40%.
The other thing just real quick is I don't know how the industry has really thought about this, but it is something that we're thinking about with the lack of Chinese tourists travel, presumably through the rest of the year and beyond that's going to have impact on global outlet businesses, European businesses, but it's been a positive impact to the China business. So we don't know what that looks like yet, it's something that we're monitoring closely. But I think it is going to be a factor in the industry that we're going to have to pay attention to.
Paul Lejuez -- Citi Research -- Analyst
Great. Thank you. Good luck guys.
Dave Powers -- Chief Executive Officer, President & Director
Right.
Operator
[Operator Closing Remarks]
Duration: 73 minutes
Call participants:
Erinn Kohler -- Vice President of Investor Relations & Corporate Planning
Dave Powers -- Chief Executive Officer, President & Director
Steven J. Fasching -- Chief Financial Officer
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
Jim Duffy -- Stifel Nicolaus -- Analyst
Camilo Lyon -- BTIG -- Analyst
Sam Poser -- Susquehanna Financial Group -- Analyst
Tom Nikic -- Wells Fargo -- Analyst
Paul Lejuez -- Citi Research -- Analyst
More DECK analysis
All earnings call transcripts
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10 stocks we like better than Deckers Outdoor
When investing geniuses David and Tom Gardner have 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.*
David and Tom 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.
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*Stock Advisor returns as of April 16, 2020
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.
Motley Fool Transcribers 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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Deckers fiscal year 2020 performance is a result of having great brands that have built lasting relationships with consumers and continue to build awareness and momentum through targeted focused investments, complemented by a disciplined approach to managing expenses. Deckers Outdoor Corp (NYSE: DECK) Q4 2020 Earnings Call May 21, 2020, 4:30 p.m. Welcome to the Deckers Brands Fourth Quarter Fiscal 2020 Earnings Conference Call.
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With that in mind, we've taken the following actions to empower the Deckers organization to emerge stronger exiting the pandemic, including protecting our brands, maintaining the effectiveness of our organization and preserving our strong liquidity position; reallocating marketing spend to prioritize digital growth, while supporting strategic areas of brand level investment; and adjusting inventory buys to reflect more conservative scenarios of consumer demand with a focus on SKU productivity and high-velocity product turns; and learning from new ways of working, including working remotely and leveraging technology. Operator [Operator Closing Remarks] Duration: 73 minutes Call participants: Erinn Kohler -- Vice President of Investor Relations & Corporate Planning Dave Powers -- Chief Executive Officer, President & Director Steven J. Fasching -- Chief Financial Officer Jonathan Komp -- Robert W. Baird & Co. -- Analyst Jim Duffy -- Stifel Nicolaus -- Analyst Camilo Lyon -- BTIG -- Analyst Sam Poser -- Susquehanna Financial Group -- Analyst Tom Nikic -- Wells Fargo -- Analyst Paul Lejuez -- Citi Research -- Analyst More DECK analysis All earnings call transcripts {%sfr%} 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q4 2020 Earnings Call May 21, 2020, 4:30 p.m.
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Operator [Operator Closing Remarks] Duration: 73 minutes Call participants: Erinn Kohler -- Vice President of Investor Relations & Corporate Planning Dave Powers -- Chief Executive Officer, President & Director Steven J. Fasching -- Chief Financial Officer Jonathan Komp -- Robert W. Baird & Co. -- Analyst Jim Duffy -- Stifel Nicolaus -- Analyst Camilo Lyon -- BTIG -- Analyst Sam Poser -- Susquehanna Financial Group -- Analyst Tom Nikic -- Wells Fargo -- Analyst Paul Lejuez -- Citi Research -- Analyst More DECK analysis All earnings call transcripts {%sfr%} 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q4 2020 Earnings Call May 21, 2020, 4:30 p.m. Welcome to the Deckers Brands Fourth Quarter Fiscal 2020 Earnings Conference Call.
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Operator [Operator Closing Remarks] Duration: 73 minutes Call participants: Erinn Kohler -- Vice President of Investor Relations & Corporate Planning Dave Powers -- Chief Executive Officer, President & Director Steven J. Fasching -- Chief Financial Officer Jonathan Komp -- Robert W. Baird & Co. -- Analyst Jim Duffy -- Stifel Nicolaus -- Analyst Camilo Lyon -- BTIG -- Analyst Sam Poser -- Susquehanna Financial Group -- Analyst Tom Nikic -- Wells Fargo -- Analyst Paul Lejuez -- Citi Research -- Analyst More DECK analysis All earnings call transcripts {%sfr%} 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q4 2020 Earnings Call May 21, 2020, 4:30 p.m. Welcome to the Deckers Brands Fourth Quarter Fiscal 2020 Earnings Conference Call.
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5cd4c2ad-9385-4188-a560-5fd8fd97c8d1
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724155.0
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2020-05-21 00:00:00 UTC
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Deckers Outdoor Corp Q4 adjusted earnings
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-q4-adjusted-earnings-2020-05-21
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(RTTNews) - Deckers Outdoor Corp (DECK) revealed earnings for fourth quarter that declined from the same period last year.
The company's profit came in at $13.63 million, or $0.57 per share. This compares with $23.84 million, or $0.82 per share, in last year's fourth quarter.
Analysts had expected the company to earn $0.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 4.9% to $374.91 million from $394.13 million last year.
Deckers Outdoor Corp earnings at a glance:
-Analysts Estimate: $0.21 -Revenue (Q4): $374.91 Mln vs. $394.13 Mln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deckers Outdoor Corp (DECK) revealed earnings for fourth quarter that declined from the same period last year. Deckers Outdoor Corp earnings at a glance: -Analysts Estimate: $0.21 -Revenue (Q4): $374.91 Mln vs. $394.13 Mln last year. This compares with $23.84 million, or $0.82 per share, in last year's fourth quarter.
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(RTTNews) - Deckers Outdoor Corp (DECK) revealed earnings for fourth quarter that declined from the same period last year. Deckers Outdoor Corp earnings at a glance: -Analysts Estimate: $0.21 -Revenue (Q4): $374.91 Mln vs. $394.13 Mln last year. This compares with $23.84 million, or $0.82 per share, in last year's fourth quarter.
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(RTTNews) - Deckers Outdoor Corp (DECK) revealed earnings for fourth quarter that declined from the same period last year. Deckers Outdoor Corp earnings at a glance: -Analysts Estimate: $0.21 -Revenue (Q4): $374.91 Mln vs. $394.13 Mln last year. The company's revenue for the quarter fell 4.9% to $374.91 million from $394.13 million last year.
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(RTTNews) - Deckers Outdoor Corp (DECK) revealed earnings for fourth quarter that declined from the same period last year. Deckers Outdoor Corp earnings at a glance: -Analysts Estimate: $0.21 -Revenue (Q4): $374.91 Mln vs. $394.13 Mln last year. The company's profit came in at $13.63 million, or $0.57 per share.
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a18699a0-4584-48c4-a4f2-8c4416029c7c
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724156.0
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2020-05-15 00:00:00 UTC
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Is Ugg Parent Decker Outdoor No More Than a $165 Stock?
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DECK
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https://www.nasdaq.com/articles/is-ugg-parent-decker-outdoor-no-more-than-a-%24165-stock-2020-05-15
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Decker Outdoor (NYSE: DECK) has clawed its way back from the hole it fell into at the onset of the COVID-19 pandemic, rising 77% to approximately $140 per share.
That's still well below the all-time high of $203 per share it hit in mid-February, and if Pivotal Research analyst Mitch Kummetz is correct in his analysis, while there's still some upside left, it's not near what he thought before the bottom fell out of the retail market.
Image source: Decker Outdoor.
More carnage to come
Kummetz lowered his price target on the owner of brands such as Ugg and Teva from the $217 per share level he set it back in January to $165 today, a 24% drop because the worst of the pandemic is still to come for the footwear company as it prepares to report fiscal fourth-quarter earnings.
Previously, Kummetz pegged Deckers to post sales at the high end of management's forecasted range of between $392 million and $402 million, but Thefly.com says he subsequently lowered that outlook by 14% because that "is in the ballpark of what we've seen from other companies this earnings season."
That puts Decker's sales around $345 million, but the analyst believes the weight of the pandemic will actually fall on fiscal first-quarter results due to the number of order cancellations and company-owned store closures.
The silver lining is Kummetz' price target still sees 17% upside from here.
10 stocks we like better than Deckers Outdoor
When investing geniuses David and Tom Gardner have 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.*
David and Tom 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 16, 2020
Rich Duprey 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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That puts Decker's sales around $345 million, but the analyst believes the weight of the pandemic will actually fall on fiscal first-quarter results due to the number of order cancellations and company-owned store closures. Decker Outdoor (NYSE: DECK) has clawed its way back from the hole it fell into at the onset of the COVID-19 pandemic, rising 77% to approximately $140 per share. Image source: Decker Outdoor.
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Decker Outdoor (NYSE: DECK) has clawed its way back from the hole it fell into at the onset of the COVID-19 pandemic, rising 77% to approximately $140 per share. Image source: Decker Outdoor. Previously, Kummetz pegged Deckers to post sales at the high end of management's forecasted range of between $392 million and $402 million, but Thefly.com says he subsequently lowered that outlook by 14% because that "is in the ballpark of what we've seen from other companies this earnings season."
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10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Decker Outdoor (NYSE: DECK) has clawed its way back from the hole it fell into at the onset of the COVID-19 pandemic, rising 77% to approximately $140 per share. Image source: Decker Outdoor.
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* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Deckers Outdoor wasn't one of them! Decker Outdoor (NYSE: DECK) has clawed its way back from the hole it fell into at the onset of the COVID-19 pandemic, rising 77% to approximately $140 per share. Image source: Decker Outdoor.
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80ab8216-5e66-4480-8df8-6562d5be16ee
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724157.0
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2020-03-29 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Motley Fool - 3/29/2020
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-on-motley-fool-3-29-2020-2020-03-29
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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.
DECKERS OUTDOOR CORP (DECK) is a mid-cap value 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 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: 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
STURM RUGER & COMPANY INC (RGR) is a small-cap growth stock in the Recreational Products industry. The rating according to our strategy based on Motley Fool is 67% 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: Sturm, Ruger & Company, Inc. is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States. The castings segment manufactures and sells steel investment castings and metal injection molding (MIM) parts. The Company's design and manufacturing operations are located in the United States. The Company primarily offers products in three industry product categories: rifles, pistols, and revolvers. The Company's firearms are sold through independent wholesale distributors, principally to the commercial sporting market. The Company manufactures firearm products under the Ruger name. The Company also manufactures and sells accessories and replacement parts for its firearms.
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): FAIL
AVERAGE SHARES OUTSTANDING: PASS
SALES: PASS
DAILY DOLLAR VOLUME: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
AVID TECHNOLOGY, INC. (AVID) is a small-cap growth stock in the Photography industry. The rating according to our strategy based on Motley Fool is 63% 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: Avid Technology, Inc. is a provider of an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and video content. The Company develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution. The Company's products are used in production and post-production facilities; film studios; network, affiliate, independent and cable television stations; recording studios; live-sound performance venues; advertising agencies; government and educational institutions; corporate communication departments, and by independent video and audio creative professionals, as well as aspiring professionals and enthusiasts. Projects produced using its products include feature films, television programs, live events, news broadcasts, commercials, music, video and other digital media content.
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: 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): FAIL
AVERAGE SHARES OUTSTANDING: PASS
SALES: PASS
DAILY DOLLAR VOLUME: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
ACUSHNET HOLDINGS CORP (GOLF) is a small-cap growth stock in the Recreational Products industry. The rating according to our strategy based on Motley Fool is 63% 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: Acushnet Holdings Corp. is engaged in the design, development, manufacture and distribution of golf products. The Company is engaged in various product categories, such as golf clubs, wedges, putters, golf gloves, golf gear and golf wear. The Company operates in four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear and FootJoy Golf Wear. The company's Titleist golf ball segment is engaged in designing and manufacturing a golf ball. It sells Titleist Pro V1. The Company also designs, manufactures and sells other golf balls under the Titleist brand, such as NXT Tour, Velocity and DT TruSoft, as well as under the Pinnacle brand. The Company designs, assembles and sells golf clubs (drivers, fairways, hybrids and irons) under the Titleist brand, wedges under the Vokey Design brand, and putters under the Scotty Cameron brand. Titleist golf clubs, Vokey Design wedges and Scotty Cameron putters are used by the players.
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: 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: FAIL
DAILY DOLLAR VOLUME: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
PURPLE INNOVATION INC (PRPL) is a small-cap growth stock in the Furniture & Fixtures industry. The rating according to our strategy based on Motley Fool is 63% 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: Purple Innovation, Inc., formerly Global Partner Acquisition Corp., is a comfort technology company. The Company offers a range of mattresses, seat cushions, pillows, platform base, sheets, mattress protectors and powerbase products using its Hyper-Elastic Polymer technology. The Company provides its mattresses under the brand No Pressure. The Company provides various types of cushions, such as Everywhere Purple cushion, Portable Purple cushion, Royal Purple cushion, Purple Back cushion, Ultimate Purple cushion and Simple Purple cushion. The Company has manufacturing sites in Alpine and Grantsville, Utah.
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: PASS
INSIDER HOLDINGS: FAIL
CASH FLOW FROM OPERATIONS: FAIL
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: PASS
PRICE: PASS
INCOME TAX PERCENTAGE: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Motley Fool has returned 426.86% vs. 155.66% for the S&P 500. For more details on this strategy, click here
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. DECKERS OUTDOOR CORP (DECK) is a mid-cap value stock in the Footwear industry. Projects produced using its products include feature films, television programs, live events, news broadcasts, commercials, music, video and other digital media content.
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DECKERS OUTDOOR CORP (DECK) is a mid-cap value 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. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States.
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DECKERS OUTDOOR CORP (DECK) is a mid-cap value 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. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here STURM RUGER & COMPANY INC (RGR) is a small-cap growth stock in the Recreational Products industry.
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DECKERS OUTDOOR CORP (DECK) is a mid-cap value 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. 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.
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a742f3e4-e652-4549-992f-ae77ee7659fb
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724158.0
|
2020-03-24 00:00:00 UTC
|
Consumer Sector Update for 03/24/2020: MOV,LB,RCL,DECK
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DECK
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https://www.nasdaq.com/articles/consumer-sector-update-for-03-24-2020%3A-movlbrcldeck-2020-03-24
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nan
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nan
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Top Consumer Stocks
WMT -0.50%
MCD +14.81%
DIS +13.05%
CVS +3.11%
KO +6.05%
Consumer stocks were ending broadly higher, with the SPDR Consumer Staples Select Sector ETF climbing 4.6% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was adding 8.4% in value.
Among consumer stocks moving on news:
(+) Movado Group (MOV) rose 7% after the luxury watch company Tuesday said it has extended its licensing agreement with Tommy Hilfiger through Dec. 31, 2024. The companies can extend their partnership for an additional five years at Movado's request and if sales have met a minimum level. The deal also requires Movado to spend a specified percentage of its net sales of licensed products on cooperative advertising and direct advertising and establishes new royalty levels on future sales.
In other sector news:
(+) L Brands (LB) climbed over 39% after a new regulatory filing showed Melvin Capital Management has acquired 14.2 million of the retailer's common shares, equal to about 5.1% of its outstanding stock.
(+) Royal Caribbean Cruises (RCL) rose nearly 22% after board members Eyal Ofer and Arne Alexander Wilhelmsen each purchased $100 million of a $2.2 billion loan, Reuters reported. Wilhelmsen is the cruise-liner company's largest individual shareholder with an 11% interest, according to the report.
(+) Deckers Outdoor (DECK) was ahead almost 15% after the footwear and apparel company said it has resumed limited operations at its distribution center in Moreno Valley, Calif. Deckers said it considered expert guidelines and was using additional precautionary measures and social distancing procedures at the facility.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(+) Deckers Outdoor (DECK) was ahead almost 15% after the footwear and apparel company said it has resumed limited operations at its distribution center in Moreno Valley, Calif. Deckers said it considered expert guidelines and was using additional precautionary measures and social distancing procedures at the facility. Among consumer stocks moving on news: (+) Movado Group (MOV) rose 7% after the luxury watch company Tuesday said it has extended its licensing agreement with Tommy Hilfiger through Dec. 31, 2024. In other sector news: (+) L Brands (LB) climbed over 39% after a new regulatory filing showed Melvin Capital Management has acquired 14.2 million of the retailer's common shares, equal to about 5.1% of its outstanding stock.
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(+) Deckers Outdoor (DECK) was ahead almost 15% after the footwear and apparel company said it has resumed limited operations at its distribution center in Moreno Valley, Calif. Deckers said it considered expert guidelines and was using additional precautionary measures and social distancing procedures at the facility. Top Consumer Stocks Consumer stocks were ending broadly higher, with the SPDR Consumer Staples Select Sector ETF climbing 4.6% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was adding 8.4% in value.
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(+) Deckers Outdoor (DECK) was ahead almost 15% after the footwear and apparel company said it has resumed limited operations at its distribution center in Moreno Valley, Calif. Deckers said it considered expert guidelines and was using additional precautionary measures and social distancing procedures at the facility. Consumer stocks were ending broadly higher, with the SPDR Consumer Staples Select Sector ETF climbing 4.6% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was adding 8.4% in value. Among consumer stocks moving on news: (+) Movado Group (MOV) rose 7% after the luxury watch company Tuesday said it has extended its licensing agreement with Tommy Hilfiger through Dec. 31, 2024.
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(+) Deckers Outdoor (DECK) was ahead almost 15% after the footwear and apparel company said it has resumed limited operations at its distribution center in Moreno Valley, Calif. Deckers said it considered expert guidelines and was using additional precautionary measures and social distancing procedures at the facility. Top Consumer Stocks Among consumer stocks moving on news: (+) Movado Group (MOV) rose 7% after the luxury watch company Tuesday said it has extended its licensing agreement with Tommy Hilfiger through Dec. 31, 2024.
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5842be19-1285-47c9-8147-01583091ed38
|
724159.0
|
2020-03-24 00:00:00 UTC
|
Consumer Sector Update for 03/24/2020: LB,RCL,DECK
|
DECK
|
https://www.nasdaq.com/articles/consumer-sector-update-for-03-24-2020%3A-lbrcldeck-2020-03-24
|
nan
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nan
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Top Consumer Stocks
WMT -1.61%
MCD +12.93%
DIS +12.91%
CVS +1.75%
KO +7.06%
Consumer stocks were broadly higher, with the SPDR Consumer Staples Select Sector ETF climbing 4.4% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was adding 7.7% in value.
Among consumer stocks moving on news:
(+) L Brands (LB) climbed over 40% after a new regulatory filing showed Melvin Capital Management has acquired 14.2 million of the retailer's common shares, equal to about 5.1% of its outstanding stock.
In other sector news:
(+) Royal Caribbean Cruises (RCL) rose nearly 30% after board members Eyal Ofer and Arne Alexander Wilhelmsen each purchased $100 million of a $2.2 billion loan, Reuters reported. Wilhelmsen is the cruise-liner company's largest individual shareholder with an 11% interest, according to the report.
(+) Deckers Outdoor (DECK) was ahead almost 13% after the footwear and apparel company said it has resumed limited operations at its distribution center in Moreno Valley, Calif. Deckers said it considered expert guidelines and was using additional precautionary measures and social distancing procedures at the facility.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(+) Deckers Outdoor (DECK) was ahead almost 13% after the footwear and apparel company said it has resumed limited operations at its distribution center in Moreno Valley, Calif. Deckers said it considered expert guidelines and was using additional precautionary measures and social distancing procedures at the facility. Among consumer stocks moving on news: (+) L Brands (LB) climbed over 40% after a new regulatory filing showed Melvin Capital Management has acquired 14.2 million of the retailer's common shares, equal to about 5.1% of its outstanding stock. In other sector news: (+) Royal Caribbean Cruises (RCL) rose nearly 30% after board members Eyal Ofer and Arne Alexander Wilhelmsen each purchased $100 million of a $2.2 billion loan, Reuters reported.
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(+) Deckers Outdoor (DECK) was ahead almost 13% after the footwear and apparel company said it has resumed limited operations at its distribution center in Moreno Valley, Calif. Deckers said it considered expert guidelines and was using additional precautionary measures and social distancing procedures at the facility. Top Consumer Stocks Consumer stocks were broadly higher, with the SPDR Consumer Staples Select Sector ETF climbing 4.4% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was adding 7.7% in value.
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(+) Deckers Outdoor (DECK) was ahead almost 13% after the footwear and apparel company said it has resumed limited operations at its distribution center in Moreno Valley, Calif. Deckers said it considered expert guidelines and was using additional precautionary measures and social distancing procedures at the facility. Consumer stocks were broadly higher, with the SPDR Consumer Staples Select Sector ETF climbing 4.4% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was adding 7.7% in value. Among consumer stocks moving on news: (+) L Brands (LB) climbed over 40% after a new regulatory filing showed Melvin Capital Management has acquired 14.2 million of the retailer's common shares, equal to about 5.1% of its outstanding stock.
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(+) Deckers Outdoor (DECK) was ahead almost 13% after the footwear and apparel company said it has resumed limited operations at its distribution center in Moreno Valley, Calif. Deckers said it considered expert guidelines and was using additional precautionary measures and social distancing procedures at the facility. Top Consumer Stocks In other sector news: (+) Royal Caribbean Cruises (RCL) rose nearly 30% after board members Eyal Ofer and Arne Alexander Wilhelmsen each purchased $100 million of a $2.2 billion loan, Reuters reported.
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1372ebbd-9b18-478e-88a1-c31a8ff87713
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724160.0
|
2020-03-20 00:00:00 UTC
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U.S. Retailers Work to Adapt to Coronavirus Closures
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DECK
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https://www.nasdaq.com/articles/u.s.-retailers-work-to-adapt-to-coronavirus-closures-2020-03-20
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nan
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nan
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As government policymakers all over the U.S. have separately made decisions to close public schools and prohibit large gatherings, retailers have jumped on the bandwagon to temporarily close brick and mortar stores entirely or limit their hours of operation. As a result, e-commerce strength has never been as important as it is right now, as the U.S. and the global community deal with a public health crisis.
These retailers have already seen huge decreases in their share prices since COVID-19 hit U.S. shores. Will store closures hurt their revenue-building efforts even more than these companies were already expecting, or can they rely on e-commerce to make up some of the difference?
Which companies closed stores?
This is a partial list of publicly traded companies that announced store closures this week:
Apple (NASDAQ: AAPL)
Microsoft (NASDAQ: MSFT)
Nordstrom (NYSE: JWN)
Deckers (NYSE: DECK)
Macy's (NYSE: M)
Nike (NYSE: NKE)
Urban Outfitters (NASDAQ: URBN)
Abercrombie and Fitch (NYSE: ANF)
lululemon athletica (NASDAQ: LULU)
Under Armour (NYSE: UA)(NYSE: UAA)
Image source: Getty Images.
"The well-being of our teammates and consumers is our top priority," Nike said in a news release, which is leading it to close stores in most global markets, but not all. For the time being, these closures take effect from March 16 through March 27.
This is the attitude that comes across throughout the news releases, as companies scramble to figure out how to navigate the coronavirus situation and ensure the health of workers and customers.
Some of the companies, such as Under Armour, Lululemon, and Urban Outfitters, made it clear that they will continue to pay employees throughout this period.
Taking extra precautions
In addition to store closures, the companies separately announced that they will take measures to ensure employee safety as well. Those who are able to work from home have been asked to do so, and workers who cannot work remotely will take shifts in company offices and maintain social distancing rules. Work areas will be cleaned and disinfected regularly.
Some other general steps many companies have taken include offering paid leave for sick families and medical services such as therapy. Lululemon is connecting with customers through online yoga and meditation classes.
Making changes as necessary
Other companies that are making changes to their hours include Walmart (NYSE: WMT) and Gap (NYSE: GPS). Walmart is reducing hours to allow for optimized stocking and sanitizing. Gap said it will closely monitor guidelines from the Centers for Disease Control and may close certain stores as the situation develops.
Digitally set
All of these companies are stressing, or more appropriately relying on, their e-commerce operations to get their businesses and their customers through this time. So far, the postal system is going strong, and there's no evidence that coronavirus can be transferred through the mail.
It remains to be seen how heavily this will affect these companies' top lines. While digital growth has been in the double-digits for many of these companies, they all still make the majority of their sales in-store. This may become the litmus test for how well the economy can run though a spike in e-commerce.
Retailers that work exclusively online, such as Stitch Fix and Etsy, may find that this is a boon to their sales, although Amazon may be the biggest winner of all.
Open for business
Target CEO Brian Cornell originally said that stores will remain open as usual so customers can get what they need on demand. The company is, however, putting limits on certain key items so there will be product availability for everyone.
The company updated its customers that it will close every day at 9 p.m. and dedicate the first hour of shopping to the elderly and vulnerable.
Retail stocks have tanked with the market meltdown, and these companies are stepping up to the plate by putting the public's health needs first.
10 stocks we like better than Target
When investing geniuses David and Tom Gardner have 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.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now… and Target 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 March 18, 2020
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Amazon, Apple, Etsy, Lululemon Athletica, Microsoft, Nike, Stitch Fix, Under Armour (A Shares), and Under Armour (C Shares). The Motley Fool recommends Nordstrom and recommends the following options: long January 2021 $85 calls on Microsoft and short January 2021 $115 calls on Microsoft. 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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This is a partial list of publicly traded companies that announced store closures this week: Apple (NASDAQ: AAPL) Microsoft (NASDAQ: MSFT) Nordstrom (NYSE: JWN) Deckers (NYSE: DECK) Macy's (NYSE: M) Nike (NYSE: NKE) Urban Outfitters (NASDAQ: URBN) Abercrombie and Fitch (NYSE: ANF) lululemon athletica (NASDAQ: LULU) Under Armour (NYSE: UA)(NYSE: UAA) Image source: Getty Images. "The well-being of our teammates and consumers is our top priority," Nike said in a news release, which is leading it to close stores in most global markets, but not all. This is the attitude that comes across throughout the news releases, as companies scramble to figure out how to navigate the coronavirus situation and ensure the health of workers and customers.
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This is a partial list of publicly traded companies that announced store closures this week: Apple (NASDAQ: AAPL) Microsoft (NASDAQ: MSFT) Nordstrom (NYSE: JWN) Deckers (NYSE: DECK) Macy's (NYSE: M) Nike (NYSE: NKE) Urban Outfitters (NASDAQ: URBN) Abercrombie and Fitch (NYSE: ANF) lululemon athletica (NASDAQ: LULU) Under Armour (NYSE: UA)(NYSE: UAA) Image source: Getty Images. See the 10 stocks *Stock Advisor returns as of March 18, 2020 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool owns shares of and recommends Amazon, Apple, Etsy, Lululemon Athletica, Microsoft, Nike, Stitch Fix, Under Armour (A Shares), and Under Armour (C Shares).
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This is a partial list of publicly traded companies that announced store closures this week: Apple (NASDAQ: AAPL) Microsoft (NASDAQ: MSFT) Nordstrom (NYSE: JWN) Deckers (NYSE: DECK) Macy's (NYSE: M) Nike (NYSE: NKE) Urban Outfitters (NASDAQ: URBN) Abercrombie and Fitch (NYSE: ANF) lululemon athletica (NASDAQ: LULU) Under Armour (NYSE: UA)(NYSE: UAA) Image source: Getty Images. See the 10 stocks *Stock Advisor returns as of March 18, 2020 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool owns shares of and recommends Amazon, Apple, Etsy, Lululemon Athletica, Microsoft, Nike, Stitch Fix, Under Armour (A Shares), and Under Armour (C Shares).
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This is a partial list of publicly traded companies that announced store closures this week: Apple (NASDAQ: AAPL) Microsoft (NASDAQ: MSFT) Nordstrom (NYSE: JWN) Deckers (NYSE: DECK) Macy's (NYSE: M) Nike (NYSE: NKE) Urban Outfitters (NASDAQ: URBN) Abercrombie and Fitch (NYSE: ANF) lululemon athletica (NASDAQ: LULU) Under Armour (NYSE: UA)(NYSE: UAA) Image source: Getty Images. Which companies closed stores? That's right -- they think these 10 stocks are even better buys.
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2b4760aa-74cb-4f36-bc19-36e9d6469328
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724161.0
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2020-03-19 00:00:00 UTC
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Validea Joel Greenblatt Strategy Daily Upgrade Report - 3/19/2020
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DECK
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https://www.nasdaq.com/articles/validea-joel-greenblatt-strategy-daily-upgrade-report-3-19-2020-2020-03-19
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nan
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nan
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The following are today's upgrades for Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
MIDDLEBY CORP (MIDD) is a mid-cap value stock in the Misc. Capital Goods industry. The rating according to our strategy based on Joel Greenblatt changed from 70% to 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: The Middleby Corporation is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The Company operates in three segments: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. It is also engaged in the design, manufacture, marketing, distribution and service of a range of foodservice equipment used in commercial restaurants and institutional kitchens; food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and kitchen equipment, including ranges, ovens, refrigerators, ventilation and dishwashers used in the residential market. It manufactured and assembled the equipment at 28 facilities in the United States, and 23 international manufacturing facilities as of December 31, 2016. Its brands include Anets, Beech, Blodgett, Blodgett Combi, Stewart Systems, Mercury, Rangemaster, Rayburn and Redfyre.
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.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DECKERS OUTDOOR CORP (DECK) is a mid-cap value stock in the Footwear industry. The rating according to our strategy based on Joel Greenblatt changed from 70% to 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: 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.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
CIMPRESS PLC (CMPR) is a small-cap value stock in the Printing Services industry. The rating according to our strategy based on Joel Greenblatt changed from 70% to 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: Cimpress plc is a technology driven company, which aggregates through the Internet, large volumes of small, individually customized orders for a spectrum of print, signage, apparel and similar products. It operates through segments, which include Vistaprint, PrintBrothers, The Print Group, National Pen and All Other Businesses. The Vistaprint segment represents its Vistaprint-branded Websites and its Webs-branded business, which is managed with the Vistaprint-branded digital business. The PrintBrothers and The Print Group segments include the druck.at, Exagroup, Easyflyer, Printdeal, Pixartprinting, Tradeprint, and WIRmachenDRUCK branded businesses. National Pen segment includes the global operations of its National Pen business, which manufactures custom writing instruments and promotional products, apparel and gifts. The All Other businesses segment includes the operations of its BuildASign, Printi, VIDA and YSD.
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.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
NVENT ELECTRIC PLC (NVT) is a mid-cap value stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Joel Greenblatt changed from 70% to 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: nVent Electric plc is a global provider of electrical connection and protection solutions. The Company designs, manufactures, markets, installs and services products and solutions that connect and protect equipment, buildings and critical processes. The Company's portfolio of brands include CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER. The Company operates through three segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions. The Enclosures segment provides solutions that protect, connect and manage heat in electronics, communication, control, and power equipment. The Thermal Management segment provides electric thermal solutions that connect and protect critical buildings, infrastructure, industrial processes and people. The Electrical & Fastening Solutions segment provides fastening solutions that connect and protect electrical and mechanical systems and civil structures.
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.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
CROCS, INC. (CROX) is a small-cap value stock in the Footwear industry. The rating according to our strategy based on Joel Greenblatt changed from 70% to 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: Crocs, Inc. is engaged in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children. The Company's segments include Americas, Asia Pacific and Europe. Its products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials. Its Croslite material enables the Company to produce non-marking, and odor-resistant footwear. The Company sells its products in more than 90 countries, through three distribution channels: wholesale, retail, and e-commerce. Its wholesale channel, which includes domestic wholesalers as well as international wholesalers and distributors; The retail channel includes Company-operated stores, and e-commerce channel includes Company-operated e-commerce.
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.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
U.S. PHYSICAL THERAPY, INC. (USPH) is a small-cap growth stock in the Healthcare Facilities industry. The rating according to our strategy based on Joel Greenblatt changed from 60% to 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: U.S. Physical Therapy, Inc., through its subsidiaries, operates outpatient physical therapy clinics that provide pre-and post-operative care, and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers and neurological-related injuries. The Company's segment is made up of various clinics within partnerships. The Company primarily operates through subsidiary clinic partnerships, in which it owns a general partnership interest and a limited partnership interest, and the managing therapists of the clinics owns the remaining limited partnership interest in the clinics. The Company operates approximately 587 physical therapy clinics in 40 states. In addition to owning and operating clinics, the Company manages approximately 26 physical therapy facilities for unaffiliated third parties, including hospitals and physician groups.
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.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
EPLUS INC. (PLUS) is a small-cap value stock in the Software & Programming industry. The rating according to our strategy based on Joel Greenblatt changed from 80% to 90% 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: ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software. The financing segment operations primarily consist of the financing of information technology equipment, software and related services. Both segments sell to commercial entities, state and local governments, government contractors and educational institutions. The Company is a provider of IT solutions, which enable organizations to optimize their IT environment and supply chain processes. It delivers and integrates IT products and software from various vendors, and provides private, hybrid, and public cloud solutions.
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.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Joel Greenblatt has returned 27.78% vs. 86.81% for the S&P 500. For more details on this strategy, click here
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
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. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP (DECK) is a mid-cap value stock in the Footwear industry. Company Description: Crocs, Inc. is engaged in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP (DECK) is a mid-cap value 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. Company Description: The Middleby Corporation is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP (DECK) is a mid-cap value 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. The Company operates in three segments: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP (DECK) is a mid-cap value 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. 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.
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1b4d5374-c1ec-4791-8d6c-b25bcbc50e38
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724162.0
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2020-03-17 00:00:00 UTC
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Deckers Closes Stores in U.S., Canada, Europe for Month of March
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DECK
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https://www.nasdaq.com/articles/deckers-closes-stores-in-u.s.-canada-europe-for-month-of-march-2020-03-17
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Deckers Brands (NYSE: DECK) is the latest retail chain to announce store closures because of the novel coronavirus. It probably won't be the last.
This morning, the maker of UGG, Teva, Hoka, Koolaburra, and Sanuk footwear announced that all of its UGG stores in North America and Europe, "as well as the Sanuk store in Orlando," are closed through March 31.
Image source: Getty Images.
Deckers was quick to clarify that it considers this a temporary measure and that "the e-commerce operations of the Company's brands remain open to consumers."
The Company's fulfillment and distribution centers are continuing to operate, albeit "with increased precautionary health and safety measures instituted in accordance with the combined advice of both expert agencies and local authorities." And e-commerce operations are being supported by "customer experience teams, who are working remotely."
The company has also "proactively shifted corporate employees to a work from home status as appropriate."
As for the retail employees who will be unable to work during the store closures, Deckers noted that they "will continue to receive pay and benefits during this temporary closure period."
Elsewhere in retail, Nordstrom announced today that it is also temporarily closing all of its store in the U.S. and Canada. Nike, Apple, and Microsoft have all closed their retail stores as well. Walmart said yesterday that it will shift its stores from a 24/7 schedule and its stores will be open only from 6 a.m. to 11 p.m. "until further notice."
Perhaps it's because of this "misery loves company" effect that Decker's stock is now down just 1% as of 2:30 p.m. EDT -- after falling as much as 11% earlier in the day.
10 stocks we like better than Deckers Outdoor
When investing geniuses David and Tom Gardner have 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.*
David and Tom 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 December 1, 2019
Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Rich Smith has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Apple, Microsoft, and Nike. The Motley Fool recommends Nordstrom and recommends the following options: long January 2021 $85 calls on Microsoft and short January 2021 $115 calls on Microsoft. 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 Brands (NYSE: DECK) is the latest retail chain to announce store closures because of the novel coronavirus. Deckers was quick to clarify that it considers this a temporary measure and that "the e-commerce operations of the Company's brands remain open to consumers." As for the retail employees who will be unable to work during the store closures, Deckers noted that they "will continue to receive pay and benefits during this temporary closure period."
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Deckers was quick to clarify that it considers this a temporary measure and that "the e-commerce operations of the Company's brands remain open to consumers." Deckers Brands (NYSE: DECK) is the latest retail chain to announce store closures because of the novel coronavirus. As for the retail employees who will be unable to work during the store closures, Deckers noted that they "will continue to receive pay and benefits during this temporary closure period."
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As for the retail employees who will be unable to work during the store closures, Deckers noted that they "will continue to receive pay and benefits during this temporary closure period." 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Brands (NYSE: DECK) is the latest retail chain to announce store closures because of the novel coronavirus.
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Deckers was quick to clarify that it considers this a temporary measure and that "the e-commerce operations of the Company's brands remain open to consumers." * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Deckers Outdoor wasn't one of them! Deckers Brands (NYSE: DECK) is the latest retail chain to announce store closures because of the novel coronavirus.
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56658047-8a5d-4004-99c6-50c8e4a7940e
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724163.0
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2020-03-17 00:00:00 UTC
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Validea Kenneth Fisher Strategy Daily Upgrade Report - 3/17/2020
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DECK
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https://www.nasdaq.com/articles/validea-kenneth-fisher-strategy-daily-upgrade-report-3-17-2020-2020-03-17
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nan
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The following are today's upgrades for Validea's Price/Sales Investor model based on the published strategy of Kenneth Fisher. This value strategy rewards stocks with low P/S ratios, long-term profit growth, strong free cash flow and consistent profit margins.
D. R. HORTON INC (DHI) is a large-cap value stock in the Construction Services industry. The rating according to our strategy based on Kenneth Fisher changed from 90% to 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: D.R. Horton, Inc. is a homebuilding company. The Company has operations in 84 markets in 29 states across the United States. The Company's segments include its 44 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums. The Company's 44 homebuilding divisions are aggregated into six segments: East Region, South Central Region, Midwest Region, West Region, Southwest Region and Southeast Region. In the financial services segment, the Company sells mortgages and collects fees for title insurance agency and closing services. The Company has subsidiaries that conduct insurance-related operations; construct and own income-producing rental properties; own non-residential real estate, including ranch land and improvements, and own and operate oil and gas-related assets.
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.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: PASS
LONG-TERM EPS GROWTH RATE: PASS
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
IMAX CORP (USA) (IMAX) is a small-cap value stock in the Motion Pictures industry. The rating according to our strategy based on Kenneth Fisher changed from 58% to 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: IMAX Corporation is an entertainment technology company. The Company operates through seven segments: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other. The IMAX systems segment designs, manufactures, sells or leases IMAX theater projection system equipment. The theater system maintenance segment maintains IMAX theater projection system equipment in the IMAX theater network. The joint revenue sharing arrangements segment provides IMAX theater projection system equipment to exhibitors. The film production and IMAX DMR segment produces films and performs film re-mastering services. The film distribution segment distributes films. The film post-production segment provides film post-production and film print services. The other segment includes certain IMAX theaters that the Company owns and operates, camera rentals and other miscellaneous items.
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.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DECKERS OUTDOOR CORP (DECK) is a mid-cap value stock in the Footwear industry. The rating according to our strategy based on Kenneth Fisher changed from 68% to 90% 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.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: PASS
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
CUTERA, INC. (CUTR) is a small-cap value stock in the Medical Equipment & Supplies industry. The rating according to our strategy based on Kenneth Fisher changed from 40% to 60% 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: Cutera, Inc. is a medical device company. The Company is engaged in the design, development, manufacture, marketing and servicing of laser and other energy-based aesthetics systems for practitioners across the world. The Company offers products based on product platforms, such as enlighten, excel HR, truSculpt, excel V and xeo, each of which enables physicians and other practitioners to perform aesthetic procedures for customers. Each of its laser and other energy-based platforms consists of one or more hand pieces and a console that incorporates a universal graphical user interface, a laser or other energy-based module, control system software and high voltage electronics. The Company also offers products, such as CoolGlide that includes CV, Excel and Vantage; Solera that includes Titan S, ProWave 770, OPS 600, LP560, AcuTip 500, Titan V/XL and LimeLight, and a third-party sourced system, myQ for the Japanese market.
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.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: FAIL
THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
NATUS MEDICAL INC (NTUS) is a small-cap value stock in the Medical Equipment & Supplies industry. The rating according to our strategy based on Kenneth Fisher changed from 58% to 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: Natus Medical Incorporated is a provider of newborn care and neurology healthcare products and services used for the screening, diagnosis, detection, treatment, monitoring and tracking of common medical ailments in newborn care, hearing impairment, neurological dysfunction, epilepsy, sleep disorders, neuromuscular diseases and balance and mobility disorders. The Company's product offerings include computerized neurodiagnostic systems for audiology, neurology, polysomnography, and neonatology, as well as newborn care products, such as hearing screening systems, phototherapy devices for the treatment of newborn jaundice, head-cooling products for the treatment of brain injury in newborns, incubators to control the newborn's environment, and software systems for managing and tracking disorders and diseases for public health laboratories. The Company is organized into three strategic business units: Neurology, Newborn Care and Otometrics.
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.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
HARMONY GOLD MINING CO. (ADR) (HMY) is a small-cap value stock in the Gold & Silver industry. The rating according to our strategy based on Kenneth Fisher changed from 40% to 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: Harmony Gold Mining Company Limited, through its subsidiaries, is engaged in gold mining and related activities, including exploration, extraction and processing. The Company's segments include South Africa Underground, Surface, and International. The South Africa Underground segment includes Kusasalethu, Doornkop, Phakisa, Tshepong, Masimong, Target 1, Bambanani, Joel, Unisel and Target 3. The Surface segment comprises the Company's other surface operations. The Company's International segment comprises Hidden Valley Project. The Company has operations in South Africa and Papua New Guinea (PNG). The Company's principal product is the Gold bullion. The Company's exploration projects include Golpu project and Kili Teke prospect. The Company has approximately nine underground mines, one open pit operation and several surface sources in South Africa. The Company's subsidiaries include Lydenburg Exploration Limited, Tswelopele Beneficiation Operation (TBO) and Harmony Copper Limited.
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.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: PASS
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: FAIL
THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
NK LUKOIL PAO (ADR) (LUKOY) is a large-cap value stock in the Oil & Gas - Integrated industry. The rating according to our strategy based on Kenneth Fisher changed from 90% to 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: NK Lukoil PAO is an energy company. The primary activities of LUKOIL and its subsidiaries are oil exploration, production, refining, marketing and distribution. Its segments include Exploration and Production; Refining, Marketing and Distribution, and Corporate and other. The Exploration and Production segment includes its exploration, development and production operations related to crude oil and gas. These activities are located within Russia, with additional activities in Azerbaijan, Kazakhstan, Uzbekistan, the Middle East, Northern and Western Africa, Norway, Romania and Mexico. The Refining, Marketing and Distribution segment includes refining, petrochemical and transport operations, marketing and trading of crude oil, natural gas and refined products, generation, transportation and sales of electricity, heat and related services. The Corporate and other segment includes operations related to finance activities, production of diamonds and certain other activities.
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.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: PASS
LONG-TERM EPS GROWTH RATE: PASS
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
SEASPINE HOLDINGS CORP (SPNE) is a small-cap value stock in the Medical Equipment & Supplies industry. The rating according to our strategy based on Kenneth Fisher changed from 28% to 60% 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: SeaSpine Holdings Corporation is a medical technology company focused on the design, development and commercialization of surgical solutions for the treatment of patients suffering from spinal disorders. The Company offers a portfolio of orthobiologics and spinal implants solutions to meet the varying combinations of products that neurosurgeons and orthopedic spine surgeons need to perform fusion procedures on the lumbar, thoracic and cervical spine. Its spinal implants portfolio consists of a line of products to facilitate spinal fusion in degenerative, minimally invasive surgery (MIS), and complex spinal deformity procedures. Orthobiologics products are used in orthopedic and dental procedures and consist of a range of bone graft substitutes to address the key elements of bone regeneration -osteoinduction, osteoconduction and osteogenesis. Spinal implant portfolio consists of a line of products for spinal decompression alignment and stabilization.
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.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: FAIL
THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
OOMA INC (OOMA) is a small-cap value stock in the Communications Services industry. The rating according to our strategy based on Kenneth Fisher changed from 48% to 60% 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: Ooma, Inc. is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling. Ooma is a full router capable of prioritizing voice data and directing traffic to ensure reliable phone service. Its enterprise-grade phone service built for small business includes features, such as calling features, including unlimited calling in United States and Canada, 911 service and toll-free numbers available; office features, including virtual receptionist, extension dialing and voicemail; mobility features, including call forwarding, voicemail forwarding and multi-ring, and one-touch Internet protocol (IP) phone features, including three way conference, transfer calls and call on hold.
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.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: FAIL
THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
A10 NETWORKS INC (ATEN) is a small-cap value stock in the Software & Programming industry. The rating according to our strategy based on Kenneth Fisher changed from 48% to 60% 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: A10 Networks, Inc. is a provider of software and hardware solutions. The Company's solutions enable its customers to secure and optimize the performance of their data center and cloud applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale. The Company offers a portfolio of hardware, software and cloud offerings. Its customers include cloud providers, Web-scale companies, service providers, government organizations and enterprises. The Company's portfolio consists of six application delivery and security products, including Application Delivery Controllers (ADC), Lightning Application Delivery Service (Lightning ADS), Carrier Grade Network Address Translation (CGN), Threat Protection System (TPS), SSL Insight (SSLi) and Convergent Firewall (CFW). The Company's products are available in a range of form factors, such as optimized hardware appliances, bare metal software, virtual appliances and cloud-native software.
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.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: FAIL
THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
YELP INC (YELP) is a small-cap growth stock in the Printing & Publishing industry. The rating according to our strategy based on Kenneth Fisher changed from 58% to 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: Yelp Inc. (Yelp) connects people with local businesses by bringing 'word of mouth' online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform. Yelp also provides businesses of all sizes with a range of free and paid services that help them engage with consumers. The Yelp Platform allows consumers to transact with local businesses directly on Yelp through Yelp Reservations, its online reservations product, and integrations with partners ranging from Shoptiques.com (boutique shopping) to GolfNow (tee time booking) to BloomNation (flower ordering).
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.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
ULTA BEAUTY INC (ULTA) is a mid-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on Kenneth Fisher changed from 68% to 90% 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: Ulta Beauty, Inc. is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company's own private label. The Company also offers a full-service salon in every store featuring hair, skin and brow services. The Company operates approximately 970 retail stores across over 48 states and the District of Columbia and also distributes its products through its Website, which includes a collection of tips, tutorials and social content. The Company offers makeup products, such as foundation, face powder, concealer, color correcting, face primer, blush, bronzer, contouring, highlighter, setting spray, shampoos, conditioners, hair styling products, hair styling tools and perfumes. The Company also offers makeup brushes and tools, and makeup bags and cases.
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.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: PASS
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
QUDIAN INC - ADR (QD) is a small-cap value stock in the Software & Programming industry. The rating according to our strategy based on Kenneth Fisher changed from 50% to 90% 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: Qudian Inc. provides cash credit products, which provide funds in digital form, and merchandise credit products. The Company operates through an online platform and all the transaction are facilitated through mobile devices. Borrowers can apply for credit on their mobile phones and receive approval within a few seconds. Approved borrowers are then able to draw down on their cash credit with cash disbursed immediately into their Alipay accounts in digital form. It also offers merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis. Its marketplace connects consumers with merchandise suppliers. It offers 14 categories of merchandise from over 1,000 brands covering primarily consumer electronics, home appliances, watches and accessories, sports and outdoor merchandise and luggage.
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.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: PASS
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Kenneth Fisher has returned 189.70% vs. 140.03% for the S&P 500. For more details on this strategy, click here
About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. The younger Fisher wowed Wall Street in the mid-1980s when his book Super Stocks first popularized the idea of using the price/sales ratio (PSR) as a means of identifying attractive stocks. According to his alma mater, Humboldt State University, Fisher is also one of the world's foremost experts on 19th century logging. Appropriately, Fisher's firm, Fisher Investments, is located in a lush forest preserve in Woodside, California, where the contrarian-minded Fisher says he and his employees can get away from Wall Street groupthink.
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. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP (DECK) is a mid-cap value stock in the Footwear industry. The Company operates approximately 970 retail stores across over 48 states and the District of Columbia and also distributes its products through its Website, which includes a collection of tips, tutorials and social content.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP (DECK) is a mid-cap value 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. The Company operates through seven segments: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP (DECK) is a mid-cap value 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. The Company's product offerings include computerized neurodiagnostic systems for audiology, neurology, polysomnography, and neonatology, as well as newborn care products, such as hearing screening systems, phototherapy devices for the treatment of newborn jaundice, head-cooling products for the treatment of brain injury in newborns, incubators to control the newborn's environment, and software systems for managing and tracking disorders and diseases for public health laboratories.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP (DECK) is a mid-cap value 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. The Company's segments include its 44 homebuilding divisions, its financial services operations and its other business activities.
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35316df8-06db-450e-b81d-36fbb4fa7275
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724164.0
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2020-03-10 00:00:00 UTC
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Implied IYK Analyst Target Price: $143
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DECK
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https://www.nasdaq.com/articles/implied-iyk-analyst-target-price%3A-%24143-2020-03-10
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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. Consumer Goods ETF (Symbol: IYK), we found that the implied analyst target price for the ETF based upon its underlying holdings is $142.93 per unit.
With IYK trading at a recent price near $119.36 per unit, that means that analysts see 19.75% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IYK's underlying holdings with notable upside to their analyst target prices are Toll Brothers Inc. (Symbol: TOL), Deckers Outdoor Corp. (Symbol: DECK), and Horton Inc (Symbol: DHI). Although TOL has traded at a recent price of $34.53/share, the average analyst target is 27.24% higher at $43.94/share. Similarly, DECK has 26.09% upside from the recent share price of $162.01 if the average analyst target price of $204.27/share is reached, and analysts on average are expecting DHI to reach a target price of $61.93/share, which is 26.07% above the recent price of $49.12. Below is a twelve month price history chart comparing the stock performance of TOL, DECK, and DHI:
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. Consumer Goods ETF IYK $119.36 $142.93 19.75%
Toll Brothers Inc. TOL $34.53 $43.94 27.24%
Deckers Outdoor Corp. DECK $162.01 $204.27 26.09%
Horton Inc DHI $49.12 $61.93 26.07%
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. Consumer Goods ETF IYK $119.36 $142.93 19.75% Toll Brothers Inc. TOL $34.53 $43.94 27.24% Deckers Outdoor Corp. DECK $162.01 $204.27 26.09% Horton Inc DHI $49.12 $61.93 26.07% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IYK's underlying holdings with notable upside to their analyst target prices are Toll Brothers Inc. (Symbol: TOL), Deckers Outdoor Corp. (Symbol: DECK), and Horton Inc (Symbol: DHI). Similarly, DECK has 26.09% upside from the recent share price of $162.01 if the average analyst target price of $204.27/share is reached, and analysts on average are expecting DHI to reach a target price of $61.93/share, which is 26.07% above the recent price of $49.12.
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Three of IYK's underlying holdings with notable upside to their analyst target prices are Toll Brothers Inc. (Symbol: TOL), Deckers Outdoor Corp. (Symbol: DECK), and Horton Inc (Symbol: DHI). Similarly, DECK has 26.09% upside from the recent share price of $162.01 if the average analyst target price of $204.27/share is reached, and analysts on average are expecting DHI to reach a target price of $61.93/share, which is 26.07% above the recent price of $49.12. iShares U.S. Consumer Goods ETF IYK $119.36 $142.93 19.75% Toll Brothers Inc. TOL $34.53 $43.94 27.24% Deckers Outdoor Corp. DECK $162.01 $204.27 26.09% Horton Inc DHI $49.12 $61.93 26.07% 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 26.09% upside from the recent share price of $162.01 if the average analyst target price of $204.27/share is reached, and analysts on average are expecting DHI to reach a target price of $61.93/share, which is 26.07% above the recent price of $49.12. Three of IYK's underlying holdings with notable upside to their analyst target prices are Toll Brothers Inc. (Symbol: TOL), Deckers Outdoor Corp. (Symbol: DECK), and Horton Inc (Symbol: DHI). Below is a twelve month price history chart comparing the stock performance of TOL, DECK, and DHI: Below is a summary table of the current analyst target prices discussed above:
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iShares U.S. Consumer Goods ETF IYK $119.36 $142.93 19.75% Toll Brothers Inc. TOL $34.53 $43.94 27.24% Deckers Outdoor Corp. DECK $162.01 $204.27 26.09% Horton Inc DHI $49.12 $61.93 26.07% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IYK's underlying holdings with notable upside to their analyst target prices are Toll Brothers Inc. (Symbol: TOL), Deckers Outdoor Corp. (Symbol: DECK), and Horton Inc (Symbol: DHI). Similarly, DECK has 26.09% upside from the recent share price of $162.01 if the average analyst target price of $204.27/share is reached, and analysts on average are expecting DHI to reach a target price of $61.93/share, which is 26.07% above the recent price of $49.12.
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0d1a0cb2-1ade-437e-8914-65d5325e25c6
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724165.0
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2020-02-28 00:00:00 UTC
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Should You Take a Stroll With Deckers Outdoor?
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DECK
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https://www.nasdaq.com/articles/should-you-take-a-stroll-with-deckers-outdoor-2020-02-28
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nan
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nan
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It hasn't been often in the past year or so that a legitimate bargain has emerged in the stock market, but we might have one today in the form of Deckers Outdoor (NYSE: DECK). The company owns a portfolio of leading fashion and performance lifestyle brands such as Ugg, Koolaburra, Hoka, Teva, and Sanuk, and it has been expanding its brand and product presence within the U.S. over the past few years.
Deckers' stock price hit an all-time high before the market's current sell-off and has more than doubled over the past five years. The improvements it's made in its business lately suggest the market is right to be impressed. Yet the stock still appears cheap in many respects, and I think this is a good time to take a look.
Image source: Getty Images
Strong post-restructuring growth
Deckers underwent a restructuring back in February 2016 to rightsize its operations and set a new tone for strategic direction. The aim of this exercise was to improve on gross margins, reduce the company's overall cost structure and to eliminate underperforming brands. So the company split its brands into two major segments: Fashion Lifestyle (UGG and Koolaburra) and Performance Lifestyle (HOKA, Teva and Sanuk). The company also relocated its Sanuk brand operations from Irvine, California, to corporate headquarters in Goleta. A total of 24 retail stores were identified for closure in order to reduce the store count to a more manageable level. Though these writedowns and impairments took a short-term severe toll on Deckers' financials (as you'll see in the graph below), it helped to reduce the company's cost base and streamline operations for future growth .
Data source: Deckers Outdoor 10-K filings. Chart by author.
You can see in the graph above that while net income took a severe hit in fiscal 2017 due to impairment charges of $138.2 million incurred by the Sanuk brand for segment goodwill and patent writedowns, it has climbed up steadily and strongly since then to hit a four-year high of $264.3 million in fiscal 2019. With the first nine months of fiscal 2020 already registering net income of $260 million, Deckers is on track for a fourth consecutive year of revenue and net income growth, and it should see its net income hit a five-year high as well. Gross margin has shown continuous improvement during this stretch, growing from 45.2% in 2016 to 51.8% in the first nine months of fiscal 2020.
Canny long-term initiatives
CEO Dave Powers articulated Deckers' successful brand strategy in the company's latest earnings call. The diversification of Ugg men's product line has brought about strong growth, with a roughly 30% increase in purchasing on ugg.com among consumers 18 to 34 years old. Menswear is also contributing more toward the company's overall sales mix.
The Koolaburra brand also registered record-breaking revenue on the back of strong marketing, attractive product offerings, and effective consumer targeting. Deckers introduced men's and toddlers' assortment for the first time for its Koolaburra brand, and these products sold well through distributors' channels. These initiatives demonstrate that the right marketing mix for apparel can result in strong, sustainable growth.
For the direct-to-consumer (DTC) channel, comparable sales grew 5%, driven by e-commerce initiatives and the strength of both the Ugg and Hoka brands. With such strong numbers, Deckers has revised its full-year revenue guidance for fiscal 2020 to 6% to 7% year-over-year growth, as its strategies continue to bear fruit.
A cheap stock relative to rivals
Deckers is cheap compared to its larger peers such as Nike, lululemon athletica, and Under Armour. The stock trades at just around 17 times earnings, while Nike trades at 30 times, Lululemon at 50 times, and Under Armour at a whopping 68 times. If you consider the fact that growth in its underlying brands has been consistently high since Deckers' restructuring in 2016, this provides an even stronger reason to want to own the stock.
Though an economic downturn might squeeze demand for lifestyle and performance footwear, Deckers' affordable products and wide portfolio of brands should allow it to weather through a crisis. With $616.9 million in cash, and debt of just $6.6 million, it should be able to emerge relatively unscathed.
10 stocks we like better than Deckers Outdoor
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Royston Yang has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Lululemon Athletica, Nike, Under Armour (A Shares), and Under Armour (C 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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Though these writedowns and impairments took a short-term severe toll on Deckers' financials (as you'll see in the graph below), it helped to reduce the company's cost base and streamline operations for future growth . Canny long-term initiatives CEO Dave Powers articulated Deckers' successful brand strategy in the company's latest earnings call. Though an economic downturn might squeeze demand for lifestyle and performance footwear, Deckers' affordable products and wide portfolio of brands should allow it to weather through a crisis.
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It hasn't been often in the past year or so that a legitimate bargain has emerged in the stock market, but we might have one today in the form of Deckers Outdoor (NYSE: DECK). Deckers' stock price hit an all-time high before the market's current sell-off and has more than doubled over the past five years. Image source: Getty Images Strong post-restructuring growth Deckers underwent a restructuring back in February 2016 to rightsize its operations and set a new tone for strategic direction.
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With the first nine months of fiscal 2020 already registering net income of $260 million, Deckers is on track for a fourth consecutive year of revenue and net income growth, and it should see its net income hit a five-year high as well. It hasn't been often in the past year or so that a legitimate bargain has emerged in the stock market, but we might have one today in the form of Deckers Outdoor (NYSE: DECK). Deckers' stock price hit an all-time high before the market's current sell-off and has more than doubled over the past five years.
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It hasn't been often in the past year or so that a legitimate bargain has emerged in the stock market, but we might have one today in the form of Deckers Outdoor (NYSE: DECK). Deckers' stock price hit an all-time high before the market's current sell-off and has more than doubled over the past five years. Image source: Getty Images Strong post-restructuring growth Deckers underwent a restructuring back in February 2016 to rightsize its operations and set a new tone for strategic direction.
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7021f9b3-b75e-41f6-a598-0f263ac999a9
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724166.0
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2020-01-31 00:00:00 UTC
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Noteworthy Friday Option Activity: OKTA, TTD, DECK
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DECK
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https://www.nasdaq.com/articles/noteworthy-friday-option-activity%3A-okta-ttd-deck-2020-01-31
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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 Okta Inc (Symbol: OKTA), where a total of 13,082 contracts have traded so far, representing approximately 1.3 million underlying shares. That amounts to about 104.7% of OKTA's average daily trading volume over the past month of 1.2 million shares. Particularly high volume was seen for the $140 strike call option expiring February 21, 2020, with 658 contracts trading so far today, representing approximately 65,800 underlying shares of OKTA. Below is a chart showing OKTA's trailing twelve month trading history, with the $140 strike highlighted in orange:
The Trade Desk Inc (Symbol: TTD) options are showing a volume of 18,434 contracts thus far today. That number of contracts represents approximately 1.8 million underlying shares, working out to a sizeable 104.5% of TTD's average daily trading volume over the past month, of 1.8 million shares. Particularly high volume was seen for the $250 strike put option expiring February 07, 2020, with 1,170 contracts trading so far today, representing approximately 117,000 underlying shares of TTD. Below is a chart showing TTD's trailing twelve month trading history, with the $250 strike highlighted in orange:
And Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 4,249 contracts, representing approximately 424,900 underlying shares or approximately 90% of DECK's average daily trading volume over the past month, of 472,195 shares. Particularly high volume was seen for the $210 strike call option expiring February 21, 2020, with 496 contracts trading so far today, representing approximately 49,600 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $210 strike highlighted in orange:
For the various different available expirations for OKTA options, TTD 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 $210 strike call option expiring February 21, 2020, with 496 contracts trading so far today, representing approximately 49,600 underlying shares of DECK. Below is a chart showing TTD's trailing twelve month trading history, with the $250 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 4,249 contracts, representing approximately 424,900 underlying shares or approximately 90% of DECK's average daily trading volume over the past month, of 472,195 shares. Below is a chart showing DECK's trailing twelve month trading history, with the $210 strike highlighted in orange: For the various different available expirations for OKTA options, TTD options, or DECK options, visit StockOptionsChannel.com.
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Below is a chart showing TTD's trailing twelve month trading history, with the $250 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 4,249 contracts, representing approximately 424,900 underlying shares or approximately 90% of DECK's average daily trading volume over the past month, of 472,195 shares. Particularly high volume was seen for the $210 strike call option expiring February 21, 2020, with 496 contracts trading so far today, representing approximately 49,600 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $210 strike highlighted in orange: For the various different available expirations for OKTA options, TTD options, or DECK options, visit StockOptionsChannel.com.
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Below is a chart showing TTD's trailing twelve month trading history, with the $250 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 4,249 contracts, representing approximately 424,900 underlying shares or approximately 90% of DECK's average daily trading volume over the past month, of 472,195 shares. Particularly high volume was seen for the $210 strike call option expiring February 21, 2020, with 496 contracts trading so far today, representing approximately 49,600 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $210 strike highlighted in orange: For the various different available expirations for OKTA options, TTD options, or DECK options, visit StockOptionsChannel.com.
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Below is a chart showing TTD's trailing twelve month trading history, with the $250 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 4,249 contracts, representing approximately 424,900 underlying shares or approximately 90% of DECK's average daily trading volume over the past month, of 472,195 shares. Particularly high volume was seen for the $210 strike call option expiring February 21, 2020, with 496 contracts trading so far today, representing approximately 49,600 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $210 strike highlighted in orange: For the various different available expirations for OKTA options, TTD options, or DECK options, visit StockOptionsChannel.com.
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49c1671e-1458-4dea-8b6b-43822fff5be5
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724167.0
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2020-01-31 00:00:00 UTC
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UGG's Parent Company Beats Analyst Estimates, Raises Guidance
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DECK
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https://www.nasdaq.com/articles/uggs-parent-company-beats-analyst-estimates-raises-guidance-2020-02-01
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nan
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nan
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Deckers Outdoor (NYSE: DECK) on Thursday reported strong fiscal third-quarter earnings that beat the consensus analyst estimates for revenue and earnings and raised guidance for the full fiscal year. The footwear distributor reported earnings of $7.14 per share, above the consensus estimate of $6.55. Sales rose 7.4% to $938.7 million, above the consensus estimate of $900.4 million.
The company reported increased sales from its HOKA ONE ONE and UGG brands and talked up the growing popularity of Fluff.
The stock was up about 9.5% Friday at 2 p.m. Prior to the earnings report, the stock had returned 14% over the past six months.
Full-year fiscal 2020 sales guidance was raised to between $2.15 billion and $2.16 billion, up from $2.115 billion to $2.14 billion, which itself was an increase from the previous range . Full-year earnings per share are now expected by the company to be $9.40 to $9.50 versus prior guidance of $8.90 to $9.05.
Image source: UGG.
HOKA ONE ONE sales jumped 64% year over year to a record $93 million in revenue in the quarter. This compares to a 50% increase during the second quarter. UGG sales increased 2.6% to $781.1 million versus a 2.2% increase in the second quarter.
The company highlighted these brands in its press release.
BRAND Q3 NET SALES CHANGE (YOY)
UGG $781.1 million 2.6%
HOKA ONE ONE $93.1 million 63.6%
Teva $17.2 million (25%)
Sanuk $8.5 million (35%)
Data source: Deckers Outdoor.
HOKA ONE ONE's success continues to be boosted by effective marketing and well-positioned products. CEO Dave Powers said during the conference call with analysts, "The third quarter featured the launch of the HOKA brand's 'time to' campaign, which tells real stories of human experiences with HOKA. The campaign kicked off with the 'time to reimagine' video, which has garnered significant impressions across social platforms, helping drive more than a 50% increase in brand search interest, according to Google Trends."
HOKA doubled the number of direct-to-consumer purchasers age 18 to 34, according to management, which highlighted the Rincon and Carbon X styles. The brand also introduced the Speedgoat 4, an update to its popular flagship trail-running shoe. HOKA also had success with the launch of Tor Ultra, a collaboration with trendy lifestyle brand Opening Ceremony. Executives see continued international growth potential for the brand, as HOKA units sold internationally eclipsed domestic units sold for the first time in the quarter, though international sales for the company overall were down year over year.
In the UGG segment, the company reported strength in the men's, women's, and kids' segments. The company credited an 8% jump in U.S. sales with driving UGG's growth and offsetting a decline in international sales.
Powers also highlighted the Fluff franchise and said the company has "a lot of innovation in the pipeline that we think is going to be really exciting and expanding that franchise beyond just the current use occasion and also eventually getting some traction in the men's business as well."
Deckers has a lot going on with its brands, making it a company worth watching.
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Deckers Outdoor (NYSE: DECK) on Thursday reported strong fiscal third-quarter earnings that beat the consensus analyst estimates for revenue and earnings and raised guidance for the full fiscal year. UGG $781.1 million 2.6% HOKA ONE ONE $93.1 million 63.6% Teva $17.2 million (25%) Sanuk $8.5 million (35%) Data source: Deckers Outdoor. Deckers has a lot going on with its brands, making it a company worth watching.
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Deckers Outdoor (NYSE: DECK) on Thursday reported strong fiscal third-quarter earnings that beat the consensus analyst estimates for revenue and earnings and raised guidance for the full fiscal year. UGG $781.1 million 2.6% HOKA ONE ONE $93.1 million 63.6% Teva $17.2 million (25%) Sanuk $8.5 million (35%) Data source: Deckers Outdoor. Deckers has a lot going on with its brands, making it a company worth watching.
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UGG $781.1 million 2.6% HOKA ONE ONE $93.1 million 63.6% Teva $17.2 million (25%) Sanuk $8.5 million (35%) Data source: Deckers Outdoor. Deckers Outdoor (NYSE: DECK) on Thursday reported strong fiscal third-quarter earnings that beat the consensus analyst estimates for revenue and earnings and raised guidance for the full fiscal year. Deckers has a lot going on with its brands, making it a company worth watching.
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Deckers Outdoor (NYSE: DECK) on Thursday reported strong fiscal third-quarter earnings that beat the consensus analyst estimates for revenue and earnings and raised guidance for the full fiscal year. UGG $781.1 million 2.6% HOKA ONE ONE $93.1 million 63.6% Teva $17.2 million (25%) Sanuk $8.5 million (35%) Data source: Deckers Outdoor. Deckers has a lot going on with its brands, making it a company worth watching.
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2020-01-31 00:00:00 UTC
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Deckers Outdoor Corp (DECK) Q3 2020 Earnings Call Transcript
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-deck-q3-2020-earnings-call-transcript-2020-01-31
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Image source: The Motley Fool.
Deckers Outdoor Corp (NYSE: DECK)
Q3 2020 Earnings Call
Jan 30, 2020, 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 Third Quarter Fiscal 2020 Earnings Conference call. [Operator Instructions]
I would now like to turn the conference over to Erinn Kohler, Vice President, Investor Relations and Corporate Planning. Please go ahead, ma'am.
Erinn Kohler -- Senior Director of Investor Relation 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 our anticipated financial performance, including, but not limited to, our projected revenue, margins, expenses and earnings per share as well as statements regarding our strategies for our products and brands.
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 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.
Please note that throughout this discussion, there may be references to certain non-GAAP financial measures for comparable prior year results. These non-GAAP financial measures refer to results before taking into account nonrecurring charges that are not believed to be core to our ongoing operating results. Our non-GAAP financial measures are not adjusted for constant currency. While we did not have any non-GAAP financial adjustments for the third quarter of fiscal 2020, a reconciliation between our reported GAAP and non-GAAP results for the prior year can be found in our earnings release that is posted on our website under the Investors Tab.
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. I'm proud to announce that our third quarter results exceeded expectations, with total company revenue increasing 7% over last year to $939 million and delivering earnings per share of $7.14. These results represent the largest revenue and earnings quarter in the history of Deckers Brands. Our record performance was fueled by the strength of sales in our domestic UGG business, partially aided by a forward shift in consumer demand as well as higher-than-anticipated sales in both our HOKA ONE ONE and Koolaburra brands. We are very pleased that our third quarter results continue to evidence success within the key initiatives that we are actively pursuing.
As a reminder, these include feeling hoka growth, which experienced the 64% increase versus last year, reaching 93 million in a quarterly revenue for the first time. Building the men's business which increased by 10%. over last year, diversifying the brand's product mix again reducing reliance on core classic and fostering emerging brands with coolibar growing 94% versus last year, and capturing significant incremental market share. With the diversification of the brands tails mix and explosive growth, both hoka and Culebra. The performance demonstrated in our largest quarter underscores the progress our organization is Making on these focus investment. I'm excited to share more detail on our evolution. But let's get into the brand highlight starting with the fashion lifestyle group.
As a reminder, the Fashion & Lifestyle group consists of our UGG and Koolaburra brand. For UGG, global sales in the quarter grew by 3% versus last year to $781 million, representing the brand's largest quarter in its history. Growth in the quarter for the UGG brand was driven by its domestic business as U.S. sales increased 8% over the same period last year. This domestic strength is highlighted by increased traction within the new male franchise, including meaningful contributions to the men's business as well as extensions across women's and kids, continued strength in the Fluff franchise and significant gains in the kids footwear business. We continue to experience success within our UGG wholesale marketplace strategy in the U.S., driven by segmentation that offers differentiated consumer experiences across the breadth of our account and clean inventory in the channel through managed allocation, which has enabled the brand to open select new points of distribution, targeting younger and more fashion-forward consumer.
The strength in our UGG domestic business was partially offset by lower international sales which experienced a 7% decline versus last year, which was in line with our expectation. While some of the weakness in the European market is related to macroeconomic events, we are in the process of addressing some brand-specific challenges that currently exist. As we have stated in our EMEA region, we are in the midst of a multiyear marketplace reset, intended to reignite brand heat, rationalize marketplace inventory, consolidate the account base to future partners who enhance the UGG brand and provide a more differentiated experience across consumer touch points. In addition, the UGG team has begun to shift toward more localized marketing, PR and digital marketing tools. We also recognized there are improvements to be made in our Asia Pacific region, and we will be taking a similar marketing approach as we work to build brand heat in our APAC region as well.
Taking a look at the UGG brand product offering. We continue to make strides in the diversification of our product line. For UGG Men's in the quarter, this is the third consecutive year of double-digit growth, aided by investments made to drive awareness and consideration. Men's was prominently featured in both the Neumel marketing campaign and our holiday marketing campaign that featured the Marley family. As a result of these marketing efforts, UGG Men's experienced a mid-teens increase in brand consideration among all men and over a 50% increase with fashion leading men according to Hugo. The new male franchise continues to be a big driver of our men's success as both heritage products and new derivative styles introduced during the fall season helped deliver strong results.
In particular, the new male zip and new male flex sold through very well in their introductory season. We also executed two successful collaborations during the quarter with leading lifestyle brands, Kari, Kristin and bait. Both collaborations rapidly sold out of their respective pinnacle product offering. As a result of the brand's increased focus on men's messaging, products seeding with global influencers and digital marketing efforts, UGG Men's experienced a near 30% increase in 18 to 34-year-old consumer purchasing on ugg.com. The UGG product team has done a great job building a franchise around the new male to complement the men's offer. Turning to our UGG Women's business. We entered the holiday season with a strong setup in the U.S., highlighted by a clean wholesale channel, dedicated allocation and targeted digital marketing tactics. As a result, the women's business performed well domestically based on accelerated momentum with the younger consumers. Similar to Men's in the third quarter, Women's also experienced a near 30% increase in purchases.
With female consumers aged 18 to 34 years old in the U.S. Younger consumers gravitated to both heritage styles like the Classic Mini and Classic Short as well as newer styles like the Fluff Yeah slide. And while styles like the Fluff Yeah were well received globally, there is still work to be done to generate greater interest in the brand's diversified product offering in our international region. Drafting successes to both Women's and Men's, our global kids footwear business grew by 20% versus last year. The kids business benefited from strong partnerships with key wholesale accounts that are helping to expand consumer touch points and undoubtedly, saw a positive impact from our holiday marketing campaign that emphasize the brand's offering for the whole family. The exposure and positive response to this family campaign led to the success of takedown styles for women's and men's including the Fluff Yeah slide and Neumel.
The brand's results underscore the progress being made toward a more diversified product mix as at a global level, the brand grew year-over-year, with men's increasing as a percentage of brand sales, women's nonclassic increasing as a percent of brand sales and total women's classic product, which includes core and derivatives, purposely declining as a percentage of brand sales with the balance of the business, including kids and nonfootwear experiencing gain. Diversifying the UGG brand's revenue composition remains top of mind, and we'll continue to focus on amplifying our heritage style while complementing the product offering with exciting new product rich with brand DNA. Overall, the UGG brand had an exceptional peak season, and I'd like to congratulate the team on a well-executed third quarter. Turning to Koolaburra. Global sales in the third quarter increased by 94% versus the prior year to $39 million, delivering a few million above our guided expectation.
This growth was driven by gains in market share within the domestic wholesale marketplace. Additionally, this fall, Koolaburra introduced a men's and toddlers assortments for the first time, and both product lines displayed strong sell-through with our wholesale partners. Congratulations to the entire Koolaburra team on a fantastic quarter of record-breaking revenue. Both UGG and Koolaburra have done an impressive job capturing holiday demand with great products, strong marketing and a clearly differentiated target consumer. Shifting to the Performance Lifestyle group, which is comprised of HOKA, Teva, and Sanuk. HOKA brand global sales increased by 64% versus last year to a record $93 million.
HOKA experienced growth both domestically and internationally across all channels of distribution. The HOKA brand acquired new consumers online through brand discovery, while also seeing a migration of consumer replenishment. In the third quarter, HOKA nearly doubled the number of consumers acquired at hokaoneone.com. The HOKA brand has made great strides in creating a seamless consumer experience through the entire brand ecosystem, which includes the strong network of wholesale partners and direct-to-consumer channels. At the same time, our marketing efforts are focused on building brand awareness and driving consumer demand by highlighting the experiences made possible by HOKA product. The third quarter featured the launch of the HOKA brand's time to campaign, which tells real stories of human experiences with HOKA. The campaign kicked off with the time to reimagine video, which has garnered significant impressions across social platforms, helping drive more than a 50% increase in brand search interest according to Google Trends.
From a product perspective, the brand's iconic Clifton and Bondi styles continue gaining market share in the U.S.-run specialty channel. According to NPD's retail tracking service, HOKA claimed the number two brand ranking based on dollars over the summer and has maintained this position each month since, while gaining share at a steady pace. While these gains are driven by the HOKA brand strong partnership with wholesale accounts, the direct-to-consumer business continues to grow at a rapid pace. For the third consecutive quarter, the direct-to-consumer business doubled over the prior year. Helping to drive these gains, HOKA has also doubled the number of DTC purchasers aged 18 to 34. This has been aided by the introduction of the Rincon and Carbon X files as both have over-indexed with the younger consumers as compared to the brand average. The HOKA product and e-commerce teams have done an impressive job of collaborating to line on product launch timing to ensure the brand is consistently driving traffic to the website. During the quarter, the brand launched an update with the flagship trail running shoes, the SpeedGoat 4.
The launch propelled the style sales to more than double last year's third quarter volume, with over half the volume coming from international regions. The HOKA brand is also beginning to experience traction from the trail category beyond the SpeedGoat. The Tour Ultra featured as part of the brand's collaboration with the lifestyle brand opening ceremony has sold well across both domestic direct-to-consumer and our Asia Pacific wholesale channel. In terms of the HOKA brands international business overall, the brand has reached an inflection point as for the first time, units sold internationally for the quarter were higher than units sold domestically. We think this speaks well to the global opportunity and runway for HOKA. Moving to Teva and Sanuk. Global sales in the third quarter were in line with expectations of $17 million and $8.5 million, respectively. While Teva was down year-over-year due to a shift in the timing of European distributor orders, the brand is on track to deliver its full fiscal year.
During the fourth quarter, Teva will be announcing a significant brand update to coincide with the launch of a Spring 2020 product line. Meanwhile, the Sanuk brand declined as anticipated in our guidance, as it continued to face headwinds from the challenging service specialty channel as well as the brand's decision to exit warehouse distribution. The Sanuk team remains focused on exploring healthier distribution opportunities in an effort to reposition the brand. With respect to our Q3 channel performance, global wholesale sales increased 9% versus the prior year, driven primarily by domestic expansion in UGG, HOKA and Koolaburra as well as international expansion of HOKA. It is worth noting that for the second consecutive year, our third quarter domestic wholesale revenue grew by double digits. International wholesale was slightly up versus the prior year due to growth in HOKA being largely offset by the UGG reset in EMEA as well as negative pressure from foreign currency exchange rates.
From a direct-to-consumer perspective, comparable sales increased 5% versus the prior year with total direct-to-consumer sales up 6% versus the third quarter last year. E-commerce continues to drive gains in the DTC channel, which has been led by the strength of UGG and HOKA. The UGG brand DTC growth was primarily driven by domestic sales online, which included moving our annual UGG Closet event up by one week compared to last year in order to improve our ability to capture end of season demand. I'm very pleased by the execution of all of our brands to deliver Decker's largest quarter in history. I'm looking forward to closing out another strong year performance as we remain focused on delivering the fourth quarter.
I'll now hand the call over to Steve to provide more details on our third quarter financial performance as well as an updated outlook for the fourth quarter and full fiscal year.
Erinn Kohler -- Senior Director of Investor Relation And Corporate Planning
Thanks, Dave. And good afternoon, everyone. As you just heard, our third quarter performance exceeded our expectation and speaks to the strength of our brands. The disciplined approach to investing in our brands has been a major driver of the organization's success this year as we've been able to drive brand awareness with HOKA, build brand heat with UGG, including an emphasis on men's, and an increase in our engagement with consumers in the digital marketplace, all while maintaining top-tier levels of profitability. I'll now walk you through the third quarter results in more detail and provide an updated outlook for the fourth quarter and our full year fiscal 2020. Revenue was $939 million, up 7.4% versus last year and $39 million above the high end of our guidance range of $885 million to $900 million. UGG's better-than-expected revenue, approximately $8 million was driven by the HOKA brand with tremendous results across the globe with our wholesale partners as well as direct-to-consumer channel.
$7 million was delivered by better than anticipated domestic of business driven by net in season reorders, and led by the spring in kids business, the new male franchise and the franchise and approximately $3 million driven by reorders captured in the coolibar brand. With the balance of the upside performance largely timing related as we captured sales earlier in q3 that were previously anticipated. In q4, with approximately 15 million coming from the OG DTC business, and five million from earlier og wholesale shipment. While we saw growth domestically in the OG brand beyond our expectations, we continue to see challenges as anticipated in the OG brands international business, which was impacted by both brand and macro issues in our European region. Gross margins were up 30 basis points over last year to 54.1%. The gross margin result was approximately 100 basis points above our implied guidance, with the beat coming from lower promotional activities and planned in our ugh domestic wholesale business, delivering strong selling and high full price sell through for a third consecutive year.
While the strength of the UGG domestic wholesale margins paired with increased revenue drove improvement above our expectation, we remain mindful of the dynamic promotional environment, we continue to face, as we did experience higher promotional activity in our international markets for the UGG brand as compared to last year. From an expense standpoint, our dollar spend was up 11.8% to $251.9 million compared to last year's GAAP spend of $225.4 million and up 10.6% compared to last year's non-GAAP spend of $227.8 million. As a percentage of sales, expense delevered versus the prior year, which was aligned with our implied guidance as we continue to invest in our key initiative. The impact of these results drove earnings per share of $7.14 compared to last year's GAAP earnings per share of $6.68, last year's non-GAAP earnings per share of $6.59 and our guidance range of $6.30 to $6.40.
The $0.74 beat to the high end of our guidance range came from approximately $0.25 from sales in late December previously anticipated for early January, $0.25 from lower promotional activity in the UGG domestic wholesale business, $0.15 from better-than-expected HOKA results and $0.10 from higher reorders in the UGG and Koolaburra brand's domestic wholesale business. For the quarter, our tax rate was 21.4% compared to our anticipated tax rate of 21%. Our balance sheet at December 31 remains strong as cash and equivalents were $617 million. Inventory was $366 million, up 7% versus the same point in time last year, and we had $6.6 million in short-term borrowings under our credit line as compared to $600,000 last year. With the delivery of the financial results that I've just shared with you, our third quarter execution has allowed us to once again raise our expectations for the full fiscal year. As we look forward, we place a high importance behind controlling our distribution in UGG, focusing on growth opportunities within the UGG brand and fueling HOKA momentum across the globe.
With that said, in our updated outlook for the fourth quarter of fiscal 2020, we expect sales to be in the range of $392 million to $402 million and earnings per share in the range of $0.35 to $0.45. Fourth quarter revenue guidance compared to last year includes brand expectations of HOKA, expected to increase in the high 40% range, Teva expected to increase in the mid- to high teens inclusive of the planned distributor business shipped into Q4, Koolaburra up high teens, Sanuk down approximately 50% due to the previously mentioned exit of the warehouse business in the quarter. And UGG expected to be down approximately 8% to 11% due to ongoing reset and pressure in Europe, the previously mentioned timing shift into Q3.
And while it's still early, a component of risk related to the potential lower DTC demand related to current travel restrictions in China. In addition, fourth quarter earnings per share guidance is further impacted by planned expense growth as we continue to fuel our growth initiatives and lower gross margins, primarily due to the Teva brand's European distributor shift and continued currency pressure. Moving to the full year outlook. With the overperformance of the quarter, we are now raising our outlook for the full year. For our fiscal year 2020 guidance, we are increasing revenue guidance to now be in the range of $2.15 billion to $2.16 billion, an increase of $20 million on the high end of our previous guidance range. Our updated outlook at the brand level includes UGG revenue still expected to be flat to up low single digits, HOKA revenue is now expected to reach approximately $350 million.
Teva revenue is still expected to be approximately flat. Sanuk revenue is still expected to be down in the mid-30% range, and Koolaburra revenue is still expected to grow to approximately $70 million. Turning to the remainder of the P&L. We are increasing our gross margin expectations to now be approximately 51.5% as we are passing through the lower promotional activity experienced in the third quarter and increasing our projection for the fourth quarter. SG&A as a percent of sales are still expected to be slightly below 36%. We are raising our operating margin to now be at or slightly better than 15.5%, and we are raising our expected earnings per share to be in the range of $9.40 to $9.50 on a share count of approximately 28.7 million shares, with the full year tax rate still projected to be approximately 20.5%. Our updated guidance represents flowing through just over 50 basis points of improved operating margin, predominantly driven by the better-than-expected gross margin experienced in the third quarter.
This improved outlook for the fiscal year, which equates to a $0.45 raise in our earnings per share on the high end of our guidance is driven by $0.25 from a lower promotional environment, $0.15 from the HOKA brand and $0.05 from an improved outlook on the margins in the fourth quarter. Our guidance for the fourth quarter and fiscal year 2020 excludes any potential non-GAAP charges as well as the effect of any future share repurchases. During our second quarterearnings callin October, we provided an annual update on our Sheepskin pricing. Due to current events, I would like to remind everyone we expect no change to our Sheepskin costs for fiscal 2021. As is our normal course of business, we have contracts in place, which are used to mitigate the impact of volatility within such commodity prices. Again, please note that Sheepskin costs are only one component of our gross margin and this update does not constitute gross margin guidance for next year.
With that, I'll now turn it back to Dave for his closing remarks.
Dave Powers -- Chief Executive Officer, President And Director
Thanks, Steve. As we are now in the final quarter of fiscal 2020, we are on track to deliver another year of accelerating top line revenue growth with our raised full year guidance, representing a 6% to 7% increase over last year. Our results continue to demonstrate that our strategies are working and are at the foundation of our organization's continued evolution. This groundwork will enable us to approach opportunities ahead with confidence, and I look forward to updating you on next year's plans during our year-endearnings callin May. In closing, I'd like to share my appreciation for the collaborative efforts demonstrated by the entire Decker's organization and delivering our largest quarter in history. Thank you to all of our stakeholders for their continued support. With that, we are now ready for Q&A. Operator?
Questions and Answers:
Operator
[Operator Instructions] And our first question will come from Jonathan Komp with Baird. Please go ahead.
Jonathan Komp -- Baird -- Analyst
Yeah, hi, thank you. Um, I just wanted to start maybe on the margin performance and maybe a broader question about the environment during the holiday. I mean, I didn't particularly like weather was helpful, but yet so UGG outperformed, and the margin was strong. And maybe just starting with why you think the margin exceeded your expectations? And then how to think about the fourth quarter, especially given the tough gross margin comparison there?
Dave Powers -- Chief Executive Officer, President And Director
Yes, John, this is Dave. I'll give you some context, and I'll let Steve get into the specifics on that. But I think if you go back to the way the UGG team has been managing the brand in the marketplace with clean distribution and quality distribution and the diversification of product away from Classics, and we've said this before, we believe we're becoming less weather-reliant. That said, we did have pockets of upside based on weather throughout the quarter. But just -- I think what we've seen is the diversification of the product and how we're engaging with the consumers to drive that beyond just weather-related products that we've had to struggle with in the past and are also seeing healthy margin because full price sell-throughs were strong.
Particularly in North American market, we didn't chase top line but promotional activity, and you're seeing some of that carry over into Q4. So while the marketplace was challenging, department stores struggled in places, the strength of the brand, the diversification of the product and then just focusing on full price quality sales for the health of the brand, short and long-term versus chasing the top line. Those all contributed to it. We started off January a little bit soft in the North American wholesale channel in DTC as well just based on consumer trends. But we've held clear on not promoting the brand at the extensive top line. You've seen in the results.
Erinn Kohler -- Senior Director of Investor Relation And Corporate Planning
Yes. Yes, John, so this is Steve. The -- as Dave said, I think what we saw was a compelling product in the marketplace. We did have a nice setup, so that definitely helped. Having a clean marketplace also helped. So going into the quarter, cleaner in the wholesale channel was a good setup for us. And then we did have a nice start into the quarter. So from what we implied in our guidance, we had in our guidance, we did better on the promotion side. That was largely driven in the domestic component of the business. We did have some promotion related to the international. But from what we were thinking would happen, we did -- it was about 60 to 80 basis points, probably a little bit better in the quarter than what we had thought related to the promotion. And then, just a note on Q4, with kind of a strong clean sell-through, we've increased our margin on Q4. So we moved some of that conservative promotional that we had factored into Q4.
Dave Powers -- Chief Executive Officer, President And Director
Yes. And then the last thing on Q3 was also helped by the strength of UGG Men's at 10% growth as well as kids, augmenting some of the diversification efforts.
Jonathan Komp -- Baird -- Analyst
Great. And then maybe just looking forward for the UGG brand, I guess, two questions. One, just when you look at some of the -- in the noncold weather seasonal categories so that sneakers and sandals for men, some of the other categories, maybe just highlight some of the drivers you have coming up for UGG there? And then just separately, the Europe reset, maybe any kind of status update on kind of where you think you are versus how long you think the reset actions may still be ongoing?
Dave Powers -- Chief Executive Officer, President And Director
Yes. As we mentioned in the script, there's a couple of franchises that are emerging within the UGG brand that are really resonating within younger consumer and providing what we think is healthy long-term opportunity. And the first is the new male franchise. We've been building that in the men's business over the last couple of years. We had a major campaign called new male nation this fall, which helped tremendously to drive that business as well as iterations in men's. We've also expanded that now into women's, that's become a top five style in the women's business and into kids. So it's resonating with the younger, more diverse consumer, and that's creating some excitement in the brand. And that's a franchise that we will definitely continue to build on, both domestically and internationally. The other one, which we've talked a lot about this year is the Fluff franchise and that showed continued strength this past quarter.
It's a big part of our focus going into Q4 and Q1 of next year. We have a lot of innovation in the pipeline that we think is going to be really exciting and expanding that franchise beyond just the current use occasion and also eventually getting some traction in the men's business as well. We've actually had a lot of demand from our male consumer for Fluff Yeah product and expanding that into kids as well. So those would be the two lead franchises. In addition to that, we are going aggressively after the sneaker opportunity, as we have been in key markets. We just had an exciting launch in Paris just recently with the Japanese retail partner and really continuing to ignite some excitement for the brand at the high end PR level and with exciting collaborations and influencers. With regards to EMEA, we've talked about this for a couple of quarters now. We're in the midst of a multiyear reset there.
I'd say we're probably just getting through year one of that reset. It's very similar to what we went through with the U.S., three or four years ago, cleaning up inventory, cleaning up distribution, focusing on controlling full price sell-through, the Classics, it's a little bit more challenging there because we can't influence prices in the market like we can in the U.S., but we're working through that. There's also some macro issues happening in the U.K., particularly in the Europe business right now with the retail and then on Brexit,etc. So we're taking it slow. We're looking over this -- looking at this from a long-term perspective, controlling the marketplace. And as I said, we're not chasing discounting to keep the top line going. And so that's what's great about the strength in domestic businesses, we can afford to make some of those resets in EMEA for the health of the long term, and we'll continue to focus on elevating that and maintaining the strength of the Classics business through the next couple of years.
Steven J. Fasching -- Chief Financial Officer
Okay, that's great.
Operator
Our next question will come from Tom Nikic with Wells Fargo. Please go ahead.
Matt Gulmi -- Wells Fargo -- Analyst
Yeah, good afternoon guys. This is Matt Gulmi on for Tom. Congrats on a good quarter. Just a couple of questions here. First on UGGs. How do inventories look at retail coming out of the holidays? And then another strong quarter for HOKA. Just wondering at what point you guys think about expanding distribution of the brand? And I've one follow-up on margins.
Steven J. Fasching -- Chief Financial Officer
Okay. This is Steve. I'll take the UGG in the channel inventory. Still good. It's up a little bit from where we were a year ago. But comfortable with the levels really that we're seeing. And the feedback that we've gotten really good, strong sell-through in Q3. So I think we're -- we feel good about where the inventories sit coming out of the quarter.
Dave Powers -- Chief Executive Officer, President And Director
With regards to HOKA, this is an exciting story, not only for Deckers, but also for the marketplace internationally. And as we said in the call in the script, we had success in the quarter in all regions and all channels. The momentum of the brand is exceptional. And we think things are going to continue to accelerate. From a distribution standpoint, I think one of the things that is working very well is the tight control and distribution. So we don't have a really broad-based distribution expansion planned in the short term. We are exploring a couple of smaller options that we'll test in the short term, but really, really focused on maintaining our positioning and taking more share to run specialty channel globally, enhancing our outdoor distribution.
RAI is a critical and key partner of ours, and we're having great success with them and others. And that playbook is being implemented also in Europe in our APAC regions and then really driving replenishment and new acquisition opportunities through our owned e-commerce site and the growth in that channel as you're seeing in the business, but also in the margin is very strong as well. So we're going to continue down this path. We're calling it the HOKA ecosystem where we showcase the brands in a tight elevated distribution at wholesale and drive additional purchases to our website and we're going to stay the course on that for a while.
Matt Gulmi -- Wells Fargo -- Analyst
That's very helpful. And then just last one on margins. There's been a lot of SG&A spend this year relative to recent memory, should we think of this year as peak investment here? Or how should we think about that?
Steven J. Fasching -- Chief Financial Officer
Yes. I think I'll take this one, and Dave can jump in. I think one of the things that we have seen, especially is a lot of the work that we've done. We had taken -- as part of our profit improvement plan, we had taken a lot of expense out. As we're rebuilding brand heat, as we're moving into some of the new initiatives, we are investing in those initiatives. And that's where you're seeing the increase in the current year. And it's delivering results. So we think the spend is appropriate this year. We'll give guidance on kind of how we're looking at next year. But we're investing more in marketing. So we're increasing that variable component of our spend. And it's something that we're going to be able to watch closely but it's an important part with the brands growing as rapidly as they are, that we continue to fuel that through marketing investment.
Dave Powers -- Chief Executive Officer, President And Director
Yes. And I would say, overall, we have an excellent handle on the SG&A across the organization. And the teams have done an incredible job of making sure we're tighten areas that we can leverage, but also identifying our key growth drivers across the organization, which we've talked about in HOKA and UGG Men's, ultimately getting to apparel, Koolaburra. And I think we're just in a unique position, where we've rightsized the organization. We have very healthy mid-teen operating margins and were allowed the opportunity to further invest in the growth of these brands, which we need to do. It's a very competitive environment.
We're fighting for share in all of our channels. We have some challenges in EMEA that we need to work through. And Steve and I and the teams are managing this very tightly, shifting expenses from fixed to variable and being able to adjust based on the growth of the brands and the results we're seeing in revenue, but also the return on marketing spend. So we're very happy with how things are going there. We're confident that we're making investments in the right places and we're seeing those returns. And as long as that's the case, we're going to continue to feel it.
Matt Gulmi -- Wells Fargo -- Analyst
Helpful. Thanks, guys. Congrats on the quarter.
Operator
Our next question will come from Dana Telsey with Telsey Advisor Group. Please go ahead.
Dana Telsey -- Telsey Advisor Group -- Analyst
Congratulations on the results. As you think about the same-store sales that you generated this quarter, what were the components and complexion of the comps that were delivered? And lastly, on the European business, what is your time frame for the Europe business? And what should we look at in terms of stepping stones to show the progress going forward?
Steven J. Fasching -- Chief Financial Officer
I'll take the first one, Dana. So our DTC comp was up 4.7%. As you know, we don't break out retail and e-com. But clearly, e-com performed very strongly. I think retail, for the most part, was kind of within our expectations but down. And so it's something that we're constantly looking at. It's something that we've talked about really for the last couple of years of how we're shaping our fleet and how we're improving performance. So something that we're going to continue to monitor. Clearly, retail plays an important strategic element in how we go to market. And so that's going to be a continued area that we're going to look at, and it's something that we are working on and improving in some of the stores that have been underperforming. And for those that have underperformed, we've closed. So that's something that we'll continue to monitor and work as we progress along.
Dave Powers -- Chief Executive Officer, President And Director
Yes. And with regards to the European business, and just to clarify, that is an UGG-specific challenge that we're having in the EMEA region. I would say, Dana, we're coming out of year one of a three-year reset. Obviously, some declines that we had planned for and some challenges that I mentioned. But I would expect to see really the real indicator of brand consideration in that marketplace. We track that on a regular basis. We'll do our best to keep everyone updated through our quarterly calls. It's -- we have a lot of internal conversations around marketing, using local influencers versus global influencers. We're ramping up our digital marketing tools in that region to really drive excitement and brand consideration. And then I would say probably in FY '21, you start to see the business level out with return to growth in FY '22 at this point.
Dana Telsey -- Telsey Advisor Group -- Analyst
Thank you.
Operator
Your next question comes from Sam Poser with Susquehanna. Please go ahead.
Sam Poser -- Susquehanna -- Analyst
Good afternoon. Thank you for for taking my question. Can we talk a little bit about China and the consumer what you're seeing initially with the coronavirus as well as I don't know, there is a lot of production there now but also the -- what you're seeing with the timing of production out of China as well.
Steven J. Fasching -- Chief Financial Officer
Yes. So I'll start with that, and Dave can jump in. I think, as we said, we do have a factor in there a little bit on more of the demand side. From a supply side, most of our product is coming out of Vietnam. So we haven't seen, at this point, any disruption from a supply side issue. As I said, we have put in an element around the demand related to China and restrictions in China. As I also said, it's still very early. So it's really hard to know where this is going to go and how it's going to end up. But at this point, with the majority of our supply coming out of Vietnam, from a supply issue, we're in good shape, but we'll see how things develop.
Dave Powers -- Chief Executive Officer, President And Director
Yes, I don't really have much more to add on to that. I think it's kind of a wait and see, not just for us in the marketplace, what this does to the global Chinese consumer, and impacts in other regions and the retail business as a result of that. We do have teams in Shanghai. We have team in Guangzhou. They are challenged, but as Steve said, to the -- the rest of the business right now, we think we've quite quantified. There may be a little bit of impact on internal kind of development work over the next few months. But we don't see that as a significant impact to the business going forward, but we're obviously going to continue to monitor it closely. And also keeping a close eye on the health and the being of our teams.
Sam Poser -- Susquehanna -- Analyst
And then secondly, in regard to HOKA, what percent of that business is -- well, I have a couple of questions there. What percent is domestic versus international? And then is the entire DTC is digital. Is that correct?
Dave Powers -- Chief Executive Officer, President And Director
Yes, the DTC is all-digital at this point? Yes, correct. Going -- so back to the mix, Steve?
Steven J. Fasching -- Chief Financial Officer
Yes. The -- on the HOKA breakout, and we haven't given specific numbers. But from a dollar perspective, it's -- I think it's we're about 2/3, a little less on domestic and 1/3 kind of international.
Dave Powers -- Chief Executive Officer, President And Director
Yes. And as we also mentioned, this is the first time that we saw unit sales in the Europe or the international business eclipsed that in the U.S. And so keep in mind there, it's largely much bigger portion of wholesale business and a large distributor business. So the average price on a product there is lower because of that. But we're excited about the unit growth, which means more of shoes on more feet across the globe, which means adoption is increasing. It just gives us more excitement around the opportunity internationally.
Sam Poser -- Susquehanna -- Analyst
And when do you take -- and when would you take -- I mean, when would you go to a JV and subsidiary there? How -- at what scale do you need to think about flipping it out of the distributor model and into a subsidiary or JV model?
Dave Powers -- Chief Executive Officer, President And Director
Yes, nothing to share there right now. We're continuing to evaluate opportunities for that long term in all regions. And so right now, we're staying the course and building brand health in our subsidiary markets, supporting the distributors. We have actually done that with our Canadian market. So this will be the first year in FY '21 that is fully owned and run by us. We did that in Japan about three or four years ago, and it's proved very successful. So it's something we're considering as we look at the long-term strategic outlook of this and making sure that operationally, we are ready to do that if we get to that point.
Sam Poser -- Susquehanna -- Analyst
Alright, thanks very much activity.
Operator
Our next question will come from Jim Duffy with Stifel. Please go ahead.
Peter McGoldrick -- Stifel -- Analyst
Hi,This is Peter McGoldrick on for Jim. I was first interested as the HOKA continues to deliver upside to the plan where are you seeing the increases in brand recognition? And then further, could you speak to the brand marketing and product strategy as you look to recruit younger consumers? And has this evolved at all as you've grown per scale.
Dave Powers -- Chief Executive Officer, President And Director
Yes. I think to answer the question, two areas that we're seeing work well is new product introduction. So the Carbon X and the Rincon, those are resonating with the younger consumer, consumers who want to go faster, but still want the overall benefits from the cushion experience that HOKA provides so we're going to continue to do that. And we're going to continue the formula where we're using real consumer experiences in HOKA product to tell that. So leveraging the time to campaign, making sure that we're reaching diverse consumers as we have been and really cultivating younger consumers through some of the efforts that the field marketing reps are doing across the region, continuing to show up in the right events globally, staying authentic to the channel, continuing to innovate at a fast pace.
And what's great now about the breadth of the brand is it is being adopted by a large, diverse consumer across the board, and we are seeing growth and excitement and penetration into the younger consumer. So we're just going to continue to cultivate that and you'll see that in increased marketing spend and the approach that we're taking. And the product pipeline, we'll continue to build on the successes that we've had in our core franchises of Bondi, Clifton and SpeedGoat. The Carbon X product is going to continue to evolve, and we're looking at great opportunities to expand that across the board, and we're very pleased with the introduction of the Rincon product and see that as a key evolution going forward as well.
Peter McGoldrick -- Stifel -- Analyst
Then on the sourcing situation. I know that you're locked in on Sheepskin for next year. But given the drought and fire situations in Australia, can you help us think about any risks that you may be considering for fiscal '22 or the size of any exposure there?
Steven J. Fasching -- Chief Financial Officer
Yes. So normally, we get that update, but I can give you just a little bit of clarity. So we're covered into 2022. So we're fully covered for 2021, and we're comfortably covered for '22. And we'll be able to provide more of an update. But the supply that we have locked in we feel comfortable with the position that we have, really, definitely over the next year and well into to 2022.
Dave Powers -- Chief Executive Officer, President And Director
Yes. And in addition to that, keep in mind that we have been leveraging the development of UGGpure and materials as an alternative to pure Sheepskin that's growing as a proportion to the line, as we get into more diverse product and more fashionable product and different price points that balances out the demand for twin-faced sheepskin. And it's also helping margin and retail opportunities as well.
Peter McGoldrick -- Stifel -- Analyst
Okay. Then last one with holiday '19 in the bag, can you give us an update on how big the core Classics franchise is? And how much bigger that is than any emergent franchisees like Neumel or Fluff or Fluff Yeah?
Dave Powers -- Chief Executive Officer, President And Director
Yes. So total women's classics. We've been hovering in the last few years below 50%. We're now turning closer to 40 -- just above 40%. So part of that is on purpose, with how we're controlling distribution allocation of the women's classics franchise, and some of that is also bolstered by the fact that you are seeing success in men's and other areas such as the Fluff Yeah and that strategy is working. We have more progress that we need to make in the international markets as those are still a little bit more heavily penetrated some of the -- in the core Classics. But as the adoption of the Neumel and the Fluff, the categories increased in those markets, and we finish out the segmentation and allocation, work. We hope to see the same results in those international markets and being less reliant overall.
Sam Poser -- Susquehanna -- Analyst
Right, thank you very much.
Dave Powers -- Chief Executive Officer, President And Director
Thank you.
Operator
Our next question will come from Paul Lejuez with Citi Research. Please go ahead.
Paul Lejuez -- Citi Research -- Analyst
Hey, guys, Paul Lejuez. Just curious how you're thinking about the long-term margin in the HOKA business? And how you balance the pace of margin expansion with investments necessary in that business? And also curious on HOKA, what percent of the HOKA business is footwear versus other categories? And how do you see that progressing over the next several years?
Dave Powers -- Chief Executive Officer, President And Director
I'll answer the second question first. I'll let Steve answer the first one. Currently HOKA is probably 99% footwear. And when you look at the long-range opportunity in the brand, and we've talked about getting to and beyond the $500 million point. There's a lot of runway still within just footwear. We're incubating apparel. There's going to be a launch that's coming out in the next quarter, which is a DTC only launch in the U.S. to see what the appetite is for apparel and test. But the teams are 100% focused on evolving the footwear business, continuing to take market share, but we do see longer term, three to five years down the road that this can be a much bigger brand beyond just footwear. And we think apparel and gear is an opportunity within that as well.
Steven J. Fasching -- Chief Financial Officer
And then, Paul, the way we're thinking about the margin, it depends on a number of factors. But clearly, on the domestic business, where we have opportunity for margin improvement is with migration of more customers online. And we have seen that happening and that's helping drive some upside on the margins. So as we've talked about before, as consumers are introduced to the brand through the wholesale channel, there is a migration online as they get further down into repeat purchases. So we're continuing to see that trend probably a little bit stronger than what we earlier identified.
And then to the question earlier that we got, as we look at international markets, the further opportunity there is how we capture sales, both from our owned markets in the wholesale distributor markets conversion to online business. So a lot more opportunity to drive to higher-margin business, but we're still growing the brand. So we're bringing customers in. It's about how we're bringing customers into all channels. And as they further engage with the brand, our opportunity is how we engage with them online and drive that margin further.
Dave Powers -- Chief Executive Officer, President And Director
Yes. And the mix of online business as a percentage of the total, as that increases, obviously, the margin gets exponentially better, and we're able to capture that consumer for the long-term lifetime value of that sale. And then our digital marketing efforts and our return on digital marketing spend against our website is exceptional. So we're going to continue to fuel that at the pace of growth that we're seeing.
Paul Lejuez -- Citi Research -- Analyst
Can I just go back to the China question for a second? Can you just remind us what percent of your sales are in China? And I think you didn't indicate any sort of percentage of your sourcing coming from China. Did you mean to say that you don't have anything sourced in China at this point? Just curious what that percentage is?
Dave Powers -- Chief Executive Officer, President And Director
Yes. Just right now, we're -- with sourcing coming from China is just about 10%, maybe a little bit less. And so we've factored that into the -- what we spoke about earlier, with the risk and then the long-range view of the company and margin opportunity.
Paul Lejuez -- Citi Research -- Analyst
10% of sales?
Dave Powers -- Chief Executive Officer, President And Director
10% of, yes, shipments that are at risk coming out of that market. And as we know, the teams have done a fantastic job. I have to give them credit for migrating out of China over the last three years. Not only have we quickly migrated to new markets in Vietnam and beyond, but the quality of our product has improved over time, and the margins have improved as a result.
Paul Lejuez -- Citi Research -- Analyst
Got it. And percent of sales in China.
Dave Powers -- Chief Executive Officer, President And Director
Don't know if we've given that before.
Steven J. Fasching -- Chief Financial Officer
Yes. What we've said specifically to that is one, kind of in the current quarter, what we factored in China is still relatively small. In terms of international markets, we said about half of that's Europe, 40-ish percent of that is APAC. And when you look at APAC, it's now kind of split between China and Japan largely.
Paul Lejuez -- Citi Research -- Analyst
Thank you. Good luck.
Steven J. Fasching -- Chief Financial Officer
Okay. Thanks.
Operator
And our next question will come from Mitch Kummetz with Pivotal Research. Please go ahead.
Mitch Kummetz -- Pivotal Research -- Analyst
Yes, basically my questions on that Dave, I was hoping you could give a little bit more color on the UGG Men's business. I think you said it was up 10% in the quarter. What percent of total UGG is Men's now? And then it sounds like Neumel was particularly strong. I don't know if you could speak to how much year-over-year growth you saw in Neumel? And then I have a follow-up.
Dave Powers -- Chief Executive Officer, President And Director
Yes, yes. Right now, men's, it's tracking as we planned it. As you know, we've been talking about this for -- in the last few years now and migrating men's to a younger, more fashion-oriented consumer with different distribution away from the traditional slipper and classic business. We're now at about 15% of the total penetration. We think the potential there is closer to 20% over time. But it's really being driven by the Neumel franchise and some of the winter boots in that business. So the Neumel has continued to resonate both their core distribution, but also at new distribution like the Foot Locker and Footaction. Real strength in Journeys. We've opened up some sport lifestyle distribution in the EMEA market, which is starting to perform well. It hasn't resonated to the same extent in Europe and Asia that it has in the U.S. yet.
But it's an early days of introduction to that consumer. So we're leveraging the marketing playbook that has worked well in the U.S. which is collaborations and high level influencers and ambassadors for the brand showing the product in a new and exciting way. We're going to continue down that path. At the same time, we're seeing success in derivatives of that. The Heartland boot which is a little bit slimmer and more appropriate to an international consumer leveraging the Butte, appropriate which is -- are a leading winter book and the leveraging existing styles like the Tasman slipper, which is also being worn by younger high school college students. So we feel good about the reach of the consumer and the diversity of the product. And the teams are working very fast to iterate as much as we can in these and take advantage of the opportunity. And as I mentioned earlier on, there is also opportunity, we think, in the Fluff franchise to translate that to the Neumel consumer as well.
Mitch Kummetz -- Pivotal Research -- Analyst
Got it. And then -- that's helpful. And then, Steve, just really quickly on the Q3 beat. I think you said that roughly $20 million of the sales upside was timing, $5 million of that was wholesale. And I get that. You should be able to see if there are orders pulled forward or not. Then you also said that $15 million was DTC. I just want to have a better sense as to how you can tie -- or how you engage the timing of DTC, how do you know that, that's timing versus just outperformance in the quarter?
Steven J. Fasching -- Chief Financial Officer
Good question. So one thing we did this year is we pulled forward our UGG Closet event. So last year, we had it in January. This year, we pulled it into the last week of December. And we saw two things. One, we saw it perform, but we saw it perform better than what we expected. And we did see a corresponding low to the start of January. So that was a case where we saw product selling stronger in that last week where we thought some of that might trickle really into the first part of January. And so capturing that sale late in December and the low, we put to timing as people were buying the product earlier because like sales.
Mitch Kummetz -- Pivotal Research -- Analyst
Yep. All right. Thanks, guys. Good luck.
Steven J. Fasching -- Chief Financial Officer
Okay.
Operator
Pardon me, everyone. We will now take the last question of the call from Janine Stichter with Jefferies. Please go ahead.
Janine Stichter -- Jefferies -- Analyst
Hi, thanks for having me on. Congratulation. Just one more on HOKA. So really impressive growth there. Is there anything in terms of capacity constraints that would prohibit you from growing at the level that you've been growing in the coming quarters? And then also just one on Koolaburra. It's been a small brand, obviously, it's kind of becoming a little bit more noticeable. How should we think about the potential growth there? And then, if you could just help us understand how much of the growth is coming from expanded distribution versus just better sell-through with your existing partners?
Dave Powers -- Chief Executive Officer, President And Director
Yes, this is Dave. So on the capacity, it's a great question. And first, I would say, I give the teams a lot of credit. This explosive growth is a lot more than we had anticipated or planned for. So the teams have been able to quickly chase not only production capacity, but materials and be able to keep the fuel -- sorry, the flow of inventory in those core products to the extent that we're not really missing sales, but we are capitalizing on the opportunity. And we've had great discussions internally on making sure that we are preparing for continued acceleration in that brand, working closely with our partners, the teams have been over in China within the last 1.5 months, working closely with our factory partners, both on machinery to be able to produce the shoes, but also the capacity, and we feel really good about our opportunity to continue this rate of growth.
With regards to Koolaburra, we're very excited about the reaction to the brand by the consumer, how they are -- how that brand is performing at retail and at the retail prices that consumers are paying for it. We've had a great, obviously, initial launch over the last couple of years with Kohl's. Footwear business is strong. We actually just launched, if you guys haven't noticed, this fall, we had a home launch with them through our license partner, which was also very successful at Kohl's. We're looking at ways to expand that as well. We're not really looking to expand distribution for Kohl's, it's really around penetration in existing partners and then there's opportunity to expand the business in Europe. We had a soft launch this fall. Things went well. We had some little bit of late deliveries on products, so we didn't capitalize in the full opportunity, but it is going to be something that we're going to continue to go after. And we're looking at this longer-term as not just a footwear brand, but really a lifestyle brand. And we're incubating business opportunities to be able to capture that now.
Operator
[Operator Closing Remarks]
Duration: 60 minutes
Call participants:
Erinn Kohler -- Senior Director of Investor Relation And Corporate Planning
Dave Powers -- Chief Executive Officer, President And Director
Steven J. Fasching -- Chief Financial Officer
Jonathan Komp -- Baird -- Analyst
Matt Gulmi -- Wells Fargo -- Analyst
Dana Telsey -- Telsey Advisor Group -- Analyst
Sam Poser -- Susquehanna -- Analyst
Peter McGoldrick -- Stifel -- Analyst
Paul Lejuez -- Citi Research -- Analyst
Mitch Kummetz -- Pivotal Research -- Analyst
Janine Stichter -- Jefferies -- Analyst
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Deckers Outdoor Corp (NYSE: DECK) Q3 2020 Earnings Call Jan 30, 2020, 4:30 p.m. Welcome to the Deckers Brands Third Quarter Fiscal 2020 Earnings Conference call. These results represent the largest revenue and earnings quarter in the history of Deckers Brands.
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Operator [Operator Closing Remarks] Duration: 60 minutes Call participants: Erinn Kohler -- Senior Director of Investor Relation And Corporate Planning Dave Powers -- Chief Executive Officer, President And Director Steven J. Fasching -- Chief Financial Officer Jonathan Komp -- Baird -- Analyst Matt Gulmi -- Wells Fargo -- Analyst Dana Telsey -- Telsey Advisor Group -- Analyst Sam Poser -- Susquehanna -- Analyst Peter McGoldrick -- Stifel -- Analyst Paul Lejuez -- Citi Research -- Analyst Mitch Kummetz -- Pivotal Research -- Analyst Janine Stichter -- Jefferies -- Analyst More DECK analysis All earnings call transcripts 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q3 2020 Earnings Call Jan 30, 2020, 4:30 p.m. Welcome to the Deckers Brands Third Quarter Fiscal 2020 Earnings Conference call.
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Operator [Operator Closing Remarks] Duration: 60 minutes Call participants: Erinn Kohler -- Senior Director of Investor Relation And Corporate Planning Dave Powers -- Chief Executive Officer, President And Director Steven J. Fasching -- Chief Financial Officer Jonathan Komp -- Baird -- Analyst Matt Gulmi -- Wells Fargo -- Analyst Dana Telsey -- Telsey Advisor Group -- Analyst Sam Poser -- Susquehanna -- Analyst Peter McGoldrick -- Stifel -- Analyst Paul Lejuez -- Citi Research -- Analyst Mitch Kummetz -- Pivotal Research -- Analyst Janine Stichter -- Jefferies -- Analyst More DECK analysis All earnings call transcripts 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q3 2020 Earnings Call Jan 30, 2020, 4:30 p.m. Welcome to the Deckers Brands Third Quarter Fiscal 2020 Earnings Conference call.
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Operator [Operator Closing Remarks] Duration: 60 minutes Call participants: Erinn Kohler -- Senior Director of Investor Relation And Corporate Planning Dave Powers -- Chief Executive Officer, President And Director Steven J. Fasching -- Chief Financial Officer Jonathan Komp -- Baird -- Analyst Matt Gulmi -- Wells Fargo -- Analyst Dana Telsey -- Telsey Advisor Group -- Analyst Sam Poser -- Susquehanna -- Analyst Peter McGoldrick -- Stifel -- Analyst Paul Lejuez -- Citi Research -- Analyst Mitch Kummetz -- Pivotal Research -- Analyst Janine Stichter -- Jefferies -- Analyst More DECK analysis All earnings call transcripts 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q3 2020 Earnings Call Jan 30, 2020, 4:30 p.m. Welcome to the Deckers Brands Third Quarter Fiscal 2020 Earnings Conference call.
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2020-01-31 00:00:00 UTC
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Why Deckers Outdoor Stock Popped Today
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DECK
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https://www.nasdaq.com/articles/why-deckers-outdoor-stock-popped-today-2020-01-31
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What happened
Shares of Deckers Outdoor (NYSE: DECK) were climbing today after the Ugg maker turned in a better-than-expected third-quarter earnings report and raised its full-year guidance. The stock finished the session up 7.6% after trading up as much as 12.4% earlier in the day.
So what
For the quarter, Deckers' sales rose 7.4% to $938.7 million, breezing past expectations of $900.4 million. The footwear specialist said Ugg sales rose 2.6% to $781.1 million, but the real standout was its Hoka One One running shoe brand, which saw sales jump 63.6% to $93.1 million, showing the company may have another breakout brand on its hands. Growth at Koolaburra, a sub-brand of Ugg, was also impressive, rising 94% to $39 million. At two of Deckers' smaller brands, Teva and Sanuk, sales declined in the quarter.
Image source: Deckers.
The strong top-line growth helped the company beat earnings estimates as well with earnings per share (EPS) increasing from $6.59 a year ago to $7.14, ahead of estimates of $6.55.
CEO Dave Powers said, "Our third quarter results were driven by three of our brands experiencing record levels of quarterly revenue, resulting in an updated outlook that reflects another year of strong top-line growth and earnings expansion."
Now what
About 40% of Deckers' revenue and the vast majority of its profit comes during the holiday quarter, so investors should be encouraged by the strong performance. Deckers now expects full-year revenue of $2.15 billion to $2.16 billion, up from a previous range of $2.115 billion to $2.14 billion. It also raised its full-year EPS guidance from $8.90-$9.05 to $9.40-$9.50.
For the fourth quarter, it expects revenue of $392 million to $402 million, below last year's total of $423 million, which is due in part to a timing shift of some shipments into the third quarter. On the bottom line, Deckers forecast EPS of $0.35 to $0.45, which compares to $0.85 a year ago.
Though guidance for the current quarter may be underwhelming, the strong performance by Hoka and Koolaburra show the company has the potential to capture the kind of growth that Ugg had in its earlier days once again. That and the strong results were enough to push the stock up today.
10 stocks we like better than Deckers Outdoor
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*Stock Advisor returns as of December 1, 2019
Jeremy Bowman 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 Outdoor (NYSE: DECK) were climbing today after the Ugg maker turned in a better-than-expected third-quarter earnings report and raised its full-year guidance. Now what About 40% of Deckers' revenue and the vast majority of its profit comes during the holiday quarter, so investors should be encouraged by the strong performance. So what For the quarter, Deckers' sales rose 7.4% to $938.7 million, breezing past expectations of $900.4 million.
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So what For the quarter, Deckers' sales rose 7.4% to $938.7 million, breezing past expectations of $900.4 million. What happened Shares of Deckers Outdoor (NYSE: DECK) were climbing today after the Ugg maker turned in a better-than-expected third-quarter earnings report and raised its full-year guidance. At two of Deckers' smaller brands, Teva and Sanuk, sales declined in the quarter.
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What happened Shares of Deckers Outdoor (NYSE: DECK) were climbing today after the Ugg maker turned in a better-than-expected third-quarter earnings report and raised its full-year guidance. So what For the quarter, Deckers' sales rose 7.4% to $938.7 million, breezing past expectations of $900.4 million. At two of Deckers' smaller brands, Teva and Sanuk, sales declined in the quarter.
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What happened Shares of Deckers Outdoor (NYSE: DECK) were climbing today after the Ugg maker turned in a better-than-expected third-quarter earnings report and raised its full-year guidance. So what For the quarter, Deckers' sales rose 7.4% to $938.7 million, breezing past expectations of $900.4 million. At two of Deckers' smaller brands, Teva and Sanuk, sales declined in the quarter.
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0218770f-3be2-481f-9fbb-1fcde3072d9f
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724170.0
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2020-01-31 00:00:00 UTC
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Stock Alert: Deckers Brands (DECK) Shares Hit New 52-Week High
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DECK
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https://www.nasdaq.com/articles/stock-alert%3A-deckers-brands-deck-shares-hit-new-52-week-high-2020-01-31
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nan
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nan
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(RTTNews) - The stock, Deckers Brands (DECK), broke out of a three-week trading range of $173 - $177 and gapped open today, to touch a new 52-week high of $199.31, thanks to strong earnings. However, the Q4 guidance was weak and will that drag down the stock?
The company reported Q3 net income of $201.5 million or $7.14 per share compared to $196.3 million or $6.68 per share in the prior year period. Wall Street analysts expected earnings of $6.55 per share for the quarter.
Net sales increased 7.4% to $938.7 million compared to $873.8 million for the same period of last year.
Q4, FY Guidance
The company expects Q4 earnings in the range of $0.35 - $0.45 per share and net sales of $392 million - $402 million. Analysts estimate earnings of $0.67 per share on revenue of $422.96 million for the quarter.
For fiscal 2020, the company now sees earnings between $9.40 and $9.50 per share on net sales of $2.15 billion - $2.16 billion. Analysts polled by Thomson Reuters expect earnings of $9.17 per share and revenue of $2.14 billion for fiscal 2020. Analysts' estimate typically exclude certain special items.
The views and 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) - The stock, Deckers Brands (DECK), broke out of a three-week trading range of $173 - $177 and gapped open today, to touch a new 52-week high of $199.31, thanks to strong earnings. Wall Street analysts expected earnings of $6.55 per share for the quarter. Analysts polled by Thomson Reuters expect earnings of $9.17 per share and revenue of $2.14 billion for fiscal 2020.
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(RTTNews) - The stock, Deckers Brands (DECK), broke out of a three-week trading range of $173 - $177 and gapped open today, to touch a new 52-week high of $199.31, thanks to strong earnings. The company reported Q3 net income of $201.5 million or $7.14 per share compared to $196.3 million or $6.68 per share in the prior year period. Q4, FY Guidance The company expects Q4 earnings in the range of $0.35 - $0.45 per share and net sales of $392 million - $402 million.
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(RTTNews) - The stock, Deckers Brands (DECK), broke out of a three-week trading range of $173 - $177 and gapped open today, to touch a new 52-week high of $199.31, thanks to strong earnings. The company reported Q3 net income of $201.5 million or $7.14 per share compared to $196.3 million or $6.68 per share in the prior year period. Q4, FY Guidance The company expects Q4 earnings in the range of $0.35 - $0.45 per share and net sales of $392 million - $402 million.
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(RTTNews) - The stock, Deckers Brands (DECK), broke out of a three-week trading range of $173 - $177 and gapped open today, to touch a new 52-week high of $199.31, thanks to strong earnings. Q4, FY Guidance The company expects Q4 earnings in the range of $0.35 - $0.45 per share and net sales of $392 million - $402 million. Analysts estimate earnings of $0.67 per share on revenue of $422.96 million for the quarter.
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52e24602-391b-44c8-bfc1-dfafccf5952c
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724171.0
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2020-01-30 00:00:00 UTC
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Deckers Outdoor Q3 20 Earnings Conference Call At 4:30 PM ET
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-q3-20-earnings-conference-call-at-4%3A30-pm-et-2020-01-30
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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 January 30, 2020, to discuss Q3 20 earnings results.
To access the live webcast, log on to www.deckers.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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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on January 30, 2020, to discuss Q3 20 earnings results. To access the live webcast, log on to www.deckers.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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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on January 30, 2020, to discuss Q3 20 earnings results. To access the live webcast, log on to www.deckers.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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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on January 30, 2020, to discuss Q3 20 earnings results. To access the live webcast, log on to www.deckers.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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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on January 30, 2020, to discuss Q3 20 earnings results. To access the live webcast, log on to www.deckers.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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b134eea7-2022-49a2-b206-391bef7d6e57
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724172.0
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2019-11-26 00:00:00 UTC
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Commit To Buy Deckers Outdoor Corp. At $130, Earn 7.2% Using Options
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DECK
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https://www.nasdaq.com/articles/commit-to-buy-deckers-outdoor-corp.-at-%24130-earn-7.2-using-options-2019-11-26
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nan
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nan
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Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) stock, but cautious about paying the going market price of $167.88/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2021 put at the $130 strike, which has a bid at the time of this writing of $9.40. Collecting that bid as the premium represents a 7.2% return against the $130 commitment, or a 6.3% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Selling a put does not give an investor access to DECK's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $130 strike if doing so produced a better outcome than selling at the going market price. (Do options carry counterparty risk? This and six other common options myths debunked). So unless Deckers Outdoor Corp. sees its shares decline 22.2% and the contract is exercised (resulting in a cost basis of $120.60 per share before broker commissions, subtracting the $9.40 from $130), the only upside to the put seller is from collecting that premium for the 6.3% annualized rate of return.
Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $130 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2021 put at the $130 strike for the 6.3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deckers Outdoor Corp. (considering the last 252 trading day closing values as well as today's price of $167.88) to be 36%. For other put options contract ideas at the various different available expirations, visit the DECK Stock Options page of StockOptionsChannel.com.
Top YieldBoost Puts of Stocks Conducting Buybacks »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) stock, but cautious about paying the going market price of $167.88/share, might benefit from considering selling puts among the alternative strategies at their disposal. Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $130 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2021 put at the $130 strike for the 6.3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deckers Outdoor Corp. (considering the last 252 trading day closing values as well as today's price of $167.88) to be 36%.
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Selling a put does not give an investor access to DECK's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $130 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2021 put at the $130 strike for the 6.3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deckers Outdoor Corp. (considering the last 252 trading day closing values as well as today's price of $167.88) to be 36%.
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Selling a put does not give an investor access to DECK's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. So unless Deckers Outdoor Corp. sees its shares decline 22.2% and the contract is exercised (resulting in a cost basis of $120.60 per share before broker commissions, subtracting the $9.40 from $130), the only upside to the put seller is from collecting that premium for the 6.3% annualized rate of return. Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $130 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2021 put at the $130 strike for the 6.3% annualized rate of return represents good reward for the risks.
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Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) stock, but cautious about paying the going market price of $167.88/share, might benefit from considering selling puts among the alternative strategies at their disposal. Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $130 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2021 put at the $130 strike for the 6.3% annualized rate of return represents good reward for the risks. For other put options contract ideas at the various different available expirations, visit the DECK Stock Options page of StockOptionsChannel.com.
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ef7af306-3f05-419b-b05d-1afafb78fb21
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724173.0
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2019-10-27 00:00:00 UTC
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Deckers Outperforms in Q2, but Is the Stock a Buy?
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DECK
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https://www.nasdaq.com/articles/deckers-outperforms-in-q2-but-is-the-stock-a-buy-2019-10-27
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nan
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nan
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Deckers Outdoor (NYSE: DECK) shares are up 18% year to date, in line with the S&P 500 and the Consumer Discretionary sector. The footwear company recently reported fiscal second quarter revenue of $542 million, up 8% year over year, above analyst estimates of $529 million. Earnings came in at $2.71 per share, an increase of 14% and also well ahead of analyst expectations of $2.33per share.
However, DECK shares shed 3.3% the day following the report, as investors focused on the muted guidance for the important holiday quarter. Management sees revenue growing approximately 1% to 3% for the fiscal 2020 third quarter, compared to the 8% increase the company enjoyed in the same period last year.
HOKA ONE ONE
Fluff Yeah!
The core UGG business continued to perform well in the U.S. with total sales up 2.2% in the quarter. The company's Fluff Yeah hybrid sandal slipper is drawing new customers to the UGG brand. And Deckers continues to succeed in its PR and digital marketing efforts -- CEO David Powers noted during the earnings call:
UGG brand interest in the U.S. was up 11% in the quarter versus last year, according to Google trends. In particular, we have seen another 20-plus percent increase in customer acquisition within the key 18 year old to 34 year old demographic. This targeted demographic increase has been driven by the powerful organic PR earned by the UGG brand, which includes several high-profile celebrities photographed wearing our product.
Some of Deckers' secondary brands delivered enviable results as well -- HOKA ONE ONE products saw a 50% sales increase during the quarter, though the smaller Sanuk brand struggled as revenue fell 22% year over year.
The reward of smaller brands
While UGG remains the cornerstone brand for the company at about 75% of the top line, secondary brands HOKA ONE ONE and Koolabura are becoming important growth drivers. Importantly, their expansion helps decrease the sales volatility that comes from weather and consumer taste patterns for the core UGG business. Global sales at HOKA and Koolaburra increased 50% and 41% in the second quarter, respectively.
The HOKA momentum shows no signs of slowing down, with Deckers executives predicting strong growth in the important upcoming holiday third quarter. HOKA's success is linked to its innovation and new products, including the Carbon X and Rincon. The latter, released in July, drew new consumers to the brand, and management noted that 50% of online consumers of Rincon products were new. HOKA's product innovation is also paying dividends as spring product launches won product awards.
Deckers stock fairly valued given current risks
Despite handily topping guidance in the second quarter, there are still a few risks for investors to consider. There has been weakness in the European market for UGG products. Deckers' management is addressing this by resetting the marketplace. During the call, management said this multiyear reset "is intended to clean up inventory in the marketplace, consolidate the account base to focus on partners who best represent the UGG brand, and provide a more differentiated consumer experience." At these early stages, management's plan has no guarantee of success.
Decreased consumer confidence and spending is another potential headwind. Customers are likely to cut back on luxury UGG fashion boots, for example, if an economic slowdown settles in, and the muted holiday expectations certainly didn't help.
Lastly, uncertainty around tariffs comes with its own problems. While management believes that they have been able to mitigate any material impact from tariffs thus far, higher costs would compress margins. That said, Deckers is in a manageable position with less than 20% of its global production in China going to the U.S. market.
Shares of Deckers are trading at 16.5 times forward earnings, roughly in line with its historical average. Given the low guidance for the holiday shopping season and risks around Europe and tariffs, investors may want to wait for a pullback to pick up shares. Supporting brands like HOKA may be delivering impressive growth, but it makes up only about 14% of the company's top line.
10 stocks we like better than Deckers Outdoor
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom 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 June 1, 2019
Pearl Wang 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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And Deckers continues to succeed in its PR and digital marketing efforts -- CEO David Powers noted during the earnings call: UGG brand interest in the U.S. was up 11% in the quarter versus last year, according to Google trends. Deckers Outdoor (NYSE: DECK) shares are up 18% year to date, in line with the S&P 500 and the Consumer Discretionary sector. However, DECK shares shed 3.3% the day following the report, as investors focused on the muted guidance for the important holiday quarter.
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And Deckers continues to succeed in its PR and digital marketing efforts -- CEO David Powers noted during the earnings call: UGG brand interest in the U.S. was up 11% in the quarter versus last year, according to Google trends. Deckers Outdoor (NYSE: DECK) shares are up 18% year to date, in line with the S&P 500 and the Consumer Discretionary sector. However, DECK shares shed 3.3% the day following the report, as investors focused on the muted guidance for the important holiday quarter.
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And Deckers continues to succeed in its PR and digital marketing efforts -- CEO David Powers noted during the earnings call: UGG brand interest in the U.S. was up 11% in the quarter versus last year, according to Google trends. Some of Deckers' secondary brands delivered enviable results as well -- HOKA ONE ONE products saw a 50% sales increase during the quarter, though the smaller Sanuk brand struggled as revenue fell 22% year over year. Deckers Outdoor (NYSE: DECK) shares are up 18% year to date, in line with the S&P 500 and the Consumer Discretionary sector.
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However, DECK shares shed 3.3% the day following the report, as investors focused on the muted guidance for the important holiday quarter. Some of Deckers' secondary brands delivered enviable results as well -- HOKA ONE ONE products saw a 50% sales increase during the quarter, though the smaller Sanuk brand struggled as revenue fell 22% year over year. That said, Deckers is in a manageable position with less than 20% of its global production in China going to the U.S. market.
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c40d89f2-3f4f-4ec5-950b-61cc3d28bb0a
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724174.0
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2019-10-24 00:00:00 UTC
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Deckers Brands Raises FY20 Outlook - Quick Facts
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DECK
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https://www.nasdaq.com/articles/deckers-brands-raises-fy20-outlook-quick-facts-2019-10-24
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nan
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nan
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(RTTNews) - Deckers Brands (DECK) said, for fiscal 2020, earnings per share now expected to be in the range of $8.90 to $9.05. Net sales are now expected to be in the range of $2.115 billion to $2.140 billion. Analysts polled by Thomson Reuters expect the company to report profit per share of $8.89 on revenue of $2.14 billion. Analysts' estimates typically exclude special items.
For the third-quarter, earnings per share are expected to be in the range of $6.30 to $6.40; and net sales are expected to be in the range of $885 million to $900 million. Analysts polled by Thomson Reuters expect the company to report profit per share of $6.45 on revenue of $911.35 million.
For the second quarter, earnings per share was $2.71 compared to GAAP earnings per share of $2.48, last year, and non-GAAP earnings per share of $2.38, prior year. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $2.33, for the quarter.
Second-quarter net sales increased 8.0% to $542.2 million compared to $501.9 million for the same period last year. On a constant currency basis, net sales increased 9.5%. Analysts expected revenue of $528.96 million for the quarter.
The company's Board has appointed Mike Devine as Chairman of the Board. Devine has served as a member of Board since 2011. He succeeds John Gibbons.
The views and 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 Brands (DECK) said, for fiscal 2020, earnings per share now expected to be in the range of $8.90 to $9.05. Analysts polled by Thomson Reuters expect the company to report profit per share of $8.89 on revenue of $2.14 billion. Analysts polled by Thomson Reuters expect the company to report profit per share of $6.45 on revenue of $911.35 million.
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(RTTNews) - Deckers Brands (DECK) said, for fiscal 2020, earnings per share now expected to be in the range of $8.90 to $9.05. Analysts polled by Thomson Reuters expect the company to report profit per share of $8.89 on revenue of $2.14 billion. Analysts polled by Thomson Reuters expect the company to report profit per share of $6.45 on revenue of $911.35 million.
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(RTTNews) - Deckers Brands (DECK) said, for fiscal 2020, earnings per share now expected to be in the range of $8.90 to $9.05. For the third-quarter, earnings per share are expected to be in the range of $6.30 to $6.40; and net sales are expected to be in the range of $885 million to $900 million. Analysts polled by Thomson Reuters expect the company to report profit per share of $6.45 on revenue of $911.35 million.
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(RTTNews) - Deckers Brands (DECK) said, for fiscal 2020, earnings per share now expected to be in the range of $8.90 to $9.05. For the third-quarter, earnings per share are expected to be in the range of $6.30 to $6.40; and net sales are expected to be in the range of $885 million to $900 million. Second-quarter net sales increased 8.0% to $542.2 million compared to $501.9 million for the same period last year.
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88c5f807-e08c-4975-8ad5-c640b3d5b443
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724175.0
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2019-10-24 00:00:00 UTC
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Deckers Outdoor Corp (DECK) Q2 2020 Earnings Call Transcript
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-deck-q2-2020-earnings-call-transcript-2019-10-25
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nan
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nan
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Image source: The Motley Fool.
Deckers Outdoor Corp (NYSE: DECK)
Q2 2020 Earnings Call
Oct 24, 2019, 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 2020 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, Senior Director, Investor Relations and Corporate Planning. Please go ahead.
Erinn Kohler -- Director of 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 our anticipated financial performance, including but not limited to our projected revenue, margins, expenses and earnings per share, as well as statements regarding our strategies for our products and brands.
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 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. Please note that throughout this discussion there may be references to certain non-GAAP financial measures for comparable prior year results. These non-GAAP financial measures referred to results before taking into account nonrecurring charges that are not believed to be core to our ongoing operating results.
Our non-GAAP financial measures are not adjusted for constant currency. While we did not have any non-GAAP financial adjustments for the second quarter of fiscal 2020, a reconciliation between our reported GAAP and non-GAAP results for the prior year can be found in our earnings release that is posted on our website under the Investors tab.
With that, I'll now turn it over to Dave.
David Powers -- Chief Executive Officer, President and Director
Thanks, Erinn. Good afternoon everyone and thank you for joining us today. The Deckers team has delivered yet another strong quarter. For the second quarter of fiscal 2020, revenue increased by 8% versus last year to $542 million. Gross margins came in above 50% and we delivered earnings per share of $2.71. These results are above the high end of our guidance range due to the out-performance in the HOKA ONE ONE brand as well as the strength seen through early shipments related to the UGG brands' domestic business.
During the second quarter, we continue to drive momentum in our key initiatives. As Hoka continue to experience explosive growth, UGG Men's boots increased by high teens percentages, UGG Women's noncore expanded through the fluff franchise in our online performance was strong. The Deckers team is focused on the execution of these key initiatives and I believe our commitment to investing in marketing and innovation have been central to the strength of our results. Our results also highlight the organization's focus and discipline to drive healthy top line growth while maintaining our top-tier levels of profitability. I'll now review the brand highlights from the quarter, starting with the Fashion Lifestyle Group.
The Fashion Lifestyle Group consists of the UGG and Koolaburra brands. For UGG, global sales in the second quarter were up 2% versus the prior year to $405 million, driven by continued strength domestically with some offsets in our EMEA region.
The health of our domestic business has been driven by a clean marketplace, thanks for our allocation and segmentation strategy as well as targeted investments in digital marketing and PR. UGG brand interest in the US was up 11% in the quarter versus last year, according to Google trends. In particular, we have seen another 20 plus percent increase in customer acquisition within the key 18 year old to 34 year old demographic. This targeted demographic increase has been driven by the powerful organic PR earned by the UGG brand which includes several high profile celebrities photographed wearing our product. From a product perspective, the Fluffy Yeah slide shows no signs of slowing down. The hybrid sandal slipper has been a steady acquisition vehicle for new consumers online in addition to continued momentum in the wholesale channel.
The UGG team has built a thoughtful plan for life-cycle management, aimed at optimizing the Fluff franchise is differentiated points of distribution. The Women's non-core business is also experiencing early success with the newly launched classic film, which is a fashion forward take on our iconic classic boot.The UGG design team has done a fantastic job of delivering compelling new product with strong ties to our heritage styling. I believe the Classic FM combined with new products, featured in the recent launch of our women's classics revolution campaign go a long way and highlighting the depths of the UGG brand differentiated product offering.
Due to these new product introductions and segmented distribution strategy, our women's business has experienced an increase in adoption from younger consumers. On the men's side, I'm pleased with the early response to the Neumel nation marketing campaign. Our largest ever men's specific campaign, which drove a double-digit increase in the number of male consumers to ugg.com, with over half of them being new to the brand.
For the campaign, we partnered with actor and fashion influencer Lucas Sabbat who will represents the UGG brand ethos of defying convention and change culture. On the heels of Neumel nation, UGG released its second limited addition collaboration with fashion designer Heron Preston, the collection features to heritage styles the Tasman slipper and the Classic Mini with updated features and benefits. Both the Neumel nation marketing campaign and collaboration efforts are aimed at driving increased awareness and consideration from young male consumers and I look forward to the results they will drive in our third quarter.
On the international front, we are in the early stages of a multi-year plan to reset the marketplace in our EMEA region. As a reminder, the marketplace reset in Europe and similar to the strategy that we successfully implemented and the domestic wholesale marketplace over the past few years. This strategy is intended to clean up inventory in the marketplace, consolidate the account base to focus on partners who best represent the UGG brand and provide a more differentiated consumer experience. The end goal of this strategy aims to enhance the consumer experience with the UGG brand. We believe this strategy has been key to our domestic success and as a result, we are working to drive successful implementation in the EMEA region. The revenue headwind of these actions in addition to the impact of currency is in total estimated to be approximately $25 million to $30 million for the remainder of the fiscal year.
Overall, I'm encouraged by the progress UGG is making with a variety of consumer segments and look forward to continued strides in our holiday quarter as we launched our largest ever holiday campaign. The holiday campaign will celebrate the gift of UGG with the Los Angeles-based Elis music family, look out for that launch over the coming weeks.
Turning to Koolaburra , global sales in the second quarter increased 41% versus the prior year to $26 million. Koolaburra growth was aligned with the brand strategy of gaining market share in the domestic wholesale family value channel. We're excited to be launching Koolaburra with a few new partners this season in conjunction with the increased demand experience with our existing partners.
The brand is also testing some category extensions this fall which includes the launch of licensed home product with Kohl's. Having said that, our near term focus for the brand remains on building compelling footwear targeted for the family value channel. At the close of the second quarter. I feel both UGG and Koolaburra are well positioned to capture holiday demand through segmented and differentiated product and their respective channels of distribution.
Shifting to the Performance Lifestyle group, which is comprised of HOKA ONE ONE, Teva and Sanuk. HOKA continues to exceed expectations. For the second quarter, HOKA global sales increased by 50% to $78 million. Similar to the first quarter, the HOKA brand's growth is well balanced with strength domestically, internationally and across both wholesale and direct to consumer channels.
From a product perspective, the HOKA brand experienced success in both its core franchises, as well as with new product introductions. On the franchise front Clifton and Bondi continue to experience significant growth year-over-year. In the meantime, HOKA is also finding success with new styles such as the Carbon X and Rincon which are bringing new consumers to the brand. The HOKA evolution is best evidenced by recently becoming the number two brand in terms of run specialty market share for the month of August , according to NPD.
The Rincon was released in July with the target to acquire high school and college aged athletes. This innovative new silhouette was designed with the lightweight cushion expected in a typical HOKA shoe but at more accessible price point. The coordinated Rincon marketing campaign was highly successful in the quarter with 50% of online consumers new being new to the brand and nearly 40% of those consumers represented in the 18 year old to to 34 year old demographic.
In terms of new product launches for the spring 2019 season, I'm happy to announce that every single new product HOKA launched won an award. These accolades range from the Rincon winning Editor's Choice by Runner's World to the Carbon X Winning Gear of the Year from Outside Magazine. This recognition is a direct result of developing innovative high performance product and combining it with the right marketing and distribution. Congrats to everyone involved in these impressive achievements. This is yet another indication of the strength of our product and innovation engine at Deckers.
Shifting to Teva, global sales in the second quarter increased by 7% to $23 million. The Universal and Hurricane franchises, continue to drive brand momentum so much so that Teva was able to regain the title of number one in market share within the sports sandal category for the spring 2019 season according to NPD. The brand had an impressive spring season, both in terms of revenue performance and brand heat. Teva was featured in the New York Times as well as an article in Vogue that gave Teva the honor of being called "shoe of summer", congrats to the Teva team on a Great Spring Season.
Looking to fall, We are encouraged to see the Ember franchise and corresponding marketing campaign has continued to be an acquisition vehicle for the brand, driving a nearly 50% increase in search interest according to Google trends. Global sales in the second quarter were $11 million, most of the decline versus last year is attributable to the weakness in the Yoga Sling franchise.
As noted during our Q1earnings call we've made the strategic decision to exit the warehouse channel to focus on healthier full price channels. We expect sales volumes will continue to decline for the balance of FY '20 but remain focused on exploring healthier avenues for brand distribution as we work to reposition it in the marketplace.
All of Deckers Brands and marketing teams are making great strides on building compelling product with targeted and diverse consumers in mind in conjunction with a strategic global marketing plan that enabled increased investments. Our brand, strong PR in addition to focus digital marketing efforts would drove first half performance and I look forward to additional progress in that front.
Moving to channel performance in the second quarter, global wholesale increased by 9% versus the prior year, driven primarily by domestic expansion in UGG, HOKA and Koolaburra as well as international expansion of HOKA and Teva. Gains in HOKA and Teva internationally have mostly been driven by the strength of our Asia-Pacific region.
In aggregate, international wholesale was slightly down versus the prior year due to the UGG reset in EMEA as well as negative pressure from foreign currency exchange rates. From a direct consumer perspective, comparable sales increased 7% versus the prior year with total DTC sales up 5% versus the second quarter last year.
E-commerce continues to drive gains in the DTC channel which has been led by the strength of UGG and HOKA. The HOKA brands gains in DTC are shifting the channel mix dynamics for the brand which is leading to an improved gross margin profile. While largely sale in quarter, our second quarter performance was solid but the Deckers team remains focused on delivering our largest third quarter ever. I'm confident that with the recent momentum of the business, we are well positioned for the back half of the year.
I'll now hand the call over to Steve to provide more details on our second quarter financial performance, as well as outlook for the third quarter in our full fiscal year. Steve?
Steven J. Fasching -- Chief Financial Officer
Thanks Dave, and good afternoon everyone. As Dave just mentioned, we have tremendous momentum in the business and have delivered a record second quarter. This quarter is yet another example of the progress we have made in growing our brands while at the same time, delivering improved levels of profitability. And now I will walk you through some of the elements of the quarter.
Revenue was $542 million, up 8% versus last year and above the high end of our guidance range of $515 million to $525 million of the better than expected performance approximately $10 million was driven by the HOKA brand with exceptional results both in wholesale and direct to consumer channels with the balance of the be driven by earlier domestic wholesale shipments for the UGG brand. Overall, gross margins were up 20 basis points over last year to 50.4% this result was an improvement of our implied guidance with the main drivers of the variance to expectation coming from savings from the utilization of less expensive freight options, an improvement from higher gross margin rates on closeout sales and the favorable mix with the HOKA brand increasing its penetration to the total company beyond what we had anticipated, including incremental growth in e-commerce. These partially offset by channel mix as wholesale grew faster than DTC.
In terms of SG&A expense, our dollar spend was up 8.9% to $175.9 compared to last year's GAAP spend of $161.5 million and up 9.1%, compared to last year's non-GAAP spend of $161.2 million. Spend was aligned with how we guided the quarter. This increase versus last year was driven primarily by incremental marketing investments that have been put in place to drive awareness around the HOKA brand, UGG men's product as well as the extended UGG women's offerings.
This all resulted in earnings per share of $2.71 compared to last year's GAAP earnings per share of $2.48, last year's non-GAAP earnings per share of $2.38 and the high end of our guidance range of $2.15 to $2.25. The $0.46 beat to the high end of our guidance came from $0.15 of increased HOKA performance, $0.15 of favorable gross margins including savings in freight and a higher margin rate achieved on closeout sales, $0.10 from earlier domestic wholesale shipments from the UGG brand, $0.03 from reduced share count related to the repurchase of shares in the second quarter and $0.03 from a lower tax rate for the second quarter due to timing of discrete tax entries, partially offset by the reduced interest income.
During the quarter, we repurchased approximately 1.1 million shares of the company's common stock at an average price of $145.31 for a total of 155 million. As of September 30th, 2019, $160 million remains available under our share repurchase authorization. Our balance sheet at September 30th remains strong as cash and equivalence were $178 million down 2% from $182 million at September 30th of last year which includes repurchasing $155 million worth of shares during the second quarter. Inventory was up 8.5% to $559 million from $515 million at the same time last year. And we had 14 million in short-term borrowings under our credit line as compared to $71 million last year.
Before moving on to our updated guidance, I'd like to reiterate the performance achieved in the first half of fiscal 2020 as compared to the first half of last year. Our portfolio of brands delivered $819 million in revenue, representing a 9% increase versus prior year driven by a disciplined approach to driving our key initiatives. Strong gross margins of 49.2% were achieved an increase of 46 basis points and even with the strategic reinvestment we experienced SG&A leverage with operating expense decreasing as a percentage of revenue. All of this, leading to a 27% increase in operating income for the first half of the year and then nearly 50% increase in earnings per share versus the first half of last year.
Now moving on to our outlook. For the third quarter of fiscal 2020, we expect revenue to be in the range of $885 million to $900 million which anticipates growth in the range of 1% to 3% this is on top of the strong increase that we experienced in the third quarter of last year. To provide some additional color on the brand elements, we expect UGG to be roughly flat as the domestic strength will be largely offset by international pressures. Strong growth with both the HOKA and Koolaburra brands, a year-over-year decline in the Teva EMEA business which will be offset with growth in Q4 due to the timing of the distributor orders, and lower sales in Sanuk. With this, resulting in earnings per share to be in the range of $6.30 to $6.40.
Within our third quarter guidance, we expect global wholesale reorders for the UGG brand to equal cancellations and we are expecting an increase of promotional activity as compared to the prior two years.
For fiscal year 2020, we are updating our financial guidance. We are increasing sales from our prior range of $2.1 billion to $2.125 billion to now be in the range of $2.115 billion to $2.14 billion an increase of $15 million.
This increase in guidance reflects the strength and the momentum that we continue to see in the HOKA brand with the raise related to the second quarter performance as well as a lift on the balance of the year for the brand. Our expectations for the HOKA have continued to climb, well beyond our original outlook for the year. But it is important to keep in mind that with this increase our near-term ability to chase further incremental revenue for HOKA is limited due to timing of inbound inventory.
As we have pivoted into the peak selling season for the UGG brand, our full year outlook for UGG remains consistent with our original guidance for fiscal 2020, at flat to low single-digit revenue growth. As previously mentioned, our outlook assumes a higher level of promotional activity as compared to last year and remains unchanged for the back half of the year.
To summarize our updated outlook for the full year at a brand level is as follows, UGG revenue expectations remain flat to up low-single digits. HOKA is now expected to be up in the mid to high 40% range, Teva is still expected to be approximately flat inclusive of the EMEA distributor channel shift, Sanuk is expected to be down in the 30% range and Koolaburra is still expected to grow in the mid 50% range.
Turning to the remainder of the P&L, gross margins are expected to be approximately 50.8% SG&A as a percent of sales are anticipated to be slightly lower than 36%, operating margins are now expected to be approximately 15% and we are raising our expected earnings per share to be in the range of $8.90 to $9.05 on a newly updated share count of approximately 28.7 million shares with a full year tax rate of 20.5%.
The roughly $0.45 raise in earnings per share is being driven by increases of $0.20 from higher HOKA brand sales including the second quarter beat and raised expectations for the back half of the year, $0.20 related to the second quarter share repurchase and $0.15 from favorable second quarter gross margins. These partially offset by $0.10 of additional expense added in the second half as we continue to shift our expense profile from fixed to variable spend allowing us to reinvest in our key initiatives and support our increased full year revenue outlook.
Our guidance for the third quarter and fiscal year 2020 excludes any potential non-GAAP charges as well as the effect of any future share repurchase. Additionally, we believe that we have been able to mitigate any material impact from tariffs in the current fiscal year 2020. On that topic we are continuing to assess the impact of tariff policy decisions going forward. As there still a lot of factors to work through, we are not yet providing an estimate on the impact beyond fiscal year 2020.
We are evaluating options that can potentially offset these increased costs including considerations of pricing power within our brands as well as continuing conversations with our suppliers who are willing to work with us. As a reminder, we have stated that less than 20% of our current global production is created in China and shipped to the United States. During this period, we also provide an update on our sheepskin pricing. We continue to see stable prices in the sheepskin market and we expect no change in the sheepskin costs for fiscal 2021. This does not constitute our gross margin guidance for next year as our sheepskin costs are only one component of our gross margins.
With our strong first half results behind us, we remain confident in delivering the expectations outlined for the balance of the fiscal year. Our full year guidance implies second half revenue growth of 2% to 4% versus last year, this is on top of the 5% growth achieved in the second half of fiscal 2019.
To summarize our full year guidance, we are now projecting top line growth in the range of 5% to 6% with the intention of delivering a 15% operating margin. To achieve this the Deckers organization is focused on executing our strategies in the upcoming peak holiday season. And while there is work ahead of us, I would like to thank the team for their continued dedication and energy put into our brands every day.
With that, I'll now turn it back to Dave for his closing remarks.
David Powers -- Chief Executive Officer, President and Director
Thank you, Steve. As I look back in the first half of this year, I'm encouraged by the progress we've made on our key initiatives. This includes investing in marketing to drive brand heat and awareness in HOKA UGG Men's and UGG Women's noncore, building our technology tools and talent base to advance analytical capabilities and drive efficiencies and how we connect with consumers, both existing and acquired and using innovation to develop incremental opportunities that can add value to our brand portfolio.
I would like to thank all of the Deckers employees across the globe for their continued devotion to delivering strong results through the execution of our strategies.
But before I turn the call over to Q&A as you may have seen in our earnings press release earlier this afternoon, Mike Devine has been appointed to the role of Chairman of the Board. Mike has been on the Board for the past eight years and assumes the role from John Gibbons. I look forward to working with Mike in this capacity.
John will remain on the Board and I would like to thank him for his leadership as Chairman. The past few years have been transformational for Deckers and John has been a great partner in this journey. Jones' insight and expertise has been instrumental in our progress and I am extremely grateful for his contributions to the Deckers organization.
And as always, I would like to thank all of our stakeholders for their continued support. I'm excited about the opportunities in front of us and the direction our organization is headed.
With that, we will now open the call to Q&A. Operator?
Questions and Answers:
Operator
Thank you. We will now begin the question-and-answer session. [Operator Instructions] The first question today comes from Jonathan Komp of Baird. Please go ahead.
Jonathan Komp -- Robert W. Baird -- Analyst
Thank you. I want to maybe start with the UGG brand and I am curious to hear a little more color, what you're seeing in the marketplace, I know you called out some earlier deliveries. I'm curious, maybe what drove that. And then as you look to the third quarter, just given how favorable conditions were last year. Any updated thoughts on what you expect over the next few months as cycle some of that favorability?
David Powers -- Chief Executive Officer, President and Director
Jon, this is Dave. The early deliveries were just opportunistic. Couple of our accounts were open to receiving some inventory a little bit earlier and we took advantage of that. But the setup for the quarter looks good. As you know, we've been working particularly in North America to really clean up the channel going into the season, coming out of a strong last year the inventory is very clean the accounts are set up. We've had a little bit of a warm start in the season but the sell-throughs are still going to wholesale and I think we're poised with the diversification efforts in the segmentation and allocation plans for a good quarter.
Obviously, as you heard there some softness still in the European market. A lot of that is by design with the segmentation and allocation strategy in the market reset coming out of the UK there but still some macro headwinds with Brexit going on in the malaise of the UK consumer, but all in all, I think the way that we have been focusing on a younger consumer, diversifying the product offering, managing the marketplace very tightly, working with our key wholesale partners and going into the back half of the year with increased marketing investment, we feel we're in a solid position.
Steven J. Fasching -- Chief Financial Officer
This is Steve. John. Just to add on that as we look at the UGG domestic wholesale business, it's good channel for us. It is relatively clean which is why our customers want product and we have an ability to ship on products, so we'll take advantage of that. As Dave said, international will be down as we reset Europe but other than that all the signs are good at this point and the product is resonating.
David Powers -- Chief Executive Officer, President and Director
We are hearing of some softness in the channel at a macro level. Obviously there is some news out there about top line softness and some of the wholesale partners managing tightly with their inventory. But as far as our brands that are particularly with UGG, Koolaburra and HOKA. We're still seeing healthy demand and good positioning.
Jonathan Komp -- Robert W. Baird -- Analyst
That's encouraging to hear. Maybe one on HOKA then just given that when I look over, even though the trailing 12 month basis, I think you've added about $100 million of revenue to the brand which is quite impressive. I'm just wondering as you breaking through to the next phase of growth, any updated thoughts on the team and the infrastructure and kind of the level of investment in place to support the growth, maybe longer term as some of the inventory constraints to become less so?
Steven J. Fasching -- Chief Financial Officer
I think one of the beauties of Deckers and platform that we've been working on over the last few years to really improve our capabilities across the board is to be able to support the growth in the hyper growth of the HOKA brand and obviously with the margin profile of that brand, the efficiencies we've created across the organization, we're well positioned to continue to invest not only just in marketing dollar but innovation design, sourcing of that brand and for the distribution globally. So it's exceeding our expectations. We're in a little bit of chase mode on inventory, but we're in good shape to be able to capture as a demand at this point.
We're planning for continued strong growth in that brand. And so you'll see as we guide the beginning going into FY '21 continued investment to be able to continue the growth of that brand and it's really a global opportunity. As you know, North America wholesale and DTC is very strong for that brand, but we're seeing tremendous growth still in Europe, Japan and we haven't really started going after China yet.
So very pleased very excited with the acceptance and the demand coming from the consumer. The innovation pipeline is still strong and the signs that will be coming out in the next 6 to 12 months we feel we'll continue that momentum and we're going to continue to invest in it.
David Powers -- Chief Executive Officer, President and Director
And great international opportunity.
Steven J. Fasching -- Chief Financial Officer
Yes.
David Powers -- Chief Executive Officer, President and Director
Continuing to see kind of that brand resonate on an international front and a lot more opportunity on that international front.
Jonathan Komp -- Robert W. Baird -- Analyst
Great. And maybe just last one if I could maybe a bigger picture for the organization, Steve or Dave. You're planning this to be the third year of mid single-digit top line growth and you've reset the operating margin back to 15% here, just any broader thoughts on you kind of the growth trajectory going forward for the company and any sort of kind of algorithm even at a high level to think about as a sustainable level?
Steven J. Fasching -- Chief Financial Officer
Yes. We worked hard to get to this point and I give the teams a lot of credit for their discipline while at the same time, we're really building strong healthy brands across our global marketplace and I think for us, there's no looking back we're continuing down this path. We think that we have some very meaningful and important brands for the consumer and our wholesale partners and we believe that we can continue this level of growth in mid-single digits and then 15% operating margin for the foreseeable future for sure.
Jonathan Komp -- Robert W. Baird -- Analyst
Okay. I appreciate all the color. Thank you.
Steven J. Fasching -- Chief Financial Officer
Thanks. Jon, Thanks.
Operator
The next question today comes from Jim Duffy with Stifel. Please go ahead.
Jim Duffy -- Stifel -- Analyst
Thanks. Good afternoon. Couple of questions from me. The first, I wanted to ask about the purposeful turn in the European business. Dave, can you give us some milepost to look for your progress with that. I know you've been through this before in the US market. When do you expect to come out the other side with the European business?
David Powers -- Chief Executive Officer, President and Director
As we said before, it's a multi-year strategy and we do have proof of concept with the strategy in North America, which took us 2 to 3 years to really get to the real strength of where we are now. So I would expect the same in Europe. This is really the first time that we have been pulling back on inventory with the allocation strategy and reducing the amount off price sales, part of what you're seeing in the takedown of the projection this year is the decision to not chase off price sales we're more focused on creating a healthy and long-term position for the UGG brand versus chasing a revenue number and I think that's the right thing to do.
The teams have been working very hard on the allocation strategy there and making sure that each account is differentiated point of view and going after the right consumer with the appropriate product. My sense is, we'll come out at the end of this year in a much better inventory position and cleaner marketplace and then we can really start the reset going into FY '21 footfall '20.
Jim Duffy -- Stifel -- Analyst
Great and Dave wanted to ask about the HOKA brand. You've had some good success with non-performance running styles, the hiking boot, Opana shoes, can you talk a little bit about opportunities you see beyond just the performance running category for the HOKA brand?
David Powers -- Chief Executive Officer, President and Director
The first thing I would say is all of the product is performance-based and they're all built for running as our core and running in hiking obviously is our core target. That being said, a lot of our styles are being adopted by a non-runner consumer both on the fashion side as you see some of the HOKA brand and kind of the top fashion boutiques across the globe which is very exciting. But I think more importantly the the the average consumer from an athletic standpoint, people are wearing HOKA, starting to run again or from our casual lifestyle perspective but the performance attributes of that ultra lightweight cushioned performance in that ride resonates with the casual consumer as well. And so I think you're starting to see a lot more consumers adopt it because they just love how it feels and hopefully some of those consumers are also getting back into running again at the same time.
Jim Duffy -- Stifel -- Analyst
Great, thank you.
David Powers -- Chief Executive Officer, President and Director
Yes.
Operator
The next question today comes from Sam Poser with Susquehanna. Please go ahead.
Sam Poser -- Susquehanna -- Analyst
Good afternoon and thanks for taking my questions. Could you give us the breakdown of where the where this expected incremental promotional activity is supposed to come from? Because I believe in Europe you have promotional last year. So can you just walk through that expectation, I guess both in Q3 and Q4?
Steven J. Fasching -- Chief Financial Officer
Sam, so we're expecting in our guidance increased level of promotion over last year. We think that will be wholesale with some of the retailers that we're working with so that's what we've embedded. We'll see how it plays out, right? The biggest part of our season is still ahead of us. We'll see how the consumer shows up. Early signs are good sell through, clear inventory. So it's a kind of a wait and see and we'll see kind of what happens but where it's mostly factored is kind of in wholesale with a little bit that you'll see in our DTC business.
David Powers -- Chief Executive Officer, President and Director
Yes and as you said Sam, we're not expecting to play into that to need to do that in the European business but we do have the ability to do that if necessary in North America wholesale and I think as we have discussed on the last call, if there is upside to the seasons is probably more on the margin side than the sales right.
Sam Poser -- Susquehanna -- Analyst
And could you give us some idea of what you expect the gross margin to be in the third quarter?
David Powers -- Chief Executive Officer, President and Director
So we're kind of implied in our guidance, it's roughly down about 90 basis points from last year.
Sam Poser -- Susquehanna -- Analyst
Got you. And then and then also are there expenses, I know you're switching this variable model, but are there expenses looking ahead that you sort of expect to fall away next year given some of the work you're doing in the international markets that should some of that probably money do maybe close more stores and so on so forth. Can you give us some idea there sort of just look at ahead?
Steven J. Fasching -- Chief Financial Officer
We haven't given anything out on '21. It's something clearly that we'll look at, I wouldn't right now factor in kind of anything from a significant expense reduction, a lot of the work that we're doing is kind of with the infrastructure that we have. So once we get back to growth, we will need infrastructure to support that growth. So there will be able to kind of use our existing infrastructure to lever growth as we return to growth on the International.
So from that standpoint again, we haven't given guidance on next year but I wouldn't expect a significant fall off. I think to the earlier question about how we look at our P&L profile looking at a 15% operating margin we're going to spend appropriately as we have now seen a lot of our gross margin efforts come through and then the shift to variable that we're talking about is really about how we invest more in marketing to drive the initiatives to build brand awareness around the things that we're doing so building awareness with HOKA, building awareness with men with UGG building awareness with spring-summer women's UGG as well. And when we look at that is still a lot of opportunity.
Sam Poser -- Susquehanna -- Analyst
Thank you. I have two last questions. One, what tax rate do you expect for the 3rd quarter? And lastly, could you give us the direct or the wholesale sales by brand so we don't have to wait for the queue. So it's easier to model everything going forward, please. Thank you.
David Powers -- Chief Executive Officer, President and Director
So the tax rate for Q3, we haven't given that but there is going to be some fluctuations between Q3 and Q4 but roughly, we're kind of modeling it like 21%-ish rate for Q3. And then I think your second question was just be -- sorry, it was the wholesale breakout for UGG in Q2?
Sam Poser -- Susquehanna -- Analyst
For the wholesale for the DTC breakout by brand for the second quarter that comes out in the queue, but it really would help us model everything, if you could give us one or the other and we can back into the other one.
Steven J. Fasching -- Chief Financial Officer
Yes. I can take that. So you want it in total wholesale?
Sam Poser -- Susquehanna -- Analyst
No, like UGG wholesale is this Teva wholesale was this, Sanuk sale was this and so on.
David Powers -- Chief Executive Officer, President and Director
Sure. Got you. So of the 542, 332 was UGG brand wholesale, roughly 51 million was HOKA brand wholesale, Teva with 17, Sanuk was 8 and Koolaburra was around 25.
Sam Poser -- Susquehanna -- Analyst
Thank you very much. Continue success.
David Powers -- Chief Executive Officer, President and Director
Thanks.
Operator
The next question today comes from Ross Licero with Telsey Advisory Group. Please go ahead.
Ross Licero -- Telsey Advisory Group -- Analyst
Thanks for taking my questions and congratulations on the quarter. Just had a question, we've been hearing a lot about sustainability in the market right now, can you talk about what you're doing for that and how your messaging it to the customer?
Steven J. Fasching -- Chief Financial Officer
That's it's a great question and I think if have been our Deckers website. I'll start there, couple of years ago we put out some sustainability goals we call 7 x 27 that have guided a lot of the activities around sustainability for Deckers but also each of our brands and over the last 3 to 6 months each of the brands is doing individual work to improve the way they operate across the planet, both in product and kind of operational periods as well. I can't get into all the specifics that are happening right now but there is work being done and you're going to see some more conversations happening in the marketplace with each of our brands around efforts they're making but it's probably best at a brand level versus the Deckers level to focus into that because there is unique approaches to this space based on the brand positioning and the relevancy in that marketplace and for the consumer,
But I am excited to say that is something that Deckers as an organization is taking seriously. We are standing behind it with our global 7 X 27 goals and within each of the brand and the work that they're doing and I think you'll see some continued evolution in the product that we're bringing to market on the short term.
Ross Licero -- Telsey Advisory Group -- Analyst
Okay, great, thanks. And on the men's side, you said the Men's boots were up double digits. But can we get a little more color on men's overall?
David Powers -- Chief Executive Officer, President and Director
Men's overall UGG? for Q2?
Ross Licero -- Telsey Advisory Group -- Analyst
Yes.
David Powers -- Chief Executive Officer, President and Director
So other than just men's is growing faster than the average overall so men's is up more than the average.
Ross Licero -- Telsey Advisory Group -- Analyst
Okay, great. thanks a lot.
David Powers -- Chief Executive Officer, President and Director
It's really focused on Q3. If you've seen our Neumel we kind of Neumel nation marketing campaign their efforts in the script very great, very positive response to that campaign. As we said that's driving interest of the brand and traffi, but the product is really a Q3 products, you should see the bigger impact of that business happening over the next couple of months, focused on the Neumel and winter boots.
Ross Licero -- Telsey Advisory Group -- Analyst
great, thanks.
Operator
The next question today comes from Paul Lejuez of Citi Research. Please go ahead.
Paul Lejuez -- Citi Research -- Analyst
Thanks guys. Can you talk about gross margin trends by channel? What was the most channels with the driver of the improvement this quarter when you look at each channel relative to itself. Also curious if you've seen a lot of fluctuations or inconsistency with the inconsistent weather out there and I guess I'm kind of curious how you would look at, what percent of your assortment, would you consider weather-dependent this year versus what percentage it was last year? Thanks guys.
David Powers -- Chief Executive Officer, President and Director
Let me walk you a little bit, maybe just through the margin walk rather than kind of breaking it out. So a year ago we were at 50.2, this year we're at the 50.4. So 20 basis point improvement. About 50 basis points of improvement through margin expansion. So that's just achieving better margin on product as we continue to work on those efforts. We had, as I mentioned, part of the driver of the increase in our margin was really kind of better full price selling so less promotion better margins on our close out that was about 80 basis points.
And then we have a take away really from FX about 70 basis points. The channel mix because we had more wholesale growth that was about a 20 basis take away. And then kind of miscellaneous other stuff, roughly 20 basis point. So that's kind of the lock on the year-on-year.
Paul Lejuez -- Citi Research -- Analyst
Yes and with the before price selling benefit in both channels there? Were you referring to both channels there?
David Powers -- Chief Executive Officer, President and Director
Yes, I mean you could where we're doing closeout out. So where we have reduced selling online was better as well as some of our traditional closeout through.
Steven J. Fasching -- Chief Financial Officer
And with regards to the weather question, for the UGG brand generally speaking, the whole brand is somewhat weather-dependent with the exception of probably slippers but what we've been doing over the last few years is to reduce our dependency on cold weather-related products. So for example we have reduced the reliance on core classic, we brought a lot more fashion boots into the assortment across men's and women's.
I think some of the diversified product that you've seen toward the younger consumer is a less weather-dependent diversifying into men's is less reliant on the core classic business. So we're used to be kind of a one-trick pony, which is at the core classic across all the channels, the diversification efforts, fashion ability of the brand, the diversification across new consumers has given us more fashion relevance and less weather-dependentcy across the board and I think that served well last year and it's only stronger this year and it gives us something that's going to continue to evolve.
So it's less certainly we're still dependent on the weather just like everybody else's but I think we're much more fashion relevant to the consumer now that is looking for product from just beyond kind of cold weather product.
Paul Lejuez -- Citi Research -- Analyst
So have you actually seen more consistency in the business, even though the weather has been inconsistent as a result of those strategies?
Steven J. Fasching -- Chief Financial Officer
I would say so.
David Powers -- Chief Executive Officer, President and Director
I would say we've seen improvements in other weather-dependent categories. Absolutely.
Paul Lejuez -- Citi Research -- Analyst
Got you. Thank you, guys, good luck.
Steven J. Fasching -- Chief Financial Officer
Thanks.
Operator
The next question today comes from Tom Nikic with Wells Fargo. Please go ahead.
Tom Nikic -- Wells Fargo -- Analyst
Good afternoon and thanks for taking my questions. Quick one on the gross margins, I think you said Q3 should be down 90-ish basis points which would mean that Q4 would be down quite a bit. Basically double that amount in basis points, is that just a function of the hard multi-year compares is it tariffs, any sort of color around that would be helpful.
David Powers -- Chief Executive Officer, President and Director
Sure. So you're right Tom. You've kind of got the numbers right. That is how we're looking at the back half of the year. It's a combination of the things that you mentioned. The big point will be the comparison that we have to last year. So we are assuming a higher promotional back half than what we saw last year. As you recall, last year was a pretty exceptional back half of the year, as we saw sell-through at full price incredibly strong, so not what we normally see which is kind of why we're taking a slightly more conservative approach as we look at the back half of this year but that will be the biggest component of the take-back, we'll see how the season plays out but we do have higher promotional environment factored into the back half. And then there is always a component of FX in there and then you'll have some impact potential with the tariff piece. So that's kind of how we're looking at it and we'll see how it plays out in terms of what the margin is but but you're right. And the biggest component of that will be our assumption around a more promotional environment than what we saw last year in the back half.
Tom Nikic -- Wells Fargo -- Analyst
That's helpful, thanks. Just a longer-term picture about HOKA. I think obviously it's one of the more interesting, a long-term growth stories in the footwear space, based on your guidance this year, it's going to get to something in the $300 million to $350 million range, Is there any sort of multi-year target, you can give some sort of potential revenue base for the brand that you could see in the next couple of years?
David Powers -- Chief Executive Officer, President and Director
This is Dave. We're not ready prepared to give that kind of guidance right now. I will say that we do think this has significant upside and the strength of the brand you're seeing now, we see that continuing going into FY '21 and beyond our sights are set above over the next 2 to 3 years, 500 million and beyond.
Tom Nikic -- Wells Fargo -- Analyst
Got it. And just a quick another one on HOKA, I know you're still early stages international there. Could you give us some sort of sense as to what the domestic versus international split is for the HOKA brand?
Steven J. Fasching -- Chief Financial Officer
Yes. it's still about 2/3 domestic, 1/3 international.
Tom Nikic -- Wells Fargo -- Analyst
All right, thanks very much.
David Powers -- Chief Executive Officer, President and Director
Okay. Thank you.
Operator
The next question comes from Janine Stichter of Jefferies. Please go ahead.
Janine Stichter -- Jefferies -- Analyst
Hi, good afternoon. Thanks for taking my question. Just one more on the gross margin, I think you called out less expensive freight is a driver as well, I just trying to understand what's going on there. I think last year it was a driver of gross margin that you didn't expect it to continue. And then I think you'd called out planning to use more expensive freight in the second quarter this year. So is there anything structural going on there with how you're looking at freight and how should we think about that continuing?
Steven J. Fasching -- Chief Financial Officer
I think the way we're looking at freight historically up to last year we used more air freight. I think we've gotten better at bringing product in, so that's help alleviate some of that need to bring in air freight. We have used a little bit more this year than we did last year as we're bringing inventory in where we see spikes in demand largely like HOKA.
So I think we are demonstrated by our margin improvement, we are better at how we're bringing product and we've been working with our factories doing better job level loading them, that's helping us bring inventory in. It's also helping us schedule a little bit better. It is also showing up as we bring inventory in a little bit earlier as well. So I think through a lot of the efforts and the margin improvements that we're achieving, we're kind of seeing that pay off.
So, we'll always use some air freight. We didn't use quite as much as what we had anticipated in our guidance in Q2. We did use some but not nearly to the extent that we thought we would and it's something that we'll continue to look at. So, to your question things have changed and improved. I think we're doing a slightly better job but there will always be cases where you're going to have to use some of it, especially when you have kind of hot product and a brand that's in demand like HOKA.
General cost of freight overall is not coming down.
Janine Stichter -- Jefferies -- Analyst
That's helpful. Thank you. And then just one question on the fluff franchise. It sounds like that's still growing nicely and a more than a year and now, can you talk about where that growth is coming from. Is it new accounts, is it deeper penetration in the accounts already in, and then how are you seeing the customer you acquire from that franchise as she buying other booth there how are you seeing her migrate outside of the Fluff in the fuzz?
David Powers -- Chief Executive Officer, President and Director
It's a great question and it's something that we're really excited about on a number of fronts. First is we are attracting a younger consumer and a large portion of that consumer is first-time purchases to our website. So it's serving as a vehicle for acquisition as well as driving the business for us in the short and long term.
So we're going to continue the diversification efforts still using key partners in those use accounts to reach that consumer but it really is across the board where it's worth performing at least in North America, that style isn't resonating as well in places like China and outside of the UK just yet but the demand for that product going into the back half of the year and into next year is very strong and we think this is a franchise that we can build on through continued diversification efforts and design and marketing and distribution efforts for quite some time.
Janine Stichter -- Jefferies -- Analyst
Great, thank you very much.
David Powers -- Chief Executive Officer, President and Director
Thank you.
Operator
The last question today comes from Mitch Kummetz of Pivotal Research. Please go ahead.
Mitch Kummetz -- Pivotal Research -- Analyst
Thanks for taking my questions. Steve, I was hoping you could reconcile a couple of pieces of the guidance for me, I think you said for Q3 UGG's flat but I think you said that US would be up and then I know you also said that UGG reorders equal cancellation. So I know last year that was a net positive, including the US. So I'm trying to understand how if the reorder or cancellations side of its worse but domestic I still is the difference that you expect DTC to grow a lot or that the order book going into Q3 is a lot stronger than a year ago. I'm just trying to understand how you get there.
Steven J. Fasching -- Chief Financial Officer
Yes the piece, I think that you might be missing is the UGG international wholesale is down and that's driven by the reset that we're talking about in Europe as well as a currency impact on our international business.
Mitch Kummetz -- Pivotal Research -- Analyst
I get the international, I mean, specific to the US because you expect US to be up, but I would think that in the US the reorder cancellation piece you're expecting worse than a year ago. So it seems like the difference with NBTC or the order book and I don't know if that's the case.
Steven J. Fasching -- Chief Financial Officer
Yeah, it's, we are up, it's a small number.
Mitch Kummetz -- Pivotal Research -- Analyst
Okay. And then also for Q3 you're saying gross margin now down 90 bps, I know you're expecting more promotions this year than last, can you say how much of the down 90 is specific to the promotions. I mean is it like down 100 or down 200 in the promotions and there is puts and takes elsewhere that gets you to 90. Just trying to understand how much your, yes.
Steven J. Fasching -- Chief Financial Officer
You nailed it. So the promotion is down more than the total because we have some positive offsets.
Mitch Kummetz -- Pivotal Research -- Analyst
Okay. And then I guess maybe just one last one since I am last in the queue, when you're given the numbers to Sam, it plays in my model and it looks like UGG DTC was down roughly 5% in the quarter, is that just all about the reduction in store comp? Is there any way you can speak to kind of at the comp performance of UGG, DTC was that up in the quarter?
Steven J. Fasching -- Chief Financial Officer
So DTC on the 542 was, call it $99 million. A year ago we did just under $94 million. So the total DTC was up, now that will be all brands.
Mitch Kummetz -- Pivotal Research -- Analyst
And a lot of that was HOKA. I mean HOKA e-commerce was up huge. I think Hoka DTC it looks like just by the numbers you gave was up like 100% I was trying to understand what the UGG DTC did in the quarter. If you get that specific, maybe not.
Steven J. Fasching -- Chief Financial Officer
You'll see it on the queue when it comes out, but the UGG DTC was down and the down will be some fewer retails as well as more challenge in retail.
Mitch Kummetz -- Pivotal Research -- Analyst
Okay. All right, thanks for your help. Good luck.
Steven J. Fasching -- Chief Financial Officer
Okay.
Operator
[Operator Closing Remarks]
Duration: 58 minutes
Call participants:
Erinn Kohler -- Director of Investor Relations and Corporate Planning
David Powers -- Chief Executive Officer, President and Director
Steven J. Fasching -- Chief Financial Officer
Jonathan Komp -- Robert W. Baird -- Analyst
Jim Duffy -- Stifel -- Analyst
Sam Poser -- Susquehanna -- Analyst
Ross Licero -- Telsey Advisory Group -- Analyst
Paul Lejuez -- Citi Research -- Analyst
Tom Nikic -- Wells Fargo -- Analyst
Janine Stichter -- Jefferies -- Analyst
Mitch Kummetz -- Pivotal Research -- Analyst
More DECK analysis
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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 Corp (NYSE: DECK) Q2 2020 Earnings Call Oct 24, 2019, 4:30 p.m. Welcome to the Deckers Brands' Second Quarter Fiscal 2020 Earnings Conference Call. The Deckers team has delivered yet another strong quarter.
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Operator [Operator Closing Remarks] Duration: 58 minutes Call participants: Erinn Kohler -- Director of Investor Relations and Corporate Planning David Powers -- Chief Executive Officer, President and Director Steven J. Fasching -- Chief Financial Officer Jonathan Komp -- Robert W. Baird -- Analyst Jim Duffy -- Stifel -- Analyst Sam Poser -- Susquehanna -- Analyst Ross Licero -- Telsey Advisory Group -- Analyst Paul Lejuez -- Citi Research -- Analyst Tom Nikic -- Wells Fargo -- Analyst Janine Stichter -- Jefferies -- Analyst Mitch Kummetz -- Pivotal Research -- Analyst More DECK analysis All earnings call transcripts 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q2 2020 Earnings Call Oct 24, 2019, 4:30 p.m. Welcome to the Deckers Brands' Second Quarter Fiscal 2020 Earnings Conference Call.
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Steven J. Fasching -- Chief Financial Officer I think one of the beauties of Deckers and platform that we've been working on over the last few years to really improve our capabilities across the board is to be able to support the growth in the hyper growth of the HOKA brand and obviously with the margin profile of that brand, the efficiencies we've created across the organization, we're well positioned to continue to invest not only just in marketing dollar but innovation design, sourcing of that brand and for the distribution globally. Operator [Operator Closing Remarks] Duration: 58 minutes Call participants: Erinn Kohler -- Director of Investor Relations and Corporate Planning David Powers -- Chief Executive Officer, President and Director Steven J. Fasching -- Chief Financial Officer Jonathan Komp -- Robert W. Baird -- Analyst Jim Duffy -- Stifel -- Analyst Sam Poser -- Susquehanna -- Analyst Ross Licero -- Telsey Advisory Group -- Analyst Paul Lejuez -- Citi Research -- Analyst Tom Nikic -- Wells Fargo -- Analyst Janine Stichter -- Jefferies -- Analyst Mitch Kummetz -- Pivotal Research -- Analyst More DECK analysis All earnings call transcripts 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q2 2020 Earnings Call Oct 24, 2019, 4:30 p.m.
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Operator [Operator Closing Remarks] Duration: 58 minutes Call participants: Erinn Kohler -- Director of Investor Relations and Corporate Planning David Powers -- Chief Executive Officer, President and Director Steven J. Fasching -- Chief Financial Officer Jonathan Komp -- Robert W. Baird -- Analyst Jim Duffy -- Stifel -- Analyst Sam Poser -- Susquehanna -- Analyst Ross Licero -- Telsey Advisory Group -- Analyst Paul Lejuez -- Citi Research -- Analyst Tom Nikic -- Wells Fargo -- Analyst Janine Stichter -- Jefferies -- Analyst Mitch Kummetz -- Pivotal Research -- Analyst More DECK analysis All earnings call transcripts 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q2 2020 Earnings Call Oct 24, 2019, 4:30 p.m. Welcome to the Deckers Brands' Second Quarter Fiscal 2020 Earnings Conference Call.
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724176.0
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2019-10-24 00:00:00 UTC
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Deckers Outdoor Corp Q2 20 Earnings Conference Call At 4:30 PM ET
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-q2-20-earnings-conference-call-at-4%3A30-pm-et-2019-10-24
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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on October 24, 2019, to discuss Q2 20 earnings results.
To access the live webcast, log on to www.deckers.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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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on October 24, 2019, to discuss Q2 20 earnings results. To access the live webcast, log on to www.deckers.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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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on October 24, 2019, to discuss Q2 20 earnings results. To access the live webcast, log on to www.deckers.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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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on October 24, 2019, to discuss Q2 20 earnings results. To access the live webcast, log on to www.deckers.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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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on October 24, 2019, to discuss Q2 20 earnings results. To access the live webcast, log on to www.deckers.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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9286ddac-5f04-45e6-a336-df128437db0f
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724177.0
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2019-10-24 00:00:00 UTC
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EARNINGS SUMMARY: Details of Deckers Outdoor Corp Q2 Earnings Report
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DECK
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https://www.nasdaq.com/articles/earnings-summary%3A-details-of-deckers-outdoor-corp-q2-earnings-report-2019-10-24
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(RTTNews) - Deckers Outdoor Corp (DECK) announced a profit for its second quarter that advanced from the same period last year.
The company's bottom line totaled $77.81 million, or $2.71 per share. This compares with $74.37 million, or $2.48 per share, in last year's second quarter.
Analysts had expected the company to earn $2.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 8.0% to $542.21 million from $501.91 million last year.
Deckers Outdoor Corp earnings at a glance:
-Earnings (Q2): . vs. $71.51 Mln. last year. -Analysts Estimate: $2.33 -Revenue (Q2): $542.21 Mln vs. $501.91 Mln last year.
-Guidance: Next quarter EPS guidance: $6.30 to $6.40 Next quarter revenue guidance: $885 - $900 Mln Full year EPS guidance: $8.90 to $9.05 Full year revenue guidance: $2.115 - $2.140 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 its second quarter that advanced from the same period last year. Deckers Outdoor Corp earnings at a glance: -Earnings (Q2): . Analysts had expected the company to earn $2.33 per share, according to figures compiled by Thomson Reuters.
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Deckers Outdoor Corp earnings at a glance: -Earnings (Q2): . (RTTNews) - Deckers Outdoor Corp (DECK) announced a profit for its second quarter that advanced from the same period last year. -Analysts Estimate: $2.33 -Revenue (Q2): $542.21 Mln vs. $501.91 Mln last year.
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(RTTNews) - Deckers Outdoor Corp (DECK) announced a profit for its second quarter that advanced from the same period last year. Deckers Outdoor Corp earnings at a glance: -Earnings (Q2): . The company's revenue for the quarter rose 8.0% to $542.21 million from $501.91 million last year.
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Deckers Outdoor Corp earnings at a glance: -Earnings (Q2): . (RTTNews) - Deckers Outdoor Corp (DECK) announced a profit for its second quarter that advanced from the same period last year. The company's revenue for the quarter rose 8.0% to $542.21 million from $501.91 million last year.
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724178.0
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2019-09-30 00:00:00 UTC
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DECK Crosses Above Key Moving Average Level
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DECK
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https://www.nasdaq.com/articles/deck-crosses-above-key-moving-average-level-2019-09-30
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In trading on Monday, shares of Deckers Outdoor Corp. (Symbol: DECK) crossed above their 200 day moving average of $147.21, changing hands as high as $149.12 per share. Deckers Outdoor Corp. shares are currently trading up about 3% 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 $101.69 per share, with $180.755 as the 52 week high point — that compares with a last trade of $147.72.
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 Monday, shares of Deckers Outdoor Corp. (Symbol: DECK) crossed above their 200 day moving average of $147.21, changing hands as high as $149.12 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 $101.69 per share, with $180.755 as the 52 week high point — that compares with a last trade of $147.72. Deckers Outdoor Corp. shares are currently trading up about 3% on the day.
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In trading on Monday, shares of Deckers Outdoor Corp. (Symbol: DECK) crossed above their 200 day moving average of $147.21, changing hands as high as $149.12 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 $101.69 per share, with $180.755 as the 52 week high point — that compares with a last trade of $147.72. Deckers Outdoor Corp. shares are currently trading up about 3% on the day.
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In trading on Monday, shares of Deckers Outdoor Corp. (Symbol: DECK) crossed above their 200 day moving average of $147.21, changing hands as high as $149.12 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 $101.69 per share, with $180.755 as the 52 week high point — that compares with a last trade of $147.72. Deckers Outdoor Corp. shares are currently trading up about 3% on the day.
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In trading on Monday, shares of Deckers Outdoor Corp. (Symbol: DECK) crossed above their 200 day moving average of $147.21, changing hands as high as $149.12 per share. Deckers Outdoor Corp. shares are currently trading up about 3% 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 $101.69 per share, with $180.755 as the 52 week high point — that compares with a last trade of $147.72.
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5c46f757-3064-4cc9-bbf6-8316df2a43f3
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724179.0
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2019-08-09 00:00:00 UTC
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See How Deckers Outdoor Corp. Ranks Among Analysts' Top Picks With Strong Buyback Activity
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DECK
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https://www.nasdaq.com/articles/see-how-deckers-outdoor-corp.-ranks-among-analysts-top-picks-with-strong-buyback-activity
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A study of analyst recommendations at the major brokerages shows that Deckers Outdoor Corp. (Symbol: DECK) is the #70 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period. In forming the rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the list of stocks with strong buyback activity was ranked according to those averages.
DECK operates in the Textiles & Apparel sector, among companies like Nike (NKE) which is off about 1.4% today, and VF Corp. (VFC) trading lower by about 1.3%. Below is a three month price history chart comparing the stock performance of DECK, versus NKE and VFC.
DECK is currently trading down about 0.9% midday Friday.
Top Analyst Picks With Strong Stock Buyback Activity »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DECK operates in the Textiles & Apparel sector, among companies like Nike (NKE) which is off about 1.4% today, and VF Corp. (VFC) trading lower by about 1.3%. Below is a three month price history chart comparing the stock performance of DECK, versus NKE and VFC. A study of analyst recommendations at the major brokerages shows that Deckers Outdoor Corp. (Symbol: DECK) is the #70 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity.
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A study of analyst recommendations at the major brokerages shows that Deckers Outdoor Corp. (Symbol: DECK) is the #70 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. DECK operates in the Textiles & Apparel sector, among companies like Nike (NKE) which is off about 1.4% today, and VF Corp. (VFC) trading lower by about 1.3%. Below is a three month price history chart comparing the stock performance of DECK, versus NKE and VFC.
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A study of analyst recommendations at the major brokerages shows that Deckers Outdoor Corp. (Symbol: DECK) is the #70 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. DECK operates in the Textiles & Apparel sector, among companies like Nike (NKE) which is off about 1.4% today, and VF Corp. (VFC) trading lower by about 1.3%. Below is a three month price history chart comparing the stock performance of DECK, versus NKE and VFC.
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A study of analyst recommendations at the major brokerages shows that Deckers Outdoor Corp. (Symbol: DECK) is the #70 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. DECK operates in the Textiles & Apparel sector, among companies like Nike (NKE) which is off about 1.4% today, and VF Corp. (VFC) trading lower by about 1.3%. Below is a three month price history chart comparing the stock performance of DECK, versus NKE and VFC.
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2019-07-31 00:00:00 UTC
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Notable ETF Outflow Detected - IWO, HQY, NSP, DECK
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https://www.nasdaq.com/articles/notable-etf-outflow-detected-iwo-hqy-nsp-deck-2019-07-31
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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 $30.8 million dollar outflow -- that's a 0.3% decrease week over week (from 45,900,000 to 45,750,000). Among the largest underlying components of IWO, in trading today HealthEquity Inc (Symbol: HQY) is up about 0.7%, Insperity Inc (Symbol: NSP) is up about 1.2%, and Deckers Outdoor Corp. (Symbol: DECK) is higher by about 0.9%. 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 $156.03 per share, with $220.82 as the 52 week high point — that compares with a last trade of $205.97. 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 HealthEquity Inc (Symbol: HQY) is up about 0.7%, Insperity Inc (Symbol: NSP) is up about 1.2%, and Deckers Outdoor Corp. (Symbol: DECK) is higher by about 0.9%. 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 $156.03 per share, with $220.82 as the 52 week high point — that compares with a last trade of $205.97. 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 HealthEquity Inc (Symbol: HQY) is up about 0.7%, Insperity Inc (Symbol: NSP) is up about 1.2%, and Deckers Outdoor Corp. (Symbol: DECK) is higher by about 0.9%. 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 $156.03 per share, with $220.82 as the 52 week high point — that compares with a last trade of $205.97. 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 HealthEquity Inc (Symbol: HQY) is up about 0.7%, Insperity Inc (Symbol: NSP) is up about 1.2%, and Deckers Outdoor Corp. (Symbol: DECK) is higher by about 0.9%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 2000 Growth ETF (Symbol: IWO) where we have detected an approximate $30.8 million dollar outflow -- that's a 0.3% decrease week over week (from 45,900,000 to 45,750,000). 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 $156.03 per share, with $220.82 as the 52 week high point — that compares with a last trade of $205.97.
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Among the largest underlying components of IWO, in trading today HealthEquity Inc (Symbol: HQY) is up about 0.7%, Insperity Inc (Symbol: NSP) is up about 1.2%, and Deckers Outdoor Corp. (Symbol: DECK) is higher by about 0.9%. 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 $156.03 per share, with $220.82 as the 52 week high point — that compares with a last trade of $205.97. 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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724181.0
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2019-07-26 00:00:00 UTC
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Consumer Sector Update for 07/26/2019: DECK,MHK,SBUX,BWA
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DECK
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https://www.nasdaq.com/articles/consumer-sector-update-for-07-26-2019%3A-deckmhksbuxbwa-2019-07-26
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Top Consumer Stocks
WMT +0.59%
MCD +0.53%
DIS +0.92%
CVS +0.24%
KO +2.06%
Consumer stocks were ending broadly higher, with shares of consumer staples companies in the S&P 500 climbing over 1.0% this afternoon while shares of consumer discretionary firms in the S&P 500 were climbing about 0.5%.
Among consumer stocks moving on news:
(-) Deckers Outdoor (DECK) retreated Friday, sinking over 10%, after the footwear company said it was expecting an adjusted Q2 profit and sales missing analyst estimates. It sees net income for the three months ending in September in a range of $2.15 to $2.25 per share, excluding one-time items and trailing the Capital IQ consensus by at least $0.26 per share. Sales are expected between $515 million to $525 million, also lagging the $540 million analyst mean.
In other sector news:
(+) Starbucks (SBUX) climbed 9.5% on Friday to an all-time high of $99.66 a share after the coffeehouse chain raised its outlook for FY19 earnings and sales and reported better-than-expected financial results for its fiscal Q3 ended June 30. Excluding one-time items, it earned $0.78 per share on $6.8 billion in sales compared with the Capital IQ consensus projecting a non-GAAP profit of $0.73 per share on $6.66 billion in sales.
(-) BorgWarner (BWA) fell over 3% after RBC Capital Markets lowered its investment rating on the auto-parts manufacturer to sector perform from outperform previously and also cut its price target on the company's shares by $3 to $41 apiece.
(-) Mohawk Industries (MHK) slid more than 18% on Friday after the flooring company projected non-GAAP net income for the current quarter ending Sept. 30 trailing Wall Street estimates. The company is expecting to earn between $2.58 to $2.68 per share during Q3, excluding one-time items, lagging the Capital IQ consensus by at least $0.37 per share.
The views and 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 consumer stocks moving on news: (-) Deckers Outdoor (DECK) retreated Friday, sinking over 10%, after the footwear company said it was expecting an adjusted Q2 profit and sales missing analyst estimates. In other sector news: (+) Starbucks (SBUX) climbed 9.5% on Friday to an all-time high of $99.66 a share after the coffeehouse chain raised its outlook for FY19 earnings and sales and reported better-than-expected financial results for its fiscal Q3 ended June 30. (-) BorgWarner (BWA) fell over 3% after RBC Capital Markets lowered its investment rating on the auto-parts manufacturer to sector perform from outperform previously and also cut its price target on the company's shares by $3 to $41 apiece.
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Among consumer stocks moving on news: (-) Deckers Outdoor (DECK) retreated Friday, sinking over 10%, after the footwear company said it was expecting an adjusted Q2 profit and sales missing analyst estimates. It sees net income for the three months ending in September in a range of $2.15 to $2.25 per share, excluding one-time items and trailing the Capital IQ consensus by at least $0.26 per share. Excluding one-time items, it earned $0.78 per share on $6.8 billion in sales compared with the Capital IQ consensus projecting a non-GAAP profit of $0.73 per share on $6.66 billion in sales.
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Among consumer stocks moving on news: (-) Deckers Outdoor (DECK) retreated Friday, sinking over 10%, after the footwear company said it was expecting an adjusted Q2 profit and sales missing analyst estimates. Consumer stocks were ending broadly higher, with shares of consumer staples companies in the S&P 500 climbing over 1.0% this afternoon while shares of consumer discretionary firms in the S&P 500 were climbing about 0.5%. Excluding one-time items, it earned $0.78 per share on $6.8 billion in sales compared with the Capital IQ consensus projecting a non-GAAP profit of $0.73 per share on $6.66 billion in sales.
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Among consumer stocks moving on news: (-) Deckers Outdoor (DECK) retreated Friday, sinking over 10%, after the footwear company said it was expecting an adjusted Q2 profit and sales missing analyst estimates. Consumer stocks were ending broadly higher, with shares of consumer staples companies in the S&P 500 climbing over 1.0% this afternoon while shares of consumer discretionary firms in the S&P 500 were climbing about 0.5%. It sees net income for the three months ending in September in a range of $2.15 to $2.25 per share, excluding one-time items and trailing the Capital IQ consensus by at least $0.26 per share.
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5edb4a30-55e1-4ede-8c60-88b86d5bd2f5
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724182.0
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2019-07-26 00:00:00 UTC
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Deckers Outdoor Corp (DECK) Q1 2020 Earnings Call Transcript
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-deck-q1-2020-earnings-call-transcript-2019-07-26
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Image source: The Motley Fool.
Deckers Outdoor Corp (NYSE: DECK)
Q1 2020 Earnings Call
Jul 25, 2019, 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 Year 2020 Earnings Conference Call. [Operator Instructions] I would like to remind everyone that today's conference call is being recorded.
I'd now like to turn the conference call over to Erinn Kohler, Senior Director, Investor Relations and Corporate Planning. Ma'am, you may begin.
Erinn Kohler -- Senior Director, Investor Relations & Corporate Planning
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 our anticipated financial performance, including, but not limited to, our projected revenue, margins, expenses, earnings per share, cost savings and operating profit improvement as well as statements regarding our strategies for our products and brands.
Forward-looking statements made on this call represent management's current expectations and are based on information available at the time of 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 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 and Director
Thanks, Erinn, and good afternoon, everyone. As shown by the first quarter results posted this afternoon, we are off to a solid start in fiscal year 2020. For the quarter, our portfolio of brands posted gains in revenue as well as earnings versus the prior year, with the most material contribution of top line growth coming from the HOKA ONE ONE brand, as new product launches paired with enhanced marketing activations continuing to build brand momentum.
In the first quarter of fiscal 2020, revenue was up 10% versus last year to $277 million. We delivered gross margin of 47% and a loss per share of $0.67. These results are above the high-end of the guidance that we provided for the quarter as we benefited from earlier delivery of wholesale and distributor shipments in the UGG brand and saw continued success in the HOKA brand, including the boost from the introduction of the Carbon X. The strike seen in the first quarter provides us with added confidence in achieving our increased fiscal 2020 guidance, which Steve will walk you through later in the call.
The results for the quarter are a testament to the work our teams are doing to strengthen our brands by bringing compelling product and experiences to our consumer. As I look at the industry, I see Deckers leading in innovation with two of the most exciting product launches this season in the HOKA Carbon X and the UGG Fluff franchise. We're making progress in reshaping our business and I believe our investments in marketing and innovation will continue to push our brands ahead of the competition. I'll now review the highlights from the quarter, starting with the fashion and lifestyle group.
UGG global sales in the first quarter were up 2% over last year to $139 million, driven by high-teens increase in domestic sales. The strength of our domestic business was fueled by both wholesale and DTC growth. As was planned, international sales were down versus last year, but we are in the early stages of marketplace reset in our EMEA region, as we better position our brands in the marketplace. As I think about the progress we are making, I'm excited that consumers are finding more to love in the UGG brands' spring and summer offerings. This year, we have seen US search interest rise by 50% over last year. In addition, UGG has also seen a significant increase in the key 18 to 34-year old demographic, where their number of online purchasers in the quarter grew by 86% versus the previous year. And aligned with our company's initiative around digital growth, UGG Rewards is starting to make a noticeable impact with nearly 40% of US e-commerce revenue being driven by loyalty customers.
From a revenue perspective, UGG gained a significant incremental dollar contribution from a newly introduced Fluff collection. Our marketing activations, including a partnership with Born This Way Foundation, helped drive excitement around the entire collection of Fluff product, which we feel is unique to UGG and true to the brands DNA. The Fluff collection is driving incredibly high sell-through rates as well as attracting new consumers to the brand. The collection has been praised by high-end publications and positively endorsed by a number of high profile celebrities. Importantly, brand attention is being gained in a seasonal period in which UGG has traditionally not been top of mind.
Partially offsetting the UGG brands Q1 performance was the soft start to the sandal season as a result of rainy conditions across much of the country early in the quarter. It is also important to note that our strategy of controlling marketplace supply of core product, which is designed to reduce the sales of core product during Q1 in order to drive sales of true spring and summer product also impacted the brands top line results. That said, we believe this is an important step toward building a more meaningful spring business for UGG.
I'm encouraged by domestic growth and the progress the brand is making toward a healthier mix of product. Just three years ago, more than half of products sold during our first quarter were autumn and winter boots. However, this year, we reduced the mix of boots to less than 40%. On top of that, UGG was once again a top 10 spring brand at Nordstrom capturing healthy growth versus the prior year and it's performing exceptionally well at Nordstrom's anniversary sale. This is further evidenced that UGG is able to address counter seasonal demand in the spring and summer time frame and remains focused on building traction and styles that are incremental to the core offering.
Turning to the Performance Lifestyle group, which is comprised of HOKA, Teva and Sanuk. Beginning with HOKA. The brands investments and product innovation as well as its story sharing philosophy are propelling the brand forward as evidenced by first quarter performance with revenue growth of 69% versus the prior year with equal strength both domestically and internationally, more than doubling new consumer acquisition versus the prior year and the Carbon X launch which drove nearly 800 million impressions globally and delivered strong sales online, 40% of which were first-time DTC purchasers. I'm incredibly proud of the collaborative effort to launch the Carbon X this last May. Carbon X was designed as a limited release that has exceeded sales expectations. Consumers are raving about the experience of the Carbon X as seen by overwhelmingly positive online product reviews. We feel the Carbon X launch event impressions drove serious momentum in brand awareness leading up to a key release in our Clifton franchise.
In June, the brand introduced Clifton 6, the most innovative update to one of HOKA's core franchises. Despite just one-month of availability in the marketplace, the Clifton 6 has driven very high sell-through rates and is ranked as the number one or two shoe of any brand in nearly all US wholesale specialty running accounts. This is a testament to the HOKA team's dedication to franchise management and ability to improve on a popular product through our commitment to innovation. In conjunction with these new product launches, HOKA continues to invest in building awareness. As a result, the brand recently entered a partnership with Lifetime Fitness, creating an authentic engagement opportunity with the potential to attract new consumers into the HOKA ecosystem. HOKA and Lifetime seek to empower people in all aspects of their health journey through numerous activations as showcase real and positive change regardless of size or scale.
Shifting to Teva. The brand outperformed our expectations by about $2 million, but declined by 4% versus last year due to the strategic decision to adjust the European wholesale model from direct to distributor. For the quarter, the brand experienced impressive growth in both the universal and hurricane franchises.
Moving to Sanuk. For the quarter, sales came in approximately $3 million below our expectations, primarily due to the softness in the Yoga Sling franchise. As we've done over the past two years, we continue to evaluate our distribution opportunities across our entire portfolio of brands. Aligned with the organization's commitment to strong brand management, we have made the strategic decision to exit the warehouse channel with our Sanuk brand, while this decision will have a negative impact on fiscal '20 revenue, it's the right move for the health of the brand. Moving forward, this provides a better environment for Sanuk to focus on other underpenetrated channels.
Moving to channel performance. The wholesale increased 11% over last year, driven primarily by the domestic expansion of UGG and HOKA. As a note, part of the increased wholesale volume was due to the timing of UGG shipments, which Steve will walk you through later in the call. In total, our domestic wholesale business grew by 15% versus prior year, despite this being the first time that we constrained selling of UGG core classic products during the first quarter. Aligned with this strategy, we worked with our wholesale customers to shift to use of open to buy dollars for true spring and summer products, while at the same time reducing the amount of closeouts year-over-year. Strength domestically was also driven by HOKA growth, as the brand gained market share in existing account and experienced increased volume in both the Clifton and Bondi franchises, benefiting from the additional brand attention due to the Carbon X launch in May.
Domestic wholesale strength was partially offset by softness in our international UGG business. As we have previously indicated, we continue to see headwinds on the international front for the brand, but are addressing with the learnings we've gained from the implemented distribution strategies in the US market. Our HOKA brand continues to gain momentum within international wholesale, as the brand is building important awareness during its early stages of growth outside the US. We are engaging in marketing activities that are impactful on a global scale, specifically, we're beginning to see the benefits of these marketing activations, including our Carbon X launch and HOKA's sponsorship of Ironman events in countries around the world.
From a DTC perspective, comparable sales increased 16% with total direct-to-consumer sales up 10% versus last year's first quarter. This was led by strong performance from our e-commerce channel where both UGG and HOKA contributed materially to the growth and exceeded our expectations. Similar to our wholesale channel, our domestic direct-to-consumer business was the primary driver of growth.
Overall, Deckers delivered another strong performance. Though it remains our smallest quarter, I'm proud of the progress we made to increase the size of our spring and summer business as we have grown our first quarter revenue by 32% over the past two years.
I'll now hand the call over to Steve to provide more details on our first quarter financial performance as well as outlook for the second quarter and full fiscal year.
Steven J. Fasching -- Chief Financial Officer
Thanks, Dave, and good afternoon, everyone. As Dave just mentioned, we are encouraged with our start to the year. And now I would like to take you through our first quarter financial results, then provide details on our outlook for the second quarter and updated full fiscal year 2020.
Please note that throughout this discussion, I refer to certain non-GAAP financial measures for comparable prior year results. Where I refer to these non-GAAP financial measures, I'm referring to results before taking into account non-recurring charges that our management believes are not core to our ongoing operating results. Also note, our non-GAAP results are not adjusted for constant currency with the exception of our direct-to-consumer comparable sales. While we did not have any non-GAAP financial adjustments for the first quarter of fiscal 2020, a reconciliation between our reported GAAP and non-GAAP results for the prior year can be found in our earnings release that is posted on our website under the Investors tab.
Now to our results. For the first quarter, revenue was $277 million, up 10% to last year and above our high guidance of $260 million. Compared to our guidance, approximately $7 million of the revenue upside was related to timing of UGG brand shipments. Approximately $3 million was from stronger UGG DTC performance and the majority of the remaining balance was driven by outperformance with the HOKA brand.
More specifically, UGG timing upside was from early shipment of wholesale orders globally that were originally anticipated for the second quarter. The stronger UGG DTC performance was driven by strong adoption of spring-summer styles led by our Fluff franchise. And the strength of our HOKA brand was driven by the Clifton 6 introduction and bolstered by the launch of Carbon X. As we look at the first quarter, we are very pleased to see success with these drivers of the business, as we continue to ship business to spring-summer quarters, not only through the diversification of the UGG offering, but also through the accelerated growth of the HOKA brand, which has a much more balanced distribution across all four quarters. In comparison to last year, the revenue increase was predominantly HOKA, which benefited from the new styles, such as the Carbon X and the newly redesigned Clifton 6.
Gross margins were up 109 basis points over last year to 47% and in line with expectation. The main drivers of the year-over-year increase were favorable mix of brand revenue, gross margin rate expansion, fewer closeout sales with gains partially offset by channel mix as well as currency headwinds. To provide more detail, the favorable mix of brand revenue and the gross margin rate expansion was driven by HOKA, which carries a higher gross margin than other brands in the first quarter due to seasonality. At the same time, it is experiencing successful full price selling of core product and offerings within our category extensions. Related to the improvements in closeouts, we have improved our distribution model and have become less reliant on closeout volume in the first quarter, primarily driven by the UGG brand as we have shifted our focus to selling more season appropriate styles in the period.
Moving to SG&A. Our dollar spend was $161.4 million, up 4.66% from last year's GAAP SG&A spend of $154.4 million and up 4.9% to last year's non-GAAP SG&A spend of $153.9 million. The increase in the prior year in SG&A was driven by incremental marketing spend of approximately $6 million. In comparison to implied guidance, we experienced savings in the first quarter largely coming from reduced marketing originally intended for the first quarter, as we saw opportunity to move this spend to later in the year with positive organic search trends tracking in the first quarter and favorable payroll costs, as we experienced deferred hiring of certain headcount.
During the quarter, we also received a tax refund. More specifically, we finalized a settlement related to prior years. As a result of this settlement and receiving the refund in the quarter, we recognized the full amount in Q1. While we expected to receive payment this year and our guidance for the year assume this, we were uncertain of the timing, and therefore, it was factored into the rate for the full year and spread across the year. This all resulted in a loss per share that came in at $0.67 compared to last year's GAAP loss of $1 and last year's non-GAAP loss of $0.98. This also compares to a guidance range of a loss of $1.25 to a loss of $1.15. The $0.48 beat to our high guidance of loss per share came from approximately $0.14 from the tax refund recorded in the quarter, $0.10 from earlier shipment of UGG wholesale orders, $0.10 from increased performance in the HOKA brand, $0.10 from operating expense savings driven by the delayed hiring as well as marketing spend that is now planned and moved later in the year and $0.05 from stronger UGG DTC performance. Our balance sheet at June 30 remains strong as cash and equivalents were $503 million, up from $418 million at June 30 of last year.
Inventory was up 9% to $473 million from $436 million at the same time last year and similar to last year, we had no material short-term borrowings under our credit lines. During the quarter, we repurchased 227,000 shares of the company's common stock at an average price of $154.36 for a total of $35 million. As of June 30, 2019, $315 million remains available under our share repurchase authorization.
Now moving on to our outlook. For the second quarter of fiscal 2020, we expect revenue to be in the range of $515 million to $525 million and earnings per share to be in the range of $2.15 to $2.25. When combined with our first quarter performance, this outlook provides a strong first half expectation for fiscal 2020, including revenue growth for the first half of roughly 5% to 6.5% when compared to the first half of fiscal 2019, and non-GAAP earnings-per-share growth in the range of $0.08 to $0.18, representing approximately 6% to 13% growth versus the first half of last year.
As we have now completed our US distribution center consolidation, I think it is important to note that we have planned for a more level loaded quarter end. As a result, we anticipate that some UGG product that has traditionally shipped in the final week of Q2 will now ship in Q3, as we ramp up our first year and we create more efficiencies with our distribution operations.
Now for our full fiscal year 2020, we are raising our guidance to account for the better than expected performance in Q1. The upside we are flowing through to the full year guidance equates to $0.20 in earnings per share. Our updated full year guidance includes: raising our revenue expectation to the range of $2.1 billion to $2.125 billion, with recognition that our outlook for the HOKA brand has been lifted, now assuming sales are growing in the high 30% range for the year, partially offset by reductions in the Sanuk domestic wholesale business related to the decision to eliminate distribution in the warehouse channel and upside in the UGG business that we saw in the Q1 is now projected to be offset by currency headwinds in the rest of the year.
Gross margins are expected to be approximately 50.5%, SG&A at or slightly better than 36%, as we defer a portion of our first quarter savings to marketing efforts and technology investments later in the year, all generating an operating margin of approximately 14.5%. Also based on an updated view on tax, we now expect our rate to be 20.5% for the full fiscal year. These updates, combined with the share repurchase executed in the first quarter, we are raising our earnings per share for the fiscal year 2020 now to be in the range of $8.40 to $8.60 on a share count of approximately 29.4 million shares. This $0.20 raise in earnings per share guidance for the full year has been driven by approximately $0.06 from the net impact of the revised revenue expectation driven by the full year increase in HOKA projections, partially offset by the strategic reset in Sanuk, $0.06 from operating expense savings from the first quarter, $0.05 from the better tax rate now reflecting an estimated 20.5% for the full year effective tax rate and $0.03 from the recent share repurchase activity in the first quarter.
Our guidance for the second quarter and fiscal year 2020 excludes any potential non-GAAP charges as well as the effect of any future share repurchase. Recognizing there have been recent movements in foreign currency exchange rates, we are partially hedged for our exposure in this fiscal year and our updated guidance incorporates the impact of our exposure on any unhedged amounts.
We believe that the year-over-year impact of foreign currency exchange rate fluctuation remains at approximately a 40 basis point headwind on our margins. On tariffs, we continue to monitor tariff policy decisions closely and still do not anticipate any financial impact related to the recently imposed tariffs. As a reminder, we have stated that less than 20% of our current global production is created in China and shipped to The United States. To further mitigate current risk of exposure to potential new tariffs on China imports, we have taken the opportunity to receive some inventory ahead of the normal cadence, which is partially contributing to the 9% increase in our total inventory balance at June 30, 2019, as compared to levels at the same point last year.
With that, I'll now turn it back to Dave for his closing remarks.
David Powers -- Chief Executive Officer, President and Director
Thanks, Steve. While our first quarter exceeded expectations, it remains the smallest period in our fiscal year and there's still heavy lifting ahead of us to meet our objectives for the year. That said, I'm excited about the progress we're continuing to make within the organization, as we reinvest in marketing tactics to drive brand heat and awareness, fueling growth within UGG men's, UGG women's non-core and the HOKA brand with increases in digital outreach, experiential marketing and event-driven spend. As we build on our technology and tools with added talent that will advance our analytical capabilities and create new ways to connect with consumers and develop incremental opportunities that can add value to our brand portfolio in the future.
Going forward, the organization remains dedicated to continuous innovation. Our design, development and innovation teams have been significant contributors in pushing the boundaries of product innovation for Deckers and we look forward to seeing continued enhancements in the near future. I'd like to thank all of our employees across the Deckers organization for their exceptional efforts in this past quarter and their continued commitment to the successful execution of our strategies.
With that, I'll turn the call back over to the operator for Q&A. Operator?
Questions and Answers:
Operator
[Operator Instructions] Our first question today comes from Jonathan Komp from Robert W. Baird. Please go ahead with your question.
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
Yeah, hi. Thank you. I wanted to ask about the strength you're seeing especially domestically with UGG given the strategy to deemphasize the classics and really focus on some new product categories that are working in the non-core periods? And Dave, when you look forward and kind of look at the success you're seeing with that strategy, does that at all change how you're viewing kind of the product strategy going forward and the seasons ahead? And anything you could talk to about kind of the next evolution and some of the core seasons as you'd continue to deemphasize the classics?
David Powers -- Chief Executive Officer, President and Director
Yeah. Thanks, Jonathan. That's a great question. And it's pretty exciting to see the momentum that the team is building in North America, particularly through all of our channels. And what's great about it is, we are driving the business through new introductions of spring and summer product and as you heard on the earnings script, the shift away from reliance on boots in the quarter and the growth coming from new product introductions in seasonally relevant product, such as the Fluff franchise, which is a massive success for us is we're learning a lot from that. It's also allowing us to reach new consumers and bringing new consumers and younger consumers into the brand, which is great because they traditionally come in through the classic and then they explore more of the brand, but we're seeing a large number of younger consumers coming directly to the brand for the first time, particularly in our DTC channels, purchasing that product that they were wearing in season. So it gives us a a lot of confidence that if we hit the right product design, coupled with the right social and PR strategy and marketing tactics that we can really move the needle in these categories and in the quarter. It also tells us that big ideas in product, something that is distinctly UGG in DNA and disruptive in the marketplace is a method for us to continue to drive success in new categories. So we had a fantastic meeting with the UGG product team yesterday and talked about the learnings from Fluff Yeah, and how we translate that into future seasons across different categories and also in the men's. And I think you're going to see more of these -- more sizable, meaningful launches. Fewer bigger launches is the approach for us going forward. But now that we have the attention of younger consumer and credibility in spring and summer, it gives us a lot of confidence going forward, and then we just need to employ the same strategy globally.
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
And are you willing to share any kind of thoughts on where that could go in terms of some of the new categories? I know for UGG, you've talked about the sneaker opportunity from time to time, but any additional thoughts there?
David Powers -- Chief Executive Officer, President and Director
Yeah, I've always been a fan -- we've always said the money is in the middle. So it's kind of new innovations that are probably crossovers or hybrids of two categories. So we'll have limited success and we can be successful in pure sneakers. But I think it's the mashup of sneakers and sandals, so you can provide the comfort with the UGG DNA. That's something that's unique that nobody else can do. I think that's where the strength of our brand is and we have quite a few products within that coming out of our innovation team and our design team. And I think that it's interesting this Fluff product is in our P&L it's classified as a slipper, but the consumer sees it as a sandal. And so I think that tells you that it has broader shoulders and it's very disrupted and interesting, and it's something that nobody else can do. And I think that's the formula going forward.
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
Yeah, great. And then just a follow-up Steve, on the guidance. Just to understand, sorry if I missed it. Did you update at all what you're expecting UGG to grow for the full year if there's any changes there? And then the new guidance for HOKA as well, is that just flowing through the first quarter upside and not really changing the balance of the year assumptions?
Steven J. Fasching -- Chief Financial Officer
Yeah, good question, John. We really aren't changing the UGG. So kind of positive low single digits is what the guidance is for the year related to the UGG brand. No change there. There is a significant change in HOKA. So I think before we were in the mid-20 range and we're now in the higher 30% range. So that's where you're seeing an uptake on HOKA, but it has been offset by the Sanuk take back, as we pulled out of that warehouse channel, but that's still an increase on the full year revenue number.
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
Okay. And HOKA just to understand, it looks like you're kind of around 30% or a little below for the balance of the year in terms of the implied growth after the big growth in the first quarter. So just curious if you changed your assumptions after the first quarter at all for HOKA?
David Powers -- Chief Executive Officer, President and Director
Yeah. So it is up a little bit, you're right. I mean this is -- we saw tremendous growth in the current quarter. That's the 59% that we're talking about so well ahead. As we get into later quarters and the year those are bigger historic quarters for HOKA. So that's why the growth rate will drop a little bit on a percentage terms.
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
Okay, got it. All right. Thank you very much.
David Powers -- Chief Executive Officer, President and Director
Okay. Thanks, Jon.
Operator
Our next question comes from Paul Lejuez from Citi. Please go ahead with your question.
Kelly Crago -- Citi -- Analyst
Hi. This is Kelly on for Paul. On the UGG US wholesale business, you're still seeing strong momentum there. Could you just shed some layer on how much of that growth over the last couple of years has been driven by expanded distribution in places like Macy's, Amazon versus organic growth in core wholesale accounts?
David Powers -- Chief Executive Officer, President and Director
Yeah. So Kelly, this is Dave. I think what you're seeing this quarter is very little increased distribution over last year. We spent the last three years or so in incubating new distribution such as Macy's, and Urban Outfitters, and Foot Locker, and a couple of smaller kind of boutiques in addition to the important department stores and we've actually closed more accounts than we've opened. So what we've been doing is consolidating distribution, elevating to the key players in the industry. And so the majority of the growth you're seeing now is increased door count within those channels or in -- within those stores or chains, I should say, sorry, but just better penetration and sell-through across the board. So we're seeing it both in wholesale with those accounts and also in our DTC channel.
Kelly Crago -- Citi -- Analyst
Great. And just on 2Q in particular, I know there was some timing shift around UGG, some of that benefiting the first quarter and I think you mentioned some shifting into the third quarter. So could you just provide a little bit more detail on where you're planning the UGG business in the second quarter?
Steven J. Fasching -- Chief Financial Officer
Sure, Kelly. So what we have is we'll have the UGG business compared to last year down just a little bit and that's really that shifting into Q3. So we did bring kind of $10 million forward into Q1 and then we'll have a little bit going out on the back end from Q2 and Q3. So that's the, call it, down kind of low single digits.
Kelly Crago -- Citi -- Analyst
Okay. And lastly just on the HOKA brand, just curious, the margin profile there, how does that compare to the company averaging? And are there any opportunities to expand margins there over time?
Steven J. Fasching -- Chief Financial Officer
Yeah. So the margins on HOKA, as we've kind of said, are very similar to UGG in the channel, so in wholesale similar channels, in DTC similar margins. So very strong margins. As we indicated on the prepared remarks, what's also helping drive some of the HOKA is less closeout that were seen and so we can continue to kind of drive that full price selling. It was a very clean quarter. So I don't know how much more upside there is kind of on the surface within channel. Clearly, there is upside as we drive more DTC business with the HOKA business. So from a channel mix, there's more opportunity as we make our DTC business with HOKA bigger.
Kelly Crago -- Citi -- Analyst
Great, thank you.
Operator
Our next question comes from Ross Licero from Telsey Advisory Group. Please go ahead with your question.
Ross Licero -- Telsey Advisory Group LLC -- Analyst
Thank you for taking my question. Can you give a little more color on the [Indecipherable] quarter how [Indecipherable] has performed?
David Powers -- Chief Executive Officer, President and Director
Yeah, help me out a little bit. What are you looking for in terms of?
Ross Licero -- Telsey Advisory Group LLC -- Analyst
I guess just trends from April, May, June, did they improve at all? And then just a follow-up on that, now that the weather has improved for sandals [Indecipherable] that reflects in sales?
David Powers -- Chief Executive Officer, President and Director
Yeah. I think interestingly, the months were pretty steady. They were strong from the get-go in the beginning of the quarter and HOKA was really ignited by the launch of the Carbon X and the PR and the press and the buzz that the brand got from that launch. And then when we've officially launched the Clifton 6, that maintained the momentum. So that's been pretty steady through the quarter. UGG was a little bit softer in the beginning due to some of the sandal challenges, but that was offset by the Fluff Yeah franchise and that's continued to be strong for the quarter. So they were pretty steady all along.
Steven J. Fasching -- Chief Financial Officer
Yeah, I would say on that just what we observed is kind of that normal cadence. We definitely see a pickup in the latter half of the quarter. I think as we saw kind of within the industry that there was some softness with the industry, I think we saw strength with UGG and a normal cadence within the quarter and a normal cadence of the business picking up kind of later in the quarter.
Ross Licero -- Telsey Advisory Group LLC -- Analyst
Okay, great. And then can you talk about how the men's business is doing for UGG and I guess how it's performing relative to your expectations?
David Powers -- Chief Executive Officer, President and Director
Yeah, the men's business is still small in Q4 and Q1 for that gender. The strength of men's where we're really seeing the growth is coming in, in Q2 and Q3 really driven by the Neumel franchise. So we had some good product launches in sneakers and shoes, but they weren't enough to really move the needle in men's. So we have work to do on opportunity, I would say for men's in that time of the year, and we had a good meeting on than yesterday and some of the learnings that we're taking from women's in the Fluff franchise and other categories and translating that into men's for spring and summer. But the real strength of men's where we're seeing the growth is definitely in fall, winter through the Neumel and winter boot category at this point.
Ross Licero -- Telsey Advisory Group LLC -- Analyst
Great. Thanks a lot.
David Powers -- Chief Executive Officer, President and Director
You bet.
Operator
Our next question comes from Sam Poser from Susquehanna. Please go ahead with your question.
Sam Poser -- Susquehanna International Group, LLP -- Analyst
Good afternoon. Thanks for taking my question. Can you give -- just can you give us the specifics on how much UGG -- sorry, for both UGG and HOKA wholesale and retail grew? I know it's coming out in the Q, but that would help us a lot. And then I got a couple other ones, too.
Steven J. Fasching -- Chief Financial Officer
Yeah. I think, Sam, on breaking out the channel UGG performance, we'll let that come out in the Q, but good -- I would say from the numbers that we've reflected, it's kind of clearly HOKA very strong wholesale performance globally. So it's not only North America business, very strong HOKA performance really across the globe. I think from a wholesale perspective on UGG, we saw strong performance domestically in the wholesale channel and internationally, kind of more to expectation. But that's on the international front, as we indicated in the prepared remarks, kind of more where we saw some early shipments. But again, from a global perspective, if you take out the early shipments, wholesale performed pretty much to kind of what we expected with a little bit of over-performance in our DTC channel related to UGG in North America.
Sam Poser -- Susquehanna International Group, LLP -- Analyst
Okay. I've got a couple more things. Number two, sticking with UGG, how much -- how many dollars moved from Q3 to Q2? Because you said part of the guidance for UGG in Q1 was shifting from Q1 to Q4, so why wouldn't -- I mean is this just if the demand is good, isn't this just going to keep shifting? Or you just don't know that yet and you're seeing discretion is the better part of valor?
Steven J. Fasching -- Chief Financial Officer
Yeah. So it's a good question, right? I think one of the things that we're seeing, right, and it's a little bit harder for us to just -- to predict is that as inventory channels is, they were clean last year, they're even cleaner this year. What we're seeing is with the success of UGG, that retailers are asking for product earlier because they want to make sure that they have the product. And so that's where we're seeing this shift. It's a good indication of the strength and the health of the brand. But it is -- it's hard to know exactly. One, there seems strong sell-through. They also want to make sure that they're getting products for the wholesaler. So that's where we're seeing kind of people taking it earlier this year than where they have, say, a year or two ago. And we'll fulfill it, like we've said. We'll -- we will guide and project kind of what we see on the order book. But also if a customary is asking for a product sooner than that, we'll be ready to deliver it. And then just a note really kind of on the shift out of Q2 to Q3, that's us being a little bit conservative with the first year of our consolidated DC. A year ago, we looked at really the last week and there is a lot of activity that goes out that last week of the quarter. So as we've consolidated our DC, we're pushing a little bit of that out into Q3. Now we may get orders where customers want a little bit sooner, but we want to balance out that load because it's a big load in that final week. And so we want to be mindful of what our capacity is and kind of constraints with the new consolidated DC.
Sam Poser -- Susquehanna International Group, LLP -- Analyst
And then lastly, you have wholesale. Could you give us what the wholesale equivalent revenue would have been given that the shift of that -- of the European business?
David Powers -- Chief Executive Officer, President and Director
Yeah, we're seeing it's about -- I think it's $3 million to $4 million on that shift.
Steven J. Fasching -- Chief Financial Officer
Yeah, it's a $4 million shift.
Sam Poser -- Susquehanna International Group, LLP -- Analyst
So then, I mean, so -- I mean what would HOKA -- I'm sorry, what would Teva have been if that is just -- that is normal -- everything was apples-to-apples? Would you have been -- you would have been up a little. You would have added this business, I suspect you probably would have added like 4% or 5%. Is that right?
Steven J. Fasching -- Chief Financial Officer
Yeah, that's correct.
David Powers -- Chief Executive Officer, President and Director
Yeah, that's about right.
Sam Poser -- Susquehanna International Group, LLP -- Analyst
And are you still pleased with the fact that you've done this now that things are getting better? Are they getting better because...
David Powers -- Chief Executive Officer, President and Director
Maybe a little bit of both. I think it was the right call. It allows the European teams to focus on our core businesses and then have somebody who is strong in the region to focus on expanding the Teva business in a local way. We'll continue to evaluate it over time, but I think it was the right thing as we are looking at profit improvements and focus on the organization. Great to see that the distributors are managing their business so well, which means the teams are working closely with those partners and they have the expertise required. So I would say it was the right call, we're pleased with how it's going and it gives us an opportunity to reevaluate down the road.
Sam Poser -- Susquehanna International Group, LLP -- Analyst
Thank you very much. Continued success.
David Powers -- Chief Executive Officer, President and Director
Thanks, Sam.
Operator
Our next question comes from Tom Nikic from Wells Fargo. Please go ahead with your question.
Tom Nikic -- Wells Fargo Securities , LLC -- Analyst
Hey, everybody. Thanks for taking my question. Just a little bit of modeling about the -- I guess, your three smaller brands. I guess, I'll start with Sanuk, you've got the pullback of the distribution in the US. Should we assume that, that down 20%, 25% that you saw in Q1 is basically what it should look like across the balance of the year?
Steven J. Fasching -- Chief Financial Officer
Yes. I think that's fair. Yeah.
Tom Nikic -- Wells Fargo Securities , LLC -- Analyst
All right. Teva, I think last time, you guided it flat. It was down a little bit in Q1. Should we still assume flat for the year or should we assume maybe it's down a little bit because of the shift?
Steven J. Fasching -- Chief Financial Officer
No, flattish, flat with the shift.
Tom Nikic -- Wells Fargo Securities , LLC -- Analyst
All right. And then just lastly, I don't think there was anything mentioned about Koolaburra on the call. Just how should we think about that for this year?
Steven J. Fasching -- Chief Financial Officer
So kind of the same as what we've said before. We don't see much change there. But significant growth, so kind of up mid-50% range is kind of how we're looking at that.
David Powers -- Chief Executive Officer, President and Director
Not a Koolaburra quarter.
Steven J. Fasching -- Chief Financial Officer
Yeah, Q1 is really not a Koolaburra quarter. You'll start to see that really ramp up.
Tom Nikic -- Wells Fargo Securities , LLC -- Analyst
All right. Sounds good. Thanks very much.
David Powers -- Chief Executive Officer, President and Director
Thanks, Tom.
Operator
Our next question comes from Jim Duffy from Stifel. Please go ahead with your question.
Jim Duffy -- Stifel, Nicolaus & Co. -- Analyst
Thanks. Good afternoon, guys. Great start to year. I wanted to ask about HOKA and you maybe talked a little bit about how you guys are thinking about the opportunity. Do you have any consumer insight you can share on awareness, the age demographics, repeat purchase frequency, that type of thing?
David Powers -- Chief Executive Officer, President and Director
Yeah. I think it's safe to say the awareness is increasing. I think the last time we looked at it in North America was roughly around the 12%. I don't have the exact figures in front of me, but it's definitely improving. And I think you're seeing that as resulting in the sales. The top of funnel exercises that the team have been doing, particularly the Carbon X event, which was a massive success, the way the teams pulled that off with breaking two world records in an event, that was resonating on a global scale and launching a brand new innovative product. That brought $800 million and growing, I should say still improving impressions to the brand on a global level. So the awareness is improving. The average age, it's a little bit older than we would like, I think and so there is opportunity to target younger consumers through some of our marketing tactics. And I just had a conversation with the brand on that yesterday. But it's also a higher price point product, so we need to make sure that we're balancing out the high level of performance in technical characteristics for the product and price point, with shoes like the Rincon which we just launched, which is a little bit more affordable price point, a little bit more for an everyday runner. And I forgot, what was the third point you just asked?
Jim Duffy -- Stifel, Nicolaus & Co. -- Analyst
That was about repeat purchases?
David Powers -- Chief Executive Officer, President and Director
Oh, yeah. I think what we're seeing is that the repeat purchases are happening a little bit faster than we originally thought. And so we're getting new consumers into the brands through our DTC channels. But I think with the new product launches and some of the new extensions that we're seeing, we're starting to get people who are buying more products more often. There is a bit of a cult following for the brands, if you can't tell, where people are -- as soon as something goes up on the website that's new launches or new styles, people are just grabbing them. So it's a combination of repeat purchase on core styles that people are replenishing on, but also when we launch something new, the tribe that's following the brand is jumping on those as well.
Jim Duffy -- Stifel, Nicolaus & Co. -- Analyst
And Dave, when you think about the competitive set in the marketplace as a whole, how do you think -- what's the framework to think about how big this brand could become over time?
David Powers -- Chief Executive Officer, President and Director
I've always said, I could see a path to $0.5 billion for this brand. I think that the real opportunity is probably bigger than that. We don't want to get ahead of ourselves, but we are thinking big with HOKA and we see this as a game changer for Deckers long term. So it's exciting to see the acceleration of the business, the adoption of the business globally in all channels. The innovation engine is strong. The marketing tactics are working very well. The tight and controlled distribution is driving high full price selling. So there is a lot there. The momentum and the conversation, the buzz about the HOKA brand is improving and it just gives us confidence that we can reach some of those aspirational goals in the next three to five years. Hard to put a number on it right now, but I think if you look at HOKA in the context of some of the other running brands out there, the runway is pretty significant for us.
Jim Duffy -- Stifel, Nicolaus & Co. -- Analyst
Great. Thanks for that perspective.
David Powers -- Chief Executive Officer, President and Director
Thank you.
Operator
Our next question comes from Mitch Kummetz from Pivotal Research. Please go ahead with your question.
Mitch Kummetz -- Pivotal Research Group -- Analyst
Yeah. Thanks for taking my question. I've got three. Dave, let me just follow up where Jim left off. I know you don't want to necessarily say HOKA is going to be $500 million in three to five years or whatever it is, but is there any way you can kind of address where the lowest hanging fruit is in terms of maybe product categories or distribution or regions to go from where you are today to a number or where you think it could be in three to five years? Where is the path of least resistance, I suppose?
David Powers -- Chief Executive Officer, President and Director
Well, there's still opportunity -- and it's a good question. There's still opportunity in the existing channel particularly international. We're still opening up additional accounts in international and penetrating those doors at a deeper level is one area. The same within e-commerce international, we're still setting up the mechanics of some of our sites on the international level. But if we take the playbook that's been incorporated in the US with regards to e-commerce, I think there's a substantial amount of international growth coming out of e-commerce and just elevating awareness in the market for wholesale. So without even adding any additional distribution points, there is substantial growth. I think over time, there could be expanded distribution to reach new consumers as we get into accelerating the outdoor, hiking and trail business. There's other categories that we think we could explore over time and then also reaching the younger consumer. I think if you look at all those different components on a global scale and you think about places like China and Japan down the road, there is -- that's where a lot of the growth could come from. We have two key franchises that are driving the majority of the business now, which is the Bondi and the Clifton, as you know. But some of the new launches like the Carbon X, the Sky collection in hiking, the Rincon, those are starting to gain traction in new distribution points which will add to the Clifton and the Bondi franchise over time.
Mitch Kummetz -- Pivotal Research Group -- Analyst
Got it. That's helpful. And then Steve, on the gross margin guidance for the year, I think you effectively raised. I think you took out the low end of the range. I believe you said the gross -- the Q1 gross margin was unplanned. I'm just wondering if you changed any assumptions particularly for the fall holiday season. I know you talked about some challenges -- year-over-year challenges on the gross margin line in terms of the favorable environment last year and I'm just wondering if you kept those assumptions or if anything has changed in terms of your thinking.
Steven J. Fasching -- Chief Financial Officer
Yeah. So I think what we're -- you're right, Mitch. What we've done is we've basically taken out the low end so guiding gross margins to the 50.5% more firmly and the pickup there is the brand mix that we're seeing contributing to lift in the gross margins. So with the success that we're seeing with HOKA and the increase that we've now projected for the HOKA business for the full year, that's what's lifting the low end of the margin kind of up and giving us more confidence at that high end, yeah.
David Powers -- Chief Executive Officer, President and Director
And continuously.
Steven J. Fasching -- Chief Financial Officer
That marketplace, less stock price sales, wholesale, I mean the warehouse channel, yeah.
Mitch Kummetz -- Pivotal Research Group -- Analyst
Yeah. And then my last question just on sandals. I know there was a bit of a challenge on the UGG side because of the weather, but it didn't sound like there were any issues with the Teva and Sanuk, which I think of being more sandal-oriented brands for you guys. I was hoping you might still be able to provide some color on that.
David Powers -- Chief Executive Officer, President and Director
Yeah. I think there was a little bit of softness earlier on. Teva is also seeing great success in some of their core franchise styles. The original collection is still very strong and has kind of weathered the weather issue better. Sanuk overall is performing, but the continued decline of the Yoga Sling franchise for that brand is where we saw the biggest hit.
Mitch Kummetz -- Pivotal Research Group -- Analyst
Got it. All right. Thanks, guys. Good luck.
David Powers -- Chief Executive Officer, President and Director
Thanks, Mitch.
Operator
Our next question comes from Chris Svezia from Wedbush. Please go ahead with your question.
Christopher Svezia -- Wedbush Securities -- Analyst
Good afternoon, guys. Nice job on the quarter. My first question just on DTC comp up 15, that's pretty impressive. Any color you can provide if domestic was a big driver to that, just through digital or physical stores, just -- and obviously, what's the outlook for the balance of the year? I think before you said flat to low single. Or just curious, given Q1's performance, any change in your thought process for the year?
Steven J. Fasching -- Chief Financial Officer
Yeah. Good question. So you're right, Chris. I mean really strong comp on the quarter. Where we saw success with domestic, we saw -- I think a lot of that was being driven online. We don't break it out, but clearly our online performance was well ahead of our expectation which really kind of drove the over performance. So kind of as we look at it, where we really were above expectation was kind of domestic and then a very strong online performance. As we look kind of at the balance of the year from a guidance perspective, we are looking at kind of positive low single to positive mid-single-digit type comp numbers. With still a big part of the season to come, so clearly, confidence with what we've picked up in the first quarter. But again, our first quarter is our smallest quarter, so I think it's a good signal for us going into the year, but we still have our biggest quarters ahead of us. But again, I think what we saw in Q1, especially domestic, especially with what we saw online, confidence going into the rest of the year.
David Powers -- Chief Executive Officer, President and Director
Yeah. This is Dave. I think it also forces the conversation about how do we learn from them and leverage those results for the rest of the year globally particularly in e-commerce. We talked about the new -- amount of new consumers coming to the brand for both UGG and HOKA online. The performance marketing capabilities that we've developed in this region which we're taking global are working extremely well. The. PR tactics that the brands are employing and the storytelling with powerful launches and collabs, those are all driving top-of-funnel awareness which is resulting in strong interest and traffic to the website. We now need to leverage those learnings to drive traffic to the stores and that's something the teams are focusing on.
Christopher Svezia -- Wedbush Securities -- Analyst
And Dave, just a follow-up on that. I know things like Afterpay and Quadpay really attracts there at times are driving demand to others [Indecipherable]. I know you've put that in last year. I'm just curious, is that -- are you learning more from that? Is that accelerating? Is that contributing at all to the acceleration on the digital side?
David Powers -- Chief Executive Officer, President and Director
Yeah. I think we're pleased with it. It's still a small piece of the total business, but it is helpful for the younger consumer as they come to our site especially with a brand like UGG, with the average price point of that product. So early days but I think the teams have done a great job of making our shopping experience simple for the consumer, no matter where they're coming from and how they want to pay. And I think what we're really excited also -- excited about also is the loyalty program, UGG Rewards and the amount of businesses that's driving. And it was about 40% of total business in the quarter for UGG came from loyalty consumers versus last year, about 25%. So that's again something that we want to continue to build on and leverage our omnichannel capabilities across stores and online to build that because the lifetime value of those consumers is very strong. They spend more money. Their average transaction is higher. They stick to brand more often. And we're looking at how we can leverage that on a global scale and potentially also for the HOKA brand.
Christopher Svezia -- Wedbush Securities -- Analyst
Okay. And just finally, just for purchases, just on spacing of gross margin up, you did nicely in Q1. The guidance was down around 100 basis points or so. I know Q2 last year, there was some greater spend. I'm just curious how do we think about are they consistent or is one quarter may be a little heavy on purchase than another. Just any color about that will be helpful?
Steven J. Fasching -- Chief Financial Officer
Yeah. Thanks, Chris. I think as we look at it we are, as you mentioned, kind of guiding the year down. You're right, Q2 does incorporate some freight. We are using freight this year, so we do expect to see some impact of that in Q2. Really as we look at the rest of the year, I think it's pretty consistent in terms of our kind of lower expectations to that. Bringing it down 100 basis points, I would say pretty consistent as you look at the back half of the year. And again, just some background on that, as we do have a higher assumption around using airfreight from early Q2 and then just some of our estimates around how the promotional environment potentially plays out in kind of Q3, Q4, hence, the -- kind of the take down in the back of the year. And then we'll also have some FX headwinds, as I mentioned, that we have unhedged amounts still out there, so dependent on -- reflecting the current rates that we currently have, we have a little bit of an impact as well in the back half.
Christopher Svezia -- Wedbush Securities -- Analyst
Got it. Okay. Thanks very much, gentlemen. All the best.
David Powers -- Chief Executive Officer, President and Director
Thanks, Chris.
Operator
[Operator Closing Remarks]
Duration: 57 minutes
Call participants:
Erinn Kohler -- Senior Director, Investor Relations & Corporate Planning
David Powers -- Chief Executive Officer, President and Director
Steven J. Fasching -- Chief Financial Officer
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
Kelly Crago -- Citi -- Analyst
Ross Licero -- Telsey Advisory Group LLC -- Analyst
Sam Poser -- Susquehanna International Group, LLP -- Analyst
Tom Nikic -- Wells Fargo Securities , LLC -- Analyst
Jim Duffy -- Stifel, Nicolaus & Co. -- Analyst
Mitch Kummetz -- Pivotal Research Group -- Analyst
Christopher Svezia -- Wedbush Securities -- Analyst
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Deckers Outdoor Corp (NYSE: DECK) Q1 2020 Earnings Call Jul 25, 2019, 4:30 p.m. Welcome to the Deckers Brands First Quarter Fiscal Year 2020 Earnings Conference Call. As I look at the industry, I see Deckers leading in innovation with two of the most exciting product launches this season in the HOKA Carbon X and the UGG Fluff franchise.
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Operator [Operator Closing Remarks] Duration: 57 minutes Call participants: Erinn Kohler -- Senior Director, Investor Relations & Corporate Planning David Powers -- Chief Executive Officer, President and Director Steven J. Fasching -- Chief Financial Officer Jonathan Komp -- Robert W. Baird & Co. -- Analyst Kelly Crago -- Citi -- Analyst Ross Licero -- Telsey Advisory Group LLC -- Analyst Sam Poser -- Susquehanna International Group, LLP -- Analyst Tom Nikic -- Wells Fargo Securities , LLC -- Analyst Jim Duffy -- Stifel, Nicolaus & Co. -- Analyst Mitch Kummetz -- Pivotal Research Group -- Analyst Christopher Svezia -- Wedbush Securities -- Analyst More DECK analysis All earnings call transcripts 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q1 2020 Earnings Call Jul 25, 2019, 4:30 p.m. Welcome to the Deckers Brands First Quarter Fiscal Year 2020 Earnings Conference Call.
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Operator [Operator Closing Remarks] Duration: 57 minutes Call participants: Erinn Kohler -- Senior Director, Investor Relations & Corporate Planning David Powers -- Chief Executive Officer, President and Director Steven J. Fasching -- Chief Financial Officer Jonathan Komp -- Robert W. Baird & Co. -- Analyst Kelly Crago -- Citi -- Analyst Ross Licero -- Telsey Advisory Group LLC -- Analyst Sam Poser -- Susquehanna International Group, LLP -- Analyst Tom Nikic -- Wells Fargo Securities , LLC -- Analyst Jim Duffy -- Stifel, Nicolaus & Co. -- Analyst Mitch Kummetz -- Pivotal Research Group -- Analyst Christopher Svezia -- Wedbush Securities -- Analyst More DECK analysis All earnings call transcripts 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q1 2020 Earnings Call Jul 25, 2019, 4:30 p.m. Welcome to the Deckers Brands First Quarter Fiscal Year 2020 Earnings Conference Call.
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Operator [Operator Closing Remarks] Duration: 57 minutes Call participants: Erinn Kohler -- Senior Director, Investor Relations & Corporate Planning David Powers -- Chief Executive Officer, President and Director Steven J. Fasching -- Chief Financial Officer Jonathan Komp -- Robert W. Baird & Co. -- Analyst Kelly Crago -- Citi -- Analyst Ross Licero -- Telsey Advisory Group LLC -- Analyst Sam Poser -- Susquehanna International Group, LLP -- Analyst Tom Nikic -- Wells Fargo Securities , LLC -- Analyst Jim Duffy -- Stifel, Nicolaus & Co. -- Analyst Mitch Kummetz -- Pivotal Research Group -- Analyst Christopher Svezia -- Wedbush Securities -- Analyst More DECK analysis All earnings call transcripts 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q1 2020 Earnings Call Jul 25, 2019, 4:30 p.m. Welcome to the Deckers Brands First Quarter Fiscal Year 2020 Earnings Conference Call.
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724183.0
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2019-07-26 00:00:00 UTC
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Deckers Outdoor Enters Oversold Territory (DECK)
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-enters-oversold-territory-deck-2019-07-26
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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 Friday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 28.3, after changing hands as low as $152.73 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 65.1. 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 $101.69 per share, with $180.755 as the 52 week high point — that compares with a last trade of $156.03.
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 Friday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 28.3, after changing hands as low as $152.73 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 $101.69 per share, with $180.755 as the 52 week high point — that compares with a last trade of $156.03.
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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 $101.69 per share, with $180.755 as the 52 week high point — that compares with a last trade of $156.03. In trading on Friday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 28.3, after changing hands as low as $152.73 per share.
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In trading on Friday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 28.3, after changing hands as low as $152.73 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 $101.69 per share, with $180.755 as the 52 week high point — that compares with a last trade of $156.03.
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In trading on Friday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 28.3, after changing hands as low as $152.73 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 $101.69 per share, with $180.755 as the 52 week high point — that compares with a last trade of $156.03.
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f9b68364-040c-41b3-bfb3-affac7b6ad29
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724184.0
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2019-07-25 00:00:00 UTC
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Deckers Outdoor Corp Q1 adjusted earnings
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-q1-adjusted-earnings-2019-07-25
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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: -$19.35 million in Q1 vs. -$30.41 million in the same period last year. -EPS: -$0.67 in Q1 vs. -$1.00 in the same period last year. -Analysts projected -$1.12 per share -Revenue: $276.84 million in Q1 vs. $250.59 million in the same period last year.
-Guidance: Next quarter EPS guidance: $2.15 - $2.25. Next quarter revenue guidance: $515 - $525 Mln Full year EPS guidance: $8.40 - $8.60 Full year revenue guidance: $2.10 - $2.13 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: -$19.35 million in Q1 vs. -$30.41 million in the same period last year. -Guidance: Next quarter EPS guidance: $2.15 - $2.25. Next quarter revenue guidance: $515 - $525 Mln Full year EPS guidance: $8.40 - $8.60 Full year revenue guidance: $2.10 - $2.13 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: -$19.35 million in Q1 vs. -$30.41 million in the same period last year. -Guidance: Next quarter EPS guidance: $2.15 - $2.25. Next quarter revenue guidance: $515 - $525 Mln Full year EPS guidance: $8.40 - $8.60 Full year revenue guidance: $2.10 - $2.13 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: -$19.35 million in Q1 vs. -$30.41 million in the same period last year. -Analysts projected -$1.12 per share -Revenue: $276.84 million in Q1 vs. $250.59 million in the same period last year. Next quarter revenue guidance: $515 - $525 Mln Full year EPS guidance: $8.40 - $8.60 Full year revenue guidance: $2.10 - $2.13 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: -$19.35 million in Q1 vs. -$30.41 million in the same period last year. -Analysts projected -$1.12 per share -Revenue: $276.84 million in Q1 vs. $250.59 million in the same period last year. -Guidance: Next quarter EPS guidance: $2.15 - $2.25.
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95fe7313-92ac-4ac7-b358-fdba69ac98c6
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724185.0
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2019-07-06 00:00:00 UTC
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Why Deckers Outdoor Stock Jumped 15.7% in June
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DECK
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https://www.nasdaq.com/articles/why-deckers-outdoor-stock-jumped-15.7-in-june-2019-07-06
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nan
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nan
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What happened
Shares of Decker's Outdoor (NYSE: DECK) climbed 15.7% in June, according to data from S&P Global Market Intelligence, extending the company's momentum from late May and rising along with the broader market (including a 7% rise in the S&P 500) as U.S.-China trade tensions began to ease.
To be clear, there were no new press releases, SEC filings, or analyst upgrades last month that might otherwise have spurred Decker's rise. But the parent company of brands including UGG, Hoka, Teva, and Sanuk was one of more than 170 footwear companies that banded together in May to issue an open letter to President Trump urging him not to impose crippling tariffs on their industry. In it, they argued a proposed 25% tariff would be "catastrophic for our consumers, our companies, and the American economy as a whole."
So, when relations started to warm in June, followed by an agreement between China and the U.S. at last weekend's G-20 summit to restart trade talks, it was hardly surprising to see Decker's climb in response.
IMAGE SOURCE: DECKERS.
So what
There's no guarantee those trade talks will be favorable for the footwear industry -- though on Friday, Chinese officials insisted there would be no trade deal unless all imposed tariffs are removed.
But investors should also know Decker's, in particular, is preparing to make tariffs a moot concern. During the latest quarterly conference call in May, Decker's CFO Steve Fasching said the company is working with its supply chain operations on mitigation strategies, including potentially shifting shipment timing and actively moving its production outside of China. And even if the proposed incremental tariffs are implemented, he said under 20% of Decker's global total would be subject to them.
Now what
However prepared the company might be, I suspect Decker's shares will continue to ebb and flow along with its industry peers in the near term -- at least as long as uncertainty remains in the global trade environment. In the meantime, I think the stock might be worth adding on any pullbacks as long as they're disconnected to the fundamentals underlying Decker's reasonably strong business.
10 stocks we like better than Deckers Outdoor
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David and Tom 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.
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*Stock Advisor returns as of June 1, 2019
Steve Symington 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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So, when relations started to warm in June, followed by an agreement between China and the U.S. at last weekend's G-20 summit to restart trade talks, it was hardly surprising to see Decker's climb in response. During the latest quarterly conference call in May, Decker's CFO Steve Fasching said the company is working with its supply chain operations on mitigation strategies, including potentially shifting shipment timing and actively moving its production outside of China. Now what However prepared the company might be, I suspect Decker's shares will continue to ebb and flow along with its industry peers in the near term -- at least as long as uncertainty remains in the global trade environment.
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What happened Shares of Decker's Outdoor (NYSE: DECK) climbed 15.7% in June, according to data from S&P Global Market Intelligence, extending the company's momentum from late May and rising along with the broader market (including a 7% rise in the S&P 500) as U.S.-China trade tensions began to ease. To be clear, there were no new press releases, SEC filings, or analyst upgrades last month that might otherwise have spurred Decker's rise. So, when relations started to warm in June, followed by an agreement between China and the U.S. at last weekend's G-20 summit to restart trade talks, it was hardly surprising to see Decker's climb in response.
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What happened Shares of Decker's Outdoor (NYSE: DECK) climbed 15.7% in June, according to data from S&P Global Market Intelligence, extending the company's momentum from late May and rising along with the broader market (including a 7% rise in the S&P 500) as U.S.-China trade tensions began to ease. 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. To be clear, there were no new press releases, SEC filings, or analyst upgrades last month that might otherwise have spurred Decker's rise.
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* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Deckers Outdoor wasn't one of them! What happened Shares of Decker's Outdoor (NYSE: DECK) climbed 15.7% in June, according to data from S&P Global Market Intelligence, extending the company's momentum from late May and rising along with the broader market (including a 7% rise in the S&P 500) as U.S.-China trade tensions began to ease. To be clear, there were no new press releases, SEC filings, or analyst upgrades last month that might otherwise have spurred Decker's rise.
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dd458d44-fc14-4880-bb9a-7ef52a98f84d
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724186.0
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2019-05-24 00:00:00 UTC
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Deckers Outdoor Corp (DECK) Q4 2019 Earnings Call Transcript
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-deck-q4-2019-earnings-call-transcript-2019-05-24
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nan
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nan
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Image source: The Motley Fool.
Deckers Outdoor Corp (NYSE: DECK)
Q4 2019 Earnings Call
May 23, 2019, 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 and Fiscal Year 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. Following the presentation we will conduct a question-and-answer session. Instructions will be provided at that time for you to queue up for questions. (Operator Instructions) I would like to remind everyone that this conference call is being recorded. And I now turn the call over to Erinn Kohler, Senior Director, Investor Relations and Corporate Planning. Please go ahead.
Erinn Kohler -- Senior Director, Investor Relations and Corporate Planning
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 our anticipated financial performance, including, but not limited to, our projected revenue, margins, expenses, earnings per share, cost savings and operating profit improvement as well as statements regarding our strategies for our products and brands.
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 in its SEC filings, including in the Risk Factors section of its annual report on Form 10-K and quarterly report 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 and Director
Thank you, Erinn, and good afternoon, everyone. It gives me great pleasure to share with you that Deckers has achieved a significant milestone in its history. For the full fiscal year 2019, we reached over $2 billion in annual revenue in a very profitable manner. This accomplishment is a testament to the hard work that our team has put into our company, and I'm very proud of the results this dedication, discipline and focus I've been able to produce.
In addition to breaking through the $2 billion mark in top line revenue, the organization has successfully delivered on our long-term margin target a year ahead of schedule. A solid performance recorded in the fiscal year 2019 result. These results include operating margin well beyond the prior target of 13% driving more than the committed $100 million of operating profit improvement over the past two years and delivering returns on invested capital above the benchmark 20%.
With the strides that the organization has made, especially in terms of earnings performance and cash generation. We believe that we are now positioned better than ever to invest in our brands and channels within key areas of opportunities for future growth. As a reminder, the areas of focus that we have identified, include investments in marketing to build awareness and adoption of the Hoka One One brand and growing the Men's and Women's noncore category as well as investments in technology to enhance e-commerce capabilities to evolve how we engage and grow with our consumers and talent, tools, and analytic capabilities that will allow us to maximize the above opportunities.
Today, I will share brand and channel level highlights from our fourth quarter performance in fiscal year 2019 in review. Before handing the call over to Steve to walk through our financial results in more detail, including an outlook for the first quarter and full fiscal year 2020.
To recap the recent performance, revenue in the fourth quarter was $394 million coming in above the high end of our guidance and 1.6% less than the same period last year. But the decline to last year, mainly due to retail store closures. Despite that, non-GAAP EPS came in at $0.85 as compared to $0.50 last year.
For the full year, revenue was its record $2.02 billion up 6.2%, while operating income increased to $327 million representing a 16.2% operating margin and earnings per share of $8.84, also a record high. In reviewing our performance over the past two years. Our revenue has grown over 6% each year. Our non-GAAP operating profit dollars have grown 40.5% on an annualized growth rate. And non-GAAP operating margins have increased from 9.2% to 16.2% representing a 700 basis point expansion. All delivering a two-year annualized non-GAAP earnings-per-share growth rate of 52%. While these results exceeded our initial outlook. As Steve mentioned on our last call, we experienced an exceptional selling environment this year in the third quarter and drove much better than expected results than what we would normally plan for.
Now turning to performance by group. Starting with the Fashion Lifestyle Group, UGG sales declined by 7% in the fourth quarter to $239 million, largely due to retail store closures and international softness, partially offset by strength in domestic wholesale. The fourth quarter result was higher than previous guidance primarily related to earlier shipments of spring product moving out of Q1 fiscal 2020 into Q4 fiscal 2019.
For the year, UGG sales increased 2% to $1.533 billion with domestic wholesale and E-Commerce accounting for most of the game. During the year, UGG experienced amplified success with younger consumers as evidenced by year-round super growth aided by the newly introduced Fluff Yeah collection and expansion of the Tasman. Continued demand for the Classic Mini and Mini Bailey Bow, an accelerated growth of the Neumel franchise, which included incremental purchasing from both male and female consumers.
The UGG team has been focused on deseasonalizing the business by growing our spring-summer product offering. Our recent results underscores the progress we've made on this important front. In fiscal year 2019, UGG successfully redistributed its category mix. In conjunction with UGG domestic wholesale allocation and segmentation strategy of women's core classic product, the brands are increases of over 25% in women's shoe and sandals category.
Equally important UGG brand interest in the US is on the rise. According to Google trends interesting in UGG over the past year grew by 7%. During the fiscal year, UGG acquired nearly 1.5 million new customers and to own DTC channel, which we believe is the result of delivering compelling products and marketing that resonate with the more diverse consumer base. These trends are representative why we believe in dedicating investment to target customer acquisition and engagement through digital marketing.
Next, Koolaburra in the fourth quarter grew by 67% to $3.6 million rounding at a fantastic year as annual revenue more than doubled to $44 million driven by strong full price sell through a major account. We have high confidence in our strategy of focusing on the family value channel for this brand, and next year looks even stronger based on a robust order book. Koolaburra continues to gain market share that is incremental to UGG's business. And has already shown the ability to drive profit to our bottom line.
Switching gears to our Performance Lifestyle Group. For the second consecutive quarter, focus set of revenue record with the fourth quarter, growing by 33% to $67 million. Hoka achieved impressive growth in fiscal '19 with sales increasing 45% to $223 million. The Hoka team's dedication to creative innovative product rooted in authentic performance continues to be the driver of it exceptional result. The Bondi, Clifton, Arahi, and Gaviota styles represents the core of the Hoka brand. These core styles have continued to deliver significant growth while the brand also continues to diversify its product offering. Capturing new consumers as well as satisfying incremental needs of existing loyal customers.
Since launching in March 2019, the Sky collection has received initial positive feedback from both wholesale accounts and consumers as the brand now expanded its reach into the hiking category. The Sky collection is yet another example of how the brand is expanding its category reach, while staying firmly focused on a commitment to delivering authentic performance footwear in the marketplace. With the continued expansion of category offering the seasonality of the Hoka brand is beginning to smooth out throughout the year, as the team is strategically planning the timing of product launches.
On May 1, 2019, Hoka introduce the Carbon X establishing its impressive credentials just four days later with a record-setting attempt. I would like to congratulate Jim Walmsley on becoming a new world record-holder for the 50-mile distance, in doing so, while wearing Hoka's Carbon X product. Having just launched to consumers worldwide on May 15, the Carbon X is one of Hoka's most innovative products released to date, with the carbon fiber plate to help athletes accelerate and propelled forward combined with PROFLY X foam, our latest and most resilient form yet. We are looking forward to seeing more record breaking performances in the shoe.
Within the US, Hoka's wholesale business was up 30% on the year. And the brand is now our Top-3 brand in multiple specialty running account. We remain focused on growing our domestic wholesale presence through high touch premium specialty retailer. The Hoka team is gaining market share within existing distribution through strategic category expansion. In addition to wholesale, domestic owned E-Commerce continues to add meaningful volume year-over-year as we work to capture incremental replenishment business.
On the international front, Hoka's sales were up 59% for the year, with the largest share coming from Europe. As we noted in the past, Europe remains the largest near-term opportunity for growth. While at the same time, the APAC region is beginning to show adoption. As we work to grow internationally, we are concentrating on building awareness with consumers through authentic performance aligned with our domestic marketplace strategy.
Turning to Teva and Sanuk, I'm pleased with the team's dedication to driving profit through Deckers bottom line. Both brands experienced an increase in gross margin and contribution margin for the second consecutive year. For Teva, sales were up 3% on the year to $137 million, a record high for revenue. Growth was driven by a considerable increase in Japan. As the brands functional outdoor appeal was complemented by premium fashion collaborations. In addition to record revenue, Teva's operating profit dollar contribution was highest on record increasing over 30% versus the previous year.
On the product side, the brand recently celebrated its Born in the Canyon launch to commemorate the Grand Canyon's 100th year of the National Park and Teva's 35th anniversary.
Turning to Sanuk. Sales for the year were down 9% to $83 million, the result was driven by a high single-digit decline in US wholesale. From a product perspective, revenue was negatively affected by the softness of the Yoga Sling franchise. Over the last year, the brand has been working to diversify its product offering by introducing Chill products, which represents boot and slipper silhouette. Early reads of Chill products have been strong and attracting new consumers to the brand as 75% of online purchases and previously not owned Sanuk.
Now moving to channel performance. Total company wholesale revenue increased 6% for the quarter and 10% for the year. As mentioned in our third quarter call, the US marketplace allocation and segmentation implementation has been very successful. As a result will be implementing the strategy across Europe in the coming year. With the hopes to reigniting the March the drive healthy full price sales in future years. Shifting to our direct-to-consumer channel, DTC comps decreased 0.5% for the quarter. For the year, the total comp increased 1.9%. Comps for DTC were strong domestically but challenge internationally. We believe suppressed DTC comps internationally a larger result of macro headwinds, mentioned on our third quarterearnings call But we are also actively engaged in enhancing the health of our brands across our market.
Overall for the year, total direct-to-consumer sales were flat. Fiscal 2019 was another solid year for our online business, as we added more than 2 million new customers globally, across our brand portfolio. We continue to invest in our digital infrastructure to drive and support online engagement and conversion. As I reflect on the past year, I'm incredibly proud of the organization's achievements that went far beyond what we had targeted. Both for fiscal 2019 initial guidance, as well as our long-range goals. I'm delighted by the team's successful accomplishment, including highlights coming from UUGs growth of noncore categories within its offering complemented by the implementation of our US wholesale allocation and segmentation strategy.
Hoka's rapid momentum across various categories within authentic performance footwear and using innovation and brand ethos that are driving force. And continued supply chain efficiencies and disciplined cost management delivering increasing levels of profitability and generating further opportunities to fuel growth as we look to the future.
While we feel favorable marketplace conditions and weather patterns aided our performance this past fiscal year. We believe in our strategies and remain confident in our ability to deliver exceptional levels of performance as we move into the next phase of our growth.
With that, I'll hand the call over to Steve to provide details on the fourth quarter and fiscal 2019 financial results. As well as our initial outlook and the first quarter and full fiscal year 2020.
Steven J. Fasching -- Chief Financial Officer
Thanks, Dave, and good afternoon, everyone. As Dave just walked you through, it was a very exciting year for Deckers, as we have achieved a number of significant milestone. Now I will take you through our fourth quarter and fiscal 2019 results in greater detail. Then provide our initial outlook on the first quarter and fiscal year 2020.
Please note throughout this discussion, where I refer to non-GAAP financial measures. I'm referring to results before taking into account restructuring and other charges that our management believes are not core to our ongoing operating results. Also note, our non-GAAP results are not adjusted constant currency, with the exception of our direct-to-consumer comparable sales. A reconciliation between our reported GAAP results and the non-GAAP results can be found in our earnings release that is posted on our website under the Investors tab.
Now to our results for the fourth quarter. Revenue was $394 million, down 1.6% from last year, but above the high end of our guidance range by $20 million. The better than expected performance was driven by $15 million of earlier than anticipated wholesale shipments in the UGG brand delivering Spring/Summer product into the marketplace ahead of schedule. And $5 million in outperformance driven by domestic E-Commerce sales for the UGG brand.
Gross margin was 51.6% up 360 basis points over last year. The gaining gross margin was due to continued improvement from our supply chain effort. Better full price selling as we exited the prior quarter with very low levels of seasonal inventory in the marketplace. And higher margins obtained on closeout sales as the channel is more tightly manage. These gains were partially offset by channel mix changes in the quarter, largely due to timing of E-Commerce revenue recognition with those sales recorded in Q3, and the negative impact of foreign currency exchange rate fluctuation.
Non-GAAP SG&A expense was $170 million for the quarter, down from $173 million last year. With the reduction primarily being driven by reduced retail store expense as compared to prior-year quarter. Non-GAAP EPS remain at $0.85 compared to our guidance range of flat to $0.10 and versus last year of $0.50. This $0.75 beat to the high end of our guidance resulted from approximately $0.25 from better than expected margins, $0.20 due to the early shipment of spring wholesale order, $0.20 from additional expense savings in the quarter primarily related to retail loss and unfilled headcount vacancies and $0.10 from higher-than-expected sales driven by domestic e-commerce in the UGG brand.
Now to sum up our fiscal 2019. Revenue was $2.02 billion representing over a 6% increase versus second year in a row. The Hoka brand contributed to the bulk of the year-over-year increase up $70 million. With UGG and Koolaburra both contributing an incremental $26 million over the prior year. Gross margin was 51.5% up 250 basis points over last year. The gain in gross margin was driven by favorable marketplace conditions in the third quarter contributing to our ability to achieve high full price sell-through of products with minimal discounting and promotional activity.
Reduced usage of air-freight in the second quarter due to the ability to take advantage of the in-season opportunity to use less expensive freight options for the delivery of certain inventory shipment, and the continued benefit of our supply chain initiatives, which again positively contributed to our gross margin gain in the year. As I mentioned on our last call, we estimate that approximately 100 basis points to 150 basis points of this upside is due to favorable conditions within the year that we were able to capitalize on and we will not planned for these same conditions to repeat next year. However, if variables outside of our immediate controlled present opportunity within the year, we believe that we are well poised capture incremental profit as we diligently manage our operation. I will provide a full picture of gross margin guidance for the next fiscal year in a moment.
Non-GAAP SG&A expense for the year was $713 million, up from $695 million last year. As a percentage of revenue, SG&A improved 120 basis points to 35.3% from 36.5% last year. Non-GAAP operating income increased 78% (ph) to $327 million from $236 million last year. While operating margin increased 380 basis points the 16.2%.
As Dave mentioned earlier in the call, we have successfully added over $100 million of operating profit as compared to levels in fiscal 2017, when we set out to execute on our operating profit improvement plan. I am confident that as we move into the next phase of our strategic goals. We will be able to maintain healthy levels of profitability, while strategically investing in our key initiatives designed to accelerate top line growth.
Both GAAP and non-GAAP earnings per share came in at $8.84 compared to our guidance range of $7.85 to $7.95 versus a year ago $5.74. The upside expectation was largely result of the over performance in fourth quarter as I just walked through, in addition to some differences in tax rate and share count, when looking at results on a quarterly basis versus the full year basis.
Now turning to our balance sheet. We ended fiscal 2019 with $590 million in cash compared to $430 million last year. Our cash balance is net of share repurchases in the fiscal year, which totaled $161 million. Inventories were down 7% at $279 million as compared to $300 million last year. We had no short-term debt outstanding under our credit line in on a pro forma basis our calculated return on invested capital improved to over 20%. We did not repurchase any stock during the fourth quarter and $350 million of our stock repurchase authorization remains available as of March 31, 2019.
Switching gears to our global backlog. Inclusive of bulk orders, the total as of March 31 was $978 million which represents a year-over-year increase of about 14%. As a note, last year's backlog was missing significant orders from several major account, due to later order placement last year. If backlog were adjusted to account for the shift in order activity, the year-over-year increase would be more in line with our guided revenue expectation. As a reminder, our backlog at March 31, only includes orders from wholesalers and distributors for delivery in April through December and represents less than half of our total revenue for the year. The figure does not include our company DTC sales, all of the fourth quarter for any future orders that we may book, such as at once orders or closeout.
Finally, moving to our outlook for fiscal year 2020. As we move forward with our strategic priorities, we intend to fueled top line growth through planned investment in key categories of opportunity that we have previously outlined. As we have delivered cost savings ahead of schedule, we still intend to reinvest a portion of these savings into the business to create strong setup for our brands now and in the future. We will target to maintain top tier level operating margins as compared to our peer group competitively delivering growth in line with levels of profitability that we have created.
For the fiscal year 2020, we expect revenue to be in the range of $2.095 billion to $2.12 billion which represents year-over-year growth of 4% to 5%. Gross margins to be in the range of 50% to 50.5%. This is 100 basis points to 150 basis points lower than fiscal year 2019, which is aligned with the expectations laid out on our priorearnings call The headwinds we expect to experience in fiscal year '20 include currency headwinds of 40 basis point. Additional freight expense of 20 basis point. In normalized conditions during our peak season, resulting in more promotional environment impacting margins up to approximately 90 basis point. As we reinvest in our growth drivers within our brand portfolio, we expect SG&A to be at or slightly better than 36% of sales.
All resulting in an expected operating margin in the range of 14.2% to 14.5%. We are also projecting an effective tax rate of approximately 21% which represents an increase over fiscal year 2019, due to one time benefits received in the year. Therefore, we are projecting diluted earnings per share between $8.20 to $8.40. In addition, we expect capital expenditures to be between $35 million and $40 million. Our fiscal 2020 guidance excludes any charges that may be considered one-time in nature and does not include the impact of additional share repurchases.
Now with our lower projected operating margin for fiscal year 2020. I think it is important to acknowledge how the range of 14.2% to 14.5% compares to the results delivered in fiscal year 2019 at 16.2%. Within our gross margin guidance, we are planning for normalized condition, including using air-freight and peak season promotional activity, which will unwind approximately 100 basis point to 150 basis point.
As foreign currency exchange rates have fluctuated as compared to levels a year ago, we estimate that we will face the headwind this year of approximately 40 basis points. With the remaining difference due to planned investments in marketing and technology, designed to improve our connection with consumers. These investments represent roughly 10 basis points to 30 basis points of operating margin and we will control the related levers of variable spend in order to tightly manage our overall profitability.
As a reminder, our prior strategic long-term target for fiscal 2020 operating margin was 13%. In the current anticipated 14.2% to 14.5% is well beyond this earlier goal.
To provide some additional details on our fiscal year 2020 revenue expectation by brand, the following applied. UGG is expected to be up low single digits as growth in domestic wholesale and E-Commerce is being offset by the previously discussed order timing shift out of Q1 fiscal year '20 and into quarter four fiscal year '19. The allocation and segmentation strategy we have that this year for Europe. Continued net retail store closures, and again, FX headwinds as the result of declining exchange rate.
Koolaburra is expected to deliver mid-40s to upper-50s percent growth, resulting from continued domestic wholesale expansion in the family value channel. Hoka growing in the mid-20% range, fueled by both the US and international expansion. Teva roughly flat revenue largely due to growth in wholesale domestically and in Asia-Pacific, but offset by a decline in our EMEA wholesale channel with the shift from wholesale through distributor.
Sanuk, flat to last year, as the brand continues to drive ASPs and a higher proportion of full price sales in an effort to better control the North American market play. Our DTC comp is expected to be flat to growing positive low single digit in light of continuing challenging traffic environment in retail as well as an assumption of a more normalized weather season. Additionally, we expect in season wholesale cancellations to be in line with reorders.
Now, for the first quarter of fiscal 2020, we expect revenue to be in the range of $250 million to $260 million. And non-GAAP diluted loss per share of approximately a loss of $1.25 to a loss of $1.15 compared to a loss to year ago of $0.98. The drivers of the year-over-year variance in EPS include the impact of the shift of the $15 million in revenue, mentioned earlier, moving out of quarter one fiscal year '20 and into quarter four fiscal year '19. Adjusting for this shift, earnings per share would be roughly flat to last year, as well as timing of SG&A spend within the year.
As a note, we are aware of and continue to monitor tariff decisions and work closely with our supply chain operations to identify risk mitigation strategy. This includes the potential to adjust shipment timing, which could have abnormal effects on the timing of inventory level. As mentioned on previous calls, we have been actively shifting production outside of China, and less than 20% of our global total would be subject to tariff. We recently joined over 170 other companies in endorsing the memo, urging the President to exclude footwear from the next tranche of Teva.
Our teams will continue to track update and we'll make decisions, bearing in mind the best interests of all of our stakeholders.
With that, I will now hand the call back to Dave to provide more details on our strategic outlook and priorities for the upcoming year.
David Powers -- Chief Executive Officer, President and Director
As Steve mentioned, the upcoming fiscal year is about positioning our brands to drive elevated levels of top line growth in future periods. While maintaining top tier levels of profitability. Our strategies are working. We have delivered our long-term targets a year early in the organization will remain focused on investing in our strategic growth drivers. This include building awareness of the Hoka One One brand, growing the UGG Men's and UGG Women's noncore categories. Enhancing E-Commerce capabilities to evolve how we engage with our consumers as well as investing in analytics and technology that will allow us to maximize the above opportunity.
We will deliver strategic growth in these areas by investing in demand creation and leveraging the right marketing tactics at optimized level. Deckers is adding new capabilities that will amplify personalization within consumer touch points allowing our brands to build stronger relationships with both new and existing audiences resulting in an even greater affinity for our brands. We've also added competencies that will enhance our ability to measure marketing effectiveness. Ultimately, empowering our teams to easily shift investment to improve both short- and long-term return. As we look out into fiscal '20 investments in innovation are critical to enable our organization to deliver higher top line growth in the future.
I'm excited to share more with the progress we're making with innovation later in the year. With our fiscal 2020 guidance, including operating margins of 14.2% to 14.5%. Deckers remains a top tier levels of profitability among our peer group even with the strategic and reinvestment and dedicated to maintaining the status as we drive healthy revenue growth. As I reflect on our success in fiscal 2019, I'm proud of our financial performance and equally proud of the work our teams have done to operate our business in a sustainably minded way. We have made great progress in advancing our sustainable development goal. In particular, we are investing in the communities in which we operate globally.
Promoting diversity and inclusion across our organization and working to preserve the environment for future generation. With continued organizational success, we have the ability to be leaders in this space by advancing sustainable business practices to deliver value both financial and environmental to all stakeholders.
This has been an exceptional year, and I'd like to thank all of our employees, customers, shareholders, Board of Directors and their families, for their support and helping us drive to these levels of performance, well ahead of our original plan. I believe our results demonstrate the strength of the foundation we've built. Our commitment to making improvements in the business and delivering value to all of our stakeholders. I'm incredibly proud of our accomplishments and look forward to continued success in the years ahead.
With that, I'll turn the call over to the operator for Q&A. Operator?
Questions and Answers:
Operator
We will now begin the question-and-answer session. (Operator Instruction) The first question comes from Camilo Lyon with Canaccord Genuity. Please go ahead.
Camilo Lyon -- Canaccord Genuity -- Analyst
Thank you. Hi, guys. Great job on a great year.
David Powers -- Chief Executive Officer, President and Director
Hi. Thanks, Camilo.
Camilo Lyon -- Canaccord Genuity -- Analyst
You guys have done a great job with the allocation strategy at wholesale as well as segmentation strategy, at the same time you've been very upfront about the benefit that you received from a long and cold winter. So as you think and delve deeper into the outlook that you provide. Can you just help us understand perhaps by brand and in particularly the UGG brand. How that all fit into this 4% to 5% top line growth figure. In other word, we're thinking about UGG and the further steps you'll take with the allocation strategy. If we have a seasonally warmer winter? How protected are you from that potential relative to this guidance.
David Powers -- Chief Executive Officer, President and Director
Yeah. It's good question, Camilo. I'll try to answer as many of those details as I can. I think, what we've learned over the last couple of years is planning for what we've been is kind of a normalized winter in retail environment has served us well, and we're going to continue on that strategy. That being said, if things are more favorable, we have the inventory in the right places to be able to capture that. And then we also have some protection in the downside, if we need to be a little bit more promotional, I think what you've seen in the guidance from our UGG perspective and in the margin where we put in roughly 100 basis points to 150 basis points decline versus last year. Some of that is mitigating in case there is less than favorable weather conditions.
At the same time, the managed growth in North America will be continuing, it's a healthy environment, it's very healthy from an inventory standpoint and margins with healthy sell-through at wholesale and in our own DTC channels. At the same time, we have working to Internationally, and so what you're seeing us do for the UK market in particular is employ the same strategy that works in North America over the last couple of years, which is a really tightly controlled segmentation and allocation strategy to make sure that we are maintaining a healthy positioning in the market. Inventories are clean and we're segmenting the right product at the right level in each of the accounts in that market.
And at the same time investing in some additional marketing to improve brand health in that region. So it's a balance going into this year. The UGG brand is in great standing in North America was little bit more to do in the European market. But overall, we think this is a healthy projection, looking into the head of the year with growth in the right categories, which are non-core women's footwear and men's, and we think that if there is a better-than-planned winter with regards to weather and holiday season that will be well positioned to capture that upside.
We're speaking to the other brands, real quick, we're super excited about the opportunity that we have developed within the Koolaburra brand had an exceptional year last year, just over the $40 million mark with high full price sell-throughs and healthy margins and a profitable business for us. Retailers are very pleased in the order book. As you saw, we just heard for this fall is very healthy for that brand and we see it as incremental sales to the UGG brand in new and distinct channels from where we distributed UGG. And obviously the growth exceptional results for Hoka. We see that continuing, but that's in a very strategic and controlled manner built for the long-term health of the brand and really driving growth through the existing distribution, both internationally and US. And then continuing to drive business and data capture through our E-Commerce site.
Steven J. Fasching -- Chief Financial Officer
Yeah, I think just to add on to that and kind of what you're alluding to Camilo. Is there upside and I think as Dave said, there is probably a little, little bit upside related to weather, related to UGG, right? Because that's where we are going to kind of see potential upside. I would, with the segmentation and allocation strategy that we've been implementing in North America, as well as now Europe that's going to be somewhat limited in terms of what further upside there maybe, because that's a -- controlled strategy in terms of how we might go. So I wouldn't -- if weather conditions are similar to what we experienced in FY'19, absolutely there is upside from a revenue perspective and from a margin perspective. But as I said in the prepared remarks, we're not going to plan to that. So always a little bit upside, but I'd say, as we've gotten more dialed in with our strategy and allocation segmentation, not a lot. I would say in terms of related to UGG, pretty well as indicated by our backlog were booked for the season, so there is some kind of further upside. But to bring additional product well above that would be challenging. So overall, a little bit, but don't get too crazy in terms of what you think that further upside could be.
Camilo Lyon -- Canaccord Genuity -- Analyst
Okay. Thank you for that detail. It's great. It sounds like on the weather related our product you're planning for that business to be both conservative and promotionally driven.
Steven J. Fasching -- Chief Financial Officer
Correct. There is a more promotional component factored in. And that's part of the gross margin take back.
Camilo Lyon -- Canaccord Genuity -- Analyst
Got it. And then, if I could just step back, you talked about hitting your margin targets a year early that continued supply chain benefits now stepping up your SG&A component invest behind some of these opportunities that you've called out. Where do you think your margins that allow that if you did a 16 this year, but you're looking to do kind of low-40s (ph) what's the right level of operating margin that can deliver on a more consistent basis.
Steven J. Fasching -- Chief Financial Officer
Yeah, it's a good question. That's one that we've talked a lot about, and I think the way we've looked at it. Part of delivering our plan a year ahead of schedule. We always had the investment in FY'20 and that's why we were able to bring through some of that additional profits. So as we were able to capture those savings and improvements in our business a year early. That's why you're seeing that flow-through really. And the 16% in operating margin. As we look going forward, we also recognize that we're delivering top tier performance among our peer group. And to be competitive, we know we have to make these investments. So to sustainably drive top line growth, it's important for us to put those investment dollars in as Dave talked about in marketing, in IT, in innovation to drive some of the product development that's going to help us propel top line growth. So as we look at it what we're guiding and some of the factors that 14.2% to 14.5% is good number. We believe for FY'20, there might be a little bit upside and that's kind of how we're looking at the business. So part of this and over delivery is all related to the strategy and the timing of when we were going to make those investments. And so being able to capture that early in FY'19 is what really drove us above what we would normally expect. Now as we get into kind of the strategy of investment that's why you're seeing that setback.
David Powers -- Chief Executive Officer, President and Director
Yeah. And I just to add on to what Steve said, I do believe now is the right time to start investing. As you know, over the last two, three years, we've been working on infrastructure and efficiencies and operationalizing the business improving SG&A as a percentage of sort of total sales. In the meantime, we've been strengthening the brands and controlling our marketplace. And we believe based off the strength of new categories in UGG the emergence of the Men's business and the strength of Hoka, and the success we're seeing in digital marketing now is the time to really start investing and so we want to make sure that we are fueling future growth for the out years and then we can continue this top tier performance, both from an operating perspective, but also start returning to higher levels of growth in revenue.
Camilo Lyon -- Canaccord Genuity -- Analyst
Great. And if I could just sneak in the last one. So, Dave, last quarter, you alluded to getting near a point of committee build longer term, mid single-digit growth algorithm on the top line, 4% to 5% this year. Are you ready to say that that's where you put that kind of a longer-term, one- to three-year top line objective out there?
David Powers -- Chief Executive Officer, President and Director
Yeah, I think, we delivered 6% the last two years in a row, which is better than we guided to an expected to do or plan to do, 4% to 5% this year as you heard as we just walked you through makes sense, I think, mid single-digit to low -- high single-digit growth over the next three years is what we're aiming for and that's why you're seeing the investments in the business this year.
Steven J. Fasching -- Chief Financial Officer
Yeah, I think one thing to note to Camilo is, as we look at the business and I think it's important to call out that $15 million that we talked about, where we shipped in Q4 versus Q1, really is FY'20 business. And so, if you were to equalize the two years, we would be showing more growth in FY'20, so you'd removing that from the FY'19 number and putting that $15 million in FY'20. And what you would see is a shift and you would see growth in '20 over the growth that we showed in '19. So it gets a little skewed because of that early shipments. But what we're showing is growth year-on-year-on-year.
Camilo Lyon -- Canaccord Genuity -- Analyst
Fantastic. Good job, guys. Good luck.
Steven J. Fasching -- Chief Financial Officer
Okay. Thanks.
David Powers -- Chief Executive Officer, President and Director
Thank you.
Operator
The next question comes from Jonathan Komp with Baird. Please go ahead.
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
Yeah. Hi. Thank you. Maybe just a follow-up to some of the discussion there, but maybe just a bigger picture question on the gross margin. I know a very strong year in the low-50s. Historically, when you look your good year was closer to 50% and then normal or even a unfavorable year was more in the mid-40s. So could you maybe just step back and kind of highlight a couple of the factors that you think are sustainable in terms of why 50% plus and maybe building that is the right level going forward.
David Powers -- Chief Executive Officer, President and Director
Yeah. So I think, when you look at the 51.5% that we delivered in FY'19. As we talked about our ability to get to that level was really driven by a lot of the improvements that we've made and planning supply chain efficiencies. The work that we've really been talking about really for the last two years. The additional components that kind of the lift from what we're guiding FY'22 to FY'19 we'll call kind of a better selling environment, cleaner channel inventory, and the non use of freight in FY'19.
So that's kind of 100 basis points and 150 basis points setback, we're saying in FY'20, really those components that we do not expect to repeat themselves. They could and if they do we seems to benefit from them, but from a more normalized, what we would say kind of operating mode. We think that 50%, 50.5% range is kind of the right range, which incorporates all the improvements that we've made. And using some freight as we identify our products and try to bring them into market earlier. So we think there may be a slightly larger freight component and that's part of also the setback.
I think, what's also embedded in and not clearly apparent in the guide is that we have a currency fluctuation, which is a headwind in FY'20 and were largely overcoming that with kind of some continued improvement plans that we have for FY'20. So we think that 50% to 50.5% in a normal operating year is kind of the right level based on all the work that we've been doing for the last couple of years.
Steven J. Fasching -- Chief Financial Officer
Yeah. And I would also add on to that is, could you referenced prior years of low end 45% and best-in-class kind of 50% range. Also keep in mind that we've been working hard to balance and diversified the business. So if you think about the UGG business today, it's much more balanced business with growth in new categories in Men's. We're less reliant on just one item in that one category of classics, although that's still important and we still have the improvements that you've seen in the last couple of years.
But in the business mix, which is becoming more important as Hoka which has healthy margins. And over the coming years, the growth in E-Commerce is going to be a benefit to margin as well. So I think all those things considered as Steve just mentioned, and the way we balance the business. The teams have done a great job there. I think this is the right level.
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
Okay. Great. That's certainly helpful. Maybe one separate question then. A little bit more, just like in perspective on the environment, certainly looks like seasonal fall, winter goods sell-through well this year so far. Channel inventories are clean, which you mentioned and that supporting the orders for next year. I want to ask you, I mean, certainly there is other pockets of softness that others are reporting, especially in some of the department store chains. And I'm just wondering if there are any point where you see risk about softness in other parts of the business, getting later into the year where you'd potentially risk some of the momentum you're seeing in your own categories or just any broader perspective on that dynamic?
David Powers -- Chief Executive Officer, President and Director
Yeah, I've seen some of the recent reports of kind of wholesale department store challenges. I think, our performance in those channels over the last two quarters has been very strong. The inventories are clean, the sell-throughs have been very healthy. The order book going into the back half of the year is good as well. And I think we're well positioned to be successful in those channels. But despite some macro challenges, they may have. We're certainly not immune to those. But I think the strength of our brands, particularly our brand in the back half of the year. Bodes well for the success of that business.
There's obviously an athletic trend going on out there and we're starting to gain some momentum in sneakers and key areas of that sort, but the innovation in the UGG brand through slippers and hybrid slippers and winter boots has been very strong as well. So while that athletic trend is going on, we're having success in our own way in different unique categories and capitalizing on that. I think we still have challenges in Europe, I think that's one thing we're working through and hence the conservative nature of the guide from a European perspective and cleaning up that marketplace. If I was to say there is a risk somewhere that we see in the business for the back half of the year. It is -- the potential there to continue to be soft, particularly with some of the macro level environmental things that are going on in that region. Is that makes sense?
Steven J. Fasching -- Chief Financial Officer
Yeah, I think, just one other thing Jon. And I think, Dave, what he just said was kind of spot on. I think there one there is always risk. Right? You never quite certain what may happen with retailer or other factors that may influence it. But I think one thing and it's really demonstrated by our results coming out of this year is, how well our brands have performed with retailers. And I think that speaks to the strength of our brands and what we're doing. I think with our strong backlog, it's showing a commitment on the part of our sales partners and their commitment to our brands that we are resonating with consumers and our products are selling through well and that's further demonstrated really by the clean inventory.
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
That's all. Very encouraging to hear. Best of luck.
Steven J. Fasching -- Chief Financial Officer
Okay. Thanks, Jon.
David Powers -- Chief Executive Officer, President and Director
Thanks, gentlemen.
Operator
The next question comes from Sam Poser with Susquehanna. Please go ahead.
Sam Poser -- Susquehanna International Group -- Analyst
Thank you for taking my questions. I have a few. First of all, your Teva business, you are getting a lot of press there. So could you give us some idea of given the switch of Teva over to the -- to a distributor model, what sort of what the wholesale equivalent sales would look like both in, let's say the fourth quarter results and in the full-year guidance?
David Powers -- Chief Executive Officer, President and Director
Yeah, in terms of switching, we didn't give that number. I just probably about -- I would say kind of $5-ish million.
Sam Poser -- Susquehanna International Group -- Analyst
Is that a $5 million?
Steven J. Fasching -- Chief Financial Officer
Yeah, it's. So it's important, I would say to the brand. And they are overcoming that with what we're providing in our guidance. And so that's why kind of again on the surface. What might not look like significant growth, the brand is still growing because they're overcoming really that's wish.
Sam Poser -- Susquehanna International Group -- Analyst
Just in Europe?
Steven J. Fasching -- Chief Financial Officer
Yeah.
David Powers -- Chief Executive Officer, President and Director
And you'll see positive improvement from a unit perspective as a result of that, but obviously that the revenue hit being overcome.
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
Thank you. And then secondly, two things with Hoka. Number one, could you talk about other collaborations that you're working on all success are not or what you had recently? And then also of as the business growth, I mean, sort of what are the step-up as far as getting more scale even potentially think more desire.
Steven J. Fasching -- Chief Financial Officer
Yeah, I think, some of the collaborations than you've seen engineered garments and a few others. Those have been successful at creating energy and excitement for the brand with the broader consumer base. And I think it's important to keep in mind that brands are seeking out Hoka, because they want to work with Hoka because of its performance for the positioning and its authenticity in the running space, they'll continue to do that in a very strategic and selective way, we're not looking to use collaborations as of huge revenue driver. I think that's the brand is not in that situation right now, we still want to stay remain true to the score running community and performance-based authenticity the brand. So we use those, and we'll continue to do those at the high end of of the distribution chain and using key partners to bring some of that product from a lifestyle perspective to the marketplace. But the real focus remains remains on the performance categories and continue expand that. Right now with your question on growth we're seeing tremendous success with the current distribution strategy. We think that's right and continuing that for the short term at least for the next couple of years and really driving improvements in our e-commerce channel where we can continue to cultivate the lifetime value of that consumers.
So we know there is bigger opportunities out there in the big box and broader distribution. We're keeping an eye on that, but we think the right thing right now is to grow this brand strategically in a healthy way with high margins, high sell-through and creates some demand and desire for them consumer versus blowing this out to a broader distribution at this time.
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
But that wasn't my question. My question really was from production capacity. You had a big growth 40% growth can get 25%-ish growth next year. And it sounds like, so what point do you hit a scale production of number of shoes in the market where you're -- where you can do even better on the price. I was more talking about from a sourcing perspective like that. I mean, do you guys step up as far as number appears markets that you would then get better pricing, as the brand growth.
David Powers -- Chief Executive Officer, President and Director
Yeah, we've been working with the same partners over the last few years. Strategically with the couple of partners that can handle the complexity of the product. And the improving innovation of the product over time, and that relationship hasn't been great. And they have the ability to scale up as our business grows there seeing the potential of the Hoka brand.
They're excited about it, they're willing to invest in additional sourcing and production facilities to do that. And that's one of the benefits of a strong platform at Decker, is that we have great partners who see our potential and are willing to invest and grow with us over time. So that hasn't surfaced has a concern from our supply chain teams and the brand and I think we're well positioned to sustain this level of growth from a sourcing perspective .
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
And then last two. Europe and Asia. How long will they take to sort of get on the platform, the brand platform that the US is on, you talked about working on the UK. And then secondly, how much demand within your guidance, so I mean, how much demand do you think you're left on the table last year and sort of how much within your guidance you perceive your leaving out you'll leave on the table without I guess in the US more -- so than outside the US this year.
David Powers -- Chief Executive Officer, President and Director
Yeah, I think, this year, we just came off a healthy and the federal meeting last week with the international piece and talking about the game plan for international business. Europe and China are very different markets. One is a mono brand market. One is obviously a complex wholesale market. So they require different strategies, but both of those will receive attention this year. I think that you'll see, start to see a turnaround the business coming out of this year and going into FY'21 returning back to growth in a healthy way.
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
Thank you very much and continued success.
David Powers -- Chief Executive Officer, President and Director
Thanks, Sam.
Operator
The next question comes from Rafe Jadrosich with Bank of America Merrill Lynch. Please go ahead.
Rafe Jadrosich -- Bank of America Merrill Lynch -- Analyst
Hi, good afternoon. Thanks for taking my question.
Steven J. Fasching -- Chief Financial Officer
Sure.
Rafe Jadrosich -- Bank of America Merrill Lynch -- Analyst
I just wanted to follow up a little bit on Europe. Can you talk about what are the changes you're making in the segmentation strategy will be similar to the US. Do you have a lot of distribution that you need to close. And then what would be the revenue impact this year?
David Powers -- Chief Executive Officer, President and Director
Yeah, it's Dave. It's very much similar to what we did in the US. And we've been cultivating a little bit of some of the new distribution in the UK, particularly following what we did with accounts like Foot Locker and Footaction and Urban Outfitters in North America. So we started some of that last year. I think the best way to think about it is, it requires a pullback of inventory in the marketplace that requires a repositioning of the classic core, classic business in that marketplace through marketing, PR and events to highlight in a new way for that consumer.
And then segment product by account, similar to what we did in North America. So we have an existing distribution network there that -- it's worked very well for us, making sure that they are differentiated from some of the new accounts we're bringing on that are focused on a younger more sports lifestyle consumer. And then augmenting that with the appropriate marketing in both those channels. And honesty we pulled back on marketing a little bit last year in order to make sure that we're driving profitability in the right areas. Part of the reinvestment in marketing this year is focused on the UK marketplace in particular to bring back heat and energy to that business and then a tight control distribution with the segment and offering is the formula that we're employing and has worked well in North America.
Rafe Jadrosich -- Bank of America Merrill Lynch -- Analyst
Thank you. And then in terms of Hoka. Can you talk about the international opportunity? And maybe what's the mix of domestic versus international today? And how do you see that changing?
David Powers -- Chief Executive Officer, President and Director
Yeah, I think as you saw, we grew 59% internationally last year in Hoka, it continues to be incredible upside in that market. There is strength and momentum in the European market. We have healthy distribution there. The brand is in a premium positioning and selling through well, and as we expanded to new categories you're going to see continued growth in Europe. China is early, early days. We don't have awareness there yet. We don't have a direct business really established to go after that market in a healthy way yet, so that's down the road, but we are seeing real strong success year-to-date are so far in Japan where the brand is very positioned very well. And is seen as a really desirable performance running brand in that marketplace. So I think the mix, I'll let Steve speak to the exact mix or what that business looks like today. But we do see international being a significant driver of growth going forward. Inclusive of e-commerce in those markets delve.
Steven J. Fasching -- Chief Financial Officer
Yeah, I mean, roughly on the mix, it's about two-thirds kind of domestic one-third international at this point, with both areas still growing.
David Powers -- Chief Executive Officer, President and Director
Growing actually. Yeah.
Rafe Jadrosich -- Bank of America Merrill Lynch -- Analyst
Yeah. Thank you. And just a last question from me. You've been pretty aggressive buying back your own stock the last couple of years. What's sort of the strategy for share repurchase going forward. I know it's not baked into your guidance or anything, but how should we (inaudible).
David Powers -- Chief Executive Officer, President and Director
Yeah. So we don't include any share repurchase in our agreement. As you know, we recently expanded it in January to $350 million. We still view share repurchase as a great way to drive value back to our shareholders. We've been more aggressive as of late -- really over the last two years. We think the $350 million gives us further opportunity, we don't comment specifically on and to repurchase, but again see it as a great way .
Rafe Jadrosich -- Bank of America Merrill Lynch -- Analyst
Okay, great. Thank you.
Operator
The next question comes from Tom Nikic with Wells Fargo. Please go ahead.
Tom Nikic -- Wells Fargo -- Analyst
Hi, everybody. Thanks for taking my question. I just wanted to ask about the DTC channel. I know you're guiding to flat to slightly positive comps, but how should we think about store closures and any quantification around the lost revenue related to the store closures would be tremendously helpful. Thanks.
David Powers -- Chief Executive Officer, President and Director
Yeah, there is embedded in the guidance a little bit of loss revenue with as a result of store closures. There will be net-net more closures and openings in FY'20. We're having great C-Commerce strength, which is offset by softness in retail stores. So you're seeing that in the guidance for DTC. We're continuing to optimize the retail fleet getting to the right level of stores that we think is best for the brand and the business overall to cover that touch point for the consumer. Retail will remain an important part of our strategy going forward, particularly as word showcasing additional categories and on a global scale. So we're still in the optimization mode of the retail fleet. But I think we're making great progress. I know making great progress. What we need to focus now on going forward is improving the experience in the store driving traffic and leveraging that to help drive the E-Commerce business over time.
Tom Nikic -- Wells Fargo -- Analyst
Got it. And then just one quick follow-up on the investments this year, which drives, I guess, SG&A growth at a little bit higher than what we've seen in the last few years. Can you just remind us of what some of the big areas of investment are? I would imagine some of it is demand creation for Hoka and just various other initiatives, but just sort of a high level overview of what the investments are going toward would be great. Thanks.
David Powers -- Chief Executive Officer, President and Director
Yeah, happy to do that. So the biggest investment this year is around marketing. It's a combination of really three things, one is UGG to drive interest and growth in emerging categories as well as I mentioned earlier a little bit in the UK to reboot that market. Hoka is another beneficiary of invested dollars in marketing this year. We're seeing great return on ad spend in the Hoka brand as well as creating awareness and buzz at a high level at the top of the funnel. We're going to continue to invest in that business, because we believe there is potential, tremendous potential upside for the brand, and it's all about getting shoes on feet, because we've learned that once you get a shoe, the Hoka brand on someone, they become consumers for a long time, and then we can really build on that. So it's a global approach for both of those brands, but really driving awareness of new categories in Hoka for a long-term growth.
In addition to that, we're really focused on enhancing our digital marketing capabilities, we're adding some new capabilities this year, around personalization for our consumers and our websites and social media. And then just better data and analytics capabilities from an IT perspective to be able to use some of those real time insights that we can make quicker and more nimble decisions on marketing and product to market. So it's a combination of those three areas for marketing and IT perspective. And then also investing in innovation across all of our brands. I think you saw the success of one of our most innovative product recently with the Carbon X. Great example of how the innovation is working within the brands and feeling excitement and upside potential for all of our brands are going to continue to invest in that area of the business as well.
Tom Nikic -- Wells Fargo -- Analyst
All right. Sounds good. Best of luck this year.
David Powers -- Chief Executive Officer, President and Director
Alright. Thank you.
Operator
Now concluded. Thank you for attending today's presentation. You may now -- this is now concluded. Thank you for attending today's presentation. You may now disconnect.
Duration: 64 minutes
Call participants:
Erinn Kohler -- Senior Director, Investor Relations and Corporate Planning
David Powers -- Chief Executive Officer, President and Director
Steven J. Fasching -- Chief Financial Officer
Camilo Lyon -- Canaccord Genuity -- Analyst
Jonathan Komp -- Robert W. Baird & Co. -- Analyst
Sam Poser -- Susquehanna International Group -- Analyst
Rafe Jadrosich -- Bank of America Merrill Lynch -- Analyst
Tom Nikic -- Wells Fargo -- Analyst
More DECK analysis
All earnings call transcripts
10 stocks we like better than Deckers Outdoor
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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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The views and 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 (NYSE: DECK) Q4 2019 Earnings Call May 23, 2019, 4:30 p.m. Welcome to the Deckers Brands' Fourth Quarter and Fiscal Year 2019 Earnings Conference Call. It gives me great pleasure to share with you that Deckers has achieved a significant milestone in its history.
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Duration: 64 minutes Call participants: Erinn Kohler -- Senior Director, Investor Relations and Corporate Planning David Powers -- Chief Executive Officer, President and Director Steven J. Fasching -- Chief Financial Officer Camilo Lyon -- Canaccord Genuity -- Analyst Jonathan Komp -- Robert W. Baird & Co. -- Analyst Sam Poser -- Susquehanna International Group -- Analyst Rafe Jadrosich -- Bank of America Merrill Lynch -- Analyst Tom Nikic -- Wells Fargo -- Analyst More DECK analysis All earnings call transcripts 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q4 2019 Earnings Call May 23, 2019, 4:30 p.m. Welcome to the Deckers Brands' Fourth Quarter and Fiscal Year 2019 Earnings Conference Call.
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Duration: 64 minutes Call participants: Erinn Kohler -- Senior Director, Investor Relations and Corporate Planning David Powers -- Chief Executive Officer, President and Director Steven J. Fasching -- Chief Financial Officer Camilo Lyon -- Canaccord Genuity -- Analyst Jonathan Komp -- Robert W. Baird & Co. -- Analyst Sam Poser -- Susquehanna International Group -- Analyst Rafe Jadrosich -- Bank of America Merrill Lynch -- Analyst Tom Nikic -- Wells Fargo -- Analyst More DECK analysis All earnings call transcripts 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q4 2019 Earnings Call May 23, 2019, 4:30 p.m. Welcome to the Deckers Brands' Fourth Quarter and Fiscal Year 2019 Earnings Conference Call.
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Duration: 64 minutes Call participants: Erinn Kohler -- Senior Director, Investor Relations and Corporate Planning David Powers -- Chief Executive Officer, President and Director Steven J. Fasching -- Chief Financial Officer Camilo Lyon -- Canaccord Genuity -- Analyst Jonathan Komp -- Robert W. Baird & Co. -- Analyst Sam Poser -- Susquehanna International Group -- Analyst Rafe Jadrosich -- Bank of America Merrill Lynch -- Analyst Tom Nikic -- Wells Fargo -- Analyst More DECK analysis All earnings call transcripts 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Deckers Outdoor Corp (NYSE: DECK) Q4 2019 Earnings Call May 23, 2019, 4:30 p.m. Welcome to the Deckers Brands' Fourth Quarter and Fiscal Year 2019 Earnings Conference Call.
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ad82dc9e-2bc1-4778-9e2b-97d987a93215
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724187.0
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2019-05-23 00:00:00 UTC
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Deckers Outdoor Corp Q4 adjusted earnings Beat Estimates
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-q4-adjusted-earnings-beat-estimates-2019-05-23
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(RTTNews) - Deckers Outdoor Corp (DECK) released earnings for its fourth quarter that increased from last year.
The company's bottom line came in at $23.97 million, or $0.82 per share. This compares with $20.62 million, or $0.66 per share, in last year's fourth quarter.
Excluding items, Deckers Outdoor Corp reported adjusted earnings of $24.88 million or $0.85 per share for the period.
Analysts had expected the company to earn $0.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 1.6% to $394.13 million from $400.68 million last year.
Deckers Outdoor Corp earnings at a glance:
-Earnings (Q4): $24.88 Mln. vs. $15.70 Mln. last year. -EPS (Q4): $0.85 vs. $0.50 last year. -Analysts Estimate: $0.07 -Revenue (Q4): $394.13 Mln vs. $400.68 Mln last year.
-Guidance: Next quarter EPS guidance: ($1.25) - ($1.15). Next quarter revenue guidance: $250.0 - $260.0 Mln
The views and 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 earnings for its fourth quarter that increased from last year. Excluding items, Deckers Outdoor Corp reported adjusted earnings of $24.88 million or $0.85 per share for the period. Deckers Outdoor Corp earnings at a glance: -Earnings (Q4): $24.88 Mln.
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(RTTNews) - Deckers Outdoor Corp (DECK) released earnings for its fourth quarter that increased from last year. Excluding items, Deckers Outdoor Corp reported adjusted earnings of $24.88 million or $0.85 per share for the period. Deckers Outdoor Corp earnings at a glance: -Earnings (Q4): $24.88 Mln.
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(RTTNews) - Deckers Outdoor Corp (DECK) released earnings for its fourth quarter that increased from last year. Excluding items, Deckers Outdoor Corp reported adjusted earnings of $24.88 million or $0.85 per share for the period. Deckers Outdoor Corp earnings at a glance: -Earnings (Q4): $24.88 Mln.
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Excluding items, Deckers Outdoor Corp reported adjusted earnings of $24.88 million or $0.85 per share for the period. (RTTNews) - Deckers Outdoor Corp (DECK) released earnings for its fourth quarter that increased from last year. Deckers Outdoor Corp earnings at a glance: -Earnings (Q4): $24.88 Mln.
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acf9cbc6-ef58-4d01-8c4f-bc1b5d4d2006
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724188.0
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2019-05-23 00:00:00 UTC
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Deckers Outdoor Q4 19 Earnings Conference Call At 4:30 PM ET
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-q4-19-earnings-conference-call-4%3A30-pm-et-2019-05-23
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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on May 23, 2019, to discuss Q4 19 earnings results.
To access the live webcast, log on to www.deckers.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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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on May 23, 2019, to discuss Q4 19 earnings results. To access the live webcast, log on to www.deckers.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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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on May 23, 2019, to discuss Q4 19 earnings results. To access the live webcast, log on to www.deckers.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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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on May 23, 2019, to discuss Q4 19 earnings results. To access the live webcast, log on to www.deckers.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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(RTTNews) - Deckers Outdoor Corp. (DECK) will host a conference call at 4:30 PM ET on May 23, 2019, to discuss Q4 19 earnings results. To access the live webcast, log on to www.deckers.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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e662d83a-15ce-41aa-940f-55039aee1f88
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724189.0
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2019-05-21 00:00:00 UTC
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Noteworthy Tuesday Option Activity: NVCR, VRNT, DECK
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DECK
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-nvcr-vrnt-deck-2019-05-21
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in NovoCure Ltd (Symbol: NVCR), where a total of 2,850 contracts have traded so far, representing approximately 285,000 underlying shares. That amounts to about 60.6% of NVCR's average daily trading volume over the past month of 470,045 shares. Especially high volume was seen for the $55 strike call option expiring June 21, 2019, with 1,121 contracts trading so far today, representing approximately 112,100 underlying shares of NVCR. Below is a chart showing NVCR's trailing twelve month trading history, with the $55 strike highlighted in orange:
Verint Systems, Inc (Symbol: VRNT) saw options trading volume of 2,703 contracts, representing approximately 270,300 underlying shares or approximately 59.2% of VRNT's average daily trading volume over the past month, of 456,295 shares. Especially high volume was seen for the $60 strike call option expiring September 20, 2019, with 928 contracts trading so far today, representing approximately 92,800 underlying shares of VRNT. Below is a chart showing VRNT's trailing twelve month trading history, with the $60 strike highlighted in orange:
And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 2,520 contracts thus far today. That number of contracts represents approximately 252,000 underlying shares, working out to a sizeable 58.8% of DECK's average daily trading volume over the past month, of 428,575 shares. Particularly high volume was seen for the $145 strike put option expiring June 21, 2019, with 2,142 contracts trading so far today, representing approximately 214,200 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $145 strike highlighted in orange:
For the various different available expirations for NVCR options, VRNT 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 $145 strike put option expiring June 21, 2019, with 2,142 contracts trading so far today, representing approximately 214,200 underlying shares of DECK. Below is a chart showing VRNT's trailing twelve month trading history, with the $60 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 2,520 contracts thus far today. That number of contracts represents approximately 252,000 underlying shares, working out to a sizeable 58.8% of DECK's average daily trading volume over the past month, of 428,575 shares.
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Below is a chart showing VRNT's trailing twelve month trading history, with the $60 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 2,520 contracts thus far today. That number of contracts represents approximately 252,000 underlying shares, working out to a sizeable 58.8% of DECK's average daily trading volume over the past month, of 428,575 shares. Particularly high volume was seen for the $145 strike put option expiring June 21, 2019, with 2,142 contracts trading so far today, representing approximately 214,200 underlying shares of DECK.
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Below is a chart showing VRNT's trailing twelve month trading history, with the $60 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 2,520 contracts thus far today. That number of contracts represents approximately 252,000 underlying shares, working out to a sizeable 58.8% of DECK's average daily trading volume over the past month, of 428,575 shares. Particularly high volume was seen for the $145 strike put option expiring June 21, 2019, with 2,142 contracts trading so far today, representing approximately 214,200 underlying shares of DECK.
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Particularly high volume was seen for the $145 strike put option expiring June 21, 2019, with 2,142 contracts trading so far today, representing approximately 214,200 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $145 strike highlighted in orange: For the various different available expirations for NVCR options, VRNT options, or DECK options, visit StockOptionsChannel.com. Below is a chart showing VRNT's trailing twelve month trading history, with the $60 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 2,520 contracts thus far today.
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94fbcbf5-ca18-44c9-87de-ee34a8f0b415
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724190.0
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2019-05-13 00:00:00 UTC
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Deckers Outdoor Becomes Oversold (DECK)
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-becomes-oversold-deck-2019-05-13
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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 $137.20 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 35.5. 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 $97.78 per share, with $159.75 as the 52 week high point — that compares with a last trade of $138.35.
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 $137.20 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 $97.78 per share, with $159.75 as the 52 week high point — that compares with a last trade of $138.35.
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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 $97.78 per share, with $159.75 as the 52 week high point — that compares with a last trade of $138.35. 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 $137.20 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 $137.20 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 $97.78 per share, with $159.75 as the 52 week high point — that compares with a last trade of $138.35.
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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 $137.20 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 $97.78 per share, with $159.75 as the 52 week high point — that compares with a last trade of $138.35.
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27ecfbc9-771b-4c41-bab5-99ab3bd72bee
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724191.0
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2019-04-23 00:00:00 UTC
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Noteworthy Tuesday Option Activity: DECK, GRUB, AXL
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DECK
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity-deck-grub-axl-2019-04-23
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Deckers Outdoor Corp. (Symbol: DECK), where a total of 2,052 contracts have traded so far, representing approximately 205,200 underlying shares. That amounts to about 50.2% of DECK's average daily trading volume over the past month of 409,110 shares. Particularly high volume was seen for the $150 strike put option expiring June 21, 2019, with 1,727 contracts trading so far today, representing approximately 172,700 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $150 strike highlighted in orange:
GrubHub Inc (Symbol: GRUB) options are showing a volume of 10,415 contracts thus far today. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 49.6% of GRUB's average daily trading volume over the past month, of 2.1 million shares. Particularly high volume was seen for the $65 strike put option expiring April 26, 2019, with 1,165 contracts trading so far today, representing approximately 116,500 underlying shares of GRUB. Below is a chart showing GRUB's trailing twelve month trading history, with the $65 strike highlighted in orange:
And American Axle & Manufacturing Holdings Inc (Symbol: AXL) saw options trading volume of 7,154 contracts, representing approximately 715,400 underlying shares or approximately 48.9% of AXL's average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $16 strike call option expiring May 17, 2019, with 5,373 contracts trading so far today, representing approximately 537,300 underlying shares of AXL. Below is a chart showing AXL's trailing twelve month trading history, with the $16 strike highlighted in orange:
For the various different available expirations for DECK options, GRUB options, or AXL 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 $150 strike put option expiring June 21, 2019, with 1,727 contracts trading so far today, representing approximately 172,700 underlying shares of DECK. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Deckers Outdoor Corp. (Symbol: DECK), where a total of 2,052 contracts have traded so far, representing approximately 205,200 underlying shares. That amounts to about 50.2% of DECK's average daily trading volume over the past month of 409,110 shares.
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Below is a chart showing DECK's trailing twelve month trading history, with the $150 strike highlighted in orange: GrubHub Inc (Symbol: GRUB) options are showing a volume of 10,415 contracts thus far today. Below is a chart showing AXL's trailing twelve month trading history, with the $16 strike highlighted in orange: For the various different available expirations for DECK options, GRUB options, or AXL options, visit StockOptionsChannel.com. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Deckers Outdoor Corp. (Symbol: DECK), where a total of 2,052 contracts have traded so far, representing approximately 205,200 underlying shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Deckers Outdoor Corp. (Symbol: DECK), where a total of 2,052 contracts have traded so far, representing approximately 205,200 underlying shares. Below is a chart showing AXL's trailing twelve month trading history, with the $16 strike highlighted in orange: For the various different available expirations for DECK options, GRUB options, or AXL options, visit StockOptionsChannel.com. That amounts to about 50.2% of DECK's average daily trading volume over the past month of 409,110 shares.
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Below is a chart showing AXL's trailing twelve month trading history, with the $16 strike highlighted in orange: For the various different available expirations for DECK options, GRUB options, or AXL options, visit StockOptionsChannel.com. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Deckers Outdoor Corp. (Symbol: DECK), where a total of 2,052 contracts have traded so far, representing approximately 205,200 underlying shares. That amounts to about 50.2% of DECK's average daily trading volume over the past month of 409,110 shares.
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43bdde41-ed4f-439c-a395-d35dd3e9c062
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724192.0
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2019-03-27 00:00:00 UTC
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Bull of the Day: Deckers (DECK)
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DECK
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https://www.nasdaq.com/articles/bull-day-deckers-deck-2019-03-27
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nan
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Decker Brands (DECK) is hitting on all cylinders as shoes remain a hot fashion item. This Zacks Rank #1 (Strong Buy) is expected to grow earnings by the double digits in fiscal 2019.
Deckers Brands designs, manufactures and distributes footwear, apparel and accessories. It's most prominent brand is UGG, but it also owns Koolaburra, HOKA ONE ONE, Teva and Sanuk.
It's products are sold around the world in department and specialty stores as well as company-owned and operated retail stores. Deckers also operates an online store at deckers.com.
Huge Beat in the Fiscal Third Quarter
On Jan 31, Deckers reported its fiscal third quarter 2019 results and blew by the Zacks Consensus by 24%. Earnings were $6.59 versus the consensus of $5.31.
It was the 8th consecutive earnings beat for the company.
Net sales jumped 7.8% to a record $873.8 million up from $810.5 million in the year ago quarter. Sales were propelled by its flagship brand, UGG, which rose 3.6% to $761 million in the quarter.
The business had momentum over the winter holidays.
HOKA ONE ONE also had a great quarter as sales rose 79.2% to $56.9 million from $31.8 million a year ago.
Teva continues to grow its market as sales jumped 17.5% to $22.9 million from $19.5 million in the prior year. Teva has apparently become a favorite of instagrammers and those in fashion per this recent article in the Daily Mail .
Deckers has to love publicity like this about one of its smaller brands.
Even the smallest brand, Sanuk, saw sales gains of 7% to $12.9 million.
Gross margin rose to 53.8% from 52.2% in the third quarter of the prior year.
Raised Full Year Guidance Again
After another strong quarter, and for the second quarter in a row, Deckers raised its fiscal 2019 full year guidance.
It gave a guidance range of $7.85 to $7.95 which is up from its prior guidance range of $6.65 to $6.85.
With such a big increase, it's not surprising that the analysts moved to raise their estimates and get within the guidance range now.
The fiscal 2019 Zacks Consensus Estimate jumped to $7.93 from $6.91 over the past 2 months as 4 estimates were revised higher.
That's earnings growth of 38.2% as the company only made $5.74 last year.
But what about fiscal 2020 that is starting in the middle of this calendar year?
Analysts are still bullish that the good times will continue. 4 estimates were revised higher for fiscal 2020 over the past 2 months as well, which pushed the Zacks Consensus up to $8.32 from $7.36 over the last 60 days.
That's another 5% earnings growth.
Shares Up Big Since 2017
If you bought into the company's turnaround plan, you would have bought in sometime in 2017.
Shares are up 140% over the last 2 years and 12% year-to-date.
Yet they still have an attractive P/E of just 18 which makes it a bargain compared to other hot retailers like lululemon (LULU) which trades at 33x.
The company is also shareholder friendly as it just increased its share purchase program by another $261 million for a total of $350 million.
For investors looking for a solid retail and consumer play for their portfolio, Deckers is one to keep on the shortlist.
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Decker Brands (DECK) is hitting on all cylinders as shoes remain a hot fashion item. Deckers Brands designs, manufactures and distributes footwear, apparel and accessories. Deckers also operates an online store at deckers.com.
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Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Decker Brands (DECK) is hitting on all cylinders as shoes remain a hot fashion item. Deckers Brands designs, manufactures and distributes footwear, apparel and accessories.
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Huge Beat in the Fiscal Third Quarter On Jan 31, Deckers reported its fiscal third quarter 2019 results and blew by the Zacks Consensus by 24%. Raised Full Year Guidance Again After another strong quarter, and for the second quarter in a row, Deckers raised its fiscal 2019 full year guidance. Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Huge Beat in the Fiscal Third Quarter On Jan 31, Deckers reported its fiscal third quarter 2019 results and blew by the Zacks Consensus by 24%. Raised Full Year Guidance Again After another strong quarter, and for the second quarter in a row, Deckers raised its fiscal 2019 full year guidance. Decker Brands (DECK) is hitting on all cylinders as shoes remain a hot fashion item.
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6b6139c5-7323-40f0-9f08-a39c535bb072
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724193.0
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2019-03-25 00:00:00 UTC
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Is US Economy Headed for Recession? 5 Low-Beta Picks
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DECK
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https://www.nasdaq.com/articles/us-economy-headed-recession-5-low-beta-picks-2019-03-25
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nan
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nan
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On Mar 22, Wall Street routed on yield curve inversion between the 3-month US Treasury Note and 10-year US Treasury Note. The yield inversion was primarily owing to apprehensions of a global economic slowdown, which will certainly affect the U.S. economy, especially exports.
Although a recession is not in sight for now, volatility in the stock market will persist in the near term. Notably, US - China trade related problem is yet to be resolved and first-quarter 2019 earnings expectations are negative at present.
Yield Curve Inversion: Signaling Recession
On Mar 20, the Fed decided not to hike interest rate in 2019. It also decided to end its balance sheet reduction program in September. The central bank adopted this overtly cautious approach after lowering U.S. GDP growth rate to 2.1% in 2019 from 2.3% projected in December.
Following extra dovish stance of the Fed, yield on benchmark 10-year US Treasury Note declined to 2.437%, its lowest since January 2018. Yield on 5-year US Treasury Note and 2-year US Treasury Note declined to 2.42 and 2.32%, respectively. However, yield on short-term 3-month U.S. Treasury Note stood at 2.459%.
The yields declined as investors transfer their money from risky assets like equities to safe-haven government bonds. The yield curve (which measures interest at any given point of time for bonds of same quality but different maturity dates) of government bonds are generally upward sloping, implying a higher rate of interest is needed for individuals to hold longer maturity bonds.
On Mar 22, yield on 3-month US Treasury Note surged ahead of 2-year, 5-year ad 10-year US Treasury Notes. Yield curve inversion is generally characterized as market's diminishing expectations about future economic growth. In fact, several financial experts consider inversion between the 3-month and 10-year bond yields as a clear indication of an upcoming recession. This happens for the first time since 2007.
Concerns About Global Economic Growth
Although the Fed is relatively bullish on the fundamentals of the U.S. economy, the central bank is concerned about economic downturn in China and Eurozone - two of the largest trading blocks of the United States. This might cool down the country's economic fortunes.
On Mar 22, IHS Marki t report ed that manufacturing PMI of Germany fell to 51.9 in March, its 69-month low. The manufacturing PMI of France also contracted in March to 48.7. The composite manufacturing PMI for the Eurozone fell to 51.3 in March from 51.9 in February. On Mar 4, the Chinese authority pegged the country's growth rate in the range of 6 - 6.5% in 2019. Notably, China's growth rate in 2018 was 6.6%, its lowest growth rate since 1990.
Trade Problems Unresolved, Bleak Earnings Expectations
The year-long tariff related issues between the United States and China is yet to be completely resolved. The IMF cautioned that prolonged trade conflict between the United States and China could result in global economic slowdown in 2019.
First-quarter 2019 consolidated earnings is expected to decline. At present, total earnings for the broad-market S&P 500 index are expected to be down by 3.3% from the same period last year on 5% higher revenues. If actual first quarter earnings growth turns out to be negative, it will be the firs t earnings decline since the second quarter of 2016. (Read More: Soft Start to Q1 Earnings Season)
Our Top Picks
At this juncture, it will be prudent to invest in in low-beta stocks with favorable Zacks Rank to keep one's portfolio safe from day-to-day market fluctuations. The beta is equal to 1 which means that the stock is as volatile as the market. So, a stock is relatively more volatile if it has beta greater than 1 and less volatile if beta is less than 1. However, picking winning stocks can be a difficult task.
This is where our VGM Score comes in handy, which helps us to select winners. We narrowed down our search on five stocks. Each of these stock have a Zacks Rank #1 (Strong Buy) and a VGM Score A or B. You can see the complete list of today's Zacks #1 Rank stocks here .
The chart below shows price performance of our five picks year to date.
America's Car-Mart Inc.CRMT operates as an automotive retailer in the United States. It has a beta of 0.88 and a VGM Score of A. It has expected earnings growth of 78.6% for current year. The Zacks Consensus Estimate for the current year has improved by 11.2% over the last 60 days.
Rent-A-Center Inc.RCII leases household durable goods to customers on a rent-to-own basis. It has a beta of 0.27 and a VGM Score of B. It has expected earnings growth of 77.4% for current year. The Zacks Consensus Estimate for the current year has improved by 3.3% over the last 60 days.
Deckers Outdoor Corp.DECK designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It has a beta of 0.72 and a VGM Score of B. It has expected earnings growth of 38.2% for current year. The Zacks Consensus Estimate for the current year has improved by 14.8% over the last 60 days.
Abercrombie & Fitch Co.ANF operates as a specialty retailer of two segments - Hollister and Abercrombie. It has a beta of 0.56 and a VGM Score of A. It has expected earnings growth of 20.9% for current year. The Zacks Consensus Estimate for the current year has improved by 41.8% over the last 60 days.
Anthem Inc.ANTM operates as a health benefits company in the United States. It has a beta of 0.93 and a VGM Score of A. It has expected earnings growth of 20.4% for current year. The Zacks Consensus Estimate for the current year has improved by 8.8% over the last 60 days.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 - 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks 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
America's Car-Mart, Inc. (CRMT): Free Stock Analysis Report
Rent-A-Center, Inc. (RCII): Free Stock Analysis Report
Anthem, Inc. (ANTM): Free Stock Analysis Report
Abercrombie & Fitch Company (ANF): 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.
The views and 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 designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. Click to get this free report America's Car-Mart, Inc. (CRMT): Free Stock Analysis Report Rent-A-Center, Inc. (RCII): Free Stock Analysis Report Anthem, Inc. (ANTM): Free Stock Analysis Report Abercrombie & Fitch Company (ANF): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Trade Problems Unresolved, Bleak Earnings Expectations The year-long tariff related issues between the United States and China is yet to be completely resolved.
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Click to get this free report America's Car-Mart, Inc. (CRMT): Free Stock Analysis Report Rent-A-Center, Inc. (RCII): Free Stock Analysis Report Anthem, Inc. (ANTM): Free Stock Analysis Report Abercrombie & Fitch Company (ANF): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp.DECK designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. Yield Curve Inversion: Signaling Recession On Mar 20, the Fed decided not to hike interest rate in 2019.
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Click to get this free report America's Car-Mart, Inc. (CRMT): Free Stock Analysis Report Rent-A-Center, Inc. (RCII): Free Stock Analysis Report Anthem, Inc. (ANTM): Free Stock Analysis Report Abercrombie & Fitch Company (ANF): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp.DECK designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It has expected earnings growth of 78.6% for current year.
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Deckers Outdoor Corp.DECK designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. Click to get this free report America's Car-Mart, Inc. (CRMT): Free Stock Analysis Report Rent-A-Center, Inc. (RCII): Free Stock Analysis Report Anthem, Inc. (ANTM): Free Stock Analysis Report Abercrombie & Fitch Company (ANF): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Yield Curve Inversion: Signaling Recession On Mar 20, the Fed decided not to hike interest rate in 2019.
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db331896-16cb-4b37-b7fb-f570fdbf300a
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724194.0
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2019-03-22 00:00:00 UTC
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NIKE (NKE) Q3 Earnings Top Estimates, Soft Q4 View Hurts Stock
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DECK
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https://www.nasdaq.com/articles/nike-nke-q3-earnings-top-estimates-soft-q4-view-hurts-stock-2019-03-22
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nan
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nan
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NIKE Inc.NKE delivered stellar third-quarter fiscal 2019 results, wherein earnings and sales surpassed estimates. The reported quarter reflected revenue growth, backed by strength in Wholesale and NIKE Direct businesses as well as solid execution of Consumer Direct Offense, which led to growth across all regions.
However, shares of NIKE declined 4.5% in after-hours trading yesterday, owing to lower-than-expected revenues for its key North America market as well as soft view for the fiscal fourth quarter, owing to unfavorable currency. Notably, revenues for the North America region improved 7% to $3,810 million but lagged the Zacks Consensus Estimate of $3,869 million.
Driven by FX headwinds of nearly 6 points, the company expects reported revenues for the fiscal fourth quarter to be in a low-single-digit. This is largely softer compared with reported revenue growth of 13% in the prior-year quarter.
Apart from currency headwinds, the sof t report ed revenues guidance is attributed to the soft performance of the recently launched innovation platforms - React and Air Max 270 - as well as impacts from the World Cup. Further, gross margin growth in the fiscal fourth quarter is likely to be partly offset by currency headwinds.
Nonetheless, the company expects continued gains from the execution of the Consumer Direct Offense strategy to drive currency-neutral revenue growth in a high-single digit compared with 8% growth in fourth-quarter fiscal 2018.
Overall, this Zacks Rank #2 (Buy) stock has rallied 36.2% in the past year, outperforming the industry 's 28.3% growth.
Earnings & Revenues
In the reported quarter, this athletic apparel, footwear and accessory retailer's earnings of 68 cents per share were flat with the prior-year quarter but surpassed the Zacks Consensus Estimate of 63 cents. This marked the 27th straigh t earnings beat. Results were aided by solid sales growth and improved gross margin, offset by higher selling and administrative expenses.
NIKE, Inc. Price, Consensus and EPS Surprise
NIKE, Inc. Price, Consensus and EPS Surprise | NIKE, Inc. Quote
Revenues of the Swoosh brand owner increased 7% to $9,611 million and surpassed the Zacks Consensus Estimate of $9,540.7 million. This outperformance was primarily driven by the company's solid execution of the Consumer Direct Offense globally, which fueled robust growth across all four geographies as well as innovation. Additionally, continued strength in NIKE Digital, which delivered 36% constant-currency growth, provided a boost to the top line.
On a currency-neutral basis, revenues grew 11%, driven by double-digit currency-neutral growth in international locations and high-single-digit growth in North America.
Operating Segments
Revenues for the NIKE Brand increased 8% to $9,148 million while constant-dollar revenues for the brand were up 12%. Results gained from continued growth in NIKE Direct and its wholesale business.
Moreover, strength in nearly all major categories led by Sportswear and Jordan alongside double-digit improvements in footwear and apparel globally fueled the top line. Specifically, the international business witnessed strong revenue growth, with a 24% increase (currency-neutral) in Greater China.
Within the NIKE Brand, revenues grew 7% in North America (both on reported and currency-neutral basis) owing to solid growth in footwear, led by the Power Franchises. This uptick was also driven by innovative platforms, and strong owned and partnered Digital growth. Further, the company's wholesale business witnessed improvement while NIKE Digital grew 30% in North America.
In EMEA , the company's revenues increased 6% (12% on a currency-neutral basis), backed by double-digit growth in Sportswear and Jordan. Further, NIKE Digital reported double-digit growth. The company pointed out that strength of its brand in the region is the key growth driver. Notably, EMEA includes five of the company's key 12 cities.
In Greater China , NIKE continues to deliver sustained growth, having delivered 19 straight quarters of double-digit growth in the region. Revenues grew 19% year over year, up 24% on a currency-neutral basis. Results were aided by strong digital growth, with NIKE Direct up more than 60% in the region. Further, the company witnessed double-digital growth for athletic footwear and apparel in China as sports are increasingly becoming part of the daily lives of Chinese consumers.
In APLA , NIKE witnessed 3% revenue growth (up 14% on a currency-neutral basis). Balanced double-digit constant-currency growth in footwear and apparel boosted the top line. Further, the company delivered strong digital growth in the region, driven by continued expansion of the digital ecosystem across this region and leveraging digital partnerships. Sales for NIKE Digital grew more than 60% in the reported quarter.
Revenues at the Converse brand declined 4% to $463 million. On a currency-neutral basis, revenues for the segment were down 2%.
Costs & Margins
Gross profit rose 10% to $4,339 million while gross margin expanded 130 basis points (bps) to 45.1%. This expansion was mainly driven by an increase in average selling prices, favorable currency rates and growth in NIKE Direct, partly negated by escalated product costs.
Selling and administrative expenses rose 12% to $3,091 million on higher operating overheads. Notably, demand creation expenses were flat year over year to $865 million as increased other demand creation was offset by decline in sports marketing.
Operating overheads rose 17%, reflecting continued investments in digital transformation and higher compensation-related accruals. Moreover, as a percentage of sales, SG&A expenses grew 140 bps to 32.2%.
Balance Sheet & Shareholder-Friendly Moves
NIKE ended the fiscal third quarter with cash and short-term investments of $4,046 million, long-term debt (excluding current maturities) of $3,465 million and shareholders' equity of $8,961 million. As of Feb 28, 2019, inventories inched up 1% to $5,415 million.
In the fiscal third quarter, NIKE bought back 9.8 million shares for $754 million, completing the four-year $12-billion program that was authorized in November 2015. Subsequently, the company commenced a new four-year program to buy back shares worth $15 billion. This program was authorized in June 2018.
Outlook
NIKE expects to continue investing in key capabilities to aid digital transformation and deliver strong profitable growth in fiscal 2020 and beyond. Consequently, it provided an optimistic view for the rest of fiscal 2019 and initial insights for fiscal 2020. The company continues to expect constant-currency revenue growth and gross margin expansion in fiscal 2019.
The aforementioned fourth-quarter fiscal 2019 view is based on the following assumptions. Gross margin for the quarter is expected to expand 75 bps, benefiting from strong full-price sales and growth of its higher-margin NIKE Direct business. This is likely to be somewhat offset by higher input costs - including cotton, chemicals and labor, FX sourcing headwinds, and the shift in supply-chain investments from the fiscal third quarter to the fourth quarter.
SG&A expenses are expected to increase in the high-single-digit range, driven by strategic investments. Other expenses, net of interest expenses, are anticipated to be flat.
Backed by the current momentum, brand recognition with consumers, robust innovation pipeline and positive response from Nike Direct and wholesale partners, the company expects to deliver strong results in fiscal 2020. It projects revenue growth in a high-single digit and gross margin expansion.
Further, it expects profitability to be in line with the long-term financial outlook announced in October 2017. The company expects to provide more details on the fiscal 2020 outlook on its next earnings call .
Other Top-Ranked Stocks to Watch in the Shoes & Retail Apparel Industry
Deckers Outdoor Corp. DECK has a Zacks Rank #1 (Strong Buy) at present and an expected long-term earnings growth rate of 11.9%. You can see the complete list of today's Zacks #1 Rank stocks here.
Rocky Brands, Inc. RCKY delivered average positive earnings surprise of 43.6% in the trailing four quarters. Moreover, it currently sports a Zacks Rank #2.
Skechers U.S.A., Inc. SKX , also a Zacks Rank #2 stock, has an expected long term earnings growth rate of 7%.
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Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough 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
Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report
Rocky Brands, Inc. (RCKY): Free Stock Analysis Report
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Top-Ranked Stocks to Watch in the Shoes & Retail Apparel Industry Deckers Outdoor Corp. DECK has a Zacks Rank #1 (Strong Buy) at present and an expected long-term earnings growth rate of 11.9%. Click to get this free report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from currency headwinds, the sof t report ed revenues guidance is attributed to the soft performance of the recently launched innovation platforms - React and Air Max 270 - as well as impacts from the World Cup.
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Click to get this free report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Other Top-Ranked Stocks to Watch in the Shoes & Retail Apparel Industry Deckers Outdoor Corp. DECK has a Zacks Rank #1 (Strong Buy) at present and an expected long-term earnings growth rate of 11.9%. The reported quarter reflected revenue growth, backed by strength in Wholesale and NIKE Direct businesses as well as solid execution of Consumer Direct Offense, which led to growth across all regions.
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Click to get this free report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Other Top-Ranked Stocks to Watch in the Shoes & Retail Apparel Industry Deckers Outdoor Corp. DECK has a Zacks Rank #1 (Strong Buy) at present and an expected long-term earnings growth rate of 11.9%. The reported quarter reflected revenue growth, backed by strength in Wholesale and NIKE Direct businesses as well as solid execution of Consumer Direct Offense, which led to growth across all regions.
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Other Top-Ranked Stocks to Watch in the Shoes & Retail Apparel Industry Deckers Outdoor Corp. DECK has a Zacks Rank #1 (Strong Buy) at present and an expected long-term earnings growth rate of 11.9%. Click to get this free report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, revenues for the North America region improved 7% to $3,810 million but lagged the Zacks Consensus Estimate of $3,869 million.
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4e5b3bbe-ca58-4bb9-b953-f32c47581fc5
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724195.0
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2019-03-19 00:00:00 UTC
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Skechers Gains More Than 40% in 3 Months: What's Driving It?
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DECK
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https://www.nasdaq.com/articles/skechers-gains-more-than-40-in-3-months%3A-whats-driving-it-2019-03-19
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nan
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nan
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Skechers U.S.A., Inc.SKX appears to be a solid bet, given its sturdy efforts to remain on the growth trajectory. The company's greater emphasis on new line of products, store remodeling projects, cost containment efforts, inventory management, and global distribution platform are the primary catalysts. Also, Skechers' domestic e-commerce business continues to gain traction.
All these efforts not only helped the company to deliver robust fourth-quarter 2018 results but also helped the stock to outperform the industry in the past three months. Shares of this Zacks Rank #2 (Buy) stock have rallied approximately 48% compared with the industry's 25.2% growth.
Let's introspect.
Factors Behind Skechers' Bullish Run
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 the company to roll out new products without cannibalizing its existing brands and helps to expand the targeted demographic profile of customers. Management pointed that Skechers D'Lites is fast gaining traction with sturdy demand in North America and Europe. The brand is also set for growth in South America, India and the Middle East.
Apart from this, the company is focused on product innovation, additional store openings and increasing distribution channels by entering into distribution agreements to boost sales and profitability. Moreover, Skechers' international business remains a considerable sales growth driver for the company with Europe and China being the significant market outside the United States. The company is poised to enhance global reach in the footwear market through distribution networks, subsidiaries and joint ventures (JVs).
The company's international wholesale business revenues, which constituted 43.4% of total sales, advanced 18.4% on the back of a 19.5% increase in joint venture business and 14.4% growth in international subsidiary business during the fourth quarter of 2018. Also, Skechers' international distributor business surged 19.7%. Meanwhile, China remains one of the important markets with about 22.8 million pairs shipped in 2018. Business in China grew 21.5% during the fourth quarter of 2018.
Wrapping Up
We believe management's well-knitted efforts have helped Skechers to deliver a positive earnings surprise of 34.8% in the fourth quarter of 2018. Moreover, both the top and bottom line grew year over year. Management's first-quarter 2019 earnings view also came above analysts' expectations.
For first-quarter 2019, management now projects earnings between 70 cents and 75 cents a share. Additionally, the company anticipates first-quarter net sales in the band of $1.275-$1.300 billion compared with $1.250 billion reported in the prior-year quarter.
We expect all the aforementioned factors to continue bolstering the company's performance and help it remain in investors' good books.
3 More Stocks to Watch
Deckers Outdoor Corporation DECK has a long-term earnings growth rate of 11.8% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
NIKE, Inc. NKE has a long-term earnings growth rate of 12.3% and a Zacks Rank #2.
Rocky Brands, Inc. RCKY delivered average positive earnings surprise of 43.5% in the trailing four quarters. It carries a Zacks Rank of 2.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>
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
Rocky Brands, Inc. (RCKY): Free Stock Analysis Report
NIKE, Inc. (NKE): Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX): 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.
The views and 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 More Stocks to Watch Deckers Outdoor Corporation DECK has a long-term earnings growth rate of 11.8% and a Zacks Rank #1 (Strong Buy). Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. The company's greater emphasis on new line of products, store remodeling projects, cost containment efforts, inventory management, and global distribution platform are the primary catalysts.
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3 More Stocks to Watch Deckers Outdoor Corporation DECK has a long-term earnings growth rate of 11.8% and a Zacks Rank #1 (Strong Buy). Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. The company's international wholesale business revenues, which constituted 43.4% of total sales, advanced 18.4% on the back of a 19.5% increase in joint venture business and 14.4% growth in international subsidiary business during the fourth quarter of 2018.
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. 3 More Stocks to Watch Deckers Outdoor Corporation DECK has a long-term earnings growth rate of 11.8% and a Zacks Rank #1 (Strong Buy). Moreover, Skechers' international business remains a considerable sales growth driver for the company with Europe and China being the significant market outside the United States.
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3 More Stocks to Watch Deckers Outdoor Corporation DECK has a long-term earnings growth rate of 11.8% and a Zacks Rank #1 (Strong Buy). Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of this Zacks Rank #2 (Buy) stock have rallied approximately 48% compared with the industry's 25.2% growth.
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df12c11c-a692-48fa-97e6-c890b1828d7d
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724196.0
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2019-03-19 00:00:00 UTC
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Carter's (CRI) Retail Strategy on Track, High Costs a Woe
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DECK
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https://www.nasdaq.com/articles/carters-cri-retail-strategy-on-track-high-costs-a-woe-2019-03-19
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nan
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nan
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Carter's, Inc.CRI is gaining momentum on the back of its retail strategy that is focused on improving store productivity, strengthening e-commerce business and enhancing product offerings. Also, the company is experiencing robust growth in its International business.
Backed by these factors, Carter's delivered robust fourth-quarter 2018 results, wherein both the top and bottom line outpaced the Zacks Consensus Estimate and also increased on a year-over-year basis. Results were driven by growth in the U.S. Retail and U.S. Wholesale businesses during the final months of 2018, mirroring a strong holiday season.
In the past three months, shares of this Zacks Rank #3 (Hold) company have rallied 24.4% compared with the industry 's 27.7% growth.
However, the company is grappling with high inventory level and higher expenses. Moreover, closure of Toys "R" Us stores across the United States is largely weighing on Carter's top line performance. Let's take a closer look at both sides of the story.
Factors Driving Carter's Performance
Carter's Retail strategy remains focused on improving store productivity and enhancing product offerings by introducing extended sizes for the Carter's brand and expanding Skip Hop brand offerings. In 2019, the company anticipates net sales for Skip Hop to increase nearly 20% globally, contributing to total profitability. Additionally, the company is witnessing a positive response for its co-branded stores, which have been receiving maximum return on investment.
Carter's also continues to experience robust growth in the International business as evident from the segment's solid growth witnessed in 2018. Although the segment's net sales declined in the fourth quarter, it improved 4% for 2018, contributing about 12.5% to the company's total sales. This uptick was driven by the licensee business in Mexico and robust demand in markets outside of North America, partly offset by decrease in demand across China and the adverse impact of foreign currency. Notably, more than 60% of the company's International sales come from Canada, which is likely to be the largest contributor to International growth in the next five years.
Moreover, the company is optimistic about the transition of its business model in China from a retail and wholesale model to a licensing model, with a single partner in this market. This new model is likely to enhance consumers' experience with Carter's brands and enable a more profitable growth strategy in China. The company estimates mid-single digit growth in international sales in the future.
Hurdles in Carter's Path
Carter's is witnessing sluggishness across its U.S. Wholesale business due to the bankruptcy of Toys "R" Us. The closure of Toys "R" Us stores, the company's key wholesale customer, is largely weighing on its U.S. Wholesale segment's performance. In fourth-quarter 2018, sales were adversely impacted due to the bankruptcies of Toys "R" Us and Bon-Ton. Additionally, the company's high inventory levels remain a worry.
Moreover, higher cost of investments toward technology, brand marketing and expedited shipping have been denting operating margin. In the fourth quarter 2018, adjusted operating margin contracted 60 basis points due to higher e-commerce shipping costs and promotions, adverse impact of the Toys "R" Us bankruptcy, and increased mix of lower margin new businesses. Moving ahead, this can be a threat to the company's profitability.
These apart, Carter's outlined a soft outlook for the first quarter of 2019 due to difficult comparisons with the prior-year quarter. The company expects the top- and bottom-line comparisons for the first quarter to be negatively impacted by the loss of sales to Toys "R" Us and Bon-Ton stores as well as the shift of Easter holiday to second-quarter 2019 from first-quarter 2018. Also, net sales are anticipated to decline 4-5% compared with the first quarter of 2018. Adjusted earnings are projected to be 65-70 cents per share compared with $1.09 reported in the prior-year quarter.
While we cannot ignore these headwinds, the company's initiatives are likely to provide a significant cushion to the stock.
3 Stocks to Watch
Deckers Outdoor Corporation DECK has a long-term earnings growth rate of 11.8% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
NIKE, Inc. NKE has a long-term earnings growth rate of 12.3% and a Zacks Rank #2 (Buy).
Rocky Brands, Inc. RCKY delivered average positive earnings surprise of 43.5% in the trailing four quarters. It carries a Zacks Rank of 2.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>
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
Rocky Brands, Inc. (RCKY): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
NIKE, Inc. (NKE): 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.
The views and 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 Stocks to Watch Deckers Outdoor Corporation DECK has a long-term earnings growth rate of 11.8% and a Zacks Rank #1 (Strong Buy). Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Backed by these factors, Carter's delivered robust fourth-quarter 2018 results, wherein both the top and bottom line outpaced the Zacks Consensus Estimate and also increased on a year-over-year basis.
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Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. 3 Stocks to Watch Deckers Outdoor Corporation DECK has a long-term earnings growth rate of 11.8% and a Zacks Rank #1 (Strong Buy). Factors Driving Carter's Performance Carter's Retail strategy remains focused on improving store productivity and enhancing product offerings by introducing extended sizes for the Carter's brand and expanding Skip Hop brand offerings.
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Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. 3 Stocks to Watch Deckers Outdoor Corporation DECK has a long-term earnings growth rate of 11.8% and a Zacks Rank #1 (Strong Buy). Factors Driving Carter's Performance Carter's Retail strategy remains focused on improving store productivity and enhancing product offerings by introducing extended sizes for the Carter's brand and expanding Skip Hop brand offerings.
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3 Stocks to Watch Deckers Outdoor Corporation DECK has a long-term earnings growth rate of 11.8% and a Zacks Rank #1 (Strong Buy). Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Hurdles in Carter's Path Carter's is witnessing sluggishness across its U.S. Wholesale business due to the bankruptcy of Toys "R" Us.
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d96457c5-0962-4735-af0a-f07445fdd8e6
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724197.0
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2019-03-19 00:00:00 UTC
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Footwear & Apparel Industry to Gain From Digital Enhancements
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DECK
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https://www.nasdaq.com/articles/footwear-apparel-industry-gain-digital-enhancements-2019-03-19
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nan
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nan
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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 these companies mostly include athletic and casual footwear, fashion apparel and active-wear, sports equipment, bags, balls, as well as other sports and fashion accessories.
These companies showcase their products through their own 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.
Here are the three major themes in the industry:
These companies typically offer consumer discretionary items and benefit from a positive consumer environment. Rise in personal income due to a strengthening economy, tightened labor market and lower taxes are some of the factors that are boosting consumer spending and confidence. In fact, consumer spending, which accounts for nearly 70% of the U.S. economic activity, largely influences the production schedules of these companies.
Most industry participants are aggressively bolstering their digital and e-commerce capacities to stay put in the fiercely competitive environment. These companies are committed to building direct connections with customers through investments in differentiated retail concepts, mobile apps, dotcom and digital partners. Apart from enhancing the digital ecosystem, the companies are focused on speeding up deliveries through investments in supply chain and order fulfillment avenues. While these endeavors could boost sales, the related costs will keep margins under pressure. Nevertheless, companies are also making efforts to curtail costs.
Product innovation plays a key role in bolstering the sales graph of these players. These companies continually refresh their product offerings by adding innovative features or product lines to suit consumers' needs. Further, the athletic wear section of the industry is benefiting from increasing health awareness and indulgence in fitness activities. Additionally, sporting goods companies in the industry are the prime beneficiaries of various sporting events held from time to time, as sponsorship for these events adds value to the image of leading brands. This constitutes a major source of revenues for this segment through improved opportunities for demand creation.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Shoes & Retail Apparel Industry is a 13-stock group within the broader Zacks Consumer Discretionary Sector. The industry currently carries a Zacks Industry Rank #25, which places it at the top 10% 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.
Our proprietary Heat Map shows that the industry's rank has improved considerably over the past eight weeks.
The industry's positioning in the top 50% of the Zacks-ranked industries is a result of positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually gaining confidence in this group's earnings growth potential. In the past three months, the industry's earnings estimate for the current year has moved up nearly 2.2%.
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 valuation picture.
Industry Outperforms Shareholder Returns
The Zacks Shoes and Retail Apparel Industry have outperformed both the S&P 500 and its own sector over the past year.
While the stocks in this industry have collectively gained 25.5%, the Zacks S&P 500 Composite and Zacks Consumer Discretionary Sector have rallied 4.6% and 0.3%, respectively.
One-Year Price Performance
Shoes and Retail Apparel Industry's Valuation
On the basis of forward 12-month Price-to-earnings (P/E) ratio, which is commonly used for valuing Consumer Discretionary stocks, the industry is currently trading at 25.06X compared with the S&P 500's 16.83X and the sector's 18.25X.
Over the last five years, the industry has traded as high as 26.49X, as low as 18.63X, and at the median of 22.52X, as the chart below shows.
Price-to-Earnings Ratio (Past 5 Years)
Bottom Line
We expect the demand for health and fitness-related goods, including athletic footwear and apparel, to be on the rise due to increased consumer health awareness. Additionally, the industry is poised to gain from the introduction of innovative products and growing ease of shopping through robust omni-channel capabilities. Furthermore, a strong economy, with rising consumer spending, will benefit stocks in this consumer-driven industry.
While only one stock in the Zacks Shoes & Retail Apparel universe currently sports a Zacks Rank #1 (Strong Buy), we have also mentioned three more stocks with a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Let's have a look at them.
Deckers Outdoor Corporation (DECK): The current fiscal-year consensus EPS estimate of this Goleta, CA-based company has been unchanged for the last seven days. This Zacks Rank #1 stock has rallied 56.9% in the past year.
Price and Consensus: DECK
Rocky Brands Inc. (RCKY): This Nelsonville, OH-based footwear and apparel company has climbed 29% over the past year. The Zacks Consensus Estimate for the current-year EPS has been revised 1.5% upward in the last 30 days. The company currently carries a Zacks Rank #2.
Price and Consensus: RCKY
NIKE Inc. (NKE): The stock of this Beaverton, OR-based company has gained 31.5% in the past year. The Zacks Consensus Estimate for the current-year EPS has been unrevised in the last 30 days. The company holds a Zacks Rank #2, at present.
Price and Consensus: NKE
Skechers U.S.A. Inc. (SKX): The stock of this California-based company has surged 47.9% in three months' time. The consensus EPS estimate for the current year remained unrevised over the last week. Currently, the company carries a Zacks Rank #2.
Price and Consensus: SKX
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report
Rocky Brands, Inc. (RCKY): Free Stock Analysis Report
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.
The views and 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): The current fiscal-year consensus EPS estimate of this Goleta, CA-based company has been unchanged for the last seven days. Price and Consensus: DECK Rocky Brands Inc. (RCKY): This Nelsonville, OH-based footwear and apparel company has climbed 29% over the past year. Click to get this free report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation (DECK): The current fiscal-year consensus EPS estimate of this Goleta, CA-based company has been unchanged for the last seven days. Price and Consensus: DECK Rocky Brands Inc. (RCKY): This Nelsonville, OH-based footwear and apparel company has climbed 29% over the past year.
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Deckers Outdoor Corporation (DECK): The current fiscal-year consensus EPS estimate of this Goleta, CA-based company has been unchanged for the last seven days. Price and Consensus: DECK Rocky Brands Inc. (RCKY): This Nelsonville, OH-based footwear and apparel company has climbed 29% over the past year. Click to get this free report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Deckers Outdoor Corporation (DECK): The current fiscal-year consensus EPS estimate of this Goleta, CA-based company has been unchanged for the last seven days. Price and Consensus: DECK Rocky Brands Inc. (RCKY): This Nelsonville, OH-based footwear and apparel company has climbed 29% over the past year. Click to get this free report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here.
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2b047adc-b468-4db8-93f8-f8fa0ded272f
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724198.0
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2019-03-14 00:00:00 UTC
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DECK vs. NKE: Which Stock Should Value Investors Buy Now?
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DECK
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https://www.nasdaq.com/articles/deck-vs.-nke%3A-which-stock-should-value-investors-buy-now-2019-03-14
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nan
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nan
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Investors looking for stocks in the Shoes and Retail Apparel sector might want to consider either Deckers (DECK) or Nike (NKE). But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
Currently, Deckers has a Zacks Rank of #1 (Strong Buy), while Nike has a Zacks Rank of #2 (Buy). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that DECK has an improving earnings outlook. However, value investors will care about much more than just this.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.
DECK currently has a forward P/E ratio of 17.94, while NKE has a forward P/E of 32.63. We also note that DECK has a PEG ratio of 1.50. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. NKE currently has a PEG ratio of 2.65.
Another notable valuation metric for DECK is its P/B ratio of 4.07. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, NKE has a P/B of 15.52.
Based on these metrics and many more, DECK holds a Value grade of B, while NKE has a Value grade of D.
DECK has seen stronger estimate revision activity and sports more attractive valuation metrics than NKE, so it seems like value investors will conclude that DECK is the superior option right now.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
NIKE, Inc. (NKE): 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors looking for stocks in the Shoes and Retail Apparel sector might want to consider either Deckers (DECK) or Nike (NKE). Currently, Deckers has a Zacks Rank of #1 (Strong Buy), while Nike has a Zacks Rank of #2 (Buy). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that DECK has an improving earnings outlook.
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Investors looking for stocks in the Shoes and Retail Apparel sector might want to consider either Deckers (DECK) or Nike (NKE). Currently, Deckers has a Zacks Rank of #1 (Strong Buy), while Nike has a Zacks Rank of #2 (Buy).
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The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that DECK has an improving earnings outlook. Based on these metrics and many more, DECK holds a Value grade of B, while NKE has a Value grade of D. DECK has seen stronger estimate revision activity and sports more attractive valuation metrics than NKE, so it seems like value investors will conclude that DECK is the superior option right now. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report To read this article on Zacks.com click here.
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Based on these metrics and many more, DECK holds a Value grade of B, while NKE has a Value grade of D. DECK has seen stronger estimate revision activity and sports more attractive valuation metrics than NKE, so it seems like value investors will conclude that DECK is the superior option right now. Investors looking for stocks in the Shoes and Retail Apparel sector might want to consider either Deckers (DECK) or Nike (NKE). Currently, Deckers has a Zacks Rank of #1 (Strong Buy), while Nike has a Zacks Rank of #2 (Buy).
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343b77c8-c4d9-49c5-8155-8f6c3bfa862e
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724199.0
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2019-03-14 00:00:00 UTC
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Hilton (HLT) Expands All Suites Brand Footprint in Canada
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DECK
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https://www.nasdaq.com/articles/hilton-hlt-expands-all-suites-brand-footprint-in-canada-2019-03-14
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nan
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nan
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Hilton Worldwide Holdings Inc . HLT is firing on all cylinders in order to maintain position as the fastest-growing global hospitality company. The company's All Suites brand touched multiple milestones in 2018. The brand, which includes Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton, has opened the 30th property in Canada and 1,000th property overall.
Last year, All Suites made significant progress in Canada and successfully tapped on the robust growth in tourism. The company said that more than 20% of all Hilton properties in Canada are under the All Suites brand.
The brands are being expanded with the introduction of Homewood Suites by Hilton in Latin America and Embassy Suites by Hilton in the Middle East. The company intends to keep expanding in America and Asia with over 25 properties in its pipeline and more than 580 properties overall.
Meanwhile, Homewood Suites by Hilton gained traction in Mexico and Canada through the establishment of properties last year. Lastly, Home2 Suites by Hilton opened its 86 property in North America.
Shares of Hilton have gained 19% in the past three months, outperforming its industry 's rally of 12.7%.
Expansion to Drive Growth
As of Dec 31, 2018, Hilton's development pipeline comprised more than 2,400 hotels, with more than 364,000 rooms throughout 103 countries and territories - including 35 countries and territories, where Hilton currently does not have any running hotels. Additionally, 195,000 rooms in the development pipeline and 184,000 rooms were under construction outside the United States. For 2019, the company anticipates net unit growth of 6.5%.
Hilton's broad geographic diversity lowers the effect of volatility in individual markets. More than half of the company's pipeline is located outside the United States. More than 30% of the pipeline is located in the Asia-Pacific region, where demand has been high. Also, a growing middle-class population in China is creating demand for hospitality services. Further, Europe's RevPAR trend is being supported by favorable exchange rates as well as strength in regions like Spain, the U.K., Germany and Turkey.
Zacks Rank & Other Key Picks
Currently, Hilton carries a Zacks Rank #1 (Strong Buy).
A few other top-ranked stocks in the Zacks Consumer Discretionary sector are Deckers Outdoor Corporation DECK , Skechers U.S.A., Inc. SKX and NIKE, Inc. NKE .
While Deckers Outdoor sports a Zacks Rank #1, NIKE and Skechers carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Deckers Outdoor's long-term earnings are expected to grow 11.9%.
NIKE's long-term earnings are likely to rise 12.3%.
.
Skechers U.S.A long-term earnings are estimated to grow 7%
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 - 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks 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
Hilton Worldwide Holdings Inc. (HLT): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report
NIKE, Inc. (NKE): 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A few other top-ranked stocks in the Zacks Consumer Discretionary sector are Deckers Outdoor Corporation DECK , Skechers U.S.A., Inc. SKX and NIKE, Inc. NKE . While Deckers Outdoor sports a Zacks Rank #1, NIKE and Skechers carry a Zacks Rank #2 (Buy). Deckers Outdoor's long-term earnings are expected to grow 11.9%.
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While Deckers Outdoor sports a Zacks Rank #1, NIKE and Skechers carry a Zacks Rank #2 (Buy). Click to get this free report Hilton Worldwide Holdings Inc. (HLT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. A few other top-ranked stocks in the Zacks Consumer Discretionary sector are Deckers Outdoor Corporation DECK , Skechers U.S.A., Inc. SKX and NIKE, Inc. NKE .
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Click to get this free report Hilton Worldwide Holdings Inc. (HLT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. A few other top-ranked stocks in the Zacks Consumer Discretionary sector are Deckers Outdoor Corporation DECK , Skechers U.S.A., Inc. SKX and NIKE, Inc. NKE . While Deckers Outdoor sports a Zacks Rank #1, NIKE and Skechers carry a Zacks Rank #2 (Buy).
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A few other top-ranked stocks in the Zacks Consumer Discretionary sector are Deckers Outdoor Corporation DECK , Skechers U.S.A., Inc. SKX and NIKE, Inc. NKE . While Deckers Outdoor sports a Zacks Rank #1, NIKE and Skechers carry a Zacks Rank #2 (Buy). Deckers Outdoor's long-term earnings are expected to grow 11.9%.
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6553c0ae-6c29-4022-9c9b-d5d1f210bbc6
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