Deckers Outdoor Corp (DECK) continues to draw interest from various stakeholders including Victory Capital Management Inc., BTIG, E Fund Management Co. Ltd., Van ECK Associates Corp, New York Life Investment Management LLC, Wedbush, and Natixis Advisors L.P. based on recent transactions. The buy recommendations and average “Moderate Buy” ratings from brokerages, along with the strong Q1 performance, indicate continued faith in the Outdoor corporation's potential. Pricing targets are pegged around $889.00 with increased EPS estimates for FY2024. Factors like robust financials, management excellence, strategic strengths, and promising growth trajectories are helping DECK outpace its Retail-Wholesale sector peers. Even as some analysts warn that the stock may fall, the overall sentiment seems bullish, underscored by a 65% upward trend in a year. President & CEO David Powers sold a significant amount of his shares, however, this did not significantly dampen the market's positive outlook. The company’s Q3 and Q2 2024 Earnings Call transcripts indicate an outperformance in estimates and a raised outlook for FY24, substantiated by record earnings. The highlights of the 2024 financial results demonstrate the organization's customer-centric approach and brand expansion contributing to positive market reception.
Deckers Outdoor Corp DECK News Analytics from Fri, 04 Aug 2023 07:00:00 GMT to Fri, 10 May 2024 11:04:00 GMT -
Rating 5
- Innovation 4
- Information 7
- Rumor 6
