The recent
market updates reveal an
Outperform rating given to
Deckers Outdoor Corporation (DECK) by Wedbush, recognizing its potential strengths. The board approved a six-for-one forward
stock split, signifying confidence in the company's growth. Deckers' Q4 Earnings beat estimates with an EPS of $4.95 and a total revenue of $959.8M. There was a notable
insider sale of shares, highlighting possible concerns about its
stock valuation. The Hoka and UGG brands have been identified as having 'meaningful upside', with Q4 results boosting the stock. Despite the strong performance and market optimism, some reports suggest a potential slowdown in Deckers' direct-to-consumer growth, which led to a downgrade of the stock.
Predictions for Deckers' future earnings in Q1 2025 were also presented. Amidst all, DECK continues its
strong performance with its stock surpassing $1,000. However, perceived overvaluation triggered a downslide in its stock prices. Deckers looks forward to a powerful rally as the new entrant in the S&P 500.
Deckers Outdoor Corp DECK News Analytics from Thu, 21 Sep 2023 07:00:00 GMT to Sat, 13 Jul 2024 09:28:34 GMT -
Rating 2
- Innovation -6
- Information 7
- Rumor -9
