Deckers Outdoor Corp (DECK) has been a subject of interest in the market due to several occurrences, both internal and external. Recently, insider sale news made rounds where Director David Powers and Chief Supply Chain Officer Angela Ogbechie sold shares of the company. This came around the time DECK executed a six-for-one forward stock split causing the shares to slip and gap down to $155.62. Despite the slight market panic, DECK's Q4 earnings beat estimates, driven by the strength of its HOKA & UGG brands. The reported financial results for fiscal 2024 were also promising.
While the market responded positively to some of Deckers' decisions, such as raising its full-year outlook, it reacted negatively to others, like the announced stock split, causing the stock to hit a new 52-week low at $156.28, twice. Yet, analysts predict attractive financial prospects and strong momentum, especially with the recent brand expansion, despite the high P/E of 28.12X. Some have even labelled DECK as a long-term winner, a smart investing choice, and a strong specialty retail name to watch.
Expectations for the upcoming earnings report are high, given DECK's strong Q4 performance and the ongoing brand revolution.
Deckers Outdoor Corp DECK News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Thu, 03 Oct 2024 23:17:29 GMT - Rating 0 - Innovation 3 - Information 7 - Rumor -4
