Deckers Outdoor (NYSE:DECK) Corporation, renowned for its footwear and apparel, has reached an all-time high, with its stock price soaring to $214.99. This milestone reflects a significant surge in the company’s market performance, marking a 68.1% increase over the past year. According to InvestingPro data, the company demonstrates excellent financial health with a score of 4.48 out of 5 for profitability. Investors and analysts are closely monitoring Deckers’ trajectory as it outpaces expectations and continues to expand its presence in the global market. The company’s robust growth strategy and strong brand portfolio, including UGG and HOKA ONE ONE, have been pivotal in driving this impressive performance, with revenue growing at 19.25% and maintaining a healthy gross profit margin of 57.11%. InvestingPro subscribers can access 17 additional investment tips and comprehensive analysis for DECK.
In other recent news, Deckers Outdoor Corporation has been the focus of several analyst firms. Truist Securities raised the price target for Deckers Outdoor shares to $235, citing strong demand for the company’s UGG and HOKA brands. This was supported by the company’s impressive 19.25% revenue growth and strong gross margin of 57.11%. Needham analysts also increased their price target on Deckers Outdoor to $246, maintaining a Buy rating due to the company’s consistent performance. They also revised their earnings per share forecasts for fiscal years 2025 through 2027.
UBS reiterated a Buy rating for Deckers, emphasizing the growth potential of the Hoka brand, which is expected to deliver a 21% five-year compound annual growth rate in sales. Baird also maintained an Outperform rating on Deckers, highlighting the company’s sustainable growth and return on invested capital.
These recent developments reflect the strong performance and growth potential of Deckers Outdoor, particularly with its UGG and HOKA brands. The company’s recent launch of the HOKA Bondi 9 shoe and new product lines for UGG are expected to further boost brand visibility and sales.
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