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Deckers Outdoor Corp (NYSE:DECK). shares soared to an all-time high this week, reaching a peak of $218.99. The company, known for its popular footwear brands such as UGG and Teva, has seen a remarkable 69.25% increase in its stock price over the past year. According to InvestingPro data, the company maintains strong financial health with a current ratio of 3.08 and holds more cash than debt on its balance sheet. This significant growth reflects strong consumer demand and successful expansion strategies that have resonated well with the market. Investors and analysts alike are closely monitoring Deckers’ performance, as its shares continue to set new records, underscoring the company’s robust financial health and promising outlook. With a gross profit margin of 57.11% and revenue growth of 19.25% in the last twelve months, the company shows strong operational efficiency. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with 13 analysts recently revising their earnings expectations upward for the upcoming period.
In other recent news, Deckers Outdoor has been the focus of various analyst revisions, following impressive earnings and revenue growth. Piper Sandler maintains a Neutral stance on Deckers Outdoor, with investors expecting earnings per share to be around $3. Deckers Outdoor’s HOKA brand has managed inventory efficiently, and the launch of Bondi 9 has been successful. KeyBanc Capital Markets, Citi, Truist Securities, and Needham have all increased their price targets for Deckers Outdoor, citing the company’s growth potential, especially in its HOKA and UGG brands.
Deckers Outdoor has been investing in its business, with a projected 22% increase in selling, general, and administrative expenses. The company’s UGG brand has maintained an average discount of around 30%, which is consistent with previous quarters. UBS and Baird have reiterated their positive ratings on Deckers, emphasizing the company’s sustainable growth. These recent developments underscore the positive momentum for Deckers Outdoor, marked by strong earnings and revenue growth, as well as positive analyst projections.
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