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Based in Goleta, California, Deckers Outdoor Corporation (DECK) is a leading designer and marketer of niche footwear and accessories in the apparel and footwear industry, with a market cap of $22.7 billion. The company is expected to announce its fiscal Q1 earnings results on Thursday, Jul. 25.
Ahead of this event, analysts expect DECK to report a profit of $3.50 per share, up 45.2% from $2.41 per share in the year-ago quarter. The company has a solid history of surpassing Wall Street's bottom-line estimates in each of the past four quarters. Strong performance from its Hoka and Ugg brands helped the company surpass the consensus EPS estimate by a remarkable margin of 75.5% in the most recent quarter.
For fiscal 2025, analysts expect DECK to report EPS of $30.59, up 4.9% from $29.16 in fiscal 2024. Looking forward to fiscal 2026, EPS is expected to grow by 12.4% annually to $34.37.
DECK has outperformed the broader markets over the past 52 weeks, with shares up 65.2% versus the S&P 500 Index's ($SPX) 27.8% gain and the S&P 500 Cons Disc Sector SPDR's (XLY) 12.7% increase over the same period.
On May 24, Deckers Outdoor stock hit a new all-time high, surpassing $1,000 per share. This was driven by strong Q4 earnings results attributed to the popularity of Ugg boots and Hoka sneakers, which prompted multiple analysts to raise their price targets and led to a 14.2% increase in its share value post Q4 announcement.
However, the stock pulled back nearly 4.9% on Jul. 10 after an analyst note from M Science, which highlighted a slowdown in sales for its Hoka and Ugg brands during June, reflecting broader trends of reduced consumer spending amid higher inflation and slow wage growth.
Analysts' consensus view on Deckers Outdoor stock is cautiously optimistic overall, with a "Moderate Buy" rating. Out of 18 analysts covering the stock, 12 recommend a "Strong Buy," one has a "Moderate Buy" rating, and five give a "Hold" rating. This configuration is slightly more bullish than three months before, with 11 analysts suggesting a "Strong Buy." The average analyst price target for DECK is $1,054.89, suggesting a potential upside of 18.1% from the current levels.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
