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15 stories mentioning DECKUpdated 6d ago

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Wire

Deckers Offers 'Exceptional' Value, UBS Says

Deckers Outdoor (DECK) delivered solid Q1 performance, raising conviction that the stock is offering "exceptional" value, UBS said in report Friday."We see a very good opportunity to buy shares in a growth company we believe is significantly undervalued by the market," the report said.The note said the company is expected to "positively" surprise the market over the near-term due to its Hoka and UGG brands growing revenue better than expected."We think this will cause the market to realize DECK should grow sales and EPS at +HSD%/+LDD% 5-yr," it said.UBS kept its buy rating with a $161 price target.Price: $95.06, Change: $-1.17, Percent Change: -1.22%

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Stocks Fall Pre-Bell Amid Rising Middle East Tensions; Traders Parse Alphabet, Tesla Results
US Markets

Stocks Fall Pre-Bell Amid Rising Middle East Tensions; Traders Parse Alphabet, Tesla Results

US equity markets were tracking in the red before the opening bell Thursday and oil prices rose amid escalating tensions in the Middle East, while investors digest the latest financial results of Alphabet (GOOG, GOOGL) and Tesla (TSLA).The S&P 500 and the Dow Jones Industrial Average declined 0.2% each in premarket activity, while the Nasdaq was off 0.3%. The indexes ended the previous trading session mostly down.The Iran-backed Houthi militants in Yemen reportedly claimed attacks on two Saudi Arabian oil tankers in the Red Sea on Wednesday, raising concerns that the conflict could spread to a new front in the Middle East, CNBC reported. The UK Maritime Trade Operations said Wednesday that an "unknown projectile" struck a Saudi Arabian oil tanker around 70 nautical miles southwest of Al Shuqaiq, Saudi Arabia.West Texas Intermediate crude oil climbed 3.7% to $89.99 a barrel before the open, while Brent increased 4.4% to $98.18.The US Central Command said Wednesday its forces struck Iran for the 12th consecutive night. In a social media post, President Donald Trump vowed to destroy an Iranian bridge or power plant every time Tehran attacks ships in the Strait of Hormuz.Iran's Islamic Revolutionary Guard Corps said it hit Jordan's King Faisal and Prince Hassan bases with missiles and drones, claiming to have targeted US military equipment in response to recent American strikes, CNN reported Wednesday.Treasury yields were trending higher in premarket action, with the two-year rate rising 1.3 basis points to 4.32% and the 10-year rate adding 1.8 basis points to 4.68%.Alphabet's (GOOG, GOOGL) class A and C shares were down roughly 4% each pre-bell after the Google parent announced in its second-quarter results that its capital expenditure doubled year over year. Tesla's stock dropped 5.9% as the electric vehicle manufacturer recorded an unexpected year-over-year decrease in its second-quarter earnings amid higher expenses related to research and development and artificial intelligence initiatives.ServiceNow (NOW) jumped 7.6% while IBM (IBM) edged down 0.6% early Thursday following their latest financial results.T-Mobile US (TMUS), Thermo Fisher Scientific (TMO), Union Pacific (UNP), Lockheed Martin (LMT), Blackstone (BX), Comcast (CMCSA) and Honeywell International (HON) are scheduled to release their quarterly earnings before the bell, among others. Intel (INTC) and Deckers Outdoor (DECK) are due to announce their results after the markets close.Thursday's economic calendar has the weekly jobless claims bulletin at 8:30 am ET, along with the Chicago Fed national activity index for June. The Kansas City Fed manufacturing index follows at 11 am.Gold fell 1.5% to $4,092 per troy ounce, while bitcoin slipped 0.2% to $65,732.

Dow JonesNasdaq CompositeS&P 500$BX$CMCSA$DECK$GOOG$GOOGL$HON$IBM$INTC$LMT$NOW$TMO$TMUS$TSLA$UNP
Research

Jefferies Upgrades Deckers Outdoor to Buy From Hold, Adjusts Price Target to $130 From $110

Deckers Outdoor (DECK) has an average rating of overweight and mean price target of $128.26, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Research

Research Alert: CFRA Maintains Strong Buy Opinion On Shares Of Deckers Outdoor

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain our 12-month price target of $169, based on 22.5x our FY 27 EPS estimate of $7.50 and slightly lower than the company's three-year average forward P/E multiple of 23.2x, reflecting decelerating growth but above peer margins and top-line growth. We maintain our FY 27 EPS estimate of $7.50 and initiate our FY 28 EPS estimate at $8.15. DECK posted solid FQ4 results with FY 27 guidance mostly in line with consensus estimates. The company expects full-year sales growth above 7.5% and EPS in the range of $7.30 to $7.45. The company sees some margin compression with operating margin of 21.5% after 23.1% in FY 26. Management also gave multi-year guidance. DECK sees revenue growth in the high single digits for 2028 through 2030 with operating margin in the low twenties (essentially flat), but it expects EPS growth in the low double digits annually on revenue growth and share repurchases. DECK remains a top pick in footwear thanks to its relative valuation (16x NTM EPS estimates) and strong fundamentals.

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Wire

Deckers Outdoor Fiscal Q4 Results Reinforce Undervalued Growth Thesis, UBS Says

Deckers Outdoor's (DECK) "solid" fiscal Q4 report reinforces the view that the company is a compelling but undervalued growth opportunity, UBS said in a note emailed Friday.The analysts said they expect the company to outperform expectations over the next year as its Hoka and UGG brands continue to grow faster than the market assumes, driving stronger revenue and earnings growth and supporting a higher valuation over time.While the market may focus on an H2-weighted fiscal 2027 outlook and interpret it as slowing momentum, the analysts said they disagree. The analysts added that investors are overlooking key fundamentals, gross margin and inventory.In fiscal Q4, gross margin rose 85 basis points year-over-year despite tariffs and tough comparisons, and overall gross margin has expanded 740 basis points over the past three years. Inventory also fell 2% year over year, even with a +5% fiscal Q1 2027 sales guide and tariff headwinds, the analysts said, adding that these metrics suggest both Hoka and UGG remain "very healthy brands."The analysts also raised their adjusted diluted earnings per share estimate for fiscal 2027 by about 3% from $7.30 to $7.55.UBS raised its price target on Deckers Outdoor to $161 from $145 while keeping its buy rating.Price: $103.15, Change: $+0.53, Percent Change: +0.52%

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Wire

Barclays Adjusts Price Target on Deckers Outdoor to $141 From $143, Maintains Overweight Rating

Deckers Outdoor (DECK) has an average rating of overweight and mean price target of $127.11, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $102.99, Change: $+0.45, Percent Change: +0.44%

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Research

Research Alert: Deckers Outdoor Brands Beats Estimates On Hoka And Ugg Strength

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:DECK posted Q4 FY 26 EPS of $0.96 vs. $1.00 in the prior year, $0.13 above consensus estimates on revenues of $1.119B vs. $1.02B (up 9.6%) and $34M above estimates. HOKA revenues increased 14.5% to $671.2M, while UGG increased 9.2% to $408.6M, though operating margin compressed 300 bps to 14.0% due to SG&A expenses jumping 20.2% as gross margin expanded 90 bps. We are excited to see the progress internationally, with international sales surging 25.5%, which should help insulate DECK from higher U.S. tariffs, and we view the company as a top pick in the footwear space. DECK initiated FY 27 guidance, with revenue growth in the high-single-digit percentages and EPS between $7.30 and $7.45, slightly above consensus of $7.34. The company continues to see strong growth for HOKA and UGG brands globally. With shares trading under 15x its FY 27 EPS guidance, we believe DECK offers compelling value, as both brands maintain strong momentum despite challenging retail conditions.

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Wire

Deckers Outdoor Fiscal Q4 Earnings Fall, Revenue Rises; Sets Fiscal 2027 Guidance

Deckers Outdoor (DECK) reported fiscal Q4 earnings late Thursday of $0.96 per diluted share, down from $1.00 a year earlier.Analysts polled by FactSet expected $0.83.Net sales for the quarter ended March 31 were $1.12 billion, up from $1.02 billion a year earlier.Analysts surveyed by FactSet expected $1.09 billion.The company expects fiscal 2027 earnings of $7.30 to $7.45 per share on net consolidated sales of $5.86 billion to $5.91 billion. Analysts polled by FactSet expect $7.35 and $5.82 billion, respectively.The company said its board has approved an increase of $3.5 billion to the stock repurchase authorization, which brings total outstanding authorization to about $5 billion.

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Stocks Down Pre-Bell as Traders Monitor US-Iran Developments, Parse Nvidia Earnings
US Markets

Stocks Down Pre-Bell as Traders Monitor US-Iran Developments, Parse Nvidia Earnings

US equity markets were trending lower before the opening bell Thursday as traders monitor the latest developments in the US-Iran conflict and digest tech bellwether Nvidia's (NVDA) quarterly earnings.The S&P 500 fell 0.4% and the Dow Jones Industrial Average slipped 0.3% in premarket activity, while the Nasdaq was down 0.5%. The indexes finished the previous trading session higher, with the Nasdaq and S&P 500 snapping a three-day losing streak.Iranian Foreign Ministry spokesperson Esmaeil Baghaei said Thursday that Tehran is reviewing the latest US proposal to end the war in the Middle East, CNBC reported, citing state-run agency Nour News.President Donald Trump told reporters on Wednesday that negotiations with Iran had reached the final stages, though he warned of further attacks if Tehran backs out, according to several media outlets. "We'll either have a deal or we're going to do some things that are a little bit nasty," Trump said, according to a Bloomberg News report. "But hopefully that won't happen."Earlier on Wednesday, Iran's Islamic Revolutionary Guard Corps reportedly said that it would retaliate beyond the Middle East if the US or Israel resumed their military attacks against the country.West Texas Intermediate crude oil slipped 0.2% to $98.01 a barrel before the open, while Brent decreased 0.6% to $104.42.Shares of Nvidia (NVDA) slipped 0.2% pre-bell after the chipmaking giant reported fiscal first-quarter revenue above Wall Street's estimates, as data center sales outperformed expectations amid an artificial intelligence boom. For the current quarter, Nvidia said it anticipates revenue of $91 billion, plus or minus 2%.Intuit's (INTU) stock dropped 14% after the financial technology platform reported better-than-expected fiscal third-quarter results and disclosed plans to reduce its workforce by about 17%. Urban Outfitters (URBN) declined 1.4% after its financial results.Federal Reserve officials flagged the possibility of higher interest rates if the Middle East conflict drags on and keeps inflation above the 2% goal, minutes from the central bank's April meeting showed on Wednesday.Meeting participants generally determined that elevated inflation, combined with uncertainty around the duration and impact of the Iran war, could justify holding rates for longer than previously anticipated. However, majority of Fed officials pointed out that "some policy firming would likely become appropriate if inflation were to continue to run persistently above 2%."Treasury yields were rising before the open, with the two-year rate gaining 6.6 basis points to 4.1% and the 10-year rate adding 5.1 basis points to 4.62%.Thursday's economic calendar has the housing starts and permits report for April at 8:30 am ET, along with the weekly jobless claims bulletin and the Philadelphia Fed manufacturing index for May. The S&P Global's (SPGI) flash purchasing managers' index for May is out at 9:45 am, followed by the Kansas City Fed manufacturing index for the same month at 11 am.Richmond Fed President Thomas Barkin is scheduled to speak at 12:20 pm.Walmart (WMT), Deere (DE), NetEase (NTES), Williams-Sonoma (WSM), Ralph Lauren (RL), Nio (NIO) and Advance Auto Parts (AAP) report their latest financial results before the bell, among others. Ross Stores (ROST), Take-Two Interactive Software (TTWO), Workday (WDAY), Zoom Communications (ZM) and Deckers Outdoor (DECK) release their earnings after the markets close.Gold was down 0.4% at $4,519 per troy ounce, while bitcoin fell 0.3% to $77,255.

Dow JonesNasdaq CompositeS&P 500$AAP$DE$DECK$INTU$NIO$NTES$NVDA$RL$ROST$SPGI$TTWO$URBN$WDAY$WMT$WSM$ZM
Wire

Deckers Outdoor Shares Higher After Piper Sandler Upgrade

Deckers Outdoor (DECK) shares were up over 1% in Monday trading after Piper Sandler upgraded the stock to neutral from underweight and raised its price target to $100 from $95.Trading volume stood at more than 1.5 million shares, compared with a daily average of close to 2 million.Price: $94.80, Change: $+1.24, Percent Change: +1.33%

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Research

Piper Sandler Upgrades Deckers Outdoor to Neutral From Underweight, Adjusts PT to $100 From $95

Deckers Outdoor (DECK) has an average rating of overweight and mean price target of $127, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Research

Wells Fargo Downgrades Deckers Outdoor to Underweight From Equalweight, Adjusts Price Target to $90 From $115

Deckers Outdoor (DECK) has an average rating of overweight and mean price target of $127.58, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Research

Bernstein Upgrades Deckers Outdoor to Market Perform, $100 Price Target

Deckers Outdoor (DECK) has an average rating of overweight and mean price target of $128.90, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$DECK
Wire

Jefferies Adjusts Price Target on Deckers Outdoor to $110 From $118, Maintains Hold Rating

Deckers Outdoor (DECK) has an average rating of overweight and mean price target of $128.37, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $99.87, Change: $-1.02, Percent Change: -1.01%

$DECK
US Markets

Most Softline Retailers Poised to Meet or Top Quarterly Earnings Views, UBS Says

Most US softline retailers are expected to report upcoming quarterly earnings either in line or above Wall Street's estimates, while consumer spending could rise notably if the Middle East conflict ends soon, UBS Securities said Monday.A survey conducted by the brokerage during the first two weeks of this month showed that consumer spending intentions remained "good," particularly for apparel and footwear despite headwinds from the US-Israel war with Iran that started at the end of February, UBS analysts, including Jay Sole said in a note to clients."We believe the market is overestimating the negative impact of high oil prices on softline company margins," UBS said. "We see most softline companies either meeting or beating (first-quarter) expectations during this upcoming earnings season."The war, which has impacted several Middle East countries, has sent energy prices soaring amid the closure of the Strait of Hormuz, the world's most important chokepoint for crude flows.US retail gasoline prices averaged $4.042 per gallon Monday, compared with $3.151 a year ago, according to data from AAA, a travel organization that tracks fuel prices in the country."US consumers' view of the economy has been somewhat impacted (month on month) by the Middle East conflict and rising gas prices," the UBS analysts said Monday. "Yet, the data show potential for a strong pop in US consumer spending if the Middle East conflict ends soon and gas prices return to pre-conflict levels. This is a main reason we remain bullish."On Holding (ONON), Deckers Outdoor (DECK), Gildan Activewear (GIL), Burlington Stores (BURL), Levi Strauss (LEVI), Ralph Lauren (RL), and TJX (TJX) are among the softline stocks that UBS said it likes and rates as buy. The brokerage said it likes these stocks over several big names such as Nike (NKE) and Lululemon Athletica (LULU), according to the note."We believe the market is significantly underestimating the potential for (artificial intelligence) to positively impact softline companies' sales and margins," the analysts said.On Saturday, Iran took back control the Strait of Hormuz after temporarily opening the waterway to commercial vessels Friday. The US and Iran have accused each other of violating a two-week ceasefire announced April 7, leaving the situation in the Middle East in limbo.Price: $37.24, Change: $+0.29, Percent Change: +0.78%

$BURL$DECK$GIL$LEVI$LULU$NKE$ONON$RL$TJX

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