Why Deckers Outdoor Stock Dropped 7% Today [Yahoo! Finance]
Deckers Outdoor Corporation (DECK)
Last deckers outdoor corporation earnings: 1/30 04:05 pm
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Source: Yahoo! Finance
Deckers is probably best known for selling the Ugg and Teva brands, but it was actually the fast-growing Hoka sportswear brand that earned the analyst's ire, on worries it might grow only 25% this year. Wait. "Only" 25? I know, right? For any other footwear brand , 25% growth would be pretty impressive. For that matter, even at Deckers, Teva sales grew only 15% year over year in 2023, and Ugg sales were down 8%. The thing is, Civello had been modeling 40% year-over-year growth for Hoka this year, but according to StreetInsider.com, the analyst now thinks that -- based on February and March sales trends -- Hoka sales will only grow 25% this year. Hence the downgrade. Is Deckers stock a buy? Now, the good news is that Truist data is showing "very strong" sales for Ugg, which is apparently reviving already despite the warm weather. And Civello believes Hoka still has good long-term potential. The other bad news, though, is that Deckers stock at 31 times earnings looks vulner
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News
- Why Deckers Stock Dropped Today [Yahoo! Finance]Yahoo! Finance
- Is Trending Stock Deckers Outdoor Corporation (DECK) a Buy Now? [Yahoo! Finance]Yahoo! Finance
- HOKA® Announces the Launch of Skyward X: The Next BIG Innovation in RunningPR Newswire
- Deckers Outdoor Co. (NYSE: DECK) was downgraded by analysts at Bank of America Co. from a "buy" rating to a "neutral" rating. They now have a $860.00 price target on the stock, down previously from $875.00.MarketBeat
- Deckers Brands Promotes Marco Ellerker to President of Global MarketplacePR Newswire
DECK
Earnings
- 2/1/24 - Beat
DECK
Sec Filings
- 4/16/24 - Form 4
- 4/15/24 - Form 144
- 4/10/24 - Form SC
- DECK's page on the SEC website