Deckers Outdoor Stock Hits Record Highs, Soars Above $1,000 Mark
An unstoppable shoe stock
Sales are at all-time highs and profits are soaring. Shares of Deckers Outdoor (NYSE: DECK) have never been higher than they are today. The company's shoes, particularly its Hoka and Ugg brands, continue to resonate with consumers, contributing to net sales growth.
Deckers' strong financial performance
- Fourth-quarter sales surged by 21% year over year to nearly $1 billion
- Fiscal 2024 saw a net sales increase of 18% compared to the previous year
- Guidance for fiscal 2025 projects a further 10% increase in sales
Equally impressive is the profit margin improvement, with a gross margin boost to almost 56% in fiscal 2024, leading to over $900 million in operating income.
Investment outlook
Deckers stock, now at a market cap of $26 billion, trades at a reasonable 28 times its operating income, reflecting ongoing growth potential. Investor sentiment suggests the stock is fairly valued with positive business trends prompting confidence in holding shares.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.