Deckers Outdoor Corp. The Epic Bullish Breakthrough
Shares of Hoka-owner Deckers Outdoor rose in after-hours trading Thursday after the company handily beat Wall Street expectations in its fiscal fourth quarter.
The stock was recently up 9.4% to $990, following a 1.3% rise at the close. Shares are up about 35% this year as of the close.
The Goleta, Calif.-based shoe and apparel company, which also owns the Ugg and Teva brands, said its sales rose 21% to $959.8 million, ahead of the $888.5 million expected by analysts polled by FactSet.
Hoka brand sales were up 34% and Ugg rose 15%. Teva brand sales fell 16%.
The company posted a profit of $127.5 million, or $4.95 a share, in the three months ended March 31, compared with a profit of $91.8 million, or $3.46 a share, a year earlier. Analysts polled by FactSet expected a per-share profit of $3.10.
Deckers expects revenue to increase about 10% to $4.7 billion in the fiscal year ending March 31, 2025.
The company expects $29.50 to $30 in per-share earnings for the period, compared with the $30.74 a share expected by analysts polled by FactSet.
Technical graph indicates on strong Bullish momentum in Deckers (DECK) shares, that based on my expectations is able to deliver stocks up to $1400 per share.
The stock was recently up 9.4% to $990, following a 1.3% rise at the close. Shares are up about 35% this year as of the close.
The Goleta, Calif.-based shoe and apparel company, which also owns the Ugg and Teva brands, said its sales rose 21% to $959.8 million, ahead of the $888.5 million expected by analysts polled by FactSet.
Hoka brand sales were up 34% and Ugg rose 15%. Teva brand sales fell 16%.
The company posted a profit of $127.5 million, or $4.95 a share, in the three months ended March 31, compared with a profit of $91.8 million, or $3.46 a share, a year earlier. Analysts polled by FactSet expected a per-share profit of $3.10.
Deckers expects revenue to increase about 10% to $4.7 billion in the fiscal year ending March 31, 2025.
The company expects $29.50 to $30 in per-share earnings for the period, compared with the $30.74 a share expected by analysts polled by FactSet.
Technical graph indicates on strong Bullish momentum in Deckers (DECK) shares, that based on my expectations is able to deliver stocks up to $1400 per share.
Trade active:
May 28, 2024
👉 Deckers Outdoor stocks (DECK) up, to print $1032.90 per share, first time in history quadro-digit numbers at Friday, May 24 Daily close.
Deckers stocks joined S&P500 Index (SPX) earlier this year in March, 2024, as well as AI banana-known shares of Super Micro Computers (SMCI).
Both stocks were added in S&P500 Index to replace Whirlpool Corp. (WHR) and Zions Bancorporation N.A. (ZION).
👉 In technical terms, thanks to Upside Tasuki Gap, further robust gain in Deckers shares seems is on the path.
Upside Tasuki Gaps can occur at any time during a bullish trending pattern. Bullish patterns typically follow a cycle that begins with a breakaway gap confirming a reversal and then several runaway gaps followed by an exhaustion gap. As the price of a security trends higher, it often forms an ascending channel.
Traders construct the pattern by drawing two upward sloping lines at the peak and trough levels of price action. An Upside Tasuki Gap can occur within an ascending channel that also includes one or several of the gaps mentioned above.
👉 Deckers Outdoor stocks (DECK) up, to print $1032.90 per share, first time in history quadro-digit numbers at Friday, May 24 Daily close.
Deckers stocks joined S&P500 Index (SPX) earlier this year in March, 2024, as well as AI banana-known shares of Super Micro Computers (SMCI).
Both stocks were added in S&P500 Index to replace Whirlpool Corp. (WHR) and Zions Bancorporation N.A. (ZION).
👉 In technical terms, thanks to Upside Tasuki Gap, further robust gain in Deckers shares seems is on the path.
Upside Tasuki Gaps can occur at any time during a bullish trending pattern. Bullish patterns typically follow a cycle that begins with a breakaway gap confirming a reversal and then several runaway gaps followed by an exhaustion gap. As the price of a security trends higher, it often forms an ascending channel.
Traders construct the pattern by drawing two upward sloping lines at the peak and trough levels of price action. An Upside Tasuki Gap can occur within an ascending channel that also includes one or several of the gaps mentioned above.
Trade active:
May 28, 2024
👉 Deckers Outdoor (DECK) just printed some extra per cents, to reach $1079.14 per share, new the highest quadro-digit numbers at Tue, May 28 Daily close.
👉 Learn more on DECK financials to understand the Business, as it should be.
👉 Thanks a lot to @TradingView Team, for a detailed presentation of financial indicators. Studying the financial performance of a company as part of a group of competing enterprises and relative to the group (sector) average would also be great value.
👉 Deckers Outdoor (DECK) just printed some extra per cents, to reach $1079.14 per share, new the highest quadro-digit numbers at Tue, May 28 Daily close.
👉 Learn more on DECK financials to understand the Business, as it should be.
👉 Thanks a lot to @TradingView Team, for a detailed presentation of financial indicators. Studying the financial performance of a company as part of a group of competing enterprises and relative to the group (sector) average would also be great value.