|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||104.86 - 109.34|
|52 Week Range||61.37 - 109.34|
|PE Ratio (TTM)||44.26|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Retail stocks were wildly mixed early Friday, as oil prices skidded dragged Dow Jones futures lower, threatening the market's gain for the week.
On May 24, Deckers (DECK) was trading 4.9% higher in after-market hours following the company’s fiscal 4Q 2018 results. The company’s sales of $400.7 million topped the analyst consensus estimate of $376.2 million.
Check out the companies making headlines before the bell: Foot Locker FL – The athletic apparel and footwear retailer reported adjusted quarterly profit of $1.45 per share , 20 cents a share above estimates.
Stock futures rose early Friday. Splunk, Veeva, Ross Stores and Deckers Outdoor closed in buy range, but were active overnight on earnings. Autodesk, near a buy point, also reported earnings.
Deckers (DECK) is focusing on expanding brand assortments, introducing more innovative line of products and optimizing omnichannel distribution.
Deckers Outdoor rises on earnings, Ross Stores is lower on results, Splunk sees strong sales growth, and Diamondback Energy is under pressure.
Deckers Outdoor Corp (NYSE:DECK) reported its latest quarterly earnings results after the bell Thursday, which came in well ahead of Wall Street’s consensus estimate. Deckers Outdoor’s revenue was $400.69 million for the period, a 6.6% increase on a constant currency basis from the $369.47 million from the year-ago period. Deckers Outdoor’s gross margin improved by 220 bps to amount to 48.9% of sales off the extra leverage.
Ugg parent Deckers Outdoor blew past fiscal fourth-quarter earnings forecasts after the close Thursday, though guidance was mixed.
GOLETA, Calif. (AP) _ Deckers Outdoor Corp. (DECK) on Thursday reported fiscal fourth-quarter net income of $20.6 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Goleta, California-based company said it had net income of 66 cents. The results exceeded Wall Street expectations.
On Thursday, Deckers Outdoor (NYSE: DECK ) will release its latest earnings report. Check out Benzinga's report to understand the earnings report's implications. Earnings and Revenue Wall Street expects ...
Decker's Outdoors (DECK) has been on a tear this year, but the shares may go out of fashion faster than last year's Uggs, warns Susquehanna's Sam Poser. Poser reiterated a Negative rating on the shares ahead of the report.
Deckers' (DECK) focus on expanding brand assortments, bringing more innovative line of products, targeting consumers via marketing and optimizing omni-channel distribution bode well for Q4 earnings.
Will Analysts Be Right about Foot Locker's Q1 2018 Results? Ahead of the expected fiscal first-quarter results on May 25, most analysts covering Foot Locker (FL) are maintaining a “buy” rating. The analysts’ 12-month average target price for Foot Locker is $51.95, which reflects an 18.3% upside to its stock as of May 17.
Bulls had a modest goal for Wednesday's session — avoid trouble. In midday action, stocks were holding steady. Oil firms cooled off.
Of the 14 analysts covering Deckers Outdoor (DECK) on April 16, 2018, 71% recommended “hold,” 21% recommended “buy,” and 8% recommended “sell.” There have been no price revisions in the last month. Analysts’ 12-month average target price for Deckers Outdoor stock is $95.75, which reflects a 0.8% upside based on its stock price on April 16, 2018.
Forward PE ratios (stock price divided by analysts’ earnings projections for the next four quarters) are frequently used for making investment decisions. As of April 16, 2018, Skechers (SKX) was trading at a 12-month forward PE ratio of ~17.7x, much higher than other footwear retailers. In comparison, Deckers Outdoor (DECK), DSW (DSW), and Foot Locker (FL) were trading at 12-month forward PE ratios of 16.2x, 13.1x, and 9.6x, respectively.
Analysts expect Foot Locker’s (FL) adjusted EPS (earnings per share) to grow 8.8% to $4.47 in fiscal 2018. The company has guided for its EPS to grow by double digits, driven by expected increases in its top line and a reduced share count in 2H18. Its effective tax rate is expected to be ~27%–28%.
In fiscal 2017 (ended February 3, 2018), Foot Locker’s (FL) gross margin contracted by 230 basis points to 31.6%, mainly due to a narrower merchandise margin. The rise in SG&A and litigation expenses led to a 42.9% decline in operating income to $571 million. Foot Locker had an operating margin of 7.3%, compared with 12.9% in fiscal 2016.
Analysts expect Foot Locker’s (FL) sales to fall 1% to $7.7 billion in fiscal 2018. Foot Locker expects sales trends to improve in 2H18, driven mainly by increased sales of premium products. Foot Locker is eyeing higher penetration in the apparel category.
Analyst Ivan Feinseth downgraded the shares to Neutral from Buy on Wednesday, writing that the stock looks fully valued at current levels, and that favorable business trends may be peaking. Deckers benefited from strong demand for its UGG brand of footwear, helped by harsh winter conditions, and it’s also been bolstering its omnichannel capabilities.