Deckers Outdoor Hits New 52 Week High

Deckers Outdoor Corp. (NASDAQ:DECK) expects revenue to grow 29% on a year-over-year basis and boosted its fourth-quarter guidance due to an increase in popularity for its UGG brand footwear. It is an increase of 7% expected revenue.

For the period, the DECK said it earned $1.59 per share, besting the consensus estimate for earnings of $1.36 per share. Revenue sky-rocketed 49% to $414.4 million, easily surpassing the expectations for sales of $386.9 million. Canaccord Genuity reiterated its Buy rating on the shares this morning, citing the company’s strong third-quarter earnings and sales growth. DECK shares have already risen more than 9% in the wake of last night’s earnings report, with the stock tagging a fresh 52-week high of $116 in the process.

Don’t Miss: Crocs and Deckers Outdoor Revealed These Insights During Earnings.

“Short-term resistance appears to have materialized in the $115-$116 region, as DECK has been unable to make a clean with the area so far today. Options traders looking to bet on a continued rise from the security may want to take their cues from today’s most-active calls: the November 115 and 120 strikes. Specifically, with additional gains for DECK trickling in, you could open up a bull call spread at the November 115 and 120 strikes in order to lower the risk of a potential slow down in today’s rally,” according to Forbes.

Here’s how other shoe companies are trading today:

  • Deckers Outdoor Corp. (NASDAQ:DECK): The shares recently traded at $116.80, up $10.62, or 10%. Its market capitalization is $4.50 billion. They have traded in a 52-week range of $52.94 to $116.96. Volume today was 2,587,501 shares versus a 3-month average volume of 1,558,290 shares. The company’s trailing P/E is 32.15, while trailing earnings are $3.63 per share. About the company: Deckers Outdoor Corporation designs and markets footwear and accessories. The Company offers footwear for men, women and children. Deckers sells its products including accessories such as handbags, headwear, and outerwear, through domestic retailers and international distributors and directly to end-user consumers, through call centers, retail concept stores and retail outlet stores.
  • CROCS Inc. (NASDAQ:CROX): The shares recently traded at $16.98, down $0.02, or 0.12%. Its market capitalization is $1.52 billion. They have traded in a 52-week range of $13.72 to $32.47. Volume today was 3,187,273 shares versus a 3-month average volume of 3,863,750 shares. The company’s trailing P/E is 14.34, while trailing earnings are $1.18 per share. About the company: Crocs, Inc. designs and manufactures shoes. The Company produces soft, lightweight, non-marking, slip- and odor-resistant shoes made of closed-cell resin material. Crocs manufactures men’s, women’s, and children’s shoes and markets them to retail chains.
  • Nike Inc. (NYSE:NKE): The shares recently traded at $95.97, up $0.14, or 0.15%. Its market capitalization is $44.50 billion. They have traded in a 52-week range of $69.43 to $96.49. Volume today was 1,612,288 shares versus a 3-month average volume of 3,479,580 shares. The company’s trailing P/E is 20.84, while trailing earnings are $4.61 per share. The company pays a dividend of $1.24 per share for a dividend yield of 1.30%. About the company: NIKE, Inc. designs, develops, and markets athletic footwear, apparel, equipment, and accessory products for men, women, and children. The Company sells its products worldwide to retail stores, through its own stores, subsidiaries, and distributors.
  • Skechers USA Inc. (NYSE:SKX): The shares recently traded at $14.02, up $0.68, or 5.1%. Its market capitalization is $699.12 million. They have traded in a 52-week range of $12.81 to $23.75. Volume today was 1,098,153 shares versus a 3-month average volume of 1,292,110 shares. The company’s trailing P/E is 31.64, while trailing earnings are $0.44 per share. About the company: Skechers U.S.A., Inc. designs and markets branded contemporary casual, active, rugged, and lifestyle footwear for men, women, and children. The Company sells its products to department stores and specialty retailers. Skechers also sells its products internationally through distributors and directly to consumers through its own retail stores.
  • Steven Madden, Ltd. (NASDAQ:SHOO): The shares recently traded at $37.36, up $0.3, or 0.81%. Its market capitalization is $1.60 billion. They have traded in a 52-week range of $24.83 to $41.42. Volume today was 253,668 shares versus a 3-month average volume of 482,400 shares. The company’s trailing P/E is 19.40, while trailing earnings are $1.93 per share. About the company: Steven Madden, Ltd. designs and markets fashion footwear for women. The Company’s shoes are sold through Steve Madden retail stores, department stores, apparel and footwear specialty stores, and online. Steven Madden has licensees, including sportswear and jeans, outerwear, intimate apparel, eyewear, hosiery, and jewelry, and owns and operates a retail store under its David Aaron brand.

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