Why Ugg's Parent-Company Deckers Outdoor Corporation Stock Soared Today
Portfolio Pulse from Erica Kollmann
Deckers Outdoor Corporation (NYSE:DECK) reported a YoY increase in Q2 earnings per share and better-than-expected sales results, leading to a surge in its stock price. The company also raised its FY 2024 earnings per share guidance and net sales outlook. BTIG analyst Janine Stichter maintained a Buy rating for DECK and raised the price target from $640 to $650.
October 27, 2023 | 8:43 pm
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Deckers Outdoor Corporation reported better-than-expected Q2 earnings and sales, and raised its FY 2024 guidance, leading to a surge in its stock price.
Deckers Outdoor Corporation reported a YoY increase in Q2 earnings per share and better-than-expected sales results. This positive financial performance, along with the raised FY 2024 guidance, has likely boosted investor confidence, leading to a surge in the company's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100