Ultime notizie per Deckers Outdoor (NYSE:DECK) Azioni

Deckers Outdoor

Deckers Outdoor Corp designs and sells casual and performance footwear, apparel, and accessories. Primary brands include UGG, Teva, and Sanuk. The company distributes Majority of its products through its wholesale business, but it also has a substantial direct-to-consumer business with its company-owned retail stores and websites. Majority of its sales are in the United States, although the company also has retail stores and distributors throughout Europe, Asia, Canada, and Latin America. It has structured their reporting around six segments which inlcudes the wholesale operations of specific brands like UGG, HOKA, Teva, Sanuk, and Other brands, alongside a segment focused on direct-to-consumer (DTC) operations.

Deckers Outdoor Corporation

Deckers Outdoor Corp

DECKER MANUFACTURING CORP by Decker Manufacturing Corp.

Decker Manufacturing Corp

DECKLAR RES INC by Decklar Resources Inc.

Decklar Resources Inc

News

Analyst Ratings

Trading Ideas

ARES

CRWD

DECK

CNBC Halftime Report Final Trades: Deckers Outdoor, Citigroup, Ares Management Corp, CrowdStrike

WIIM

FORD

LULU

Shares of apparel-related companies are trading higher after the dockworkers reached a deal to suspend their strike after they reached a tentative agreement.

Nike (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nke#NYSE">NKE</a>) shares fell after the Q1 report, which opened an opportunity for investors. The fall is due to numerous factors, including weaker-than-expected results, revoked guidance, and a CEO transition that is ultimately expected to turn the company around. The takeaway is that Nike faces headwinds and has a long road to recovery, but market support remains firm, and recovery is expected. The question is if now is the right time to buy or if the stock will make a deeper correction before the rebound begins.
The analysts are trimming targets but have yet to make any downgrades. The 19 MarketBeat tracks have the stock pegged at a Moderate Buy and trading near a floor in the low $70s. With this dynamic in play, the market will likely bottom soon and begin to rebuild the base. The critical drivers for the action going forward will be a recovery in wholesales and product innovation, the primary reasons for the company&#39;s weakness today. Nike&#39;s leaning into direct-to-consumer sales eroded wholesaler support, exacerbating market share losses related to innovation.&nbsp;
Nike did not make any significant product innovations for years until 2024, losing market share to start-ups like On Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/onon#NYSE">ONON</a>) and legacy shoemakers like Adidas (OTC: <a class="ticker" href="https://www.benzinga.com/stock/adddf#OTC">ADDDF</a>) and Deckers Outdoors (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/deck#NYSE">DECK</a>). On Holdings is growing at an industry-leading double-digit pace while Nike flounders in contraction. Even so, the new Nike pipeline depends on updates to existing Air technology, athlete partnerships to drive product changes, and streamlined production, which may not yield results quickly. The best estimates are for the changes to take effect in early 2026, more than eighteen months away.&nbsp;
<h2>Nike Had a Tough Quarter, But Not a Bad One</h2>
Nike had a tough time in Q1, but the business remains profitable, producing positive cash flow sufficient to sustain balance sheet quality and capital returns. The company reported $11.6 billion in net revenue, down 10.4% compared to last year, falling short of the consensus estimates but beating the bottom line. Revenue was impacted by weakness in Nike and Converse brands, DTC, and wholesales, with a contraction in the core footwear and apparel categories. Equipment is the single area of strength, up 34%, aiding bottom-line results.&nbsp;
The margin news is also mixed, with gross margin and selling, general, and administrative expenses (SG&amp;A) improving but offset by increased sales and tax expenses. The takeaway is that net income is down 28% year over year, and the diluted GAAP EPS is 26% but well above forecasts, reflecting operational improvements and quality. The net result is $0.70 in GAAP EPS, which is more than 3500 basis points above consensus, with margin quality expected to continue in the coming quarters.&nbsp;
The details that spooked the market are the retracted full-year guidance and delayed investor day conference, which brings an element of uncertainty to the outlook with the CEO change due soon. As it is, the company expects Q2 revenue to be down 8% to 10%, putting the H1 outlook in alignment with the prior forecast.&nbsp;
<h2>No Red Flags on Nike&#39;s Strong Balance Sheet: Capital Returns Can Run</h2>
As troubled as Nike is, the company produced a positive cash flow quarter and improved its balance sheet while sustaining dividends and share repurchases. The share repurchases topped $1 billion for the quarter, helping to reduce the average count by 2.7%, and will likely continue as the fiscal year progresses.&nbsp;
The dividend is also safe at roughly 50% of the quarterly earnings. However, the pace of annual increase will likely slow from double-digits into the low single-digits until growth is reinvigorated. Regarding the balance sheet, cash and assets are up compared to last year, and debt and equity are relatively flat, leaving the company in a net-cash position relative to its debt, with leverage low at 0.6x equity. Nike has work to do but is in a solid financial position, capable of making the necessary moves to achieve its goal.&nbsp;
<img alt="Nike NKE stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241002091343_chart-nke-1022024.png" style="height:423px; width:917px" />
The article &quot;<a href="https://www.marketbeat.com/originals/nikes-post-earnings-drop-presents-a-buying-opportunity/">Nike&#39;s Post-Earnings Drop Presents a Buying Opportunity</a>&quot; first appeared on MarketBeat.

Earnings

Large Cap

Guidance

Dividends

Retail Sales

Markets

ADDDF

ONON

Nike's Post-Earnings Drop Presents a Buying Opportunity

Levi Strauss (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/levi#NYSE">LEVI</a>) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 6.45%. A quarter ago, it was expected that this jeans maker would post earnings of $0.11 per share when it actually produced earnings of $0.16, delivering a surprise of 45.45%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Levi Strauss, which belongs to the Zacks Retail - Apparel and Shoes industry, posted revenues of $1.52 billion for the quarter ended August 2024, missing the Zacks Consensus Estimate by 2.25%. This compares to year-ago revenues of $1.51 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Levi Strauss shares have added about 31.1% since the beginning of the year versus the S&amp;P 500&#39;s gain of 19.7%.
<h2>What&#39;s Next for Levi Strauss?</h2>
While Levi Strauss has outperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Levi Strauss: unfavorable. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.51 on $1.76 billion in revenues for the coming quarter and $1.24 on $6.31 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Apparel and Shoes is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Deckers (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/deck#NYSE">DECK</a>), has yet to report results for the quarter ended September 2024.
This maker of Ugg footwear is expected to post quarterly earnings of $1.21 per share in its upcoming report, which represents a year-over-year change of +6.1%. The consensus EPS estimate for the quarter has been revised 0% higher over the last 30 days to the current level.
Deckers&#39; revenues are expected to be $1.19 billion, up 9.2% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2344999/levi-strauss-levi-q3-earnings-surpass-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2344999">To read this article on Zacks.com click here.</a>

Earnings Beats

Mid Cap

LEVI

Levi Strauss Q3 Earnings Surpass Estimates

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$250.00</td>
<td>$30.6K</td>
<td>11.3K</td>
<td>37.1K</td>
</tr>
<tr>
<td>GOTU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$4.00</td>
<td>$390.0K</td>
<td>20.7K</td>
<td>10.1K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$114.00</td>
<td>$26.9K</td>
<td>3.6K</td>
<td>6.0K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$150.00</td>
<td>$33.0K</td>
<td>11.7K</td>
<td>3.6K</td>
</tr>
<tr>
<td>WOOF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$4.50</td>
<td>$27.5K</td>
<td>5.2K</td>
<td>1.5K</td>
</tr>
<tr>
<td>XPEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$12.50</td>
<td>$31.6K</td>
<td>69</td>
<td>253</td>
</tr>
<tr>
<td>LCID</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$4.50</td>
<td>$35.2K</td>
<td>352</td>
<td>200</td>
</tr>
<tr>
<td>DECK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$150.00</td>
<td>$27.7K</td>
<td>305</td>
<td>177</td>
</tr>
<tr>
<td>DASH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$150.00</td>
<td>$56.4K</td>
<td>2.6K</td>
<td>142</td>
</tr>
<tr>
<td>WYNN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$65.00</td>
<td>$30.2K</td>
<td>2.1K</td>
<td>100</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option sweep that happens to be bearish, expiring in 2 day(s) on October 4, 2024. This event was a transfer of 52 contract(s) at a $250.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $30.6K, with a price of $590.0 per contract. There were 11354 open contracts at this strike prior to today, and today 37187 contract(s) were bought and sold. 
• Regarding GOTU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOTU#NYSE">GOTU</a>), we observe a put option trade with bearish sentiment. It expires in 16 day(s) on October 18, 2024. Parties traded 10000 contract(s) at a $4.00 strike. The total cost received by the writing party (or parties) was $390.0K, with a price of $39.0 per contract. There were 20790 open contracts at this strike prior to today, and today 10160 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on October 4, 2024. This event was a transfer of 100 contract(s) at a $114.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $26.9K, with a price of $270.0 per contract. There were 3658 open contracts at this strike prior to today, and today 6096 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a call option trade that happens to be bullish, expiring in 9 day(s) on October 11, 2024. This event was a transfer of 50 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $33.0K, with a price of $660.0 per contract. There were 11714 open contracts at this strike prior to today, and today 3637 contract(s) were bought and sold. 
• For WOOF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>), we notice a call option trade that happens to be bullish, expiring in 16 day(s) on October 18, 2024. This event was a transfer of 500 contract(s) at a $4.50 strike. The total cost received by the writing party (or parties) was $27.5K, with a price of $55.0 per contract. There were 5218 open contracts at this strike prior to today, and today 1565 contract(s) were bought and sold. 
• For XPEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), we notice a call option sweep that happens to be bearish, expiring in 23 day(s) on October 25, 2024. This event was a transfer of 200 contract(s) at a $12.50 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $31.6K, with a price of $158.0 per contract. There were 69 open contracts at this strike prior to today, and today 253 contract(s) were bought and sold. 
• Regarding LCID (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), we observe a put option trade with bullish sentiment. It expires in 170 day(s) on March 21, 2025. Parties traded 200 contract(s) at a $4.50 strike. The total cost received by the writing party (or parties) was $35.2K, with a price of $176.0 per contract. There were 352 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• Regarding DECK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>), we observe a put option sweep with bearish sentiment. It expires in 16 day(s) on October 18, 2024. Parties traded 150 contract(s) at a $150.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $27.7K, with a price of $185.0 per contract. There were 305 open contracts at this strike prior to today, and today 177 contract(s) were bought and sold. 
• Regarding DASH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>), we observe a call option sweep with bearish sentiment. It expires in 107 day(s) on January 17, 2025. Parties traded 60 contract(s) at a $150.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $56.4K, with a price of $940.0 per contract. There were 2699 open contracts at this strike prior to today, and today 142 contract(s) were bought and sold. 
• Regarding WYNN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>), we observe a put option sweep with neutral sentiment. It expires in 471 day(s) on January 16, 2026. Parties traded 100 contract(s) at a $65.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $30.2K, with a price of $302.0 per contract. There were 2163 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

BABA

DASH

GSX Techedu Inc. American Depositary Shares

GOTU

LCID

Citigourp Global Markets 2% Protected Notes Linked To The Djia

TSLA

WOOF

WYNN

XPEV

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Nike Inc's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) <a href="https://www.benzinga.com/news/earnings/24/10/41129610/nike-q1-earnings-revenue-miss-eps-beat-teams-energized-amid-ceo-transition-a-comeback-at-this-scale">first-quarter financial results </a>showed that a turnaround by incoming CEO Elliot Hill could take longer than expected and come with increasing challenges, according to analysts.
The Nike Analysts: 
<ul>
<li>RBC Capital analyst Piral Dadhania maintained a Sector Perform rating and lowered the price target from $85 to $82.</li>
<li>Truist analyst Joseph Civello maintained a Hold rating and lowered the price target from $85 to $83.</li>
<li>Morgan Stanley analyst Alex Straton maintained an Equal-Weight rating with a price target of $82.</li>
<li>Stifel analyst Jim Duffy maintained a Hold rating with a price target of $79.</li>
<li>Oppenheimer analyst Brian Nagel maintained an Outperform rating with a price target of $120.</li>
</ul>
Read Also: <a href="https://www.benzinga.com/analyst-ratings/price-target/24/09/41105723/nike-q1-earnings-preview-china-north-america-in-focus-analyst-says-not-much-to-get-e">Nike Q1 Earnings Preview: China, North America In Focus, Analyst Says &#8216;Not Much To Get Excited About Yet&#8217; With CEO Change</a>
RBC Capital: With a new CEO at the helm, Dadhania said Nike's "product pivot will take time" in a new investor note.
The analyst lowered revenue and earnings per share estimates with soft traffic and unit sales reported in the first quarter.
"The market likely looks through some of the near term earnings headwinds, with focus on the new CEO strategy, improving product offer and Performance focus," Dadhania said.
Nike's new products are performing well and an acceleration is expected in the Running category, the analyst added.
Truist: New CEO Elliot Hill taking over could present a "long/uncertain path" for Nike, Civello cautioned in a new investor note.
"With another miss vs. depressed expectations, Nike's visibility into its own business appears lower than we previously anticipated, which adds an incremental layer of difficulty to an already-tough task for incoming CEO Elliot Hill," Civello said.
The analyst said the new CEO change could push out optimistic expectations for a turnaround by Spring 2026 that bulls had been expecting.
Competition from On Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) and Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>), which owns HOKA could continue to hurt Nike, the analyst cautioned.
Civello said optimistic expectations that Hill can improve Nike's wholesale business will prove tougher as Nike's brand continues to "fade faster" and Nike's leverage with retail partners has shrunk.
Nike holds a dominant share position. However, the marketplace is &#8220;a lot more competitive than it was during Mr. Hill's prior tenure with Nike,&#8221; Civello adds. It remains to be seen if Civello can be &#8220;as effective given these new dynamics."
Morgan Stanley: First quarter earnings from Nike provided more for the bears than for the bulls, Straton said.
A worse-than-expected Q2 outlook and withdrawn fiscal-year guide overshadowed the headline Q1 beat, Straton said.
Weaker demand, rising inventory levels and risks of more promotional activity could give bears more to lean on, the analyst added.
"The stock likely proves range-bound while outstanding debates linger."
With Nike postponing its Investor Day and a new CEO coming into the mix, Straton said the company's strategy is "still not entirely clear."
Stifel: Declines in North America, EMEA and digital segments show Nike's market share losses, Duffy said.
"We agree with management comments that ‘a comeback of this scale takes time,'" Duffy said.
The analyst said recent stock activity shows that investors may have been betting on more of a near-term comeback for Nike.
"With a new CEO assuming the role in two weeks, we expect a return to growth sufficient to justify the high-twenties forward P/E multiple unlikely until 1HCY26 at the earliest."
Duffy said Nike remains the number one athletic brand and has a history of innovation and scale advantages.
"Lofty market share, increasingly credible competition, and recent footwear share losses, however, are resulting in revenue declines and margin pressure."
Oppenheimer: New product innovations were a key highlight for Nike in the quarter, Nagel said.
The analyst said Nike's new product innovations saw double-digit revenue growth in the quarter.
"Senior leadership remains optimistic around the product pipeline in running footwear and apparel, and announced plans for new running franchises priced below $100, allowing the brand to be more accessible to lower price-point consumers," Nagel said.
Nagel said Nike withdrawing fiscal 2025 guidance is likely done with the intention of clearing the deck for the new CEO as the company works on a "more aggressive turnaround effort."
Price Action: Nike stock is down 5.73% to $84.05 on Wednesday versus a 52-week trading range of $70.75 to $123.39. Nike stock is down 23% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40957353/nikes-new-ceo-elliott-hill-to-focus-on-repairing-retailer-relations">Nike&#8217;s New CEO Elliott Hill To Focus On Repairing Retailer Relations</a></li>
</ul>
Image: Shutterstock

Analyst Color

Price Target

Reiteration

Nike Stock Takes Hit After Q1 Earnings: Analysts Expect Comeback To Take Time With 'Uncertain Path'

While footwear manufacturers like Nike Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nke#NYSE">NKE</a>), Crocs Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crox#NASDAQ">CROX</a>), and Skechers U.S.A. Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skx#NYSE">SKX</a>) stocks took hits with contracting sales due to weaker consumer spending, ON Holdings AG (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/onon#NYSE">ONON</a>) has been quietly making new highs trading up nearly 90% year-to-date (YTD). This consumer discretionary sector company&#39;s sneakers have an elastic demand appeal with runners.
<h2>On Holding&#39;s CloudTec Technology </h2>
From Deckers Outdoor Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/deck#NYSE">DECK</a>) Hoka&#39;s &quot;Active Foot Frame&quot; and &quot;MetaRocker&quot; technology to Nike&#39;s &quot;Tensil Air&quot; and &quot;ReactX&quot; technology with carbon fiber plates and ZoomX foam, it seems every sneaker manufacturer has some proprietary technology that makes their shoes special.
On Holding&#39;s CloudTec technology is meant to make runners feel like they&#39;re walking on clouds. It&#39;s a Swiss-engineered cushioning technology comprised of cylindrical cloud parts located on the shoe&#39;s outsole that compress vertically and horizontally to absorb impact, providing a soft landing with each step.
It also has a rebounding effect that builds a propulsive force to propel the runner forward. It converts the kinetic energy generated by each landing into a powerful takeoff.
<h2>Unveiling LightSpray Technology </h2>
On Holding unveiled its LightSpray technology during the 2024 Paris Olympics. It&#39;s a revolutionary manufacturing process that takes three minutes to make each shoe. They are spray-on shoes. It uses a robotic arm that applies liquid polymer material onto an upper shoe mold, instantly solidifying on contact and creating a completely customized upper weight of only 30 grams with 75% less carbon emission. The technology eliminates seams, laces, tongue, and heel caps to improve comfort, reduce irritation, and create a shoe that weighs virtually nothing. Hellen Obiri wore LightSpray On shoes to win her second Boston Marathon in 2024.
<h2>Not Inventory Glut, But Inventory Shortage </h2>
Apparently, runners can&#39;t get enough, as On Holding has had to deal with inventory shortages, not&nbsp;inventory surpluses and glutes experienced by competitors. This also keeps On Holding&#39;s merchandise selling at full price, from $140 to $190 per pair of shoes, with very few promotions, which contributes&nbsp;to its margins.
<h2>Double-Digit Sales Growth in All Channels </h2>
On Holding reported its second quarter 2024 EPS of 16 cents, missing analyst estimates by 1 penny. Gross profit margin rose 40 bps to a hefty 59.95%, driven by full-price sales and lower freight costs. Revenue climbed an impressive 27.8% YoY to 635.2 million, beating analyst estimates of $628.52 million. Sales rose double-digits across all channels. Direct-to-consumer (DTC) sales rose 28.1% YoY. Wholesale revenue rose 27.6% YoY. Sales for the Americas rose 26.7% YoY. Asia Pacific sales rose 24.8% YoY.
<h2>Reiterating Double-Digit Guidance </h2>
On Holding reiterates its full-year expectations of at least 30% YoY net sales growth, 60% gross operating profit margin, and an adjusted EBITDA margin of 16% to 16.5% in constant currency. The focus will be on On&#39;s U.S. warehouse automation to scale its distribution capabilities in the United States to meet the outsized demand.
On Holding CEO and Co-Founder David Allemann commented, &quot;As mentioned, the strong brand momentum converts into strong demand for On across all our channels and partners. The ability to convert this momentum to sales, especially in the Americas region, would have been even higher. Still, the ongoing transition of our Atlanta warehouse led to some product availability constraints, including key franchises like the Cloud and delayed or missing deliveries both toward our D2C and wholesale customers.&quot;
<h2>ONON Stock Sets Up an Ascending Triangle </h2>
An ascending triangle is a bullish pattern comprised of a flat-top upper trendline resistance converging with an ascending lower trendline support at the apex point. The breakout occurs when the stock surges through the upper trendline resistance.
<img alt="ONON On Holdings stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240929175720_chartc-onon.jpg" style="height:756px; width:915px" />
ONON formed a flat-top upper trendline resistance at $52.06. The rising lower trendline support formed from higher lows on pullbacks. The ascending triangle breakout triggers above $52.06. The daily anchored VWAP support is at $47.09. The daily relative strength index (RSI) is flat around the 66-band. Fibonacci (Fib) pullback support levels are at $47.90, $43.47, $40.58, and $37.50.
On Holding&#39;s average consensus price target is $47.95, and its highest analyst price target&nbsp;is&nbsp;$60.00.&nbsp;Analysts have given it 18 Buy ratings and five Hold ratings.
Actionable Options Strategies: Bullish investors can buy on pullbacks using cash-secured puts at the fib pullback support levels to buy the dip and write covered calls to execute a wheel strategy for income.
Bullish options investors can take a bullish call debit spread for less capital than owning the stock while minimizing the downside with capped upside gains.
The article &quot;<a href="https://www.marketbeat.com/originals/up-90-and-still-running-on-holding-stocks-remarkable-climb/">Up 90% and Still Running: On Holding Stock&#39;s Remarkable Climb</a>&quot; first appeared on MarketBeat.

Technicals

Tech

CROX

Up 90% and Still Running: On Holding Stock's Remarkable Climb

Deckers Outdoor's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) short percent of float has fallen 81.85% since its last report. The company recently reported that it has 923 thousand shares sold short, which is 1.0% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.9 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Deckers Outdoor Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727787621_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Deckers Outdoor has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Deckers Outdoor's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Deckers Outdoor's peer group average for short interest as a percentage of float is 7.49%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(DECK) - Analyzing Deckers Outdoor's Short Interest

Wells Fargo analyst Ike Boruchow maintains Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) with a Equal-Weight, adjusts target to $165 from $1000 (forward stock split 6:1).

Wells Fargo Maintains Equal-Weight on Deckers Outdoor, Adjusts Price Target To $165 (forward stock split 6:1)

Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) has outperformed the market over the past 20 years by 16.43% on an annualized basis producing an average annual return of 24.91%. Currently, Deckers Outdoor has a market capitalization of $22.82 billion. 
Buying $1000 In DECK: If an investor had bought $1000 of DECK stock 20 years ago, it would be worth $85,940.67 today based on a price of $149.68 for DECK at the time of writing.
<h3>Deckers Outdoor's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726857082_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Deckers Outdoor 20 Years Ago Would Be Worth Today

Barclays analyst Adrienne Yih maintains Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) with a Overweight, adjusts target to $180 from $1090 (Forward Stock Split 6:1).

Barclays Maintains Overweight on Deckers Outdoor, Adjusts Price Target To $180 (Forward Stock Split 6:1)

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$230.00</td>
<td>$25.7K</td>
<td>57.0K</td>
<td>68.6K</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$37.50</td>
<td>$28.6K</td>
<td>21.3K</td>
<td>3.3K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$200.00</td>
<td>$26.8K</td>
<td>26.8K</td>
<td>1.2K</td>
</tr>
<tr>
<td>LEVI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$20.00</td>
<td>$26.3K</td>
<td>520</td>
<td>1.0K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$90.00</td>
<td>$44.4K</td>
<td>21.8K</td>
<td>921</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$95.00</td>
<td>$28.5K</td>
<td>7.1K</td>
<td>477</td>
</tr>
<tr>
<td>FL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$25.00</td>
<td>$148.0K</td>
<td>472</td>
<td>400</td>
</tr>
<tr>
<td>W</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$50.00</td>
<td>$25.6K</td>
<td>2.5K</td>
<td>238</td>
</tr>
<tr>
<td>GM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$48.00</td>
<td>$40.3K</td>
<td>1.4K</td>
<td>134</td>
</tr>
<tr>
<td>DECK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$150.00</td>
<td>$29.6K</td>
<td>25</td>
<td>99</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be neutral, expiring in 2 day(s) on September 20, 2024. This event was a transfer of 53 contract(s) at a $230.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.7K, with a price of $485.0 per contract. There were 57053 open contracts at this strike prior to today, and today 68627 contract(s) were bought and sold. 
• Regarding JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we observe a call option sweep with bullish sentiment. It expires in 121 day(s) on January 17, 2025. Parties traded 691 contract(s) at a $37.50 strike. This particular call needed to be split into 113 different trades to become filled. The total cost received by the writing party (or parties) was $28.6K, with a price of $41.0 per contract. There were 21376 open contracts at this strike prior to today, and today 3373 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option trade with bearish sentiment. It expires in 30 day(s) on October 18, 2024. Parties traded 180 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $26.8K, with a price of $149.0 per contract. There were 26885 open contracts at this strike prior to today, and today 1284 contract(s) were bought and sold. 
• Regarding LEVI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on September 20, 2024. Parties traded 1055 contract(s) at a $20.00 strike. This particular call needed to be split into 41 different trades to become filled. The total cost received by the writing party (or parties) was $26.3K, with a price of $25.0 per contract. There were 520 open contracts at this strike prior to today, and today 1063 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option sweep with bearish sentiment. It expires in 30 day(s) on October 18, 2024. Parties traded 499 contract(s) at a $90.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $44.4K, with a price of $89.0 per contract. There were 21885 open contracts at this strike prior to today, and today 921 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a put option trade that happens to be bearish, expiring in 30 day(s) on October 18, 2024. This event was a transfer of 125 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $28.5K, with a price of $228.0 per contract. There were 7143 open contracts at this strike prior to today, and today 477 contract(s) were bought and sold. 
• Regarding FL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>), we observe a call option trade with bullish sentiment. It expires in 30 day(s) on October 18, 2024. Parties traded 400 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $148.0K, with a price of $370.0 per contract. There were 472 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold. 
• Regarding W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we observe a put option trade with bearish sentiment. It expires in 58 day(s) on November 15, 2024. Parties traded 45 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $25.6K, with a price of $570.0 per contract. There were 2584 open contracts at this strike prior to today, and today 238 contract(s) were bought and sold. 
• For GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we notice a call option sweep that happens to be bullish, expiring in 121 day(s) on January 17, 2025. This event was a transfer of 95 contract(s) at a $48.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $40.3K, with a price of $425.0 per contract. There were 1477 open contracts at this strike prior to today, and today 134 contract(s) were bought and sold. 
• For DECK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>), we notice a put option trade that happens to be bearish, expiring in 184 day(s) on March 21, 2025. This event was a transfer of 24 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $29.6K, with a price of $1234.0 per contract. There were 25 open contracts at this strike prior to today, and today 99 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMZN

Stifel analyst Jim Duffy maintains Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) with a Hold, adjusts target to $147.83 from $887 (6-1 stock split)

Stifel Maintains Hold on Deckers Outdoor, Adjusts Price Target To $147.83 from $887 (6-for-1 stock split)

Deckers Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>), a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, today announced that during its annual meeting held on September 9, 2024, its stockholders approved a six-for-one forward stock split, along with a proportionate increase in the number of authorized shares of its common stock.

Stock Split

Deckers Brands Announces Stockholder Approval Of 6-For-1 Forward Stock Split And Proportionate Increase In Authorized Common Stock, Expected To Begin On A Post-Stock Split Adjusted Basis At Market Open On September 17, 2024

Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) has outperformed the market over the past 10 years by 13.9% on an annualized basis producing an average annual return of 24.34%. Currently, Deckers Outdoor has a market capitalization of $22.35 billion. 
Buying $100 In DECK: If an investor had bought $100 of DECK stock 10 years ago, it would be worth $885.34 today based on a price of $879.50 for DECK at the time of writing.
<h3>Deckers Outdoor's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725652949_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 10 Years Ago, You Would Have $900 Today

Deckers Outdoor's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) short percent of float has risen 12.5% since its last report. The company recently reported that it has 940 thousand shares sold short, which is 6.12% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.95 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Deckers Outdoor Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725045311_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Deckers Outdoor has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Deckers Outdoor's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Deckers Outdoor's peer group average for short interest as a percentage of float is 6.63%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Deckers Outdoor's Recent Short Interest

Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) has outperformed the market over the past 10 years by 15.4% on an annualized basis producing an average annual return of 26.17%. Currently, Deckers Outdoor has a market capitalization of $24.21 billion. 
Buying $100 In DECK: If an investor had bought $100 of DECK stock 10 years ago, it would be worth $1,022.34 today based on a price of $952.84 for DECK at the time of writing.
<h3>Deckers Outdoor's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724866234_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Deckers Outdoor Stock In The Last 10 Years

Ross Stores, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rost#NASDAQ">ROST</a>) reported strong results for the second quarter of 2024, with both its top and bottom lines showing year-over-year growth and surpassing the Zacks Consensus Estimate. The strong results can be attributed to its focus on offering stronger value propositions to customers. Despite better-than-expected results, Ross Stores has provided cautious guidance for the second half of 2024.
<div class="chart_embed">
<h3>Ross Stores, Inc. Price, Consensus and EPS Surprise</h3>
<img alt="Ross Stores, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/d8/1724424804.png" style="height:265px; width:581px" title="" />
Ross Stores, Inc. price-consensus-eps-surprise-chart | Ross Stores, Inc. Quote
</div>
<h2>Let&#39;s Delve Deeper into ROST&#39;s Q2 Performance</h2>
Ross Stores, the leading off-price apparel retailer, delivered earnings of $1.59 per share, which significantly surpassed the Zacks Consensus Estimate of $1.49 per share. Additionally, the bottom line also improved by 20.5% from $1.32 per share reported in the second quarter of fiscal 2024.
Total sales of $5,287.5 million rose 7% year over year and surpassed the consensus estimate of $5,249 million. The sales improvement mainly stemmed from strong comparable store sales (comps) performance. Comps improved by 4%, mainly driven by a combination of higher customer traffic and increased basket size, indicating that more shoppers visited Ross Stores during the quarter and purchased more items per visit.&nbsp;
The cost of goods sold (COGS) was $3,791.9 million, which increased 6.2% year over year. As a percentage of sales, COGS was 71.7%, marking a year-over-year decrease of 60 basis points (bps). We had estimated a 50-bps decline in the COGS rate to 71.8%. The gross profit edged up 9.5% year over year to $1,495.6 million, whereas the gross margin expanded 60 bps to 28.3% from 27.7% in the year-ago quarter.
Selling, general and administrative (SG&amp;A) expenses of $836.4 million increased 3.5% year over year. SG&amp;A, as a percentage of sales, fell 60 bps year over year to 15.8%. We estimated the SG&amp;A rate to be 16.4%, which is indicated to be in line with the previous quarter. The decrease in the SG&amp;A rate was mainly because of lower incentive costs and higher sales. The operating margin of 12.5% grew 115 bps year over year. We had projected an operating margin expansion of 50 bps for the quarter.
<h2>A Sneak Peek Into ROST&#39;s Other Financials</h2>
Ross Stores ended second-quarter fiscal 2024 with cash and cash equivalents of $4.7 billion, long-term debt of $1.5 billion, and total shareholders&#39; equity of $5.1 billion.
During the second quarter, the company repurchased 1.8 million shares for $262 million under its two-year $2.1 billion authorization. The company is on track to buy back a total of $1.05 billion in fiscal 2024. As of Aug 3, Ross Stores operated a total of 2,148 stores.
<h2>What ROST Says About FY2024?</h2>
Management highlighted that the company&#39;s core customer base, which typically comprises low-to-moderate-income shoppers, continues to grapple with persistently high costs for necessities. This pressure limits their discretionary spending.
For both the third and fourth quarters of 2024, Ross Stores expects comparable sales growth between 2% and 3%, building on gains of 5% and 7% achieved in the respective periods of 2023. The company foresees third-quarter EPS to be between $1.35 and $1.41, up from $1.33 last year, and fourth-quarter EPS to range from $1.60 to $1.67 compared to $1.82 in 2023.
Based on Ross Stores&#39; performance in the first half of fiscal 2024 and its outlook for the second half, the company now anticipates EPS for the 52 weeks ending Feb 1, 2025, to range from $6.00 to $6.13, suggesting an increase from $5.56 last year.
Consequently, this Zacks Rank #3 (Hold) company&#39;s shares have risen 9.5% in the past year compared with the industry&#39;s 8.1% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c1/75259.jpg?v=850135315" />
Image Source: Zacks Investment Research
<h2>Key Picks</h2>
We have highlighted three other top-ranked stocks, namely, Sprouts Farmers (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfm#NASDAQ">SFM</a>), Abercrombie &amp; Fitch Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>) and Deckers Outdoor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/deck#NYSE">DECK</a>).
Sprouts Farmers, which is engaged in the retailing of fresh, natural and organic food products, currently sports a Zacks Rank #1 (Strong Buy). SFM has a trailing four-quarter earnings surprise of 12%, on average.
The Zacks Consensus Estimate for Sprouts Farmers&#39; current financial-year sales and earnings implies growth of around 9.6% and 18.7%, respectively, from the year-ago reported numbers.
Abercrombie &amp; Fitch, a specialty retailer of premium, high-quality casual apparel, currently sports a Zacks Rank #2 (Buy). ANF has a trailing four-quarter average earnings surprise of 210.3%.
The Zacks Consensus Estimate for Abercrombie &amp; Fitch&#39;s current fiscal-year sales and earnings indicates growth of 11.5% and 52.6%, respectively, from the year-ago figures.
Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. It currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Deckers&#39; current financial-year sales and earnings indicates growth of 11.5% and 8.3%, respectively, from the year-ago reported numbers. DECK has a trailing four-quarter earnings surprise of 47.2%, on average.
<a href="https://www.zacks.com/stock/news/2326573/ross-stores-rost-q2-earnings-beat-comparable-sales-rise-4?cid=CS-BENZ-FT-analyst_blog|earnings_article-2326573">To read this article on Zacks.com click here.</a>

Management

ROST

Ross Stores Q2 Earnings Beat, Comparable Sales Rise 4%

Piper Sandler analyst Anna Andreeva assumes Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) with a Neutral rating and announces Price Target of $1000.

Initiation

Piper Sandler Assumes Deckers Outdoor at Neutral, Announces Price Target of $1000

In a surprising turn of events, U.S. retail sales rebounded in July, indicating robust consumer spending despite ongoing economic challenges. According to the latest report from the Commerce Department, retail sales rose 1% last month to $709.7 billion, better than market expectations. This surge follows a revised 0.2% decline in June.
Americans opened their wallets for big-ticket items such as vehicles and electronics. This unexpected jump in consumer activity has provided a much-needed boost to overall economic growth, dispelling fears of a looming downturn. The boost in retail sales reflects the resilience of the U.S. economy, even as higher interest rates pose challenges.
The strong retail performance comes as the Federal Reserve continues its efforts to manage inflation, which remains above the central bank&#39;s 2% target. While elevated borrowing costs have slowed areas like housing and manufacturing, the broader economy has shown an impressive ability to adapt and thrive.
Market pundits are reassessing their expectations for future Federal Reserve actions. The robust retail sales figures have cooled speculation about a significant rate cut in the near term, with many now anticipating a more measured approach from the central bank. As the United States heads into the election season, the health of the economy is likely to dominate discussions.
<h3>Breaking Down the Sales Number</h3>
Motor vehicle &amp; parts dealers experienced a notable increase of 3.6% in sales on a month-on-month basis. Furniture &amp; home furnishing stores led with a 0.5% increase in sales, while electronics and appliance stores experienced a 1.6% rise.
Building material &amp; supplies dealers and food &amp; beverage stores both registered a 0.9% jump. Health &amp; personal care stores reported a 0.8% rise, and non-store retailers, predominantly online, showed a 0.2% increase. Gasoline stations saw marginal growth of 0.1%. General merchandise stores and food services &amp; drinking places saw a modest uptick of 0.5% and 0.3% in sales, respectively.
Conversely, sales at clothing &amp; accessories stores saw a decline of 0.1%, while at miscellaneous stores, the decline was more pronounced at 2.5%. Sales at sporting goods, hobbies, musical instruments &amp; bookstores also decreased by 0.7%.
<h3>Past-Year Price Performance</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/9e/74582.jpg?v=507134257" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
<h3>4 Prominent Picks</h3>
Sprouts Farmers Market, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfm#NASDAQ">SFM</a>), which operates in a highly fragmented grocery store industry, is a potential pick. The company has adopted a multifaceted approach to expand its customer base and cater to evolving consumer preferences. Through product innovation, targeted marketing and competitive pricing, Sprouts Farmers ensures that its offerings resonate with its diverse customer base. The company&#39;s dedication to natural and organic products has been a key strategy, recognizing the surging demand for healthier options and expanding its presence in this segment.
The Zacks Consensus Estimate for Sprouts Farmers&#39; current financial-year sales and EPS suggests growth of 9.6% and 18.7%, respectively, from the year-ago reported figure. SFM, which sports a Zacks Rank #1 (Strong Buy), has a trailing four-quarter earnings surprise of 12%, on average.
Chewy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chwy#NYSE">CHWY</a>), a formidable player in the online pet retail market, is worth considering. Chewy is driving its growth through several strategic initiatives. The Chewy Plus membership program, currently in beta, is set to enhance customer loyalty by offering benefits such as free shipping, cash rewards and exclusive perks. This program aims to boost sales by increasing customer engagement and wallet share. Additionally, Chewy is expanding its presence in the veterinary services market. Furthermore, Chewy&#39;s international expansion efforts, particularly in Canada, are progressing as planned.
The Zacks Consensus Estimate for Chewy&#39;s current fiscal sales and EPS suggests growth of 5.5% and 39.1%, respectively, from the year-ago reported figure. This Zacks Rank #1 company has a trailing four-quarter earnings surprise of 57.7%, on average.
Investors can count on Deckers Outdoor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/deck#NYSE">DECK</a>). The company has shown robust growth through its strategic focus on expanding its brand presence and strengthening direct-to-consumer channels. This approach, along with a commitment to innovation in product development and a keen focus on international market expansion, has positioned the company for continued success. Deckers&#39; commitment to elevating renowned brands like UGG and HOKA into global lifestyle icons enhances brand equity and market reach.
The Zacks Consensus Estimate for Deckers&#39; current financial-year sales and earnings suggests growth of 11.5% and 8.3%, respectively, from the year-ago reported numbers. This Zacks Rank #2 (Buy) company has a trailing four-quarter earnings surprise of 47.2%, on average.
Abercrombie &amp; Fitch Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>) is worth betting on. By integrating digital and physical retail experiences, Abercrombie &amp; Fitch offers a seamless shopping experience, driving higher customer satisfaction and loyalty. Moreover, strategic marketing initiatives, particularly targeted campaigns in key markets, have been highly effective in boosting brand visibility and customer acquisition. The introduction of innovative product lines meets specific customer needs and broadens the brand&#39;s appeal. Abercrombie &amp; Fitch&#39;s regional operating model, with a focus on the Americas, the EMEA and the APAC, provides a solid foundation for global expansion.
This leading, global, omnichannel specialty retailer of apparel and accessories for men, women and kids delivered a trailing four-quarter earnings surprise of 210.3%, on average. The Zacks Consensus Estimate for Abercrombie &amp; Fitch&#39;s current financial-year sales and earnings suggests growth of 11.5% and 51.1% from the year-ago period. The stock carries a Zacks Rank #2.
<a href="https://www.zacks.com/stock/news/2323608/4-retail-stocks-to-invest-in-as-us-sales-rebound-in-july?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2323608">To read this article on Zacks.com click here.</a>

Offerings

CHWY

4 Retail Stocks to Invest in as US Sales Rebound in July

In a report released today, Adrienne Yih from Barclays maintained a Buy rating on Deckers Outdoor (DECK – Research Report), with a price target of ...

Deckers Outdoor (DECK) Gets a Buy from Barclays

Wells Fargo analyst Ike Boruchow maintained a Hold rating on Deckers Outdoor (DECK – Research Report) today and set a price target of $165.00. The ...

Wells Fargo Keeps Their Hold Rating on Deckers Outdoor (DECK)

Goldman rebalances low labor cost basket amid cooling labor market

Truist Financial analyst Joseph Civello maintained a Buy rating on Deckers Outdoor (DECK – Research Report) yesterday and set a price target of $20...

Deckers Outdoor (DECK) Receives a Buy from Truist Financial

BTIG analyst Janine Stichter maintained a Buy rating on Deckers Outdoor (DECK – Research Report) yesterday and set a price target of $200.00. The c...

Deckers Outdoor (DECK) Gets a Buy from BTIG

Taking strides towards H2: What to watch in softlines and internet retail

Nike earnings: The biggest takeaways and the stocks falling along with the Swoosh

Nike: A Turnaround Won't Happen Overnight, It's A Show-Me Story

Piper Sandler analyst Anna Andreeva maintained a Hold rating on Deckers Outdoor (DECK – Research Report) today and set a price target of $166.00. T...

Comments

Deckers Outdoor

Notizie

Ultime notizie per Deckers Outdoor (NYSE:DECK) Azioni

Le persone guardano anche

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO