Deckers Outdoor stock hits all-time high above $1,000 due to record sales and profits.

From The Motley Fool.: 2024-05-24 12:27:29

Deckers Outdoor stock is soaring, hitting $1,000 per share after record-breaking sales and profits. The company’s net sales grew by 21% year over year to nearly $1 billion in the fourth quarter of fiscal 2024. With a projected 10% sales increase for fiscal 2025, Deckers’ growth story is far from over.

The company’s gross margin improved to almost 56% in fiscal 2024, resulting in over $900 million in operating income. Despite its $26 billion market cap trading at 28 times operating income, Deckers stock is considered fairly valued. Investors are advised to continue confidently holding shares due to ongoing positive trends in the business.



Read more at The Motley Fool.: Why Deckers Outdoor Stock Hit a New All-Time High Today Above $1,000 Per Share