Is Deckers Stock a Buy After Its Beat-And-Raise Quarter?

Core Viewpoint - Deckers Outdoor (DECK) has reported strong fiscal second-quarter results, exceeding revenue and earnings expectations, and has raised its full-year profit forecast [1][3]. Financial Performance - For the three months ending September 30, Deckers' revenue rose by 20.1% year-over-year to $1.3 billion, with the Hoka brand experiencing a significant growth of 34.7$570.9 million [1]. - Earnings per share (EPS) increased by 39.5% from the previous year to $1.59, surpassing Wall Street's expectations of$1.24 per share [1]. - The company reported a 21% revenue growth in the first half of the fiscal year, driven by Hoka's 32% increase and UGG's 13% growth, along with a 28% rise in international sales [2]. Outlook - Deckers has raised its full-year revenue forecast to approximately $4.8 billion, reflecting an expected increase of about 12$5.15 and $5.25 [3]. - The CEO indicated that the brands are well-positioned for the holiday season and are on track to meet the increased outlook for the fiscal year [3]. Market Sentiment - Deckers' stock has appreciated by 53$187.97, suggesting an implied upside of about 10% from current levels, with a consensus recommendation of "Buy" [4]. - Truist Securities has a bullish outlook with a "Buy" rating and a price target of $205, citing strong product resonance and innovation pipelines as key growth drivers [4][5].