Deckers Outdoor Corporation (NYSE:DECK) reported better-than-expected fourth-quarter financial results on Thursday.

Deckers Outdoor reported quarterly earnings of $4.95 per share which beat the analyst consensus estimate of $2.90 by 70.69%. Quarterly sales clocked in at $959.758 million, beating the analyst consensus estimate of $887.548 million by 8.14% and representing a 21.25% increase over sales of $791.571 million from the same period last year, according to data from Benzinga Pro.

The company said domestic net sales increased 19.4% to $647.7 and international net sales increased 25.2% to $312.0 million. Domestic net sales increased 19.4% to $647.7 million and international net sales increased 25.2% to $312.0 million.

"Deckers achieved record results during fiscal year 2024, as we delivered revenue growth of 18% and increased earnings per share by 51%, reflecting a continued dedication to maintain exceptional levels of profitability as our brands scale," said CEO Dave Powers.

Deckers Outdoor sees fiscal year 2025 earnings between $29.50 and $30.00 per share, versus the $30.29 estimate. The company expects net sales to increase 10% to $4.7 billion.

Deckers Outdoor shares rose 1.3% to close at $904.65 on Thursday.

These analysts made changes to their price targets on Deckers Outdoor after the company reported quarterly results.

• B of A Securities raised the price target on Deckers Outdoor from $860 to $1,020. B of A Securities analyst Christopher Nardone maintained a Neutral rating.
• Keybanc boosted Deckers Outdoor price target from $960 to $1,015. Keybanc analyst Ashley Owens maintained an Overweight rating.
• Telsey Advisory Group increased the price target on Deckers Outdoor from $985 to $1,100. Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating.

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