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Zacks Investment Ideas feature highlights: Deckers Outdoor, United Airlines and Tapestry
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For Immediate Release
Chicago, IL – January 15, 2025 – Today, Zacks Investment Ideas feature highlights Deckers Outdoor (DECK - Free Report) , United Airlines (UAL - Free Report) and Tapestry (TPR - Free Report) .
These 3 Buy-Rated Stocks Are Scraping All-Time Highs
Stocks making new highs tend to make even higher highs, particularly when a company’s outlook remains positive.
And recently, several stocks, including Deckers Outdoor, United Airlines and Tapestry, have displayed bullish momentum, with shares of each hovering at all-time highs.
All three sport a favorable Zacks Rank, reflecting optimism among analysts. Should investors tap into the momentum? Let’s take a closer look at how each stacks up.
Deckers Sees Continued Brand Momentum
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. The stock sports a Zacks Rank #2 (Buy), with EPS expectations creeping higher nearly across the board over recent months.
Solid quarterly releases have been driving the positive outlook, with the company exceeding the Zacks Consensus EPS estimate by an average of 40% across its last four releases. Concerning headline figures, EPS shot 40% higher year-over-year alongside 20% growth in sales, with DECK also upping its FY25 sales outlook following the release.
HOKA and UGG brand momentum remains strong, with the company experiencing strong consumer demand yet again. Deckers Outdoor also saw margin expansion throughout the period, continuing an established trend from recent periods.
UAL Shares Double in Value
United Airlines’ strong price action has also been aided by quarterly releases, with shares soaring following the release of its latest print. The company’s next quarterly release is expected soon on January 21st, with current consensus expectations suggesting 49% EPS growth on 5% higher sales.
The outlook for the quarter to be reported remains positive, with the $2.98 per share expected up modestly over the last several months. Top line revisions have also remained constructive, with the $14.4 billion expected up marginally over the same time period.
Year-over-year capacity growth of 4.1% was a nice highlight from the latest print, with the company also authorizing a fresh $1.5 billion share repurchase program. The buyback announcement is a big deal for shareholders, given that it’s the first since suspending its buyback program in 2020.
Upon stretching out the time frame, we can see that shares have more than doubled over the last six months, outperforming the general market handily.
Tapestry Acquires More Than a Million Customers
Tapestry, formerly Coach, is a designer and marketer of fine accessories and gifts for women and men. A few of its recognizable brands include Coach, Kate Spade, and Stuart Weitzman. The luxury retailer’s EPS outlook has brightened nicely across the board in recent months, landing it into the coveted Zacks Rank #1 (Strong Buy).
Strong results from its Coach brand helped it exceed prior revenue and earnings forecasts set by the company, also raising its full-year outlook. Margin expansion and strong cash generation aided the results nicely, also acquiring an impressive 1.4 million new customers in North America throughout the period.
Like DECK, the margins picture here has continued to be highly positive, as shown below. Tapestry’s gross margin reached 75.3% throughout its latest period, a big improvement from the 72.5% print in the year-ago period.
Bottom Line
Though pockets of the market got a bit sluggish to round out 2024, all three stocks above continued to charge higher on the back of strong EPS outlooks stemming from quarterly results.
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Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks Investment Ideas feature highlights: Deckers Outdoor, United Airlines and Tapestry
For Immediate Release
Chicago, IL – January 15, 2025 – Today, Zacks Investment Ideas feature highlights Deckers Outdoor (DECK - Free Report) , United Airlines (UAL - Free Report) and Tapestry (TPR - Free Report) .
These 3 Buy-Rated Stocks Are Scraping All-Time Highs
Stocks making new highs tend to make even higher highs, particularly when a company’s outlook remains positive.
And recently, several stocks, including Deckers Outdoor, United Airlines and Tapestry, have displayed bullish momentum, with shares of each hovering at all-time highs.
All three sport a favorable Zacks Rank, reflecting optimism among analysts. Should investors tap into the momentum? Let’s take a closer look at how each stacks up.
Deckers Sees Continued Brand Momentum
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. The stock sports a Zacks Rank #2 (Buy), with EPS expectations creeping higher nearly across the board over recent months.
Solid quarterly releases have been driving the positive outlook, with the company exceeding the Zacks Consensus EPS estimate by an average of 40% across its last four releases. Concerning headline figures, EPS shot 40% higher year-over-year alongside 20% growth in sales, with DECK also upping its FY25 sales outlook following the release.
HOKA and UGG brand momentum remains strong, with the company experiencing strong consumer demand yet again. Deckers Outdoor also saw margin expansion throughout the period, continuing an established trend from recent periods.
UAL Shares Double in Value
United Airlines’ strong price action has also been aided by quarterly releases, with shares soaring following the release of its latest print. The company’s next quarterly release is expected soon on January 21st, with current consensus expectations suggesting 49% EPS growth on 5% higher sales.
The outlook for the quarter to be reported remains positive, with the $2.98 per share expected up modestly over the last several months. Top line revisions have also remained constructive, with the $14.4 billion expected up marginally over the same time period.
Year-over-year capacity growth of 4.1% was a nice highlight from the latest print, with the company also authorizing a fresh $1.5 billion share repurchase program. The buyback announcement is a big deal for shareholders, given that it’s the first since suspending its buyback program in 2020.
Upon stretching out the time frame, we can see that shares have more than doubled over the last six months, outperforming the general market handily.
Tapestry Acquires More Than a Million Customers
Tapestry, formerly Coach, is a designer and marketer of fine accessories and gifts for women and men. A few of its recognizable brands include Coach, Kate Spade, and Stuart Weitzman. The luxury retailer’s EPS outlook has brightened nicely across the board in recent months, landing it into the coveted Zacks Rank #1 (Strong Buy).
Strong results from its Coach brand helped it exceed prior revenue and earnings forecasts set by the company, also raising its full-year outlook. Margin expansion and strong cash generation aided the results nicely, also acquiring an impressive 1.4 million new customers in North America throughout the period.
Like DECK, the margins picture here has continued to be highly positive, as shown below. Tapestry’s gross margin reached 75.3% throughout its latest period, a big improvement from the 72.5% print in the year-ago period.
Bottom Line
Though pockets of the market got a bit sluggish to round out 2024, all three stocks above continued to charge higher on the back of strong EPS outlooks stemming from quarterly results.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
See Stocks Free >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.