Deckers Outdoor Corp (DECK) is trading 9% higher at $314.01 today.
Company stock is rising on an earnings beat as well as a price target raise.
"The company notched GAAP EPS of $1.66," CEO Dave Powers said. "Meanwhile, a 21.8% jump in revenue came in $46.14M above expectations."
Deckers Outdoor Corp has been trading between a 52-week high of $451.49 and a 52-week low of $212.93. The stock has a market cap of $8.33 Billion.
Deckers Outdoor Corporation, doing business as Deckers Brands, is a footwear designer and distributor based in Goleta, California, United States. It was founded in 1973 by University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker.