Deckers Outdoor (DECK) is rated Strong Buy with a $117 price target, offering 23% upside and market outperformance potential. DECK trades at a 14x forward P/E, a 16% discount to peers, despite premium margins and 16 consecutive double-beat quarters. Blockbuster brands UGG and HOKA drive robust top and bottom-line growth, with gross margin at 56.2% and net margin at 19%.
Deckers Outdoor's stock price is down more than 50% this year. Weak consumer discretionary spending has weighed on the stock.
Deckers (DECK) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
| Textiles, Apparel & Luxury Goods Industry | Consumer Discretionary Sector | Stefano Caroti CEO | XMUN Exchange | US2435371073 ISIN |
| US Country | 4,800 Employees | - Last Dividend | 3 Aug 2010 Last Split | - IPO Date |
Deckers Outdoor Corporation, established in 1973 and based in Goleta, California, operates globally, designing, marketing, and distributing footwear, apparel, and accessories catered to casual lifestyle enthusiasts as well as high-performance athletes. The company's vast array of products is known for its premium quality and innovative design, aimed at offering comfort and performance. Deckers Outdoor Corporation engages in sales through various channels, including international retailers, distributors, and direct to consumers via e-commerce websites and retail stores, ensuring a broad market reach both domestically and internationally.