From Nasdaq: 2025-02-21 06:30:00

Deckers Outdoor (DECK), a Zacks Rank #1 (Strong Buy), is a footwear and apparel company known for premium brands. Despite a recent stock decline, the company remains valued at $23 billion and employs nearly 5,000 people. Deckers operates globally and offers a diverse portfolio of brands catering to different consumer segments.

Deckers reported strong Q3 earnings, beating EPS estimates by 15% and raising full-year guidance. UGG and HOKA brands performed well, driving revenue growth. Despite concerns about revenue guidance, margin pressures, and inventory levels, analysts are optimistic about Deckers’ long-term growth potential. The recent stock pullback could present a buying opportunity.

Analysts have adjusted earnings estimates for Deckers, with short-term estimates decreasing but longer-term estimates increasing. While the stock has experienced a significant drop recently, it has returned to a price range that could act as strong long-term support. Investors may find the current dip an attractive entry point for a high-quality, growth-focused company in the footwear industry.



Read more at Nasdaq: Bull of the Day: Deckers Outdoor (DECK)