DECK - Deckers Outdoor: Impressive Growth But Upside Is Likely Limited
2024-05-26 23:25:37 ET
Summary
- Deckers Outdoor Corporation has shown exceptional stock performance, with a 130% increase in share price in the past year.
- The Company has reported impressive financial results, including record-breaking revenue and EPS in fiscal 2024.
- DECK appears to be trading at a significant premium compared to its own historic valuation and also to the consumer discretionary sector median, based on a set of traditional price multiples.
- For these reasons, we assign the company a neutral "hold" rating.
Deckers Outdoor Corporation ( DECK ), together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The most well-known brands that DECK owns are UGG and HOKA....
Deckers Outdoor: Impressive Growth, But Upside Is Likely Limited