📉 Deckers Outdoor Earnings Review: The Post-Earnings Rally Will Be Short Lived

Investing

I last covered Deckers Outdoor Corporation (NYSE:DECK) on June 6th, where I believed that the stock was overvalued with excessive investor optimism baked into its valuation, making it prone to a sharp pullback, especially as revenue growth rates slow from their prior levels. I did emphasize, however, that the company had been operating resiliently, as it saw its HOKA and UGG brands continuing to outperform as it leveraged a robust product portfolio. It is also making compelling marketing efforts to acquire and retain customers both in its domestic and international markets. Since then, the stock has declined close to 18%, underperforming the S&P 500 (SP500) and Nasdaq 100 (NDX).

seekingalpha.com     Jul 26, 2024