Alert: Positive Investment/Fundamental Signals (11/6/23)-Deckers Outdoor Corp (NYSE: DECK)


Recent extremely meaningful positive changes in investment behavior have benefitted Deckers Outdoor Corp (NYSE: DECK): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Deckers Outdoor Corp (NYSE: DECK) has recently enjoyed meaningful positive changes in fundamentals: the consensus estimate for March, 2024 increased significantly, and the consensus estimate for March, 2023 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

DECK’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Deckers Outdoor has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Deckers Outdoor has a slightly negative Appreciation Score of 32 but a very high Power Rating of 95, leading to the Positive Value Trend Rating.

Recent Price Action

Deckers Outdoor Corp (NYSE: DECK) stock closed at $612.89 on 11/6/23 after a large increase of 2.6%. The stock has risen 6.3% during the last week and has been exceptionally strong relative to the market over the last nine months.

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