Alert: Rating Upgrade (11/17/23)-Deckers Outdoor Corp (NYSE: DECK).


Stock Rating Upgrade

Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Deckers Outdoor Corp (NYSE: DECK) improved recently. DECK’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.


Recent Price Action

On 11/17/23, Deckers Outdoor Corp (NYSE: DECK) stock rose modestly by 0.8%, closing at $620.51. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.4% during the last week.

Current PriceTarget Research Rating

DECK is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Deckers Outdoor has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Deckers Outdoor has a slightly negative Appreciation Score of 31 but a very high Power Rating of 94, resulting in the Positive Value Trend Rating.

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