Based in Goleta, California, Deckers Outdoor Corporation (DECK) is a major player in the apparel and footwear industry, specializing in niche footwear and accessories, valued at a market cap of $32 billion.
Companies worth $10 billion or more are generally described as "large-cap stocks," and Deckers Outdoor fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the footwear & accessories industry.
Deckers capitalizes on the strength of its brands, particularly UGG and HOKA, to drive substantial sales growth. Moreover, the company's growing direct-to-consumer business not only enhances profit margins but also strengthens customer engagement, offering valuable data to inform product development and marketing strategies.
The stock currently hovers around its 52-week high of $213.03, which it touched on Dec. 16. DECK stock has surged 28.1% over the past three months, outperforming the broader Nasdaq Composite ($NASX), which has surged 10.4% over the same time frame.
Moreover, DECK's prospects shine brighter over the long term. Shares of the footwear designer have surged 80.9% on a YTD basis and jumped a whopping 71.1% over the past 52 weeks, outperforming NASX’s 29.2% rise on a YTD basis and 30.1% gain over the past year.
DECK has been trading above its 50-day and 200-day moving averages since late October, indicating a bullish trend.
Shares of Deckers surged more than 10% in the following trading session after the company’s fiscal 2025 Q2 earnings results, released on Oct. 24, significantly exceeded Wall Street’s top and bottom-line estimates. Net sales rose 20.1% year-over-year to $1.3 billion, while EPS grew 39.5% annually, reaching $1.59.
Deckers Outdoor’s top competitor, NIKE, Inc. (NKE), has significantly underperformed DECK over the past year. Shares of NIKE plunged 29.2% in 2024 and dropped 36.5% over the past year, sharply contrasting DECK's robust double-digit returns over the same time frame.
Analysts remain moderately bullish about DECK’s prospects. The stock has a consensus “Moderate Buy” rating from the 20 analysts covering it, and it currently trades above its mean target of $199.53.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. More news from BarchartThe views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
