Stock in Focus: Deckers Outdoor Corporation (DECK)

Company Profile:

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name. The company also provides running footwear and apparel under the Hoka brand name; and fashion casual footwear using sheepskin and other plush materials under the Koolaburra brand. It sells its products through department stores, domestic independent action sports and outdoor specialty footwear retailers, and larger national retail chains, as well as online retailers such as Amazon and Zappos.com. As of March 31, 2018, it had 165 retail stores, including 98 concept stores and 67 outlet stores worldwide. The company was founded in 1973 and is headquartered in Goleta, California.

Recent News:

For the first fiscal quarter ended June 30, 2018, the company reported net sales increased 19.5% to $250.6 million compared to $209.7 million for the same period last year.

During the first quarter, the Company repurchased approximately 86 thousand shares of its common stock for a total of $10 million. As of June 30, 2018, the Company had $241 million remaining under its $400 million in stock repurchase authorizations.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

DECK’s strengths can be seen in its strong growth, better profitability and better efficiency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, RSI is strong in the bullish zone and MACD is trying to cross back up. We rate Deckers Outdoor Corporation (DECK) a STRONG BUY.

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