Deckers Outdoor: Despite The Impressive Growth, It Is Still Too Expensive

Deckers Outdoor Corporation (NYSE:DECK), together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. We have started covering this company in May 2024, primarily due to the extraordinary popularity of its UGG and HOKA brands in the recent past. At that time, we have rated the company's stock as "Hold", due to the perceived limited upside potential, based on its fundamen ...