Workflow
Deckers (DECK) Stock Climbs on Strong Jobs Report and End of Dock Strike
DECKDeckers(DECK) Gurufocus·2024-10-04 20:50

Group 1: Market Performance - Shares of Deckers rose by 6.39% to 166.81,partofabroaderincreaseinfootwearstocksduetofavorablemacroeconomicnews[1]Thejobmarketadded254,000jobs,withtheunemploymentratedroppingfrom4.2166.81, part of a broader increase in footwear stocks due to favorable macroeconomic news [1] - The job market added 254,000 jobs, with the unemployment rate dropping from 4.2% to 4.1%, and a 4% wage increase, indicating robust economic conditions [2] Group 2: Company Performance - Deckers reported a 22% increase in revenue to 825.3 million in the second quarter, with Hoka's revenue climbing 30% to 545.2million[3]Deckershasamarketcapitalizationof545.2 million [3] - Deckers has a market capitalization of 25.43 billion and a P/E ratio of 31.88, with a Piotroski F-Score of 8 indicating strong financial strength [4] Group 3: Financial Metrics - The operating margin for Deckers is currently at 22.3%, reflecting profitability, supported by a robust Altman Z-score of 15.45, suggesting financial stability [4] - Year-to-date, Deckers has seen a 49.73% increase and a 95.55% rise over the past 52 weeks, although it is deemed "Significantly Overvalued" based on its GF Value of $107.29 [5]