Stock Rating Upgrade
In recent days the Value Trend Rating for Deckers Outdoor Corp (NYSE: DECK) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Deckers Outdoor Corp (NYSE: DECK) stock closed at $150.73 on 9/20/24 after a slight decline of -0.9%. Moreover, trading volume in this decline was exceptionally high at 218% of normal. Relative to the market the stock has been strong over the last nine months but has declined -83.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, DECK is expected to continue to be a major Value Builder.
Deckers Outdoor has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Deckers Outdoor has a neutral Appreciation Score of 51 but a good Power Rating of 79, and the Positive Value Trend Rating results.
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