Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Deckers Outdoor Corp (NYSE: DECK) improved recently. DECK’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 11/17/23, Deckers Outdoor Corp (NYSE: DECK) stock rose modestly by 0.8%, closing at $620.51. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.4% during the last week.
Current PriceTarget Research Rating
DECK is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Deckers Outdoor has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Deckers Outdoor has a slightly negative Appreciation Score of 31 but a very high Power Rating of 94, resulting in the Positive Value Trend Rating.
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