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DECK-DECKERS OUTDOOR CORP

Deckers Outdoor Positioned as Strong Buy Amid Positive Market Sentiment and Impressive Earnings Performance

Sunday

17 November, 2024

Deckers Outdoor is making waves with a remarkable 39% increase in earnings per share and a breakout past a key buy point, positioning it as a strong contender for growth. With the holiday season approaching, can this resilience withstand the unpredictable retail landscape?

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Key Takeaways
  • Deckers Outdoor has recently surpassed a critical buy point, indicating potential for further growth.
  • The company achieved a notable 39% EPS increase and 20% revenue growth, surpassing market forecasts.
  • Analysts anticipate a 14% year-over-year growth in both earnings and revenue, showcasing financial strength.
  • Telsey Advisory Group highlights Deckers as a top choice for the upcoming holiday season, reflecting positive outlook.
  • Rising mutual fund ownership signals increasing institutional interest, enhancing Deckers' appeal for growth-focused investors.
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