Deckers Outdoor Corporation Stock News

Subscribers to Schaeffer's Weekend Trader options recommendation service received this DECK commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters.

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Deckers Outdoor (DECK) is rated Strong Buy with a $117 price target, offering 23% upside and market outperformance potential. DECK trades at a 14x forward P/E, a 16% discount to peers, despite premium margins and 16 consecutive double-beat quarters. Blockbuster brands UGG and HOKA drive robust top and bottom-line growth, with gross margin at 56.2% and net margin at 19%.

Deckers Outdoor's stock price is down more than 50% this year. Weak consumer discretionary spending has weighed on the stock.

The market has had a good year, but the 12 worst stocks in the S&P 500 were down an average of 50% headed into Monday's trading.

The futures are trading lower for the fourth straight day as we start the week, following deep selling on Monday, especially in some of the big technology names, such as NVIDIA Corp.