Apex Trader Funding - News
Deckers Stock Up 53% in the Past Year: How to Play Ahead?
Deckers Outdoor Corporation (NYSE: DECK) has experienced a remarkable jump in its stock price over the past year. The stock has rallied 53%, comfortably outpacing the Zacks Retail-Apparel and Shoes industry's modest rise of 11.7%. The company has shown robust growth through its strategic focus on expanding its brand presence and strengthening direct-to-consumer (DTC) channels.
This approach, along with its commitment to innovation in product development and a keen focus on international market expansion, has also helped it outperform the broader Retail-Wholesale sector and the S&P 500 index's respective growth of 9.2% and 18.6% in the same period.
Technical indicators are supportive of Deckers' strong performance. The stock is trading above both its 100-day and 200-day moving averages, indicating robust upward momentum and price stability. This technical strength reflects positive market perception and confidence in Deckers' financial health and prospects. The stock currently has a Value Score of A, further validating its appeal.
Image Source: Zacks Investment Research
Decoding the Tailwinds
Deckers has excelled by focusing on profitable markets, product innovation and store expansion, and enhancing e-commerce capabilities. The company has expanded brand assortments, introduced innovative products and optimized distribution channels, thereby boosting the popularity of UGG and HOKA brands and its international presence. DECK aims to make HOKA a multibillion-dollar player, establish UGG as a global lifestyle brand and strengthen its DTC business.
Deckers' DTC business and omnichannel expansion strategy have been strong, with DTC net sales increasing 24% in the first quarter of fiscal 2025. The company's alignment of product creation, marketing and distribution around consumer needs has driven significant growth. Strategic initiatives like new store openings and targeted market expansions are enhancing brand accessibility and consumer experiences.
Product innovation ...