Deckers' Gloomy Outlook Overshadows Solid Results
Deckers Outdoor (NYSE: DECK) has had to deal with terrible conditions in the retail industry lately, and many investors have grown impatient with the company's efforts to turn itself around. Activist institutional investors have looked at Deckers as a potential candidate for a sale, but so far, that pressure hasn't resulted in any major change to the shoemaker's overall strategy for growth.
Coming into Thursday's fiscal first-quarter financial report, Deckers investors were prepared for a seasonally typical net loss and relatively sedate sales gains. What they got was a narrower loss than expected and a huge boost in revenue, but the company fully expects that it will pay the price with weaker results in the current quarter, and that dampened the mood among shareholders. Let's take a closer look at Deckers and whether it can pull itself out of a difficult situation.
Source: Fool.com
Deckers Outdoor Stock
The stock is an absolute favorite of our community with 47 Buy predictions and no Sell predictions.
With a target price of 953 € there is a slightly positive potential of 9.87% for Deckers Outdoor compared to the current price of 867.4 €.