Deckers Posts Stronger Performance but Ends Sale Plans
A poor environment for retailers has hurt Deckers Outdoor (NYSE: DECK) recently. The situation had gotten so bad that activist investors wanted Deckers to put itself up for sale, and the shoemaker did indeed do a strategic review process to consider various moves it could make. After particularly gloomy guidance last quarter, many were nervous about the company's long-term prospects.
Coming into Thursday's fiscal second-quarter financial report, investors had braced themselves for large potential drops in sales and earnings. Instead, Deckers was able to keep revenue declines to a minimum and actually boosted its earnings. Let's look more closely to see how Deckers did and what's ahead for the company.
Image source: Deckers Outdoor.
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 €.
