Added to YB: 2026-09-21
Pitch date: 2026-09-17
DECK [neutral]
Deckers Outdoor Corporation
-1.96%
current return
Author Info
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Company Info
Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally.
Market Cap
$10.9B
Pitch Price
$80.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.57
P/E
11.24
EV/Sales
1.76
Sector
Textiles, Apparel and Luxury Goods
Category
value
Deckers Outdoor: Cheapness as the trap
DECK (pass): Deckers’ apparent cheapness — $9B enterprise value against $1.1B of free cash flow — may be a value trap as HOKA and UGG both slowed to single-digit growth in the latest quarter. Net cash and aggressive buybacks remain positives, but the thesis depends on mid-to-high-50s gross margins and 20%+ operating margins enduring despite fashion risk, premium pricing and no perceived durable moat; ordinary footwear margins could make current earnings power misleading.
Read full article (7 min)