If only I cared about Q3 more than I cared about Q4 or store and product growth over the next 30 months. But yes, a nice Q3 is "priced in" and with a government shutdown on day 7 and potential debt ceiling shenanigans, Deckers COULD see a nice pullback to 60/high 50's....or the market could use the uncertainty and buy into this cheap company going into Q4.
How is this company cheap? It is trading at over 20x earnings. Personally, I think it is fully valued to over valued. According to an analyst at a large bank, whose target is $47, it is overvalued. I read through his report. The company is forecasting a sharp increase in sales in H2 compared to H1, but does not see catalyst for this increase. He has been negative on the stock for sometime now.