Strength Seen in Deckers Outdoor Corp. (DECK): Stock Rises 5.5%
Deckers Outdoor Corp. (DECK) was a big mover last session, as the company saw its shares rise roughly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock has risen about 25% in the past one-month time frame.
This shoes and apparel retailer has seen 7 positive revisions over the past 30 days, while its Zacks Consensus Estimate moved higher over the same time period, suggesting that more solid trading could be ahead for Deckers. So make sure to keep an eye on this stock going forward to see if yesterday’s gain can turn into more strength down the road.
Deckers Outdoor Corp currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Other well-placed stocks in the same industry include Iconix Brand Group, Inc. (ICON), Nike, Inc. (NKE) and ANTA Sports Products Limited (ANPDF). All these stocks hold the same Zacks Rank as Deckers.
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