Deckers Outdoor (DECK) has crushed the S&P 500 (SPX) for a long time, logging a 588% gain over the past five years (versus 90% for the SPX in the same time frame). The footwear company is also up by 42% year-to-date and looks poised to go on a solid run. The company’s fast growth compared to competitors (implying rising market share) and strong financials make it a stock that can continue to outperform. Plus, it can receive extra momentum from an upcoming stock split. Thus, I am bullish on DECK stock.
Deckers Outdoor Is Speeding Up
Deckers Outdoor reported promising earnings to start Fiscal 2025. Revenue increased by 22% year-over-year to reach $825.3 million, while net income jumped by 82% year-over-year. Good earnings reports like that one are bound to draw attention, and a 30x P/E ratio makes the stock look reasonable, especially with rising profit margins.
HOKA, which sells running shoes and athletic apparel,…
