Stifel Nicolaus Gives ‘Buy’ Rating to Deckers Outdoor Corporation

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Deckers Outdoor ($NYSE:DECK) Corporation is a US-based company that designs, markets, and distributes footwear, apparel, and accessories under its brands UGG, Teva, Ahnu, and Hoka One One. Recently, Stifel Nicolaus has given Deckers Outdoor a “Buy” rating. This means that the rating agency believes that Deckers Outdoor is an attractive investment opportunity and recommends that investors purchase its stock. Stifel Nicolaus’s “Buy” rating of Deckers Outdoor is supported by the company’s strong financials. Deckers Outdoor has posted higher revenues and profits for the past few quarters and has a strong balance sheet.

Additionally, it has made a number of strategic investments in areas such as e-commerce, digital marketing, and product development that will help position it for long-term success. Given all this, Stifel Nicolaus believes that Deckers Outdoor is an attractive investment opportunity for investors.

Share Price

The stock opened at $492.7 and closed at $492.4, representing a decrease of 0.7% from the previous closing price of 496.1. Despite the decrease in stock price, Stifel Nicolaus remains confident in Deckers Outdoor‘s long-term prospects and potential to perform well in the market. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Deckers Outdoor. More…

Key Ratios Snapshot

Some of the financial key ratios for Deckers Outdoor are shown below. More…

Analysis

GoodWhale has conducted an analysis of DECKERS OUTDOOR‘s wellbeing and found that they are classified as a ‘gorilla’ company. This means that DECKERS OUTDOOR is characterized by stable and high revenue or earning growth due to its strong competitive advantage. This type of company is an attractive proposition for value investors, who are seeking to invest in a long-term, steady business that can provide returns in the years to come. Furthermore, DECKERS OUTDOOR has a high health score of 10/10, indicating that they are in a strong financial position, with healthy cashflows and low debt. This means that they are in a good position to weather any economic storms without the risk of bankruptcy. Additionally, DECKERS OUTDOOR is strong in assets, growth and profitability, and although they are weak in dividend, this is likely to be attractive to certain investors due to the potential for capital appreciation. More…

Peers

Deckers Outdoor Corp, together with its subsidiaries, engages in the design, manufacture, and marketing of footwear, apparel, and accessories for casual lifestyle use and high performance activities. Its principal brands include UGG, Koolaburra, HOKA ONE ONE, and Teva. The company sells its products to retailers in the United States and 180 countries through its direct-to-consumer channels and third-party distributors. As of December 31, 2018, it operated 310 UGG stores, including full-price, factory, and outlet stores; and e-commerce Websites. The company was founded in 1973 and is headquartered in Goleta, California. Puma SE, together with its subsidiaries, designs, develops, markets, and distributes athletic and casual footwear, apparel, and accessories. The company operates through two segments, Wholesale and Retail. It offers performance and sport-inspired lifestyle products in categories, such as football, running, training, golf, and motorsports. The company sells its products to shoe stores, sporting goods stores, department stores, golf pro shops, tennis specialty stores, mass market retailers, and its own Internet Websites and direct-to-consumer stores. As of December 31, 2018, it operated 1,478 company-owned stores. Puma SE was founded in 1948 and is headquartered in Herzogenaurach, Germany. Vera Bradley, Inc. designs, manufactures, markets, and retails functional accessories for women under the Vera Bradley brand name. The company offers a range of products, including handbags and totes, wallets and wristlets, travel and leisure items, stationery and gifts, eyewear and sunglasses, shoes, baby items, fragrance collections, and home products. It offers its products through its Vera Bradley retail stores; direct-to-consumer channels comprising Vera Bradley direct Website; company-owned outlet stores; company-owned factory outlet stores; independent specialty retailers; national chains; college bookstores; and other retailers. Vera Bradley, Inc. was founded in 1982 and is headquartered in Roanoke, Indiana. Steven Madden, Ltd. designs, sources, markets, licenses, and sells fashion footwear and accessories for women, men, and children worldwide. The company operates through three segments: Wholesale Footwear, Retail, and Licensing. It designs and sources footwear for women under the Steve Madden Women’s Wholesale Footwear, Madden Girl Wholesale Footwear, Freebird by Steven Wholesale Footwear, Betsey Johnson Wholesale Footwear, Dolce Vita Wholesale Footwear, Mad Love Wholesale Footwear, Steven by Steve Madden Wholesale Footwear, Superga Wholesale Footwear, Report Signature Wholesale Footwear, Maurice Mallet Wholesale Footwear, Greyson Wholesale Footwear, BB Dakota Wholesale Footwear, Blondo Wholesale Footwear, Big Star Vintage Wholesale Footwear, Wild Diva Lounge Wholesale Footwear, Bamboo Wholesale Footwear, Betseyville Wholesale Footwear, DVDO by Steve Madden Wholesale Footwear, Cejon Wholesale Footwear, Steve Madden Men’s Wholesale Footwear, De Blossom Collection Wholesale Footwear, Steven by Steve Madden Kids’ Wholesale Footwear, Brian Atwood Wholesale Footwear, Blondo Kids’ Wholesale Footwear, and Betsey Johnson Kids’ Wholesale Footwear brands.

– Puma SE ($OTCPK:PUMSY)

Puma SE, formerly known as Puma AG Rudolf Dassler Sport, is a German multinational corporation that designs and manufactures athletic and casual footwear, apparel and accessories, headquartered in Herzogenaurach, Bavaria. As of 2022, Puma SE has a market cap of 6.88B and a Return on Equity of 16.63%. The company operates in more than 120 countries and employs over 13,000 people worldwide. Puma is the third largest sportswear manufacturer in the world. The company was founded in 1948 by Rudolf Dassler.

– Vera Bradley Inc ($NASDAQ:VRA)

Vera Bradley Inc is a designer and marketer of accessories for women. The company operates through three segments: Direct, Indirect, and Other. The Direct segment offers products through the company’s owned retail stores and website. The Indirect segment provides products to department stores, specialty retailers, and national chains. The Other segment includes licensing and corporate-owned outlets. Vera Bradley Inc was founded in 1982 and is headquartered in Roanoke, Indiana.

– Steven Madden Ltd ($NASDAQ:SHOO)

Steven Madden, Ltd. is a leading designer, marketer and distributor of fashion footwear and accessories for women, men and children. The Company’s wholesale business is engaged in the design, sourcing and marketing of footwear for young women, men and children. The Company’s retail business is engaged in the operation of specialty retail stores and e-commerce Websites, as well as the sale of its products to department store and other retailers. The Company’s products are marketed under a variety of brands, including Steve Madden, Freebird by Steven, Steven by Steve Madden, Grace, Betsey Johnson, Brian Atwood, Blondo, David Tate, Dolce Vita, DV by Dolce Vita, ENZO ANGIOLINI, Mad Love, L.A.M.B., Big Buddha, Report, Wild Diva, CeCe, Betseyville by Betsey Johnson and Superga.

Summary

Stifel Nicolaus recently issued a “Buy” rating on Deckers Outdoor Corporation. The analysis indicated that the company is a strong investment choice due to its long-term potential, increased consumer demand, and enhanced financial position. The analysts believe that Deckers has attractive financial metrics, including high profit margins and low debt levels.

Additionally, they expect the company to benefit from an expanded product lineup and new distribution channels. Furthermore, the management team is viewed as experienced and receptive to changes in the competitive landscape. The stock is anticipated to generate returns for shareholders over the long run.