Deckers Outdoor stock saw an improvement in its IBD SmartSelect Composite Rating Friday, from 94 to 96.
The upgrade means the stock is now outperforming 96% of all other stocks in terms of key performance metrics and technical strength.
Deckers Outdoor stock is etching the rights side of a deep base and is not currently near a proper entry. Look for the stock to form and break out of a new base.
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Deckers Outdoor stock earns a 94 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 94% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
In Q1, the apparel-shoes maker posted -3% earnings growth. Top line growth fell to 22%, down from 31% in the prior quarter.
Deckers Outdoor stock holds the No. 1 rank among its peers in the Apparel-Shoes & Related industry group. Crocs and Weyco are also among the group's highest-rated stocks.
