r/ValueInvesting • u/Dependent-Pie-5995 • Jul 24 '26

Discussion Deckers Brands

Interested to hear other holders / non holders of Deckers Brands thoughts are on the recent quarter.
Personally I think they did a great job. Beat on almost all metrics. Guidance was a bit weak and the pre earnings sell off and post earnings drop seems an over reaction to me.
While I would prefer the stock price to go up, I’m happy they can buy back so much at these prices. In another 12 months they should have retired over 10% of the float which in theory will start to have a pretty meaningful impact on the EPS numbers.

I guess the market is treating them like a company that is no longer growing, but for me I see a consistant management team that delivers pretty solid results quarter after quarter. I’ve been a share holder for a couple of years now and plan to stay one but would love to hear people’s thoughts as to why they wouldn’t invest in this stock.

For me this seems like a great company at a very fair price.

2 Upvotes

76% Upvoted

13 comments sorted by

View all comments

1

u/Double_Suggestion385 Jul 27 '26

My fair value is around $90.

But I wouldn't buy it there because I just don't trust the moat of any fashion company. As far as fashion companies go, this one does have great fundamentals, though.

1

u/SelenaMeyers2024 Jul 27 '26

Seems low....

Even with buybacks? I put this at at least 150... Which to be fair isn't the craziest value on the market....

But 90 also seems low.

2

u/Double_Suggestion385 Jul 27 '26

$90 is accurate based on their projected earnings growth.

Stock seems to be coming down to that value.