Deckers Outdoor Corp
DECK: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|@T | LOCK|PSHw | LOCK|HSff@&lZ |
Deckers: Initiating Coverage With $115 Fair Value Estimate and a Narrow Moat Rating; Shares Pricey
We are initiating coverage on footwear firm Deckers with a narrow moat rating and a $115 per share fair value estimate. We regard its shares, up about 600% over the past five years, as overvalued. Our Morningstar Uncertainty Rating is High, and our Capital Allocation Rating is Exemplary.
