Should You Sell Your Position in Deckers Outdoor (DECK)?

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Soumya Eswaran

Wed, Apr 2, 2025, 5:34 AM 3 min read

Renaissance Investment Management, an concern absorption company, released its Q4 2024 “Small Cap Growth Strategy” capitalist letter. A transcript of the missive tin beryllium downloaded here. The Russell 2000 Growth Index generated a instrumentality of 1.7% successful the 4th quarter, bringing the yearly returns to 15.2%. The portfolio generated affirmative returns successful the 4th fourth and outperformed the Index. The outperformance was driven by banal enactment successful Information Technology and underweight presumption and banal enactment successful Health Care, portion banal enactment successful Communication Services and Consumer Discretionary detracted. For much accusation connected the fund’s champion picks successful 2024, delight cheque its apical 5 holdings.

In its 4th fourth 2024 capitalist letter, Renaissance Investment Management Small Cap Growth Strategy emphasized stocks specified arsenic Deckers Outdoor Corporation (NYSE:DECK). Deckers Outdoor Corporation (NYSE:DECK) is simply a footwear, apparel, and accessories institution for mundane casual manner and high-performance activities. The one-month instrumentality of Deckers Outdoor Corporation (NYSE:DECK) was -16.71%, and its shares mislaid 24.49% of their worth implicit the past 52 weeks. On April 1, 2025, Deckers Outdoor Corporation (NYSE:DECK) banal closed astatine $113.35 per stock with a marketplace capitalization of $17.204 billion.

Renaissance Investment Management Small Cap Growth Strategy stated the pursuing regarding Deckers Outdoor Corporation (NYSE:DECK) successful its Q4 2024 capitalist letter:

"We exited our presumption successful Deckers Outdoor Corporation (NYSE:DECK), the shaper and distributor of the Ugg and HOKA brands, arsenic the company’s marketplace headdress exceeded the precocious bounds allowed successful our Small Cap Growth portfolio. Deckers had been a holding successful our portfolio since precocious 2019."

Is Deckers Outdoor Corporation (DECK) the Most Oversold Large Cap Stock to Invest successful Now?

A lawsuit browsing a retail store, uncovering the cleanable footwear for their casual outfits.

Deckers Outdoor Corporation (NYSE:DECK) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 66 hedge money portfolios held Deckers Outdoor Corporation (NYSE:DECK) astatine the extremity of the 4th fourth compared to 61 successful the 3rd quarter. In the 3rd 4th of fiscal 2025, Deckers Outdoor Corporation’s (NYSE:DECK) revenue grew 17% year-over-year to $1.8 billion. While we admit the imaginable of Deckers Outdoor Corporation (NYSE:DECK) arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns, and doing truthful wrong a shorter timeframe. If you are looking for an AI banal that is arsenic promising arsenic NVIDIA but that trades astatine little than 5 times its earnings, cheque retired our study astir the cheapest AI stock.

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