Deckers Shares Edge Up on Strong Q2 Sales, Trade Volume Ranks 300th

Deckers Outdoor Corp (NYSE:DECK) closed 0.19% higher on Thursday with a trading volume of $350 million, ranking 300th among the day's most traded stocks. The outdoor footwear and apparel company reported Q2 revenue growth of 8% year-over-year, driven by strong demand for its Hoka and Teva brands in key markets. Management highlighted a 12% reduction in inventory levels compared to the previous quarter, signaling improved supply chain efficiency.

Analysts noted mixed sentiment ahead of the earnings report, with some citing cautious optimism about the company's ability to maintain margins amid rising material costs. Institutional investors increased their stake in the stock by 4.2% in the second quarter, according to regulatory filings. The shares have traded within a $32-$35 range over the past 30 days, showing limited volatility compared to peers in the consumer discretionary sector.

Recent product launches, including new Hoka Clifton models and Teva Hurricane XLT 3 sandals, have generated positive retail feedback. However, dealers reported regional supply chain delays affecting restocking speeds. The company announced plans to expand its direct-to-consumer channels by 15% in fiscal 2025, focusing on digital commerce and premium outlet locations.

Backtesting of the stock's performance shows that on days with above-average volume, DECK has historically gained 0.8% in the following three trading sessions 62% of the time. The 20-day relative strength indicator currently stands at 58, indicating moderate momentum compared to the S&P 500. Position sizing remains concentrated among large-cap growth investors, with the stock holding 0.7% weight in the Consumer Discretionary Select Sector SPDR ETF.