Deckers Outdoor (DECK) Lifted Profit Outlook, Is The Stock A Bargain?

Deckers Outdoor (DECK) just delivered fiscal second quarter results that paired record sales of US$1.48b with higher earnings per share, and then lifted its full year profit outlook while trimming revenue expectations. The earnings beat and guidance tweak landed in a rough patch for Deckers Outdoor’s share price, with the stock down 4.91% on the day and 5.39% over the past week, extending a 24.07% year to date share price decline. That short term weakness, alongside recent revenue guidance...