Aug. 2 at 4:42 AM
$DECK one of two things will happen next week…
1. Stocks bleeding will stop and it will trade sideways the rest of the week, and into the end of summer.
2. This will breakdown further to
$95 officially resetting the chart back to pre-earnings level. Which is where it will sit until an announcement is made about the buyback.
I lean more towards number two as this is better for DECK. The third option is they don’t make any mention of the buybacks until fall. Which end of summer is historically weak. It doesn’t see a green week until September. That’s the nuclear option.
Besides the buyback there are no other catalysis that will come out. Buy ratings came in after earnings. If anything sell or neutral ratings will come in over the next few weeks. Citing weakening Hoka demand and tariffs.
If you have a cost basis above
$120, it’ll most likely not see that price again until the October earnings. If they’re positive. Which they’ll cite tariff impacts.
