If You'd Invested $10,000 in Deckers Outdoor Stock 10 Years Ago, Here's How Much You'd Have Today
Deckers Outdoor (NYSE: DECK) is recognized for its footwear brands, including the iconic UGG sheepskin boots that have been widely popular since the early 2000s.Perhaps its biggest success story is from the Hoka brand of high-performance running and athletic shoes, which it reportedly acquired for just $1.1 million back in 2012. Over the past decade, Hoka has managed to cross over into the lifestyle category, evolving into a fashion phenomenon with blistering global demand. The brand alone is on track to generate more than $2 billion in sales this year.Longtime shareholders can take a victory lap. A $10,000 investment in Deckers Outdoor stock 10 years ago would be worth $100,060 today, a cool 901% return, and nearly three times the gain in the S&P 500 over the period.Continue reading
Deckers Outdoor (NYSE: DECK) is recognized for its footwear brands, including the iconic UGG sheepskin boots that have been widely popular since the early 2000s.
Perhaps its biggest success story is from the Hoka brand of high-performance running and athletic shoes, which it reportedly acquired for just $1.1 million back in 2012. Over the past decade, Hoka has managed to cross over into the lifestyle category, evolving into a fashion phenomenon with blistering global demand. The brand alone is on track to generate more than $2 billion in sales this year.
Longtime shareholders can take a victory lap. A $10,000 investment in Deckers Outdoor stock 10 years ago would be worth $100,060 today, a cool 901% return, and nearly three times the gain in the S&P 500 over the period.
