Wedbush analysts added Deckers Outdoor Corp. DECK, +1.48% to their Best Ideas List Thursday, writing that the owner of UGG was a rare earnings success story in an “extremely challenging retail environment” last quarter, as the company was among the few in the sector to increase its outlook. “The rapidly-growing Hoka brand remains one of the most compelling, high-momentum growth stories in our space, while we’ve become more comfortable with the direction of the UGG brand,” the Wedbush analysts wrote. “Given the combination of top-line growth, strong margins, and a fortress balance sheet, we think that this high-quality name is poised to be a continued outperformer.” The team at Wedbush also took shares of Advanced Micro Devices Inc. AMD, -1.02% off the Best Ideas List, citing “investment price discipline.”
