<p>随着股票交易接近历史最高点，几乎所有的成长股似乎都显得过于昂贵。毕竟，成长股在过去 2.5 年中推动了牛市，而不仅仅是人工智能股票，许多其他股票在此期间也大幅上涨。</p>
<p>在消费领域，像 <strong>Costco</strong> 和 <strong>Walmart</strong> 这样的股票大幅上涨，帮助 <strong>标准普尔 500 指数</strong> 突破 6500 点。</p>
<p>然而，有一些成长股的交易价格处于折扣状态，其中一只股票现在看起来是一个绝佳的买入机会。那就是 <strong>德克斯户外用品</strong>（DECK -2.83%），它是 Hoka 跑鞋和 Ugg 羊皮靴的制造商。</p>
<p>德克斯目前的交易价格比今年早些时候的峰值下跌了 46%，因为对关税和增长放缓的担忧压制了该股。然而，随着第一季度财报超出预期以及关税形势的缓和，这些担忧现在似乎被夸大了。</p>
<p>吸引人的估值和良好的增长前景使德克斯成为一个很好的股票投资选择，1000 美元可以让你目前购买八股。继续阅读以了解原因。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE3NjUvc2hvcHBpbmctZm9yLXNuZWFrZXJzLW5pa2UtYWRkaWRhcy1hdGhsZXRpYy1hcHBhcmVsLTEyMDB4ODAwLTViMmRmNzkuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE3NjUvc2hvcHBpbmctZm9yLXNuZWFrZXJzLW5pa2UtYWRkaWRhcy1hdGhsZXRpYy1hcHBhcmVsLTEyMDB4ODAwLTViMmRmNzkuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<h2>价格重置</h2>
<p>在一系列令人失望的财报发布后，德克斯的股票从 1 月份的峰值下跌了超过 50%，目前的市盈率为 19，显著低于标准普尔 500 指数的 27，几乎高出 50%。</p>
<p>德克斯的增长似乎也超过了标准普尔 500 指数，收入增长了 16.9%，达到 9.645 亿美元，远超 900.4 万美元的预期。</p>
<p>这一增长在其两个核心品牌之间均衡分布，Hoka 的销售额增长了 19.8%，达到 6.531 亿美元，而 Ugg 的销售额增长了 18.9%，达到 2.651 亿美元。</p>
<p>尽管国内销售在本季度疲软，下降了 2.8%，至 5.013 亿美元，但国际销售大幅上涨 49.7%，达到 4.633 亿美元，显示出公司在海外市场开拓新市场，即使面临关税压力和国内可自由支配支出疲软。国际增长主要来自欧洲和中国，因为公司正在扩大在欧洲的分销。</p>
<p>展望今年剩余时间，管理层预计其两个核心品牌将实现稳健增长，Hoka 的指导预期为中位数十几的增长，Ugg 为中位数个位数的增长。</p>
<h2>强劲的业绩记录</h2>
<p>除了吸引人的估值和国际市场的势头，德克斯在服装和鞋类行业中也拥有最强的业绩记录之一，尽管最近出现抛售，该股在过去十年中上涨了超过 1000%。</p>
<p>在其历史早期，Ugg 品牌推动了其增长，而最近，Hoka 接过了这个重任。公司在这两个品牌处于初创阶段时收购了它们，并将其发展成为数十亿美元的巨头。</p>
<p>德克斯有潜力再次做到这一点，尽管目前其投资组合中没有明显的候选品牌。尽管如此，Hoka 仍在不断获得市场份额，因为厚底跑鞋在跑步者和像护士这样的需要长时间站立工作的人群中非常受欢迎。</p>
<p>在最近的财报电话会议上，管理层表示，Hoka 的三个主要系列，Bondi、Clifton 和 Arahi，表现良好，并继续推出新的更新和型号。</p>
<p>德克斯预计关税将对其销售成本产生 1.85 亿美元的影响，但这不足以成为使其市值大约减少 150 亿美元的理由。</p>
<p>德克斯的抛售似乎被过度反应，公司看起来有良好的定位，能够在今年剩余时间继续超出预期。如果能够做到这一点，该股可能会大幅上涨，弥补之前的损失。</p>

德克斯户外用品

<p>德克斯户外用品 (Deckers Outdoor, DECK) 被认为是当前值得购买的顶级成长股，因关税担忧和增长放缓，股价较峰值下跌了 46%。尽管面临近期挑战，公司报告的第一季度收益超出预期，收入增长 16.9%，达到 9.645 亿美元。国际销售激增 49.7%，主要得益于在欧洲和中国的扩张。德克斯的市盈率为 19，显著低于标准普尔 500 指数的 27，显示出其增长潜力，尤其是其受欢迎的 Hoka 品牌。该股近期的抛售似乎过度，提供了一个买入机会</p>

<p>With stocks trading near all-time highs, it may seem like almost every growth stock is too expensive. After all, growth stocks have driven the bull market over the last 2.5 years, and it's not just artificial intelligence stocks, as plenty of others have soared during that time.</p>
<div class="lb-trans"><p>随着股票交易接近历史最高点，几乎所有的成长股似乎都显得过于昂贵。毕竟，成长股在过去 2.5 年中推动了牛市，而不仅仅是人工智能股票，许多其他股票在此期间也大幅上涨。</p>
</div><p>In the consumer sector, stocks like <strong>Costco</strong> and <strong>Walmart</strong> have soared, helping to drive the <strong>S&amp;P 500</strong> to above 6,500.</p>
<div class="lb-trans"><p>在消费领域，像 <strong>Costco</strong> 和 <strong>Walmart</strong> 这样的股票大幅上涨，帮助 <strong>标准普尔 500 指数</strong> 突破 6500 点。</p>
</div><p>However, there are some growth stocks trading at a discount, and one of them looks like an excellent buy right now. That's <strong>Deckers Outdoor</strong>(DECK -2.83%), the maker of Hoka running shoes and Ugg sheepskin boots.</p>
<div class="lb-trans"><p>然而，有一些成长股的交易价格处于折扣状态，其中一只股票现在看起来是一个绝佳的买入机会。那就是 <strong>德克斯户外用品</strong>（DECK -2.83%），它是 Hoka 跑鞋和 Ugg 羊皮靴的制造商。</p>
</div><p>Deckers is currently trading down 46% from its peak earlier this year as fears around tariffs and slowing growth have weighed on the stock. However, those fears now seem to be overblown following better-than-expected results in its first-quarter earnings report and a cooling off of the tariff situation.</p>
<div class="lb-trans"><p>德克斯目前的交易价格比今年早些时候的峰值下跌了 46%，因为对关税和增长放缓的担忧压制了该股。然而，随着第一季度财报超出预期以及关税形势的缓和，这些担忧现在似乎被夸大了。</p>
</div><p>An attractive valuation and promising growth prospects make Deckers a great stock to buy with $1,000, which can get you eight shares of it currently. Keep reading to see why.</p>
<div class="lb-trans"><p>吸引人的估值和良好的增长前景使德克斯成为一个很好的股票投资选择，1000 美元可以让你目前购买八股。继续阅读以了解原因。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE3NjUvc2hvcHBpbmctZm9yLXNuZWFrZXJzLW5pa2UtYWRkaWRhcy1hdGhsZXRpYy1hcHBhcmVsLTEyMDB4ODAwLTViMmRmNzkuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F831765%2Fshopping-for-sneakers-nike-addidas-athletic-apparel-1200x800-5b2df79.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>A price reset</h2>
<div class="lb-trans"><h2>价格重置</h2>
</div><p>After a pair of disappointing earnings reports, Deckers stock fell more than 50% from its peak in January, and the stock now trades at a price-to-earnings ratio of 19, a significant discount to the S&amp;P 500, which now trades at a P/E of 27, nearly 50% more.</p>
<div class="lb-trans"><p>在一系列令人失望的财报发布后，德克斯的股票从 1 月份的峰值下跌了超过 50%，目前的市盈率为 19，显著低于标准普尔 500 指数的 27，几乎高出 50%。</p>
</div><p>Deckers' growth also appears to be outpacing that of the S&amp;P 500, as revenue rose 16.9% to $964.5 million, which was well ahead of estimates of $900.4 million.</p>
<div class="lb-trans"><p>德克斯的增长似乎也超过了标准普尔 500 指数，收入增长了 16.9%，达到 9.645 亿美元，远超 900.4 万美元的预期。</p>
</div><p>That growth was balanced across its two core brands with Hoka sales up 19.8% to $653.1 million and Ugg sales up 18.9% to $265.1 million.</p>
<div class="lb-trans"><p>这一增长在其两个核心品牌之间均衡分布，Hoka 的销售额增长了 19.8%，达到 6.531 亿美元，而 Ugg 的销售额增长了 18.9%，达到 2.651 亿美元。</p>
</div><p>While domestic sales were weak in the quarter, down 2.8% in the quarter to $501.3 million, international sales soared 49.7% to $463.3 million, showing the company is tapping new markets abroad even as it faces pressure from tariffs and weak discretionary spending at home. The international growth was driven by Europe and China, as the company is expanding its distribution in Europe.</p>
<div class="lb-trans"><p>尽管国内销售在本季度疲软，下降了 2.8%，至 5.013 亿美元，但国际销售大幅上涨 49.7%，达到 4.633 亿美元，显示出公司在海外市场开拓新市场，即使面临关税压力和国内可自由支配支出疲软。国际增长主要来自欧洲和中国，因为公司正在扩大在欧洲的分销。</p>
</div><p>Looking ahead to the rest of the year, management expects solid growth from its two core brands, calling for mid-teens guidance for Hoka and mid-single-digit growth for Ugg.</p>
<div class="lb-trans"><p>展望今年剩余时间，管理层预计其两个核心品牌将实现稳健增长，Hoka 的指导预期为中位数十几的增长，Ugg 为中位数个位数的增长。</p>
</div><h2>A strong track record</h2>
<div class="lb-trans"><h2>强劲的业绩记录</h2>
</div><p>In addition to the attractive valuation and momentum in the international market, Deckers also has one of the strongest track records in the apparel and footwear sector, as the stocdk is up more than 1,000% over the last decade, even after the recent sell-off.</p>
<div class="lb-trans"><p>除了吸引人的估值和国际市场的势头，德克斯在服装和鞋类行业中也拥有最强的业绩记录之一，尽管最近出现抛售，该股在过去十年中上涨了超过 1000%。</p>
</div><p>Earlier in its history, its growth was driven by the Ugg brand, and more recently, Hoka has taken the mantle. The company acquired both of those brands when they were in their infancy and built both into multibillion-dollar titans.</p>
<div class="lb-trans"><p>在其历史早期，Ugg 品牌推动了其增长，而最近，Hoka 接过了这个重任。公司在这两个品牌处于初创阶段时收购了它们，并将其发展成为数十亿美元的巨头。</p>
</div><p>Deckers has the potential to do that again, though there aren't any obvious candidates in its portfolio currently. Nonetheless, Hoka continues to gain market share, as the thick-soled running shoes have proven to be popular with runners and people who work on their feet, like nurses.</p>
<div class="lb-trans"><p>德克斯有潜力再次做到这一点，尽管目前其投资组合中没有明显的候选品牌。尽管如此，Hoka 仍在不断获得市场份额，因为厚底跑鞋在跑步者和像护士这样的需要长时间站立工作的人群中非常受欢迎。</p>
</div><p>On the recent earnings call, management said that Hoka's three main franchises, Bondi, Clifton, and Arahi, are all performing well, and it continues to roll out new updates and models.</p>
<div class="lb-trans"><p>在最近的财报电话会议上，管理层表示，Hoka 的三个主要系列，Bondi、Clifton 和 Arahi，表现良好，并继续推出新的更新和型号。</p>
</div><p>Deckers expects to see a $185 million impact to cost of goods sold from tariffs, but that's not enough of a reason to wipe roughly $15 billion off its market cap.</p>
<div class="lb-trans"><p>德克斯预计关税将对其销售成本产生 1.85 亿美元的影响，但这不足以成为使其市值大约减少 150 亿美元的理由。</p>
</div><p>The sell-off in Deckers seems overdone, and the company looks well-positioned to continue topping estimates over the rest of the year. If it can do that, the stock could soar as it recoups its earlier losses.</p>
<div class="lb-trans"><p>德克斯的抛售似乎被过度反应，公司看起来有良好的定位，能够在今年剩余时间继续超出预期。如果能够做到这一点，该股可能会大幅上涨，弥补之前的损失。</p>
</div>

现在用 1000 美元购买的最佳成长股