<p>隨着股票交易接近歷史最高點，幾乎所有的成長股似乎都顯得過於昂貴。畢竟，成長股在過去 2.5 年中推動了牛市，而不僅僅是人工智能股票，許多其他股票在此期間也大幅上漲。</p>
<p>在消費領域，像 <strong>Costco</strong> 和 <strong>Walmart</strong> 這樣的股票大幅上漲，幫助 <strong>標準普爾 500 指數</strong> 突破 6500 點。</p>
<p>然而，有一些成長股的交易價格處於折扣狀態，其中一隻股票現在看起來是一個絕佳的買入機會。那就是 <strong>德克斯户外用品</strong>（DECK -2.83%），它是 Hoka 跑鞋和 Ugg 羊皮靴的製造商。</p>
<p>德克斯目前的交易價格比今年早些時候的峯值下跌了 46%，因為對關税和增長放緩的擔憂壓制了該股。然而，隨着第一季度財報超出預期以及關税形勢的緩和，這些擔憂現在似乎被誇大了。</p>
<p>吸引人的估值和良好的增長前景使德克斯成為一個很好的股票投資選擇，1000 美元可以讓你目前購買八股。繼續閲讀以瞭解原因。</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>圖片來源：Getty Images。</p>
<h2>價格重置</h2>
<p>在一系列令人失望的財報發佈後，德克斯的股票從 1 月份的峯值下跌了超過 50%，目前的市盈率為 19，顯著低於標準普爾 500 指數的 27，幾乎高出 50%。</p>
<p>德克斯的增長似乎也超過了標準普爾 500 指數，收入增長了 16.9%，達到 9.645 億美元，遠超 900.4 萬美元的預期。</p>
<p>這一增長在其兩個核心品牌之間均衡分佈，Hoka 的銷售額增長了 19.8%，達到 6.531 億美元，而 Ugg 的銷售額增長了 18.9%，達到 2.651 億美元。</p>
<p>儘管國內銷售在本季度疲軟，下降了 2.8%，至 5.013 億美元，但國際銷售大幅上漲 49.7%，達到 4.633 億美元，顯示出公司在海外市場開拓新市場，即使面臨關税壓力和國內可自由支配支出疲軟。國際增長主要來自歐洲和中國，因為公司正在擴大在歐洲的分銷。</p>
<p>展望今年剩餘時間，管理層預計其兩個核心品牌將實現穩健增長，Hoka 的指導預期為中位數十幾的增長，Ugg 為中位數個位數的增長。</p>
<h2>強勁的業績記錄</h2>
<p>除了吸引人的估值和國際市場的勢頭，德克斯在服裝和鞋類行業中也擁有最強的業績記錄之一，儘管最近出現拋售，該股在過去十年中上漲了超過 1000%。</p>
<p>在其歷史早期，Ugg 品牌推動了其增長，而最近，Hoka 接過了這個重任。公司在這兩個品牌處於初創階段時收購了它們，並將其發展成為數十億美元的巨頭。</p>
<p>德克斯有潛力再次做到這一點，儘管目前其投資組合中沒有明顯的候選品牌。儘管如此，Hoka 仍在不斷獲得市場份額，因為厚底跑鞋在跑步者和像護士這樣的需要長時間站立工作的人羣中非常受歡迎。</p>
<p>在最近的財報電話會議上，管理層表示，Hoka 的三個主要系列，Bondi、Clifton 和 Arahi，表現良好，並繼續推出新的更新和型號。</p>
<p>德克斯預計關税將對其銷售成本產生 1.85 億美元的影響，但這不足以成為使其市值大約減少 150 億美元的理由。</p>
<p>德克斯的拋售似乎被過度反應，公司看起來有良好的定位，能夠在今年剩餘時間繼續超出預期。如果能夠做到這一點，該股可能會大幅上漲，彌補之前的損失。</p>

德克斯户外用品

<p>德克斯户外用品 (Deckers Outdoor, DECK) 被認為是當前值得購買的頂級成長股，因關税擔憂和增長放緩，股價較峯值下跌了 46%。儘管面臨近期挑戰，公司報告的第一季度收益超出預期，收入增長 16.9%，達到 9.645 億美元。國際銷售激增 49.7%，主要得益於在歐洲和中國的擴張。德克斯的市盈率為 19，顯著低於標準普爾 500 指數的 27，顯示出其增長潛力，尤其是其受歡迎的 Hoka 品牌。該股近期的拋售似乎過度，提供了一個買入機會</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>隨着股票交易接近歷史最高點，幾乎所有的成長股似乎都顯得過於昂貴。畢竟，成長股在過去 2.5 年中推動了牛市，而不僅僅是人工智能股票，許多其他股票在此期間也大幅上漲。</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>在消費領域，像 <strong>Costco</strong> 和 <strong>Walmart</strong> 這樣的股票大幅上漲，幫助 <strong>標準普爾 500 指數</strong> 突破 6500 點。</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，有一些成長股的交易價格處於折扣狀態，其中一隻股票現在看起來是一個絕佳的買入機會。那就是 <strong>德克斯户外用品</strong>（DECK -2.83%），它是 Hoka 跑鞋和 Ugg 羊皮靴的製造商。</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>德克斯目前的交易價格比今年早些時候的峯值下跌了 46%，因為對關税和增長放緩的擔憂壓制了該股。然而，隨着第一季度財報超出預期以及關税形勢的緩和，這些擔憂現在似乎被誇大了。</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長前景使德克斯成為一個很好的股票投資選擇，1000 美元可以讓你目前購買八股。繼續閲讀以瞭解原因。</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>圖片來源：Getty Images。</p>
</div><h2>A price reset</h2>
<div class="lb-trans"><h2>價格重置</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財報發佈後，德克斯的股票從 1 月份的峯值下跌了超過 50%，目前的市盈率為 19，顯著低於標準普爾 500 指數的 27，幾乎高出 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>德克斯的增長似乎也超過了標準普爾 500 指數，收入增長了 16.9%，達到 9.645 億美元，遠超 900.4 萬美元的預期。</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>這一增長在其兩個核心品牌之間均衡分佈，Hoka 的銷售額增長了 19.8%，達到 6.531 億美元，而 Ugg 的銷售額增長了 18.9%，達到 2.651 億美元。</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>儘管國內銷售在本季度疲軟，下降了 2.8%，至 5.013 億美元，但國際銷售大幅上漲 49.7%，達到 4.633 億美元，顯示出公司在海外市場開拓新市場，即使面臨關税壓力和國內可自由支配支出疲軟。國際增長主要來自歐洲和中國，因為公司正在擴大在歐洲的分銷。</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>展望今年剩餘時間，管理層預計其兩個核心品牌將實現穩健增長，Hoka 的指導預期為中位數十幾的增長，Ugg 為中位數個位數的增長。</p>
</div><h2>A strong track record</h2>
<div class="lb-trans"><h2>強勁的業績記錄</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國際市場的勢頭，德克斯在服裝和鞋類行業中也擁有最強的業績記錄之一，儘管最近出現拋售，該股在過去十年中上漲了超過 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>在其歷史早期，Ugg 品牌推動了其增長，而最近，Hoka 接過了這個重任。公司在這兩個品牌處於初創階段時收購了它們，並將其發展成為數十億美元的巨頭。</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>德克斯有潛力再次做到這一點，儘管目前其投資組合中沒有明顯的候選品牌。儘管如此，Hoka 仍在不斷獲得市場份額，因為厚底跑鞋在跑步者和像護士這樣的需要長時間站立工作的人羣中非常受歡迎。</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>在最近的財報電話會議上，管理層表示，Hoka 的三個主要系列，Bondi、Clifton 和 Arahi，表現良好，並繼續推出新的更新和型號。</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>德克斯預計關税將對其銷售成本產生 1.85 億美元的影響，但這不足以成為使其市值大約減少 150 億美元的理由。</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>德克斯的拋售似乎被過度反應，公司看起來有良好的定位，能夠在今年剩餘時間繼續超出預期。如果能夠做到這一點，該股可能會大幅上漲，彌補之前的損失。</p>
</div>

現在用 1000 美元購買的最佳成長股