Jim Cramer Highlights Deckers Outdoor Stock Recommendation

On CNBC's "Mad Money Lightning Round," popular financial expert Jim Cramer expressed his positive outlook on Deckers Outdoor (NYSE: DECK). During the show, he advised his viewers to consider purchasing the stock when it is priced below $120 per share. He further emphasized, "Next buy, 100. Get a good basis," indicating that building a solid investment position in the company could be beneficial.

Recently, on January 30, Deckers Outdoor released its quarterly earnings report, highlighting strong financial performance. The company reported earnings of $3 per share, surpassing the analyst consensus estimate of $2.55 per share.

Additionally, Deckers recorded quarterly revenue of $1.83 billion, exceeding expectations of $1.73 billion and showing a significant increase from previous year's sales of $1.56 billion.

Stefano Caroti, the CEO of Deckers Outdoor, praised the company's performance, stating, "Deckers posted exceptional results in the third quarter, delivering record quarterly revenue, gross margin, and earnings." This positive development has likely contributed to Cramer's confidence in the stock.

In the same segment, Cramer also brought attention to Gladstone Land (NASDAQ: LAND), but he suggested an alternative investment by saying, "I'm going to see your Gladstone Land and raise you with Realty Income (NYSE: O)."

On February 19, Gladstone Land announced its financial results, reporting earnings of 9 cents per share, which fell short of the analyst consensus estimate of 11 cents per share. However, the company did see revenue of $21.10 million, which was higher than the expected $20.45 million.

Price Action:

• Deckers Outdoor shares increased 3.3%, closing at $119.05 on Wednesday.
• Gladstone Land shares dipped 0.6%, ending the session at $10.70.
• Realty Income shares also declined, falling 0.9% to settle at $56.44.

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Cramer, Stocks, Earnings