Jim Cramer Recommends Deckers Outdoor: 'Get A Good Basis'

On the popular CNBC show "Mad Money Lightning Round," host Jim Cramer shared his positive outlook on Deckers Outdoor (NYSE: DECK). He advised viewers to consider purchasing shares of the company if the price is below $120, stating, “Next buy, 100. Get a good basis.”

Deckers Outdoor recently announced its quarterly earnings on January 30, revealing impressive results. The company reported quarterly earnings of $3.00 per share, surpassing the analyst consensus estimate of $2.55 per share.

In addition, Deckers recorded quarterly revenue of $1.83 billion, exceeding the anticipated $1.73 billion and showing significant growth from $1.56 billion in sales during the same period last year. **Stefano Caroti**, the CEO of Deckers Outdoor, emphasized the company’s success by stating, "Deckers posted exceptional results in the third quarter, delivering record quarterly revenue, gross margin, and earnings."

During the show, Cramer also mentioned another company, Gladstone Land (NASDAQ: LAND), and noted a difference in performance. He quipped, “I’m going to see your Gladstone Land and raise you with Realty Income.”

On February 19, Gladstone Land released its quarterly earnings report, indicating earnings of 9 cents per share, which fell short of the analyst consensus estimate of 11 cents per share. However, the company did achieve quarterly sales of $21.10 million, beating the expectation of $20.45 million.

Price Action:

• Deckers Outdoor shares saw a 3.3% increase, closing at $119.05 on Wednesday.
• Gladstone Land shares dipped by 0.6%, ending the day at $10.70.
• Realty Income shares also fell, decreasing by 0.9% to close at $56.44.

Stocks, Earnings, Cramer