Deckers Outdoor Corporation (DECK) is trading at a notably high price-to-earnings (P/E) multiple, well above the Zacks Retail-Apparel and Shoes industry and broader Retail-Wholesale sector averages. DECK’s forward 12-month P/E ratio sits at 28.12, significantly higher than the industry’s average of 16.19 and the sector’s average of 23.35.This valuation has been the result of the significant rise in Deckers’ stock price in the past year due to its strategic emphasis on expanding brand presence and strengthen ...