Meet the Newest Stock-Split Stock in the S&P 500. It Soared 12,870% Since Its IPO, and Wall Street Says It's Still a Buy Right Now.

The S&P 500 is the most widely followed stock market index in the U.S. and consists of the 500 largest publicly traded companies in the country. Given the scope of its membership, it is considered by many investors to be the most dependable gauge of overall stock market performance. To be included in the S&P 500, a company must meet the following criteria:Deckers Outdoor (NYSE: DECK) is one of the most recent additions to the S&P 500, joining the fold on March 18, one of only 11 companies to be added to the index so far this year. Furthermore, the outdoor footwear and apparel specialist recently completed a 6-for-1 forward stock split, usually reserved for companies with years of strong business and financial results. Since it went public 21 years ago, Deckers shares have soared 12,870% (as of this writing), as the company has navigated the vagaries of the ever-changing outdoor apparel market. Those results aren't relegated to some distant past either. Over the past five years, Deckers stock has surged 548%.Despite its impressive rise, many on Wall Street believe there are additional gains to be had. Let's look at why Deckers has been so successful and what the future holds.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool