UBS analyst Jay Sole maintains $Deckers Outdoor (DECK.US)$ with a buy rating, and adjusts the target price from $225 to $226.
According to TipRanks data, the analyst has a success rate of 51.9% and a total average return of 6.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Deckers Outdoor (DECK.US)$'s main analysts recently are as follows:
Deckers Outdoor's Hoka brand is believed to have sustained strong revenue growth in the second quarter, potentially leading to earnings per share surpassing forecasts by 10 cents in that period. There is also a sentiment that Deckers could update its fiscal year 2025 guidance to exceed market expectations. However, there is a perceived risk that growth in UGG's direct-to-consumer sales may not meet forecasts, suggesting a cautiously optimistic view of the potential outcomes.
Deckers Outdoor's current market valuation is perceived to mirror the company's commendable profitability and growth potential, warranting a premium compared to its peers. The company, recognized for its prominent Ugg and Hoka brands, stands out as a key player in the omni-channel retail landscape within the footwear sector.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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