On Oct 25, major Wall Street analysts update their ratings for $Deckers Outdoor (DECK.US)$, with price targets ranging from $166 to $197.
BofA Securities analyst Christopher Nardone maintains with a hold rating, and adjusts the target price from $170 to $182.
Barclays analyst Adrienne Yih maintains with a buy rating, and adjusts the target price from $180 to $190.
Wells Fargo analyst Ike Boruchow maintains with a hold rating, and adjusts the target price from $165 to $170.
TD Cowen analyst John Kernan maintains with a buy rating, and maintains the target price at $185.
Baird analyst Jonathan Komp maintains with a buy rating, and adjusts the target price from $180 to $195.
Furthermore, according to the comprehensive report, the opinions of $Deckers Outdoor (DECK.US)$'s main analysts recently are as follows:
The projected continuation of consumer momentum for Hoka is anticipated to result in robust sales expansion and earnings surpasses that drive stock performance into FY25. There is an expectation for Hoka to realize a 21% five-year sales compound annual growth rate, which is central to the anticipated 15.5% five-year EPS compound annual growth rate for Deckers. Sentiment around the stock is expected to remain positive as the company demonstrates its ability to sustain a high rate of EPS growth.
Deckers Outdoor's Q2 earnings per share of $1.59 were significantly above the anticipated estimates, attributed to higher-than-expected sales and gross margins. The recent financial performance has led to greater confidence in the company's near-term sales trends. However, the current valuation of the shares suggests that the potential risks and rewards are evenly matched.
The firm is encouraged by Deckers Outdoor's performance in fiscal Q2, highlighting that the company surpassed expectations in all areas, and also elevated its full-year earnings forecast. Deckers is described as 'operating in the bullseye,' with its Hoka brand at the early stages of worldwide expansion, and its Ugg brand innovating and aligning well with present trends in lifestyle footwear.
Deckers Outdoor's fiscal Q2 showcased a strong performance across all metrics. Despite a substantial overperformance, the company only marginally increased its FY25 guidance, which suggests a very cautious perspective for the second half of the fiscal year.
Here are the latest investment ratings and price targets for $Deckers Outdoor (DECK.US)$ from 11 analysts:
Note:
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