On Oct 26, major Wall Street analysts update their ratings for $Deckers Outdoor (DECK.US)$, with price targets ranging from $178 to $232.
Citi analyst Paul Lejuez maintains with a hold rating, and adjusts the target price from $170 to $178.
UBS analyst Jay Sole maintains with a buy rating, and adjusts the target price from $226 to $232.
Evercore analyst Jesalyn Wong maintains with a buy rating, and adjusts the target price from $185 to $195.
Telsey Advisory analyst Dana Telsey maintains with a buy rating, and adjusts the target price from $183 to $190.
Williams Trading analyst Sam Poser maintains with a buy rating, and adjusts the target price from $189 to $197.
Furthermore, according to the comprehensive report, the opinions of $Deckers Outdoor (DECK.US)$'s main analysts recently are as follows:
It is anticipated that the consumer momentum enjoyed by Hoka will persist, contributing to robust sales growth for FY25 and potential earnings surpassing expectations. The projection is that Hoka will achieve 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. The sentiment surrounding the stock is expected to remain positive as the company demonstrates its ability to sustain a high EPS growth trajectory.
Deckers Outdoor's Q2 earnings per share of $1.59 were significantly above the anticipated estimates, attributed to sales and gross margins surpassing expectations. Analysts have heightened their multiples on future fiscal year estimates, signifying a boost in confidence regarding near-term sales trends. However, it is suggested that the current share valuation represents a balanced risk/reward scenario.
The firm expressed optimism regarding Deckers Outdoor's performance in fiscal Q2, highlighting that the company surpassed expectations in all areas and also elevated its earnings forecast for the full year. Deckers is seen as 'operating in the bullseye,' particularly with Hoka at the nascent stages of worldwide expansion and Ugg consistently innovating and aligning with present lifestyle footwear trends.
Deckers Outdoor's fiscal Q2 report was exceptionally positive, outperforming expectations in various aspects. The company's success spanned across its brands and channels, leading to an uplifted fiscal 2025 outlook due to its consistent execution. The potential for further growth is supported by the introduction of new products and a robust international market presence.
Deckers Outdoor's fiscal Q2 performance was robust, surpassing expectations across all significant indicators. Despite the substantial outperformance, the company's forecast for FY25 was only modestly increased, suggesting a cautious stance towards the second half of the fiscal year.
Here are the latest investment ratings and price targets for $Deckers Outdoor (DECK.US)$ from 6 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
