KeyBanc analyst Ashley Owens maintains $Deckers Outdoor (DECK.US)$ with a buy rating, and adjusts the target price from $190 to $213.
According to TipRanks data, the analyst has a success rate of 56.8% and a total average return of 9.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Deckers Outdoor (DECK.US)$'s main analysts recently are as follows:
The firm came away from FFANY Market Week showcases encouraged by initiatives such as distribution management, customer acquisition, and prioritized innovation. Anticipation at HOKA continues to build around the overhauled Bondi and Clifton model launches, with franchises displayed at the Deckers-hosted event.
Following a product open house with Deckers Outdoor management, there is evident confidence in the future of its brands. The company showcased compelling product introductions set for 2025 along with initiatives aimed at enhancing brand growth. Analysts maintain a bullish stance on Deckers, anticipating continuous growth in the brands which is expected to drive higher EPS.
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.