Citi analyst Paul Lejuez maintained a Buy rating on Deckers Outdoor (DECK – Research Report) yesterday and set a price target of $150.00.
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Paul Lejuez has given his Buy rating due to a combination of factors influencing Deckers Outdoor’s performance. Despite a slight miss in Hoka’s growth expectations, the company showed strong earnings per share for the fourth quarter, surpassing consensus estimates. This was largely driven by better-than-expected sales and gross margins for the UGG brand.
Lejuez notes that while there are some short-term challenges, particularly with model transitions in Hoka’s key franchises, the underlying demand for Hoka remains robust. Management’s guidance suggests potential growth improvements after the first quarter, and any current stock sell-off is seen as a favorable entry point for investors. The analyst maintains a positive outlook on the company’s long-term growth prospects, supported by strategic share repurchases and a stable target price.
According to TipRanks, Lejuez is a 5-star analyst with an average return of 9.0% and a 57.00% success rate. Lejuez covers the Consumer Cyclical sector, focusing on stocks such as Abercrombie Fitch, American Eagle, and Kohl’s.
In another report released today, Barclays also maintained a Buy rating on the stock with a $128.00 price target.