Stifel lowered the firm’s price target on Deckers Outdoor (DECK) to $117 from $127 and keeps a Hold rating on the shares. Fiscal Q2 upside reflects strength in the UGG brand, but HOKA revenue growth decelerated and the outlook for low-double digit percentage year-over-year growth in the second half is “likely a disappointment” to those banking on mid-teens percentage growth, the analyst tells investors in a post-earnings note.
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Read More on DECK:
- Deckers Outdoor price target lowered to $115 from $137 at Raymond James
- Deckers Outdoor price target lowered to $125 from $150 at Baird
- Deckers Outdoor price target lowered to $113 from $128 at Needham
- Buy Recommendation for Deckers Outdoor: Strong Q2 Performance and Growth Potential Amid Conservative Guidance
- Cautious Hold Rating for Deckers Outdoor Amid Competitive Pressures and Mixed Brand Performance