Deckers Outdoor price target raised to $1,100 from $985 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Deckers Outdoor to $1,100 from $985 and keeps an Outperform rating on the shares. The company delivered “another impressive quarter” with sales and earnings beating increasingly difficult expectations, the analyst tells investors. Both of Deckers’ largest brands, UGG and HOKA, delivered “impressive” topline growth and benefitted from continued strength in the direct-to-consumer channel, the firm adds. Telsey believes Deckers remains ‘well-positioned’ with a healthy brand portfolio.