In a report released yesterday, Joseph Civello from Truist Financial maintained a Buy rating on Deckers Outdoor (DECK – Research Report), with a price target of $983.00. The company’s shares closed yesterday at $851.41.
According to TipRanks, Civello is a 3-star analyst with an average return of 17.3% and a 90.00% success rate. Civello covers the Consumer Cyclical sector, focusing on stocks such as Deckers Outdoor, Lululemon Athletica, and Dick’s Sporting Goods.
Currently, the analyst consensus on Deckers Outdoor is a Moderate Buy with an average price target of $908.71, implying a 6.73% upside from current levels. In a report released on February 2, Seaport Global also maintained a Buy rating on the stock with a $1,000.00 price target.
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DECK market cap is currently $22.7B and has a P/E ratio of 31.72.
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Deckers Outdoor (DECK) Company Description:
Deckers Outdoor Corp. engages in the business of designing, marketing, and distributing footwear, apparel, and accessories developed for both everyday casual lifestyle use and high performance activities. It operates through the following segments: UGG Brand, HOKA Brand, Teva Brand, Sanuk Brand, Other Brands, and Direct-to-Consumer. The UGG Brand segment offers a line of premium footwear, apparel, and accessories. The HOKA Brand segment sells footwear and apparel that offers enhanced cushioning and inherent stability with minimal weight, originally designed for ultra-runners. The Teva Brand segment focuses on the sport sandal and modern outdoor lifestyle category, such as sandals, shoes, and boots. The Sanuk Brand segment originated in Southern California surf culture and has emerged into a lifestyle brand with a presence in the relaxed casual shoe and sandal categories. The Other Brands segment includes the Koolaburra by UGG brand. The Direct-to-Consumer segment comprises of retail stores and e-commerce websites. The company was founded by Douglas B. Otto in 1973 and is headquartered in Goleta, CA.
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