Seaport Research analyst Mitch Kummetz raised the firm’s price target on Deckers Outdoor to $1,125 from $1,050 and keeps a Buy rating on the shares. There are not many hot footwear brands at the moment and Deckers has two of them, HOKA and UGG, which the firm believes sets the company up well in FY25, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DECK:
- Time to buy athletic shoemaker Nike stock, Barron’s says
- Seaport Research footwear/apparel analyst holds analyst/industry conference call
- High-end sneaker maker Golden Goose postpones IPO, Bloomberg reports
- Deckers Outdoor management to meet virtually with Seaport Research
- Deckers Outdoor CEO David Powers sells almost $12M in shares