Barclays raised the firm’s price target on Deckers Outdoor (DECK) to $231 from $190 and keeps an Overweight rating on the shares post the fiscal Q3 report. The company beat on sales, margin and earnings while also raising its full-year guidance, the analyst tells investors in a research note. The firm says that the negative shift impact on Q4 resulted in guidance below consensus expectations, however. It believes Deckers continues to manage growth with discipline.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DECK:
- DECK Earnings: HOKA-Maker Deckers’ Shares Drop on Weak Guidance
- Deckers Brands Reports Record Q3 Earnings Growth
- Closing Bell Movers: Atlassian up 19%, Apple gains 3% after results
- Deckers says current full price selling environment ‘abnormal’
- Deckers Outdoor reports Q3 gross margin 60.3% vs. 58.7% last year