Stifel analyst Jim Duffy raised the firm’s price target on Deckers Outdoor to $600 from $550 and keeps a Buy rating on the shares after fiscal Q1 results exceeded expectations and the company’s increase to its fiscal year revenue and mid-point EPS guidance exceeded the upside to Q1 consensus. With nearly 90% of the annual earnings power still ahead in Q2-Q3, “we are unsurprised that estimates move only modestly higher,” said the firm, which is raising its own estimates.
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Read More on DECK:
- Deckers Outdoor price target lowered to $564 from $575 at TD Cowen
- Deckers Outdoor price target raised to $640 from $613 at BTIG
- Deckers Outdoor price target raised to $720 from $715 at UBS
- Deckers Outdoor price target raised to $620 from $575 at Baird
- Deckers Outdoor raises FY24 EPS view to $21.75-$22.25 from $21.10-$21.60
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