BTIG analyst Janine Stichter raised the firm’s price target on Deckers Outdoor to $640 from $613 and keeps a Buy rating on the shares. The company reported another strong quarter and a raise to its annual outlook against a challenging backdrop, and while Deckers is not entirely immune to the broader environment, the investments in brand and DTC are paying dividends, the analyst tells investors in a research note.
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Read More on DECK:
- 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
- Deckers Outdoor reports Q1 EPS $2.41, consensus $2.22
- DECKERS BRANDS REPORTS FIRST QUARTER FISCAL 2024 FINANCIAL RESULTS
- Deckers Outdoor price target raised to $614 from $505 at Wedbush
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