Deckers Outdoor target raised, added to ‘Tactical Outperform’ list at Evercore

Evercore ISI raised the firm’s price target on Deckers Outdoor (DECK) to $235 from $195 and keeps an Outperform rating on the shares, which the analyst added to the firm’s “Tactical Outperform” list. Heading into the fiscal Q3 report, the firm says its channel checks suggest that both of the company’s two main brands, HOKA and UGG, did well post back-to-school season. The firm maintains its FY25 EPS forecast, but raised FY26/27 EPS estimates by 3% and 4%, respectively, and is now 3% above Street, adding that it has rolled forward to FY27 estimates for valuation.