Deckers Outdoor’s Hoka, UGG Brands Have ‘Meaningful Upside,’ Says Bullish Analyst

Deckers Outdoor Corp (NYSE:DECK) shares have been on an uptrend since the company reported upbeat quarterly results last week.

While DTC trends decelerated, a significant acceleration in wholesale sell-in activities drove the company’s “meaningful” earnings beat for the fourth quarter, according to Truist Securities.

The Deckers Outdoor Analyst: Joseph Civello upgraded the rating for Deckers Outdoor from Hold to Buy, while raising the price target from $1,011 to $1,200.

The Deckers Outdoor Thesis: The Hoka and UGG brands seemed to be “firing on all cylinders” and have …

Full story available on Benzinga.com