Deckers Outdoor Posts Q2 Beat, Analysts Say Hoka Shoe Company Could Maintain ‘Robust Growth Trajectory’
Shares of Deckers Outdoor Corp (NYSE:DECK) were climbing in early trading on Friday after the company reported upbeat fiscal second-quarter earnings.
The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.
- Stifel analyst Jim Duffy maintained a Hold rating, while lifting the price target to $181.
- KeyBanc analyst Ashley Owens reiterated an Overweight rating, while raising the price target from $180 to $190.
- Truist analyst Joseph Civello reaffirmed a Buy rating and price target of $205.
- Piper Sandler analyst Anna Andreeva maintained a Neutral rating and price target of $160.
Check out other analyst stock ratings.
Stifel: Deckers Outdoor reported quarterly revenues of $1.31 billion and earnings of $1.59 per share, both beating consensus of $1.204 billion and $1.24 per share, respectively, Duffy said in a note. The revenue upside reflects stronger-than-expected revenues from UGG, Hoka, and Teva, partially offset by Koolaburra and Sanuk, he added.
Although management raised the full year earnings guidance to $5.15-$5.25 per share, the …
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