Deckers Outdoor (DECK) PT Lowered to $375 at Baird
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Deckers Outdoor (DECK) PT Lowered to $350 at Jefferies, Remains Positive
May 20, 2022 8:04 AM EDTJefferies analyst Corey Tarlowe lowered the price target on Deckers Outdoor (NYSE: DECK) to $350.00 (from $450.00) while maintaining a Buy rating following earnings.
The analyst commented, "Demand remains strong for UGG and HOKA, as evidenced by 4Q revenue of $736M coming in ahead of... More
Deckers (DECK) Shares Gain as Revenue Easily Tops Estimates, Analysts Positive
May 20, 2022 7:43 AM EDTShares of Deckers (NYSE: DECK) are up 13% in premarket trading after the company reported better-than-expected Q4 net sales.
DECK generated $736 million in net sales in the fourth quarter, up 31% YoY and above the analyst consensus of $639.1 million. Deckers reported Q4 EPS of $2.51, up from $1.18 in the same period last year.
The gross margin stood at 48.7%, compared to 53.2% in the year-ago period and the consensus estimates of 50.3%.
For FY2023, Deckers expects EPS... More
