TD Cowen Maintains Buy Rating on Deckers Outdoor (DECK), Lifts PT
From Yahoo Finance: 2025-05-22 06:14:00
Analyst John Kernan from TD Cowen raised the price target for Deckers Outdoor Corporation (DECK) to $175, maintaining a Buy rating due to strong performance and growth prospects, particularly driven by the HOKA brand’s success. The company has seen sustained sales growth and digital engagement, supported by successful product launches and e-commerce traffic.
Deckers Outdoor Corporation (DECK) has exceeded sales growth guidance and expanded market capitalization since 2020, with effective operational control. Despite challenges like tariff impacts on gross margins, the company’s outlook remains positive, backed by a high return on invested capital (ROIC) and strong free cash flow. Planned share buybacks further enhance its investment appeal.
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