Pivotal Research analyst Mitch Kummetz reiterated a Hold rating on Deckers Outdoor (DECK) today and set a price target of $152. The company’s shares closed yesterday at $147.41.
Kummetz observed:
“We’re not banking on that happening this year, but it would be the kind of reset that could potentially make risk/reward really compelling in our view.”
According to TipRanks.com, Kummetz is a 3-star analyst with an average return of 3.2% and a 56.3% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Shoe Carnival, and Genesco Inc.
Deckers Outdoor has an analyst consensus of Moderate Buy, with a price target consensus of $165.
See today’s analyst top recommended stocks >>
Based on Deckers Outdoor’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $196 million. In comparison, last year the company had a net profit of $20.62 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Deckers Outdoor Corp. engages in the business of designing, marketing and distributing footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities. The company operates through six segments: UGG, Teva, Sanuk, Other Brands Wholesale, eCommerce and Retail Store.
