Pivotal Research analyst Mitch Kummetz reiterated a Buy rating on Deckers Outdoor (DECK) today and set a price target of $193.00. The company’s shares closed last Monday at $156.02.
According to TipRanks.com, Kummetz is a 4-star analyst with an average return of 8.1% and a 65.8% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Shoe Carnival, and Genesco Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Deckers Outdoor with a $188.60 average price target, a 20.9% upside from current levels. In a report issued on October 11, Stifel Nicolaus also upgraded the stock to Buy with a $170.00 price target.
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Based on Deckers Outdoor’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $19.35 million. In comparison, last year the company had a net profit of $74.37 million.
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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. It operates through the following segments: UGG Brand, HOKA Brand, Teva Brand, Sanuk Brand, Other Brands, and Direct-to-Consumer.
