On May 23, Evercore Isi Analysten changed her attitude towards Deckers Outdoor Corporation (NYSE: Deck) by Deckers Outdoor Corporation (NYSE: DECK), whereby downgraded it from “Outperform” to “Inline” and reduced its price target to $ 110 from the previous target of 235 US dollar.
The downgrade shows the concerns in connection with its growth prospects, mainly for its most important brands such as UGG and Hoka.
A customer surfs in a retail business and finds the perfect shoes for his informal outfits.
The analysts of the company indicated signs of a delay in the 2 main brand growth engines from brand growth by Deckers Outdoor Corporation (Nyse: Deck). In the past, these promoted the strong dynamics and margin expansion of the company. According to the analysts, the Deckers Outdoor Corporation (Nyse: Deck) was an established story on the wider market, but it can experience a lower growth profile in the future.
In addition, the analysts have highlighted an increased external pressure such as tariffs and weaker mood of the consumers who can influence the performance of Deckers Outdoor Corporation (NYSE: DECK). The new prospects of the company points to a cautious approach that is waiting for more positive signals that can indicate a potential for the future of outperformance.
A revised price target of 110 US dollars therefore reflects a significant decline compared to the previous goal, which indicates a new calibration of the expectations for Deckers Outdoor Corporation (NYSE: DECK) of decks.
Deckers Outdoor Corporation (NYSE: DECK) is busy designing, marketing and distributing shoes, clothing and accessories for the informal lifestyle and powerful activities.
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Disclosure: none.