Deckers Outdoor (DECK) PT Raised to $1,005 at TD Cowen

TD Cowen analyst John Kernan raised the price target on Deckers Outdoor (NYSE: DECK) to $1,005.00 (from $1,000.00) while maintaining a Buy rating.

The analyst commented, "We are raising our target to $1,005, 28x FY26E EPS. Execution (innovation, segmentation) remains at the top of the softlines sector. Customer acquisition and retention trends for HOKA remain robust as most peers see slowdown. Model path to $880MM in annual FCF by FY27 (4% yield). Mid-teens EPS CAGR (5-yr) as HOKA scales to $3B. Sector sentiment is weak highlighting higher risk into the print."

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