Williams Trading on Deckers Outdoor (DECK): 'Buy DECK'

Williams Trading analyst Sam Poser reiterated a Buy rating and $1,010.00 price target on Deckers Outdoor (NYSE: DECK).

The analyst comments "Buy DECK. We expect a significant 4Q24 beat, which is reflected in our street high estimates. Compared to implied guidance, the revenue beat will be driven by UGG and HOKA, and the EPS beat will be driven by less SG&A de-leverage than expected. We anticipate, as usual, very conservative, Goleta sand filled FY25 guidance when 4Q24 earnings are reported on Thursday, May 23rd AMC. DECK manages its brands, and investors' expectations better than almost every company within our coverage. DECK's consistent results have been and will continue to be the standard-bearer for the success of the less is more business strategy, which keeps supply below demand, and drives outsized margin growth and top tier revenue growth over the long term."

For an analyst ratings summary and ratings history on Deckers Outdoor click here. For more ratings news on Deckers Outdoor click here.

Shares of Deckers Outdoor closed at $850.67 yesterday.

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