Barclays maintains an 'Overweight' on Deckers Outdoor (DECK); Highlights From Management Meeting

Barclays maintains an 'Overweight' on Deckers Outdoor (NASDAQ: DECK) price target of $75.00.

Analyst, Robert S. Drbul, said, "Despite recent challenges within the business, management remains comfortable with its 2015 long term revenue target of $2.4 billion, with $1.85 billion global sales generated from the UGG brand. Management also continues to target operating margins of at least 20% long term. Globally, UGG continues to have significant long term growth opportunities but faces some near term growing pains."

"In China, the company is working on finding the right real estate and managing cannibalization. We view additional opportunities for growth in the company's expansion into apparel and accessories, as UGG is evolving into a lifestyle brand from its historical focus on footwear."

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 $54.00 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• VICI Properties closes $1.75B senior unsecured notes offering
• Travel Food Services (TRAVELFO:IN) PT Raised to INR1,600 at ICICI Securities
• Reddit surges premarket on index inclusion; Applied Materials’ dips