Deckers Outdoor (DECK) PT Raised to $200 at Susquehanna; 'Demand for HOKA and UGG Remains Strong'

Susquehanna analyst Sam Poser raised the price target on Deckers Outdoor (NYSE: DECK) to $200.00 (from $175.00) while maintaining a Positive rating.

The analyst commented, "Buy DECK. 4Q20 results and quarter-to-date trends are evidence to us that the brand strength of HOKA and UGG (~88% of FY20 sales) are improving in the face of the current crisis. Management's commitment to maintaining brand sanctity bodes well for the long-term health and success of all brands in DECK's portfolio. We think management's focus on optimizing the desirability of UGG and HOKA throughout the current crisis will reinforce an already strong foundation for long-term profitable growth."

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