KeyBanc Reiterates Sector Weight Rating on Deckers Outdoor (DECK)
KeyBanc analyst Ashley Owens reiterated a Sector Weight rating and {REMOVEPT} price target on Deckers Outdoor (NYSE: DECK).
The analyst commented: "4Q26 - Solid 4Q Beat; FY27 and Multi-Year Guidance Given; DECK posted solid 4Q results, supported by FP selling in both UGG and HOKA; the Company gave initial insight in FY27 guidance as well as a LT outlook. DECK exits FY26 with solid momentum, and key refreshes should support top-line growth, but the margin outlook for FY27 reflects pressure from higher freight and input costs. LT targets are encouraging but rely on strong int'l growth and continued FP sell-through, leaving us uncertain, particularly as macro and promotional risks remain elevated. While outlook is constructive, we await further signs of initiatives materializing; reiterate SW. Note is updated to reflect corrected FY27 estimates."
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Shares of Deckers Outdoor closed at $102.62 yesterday.
