Connect with us

Hi, what are you looking for?

Uncategorized

BTIG sees ‘solid momentum’ for Deckers Brands

© Reuters. BTIG sees ‘solid momentum’ for Deckers Brands (DECK)

The Deckers Brands (NYSE:) price target was lifted to $613 from $560 at BTIG on Wednesday, with analysts reiterating a Buy rating on the stock.

Analysts told investors that its checks showed solid momentum has continued for the company.

“Investor conversations point to a focus on the growth outlook for HOKA (39% of F’23 sales); our checks suggest strong DTC growth, continued healthy sell-throughs, building brand awareness, and plenty of unmet demand from wholesale partners (both existing and potential),” the analysts wrote.

“We continue to believe the more moderate growth outlook for the brand (guided up ~20% in F’24 vs. nearly 60% in F’23) is more a function of strategic efforts to manage distribution than the actual consumer demand for the brand.”

For the company’s UGG brand, which represents 53% of its sales, BTIG noted strong growth in search interest, especially internationally, which they view as key to the investment case going forward.

Analysts also stated that consensus estimates for DECK are likely conservative.

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

В 2010 году Лас-Вегас стал свидетелем одного из самых дерзких ограблений в истории азартных игр. 14 декабря, группа из четырех человек, вооруженных огнестрельным оружием,...

Uncategorized

Posts Features Graphics and you can Construction on the Mobile Version Book Away from Ra RTP and you will Volatility Although not, this particular...

Uncategorized

Content Welches Online-Spielautomaten werden Halloween benannt – all slots Casino Baron Lord of Saturday (Play’n GO) CASINO-Daten Andere wieder sie sind froh gelaunt und...

Uncategorized

Content Create people position programs in reality shell out a real income? Manage any online harbors pay real cash? Player’s commission is actually put...