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Deckers Outdoor price target lowered to $157 from $175 at TD Cowen

TD Cowen analyst John Kernan lowered the firm’s price target on Deckers Outdoor (DECK) to $157 from $175 and keeps a Buy rating on the shares. The firm noted management did not issue full-year guidance but Q1 top-line and EPS guidance is conservative and Q4 sales (UGG) and EPS were above expectations. Commentary on HOKA full year plan still suggests mid-teens growth but Q4 miss adds some skepticism on wholesale channel led growth in Q1 and FY26.

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