Needham analyst Tom Nikic removed Deckers Outdoor (DECK) from the firm’s Conviction List while keeping a Buy rating on the shares with a $115 price target The firm believes Deckers has entered a “slower-growth stage of life” at both its Ugg and Hoka brands. In addition, the company’s margins may move lower in the coming years to sustainable long-term levels, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DECK:
- Wayfair upgraded, Instacart initiated: Wall Street’s top analyst calls
- Deckers Outdoor downgraded to Neutral from Outperform at Baird
- Deckers Outdoor downgraded to Underweight from Neutral at Piper Sandler
- Early notable gainers among liquid option names on December 30th
- UBS athletic wear survey shows growth potential for Deckers’ Hoka