Positive Report for Deckers Outdoor (DECK) from Susquehanna

In a report released today, Sam Poser from Susquehanna upgraded Deckers Outdoor (DECKResearch Report) to Buy, with a price target of $169. The company’s shares closed yesterday at $138.35.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 5.2% and a 52.9% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.

Deckers Outdoor has an analyst consensus of Moderate Buy, with a price target consensus of $169.

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Based on Deckers Outdoor’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $196 million. In comparison, last year the company had a net profit of $20.62 million.

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Deckers Outdoor Corp. engages in the business of designing, marketing and distributing footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities. The company operates through six segments: UGG, Teva, Sanuk, Other Brands Wholesale, eCommerce and Retail Store.