#3 - Deckers Outdoor (NYSE:DECK)
Moving from the where consumers may buy to the what, brings to mind Deckers Outdoor Corporation (NYSE:DECK). The company is best known for its Uggs brand of slippers. But the company is increasingly known for its HOKA brand running shoes. And that’s where analysts believe the growth will come from.
The company reports earnings on February 2, 2023, and this will be one to watch. DECK stock is trading near the top of its 52-week range. Beating expectations will add validity to analysts such as Bank of America (NYSE:BAC) who are bullish on the stock and give it a $425 price target. Cowen has gone even farther boosting its price target to $450.
Deckers Outdoor does not pay a dividend, but at a time when investors are looking for stocks that could surprise in January, the stock is worth a look.
About Deckers Outdoor
Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.
More about Deckers Outdoor- Current Price
- $129.38
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $161.89 (25.1% Upside)
