Stifel Nicolaus Believes Deckers Outdoor (NYSE: DECK) Still Has Room to Grow

By Carrie Williams

In a report released today, Jim Duffy from Stifel Nicolaus maintained a Buy rating on Deckers Outdoor (NYSE: DECK), with a price target of $120. The company’s shares closed yesterday at $103.67, close to its 52-week high of $105.13.

According to TipRanks.com, Duffy is a 4-star analyst with an average return of 6.8% and a 61.7% success rate. Duffy covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, Fox Factory Holding, and Under Armour.

Currently, the analyst consensus on Deckers Outdoor is Hold and the average price target is $106.60, representing a 2.8% upside.

In a report issued on May 21, Canaccord Genuity also assigned a Buy rating to the stock with a $121 price target.

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The company has a one-year high of $105.13 and a one-year low of $61.37. Currently, Deckers Outdoor has an average volume of 745.6K.

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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.