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Why Deckers Outdoor's Stock Is Trading Higher Today

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Why Deckers Outdoor's Stock Is Trading Higher Today

Deckers Outdoor Corporation (NYSE: DECK) shares are trading higher after Wedbush upgraded the company’s stock from Neutral to Outperform.

"Our analysis & conversations with mgmt give us confidence that its business model should be able to weather the current global economic shock with notably less sales & earnings pressure than peers, supported by a solid balance sheet & compelling valuation, with shares trading at a ~20% discount to historic levels," said Wedbush analyst Christopher Svezia.

Deckers Outdoor designs and sells casual and performance footwear, apparel and accessories. Primary brands include UGG, Teva, and Sanuk.

Deckers Outdoor shares were trading up 15% at $131.24 on Tuesday. The stock has a 52-week high of $203.19 and a 52-week low of $78.70.

Latest Ratings for DECK

DateFirmActionFromTo
Oct 2021WedbushInitiates Coverage OnNeutral
Aug 2021UBSMaintainsBuy
Jul 2021JefferiesMaintainsBuy

View More Analyst Ratings for DECK
View the Latest Analyst Ratings

 

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Posted-In: why it's movingNews Upgrades Analyst Ratings Movers Trading Ideas

Latest Ratings

StockFirmActionPT
WGOKeybancDowngrades
THOKeybancDowngrades
OLPXJP MorganInitiates Coverage On32.0
OLPXMorgan StanleyInitiates Coverage On31.0
OLPXEvercore ISI GroupInitiates Coverage On50.0
View the Latest Analytics Ratings
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