Wedbush Maintains Outperform Rating for Deckers Outdoor: Here's What You Need To Know

Wedbush has decided to maintain its Outperform rating of Deckers Outdoor DECK and raise its price target from $485.00 to $505.00.

Shares of Deckers Outdoor are trading up 3.09% over the last 24 hours, at $463.89 per share.

A move to $505.00 would account for a 8.86% increase from the current share price.

About Deckers Outdoor

Deckers Outdoor Corp designs and sells casual and performance footwear, apparel, and accessories. Primary brands include UGG, Teva, and Sanuk. The company distributes Most of its products through its wholesale business, but it also has a substantial direct-to-consumer business with its company-owned retail stores and websites. Most sales are in the United States, although the company also has retail stores and distributors throughout Europe, Asia, Canada, and Latin America. Deckers sources its products from independent manufacturers primarily in Asia.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.