UBS reiterated a Buy rating on Deckers Outdoor Corp. (DECK), setting a $157 price target, driven by the exceptional performance and strong growth projections for its key brands, UGG and Hoka.
- UGG drove significant results, with Q2 fiscal 2026 sales increasing 10.1% to $759.6 million.
- Global revenue for the first half grew 12%, primarily fueled by international strength and wholesale demand.
- The analyst confidence is underpinned by Hoka's projected low-teens growth rate in fiscal 2026 and its 13% 4-year sales CAGR.