10:30 AM EDT, 05/23/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month price target by $13 to $155, based on 25.4x our FY 26 (Mar.) EPS estimate and slightly higher than the company's three-year average forward P/E multiple of 24.2x. We maintain our FY 26 EPS estimate of $6.10 and initiate our FY 27 EPS estimate at $6.50. DECK posted normalized Q4 FY 25 (Mar.) EPS of $1.00 vs. $0.82, $0.40 above consensus estimates on revenues of $1.02B vs. $960M, $16M above estimates. By brand in Q4, HOKA revenues increased 10% Y/Y, UGG increased 4%, and Other Brands decreased 6%. By channel, Wholesale revenues increased 12%, while DTC declined 1%. Q4 gross margin expanded 50 bps Y/Y to 56.7% due to benefits from more full price sell-through at UGG as well as favorable brand and channel mix. DECK continues to maintain a near perfect balance sheet, with $1.9B in cash and no outstanding borrowings. Its board also approved a new $2.25B share buyback program. We see significant value emerging in shares and expect DECK to boost buybacks and outperform analyst expectations.