![Deckers Outside Faces Direct-To-Client Development Slowdown, Analyst Downgrades Inventory – Deckers Outside (NYSE:DECK) Deckers Outside Faces Direct-To-Client Development Slowdown, Analyst Downgrades Inventory – Deckers Outside (NYSE:DECK)](https://cillionairee.com/wp-content/uploads/https://cdn.benzinga.com/files/images/story/2024/04/11/Bangkok--Thailand---May-2021--Hoka-Runni.jpeg?width=1200&height=800&fit=crop)
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Truist Securities analyst Joseph Civello downgraded Deckers Outside Corp DECK inventory to Maintain from Purchase and minimize the worth goal to $864 from $983.
The analyst wrote that Truist Card Information indicated HOKA’s Direct-to-Client (DTC) development decelerated in mid-February and remained softer by March.
Consequently, the analyst lowered the section development forecast to 25% (to $190 million) from ~40% (to $210 million).
The analyst stated the current market reactions to slowing development have been extraordinarily unfavorable.
Civello lowered EPS estimates to $27.10 (from $27.15) for FY24, $29.85 (from $31.00) for FY25, and $34.15 (from $36.00) for FY26.
Traders can achieve publicity to the inventory by way of Invesco S&P MidCap Momentum ETF XMMO and Pacer Lunt MidCap Multi-Issue Alternator ETF PAMC.
DECK Worth Motion: Deckers Outdoor shares are up 0.24% at $812.08 Thursday at publication.
Photograph: HOKA footwear photograph by Nattawit Khomsanit by way of Shutterstock
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