UBS Retains Its Buy Rating and $158 Price Target for Deckers Outdoor Corporation (DECK)

Core Viewpoint - Deckers Outdoor Corporation (NYSE: DECK) is highlighted as a strong investment opportunity due to significant hedge fund interest and a solid return on equity, making it one of the safest stocks to invest in currently [1]. Group 1: Investment Ratings and Price Targets - UBS has maintained a Buy rating for Deckers Outdoor Corporation with a price target of $158, citing the stock's growth potential and current undervaluation [2]. - UBS estimates that Deckers can achieve modest double-digit sales growth, which could elevate its price-to-earnings ratio from 15x to over 20x [3]. Group 2: Financial Performance - Deckers reported Q1 fiscal 2026 sales of $965 million, exceeding Wall Street expectations by over $60 million, along with an earnings per share (EPS) that surpassed expectations by 21% [4]. Group 3: Business Overview - Deckers Outdoor Corporation operates through its subsidiaries, producing and selling clothing, accessories, and footwear for both performance and lifestyle activities globally [5].