Auriga Reiterates a 'Buy' on Deckers Outdoor (DECK); Looks Like a Second Half '12 Story - Rewarding Patient Investors
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Price: $54.85 +0.68%
Rating Summary:
8 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
8 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade DECK Now!
Auriga reiterates a 'Buy' on Deckers Outdoor (NASDAQ: DECK) price target of $100.00.
Analyst, Claire Gallacher, said, "We are forecasting a relatively inline Q1 as cost pressures are projected to limit EPS upside in the near term. Inventory is expected +80% in Q1 but the inventory growth rate is expected to drop sequentially during 2012 as carry-over product is sold through. As the second half nears, we expect investor interest could increase as more than 100% of full year earnings are projected to be derived during Q3-Q4. Additionally, we expect cost pressures to mitigate somewhat in 2013; therefore, we believe DECK has the potential for strong EPS growth going forward."
For an analyst ratings summary and ratings history on Deckers Outdoor click here. For more ratings news on Deckers Outdoor click here.
Shares of Deckers Outdoor closed at $62.97 yesterday, with a 52 week range of $61.76-$118.90.
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Analyst, Claire Gallacher, said, "We are forecasting a relatively inline Q1 as cost pressures are projected to limit EPS upside in the near term. Inventory is expected +80% in Q1 but the inventory growth rate is expected to drop sequentially during 2012 as carry-over product is sold through. As the second half nears, we expect investor interest could increase as more than 100% of full year earnings are projected to be derived during Q3-Q4. Additionally, we expect cost pressures to mitigate somewhat in 2013; therefore, we believe DECK has the potential for strong EPS growth going forward."
For an analyst ratings summary and ratings history on Deckers Outdoor click here. For more ratings news on Deckers Outdoor click here.
Shares of Deckers Outdoor closed at $62.97 yesterday, with a 52 week range of $61.76-$118.90.
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