Deckers Outdoor (DECK) Inventory High According to Checks by Canacord

July 18, 2013 8:57 AM EDT
Get Alerts DECK Hot Sheet
Price: $59.50 -2.43%

Rating Summary:
    16 Buy, 16 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Canaccord Genuity today maintained a Hold rating on Deckers Outdoor (NASDAQ: DECK) with a price target of $53.00. Analyst Camilo Lyon sees a larger Q2 loss as a result of weak sandal sales. The analyst also thinks Q3 EPS and inventory could disappoint, as check show inventory levels remain high. This could cause some analysts to cut Q3 estimates. Deckers reports results on July 25th.

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 $57.75 yesterday.

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