Deckers Outdoors (DECK): Stay Away Into EPS - Piper Jaffray

PiperJaffray analyst, Erinn Murphy, thinks investors should stay clear of Deckers Outdoor (NYSE: DECK) when it reports and offers annual guidance on Thursday, May 26 after the close. The lack of visibility around inventories (up 26% Y/Y in Q3) and a number of moving parts, including the closing of 15% of the store fleet and the transition from the Classic I to the Classic II, leave her cautious on the near-term outlook.

Keys to look for:

Consensus EPS of $0.06, FY17 guidance and and more detail around the planned store closures.

The firm maintained a Neutral rating and price target of $47 on DECK.

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 $49.63 yesterday.

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