UPDATE: Is the UGG Fad Finally Over? Analysts See Deteriorating Sales (DECK)
Tweet Send to a FriendGet Alerts DECK Hot Sheet
Price: $53.71 -2.08%
Rating Summary:
8 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
8 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade DECK Now!
(Updated - September 18, 2012 11:00 AM EDT)
Analysts are piling on the 'UGG is dead' trade and shares of Deckers Outdoor Corp. (NASDAQ: DECK) are suffering as a result.
Yesterday, Sterne Agee analyst Sam Poser said UGG sales are off to a slow start to the season and highlighted unheard-of sales popping up online. Today, analysts at OTR Global essentially echoed Sterne Agee's channel work.
OTR Global said UGG sales are underwhelming with poor demand in the summer and a sluggish start to boot season. The firm notes deterioration from the same period last year.
After falling 2 percent Monday, shares of DECK are down another 7 percent today.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analysts are piling on the 'UGG is dead' trade and shares of Deckers Outdoor Corp. (NASDAQ: DECK) are suffering as a result.
Yesterday, Sterne Agee analyst Sam Poser said UGG sales are off to a slow start to the season and highlighted unheard-of sales popping up online. Today, analysts at OTR Global essentially echoed Sterne Agee's channel work.
OTR Global said UGG sales are underwhelming with poor demand in the summer and a sluggish start to boot season. The firm notes deterioration from the same period last year.
After falling 2 percent Monday, shares of DECK are down another 7 percent today.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Crash in American Electric Power (AEP) & NextEra Energy (NEE) Adds to Jitters
- Topeka Capital Starts CEVA Inc. (CEVA) at Buy
- Topeka Capital Starts Diodes (DIOD) at Buy
Create E-mail Alert Related Categories
Analyst Comments, Trader TalkRelated Entities
Sterne Agee
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
