Deckers Outdoor (DECK) Estimates Raised, PT Up to $110 at Sterne Agee Post Q1

Sterne Agee analyst Sam Poser raised estimates and his price target on Buy-rated Deckers Outdoor (NASDAQ: DECK) to $110.00 (from $95.00) following Better than expected Q2 results and a conservative outlook.

Poser comments, "Products across brands and categories are gaining momentum. DECK is set up well for the future. DTC outperformed driven by SSS in Asia and global e-commerce. Inventories are well positioned for the balance of the year. Guidance provided is too conservative following 1Q15 beat. Upside to come from revenue and GM upside."

The firm is raising FY15/FY16 EPS estimates from $4.84/$5.76 to $5.00/$5.95.

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 $79.80 yesterday.

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