Janney Capital analyst Eric Tracy reiterated a Buy rating and $100 price target on Deckers Outdoor (NASDAQ: DECK) telling clients to buy the confusion following Q2 results.

Tracy commented, "We recommend investors take advantage of the confusion following DECK's FQ2 print, based on: 1) FY15 EPS is essentially unchanged (despite timing shifts) and 2) likely conservative given pull forward setting up for potential increased reorders (retailers better positioned for holiday). Store comps warrant monitoring (-9% in 2Q), however believe the evolution of DTC helps offset. The focus now shifts to sell-through, however believe potential for upside exists (particularly should weather cooperate). We maintain our $100 FV (18x our FY16 EPS)."

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Shares of Deckers Outdoor closed at $79.80 yesterday.