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Piper Jaffray Remains Sidelined as Deckers Outdoor (DECK) Plans Store Closings
February 5, 2016 7:10 AM ESTPiper Jaffray reiterated a Neutral rating on Deckers Outdoor (NASDAQ: DECK), and cut the price target to $47.00 (from $52.00), following the company's 3Q earnings report. EPS was better than estimated, coming in at $4.78 vs. Piper Jaffray's $4.48 estimate. Tax rates significantly aided the beat, while sales and gross margins underperformed. Q4 guidance implies $0.07 in EPS vs. $0.22 estimates. On the call, very... More
