Deckers Outdoor Corp (DECK) Tops Q3 EPS by 24c; UGG Sales Up 1.3%
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Solid Qtr Leaves Bullish Thesis on Deckers Outdoor (DECK) Intact - Janney
October 25, 2013 6:47 AM EDTJanney Capital reiterated a Buy rating and $75 price target on Deckers Outdoor (NASDAQ: DECK) following a solid Q3 beat, with DTC/Int'l and margin recovery support improving FY14 fundamentals.
Analyst Eric Tracy comments, "We remain constructive in shares of DECK on the heels of a better-than-expected 3Q print, as we believe our margin recovery thesis, augmented by improving year-round offering and DTC/Int'l growth, is largely intact. Inventories (-12% Ugg brand... More
