Auriga Maintains Buy, $125 Target on Deckers Outdoor

Auriga reiterates its Buy rating and $125 target price on Deckers Outdoor (NASDAQ: DECK) as checks point to strong sell through.

Auriga says, “Following a recent round of channel checks at several local Nordstrom stores (JWN-NR), we are incrementally more bullish on DECK. Sell through rates for UGG appear high and consumer interest was strong in both classic UGG boots and new styles. In the Nordstrom stores visited, UGG's three displays were centered in the front of the ladies footwear department with high visibility for all traffic in and out of the store”

DECK closed at $104.02 per share on Friday.