Wunderlich Securities Sees Deckers Outdoor Corp On Track For Solid Quarter

In a report published Wednesday, Wunderlich Securities analyst Danielle McCoy reiterated a Buy rating and $121.00 price target on

. In the report, Wunderlich Securities noted, “We are reiterating our Buy rating, $121 price target, and maintaining our FY15 and FY16 estimates with Deckers Outdoor (DECK), scheduled to report 2QFY15 earnings results on Thursday, October 23rd after the close. We believe UGG remains a dominant luxury and highly desired brand, and expanded assortments and adjusted prices on Fall styles drove strong sell-through and market share gains across all channels during 2Q. In addition, with inventories well-positioned, international penetration deepening and d-t-c expanding, we believe Deckers is on track for double-digit top- and bottom-line growth in FY15 and beyond. With shares of DECK declining ~13% over the past two weeks, we would use the weakness as an optimal buying opportunity.” Deckers Outdoor Corp closed on Tuesday at $86.85.