UPDATE: Tigress Financial Partners Reiterates On Deckers Outdoor

Tigress Financial Partners reiterated its Strong Buy rating on Deckers Outdoor Corp DECK.

According to analyst Ivan Feinseth, Deckers "continues to demonstrate its leadership in retail by embracing an Omni-Channel strategy and strong Direct-to-Consumer model."

Feinseth noted that "negative results from eBay and Wal-Mart last week confirmed that retail remains challenged by a struggling consumer handcuffed by lower wage growth; however, DECK remains one of the most attractive companies in the segment."

"Return on Capital (ROC) has been trending lower in the last two years but we project it will rebound to 12.4 percent over the next twelve months, an improvement of 11 percent," according to the report.

Feinseth strongly believed "in management’s vision for the company with an emphasis on innovation and operational efficiency. Management has made critical capital expenditures over the last year to improve product presentation and store efficiency which we view favorably given their high Return on Capital of 10.8 percent."

Deckers Outdoor Corp recently traded at $88.84, up 1 percent.