Market Overview

UPDATE: Sterne Agee Reduces PT to $32 on Decker Outdoor on Risk

Share:
Related DECK
Mid-Afternoon Market Update: Tableau Software Climbs After Strong Q4 Results; FireEye Shares Plummet
18 Biggest Mid-Day Losers For Friday
Marcato Targets Restructuring Retailer Deckers Outdoor (Seeking Alpha)

Sterne Agee reiterated its Underperform rating on Decker Outdoor (NASDAQ: DECK) and reduced the price target from $38 to $32.

Sterne Agee commented, "We believe the UGG brand is at risk and the DECK stock has further downside. NPD data illuminate weakness and our channel checks indicate other pressures. Lowering our PT from $38 to $32 and lowering our '12/'13 EPS estimates from $3.97/$4.37 to $3.49/$3.62. Our new estimates may not have captured the entire downside risk, especially in 2013 if inventory levels remain excessive."

Decker Outdoor closed at $37.51 on Monday.

Latest Ratings for DECK

DateFirmActionFromTo
Feb 2017SusquehannaUpgradesNegativeNeutral
Feb 2017Evercore ISI GroupDowngradesBuyHold
Jan 2017BuckinghamUpgradesNeutralBuy

View More Analyst Ratings for DECK
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (DECK)

View Comments and Join the Discussion!