Market Overview

Sterne Agee Says Buy the Dip in Deckers Shares

Share:
Related DECK
Watch These 3 Huge Call Purchases In Wednesday Trade
Activists Gonna Activate: Hedge Funds Send Letters To Acorda, Taubman Centers Boards

Sterne Agee's Sam Poser (the analyst who might have caused a sharp move higher in the stock on Dec. 27th) is recommending investors buy the weakness in shares of Deckers Outdoor (NASDAQ: DECK) Wednesday.

After gapping higher, Deckers shares are now down nearly 5 percent to around $38.28.

Poser said sales of UGG were "materially less worse" than expected over the last two weeks in December. He also pointed to UGG inventory levels which were down noticeably from the same period last year.

Sterne Agee maintains a Buy rating and $65 price target on shares of Deckers.

Prior to Wednesday's move lower, Deckers shares had been up more than 16 percent since Poser's note last week.

Latest Ratings for DECK

DateFirmActionFromTo
Aug 2017Morgan StanleyMaintainsEqual-Weight
Jun 2017BuckinghamDowngradesBuyNeutral
Apr 2017WedbushInitiates Coverage OnNeutral

View More Analyst Ratings for DECK
View the Latest Analyst Ratings

Posted-In: Analyst Color Analyst Ratings Movers

 

Related Articles (DECK)

View Comments and Join the Discussion!
Loading...
Loading...