Deckers Outdoor options active following renewed takeover chatter Deckers Outdoor December 42 and 50 calls are active on total put volume of 2,800 contracts (1,600 puts). December call option implied volatility is at 56, January and March is at 59; compared to its 26-week average of 54 according to Track Data. Active option volume suggests traders are positioning for price movement following renewed takeover speculation.
Deckers Outdoor thesis remains 'very much intact,' says Jefferies Jefferies says its thesis on Deckers Outdoor shares remains "very much intact" following news that Connie Rishwain plans to step down as President of UGG. The firm views the current multiple as compressed and sees a "compelling" risk/reward at current share levels. It reiterates a Buy rating on Deckers with a $110 price target.
Deckers Outdoor says President of UGG to step down Deckers Brands announced last night that Connie Rishwain, President of UGG and Fashion and Lifestyle Brands has notified the company of her plans to step down in order to spend more time with her family and pursue other interests.