Deckers Outdoor 2H 2013 UGG business will be up, says Sterne Agee Sterne Agee said current UGG trends remain challenging but lower inventory levels and a better product for 2013 will lead to a material improvement in 2H 2013 sales and margins. The firm rates Deckers a Buy with a $65 price target.
Weather suggests weak end to quarter for footwear and apparel, says Canaccord Canaccord said the warm September weather suggests a weak end to Q3 for the footwear and apparel space. The firm believes Q3 estimates will be safe but expects softer guidance for Q4. Canaccord categorized its covered stocks into three risk buckets with regards to earnings risk, with Steve Madden (SHOO) and VF Corp. (VFC) in the low risk category, Deckers Outdoor (DECK) in the medium risk and Columbia Sportswear (COLM) in the high risk category.