Deckers Outdoor weakness a buying opportunity, says Sterne Agee Sterne Agee's checks indicate Deckers' UGG sales improved over the last two weeks of December and that inventory levels at retail are below last year. The firm reiterates its Buy rating and recommends buying on weakness.
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Deckers Outdoor price target raised to $91 from $81 at Canaccord Canaccord's industry checks indicate UGG wholesale sales accelerated in recent weeks and suggests reorders are outpacing cancellations by a large margin. The firm raised its UGG wholesale sales comp growth estimate to +5% and retail sales comp growth estimate to +7%. Shares are Buy rated with a $91 price target, up from $81.