Deckers Outdoor price target raised to $60 from $50 at Jefferies Jefferies believes the drop in temperatures in January likely provided a buying catalyst for Deckers Outdoor's UGG brand. The firm expects the company's trends to stabilize and inventories to come under control after the holiday quarter. Jefferies raised its earnings estimates for Deckers Outdoor, upped its price target for shares to $60, and says its conviction in the name has never been higher. The firm keeps a Buy rating on the stock.
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.