Deckers Outdoor weakness creates buying opportunity, says Sterne Agee Sterne Agee believes that Deckers' mid-term operating margin goal of mid-teens isn't new, while the company's gross margin is likely to increase significantly more than 100 basis points. The firm still expects Deckers' FY14 EPS to beat the consensus estimate by a significant amount. It keeps a $110 price target and Buy rating on the shares.
Deckers Outdoor well positioned for strong Q3 finish, says Canaccord Canaccord believes Deckers Outdoor is well positioned for a strong Q3 finish, as its low quarter-to-date order cancellation rate bodes well for the company. The firm sees its weatherized boot category selling well, which supports the firm's belief that sales of Uggs are tracking ahead do guidance. Canaccord reiterated its Buy rating and $108 price target on Deckers Outdoor shares.