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 sees Q2 EPS $1.05, consensus $1.22 The Company expects second quarter fiscal 2016 constant currency revenues to be up approximately 5.0% over the same period last year and up approximately 1.0% on a reported basis. Consensus is $507.63M.