Deckers Outdoor should be bought on sell-off, says Piper Jaffray Piper Jaffray recommends buying shares of Deckers Outdoor after the company's weaker than expected FY14 outlook brought a sell-off in the stock. Piper believes a "high level of conservationism" is factored into the guidance and maintains an Overweight rating on the stock with a $96 price target.
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.