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 recent pullback overdone, says Citigroup Citigroup views the 18% pullback in shares of Deckers Outdoor since mid-December as overdone. Citi continues to believe UGG is better positioned versus fashion footwear peers. It lowered its price target for shares to $95 from $105 to reflect reduced multiples in the space as well as currency headwinds. Citi keeps a Buy rating on Deckers.
Deckers Outdoor appoints David Lafitte as COO Deckers Brands announced the appointment of David Lafitte to COO, effective February 2. Lafitte previously served as the company's general counsel. He replaces Zohar Ziv, who retired from the company on January 16.