Piper remains a buyer of Deckers Outdoor following meetings After spending two days with management, Piper Jaffray says it remains a buyer of Deckers Outdoor shares. Piper believes its Q1 DTC estimates could prove conservative and it expects shares to move higher as the company's growth recovers this year. It has an Overweight rating on the stock with a $96 price target.
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.