Deckers Outdoor upgraded to Neutral from Underperform at Credit Suisse Credit Suisse upgraded Deckers citing robust Q4 results and guidance. The firm said recent investments, inventory discipline, tailwinds from the Hoka One One acquisition and better than feared UGG results will sustain double-digit earnings growth. Price target raised to $82 from $61.
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.