Jefferies 'starting to kick tires again' on Deckers Outdoor Jefferies says it is "starting to kick the tires again" on shares of Deckers Outdoors after the company launched tween brand I Heart UGG. The firm views the brand as a $100M-$200M potential revenue opportunity. It keeps a Hold rating on shares of Deckers, but says the stock is starting to look more attractive.
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.