Sterne Agee Reiterates Buy On Deckers Outdoor Shares
In a research report issued yesterday, Sterne Agee analyst Sam Poser reiterated a Buy rating on Deckers Outdoor (NYSE:DECK). No price target was provided.
Poser noted, “2Q15 results vastly exceeded expectations. Guidance is vastly understated. UGG sales are setting up to be well above the increased guidance. There is upside to both guidance and our estimates for the balance of the fiscal year. Given the strong spring 2015 product offerings. the 4Q15 revenue guidance is way too low. Raising FY15 and FY16 EPS estimates from $5.00 and $5.95 to $5.08 and $5.98.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Sam Poser has a total average return of 16.7% and a 68.4% success rate. Poser has a 38.9% average return when recommending DECK, and is ranked #42 out of 3343 analysts.