30.05.2016 - We expect a decline of Deckers Outdoor despite the strong report for the 1st quarter
Deckers Outdoor reported a profit of 11 cents per share in the first quarter of this year. Revenues totaled 378.6 million, against analysts' forecast of 362.1 million dollars. Despite strong statistics, we forecast a decline in shares of the company against the general deterioration of the situation for retailers, the expected decrease in attendance of stores that will lead to a reduction in revenues and profits. In this regard, we expect a gradual fall in prices by 10-15% in the medium term.