Standpoint Research Upgrades Deckers Outdoor (DECK) to Buy

Standpoint Research upgraded Deckers Outdoor (NASDAQ: DECK) from Hold to Buy with a price target of $70, suggesting 29% upside.

The firm comments, "DECK shares have dropped by > 50% since Q4 2011 and are now trading at 2007 levels and just 1.35X sales … that is the lowest ratio in the group versus WWW, SHOO, CROX and NKE. When we combine this statistic with the fact that DECK also has one of the highest profit margins in the group, the valuation is quite attractive."

For an analyst ratings summary and ratings history on Deckers Outdoor click here. For more ratings news on Deckers Outdoor click here.

Shares of Deckers Outdoor closed at $55.01 yesterday.

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