Stifel advises buying the dips on Deckers Outdoor

|About: Deckers Outdoor Corporation (DECK)|By:, SA News Editor

Stifel Nicolaus thinks investors should buy into Deckers Outdoor (NASDAQ:DECK) as the shoe stock sees volatile trading this quarter. Shares fell almost 5% yesterday due to a less-than-stellar results from Shoe Carnival. In particular, weak boot sales from SCVL rattled Deckers investors.

The investment firm sees "low-hanging fruit for margin improvement" and was impressed by the Deckers product review last night in NYC.

Stifel has a Buy rating and $68 price target on Deckers.

Previously: Promotions warning from Shoe Carnival resonates across sector (Nov. 29)