Jefferies Previews DECK 1Q11 Results

“We continue to like Deckers Outdoor Corp. DECK for its growing lifestyle appeal and multi-pronged international/retail distribution strategy,” Jefferies wrote in a report this morning. “We feel good heading into 1Q11 as trends appear encouraging at both UGG (broader spring collection) and Teva (new product, reinvigorated brand) with the expectation that a beat on the quarter will flow-through to FY11 EPS. A cash catalyst is also on the horizon as management seeks to put its $11/share to work.” Deckers Outdoor closed Wednesday at $95.76.