|Bid||48.50 x 100|
|Day's Range||66.88 - 68.22|
|52 Week Range||44.00 - 72.72|
|PE Ratio (TTM)||380.45|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Activist investor Marcato Capital Management on Tuesday warned Deckers Outdoor Corp that it seeks to shake up management and the board by replacing all directors unless the footwear maker sells itself at an attractive price. In a letter to the board, the San Francisco-based hedge fund said Deckers management has long ignored shareholders' suggestions to improve performance and is worried that Deckers' current review to sell itself may not result in the best deal for shareholders. Marcato owns nearly 6 percent of Deckers, the maker of UGG boots and apparel, and is its fifth largest investor.
Fresh off a recent victory at Buffalo Wild Wings, Mick McGuire is ramping up his campaign at Deckers Outdoor Corporation, the parent company of Ugg.
Activist investor Marcato Capital Management issued an ultimatum to Uggs-maker Deckers Outdoor Corp. to sell itself for attractive valuation or face a fight for changes to the board.