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Hedge fund Marcato Recommends Overhaul to Double Deckers Stock

reuters.com

BOSTON, Oct 4 (Reuters) - Hedge fund Marcato Capital Management, which owns nearly 6 percent of Deckers Outdoor Corp , said shares in the maker of UGG boots could more than double by 2020 if it sells off pieces of its footwear business, buys back shares and overhauls executive compensation. The shares could trade somewhere between $135 and $158 per share by 2020, according to a presentation by Marcato’s founder Mick McGuire for the Sohn San Francisco Conference which was seen by Reuters...

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