Why Deckers Stock Dropped Today

At less than 15x FCF, could Deckers stock still be a sell?Deckers Outdoor (DECK 3.20%) slipped 3.3% through 2:50 p.m. ET on Wednesday after two separate Wall Street analysts downgraded the shoemaker's stock today.In back-to-back reports, first Baird cut its rating on Deckers to neutral, then Piper Sandler downgraded Deckers to "underperform" (i.e., sell). Wall Street doubts Deckers todayQuoting from the Baird report, StreetInsider.com begins with some kind words about how Deckers might "achieve or exceed" ...