Street keeps outdoor lines on buy list

Footwear stocks for 1993 reveal heady gains for the rugged outdoor segment, due mainly to the surge in earnings by Timberland Co. Timberland is expected to end the year with $2.10 a share, an increase from $1.18 in 1992. For 1994, analysts believe that the rugged outdoor sector will improve further. In the meantime, the athletic footwear market is expected to post modest gains due to a maturing market.
NEW YORK (FNS) -- Wall Street sees the rugged outdoor category -- defined in large part, they said, by The Timberland Co. -- continuing to produce heady gains in 1994 [...]