We recently published Trending Analyst Calls: Top 10 Stocks. Deckers Outdoor Corporation is one of the stocks analysts were recently talking about.
Stephanie Link, CIO at Hightower, recently explained in a program on CNBC why she is buying Deckers Outdoor shares. The analyst mentioned Deckers’ Hoka brand growth and market opportunities for expansion.
“I’m a big believer in Hoka myself personally, but the numbers speak for themselves. It’s growing Hoka about 20% and they’re guiding double-digit growth for the rest of the year for Hoka. UGG actually saw a massive snapback of 19% growth last quarter versus 3% the prior quarter. So they’re seeing brand momentum. That’s what I like to see in retail. They have great global opportunities to gain market share. International last quarter grew 50%. I think they’re just at the tip of the iceberg in terms of international momentum.”
Fidelity Growth Strategies Fund stated the following regarding Deckers Outdoor Corporation in its Q1 2025 investor letter:
“Underweighting shares of footwear and apparel maker Deckers Outdoor Corporation (NYSE:DECK) also notably helped. The stock plunged in January after the firm’s fiscal-year revenue forecast fell short of Wall Street analysts’ expectations. Despite reporting higher sales in its two crucial brands, UGG® and HOKA®, analysts were concerned about the company’s expansion capabilities amid declining sales in its largest market, the U.S., and other challenges.”
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This article is originally published at Insider Monkey.
