Deckers Outdoor drops after it scraps annual forecast
ReutersMay 23, 2025 9:22 AM
Shares of Hoka-owner Deckers Outdoor DECK.N slump 16.13% to $105.75 pre-market
Co said it would not provide annual targets due to tariff-related economic uncertainty
It forecast Q1 net sales below estimates
Direct-to-consumer sales are expected to be pressured in FY26 Q1 but accelerate thereafter, says Piper Sandler
Avg rating of 23 brokerages is equivalent to "buy," median PT is $130 - as per data compiled by LSEG
DECK slumps ~38% YTD through Thursday
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