Footwear Stock Surges on Strong Hoka Sales
Deckers(DECK) Schaeffers Investment Research·2024-10-25 22:41
Shares of Deckers Outdoor Corp (NYSE:DECK) are surging today, after the footwear name posted betterthan-expected fiscal second-quarter earnings and revenue and raised its full-year guidance. Strong demand for the company's Hoka brand gave results a boost, and no fewer than six analysts lifted their price targets after the event. At last glance, Deckers Outdoor stock was up 12.2% at $170.63, on track for its fifth-straight quarter of postearnings gains. Now trading at its highest levels since mid-June, the U ...