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Hoka Parent Heads for Worst Day in 13 Years
DECKDeckers(DECK) Schaeffers Investment Research·2025-05-23 15:32

Core Viewpoint - Deckers Outdoor Corp (NYSE: DECK) has experienced a significant decline of 20.2%, trading at 100.67,afterthecompanyrefrainedfromprovidingafull−yearforecastduetoeconomicuncertainty[1].FinancialPerformance−Despitebetter−than−expectedfiscalfourth−quarterresults,Deckershasfacedaseriesofprice−targetcutsanddowngradesfromanalysts,withKeybancloweringitsratingto"sectorweight"from"overweight"andTelseyAdvisorydowngradingto"marketperform"from"outperform"[2].−UBS,incontrast,raiseditspricetargetforDeckersto100.67, after the company refrained from providing a full-year forecast due to economic uncertainty [1]. Financial Performance - Despite better-than-expected fiscal fourth-quarter results, Deckers has faced a series of price-target cuts and downgrades from analysts, with Keybanc lowering its rating to "sector weight" from "overweight" and Telsey Advisory downgrading to "market perform" from "outperform" [2]. - UBS, in contrast, raised its price target for Deckers to 169 [2]. Stock Performance - The current drop positions Deckers for its worst trading day since April 2012, with shares hitting a new 52-week low of $100.70 and reflecting a year-to-date deficit of 50.7% [3]. - Options trading has surged, with 46,000 calls and 29,000 puts traded, which is ten times the typical options volume for this period. The most active option is the weekly 5/30 102-strike call, with new positions being opened [3]. Volatility and Options - The stock's Schaeffer's Volatility Scorecard (SVS) is 97 out of 100, indicating that it has historically outperformed options traders' volatility expectations [4].