Deckers Stock Stoops Lower After Downgrades

Core Viewpoint - Deckers Outdoor Corp's shares have declined by 2.7% to $104.54 following downgrades from Piper Sandler and Baird, raising concerns about the company's growth prospects [1][2]. Group 1: Stock Performance - The stock has increased by 30% from its three-year low of $78.91 on November 5, but remains down approximately 50% year over year [2]. - Shares have found support at the 20-day moving average and have closed higher in six of the last eight trading sessions [2]. - The long-term 200-day trendline has been breached, indicating potential challenges ahead [2]. Group 2: Analyst Ratings - Piper Sandler downgraded Deckers from "neutral" to "underweight," lowering the price target from $100 to $85 [1]. - Baird also downgraded the stock from "outperform" to "neutral," citing concerns regarding the growth narrative of HOKA, a brand under Deckers [1]. Group 3: Options Market - The stock's Schaeffer's Volatility Index (SVI) is at 48%, indicating that near-term option traders are pricing in relatively low volatility expectations compared to the past year [3]. - Deckers' Schaeffer's Volatility Scorecard (SVS) is at a high of 99, suggesting that the stock has historically exceeded option traders' volatility expectations over the past year [3].