Deckers Stock Pops on Quarterly Beat, Strong Outlook

Core Insights - Deckers Outdoor Corp (NYSE:DECK) shares increased by 15.1%, trading at $114.97 after reporting a fiscal third-quarter earnings per share of $3.33 and revenue of $1.96 billion, along with raised annual sales and profit forecasts [1] - Eight analysts raised their price targets for Deckers, with UBS setting a target of $161, up from $157 [1] Analyst Ratings - The majority of analysts remain bearish on Deckers, with 16 out of 26 rating it a "hold" or worse, while the 12-month consensus price target is $124.15, representing a 7.6% upside from current levels [2] - Despite the recent surge, Deckers shares are down approximately 11% over the past nine months [2] Options Activity - Today's options activity shows 8,000 calls traded, which is ten times the typical volume, compared to 8,430 puts, indicating significant interest in call options [3] - The most active contract is the expiring weekly 1/30 115-strike call, with new positions being opened [3] - Deckers' Schaeffer's Volatility Scorecard (SVS) is at a high 99 out of 100, suggesting it has historically exceeded option traders' volatility expectations over the past year [3]