Shares of company that makes Hoka sneakers, Ugg boots surge past $1,000

Hoka's net sales jumped 34% in the fourth quarter, contributing nearly 56% to Deckers' revenue, while those of UGG were up 14.9%. UGG accounted for nearly 38% of its overall sales. Those strong sales figures prompted at least 14 analysts to raise their price targets on the stock. Upstart brands such as On Holdings and Deckers Outdoor have been able to sustain demand as wholesale retailers open their shelf spaces to their innovative products at a time when giants such as Nike and Adidas are taking a hit. The ...