Core Insights - Deckers Outdoor Corp has been upgraded to "Outperform" by KGI Securities, with the stock priced at $99.90 [1] Financial Performance - Deckers reported a 7% increase in revenue, reaching $1.96 billion, driven by the HOKA and UGG brands [2][5] - HOKA's revenue surged by 18% year-over-year, benefiting from balanced growth across direct-to-consumer and wholesale channels [2] - UGG achieved a record revenue of $1.3 billion, marking a 5% increase from the previous year [2] - The company achieved a gross margin of 59.8%, surpassing expectations due to high levels of full-price selling [3][5] - Deckers raised its full-year revenue expectations to a range of $5.4 billion to $5.425 billion [3][5] Stock Performance - DECK's stock is currently priced at $99.90, experiencing a 2.34% increase with a change of $2.28 [4] - The stock has fluctuated between a low of $97 and a high of $100.26 today [4] - Over the past year, DECK has seen a high of $198.65 and a low of $78.91 [4] - The company's market capitalization is approximately $14.82 billion, with a trading volume of 5.75 million shares [4]