Deckers Outdoor Corp. (DECK)

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Why is Deckers Outdoor Corp. (DECK) Stock down?

We've noticed a 5.31% decline in Deckers Outdoor Corp. (DECK) stock during the 2024-04-25 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

10 Apr, 2024:

Deckers Outdoor Corp (DECK) stock declined by 6.65% following a downgrade by Truist Securities analyst Joseph Civello.

Downgrade Details: Civello downgraded Deckers from Buy to Hold and reduced the price target by 12% to $864 per share.
Reasons for Downgrade: The downgrade was primarily driven by concerns regarding the growth of Deckers' Hoka sportswear brand. Civello expressed worries that Hoka might only achieve 25% growth this year, significantly lower than the 40% year-over-year growth he had previously estimated.