Deckers Outdoor Corporation (NYSE: DECK), known for its popular Hoka brand, is seeing its stock soar 5.02% in pre-market trading on Tuesday. This rebound comes after a sharp 20% decline on Friday following the company's fourth quarter earnings report and decision to scrap its annual targets due to tariff worries.

The significant upturn in Deckers' stock price appears to be part of a broader market recovery, with U.S. stock futures trading higher across the board. Investors seem to be reassessing the impact of potential tariffs on the footwear company's business outlook, leading to a partial recovery of Friday's losses.

While the company's decision to withdraw its annual targets due to tariff concerns initially spooked investors, the current rebound suggests that some market participants view the sell-off as overdone. However, it's worth noting that the stock is still trading well below its levels before the earnings announcement, indicating that concerns about the impact of tariffs on Deckers' business persist.