** Shares of Hoka-parent Deckers Outdoor DECK.N jump 11% at $116.52 premarket

** Footwear and apparel co topped analysts' estimates for Q1, boosted by demand in Europe, China

** DECK expects Q2 net sales in the range of $1.38 billion to $1.42 billion vs analysts' forecast of $1.40 billion, according to data compiled by LSEG

** EPS to be in the range of $1.50 to $1.55 vs analysts' estimate of $1.55 per share

** "We believe the global growth opportunity still offers significant market share potential for both HOKA and UGG", analysts at Barclays said** Peer On Holding ONON.N shares also rise; last up ~5%

** YTD, DECK down ~48%

(Reporting by Joel Jose in Bengaluru)

((joeljose@thomsonreuters.com;))