On July 24, Deckers Outdoor fell 5.31% in pre-market trading, trading at $91.19/share, with turnover of $4.32 million. The decline was triggered by the company's full-year earnings guidance falling short of market expectations, compounded by a broker downgrade in target price.

Deckers Outdoor reported Q1 FY2027 results after the prior session's close. While quarterly EPS of $0.94 beat the FactSet consensus estimate of $0.87-$0.88 by approximately 8%, the company issued full-year FY2027 EPS guidance of $7.35 to $7.50, with the midpoint of $7.425 falling below the FactSet consensus range of $7.49 to $7.52. The company also maintained its annual revenue forecast unchanged, raising concerns about the pace of forward growth. Additionally, Goldman Sachs lowered its price target on the stock from $93 to $86 while maintaining a Sell rating, further intensifying pre-market selling pressure. The stock had already declined over 5% during the prior regular session amid broad weakness across the footwear sector.

Deckers Outdoor is a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, with key brands including HOKA, UGG, and Teva, sold through wholesale and direct-to-consumer channels.

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