BUZZ-Deckers Outdoor drops after it scraps annual forecast

Reuters

2025/05/23

** Shares of Hoka-owner Deckers Outdoor DECK.N slump 16.13% to $105.75 pre-market

** Co said it would not provide annual targets due to tariff-related economic uncertainty

** It forecast Q1 net sales below estimates** Direct-to-consumer sales are expected to be pressured in FY26 Q1 but accelerate thereafter, says Piper Sandler

** Avg rating of 23 brokerages is equivalent to "buy," median PT is $130 - as per data compiled by LSEG

** DECK slumps ~38% YTD through Thursday

(Reporting by Joel Jose in Bengaluru)

((mailto: joeljose@thomsonreuters.com;))

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