On May 22, Deckers Outdoor fell 5.48% in after-hours trading, trading at $97.0/share, with trading volume of $8.87 million.

The company reported fourth-quarter earnings of $0.96 per share, beating the analyst consensus estimate of $0.83 by 15.66%, while revenue of $1.119 billion also surpassed the expected $1.093 billion. However, EPS declined 4% year-over-year from $1.00 in the same period last year, indicating marginal erosion in profitability despite the headline beat.

The selloff was driven by profit-taking as the YoY earnings decline raised concerns about growth momentum. Notably, the stock had already recovered in prior sessions following Piper Sandler's upgrade from underweight to neutral with a price target raised to $100 from $95, leaving limited upside cushion heading into the report. The combination of stretched positioning and mixed earnings signals prompted investors to lock in gains.

Deckers Outdoor owns the HOKA and UGG brands, designing and distributing footwear, apparel, and accessories through retail, distribution, and direct-to-consumer channels globally.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)