BUZZ-Deckers Outdoor falls after Piper Sandler downgrades to 'underweight' rating

Reuters01-07
BUZZ-<a href="https://laohu8.com/S/DECK">Deckers Outdoor</a> falls after Piper Sandler downgrades to 'underweight' rating

** Shares of Hoka parent Deckers Outdoor DECK.N down 4.1% at $103.01 premarket

** Piper Sandler downgrades stock to "underweight" from "neutral"; cuts PT to $85 from $100, representing nearly 21% downside from stock's last close

** With Deckers leaning more into discounts for both HOKA and UGG, Piper flags concerns that promotions may be "unhealthy" customer acquisition tool amid cooling athletic cycle

** "At almost 22% this year, DECK's profitability is well above athletic peers and could further reset as company continues to invest, especially in HOKA's brand awareness as it grows internationally," Piper says

** 14 of 27 brokerages rate stock "buy" or higher, 11 "hold" and 2 "sell" or lower; their median PT is $105.37 - data compiled by LSEG

** DECK shares down about 49% in 2025

(Reporting by Kanchana Chakravarty in Bengaluru)

((Kanchana.Chakravarty@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment