Deckers hiked its outlook, but the stock is tumbling after a sizable run higher
Portfolio Pulse from
Deckers Brands reported increased sales for its Ugg and Hoka footwear brands in the third quarter and raised its outlook. Despite this positive news, the stock is experiencing a decline after a significant previous run-up.
January 30, 2025 | 10:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Deckers Brands reported strong sales growth for its Ugg and Hoka brands in Q3 and raised its outlook. However, the stock is declining, likely due to profit-taking after a significant prior increase.
Despite positive sales growth and an improved outlook, the stock is falling, which suggests that investors might be taking profits after a previous rally. This is a common market reaction when stocks have run up significantly before earnings announcements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100