Reported about 4 hours ago
Deckers Outdoor's stock fell nearly 20% on Friday, leading the S&P 500 decliners, despite reporting third-quarter earnings that exceeded analysts' expectations. The maker of Hoka, Ugg, and Teva footwear saw record sales of $1.83 billion, which is a 17% increase year-over-year. Concerns about declining demand for its brands led to investor apprehension, although some analysts, like those from UBS, believe these worries are misplaced and view the stock's decline as a buying opportunity.
Source: YAHOO