From Yahoo Finance: 2025-05-26 23:00:00

Analysts at KeyBanc Capital Markets downgraded Deckers Outdoor Corporation (NYSE: DECK) from “Overweight” to “Sector Weight” after better than expected Q4 2025 earnings, citing concerns about HOKA brand’s sales performance and competitive position. The emphasis on wholesale door growth and price increases also contributed to the downgrade.

Despite Deckers Outdoor Corporation’s successful performance, worries persist about the HOKA brand’s competitive position and ability to maintain market share. KeyBanc anticipates limited upside for DECK in the near term due to concerns about the brand’s growth momentum and market dynamics.

Deckers Outdoor Corporation is involved in designing, marketing, and distributing footwear, apparel, and accessories for casual lifestyle use and high-performance activities. The company’s focus on wholesale door growth and price increases may impact short-term prospects, leading to a downgrade from KeyBanc Capital Markets.

KeyBanc Capital Markets downgraded Deckers Outdoor Corporation’s stock due to concerns about the HOKA brand’s sales performance and competitive position. The company’s emphasis on wholesale door growth and potential negative impacts of price increases on demand were also cited as factors contributing to the downgrade.

Read more: KeyBanc Downgrades Deckers Outdoor (DECK) Stock to Sector Weight