Deckers stock tumbled after strong results, but Nike may benefit from potential recovery
From Nasdaq: 2025-05-31 04:35:00
Deckers (NYSE: DECK) stock tumbled after publishing fiscal fourth-quarter results that beat expectations but came with disappointing guidance. Revenue increased by 6.5% year over year to $1.02 billion, with Ugg brand sales up 3.6% and Hoka sales growing by 10%. Deckers projected 9% revenue growth for the fiscal 2026 first quarter but expects a decline in earnings per share due to various factors. Nike (NYSE: NKE) has been losing market share to Deckers, but recent signs suggest a potential recovery in running sales for Nike, with Hoka’s growth slowing down. Jefferies analyst believes Nike is making a comeback and gives it a buy rating with a price target of $115.
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Read more at Nasdaq: Is Deckers’ Pain Nike’s Gain? 1 Wall Street Analyst Thinks So.
