Why the Stock Price of the Maker of Hoka and Ugg Footwear Plunged Friday | Global News Avenue

Outdoor deck (deck) The stock plummeted on Friday, although the shoe maker reported the sales performance in the last quarter Analyst’s estimationEssence

Companies selling HOKA, UGG and TEVA shoes told investors on Thursday night that the company did not see the most popular requirements for their shoes. Nevertheless, in the concerns of investors in demand trends, in the trading on Friday afternoon, the stock of the exhaust vehicle fell 19 %.

This shoe company said that the fiscal sales in the third quarter reached a record 1.83 billion US dollars, an increase of 17 % Year -on -year And 1.73 billion US dollars of analysts higher than VisidalPha are estimated. DECKERS reports the $ 3 of each share as of December 31st, and Visidalpha’s investigation analyst estimates that the company will have $ 2.60 US dollars EPSEssence

DECKERS has increased the sales prospects for the whole year

Decker is now expected to increase by 15 % (than 12 %), and reaches $ 4.9 billion in the entire accounting year. CFO Steven Fasching said at a tax call meeting on Thursday that the transcripts provided by Alphaense. He said that the deck will not expect UGG or shackles In the last quarter, they lost attention after the year -on -year increase of about 16 % and 24 %.

Fasching said on the phone: “The demand for these brands is still incredible.”

UBS said that investors are concerned about “dislocation place”

UBS analysts wrote in the bills on Friday that the callback has the opportunity to buy DECKERS shares. Investors may worry that HOKA is slowing down, and UGG cannot repeat its strong results, but the report says that these concerns are “dislocated”.

UBS said: “Hoka has a powerful new product channel,” Ubud called UGG “one of the most powerful casual shoe brands in the world”. Real four seasons “brand.

UBS raised it Price goal Starting from $ 267 to $ 284. The premium of the new goal is higher than the current price of the stock.

Even in the selling on Friday, the stock has risen 45 % over the past 12 months, and it is easy to exceed the Standard 500 Index during this period.