• Deckers Outdoor Corp (NYSE:DECK) was downgraded by Telsey Advisory from "Outperform" to "Market Perform" despite surpassing Q4 revenue and earnings expectations.
• The company reported a Q4 revenue of $1.02 billion and earnings per share of $1, indicating a robust financial performance.
• Deckers projects Q1 revenue between $890 million and $910 million, below market estimates, amidst leadership changes and global trade challenges.

Deckers Outdoor Corp (NYSE:DECK), a prominent player in the footwear and apparel industry known for its HOKA and UGG brands, experienced a rating downgrade from "Outperform" to "Market Perform" by Telsey Advisory on May 23, 2025, as reported by Benzinga. This came after the announcement of DECK's Q4 results, with the stock price at $101.36.

Despite the downgrade, Deckers showcased a strong financial performance in the fourth quarter of fiscal 2025. The company achieved a revenue of $1.02 billion, slightly above the market's expectation of $1.01 billion. Furthermore, its earnings per share were $1, significantly outperforming the forecasted 59 cents per share. This performance underscores Deckers' capability to exceed market expectations.

Stefano Caroti, President and CEO, expressed optimism about the future of Deckers' brands, HOKA and UGG, despite facing global trade challenges. The company also witnessed a leadership transition, with Cynthia Davis taking over as board chair from Michael Devine, who retired after 14 years. This marks a new era in Deckers' leadership.

Looking forward, Deckers anticipates first-quarter revenue to be between $890 million and $910 million, which is below the market estimate of $925.86 million. The company also expects earnings per share to range from 62 cents to 67 cents, below the anticipated 81 cents. Due to macroeconomic uncertainty, Deckers has decided to withhold full-year guidance.

Currently, DECK's stock is priced at $101.53, reflecting a 19.48% decrease with a change of $24.56. The stock has seen fluctuations between $96.12 and $102.87 during the day. Over the past year, DECK reached a high of $223.98 and a low of $93.72. The company's market capitalization stands at approximately $15.41 billion, with a trading volume of 16 million shares.