Kernan reiterated a Buy rating and raised his price target on the shares to $154 from $147 in a note Friday. He noted that management was particularly upbeat about Ugg and Hoka product pipelines through spring 2026, and expects high sell-through and re-orders to drive wholesale performance into the second half of the year.

Powered by double-digit sales in its HOKA and UGG brands, both of which easily offset a 19% drop in the company’s other brands, Deckers Brands ( NYSE: DECK) realized a 17% gain in total sales, comfortably exceeding both the company’s and Wall Street’s expectations.

US footwear company Deckers Brands recorded a robust start to fiscal year 2026, with its HOKA and UGG brands surpassing expectations in the first quarter (Q1) despite challenges within the global trade environment.