Deckers Outdoor jumps on raising annual sales forecast; lifts peers
** Shares of Hoka owner Deckers Outdoor DECK.N up 14.1% at $173.40 before the bell
** Company raises its annual sales forecast and beats Q2 results on resilient demand for its Hoka shoes and UGG boots
** Nike NKE.N and Under Armour UAA.N shares up ~1% premarket, while Roger Federer-backed On ONON.N up 4.4%
** "DECK is operating in the bullseye, with Hoka in the early stages of its global roll-out," Barclays analysts say after raising PT to $190 from $180
** Adds UGG is continuing to innovate and "is in the sweet spot of current lifestyle footwear trends"
** Keybanc raises PT to $190 and says "Hoka's recent pinnacle product introductions including Skyward X and Cielo X1 continue to resonate"
** Brokerage says this helps co to "crack the $200+ price point and underpin a higher margin outlook"
** 12 of 23 brokerages rate the stock "buy" or higher, 10 "hold" and one "sell"; with a median PT of $185
** Up to Thursday's close, DECK had risen nearly 36.5% YTD
Reporting by Ananya Mariam Rajesh in Bengaluru
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