Street View: Deckers Outdoor's upbeat quarter 'broadens brand's appeal'

** Shares of footwear maker Deckers Outdoor DECK up as much as 14.1% at a record high of $1,031.97

** Company beats Q4 estimates on robust demand for its premium-priced UGG boots and HOKA sneakers

** At least 14 brokerages raise PT on stock; median PT is $1,020 - LSEG data

STRONG DEMAND TO BRING ANOTHER YEAR OF BEAT-AND-RAISES

** BTIG ("buy", PT: $1,120) says continued innovation and marketing investments in UGG is driving strong direct-to-consumer growth, outperforming peers at wholesale, "as retailers continue to invest in proven winners in an uncertain environment"

** Citigroup ("neutral", PT: $980) says FY24 was a banner year for DECK with its two big brands delivering strongest growth across footwear while demonstrating their ability to continue bringing in new customers

** TD Cowen ("buy", PT: $1,039) says HOKA's positive momentum in performance categories "while making inroads in lifestyle category", broadens the brand's appeal to a wider audience as its awareness grows domestically and internationally

** BofA Securities ("neutral", PO: $1,020) remains positive about near-term trajectory for UGG brand as sales continued to rise despite some inventory shortages on key products