Key Takeaways Soaring demand for Hoka brand shoes helped Deckers Outdoor post better-than-expected earnings and revenue for the second quarter, sending its stock higher Friday.Hoka sales gained nearly 35% year-over-year,

Deckers Outdoor posted strong results after the bell Thursday, sending shares of the shoemaker soaring. Earnings showed Deckers sprinting even further ahead of many of its rivals as brands such as Hoka and Ugg continue to be popular,

Shares of Deckers Outdoor climbed Friday after the company raised its outlook for the year on the strength of its Hoka brand and several banks including Wells Fargo and UBS raised their target prices.