Goldman Sachs has initiated 'Sell' ratings on Deckers and Crocs, citing limited upside and increasing competition. Deckers, down 50% year-to-date, is seeing a slowdown in Hoka momentum, while Crocs may face softened demand for its clogs. The price targets suggest a 15–18% downside. Retail sentiment on Stocktwits remains extremely bullish for DECK, but neutral for CROX amid tariff optimism.