Shares of Deckers Outdoor were trading sharply lower Friday after light guidance overshadowed a strong quarter from the maker of Hoka sneakers and Ugg boots. Deckers stock fell 13% to $193.49 in premarket trading Friday.

Shares of Deckers Outdoor (DECK) dropped over 16% in after-hours trading as the company’s weak annual guidance failed to impress investors. The

The company, which sells Hoka, Ugg, and Teva footwear, told investors late Thursday that the company doesn't see demand flagging for its most sought-after shoes. Still, Deckers shares were down 19% in afternoon trading Friday, leading S&P 500 decliners, amid investor concerns about demand trends.