12 Most Oversold Large Cap Stocks to Invest in Now

8. Deckers Outdoor Corporation (NYSE:DECK)

Relative Strength Index: 28.66

Deckers Outdoor Corporation (NYSE:DECK), based in Goleta, California, designs and distributes footwear, apparel, and accessories for both casual and high-performance needs. Its portfolio includes popular brands like UGG, HOKA, Teva, Sanuk, and Koolaburra, targeting different market segments. The company sells products through department stores, retail outlets, company-operated stores, and e-commerce across 50+ countries. The company stands out for transforming niche footwear brands into market leaders through innovation, quality, and strategic placement, combining cutting-edge technology with performance-driven design.

Deckers Outdoor Corporation (NYSE:DECK)’s revenue grew 17% year over year to $1.8 billion in the fiscal third quarter of 2025, making it its highest and most profitable quarter ever. The gross margins also increased to 60.3% this time. Due to its outstanding brand performance, UGG experienced a 16% year-over-year rise to $1.2 billion, with balanced growth across global direct-to-consumer (DTC) and wholesale channels. DTC increased by 27% and wholesale by 21%, while HOKA climbed by 24% year over year to $531 million.

To focus on more important organic growth prospects, Deckers Outdoor Corporation (NYSE:DECK) intends to phase out its Koolaburra brand in the future. With a 15% revenue growth rate forecast for the fiscal year 2025, the company has improved its outlook for the sixth year in a row of growth in the mid-teens or above, positioning it among the most oversold stocks despite its strong performance.

FPA Queens Road Small Cap Value Fund stated the following regarding Deckers Outdoor Corporation (NYSE:DECK) in its Q4 2024 investor letter:

“Deckers Outdoor Corporation (NYSE:DECK) is a footwear and apparel company that owns the UGG, Hoka, Teva, Sanuk, and Koolaburra brands. Management has done a terrific job growing and extending the UGG franchise and developing Hoka running shoes. We first bought a small position in Deckers in 2015 and 2016 when the company was struggling with supply chain issues. The stock has been up more than ten times since then because of its excellent operating performance. We have trimmed up. In 2024, the company’s market cap exceeded $20 billion and we trimmed even more substantially. Deckers trades at over thirty times forward earnings (as of Dec. 31, 2024) and we continue to trim.”