Jim Cramer on These 9 Stocks Recently

3. Deckers Outdoor Corporation (NYSE:DECK)

Number of Hedge Fund Holders: 66

Mentioning that the stock has gone from an all-time high to a 52-week low in less than two months, a caller asked about Deckers Outdoor Corporation (NYSE:DECK). Cramer replied:

“I’m split. I think Hoka is real good, but that last quarter, Uggs was quite bad. Some people say it was, it was a problem with how much inventory they had. I think you should actually buy Deckers under 120. I like it. Next, buy 100. Get a good basis.”

Deckers (NYSE:DECK) offers a wide range of footwear, apparel, and accessories, including premium UGG products, athletic gear from HOKA, and casual footwear and sandals from brands like Teva, Sanuk, Koolaburra, and AHNU. The London Company stated the following regarding the company in its Q4 2024 investor letter:

“Deckers Outdoor Corporation (NYSE:DECK): DECK manages top brands in the footwear industry and has outperformed other retailers for several years. UGG and HOKA are benefitting from brand heat, and management remains focused on thoughtfully acquiring and retaining customers. The most recent earnings report in October showed that HOKA doubled sales in only two years (off a $1B base), which has helped to diversify the seasonality of DECK and expand margins. UGG also continues to defy expectations and is growing quite nicely in both its on and off-seasons. Deckers Outdoor (DECK) – Trimmed on strength. After a multi-year run, its valuation is elevated. The UGG and HOKA brands remain strong.”