12 Most Undervalued Quality Stocks to Buy According to Hedge Funds

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4. Deckers Outdoor Corporation (NYSE:DECK)

Forward P/E Ratio as of August 7: 16.47

Number of Hedge Fund Holders: 63

Deckers Outdoor Corporation (NYSE:DECK) is one of the most undervalued quality stocks to buy according to hedge funds. On August 1, HOKA, which is a division of Deckers Brands, launched the Mafate 5, the latest version of its trail running shoe. The shoe is designed to provide durability, adaptability, and comfort for long-distance trail runners. It is available for purchase on HOKA.com and through authorized dealers worldwide, with a manufacturer’s suggested retail price of $185.

A key new feature of the Mafate 5 is the Rocker Integrity Technology. This is a curved, light, and pliable TPU plate placed between two layers of foam: a firmer SCF EVA foam directly underfoot and a softer CMEVA foam beneath it. The design allows the shoe to absorb the impact of uneven terrain while maintaining a responsive and efficient foot strike.

The upper part of the shoe is built for 360-degree protection with a new flow molded TPU cage. Etched into the design of the cage is a map of the HOKA UTMB Mont-Blanc course. The Mafate 5 is also the first HOKA shoe to feature an ankle gaiter integration system, with the gaiter sold separately. To celebrate the launch, HOKA is hosting a nationwide Strava challenge from August 8 to September 12.

Deckers Outdoor Corporation (NYSE:DECK) designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the US and internationally.

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