Jim Cramer Recently Discussed These 10 S&P 500 Stocks

6. Deckers Outdoor Corporation (NYSE:DECK)

Number of Hedge Fund Holders: 63

Deckers Outdoor Corporation (NYSE:DECK) is one of the stocks listed in our article, Jim Cramer recently discussed these 10 S&P 500 stocks. Diving into the reasons behind the stock’s decline, Cramer said:

“The biggest loser in the S&P 500 in the first half was Deckers Brands, down 49%. Now, this company… the parent of UGG, HOKA, and Teva, used to be one of my faves. HOKA is a terrific sneaker brand. And from the end of 2019 through the end of 2024, this stock shot up 622%.

But now Deckers has nearly been cut in half over the last six months, in part because the whole consumer discretionary category has become much less attractive, given the global trade war. And in part because when Deckers reported in late May, their guidance was awful, and growth at the key HOKA brand slowed dramatically. So, investors simply gave up on this one. But is Deckers really all that bad? Is it a lost cause? I’m not ready to throw in the towel. Why? First off, the stock’s gotten incredibly cheap. It now sells for just 17 times this year’s earnings estimates.

While I don’t like that the earnings are on track to decline this year, I’m also cognizant of the fact that Deckers has beaten the earnings estimates for 14 consecutive quarters, usually by a substantial amount. So maybe it won’t be a down year. However, I’d feel a lot more confident in Decker’s comeback if we could somehow get some clarity on President Trump’s tariffs. These guys do a ton of manufacturing in Vietnam, and we don’t know if Vietnam will end up with a baseline 10% tariff or something close to the 46% tariff that the President proposed on Liberation Day.”

Deckers Outdoor (NYSE:DECK) provides a range of footwear, apparel, and accessories. The company’s product portfolio features premium UGG items, performance footwear from HOKA, and casual shoes and sandals under brands like Teva, Sanuk, Koolaburra, and AHNU.