Jim Cramer Says “I Think Most of the Pain in Deckers and HOKA Is Already Baked In”

Group 1 - Deckers Outdoor Corporation, known for brands like UGG, HOKA, and Teva, has faced significant challenges, with a stock decline of 49% in 2025, making it the fourth worst performer in its category [1] - The company's growth driver, HOKA, has experienced a slowdown over the past few quarters, raising concerns about its future performance [1] - Despite the current stock trading at approximately 16 times this year's earnings estimates, there is skepticism about its recovery, as attempts to invest have often resulted in losses for investors [1] Group 2 - Deckers sells footwear, apparel, and accessories for both casual and high-performance use under various brands, including UGG, HOKA, Teva, Koolaburra, and AHNU [2]