Deckers Outdoor Corporation (DECK), with a market capitalization of approximately $12.8 billion, is a global footwear and lifestyle company that owns brands including UGG, HOKA, Teva, and Ahnu. The Goleta, California-based company designs, markets, and distributes premium, distinctive footwear and lifestyle products focused on outdoor, athletic, and casual categories.
Shares of the footwear and lifestyle company have considerably underperformed the broader market over the past year. DECK has declined 21.3% over this period, while the broader S&P 500 Index ($SPX) has advanced 18.7%. On a year-to-date basis, DECK has also continued to underperform, declining 13.7%, compared with the index’s 12.1% gain over the same period.