Investment firm The London Company revealed in its third-quarter commentary that it has increased its position in Deckers Outdoor Corporation. The firm cited recent weakness in the share price as an opportune moment to add to its holdings. The London Company expressed confidence in the continued strength and sustainability of Deckers' key brands, UGG and HOKA. They believe the company is well-positioned for strong revenue growth and higher margins moving forward. The firm also highlighted Deckers' robust balance sheet, which includes a significant net cash position. This move by an institutional investor suggests a positive outlook on the stock's future performance, viewing the recent price drop as a buying opportunity. The commentary underscores a belief in the fundamental value and growth prospects of Deckers' core brands, even amidst concerns that may have recently pressured the stock.