Wealth Enhancement Advisory Services LLC Has $4.05 Million Holdings in Deckers Outdoor Corporation $DECK

Wealth Enhancement Advisory Services LLC lifted its position in Deckers Outdoor Corporation (NYSE:DECK) by 253.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 37,702 shares of the textile maker’s stock after acquiring an additional 27,045 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Deckers Outdoor were worth $4,048,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Deckers Outdoor during the second quarter worth $223,036,000. Viking Global Investors LP bought a new position in shares of Deckers Outdoor in the 3rd quarter valued at about $175,058,000. Federated Hermes Inc. grew its position in shares of Deckers Outdoor by 46.5% in the 2nd quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock valued at $175,800,000 after acquiring an additional 541,657 shares during the period. Invesco Ltd. increased its stake in shares of Deckers Outdoor by 19.4% during the 2nd quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker’s stock worth $286,660,000 after purchasing an additional 452,081 shares during the last quarter. Finally, Man Group plc increased its stake in shares of Deckers Outdoor by 106.1% during the 3rd quarter. Man Group plc now owns 862,318 shares of the textile maker’s stock worth $87,413,000 after purchasing an additional 443,843 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

Shares of DECK opened at $95.04 on Tuesday. The firm has a market cap of $13.49 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 2.15 and a beta of 1.15. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $133.43. The firm’s 50-day simple moving average is $108.16 and its 200 day simple moving average is $101.42.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.56. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the business posted $3.00 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

In related news, insider Anne Spangenberg sold 4,063 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the completion of the sale, the insider directly owned 80,449 shares of the company’s stock, valued at approximately $9,333,692.98. This trade represents a 4.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lauri M. Shanahan sold 4,682 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the sale, the director owned 25,026 shares of the company’s stock, valued at $2,873,985.84. This trade represents a 15.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 9,092 shares of company stock worth $1,048,552. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DECK. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $92.00 target price (up from $81.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Sanford C. Bernstein set a $90.00 price target on Deckers Outdoor in a research report on Friday, January 30th. UBS Group restated a “buy” rating and issued a $161.00 price objective (up from $157.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Citigroup reiterated a “buy” rating and set a $130.00 target price (up from $120.00) on shares of Deckers Outdoor in a research note on Thursday, January 15th. Finally, Piper Sandler reissued an “underweight” rating and set a $95.00 target price (up from $85.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus price target of $125.20.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.