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

Wealth Enhancement Advisory Services LLC lifted its position in Deckers Outdoor Corporation (NYSE:DECK) by 253.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,702 shares of the textile maker’s stock after buying 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.

Other hedge funds have also added to or reduced their stakes in the company. American National Bank & Trust grew its stake in Deckers Outdoor by 77.4% in the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 106 shares during the period. True Wealth Design LLC raised its position in shares of Deckers Outdoor by 2,440.0% during the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock worth $26,000 after purchasing an additional 244 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 215 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Deckers Outdoor during the 3rd quarter valued at about $30,000. Finally, Rakuten Securities Inc. grew its position in shares of Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Up 1.1%

NYSE:DECK opened at $95.04 on Tuesday. The company 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 twelve month low of $78.91 and a twelve month high of $133.43. The business has a 50 day moving average price of $108.16 and a two-hundred day moving average price of $101.42.

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

Wall Street Analysts Forecast Growth

DECK has been the subject of a number of research reports. The Goldman Sachs Group reissued a “sell” rating and set a $92.00 target price (up from $81.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Wells Fargo & Company set a $110.00 price target on shares of Deckers Outdoor and gave the company an “equal weight” rating in a research note on Friday, January 30th. Telsey Advisory Group reissued a “market perform” rating and set a $120.00 price objective (up from $105.00) on shares of Deckers Outdoor in a research report on Monday, January 26th. Guggenheim assumed coverage on shares of Deckers Outdoor in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Finally, Evercore set a $108.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.20.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, insider Robin Spring-Green sold 347 shares of Deckers Outdoor stock in a transaction on Friday, February 13th. The shares were sold at an average price of $113.78, for a total value of $39,481.66. Following the sale, the insider directly owned 42,461 shares in the company, valued at approximately $4,831,212.58. The trade was a 0.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauri M. Shanahan sold 4,682 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $114.84, for a total transaction of $537,680.88. Following the sale, the director directly owned 25,026 shares in the company, 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. In the last three months, insiders have sold 9,092 shares of company stock worth $1,048,552. Insiders own 0.40% of the company’s stock.

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.