Envestnet Portfolio Solutions Inc. Decreases Stock Holdings in Deckers Outdoor Corporation $DECK

Envestnet Portfolio Solutions Inc. trimmed its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 72.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,174 shares of the textile maker’s stock after selling 11,152 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Deckers Outdoor were worth $433,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. raised its position 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 buying an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Deckers Outdoor during the 3rd quarter valued at approximately $30,000. Elyxium Wealth LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter valued at approximately $30,000. Rakuten Securities Inc. raised its position in shares of Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after buying an additional 100 shares during the period. Finally, Activest Wealth Management raised its position in shares of Deckers Outdoor by 298.8% during the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after buying an additional 245 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on DECK. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $105.00 price target on shares of Deckers Outdoor in a research report on Friday, May 22nd. BTIG Research reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 30th. Raymond James Financial lowered shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price target on the stock. in a research report on Thursday, April 23rd. Truist Financial set a $125.00 price target on shares of Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Argus raised Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $120.50.

Deckers Outdoor Stock Up 2.6%

Shares of NYSE DECK opened at $114.31 on Thursday. The business’s 50 day moving average is $102.78 and its two-hundred day moving average is $102.43. The firm has a market cap of $15.88 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 2.21 and a beta of 1.14. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $126.50.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 EPS for the quarter, topping the consensus estimate of $0.81 by $0.15. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Analysts anticipate that Deckers Outdoor Corporation will post 7.41 EPS for the current fiscal year.

Deckers Outdoor 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.