Wealth Enhancement Advisory Services LLC Has $4.60 Million Holdings in Deckers Outdoor Co. (NYSE:DECK)

Wealth Enhancement Advisory Services LLC raised its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 477.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 4,883 shares of the textile maker’s stock after purchasing an additional 4,037 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Deckers Outdoor were worth $4,596,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DECK. Contravisory Investment Management Inc. bought a new stake in Deckers Outdoor during the first quarter worth $36,000. FinTrust Capital Advisors LLC grew its stake in shares of Deckers Outdoor by 437.5% in the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after acquiring an additional 35 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $33,000. FSC Wealth Advisors LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $39,000. Finally, Rise Advisors LLC bought a new position in shares of Deckers Outdoor during the first quarter valued at about $61,000. 97.79% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Caroti Stefano sold 5,000 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,079.74, for a total transaction of $5,398,700.00. Following the completion of the transaction, the insider now directly owns 39,926 shares in the company, valued at approximately $43,109,699.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Deckers Outdoor news, insider Thomas Garcia sold 4,000 shares of Deckers Outdoor stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $1,074.86, for a total transaction of $4,299,440.00. Following the completion of the sale, the insider now directly owns 11,654 shares in the company, valued at $12,526,418.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Caroti Stefano sold 5,000 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1,079.74, for a total transaction of $5,398,700.00. Following the completion of the transaction, the insider now directly owns 39,926 shares in the company, valued at approximately $43,109,699.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,101 shares of company stock valued at $28,858,562. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on DECK. UBS Group increased their price objective on shares of Deckers Outdoor from $1,150.00 to $1,265.00 and gave the company a “buy” rating in a research note on Friday, May 24th. KeyCorp increased their price target on Deckers Outdoor from $960.00 to $1,015.00 and gave the company an “overweight” rating in a research report on Friday, May 24th. BTIG Research upped their price objective on Deckers Outdoor from $1,120.00 to $1,200.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Robert W. Baird raised their target price on Deckers Outdoor from $975.00 to $1,050.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. Finally, Wells Fargo & Company increased their price target on shares of Deckers Outdoor from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, May 24th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,023.44.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $947.24 on Tuesday. The firm has a market capitalization of $24.10 billion, a P/E ratio of 32.34, a PEG ratio of 3.24 and a beta of 1.06. Deckers Outdoor Co. has a one year low of $484.02 and a one year high of $1,106.89. The business has a fifty day moving average price of $951.75 and a 200-day moving average price of $864.04.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, May 23rd. The textile maker reported $4.95 EPS for the quarter, topping the consensus estimate of $2.82 by $2.13. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The business had revenue of $959.76 million during the quarter, compared to the consensus estimate of $892.00 million. During the same quarter last year, the company earned $3.46 EPS. The firm’s revenue was up 21.2% compared to the same quarter last year. Sell-side analysts expect that Deckers Outdoor Co. will post 30.59 earnings per share for the current fiscal year.

About Deckers Outdoor

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.