Deckers Outdoor Corporation $DECK Shares Sold by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in Deckers Outdoor Corporation by 22.3%, now holding 52,002 shares valued at approximately $5.5 million.
• Deckers Outdoor reported a $0.93 EPS for the last quarter, exceeding analyst expectations and achieving a 16.9% increase in revenue year-over-year.
• Equity analysts have mixed ratings for Deckers Outdoor, with price targets ranging from $87.00 to $145.00, indicating varied confidence in the stock's future performance.

Wealth Enhancement Advisory Services LLC reduced its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 22.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,002 shares of the textile maker's stock after selling 14,929 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Deckers Outdoor were worth $5,523,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of DECK. Horizon Investments LLC lifted its holdings in Deckers Outdoor by 4.6% in the 1st quarter. Horizon Investments LLC now owns 2,179 shares of the textile maker's stock worth $244,000 after buying an additional 96 shares in the last quarter. Cumberland Partners Ltd raised its stake in shares of Deckers Outdoor by 0.4% in the 1st quarter. Cumberland Partners Ltd now owns 27,991 shares of the textile maker's stock valued at $3,130,000 after purchasing an additional 98 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Deckers Outdoor by 0.8% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,106 shares of the textile maker's stock worth $1,913,000 after acquiring an additional 140 shares during the period. HM Payson & Co. raised its stake in Deckers Outdoor by 12.5% during the first quarter. HM Payson & Co. now owns 1,350 shares of the textile maker's stock worth $151,000 after acquiring an additional 150 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Deckers Outdoor by 23.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 822 shares of the textile maker's stock worth $85,000 after acquiring an additional 158 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Trading Down 0.7%

NYSE DECK opened at $111.30 on Thursday. Deckers Outdoor Corporation has a 52 week low of $93.72 and a 52 week high of $223.98. The stock has a market cap of $16.51 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 4.23 and a beta of 1.05. The company has a 50-day moving average price of $111.01 and a two-hundred day moving average price of $110.82.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, topping the consensus estimate of $0.68 by $0.25. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The firm had revenue of $964.54 million during the quarter, compared to analysts' expectations of $901.45 million. During the same quarter in the prior year, the firm earned $4.52 EPS. Deckers Outdoor's quarterly revenue was up 16.9% on a year-over-year basis. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, equities research analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DECK shares. Raymond James Financial increased their price objective on shares of Deckers Outdoor from $123.00 to $137.00 and gave the stock a "strong-buy" rating in a research note on Friday, July 25th. The Goldman Sachs Group dropped their price objective on shares of Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating on the stock in a research note on Tuesday, July 22nd. Barclays increased their price objective on shares of Deckers Outdoor from $134.00 to $141.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Bank of America dropped their price objective on shares of Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Finally, Truist Financial increased their price objective on shares of Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Deckers Outdoor presently has a consensus rating of "Hold" and a consensus target price of $135.89.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $118.02, for a total value of $35,406.00. Following the completion of the transaction, the director directly owned 10,979 shares in the company, valued at $1,295,741.58. This trade represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.40% of the stock is owned by company insiders.

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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.

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