Envestnet Portfolio Solutions Inc. Acquires 7,394 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Envestnet Portfolio Solutions Inc. increased its holdings in Deckers Outdoor Corporation by 71.8%, acquiring an additional 7,394 shares, bringing its total to 17,686 shares worth approximately $1.8 million.
• Deckers Outdoor reported earnings per share of $0.93 for the last quarter, exceeding expectations and reflecting a 16.9% increase in revenue year-over-year.
• Wall Street analysts currently have a consensus rating of Moderate Buy for Deckers Outdoor, with a target price of $136.00, as several upgrades have been made following recent performance.

Envestnet Portfolio Solutions Inc. boosted its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 71.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,686 shares of the textile maker's stock after acquiring an additional 7,394 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Deckers Outdoor were worth $1,823,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DECK. Revolve Wealth Partners LLC purchased a new stake in Deckers Outdoor in the 4th quarter valued at about $247,000. Exchange Traded Concepts LLC increased its stake in Deckers Outdoor by 56.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,181 shares of the textile maker's stock valued at $803,000 after buying an additional 2,596 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Deckers Outdoor by 12.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 123,450 shares of the textile maker's stock valued at $13,803,000 after buying an additional 13,770 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Deckers Outdoor by 2.6% in the 1st quarter. State of Alaska Department of Revenue now owns 17,777 shares of the textile maker's stock valued at $1,987,000 after buying an additional 455 shares during the last quarter. Finally, ORG Partners LLC increased its stake in Deckers Outdoor by 1,583.3% in the 1st quarter. ORG Partners LLC now owns 1,010 shares of the textile maker's stock valued at $113,000 after buying an additional 950 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Trading Up 0.8%

NYSE:DECK opened at $99.89 on Friday. The stock has a market capitalization of $14.82 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 3.79 and a beta of 1.05. The firm's 50 day moving average is $109.12 and its 200 day moving average is $108.81. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.25. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The business had revenue of $964.54 million during the quarter, compared to analyst estimates of $901.45 million. During the same period in the previous year, the business earned $4.52 EPS. Deckers Outdoor's revenue was up 16.9% compared to the same quarter last year. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Research analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the sale, the director owned 10,979 shares of the company's stock, valued at $1,295,741.58. The trade was a 2.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DECK shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Deckers Outdoor in a research note on Wednesday, October 8th. KeyCorp upgraded shares of Deckers Outdoor from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 10th. Telsey Advisory Group reiterated a "market perform" rating and issued a $120.00 price objective on shares of Deckers Outdoor in a research note on Friday. Raymond James Financial lifted their price target on shares of Deckers Outdoor from $123.00 to $137.00 and gave the stock a "strong-buy" rating in a report on Friday, July 25th. Finally, Wells Fargo & Company lifted their price target on shares of Deckers Outdoor from $90.00 to $100.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Deckers Outdoor currently has a consensus rating of "Moderate Buy" and a consensus target price of $136.00.

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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