Wealth Enhancement Advisory Services LLC Has $14.03 Million Holdings in Deckers Outdoor Co. (NYSE:DECK)

Wealth Enhancement Advisory Services LLC increased its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 113.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 69,094 shares of the textile maker's stock after buying an additional 36,712 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Deckers Outdoor were worth $14,032,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DECK. JPMorgan Chase & Co. raised its holdings in shares of Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock valued at $206,790,000 after buying an additional 1,170,855 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in Deckers Outdoor during the 4th quarter valued at $297,000. Revolve Wealth Partners LLC acquired a new position in Deckers Outdoor during the 4th quarter worth $247,000. Forsta AP Fonden boosted its position in Deckers Outdoor by 3.0% during the 4th quarter. Forsta AP Fonden now owns 58,500 shares of the textile maker's stock worth $11,881,000 after acquiring an additional 1,700 shares during the period. Finally, First Affirmative Financial Network bought a new position in shares of Deckers Outdoor in the fourth quarter worth $236,000. Institutional investors own 97.79% of the company's stock.

Insider Activity

In related news, insider Angela Ogbechie sold 6,244 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $103.89, for a total transaction of $648,689.16. Following the completion of the sale, the insider now directly owns 19,980 shares of the company's stock, valued at $2,075,722.20. The trade was a 23.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, the director now directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. The trade was a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DECK shares. Piper Sandler cut their price objective on Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating for the company in a report on Friday, April 11th. TD Securities increased their target price on shares of Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Bank of America reduced their target price on shares of Deckers Outdoor from $154.00 to $128.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. KGI Securities raised Deckers Outdoor to a "hold" rating in a report on Monday, May 26th. Finally, Needham & Company LLC set a $150.00 price objective on Deckers Outdoor and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Thirteen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $134.68.

Deckers Outdoor Stock Up 0.0%

NYSE:DECK traded up $0.05 during mid-day trading on Wednesday, reaching $105.88. 2,548,111 shares of the company were exchanged, compared to its average volume of 2,567,875. The stock has a market cap of $15.82 billion, a PE ratio of 17.17, a PEG ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98. The company has a fifty day moving average of $112.47 and a 200 day moving average of $154.28.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The textile maker reported $1.00 EPS for the quarter, beating the consensus estimate of $0.57 by $0.43. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. Deckers Outdoor's revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Deckers Outdoor announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 22nd that permits the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization permits the textile maker to purchase up to 11.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

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.