Wealth Enhancement Advisory Services LLC Has $1.04 Million Stake in Deckers Outdoor Corporation $DECK

Wealth Enhancement Advisory Services LLC trimmed its stake in Deckers Outdoor Corporation (NYSE:DECK) by 79.5% during the third quarter, HoldingsChannel.com reports. The fund owned 10,657 shares of the textile maker’s stock after selling 41,345 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Deckers Outdoor were worth $1,044,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Resonant Capital Advisors LLC lifted its holdings in shares of Deckers Outdoor by 4.3% during the third quarter. Resonant Capital Advisors LLC now owns 3,097 shares of the textile maker’s stock valued at $314,000 after acquiring an additional 128 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Deckers Outdoor by 15.1% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 56,370 shares of the textile maker’s stock worth $5,703,000 after purchasing an additional 7,384 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Deckers Outdoor by 22.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,879 shares of the textile maker’s stock valued at $596,000 after purchasing an additional 1,090 shares during the last quarter. Ritholtz Wealth Management bought a new position in Deckers Outdoor during the 3rd quarter valued at about $211,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Deckers Outdoor by 46.2% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 59,800 shares of the textile maker’s stock valued at $6,062,000 after buying an additional 18,900 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DECK has been the subject of several recent analyst reports. Citigroup reaffirmed a “buy” rating and set a $130.00 price objective (up previously from $120.00) on shares of Deckers Outdoor in a report on Thursday, January 15th. BTIG Research restated a “neutral” rating on shares of Deckers Outdoor in a research report on Friday. Robert W. Baird downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. UBS Group reissued a “buy” rating and issued a $161.00 price objective (up previously from $157.00) on shares of Deckers Outdoor in a research note on Friday. Finally, Barclays restated an “overweight” rating and issued a $143.00 target price (up from $113.00) on shares of Deckers Outdoor in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $125.20.

Deckers Outdoor Stock Performance

NYSE DECK opened at $116.13 on Tuesday. The stock has a market capitalization of $16.92 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 5.02 and a beta of 1.16. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $177.64. The stock has a fifty day moving average of $100.85 and a 200-day moving average of $101.67.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.56. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.00 earnings per share. Equities research analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Key Stories Impacting Deckers Outdoor

Here are the key news stories impacting Deckers Outdoor this week:

• Positive Sentiment: Record quarter and raised outlook: Deckers reported a blowout quarter with EPS and revenue above expectations and raised its outlook, which prompted analysts to rework models and drove the stock higher after the print. Deckers Outdoor Record Quarter Raises Outlook And Puts Valuation In Focus
• Positive Sentiment: Street reaction and momentum: Coverage notes the surprise blowout sent the market to “reprice the story” and produced a sharp intraday rally as analysts upgraded or adjusted models. Deckers’ Surprise Blowout Has Wall Street Repricing the Story
• Positive Sentiment: Analyst upgrade: A Seeking Alpha piece highlights an upgrade from Hold to Buy, citing robust HOKA and UGG demand and improved margins as drivers of upside. Deckers Outdoor: The Reasons Why I Upgrade From Hold To Buy
• Positive Sentiment: Price target lift: At least one outlet reported a higher price target ($140), reflecting the market re-rating after the strong quarter. Deckers Outdoor (NYSE:DECK) Price Target Raised to $140.00
• Positive Sentiment: Technical strength: DECK recently crossed key moving averages (20/50/200-day), a short- and long-term bullish technical signal that can attract momentum traders. Deckers (DECK) Just Overtook the 200-Day Moving Average
• Neutral Sentiment: Product cadence: HOKA launched the Speedgoat 7, supporting product momentum for Deckers’ growth brands, but product news is incremental versus the earnings surprise. The G.O.A.T. Returns: HOKA Unveils the New Speedgoat 7
• Neutral Sentiment: Comparative/value coverage: Pieces comparing DECK with peers (e.g., GAP) and broader Zacks commentary raise visibility but don’t change the fundamentals immediately. GAP vs. DECK: Which Stock Is the Better Value Option?
• Negative Sentiment: Valuation focus and profit-taking: Several articles note the earnings beat has brought valuation into focus; after the sharp post-earnings run, some investors appear to be taking profits and trimming exposure, which can pressure the share price even with positive fundamentals. Deckers’ surprise blowout has Wall Street repricing the story

About Deckers Outdoor

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.