Deckers Outdoor Corporation $DECK Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lowered its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 72.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,174 shares of the textile maker’s stock after selling 11,152 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Deckers Outdoor were worth $433,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DECK. Viking Global Investors LP acquired a new position in shares of Deckers Outdoor during the third quarter worth $175,058,000. Assenagon Asset Management S.A. grew its stake in shares of Deckers Outdoor by 293.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 702,106 shares of the textile maker’s stock worth $72,787,000 after purchasing an additional 523,442 shares in the last quarter. Man Group plc grew its stake in shares of Deckers Outdoor by 106.1% during the third quarter. Man Group plc now owns 862,318 shares of the textile maker’s stock worth $87,413,000 after purchasing an additional 443,843 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Deckers Outdoor by 89.9% during the second quarter. AQR Capital Management LLC now owns 873,105 shares of the textile maker’s stock worth $89,991,000 after purchasing an additional 413,394 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its stake in shares of Deckers Outdoor by 491.0% during the second quarter. Worldquant Millennium Advisors LLC now owns 496,608 shares of the textile maker’s stock worth $51,185,000 after purchasing an additional 412,586 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

NYSE DECK opened at $114.31 on Thursday. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $126.50. The company has a market capitalization of $15.88 billion, a PE ratio of 16.24, a P/E/G ratio of 2.21 and a beta of 1.14. The company has a fifty day moving average of $102.78 and a two-hundred day moving average of $102.43.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.15. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm posted $1.00 earnings per share. Deckers Outdoor’s revenue for the quarter was up 9.5% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, research analysts expect that Deckers Outdoor Corporation will post 7.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

DECK has been the subject of a number of analyst reports. The Goldman Sachs Group reiterated a “sell” rating and set a $92.00 target price (up from $81.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Zacks Research downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Truist Financial set a $125.00 price objective on shares of Deckers Outdoor and gave the company a “buy” rating in a research note on Friday, May 22nd. Sanford C. Bernstein restated a “market perform” rating and issued a $105.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 22nd. Finally, Evercore set a $108.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 30th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $120.50.

Deckers Outdoor Profile

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.