Envestnet Asset Management Inc. Boosts Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Envestnet Asset Management Inc. increased its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 101.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,003,743 shares of the textile maker’s stock after purchasing an additional 505,139 shares during the period. Envestnet Asset Management Inc.’s holdings in Deckers Outdoor were worth $203,850,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in Deckers Outdoor during the fourth quarter valued at approximately $29,000. Global Trust Asset Management LLC purchased a new position in shares of Deckers Outdoor in the fourth quarter worth about $31,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 120 shares during the period. Fortitude Family Office LLC lifted its position in Deckers Outdoor by 825.0% during the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 198 shares during the period. Finally, Rakuten Securities Inc. boosted its stake in shares of Deckers Outdoor by 59.8% in the fourth quarter. Rakuten Securities Inc. now owns 350 shares of the textile maker’s stock worth $71,000 after buying an additional 131 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. KeyCorp boosted their target price on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Jefferies Financial Group increased their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Stifel Nicolaus lifted their price target on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Bank of America increased their price target on Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Finally, Truist Financial cut their price objective on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $106.04 on Monday. Deckers Outdoor Co. has a 1-year low of $93.72 and a 1-year high of $223.98. The firm has a 50 day simple moving average of $142.96 and a 200-day simple moving average of $169.85. The stock has a market cap of $16.09 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Equities analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Powers sold 25,000 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares of the company’s stock, valued at $33,568,318.68. The trade was a 9.37 % 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.

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.