Envestnet Asset Management Inc. Has $81.29 Million Holdings in Deckers Outdoor Corporation $DECK

Envestnet Asset Management Inc. increased its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 10.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 801,898 shares of the textile maker’s stock after purchasing an additional 78,761 shares during the quarter. Envestnet Asset Management Inc. owned 0.54% of Deckers Outdoor worth $81,288,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new position in shares of Deckers Outdoor in the 3rd quarter valued at approximately $503,000. Allianz Asset Management GmbH increased its stake in Deckers Outdoor by 5.4% in the third quarter. Allianz Asset Management GmbH now owns 32,684 shares of the textile maker’s stock valued at $3,313,000 after acquiring an additional 1,687 shares during the last quarter. Peak Retirement Planning Inc. raised its position in Deckers Outdoor by 34.5% during the third quarter. Peak Retirement Planning Inc. now owns 18,343 shares of the textile maker’s stock valued at $1,859,000 after purchasing an additional 4,703 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Deckers Outdoor by 17.9% during the third quarter. Jones Financial Companies Lllp now owns 7,456 shares of the textile maker’s stock worth $788,000 after purchasing an additional 1,134 shares during the last quarter. Finally, Convergence Investment Partners LLC bought a new stake in Deckers Outdoor during the third quarter worth $250,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DECK has been the topic of several recent analyst reports. Evercore set a $108.00 price target on Deckers Outdoor in a research note on Friday, January 30th. Piper Sandler reissued an “underweight” rating and set a $95.00 target price (up previously from $85.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a report on Wednesday, January 21st. Sanford C. Bernstein set a $90.00 price target on shares of Deckers Outdoor in a report on Friday, January 30th. Finally, Zacks Research upgraded shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $125.20.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $115.51 on Monday. The business has a 50 day moving average of $102.92 and a 200-day moving average of $101.89. The company has a market capitalization of $16.40 billion, a P/E ratio of 16.31, a P/E/G ratio of 2.63 and a beta of 1.16. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $174.38.

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

Deckers Outdoor Company 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.