Deckers Outdoor Corporation $DECK Shares Bought by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc raised its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 9.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,922 shares of the textile maker’s stock after buying an additional 5,706 shares during the period. Marks Group Wealth Management Inc’s holdings in Deckers Outdoor were worth $6,398,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DECK. Geneos Wealth Management Inc. lifted its position in shares of Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 215 shares during the last quarter. Elyxium Wealth LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter worth $30,000. Rakuten Securities Inc. grew its holdings in shares of Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after acquiring an additional 100 shares during the last quarter. Activest Wealth Management raised its position in shares of Deckers Outdoor by 298.8% during the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after purchasing an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth $35,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

NYSE DECK opened at $106.70 on Thursday. The firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 2.11 and a beta of 1.17. The company has a 50 day simple moving average of $105.30 and a 200-day simple moving average of $106.13. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $126.50.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.15. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, analysts predict that Deckers Outdoor Corporation will post 7.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Raymond James Financial lowered Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price target for the company. in a research report on Thursday, April 23rd. KeyCorp restated a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, May 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $105.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 22nd. UBS Group raised their target price on shares of Deckers Outdoor from $145.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Argus set a $128.00 price target on shares of Deckers Outdoor in a report on Friday, May 29th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $121.11.

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.