Marks Group Wealth Management Inc Lowers Stake in Deckers Outdoor Corporation $DECK

Marks Group Wealth Management Inc lowered its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 18.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,216 shares of the textile maker’s stock after selling 13,251 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Deckers Outdoor were worth $6,035,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth about $252,729,000. Viking Global Investors LP purchased a new stake in shares of Deckers Outdoor during the third quarter worth about $175,058,000. Northern Trust Corp grew its position in shares of Deckers Outdoor by 3.6% during the third quarter. Northern Trust Corp now owns 1,721,542 shares of the textile maker’s stock worth $174,513,000 after purchasing an additional 60,029 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Deckers Outdoor by 109.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,656,405 shares of the textile maker’s stock worth $171,720,000 after purchasing an additional 867,397 shares in the last quarter. Finally, TD Asset Management Inc grew its position in shares of Deckers Outdoor by 5.7% during the fourth quarter. TD Asset Management Inc now owns 1,456,239 shares of the textile maker’s stock worth $150,968,000 after purchasing an additional 77,896 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $109.61 on Tuesday. The stock has a market cap of $15.22 billion, a P/E ratio of 15.57, a PEG ratio of 2.14 and a beta of 1.16. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $126.50. The firm’s 50 day moving average price is $104.22 and its 200-day moving average price is $104.01.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.15. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the firm posted $1.00 earnings per share. Deckers Outdoor’s revenue for the quarter was up 9.5% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, equities analysts expect that Deckers Outdoor Corporation will post 7.44 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DECK shares. Raymond James Financial cut shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price objective on the stock. in a research report on Thursday, April 23rd. Barclays reiterated an “overweight” rating and set a $141.00 price objective (down from $143.00) on shares of Deckers Outdoor in a research report on Tuesday, May 26th. Wells Fargo & Company cut shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $115.00 to $90.00 in a research report on Friday, May 8th. Argus set a $128.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 29th. Finally, Truist Financial set a $125.00 price objective on shares of Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Deckers Outdoor presently has an average rating of “Hold” and an average 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.