Deckers Outdoor Corporation $DECK Stock Position Raised by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc grew its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 9.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 63,922 shares of the textile maker’s stock after acquiring 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.

Other large investors have also made changes to their positions in the company. Federated Hermes Inc. increased its holdings in Deckers Outdoor by 374.1% in the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock worth $326,531,000 after buying an additional 2,485,338 shares during the last quarter. Invesco Ltd. lifted its stake in Deckers Outdoor by 0.5% in the fourth quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker’s stock valued at $285,380,000 after acquiring an additional 12,350 shares during the last quarter. AQR Capital Management LLC lifted its stake in Deckers Outdoor by 340.5% in the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock valued at $273,000,000 after acquiring an additional 2,035,517 shares during the last quarter. Norges Bank bought a new stake in Deckers Outdoor in the fourth quarter worth approximately $252,729,000. Finally, Bank of New York Mellon Corp grew its position in Deckers Outdoor by 123.2% in the first quarter. Bank of New York Mellon Corp now owns 1,803,021 shares of the textile maker’s stock worth $180,464,000 after acquiring an additional 995,099 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DECK shares. Raymond James Financial downgraded shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price target on the stock. in a report on Thursday, April 23rd. UBS Group upped their price objective 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. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a research report on Monday, April 20th. Argus set a $128.00 price target on Deckers Outdoor in a research report on Friday, May 29th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $138.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $121.11.

Deckers Outdoor Price Performance

Shares of DECK opened at $106.70 on Thursday. The company has a market capitalization of $14.82 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 2.11 and a beta of 1.17. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $126.50. The company’s fifty day moving average price is $105.30 and its 200 day moving average price is $106.13.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.15. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.00 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Analysts anticipate that Deckers Outdoor Corporation will post 7.45 earnings per share for the current year.

About Deckers Outdoor

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.