Marks Group Wealth Management Inc Cuts Stock Position in Deckers Outdoor Corporation $DECK

Marks Group Wealth Management Inc cut its stake in Deckers Outdoor Corporation (NYSE:DECK) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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.

A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new stake in Deckers Outdoor in the fourth quarter worth $252,729,000. Viking Global Investors LP bought a new stake in Deckers Outdoor in the third quarter worth $175,058,000. Northern Trust Corp lifted its position in Deckers Outdoor by 3.6% in the third quarter. Northern Trust Corp now owns 1,721,542 shares of the textile maker’s stock worth $174,513,000 after buying an additional 60,029 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Deckers Outdoor by 109.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,656,405 shares of the textile maker’s stock worth $171,720,000 after buying an additional 867,397 shares during the last quarter. Finally, TD Asset Management Inc lifted its position in Deckers Outdoor by 5.7% in the fourth quarter. TD Asset Management Inc now owns 1,456,239 shares of the textile maker’s stock worth $150,968,000 after buying an additional 77,896 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Trading Up 1.4%

NYSE:DECK opened at $109.61 on Tuesday. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $126.50. The company has a market cap of $15.22 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.14 and a beta of 1.16. The stock has a fifty day simple moving average of $104.22 and a 200-day simple moving average of $104.01.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.15. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the company earned $1.00 earnings per share. The business’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 research analysts predict that Deckers Outdoor Corporation will post 7.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DECK shares. Raymond James Financial downgraded 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. Barclays restated an “overweight” rating and issued a $141.00 price target (down from $143.00) on shares of Deckers Outdoor in a research report on Tuesday, May 26th. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a research report on Monday, April 20th. Stifel Nicolaus set a $144.00 price target on Deckers Outdoor in a research report on Friday, May 29th. Finally, Wells Fargo & Company downgraded Deckers Outdoor from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $115.00 to $90.00 in a research report on Friday, May 8th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $121.11.

Deckers Outdoor 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.