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

Key Points

• Marks Group Wealth Management Inc increased its holdings in Deckers Outdoor Corporation by 16.5%, owning 73,272 shares worth approximately $7.55 million.
• Deckers Outdoor reported a Q2 EPS of $0.93, exceeding analysts' expectations of $0.68, with revenue rising 16.9% year-over-year to $964.54 million.
• Several brokerages set new price targets for Deckers Outdoor, with Barclays raising its target from $134.00 to $141.00 and maintaining an "overweight" rating.

Marks Group Wealth Management Inc increased its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 16.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,272 shares of the textile maker's stock after buying an additional 10,370 shares during the quarter. Marks Group Wealth Management Inc's holdings in Deckers Outdoor were worth $7,552,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of DECK. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Deckers Outdoor during the 1st quarter worth approximately $34,000. Cromwell Holdings LLC grew its stake in shares of Deckers Outdoor by 4,766.7% during the 2nd quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker's stock worth $45,000 after purchasing an additional 429 shares during the period. Olde Wealth Management LLC acquired a new stake in shares of Deckers Outdoor during the 1st quarter worth approximately $47,000. Banque Transatlantique SA acquired a new stake in shares of Deckers Outdoor during the 1st quarter worth approximately $51,000. Finally, Costello Asset Management INC acquired a new stake in shares of Deckers Outdoor during the 1st quarter worth approximately $78,000. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $103.05 on Monday. The stock's fifty day moving average is $110.62 and its two-hundred day moving average is $109.98. The firm has a market capitalization of $15.29 billion, a P/E ratio of 15.80, a PEG ratio of 3.93 and a beta of 1.05. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.25. The company had revenue of $964.54 million for the quarter, compared to analyst estimates of $901.45 million. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.The firm's revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. On average, equities analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on DECK. Barclays raised their price objective on shares of Deckers Outdoor from $134.00 to $141.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Evercore ISI increased their target price on Deckers Outdoor from $110.00 to $115.00 and gave the company an "in-line" rating in a research report on Friday, July 25th. Needham & Company LLC reiterated a "buy" rating and set a $128.00 target price (up previously from $120.00) on shares of Deckers Outdoor in a research report on Wednesday, July 23rd. Truist Financial increased their target price on Deckers Outdoor from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Wells Fargo & Company increased their target price on Deckers Outdoor from $90.00 to $100.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $136.32.

Insider Activity at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the transaction, the director owned 10,979 shares of the company's stock, valued at approximately $1,295,741.58. The trade was a 2.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.40% of the stock is currently owned by corporate insiders.

About Deckers Outdoor

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.

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