Marks Group Wealth Management Inc Acquires Shares of 9,253 Deckers Outdoor Co. (NYSE:DECK)

Marks Group Wealth Management Inc acquired a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,253 shares of the textile maker's stock, valued at approximately $6,185,000.

Several other hedge funds and other institutional investors have also modified their holdings of DECK. Morgan Stanley raised its holdings in Deckers Outdoor by 82.6% during the third quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker's stock valued at $599,633,000 after buying an additional 527,546 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in Deckers Outdoor during the third quarter valued at about $72,727,000. International Assets Investment Management LLC bought a new position in Deckers Outdoor during the fourth quarter valued at about $73,722,000. AQR Capital Management LLC grew its position in shares of Deckers Outdoor by 99.7% in the third quarter. AQR Capital Management LLC now owns 107,782 shares of the textile maker's stock valued at $55,410,000 after purchasing an additional 53,797 shares during the last quarter. Finally, Comerica Bank grew its position in shares of Deckers Outdoor by 21,149.7% in the third quarter. Comerica Bank now owns 39,737 shares of the textile maker's stock valued at $20,428,000 after purchasing an additional 39,550 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Up 2.7 %

DECK traded up $22.47 during midday trading on Wednesday, reaching $851.90. 368,456 shares of the company's stock were exchanged, compared to its average volume of 431,794. The firm has a market capitalization of $21.87 billion, a price-to-earnings ratio of 30.79, a price-to-earnings-growth ratio of 1.44 and a beta of 1.01. Deckers Outdoor Co. has a one year low of $424.36 and a one year high of $956.17. The business has a 50-day simple moving average of $884.06 and a two-hundred day simple moving average of $743.08.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $11.40 by $3.71. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The company had revenue of $1.56 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter in the previous year, the company posted $10.48 earnings per share. Deckers Outdoor's quarterly revenue was up 16.0% compared to the same quarter last year. As a group, research analysts anticipate that Deckers Outdoor Co. will post 26.87 EPS for the current fiscal year.

Insider Activity

In other news, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $922.85, for a total value of $5,530,640.05. Following the completion of the transaction, the chief executive officer now owns 98,218 shares in the company, valued at $90,640,481.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO David Powers sold 5,993 shares of the business's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $922.85, for a total value of $5,530,640.05. Following the completion of the transaction, the chief executive officer now owns 98,218 shares in the company, valued at approximately $90,640,481.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven J. Fasching sold 5,000 shares of the business's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the completion of the transaction, the chief financial officer now owns 29,291 shares of the company's stock, valued at approximately $24,733,320.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,464 shares of company stock worth $26,229,683. Insiders own 0.70% of the company's stock.

Analyst Ratings Changes

DECK has been the topic of several research analyst reports. KeyCorp initiated coverage on Deckers Outdoor in a research report on Wednesday, February 7th. They issued an "overweight" rating and a $960.00 price target on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $930.00 price target on shares of Deckers Outdoor in a research report on Thursday, February 15th. Raymond James raised their price target on Deckers Outdoor from $585.00 to $845.00 and gave the company an "outperform" rating in a research report on Tuesday, January 30th. TD Cowen raised their price target on Deckers Outdoor from $1,000.00 to $1,005.00 and gave the company a "buy" rating in a research report on Thursday, April 18th. Finally, Evercore ISI assumed coverage on Deckers Outdoor in a research report on Thursday, February 15th. They issued an "outperform" rating and a $960.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of "Moderate Buy" and a consensus price target of $890.93.

Deckers Outdoor Company Profile

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.