Marshall Financial Group LLC Boosts Stake in Deckers Outdoor Co. (NYSE:DECK)

Marshall Financial Group LLC lifted its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,471 shares of the textile maker’s stock after buying an additional 238 shares during the period. Marshall Financial Group LLC’s holdings in Deckers Outdoor were worth $1,517,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. First Citizens Bank & Trust Co. boosted its stake in shares of Deckers Outdoor by 11.4% in the 4th quarter. First Citizens Bank & Trust Co. now owns 2,917 shares of the textile maker’s stock worth $592,000 after buying an additional 299 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in Deckers Outdoor by 28.0% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,396 shares of the textile maker’s stock valued at $1,502,000 after acquiring an additional 1,616 shares during the period. Carr Financial Group Corp purchased a new position in Deckers Outdoor in the fourth quarter worth about $202,000. CX Institutional grew its stake in shares of Deckers Outdoor by 4.3% during the 4th quarter. CX Institutional now owns 2,571 shares of the textile maker’s stock valued at $522,000 after purchasing an additional 107 shares during the period. Finally, RFG Advisory LLC increased its position in shares of Deckers Outdoor by 21.1% during the 4th quarter. RFG Advisory LLC now owns 2,114 shares of the textile maker’s stock valued at $429,000 after purchasing an additional 368 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DECK shares. BTIG Research lowered shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. Seaport Res Ptn lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Piper Sandler set a $166.00 target price on Deckers Outdoor in a research report on Thursday, October 17th. Guggenheim began coverage on Deckers Outdoor in a research report on Wednesday, October 9th. They issued a “neutral” rating for the company. Finally, Evercore ISI lifted their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.20.

Deckers Outdoor Stock Down 0.8 %

DECK opened at $216.90 on Friday. The company has a market capitalization of $32.95 billion, a PE ratio of 38.14, a price-to-earnings-growth ratio of 2.98 and a beta of 1.08. The firm has a 50-day simple moving average of $203.00 and a two-hundred day simple moving average of $130.43. Deckers Outdoor Co. has a 52 week low of $125.15 and a 52 week high of $218.92.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.35. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS. As a group, sell-side analysts expect that Deckers Outdoor Co. will post 5.56 earnings per share for the current year.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the transaction, the director now owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. The trade was a 2.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the sale, the chief executive officer now owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,036 shares of company stock worth $13,715,482. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.