TD Private Client Wealth LLC Acquires 112 Shares of Deckers Outdoor Co. (NYSE:DECK)

TD Private Client Wealth LLC raised its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,065 shares of the textile maker’s stock after acquiring an additional 112 shares during the quarter. TD Private Client Wealth LLC’s holdings in Deckers Outdoor were worth $216,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC boosted its position in Deckers Outdoor by 499.2% during the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after purchasing an additional 19,053,113 shares in the last quarter. State Street Corp lifted its position in shares of Deckers Outdoor by 513.8% during the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock valued at $1,049,867,000 after buying an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Deckers Outdoor by 509.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock valued at $646,316,000 after buying an additional 3,393,420 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Deckers Outdoor by 929.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after buying an additional 1,170,855 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Deckers Outdoor by 529.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock worth $203,674,000 after acquiring an additional 1,074,263 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $122.68 on Wednesday. The stock has a market cap of $18.62 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. The firm has a 50 day simple moving average of $158.97 and a 200-day simple moving average of $167.73. Deckers Outdoor Co. has a 1-year low of $112.10 and a 1-year high of $223.98.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Equities analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Insider Activity at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the sale, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the transaction, the director now owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on DECK shares. KeyCorp lifted their price target on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Telsey Advisory Group restated an “outperform” rating and set a $240.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Evercore ISI raised their price target on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Finally, Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

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.