TD Private Client Wealth LLC Boosts Stock Position in Deckers Outdoor Co. (NYSE:DECK)

TD Private Client Wealth LLC increased its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 447.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 953 shares of the textile maker’s stock after buying an additional 779 shares during the period. TD Private Client Wealth LLC’s holdings in Deckers Outdoor were worth $152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings 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 raised its position in shares of Deckers Outdoor by 513.8% during the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after purchasing an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC lifted its stake in 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Deckers Outdoor by 529.0% in 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 buying an additional 1,074,263 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Deckers Outdoor by 904.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,011,073 shares of the textile maker’s stock worth $161,216,000 after buying an additional 910,430 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Transactions at Deckers Outdoor

In other news, CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the transaction, the chief executive officer now owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Steven J. Fasching sold 9,198 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the sale, the chief financial officer now directly owns 161,838 shares in the company, valued at approximately $26,973,539.46. The trade was a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,234 shares of company stock worth $15,248,513 over the last ninety days. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DECK shares. TD Cowen lifted their price target on Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Robert W. Baird lifted their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. BTIG Research cut shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Finally, Piper Sandler set a $166.00 price objective on shares of Deckers Outdoor in a report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and an average target price of $158.59.

Deckers Outdoor Trading Down 0.4 %

Shares of NYSE:DECK opened at $210.38 on Wednesday. The business has a 50-day moving average price of $177.93 and a 200 day moving average price of $94.34. Deckers Outdoor Co. has a 12-month low of $108.65 and a 12-month high of $213.03. The company has a market capitalization of $31.96 billion, a price-to-earnings ratio of 36.97, a PEG ratio of 2.87 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business’s revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 EPS. As a group, equities research analysts predict that Deckers Outdoor Co. will post 5.49 earnings per share for the current fiscal year.

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.