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

TD Private Client Wealth LLC grew its holdings in Deckers Outdoor Co. (NYSE:DECK) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,065 shares of the textile maker’s stock after acquiring an additional 112 shares during the period. TD Private Client Wealth LLC’s holdings in Deckers Outdoor were worth $216,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Global Trust Asset Management LLC bought a new position in Deckers Outdoor in the 4th quarter worth approximately $31,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Deckers Outdoor by 250.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after buying an additional 120 shares in the last quarter. Bell Investment Advisors Inc boosted its position in shares of Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after acquiring an additional 146 shares during the last quarter. Fortitude Family Office LLC grew its stake in Deckers Outdoor by 825.0% during the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 198 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in Deckers Outdoor during the third quarter valued at $36,000. Institutional investors own 97.79% of the company’s stock.

Insider Activity

In related news, Director David Powers sold 25,000 shares of the business’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was 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 in the company, valued at $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on DECK. Stifel Nicolaus increased their price objective on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a report on Friday, January 31st. UBS Group raised their price target on Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a report on Friday, January 31st. KeyCorp lifted their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Barclays increased their target price on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group boosted their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Deckers Outdoor currently has an average rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $122.68 on Wednesday. The company has a market cap of $18.62 billion, a P/E ratio of 19.89, a PEG ratio of 1.68 and a beta of 1.10. The firm has a 50-day simple moving average of $158.97 and a two-hundred 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 quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, equities research analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current year.

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.