29,571 Deckers Outdoor Corporation $DECK Shares Acquired by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Deckers Outdoor stake by 2,708% in the third quarter, acquiring 29,571 additional shares and bringing its total holdings to 30,663 shares valued at approximately $2.4 million.
• Institutional ownership remains very high at 97.79%, with major investors including BlackRock, UBS Asset Management, Bank of New York Mellon, Amundi, and Caisse de dépôt et placement du Québec.
• Deckers reported quarterly EPS of $0.94, beating estimates of $0.88, while revenue rose 5.7% year over year to $1.02 billion. Analysts’ consensus rating is Hold, with an average price target of $111.84 versus the stock’s reported $87.44 price.

TD Waterhouse Canada Inc. lifted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 2,708.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,663 shares of the textile maker's stock after acquiring an additional 29,571 shares during the period. TD Waterhouse Canada Inc.'s holdings in Deckers Outdoor were worth $2,396,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of DECK. BlackRock Inc. purchased a new stake in shares of Deckers Outdoor in the second quarter valued at about $1,343,613,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Deckers Outdoor by 21.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,116,595 shares of the textile maker's stock worth $210,157,000 after purchasing an additional 374,923 shares during the last quarter. Bank of New York Mellon Corp increased its position in Deckers Outdoor by 123.2% during the first quarter. Bank of New York Mellon Corp now owns 1,803,021 shares of the textile maker's stock worth $180,464,000 after purchasing an additional 995,099 shares during the last quarter. Amundi raised its stake in Deckers Outdoor by 13.2% during the first quarter. Amundi now owns 1,611,174 shares of the textile maker's stock worth $161,262,000 after purchasing an additional 187,702 shares during the period. Finally, Caisse de depot et placement du Quebec purchased a new position in Deckers Outdoor during the second quarter worth about $119,656,000. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Price Performance

NYSE DECK opened at $87.44 on Wednesday. The firm's 50-day moving average is $83.94 and its two-hundred day moving average is $97.18. Deckers Outdoor Corporation has a 12 month low of $77.20 and a 12 month high of $122.29. The stock has a market capitalization of $11.91 billion, a P/E ratio of 12.40, a PEG ratio of 1.35 and a beta of 1.12.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm posted $0.93 earnings per share. Deckers Outdoor's revenue was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, analysts anticipate that Deckers Outdoor Corporation will post 7.50 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Barclays set a $133.00 target price on shares of Deckers Outdoor and gave the company an "overweight" rating in a report on Friday, July 24th. UBS Group restated a "buy" rating and set a $140.00 price target on shares of Deckers Outdoor in a report on Thursday, October 15th. Wells Fargo & Company restated an "underweight" rating and set a $85.00 price target on shares of Deckers Outdoor in a report on Friday, July 24th. Truist Financial reduced their price target on shares of Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Finally, Stifel Nicolaus set a $133.00 price target on shares of Deckers Outdoor and gave the company a "buy" rating in a research report on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $111.84.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, doing business as Deckers Brands NYSE: DECK, is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.

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