Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank raised its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 31.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 71,544 shares of the textile maker's stock after acquiring an additional 17,002 shares during the period. Toronto Dominion Bank's holdings in Deckers Outdoor were worth $14,530,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in DECK. Vanguard Group Inc. increased its stake in Deckers Outdoor by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker's stock valued at $3,582,464,000 after purchasing an additional 229,807 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Deckers Outdoor by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker's stock valued at $831,723,000 after acquiring an additional 45,035 shares during the last quarter. Norges Bank purchased a new position in shares of Deckers Outdoor during the 4th quarter worth about $392,583,000. Northern Trust Corp boosted its position in shares of Deckers Outdoor by 13.9% in the fourth quarter. Northern Trust Corp now owns 1,581,702 shares of the textile maker's stock worth $321,228,000 after acquiring an additional 192,469 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Deckers Outdoor by 6.4% in the fourth quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker's stock valued at $265,262,000 after purchasing an additional 78,623 shares during the period. Hedge funds and other institutional investors own 97.79% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on DECK shares. Needham & Company LLC reaffirmed a "buy" rating and set a $246.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Raymond James upgraded Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and reduced their target price for the company from $235.00 to $150.00 in a report on Thursday, April 10th. UBS Group boosted their price target on Deckers Outdoor from $150.00 to $158.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Telsey Advisory Group restated an "outperform" rating and issued a $240.00 price objective on shares of Deckers Outdoor in a report on Friday. Finally, Wells Fargo & Company increased their target price on shares of Deckers Outdoor from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $162.16.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $127.22 on Tuesday. The stock has a market cap of $19.31 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a one year low of $93.72 and a one year high of $223.98. The business's 50-day simple moving average is $114.30 and its 200 day simple moving average is $159.24.

Insiders Place Their Bets

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

Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Co. (NYSE:DECK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.