TD Asset Management Inc. Reduces Stock Position in Deckers Outdoor Co. (NYSE:DECK)

TD Asset Management Inc. cut its stake in Deckers Outdoor Co. (NYSE:DECK) by 17.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,280,723 shares of the textile maker’s stock after selling 265,707 shares during the quarter. TD Asset Management Inc.’s holdings in Deckers Outdoor were worth $260,102,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Resonant Capital Advisors LLC grew its stake in Deckers Outdoor by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock valued at $489,000 after acquiring an additional 52 shares in the last quarter. Bleakley Financial Group LLC raised its position in Deckers Outdoor by 3.9% during the fourth quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock valued at $293,000 after purchasing an additional 54 shares in the last quarter. Mather Group LLC. boosted its holdings in shares of Deckers Outdoor by 2.6% in the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock worth $521,000 after purchasing an additional 64 shares in the last quarter. Prosperity Wealth Management Inc. raised its holdings in shares of Deckers Outdoor by 2.8% during the 4th quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker’s stock valued at $564,000 after buying an additional 75 shares in the last quarter. Finally, WD Rutherford LLC raised its holdings in shares of Deckers Outdoor by 4.8% during the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock valued at $352,000 after buying an additional 79 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DECK has been the topic of a number of recent research reports. Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a research report on Friday, February 7th. Evercore ISI increased their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Barclays boosted their price target on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Stifel Nicolaus raised their price objective on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Finally, UBS Group boosted their target price on Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Nine equities 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Trading Up 5.9 %

Shares of Deckers Outdoor stock opened at $124.82 on Tuesday. The company’s fifty day simple moving average is $160.63 and its two-hundred day simple moving average is $167.03. Deckers Outdoor Co. has a 12-month low of $112.10 and a 12-month high of $223.98. The company has a market cap of $18.94 billion, a P/E ratio of 20.24, a PEG ratio of 1.68 and a beta of 1.10.

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

Insider Transactions at Deckers Outdoor

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

Deckers Outdoor Company 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.