TD Waterhouse Canada Inc. Purchases 29,571 Shares of Deckers Outdoor Corporation $DECK

TD Waterhouse Canada Inc. lifted its position in Deckers Outdoor Corporation (NYSE:DECK) by 2,708.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 30,663 shares of the textile maker’s stock after buying an additional 29,571 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Deckers Outdoor were worth $2,396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Costello Asset Management INC increased its stake in Deckers Outdoor by 14.3% during the 1st quarter. Costello Asset Management INC now owns 800 shares of the textile maker’s stock worth $80,000 after buying an additional 100 shares during the period. Hilton Head Capital Partners LLC raised its holdings in Deckers Outdoor by 29.8% in the first quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker’s stock valued at $44,000 after acquiring an additional 101 shares in the last quarter. Cim LLC raised its holdings in Deckers Outdoor by 1.1% in the first quarter. Cim LLC now owns 12,207 shares of the textile maker’s stock valued at $1,222,000 after acquiring an additional 133 shares in the last quarter. Resonant Capital Advisors LLC raised its holdings in Deckers Outdoor by 3.4% in the first quarter. Resonant Capital Advisors LLC now owns 4,250 shares of the textile maker’s stock valued at $425,000 after acquiring an additional 138 shares in the last quarter. Finally, Tema ETFs LLC lifted its stake in Deckers Outdoor by 5.6% in the second quarter. Tema ETFs LLC now owns 2,734 shares of the textile maker’s stock worth $271,000 after acquiring an additional 145 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Up 0.2%

Shares of Deckers Outdoor stock opened at $87.44 on Wednesday. The firm has a market capitalization of $11.91 billion, a P/E ratio of 12.40, a P/E/G ratio of 1.35 and a beta of 1.12. Deckers Outdoor Corporation has a 52 week low of $77.20 and a 52 week high of $122.29. The firm’s 50 day moving average is $83.94 and its two-hundred day moving average is $97.18.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data 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. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, research analysts expect that Deckers Outdoor Corporation will post 7.50 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wells Fargo & Company reiterated an “underweight” rating and set a $85.00 price target on shares of Deckers Outdoor in a report on Friday, July 24th. Weiss Ratings lowered shares of Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 3rd. BMO Capital Markets began coverage on shares of Deckers Outdoor in a report on Tuesday, September 8th. They issued an “underperform” rating and a $70.00 price objective on the stock. Stifel Nicolaus set a $133.00 price objective on shares of Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, UBS Group reiterated a “buy” rating and set a $140.00 target price on shares of Deckers Outdoor in a research note on Thursday, October 15th. Nine equities 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $111.84.

Deckers Outdoor 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.