TD Asset Management Inc Boosts Position in Deckers Outdoor Corporation $DECK

TD Asset Management Inc raised its position in Deckers Outdoor Corporation (NYSE:DECK) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,456,239 shares of the textile maker’s stock after buying an additional 77,896 shares during the quarter. TD Asset Management Inc owned approximately 1.03% of Deckers Outdoor worth $150,968,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC purchased a new stake in Deckers Outdoor in the fourth quarter valued at approximately $262,000. Lido Advisors LLC lifted its stake in Deckers Outdoor by 7.1% in the fourth quarter. Lido Advisors LLC now owns 2,479 shares of the textile maker’s stock valued at $252,000 after buying an additional 164 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Deckers Outdoor by 64.0% in the fourth quarter. CIBC Asset Management Inc now owns 34,674 shares of the textile maker’s stock valued at $3,595,000 after buying an additional 13,535 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Deckers Outdoor by 109.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,656,405 shares of the textile maker’s stock valued at $171,720,000 after buying an additional 867,397 shares during the last quarter. Finally, Peak Retirement Planning Inc. lifted its stake in Deckers Outdoor by 52.3% in the fourth quarter. Peak Retirement Planning Inc. now owns 27,937 shares of the textile maker’s stock valued at $2,896,000 after buying an additional 9,594 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DECK shares. Piper Sandler raised Deckers Outdoor from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $95.00 to $100.00 in a report on Monday, May 18th. KeyCorp reissued a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, May 22nd. Barclays reissued an “overweight” rating and issued a $141.00 target price (down from $143.00) on shares of Deckers Outdoor in a report on Tuesday, May 26th. Wells Fargo & Company lowered Deckers Outdoor from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $115.00 to $90.00 in a report on Friday, May 8th. Finally, Stifel Nicolaus set a $144.00 target price on Deckers Outdoor in a report on Friday, May 29th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Deckers Outdoor has a consensus rating of “Hold” and a consensus target price of $121.11.

Deckers Outdoor Trading Up 1.5%

NYSE:DECK opened at $108.92 on Friday. The firm has a market cap of $15.13 billion, a P/E ratio of 15.47, a PEG ratio of 2.13 and a beta of 1.16. The stock’s 50 day simple moving average is $103.74 and its 200-day simple moving average is $103.64. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $126.50.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.15. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. Deckers Outdoor’s quarterly revenue was up 9.5% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Research analysts forecast that Deckers Outdoor Corporation will post 7.44 EPS for the current fiscal year.

About Deckers Outdoor

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.