Deckers Outdoor Corporation $DECK Shares Acquired by Bank of Nova Scotia

Bank of Nova Scotia lifted its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 76.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 47,880 shares of the textile maker’s stock after acquiring an additional 20,798 shares during the period. Bank of Nova Scotia’s holdings in Deckers Outdoor were worth $4,792,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of DECK. Geneos Wealth Management Inc. increased its position in Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 215 shares during the period. Elyxium Wealth LLC bought a new position in shares of Deckers Outdoor in the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. lifted its position in Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares during the period. Activest Wealth Management lifted its holdings in shares of Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after buying an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

DECK has been the subject of a number of research reports. Robert W. Baird reduced their target price on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Friday. Zacks Research lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Raymond James Financial downgraded Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 target price on the stock. in a report on Thursday, April 23rd. Stifel Nicolaus set a $133.00 price target on shares of Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday. Finally, Piper Sandler restated a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $117.16.

Deckers Outdoor Stock Up 1.9%

Shares of DECK opened at $97.90 on Tuesday. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $125.45. The firm has a market capitalization of $13.60 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 1.90 and a beta of 1.17. The stock’s 50-day moving average price is $106.20 and its 200 day moving average price is $105.96.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $1.02 billion for 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 business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Equities research analysts expect that Deckers Outdoor Corporation will post 7.44 EPS for the current 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.