California Public Employees Retirement System Reduces Holdings in Deckers Outdoor Co. (NYSE:DECK)

California Public Employees Retirement System reduced its position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 264,305 shares of the textile maker's stock after selling 27,894 shares during the quarter. California Public Employees Retirement System owned 0.17% of Deckers Outdoor worth $53,678,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DECK. Allspring Global Investments Holdings LLC lifted its holdings in Deckers Outdoor by 109.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker's stock valued at $91,965,000 after purchasing an additional 235,091 shares in the last quarter. Navellier & Associates Inc. raised its position in shares of Deckers Outdoor by 6.4% during the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker's stock worth $6,053,000 after purchasing an additional 1,791 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in Deckers Outdoor by 62.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker's stock valued at $1,407,000 after buying an additional 2,668 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Deckers Outdoor by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker's stock worth $203,300,000 after buying an additional 32,318 shares during the last quarter. Finally, Amundi increased its stake in Deckers Outdoor by 11.0% during the 4th quarter. Amundi now owns 1,088,351 shares of the textile maker's stock worth $225,855,000 after buying an additional 108,054 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction dated 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 completion of the transaction, the director now owns 241,777 shares of the company's stock, 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 currently owned by corporate insiders.

Deckers Outdoor Price Performance

Shares of NYSE:DECK traded up $5.16 during mid-day trading on Friday, reaching $106.04. 8,967,462 shares of the company were exchanged, compared to its average volume of 2,355,425. Deckers Outdoor Co. has a 1 year low of $93.72 and a 1 year high of $223.98. The firm's 50-day simple moving average is $142.96 and its 200 day simple moving average is $169.85. The firm has a market cap of $16.09 billion, a price-to-earnings ratio of 17.19, a P/E/G ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. On average, research analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DECK. Stifel Nicolaus lifted their price target on Deckers Outdoor from $181.00 to $185.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. Truist Financial reduced their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Needham & Company LLC restated a "buy" rating and set a $246.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Guggenheim reiterated a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, UBS Group boosted their target price on Deckers Outdoor from $267.00 to $284.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.41.

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.