Deckers Outdoor Co. (NYSE:DECK) Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama raised its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 3,428.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 199,753 shares of the textile maker's stock after purchasing an additional 194,092 shares during the quarter. Retirement Systems of Alabama owned 0.13% of Deckers Outdoor worth $31,851,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in DECK. Franklin Resources Inc. increased its stake in Deckers Outdoor by 497.5% during the 3rd quarter. Franklin Resources Inc. now owns 390,874 shares of the textile maker's stock worth $62,825,000 after buying an additional 325,451 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Deckers Outdoor in the third quarter worth $679,000. Tidal Investments LLC increased its position in shares of Deckers Outdoor by 3,540.6% during the third quarter. Tidal Investments LLC now owns 151,812 shares of the textile maker's stock worth $24,206,000 after acquiring an additional 147,642 shares during the period. M&T Bank Corp boosted its holdings in Deckers Outdoor by 512.5% in the third quarter. M&T Bank Corp now owns 6,970 shares of the textile maker's stock valued at $1,112,000 after purchasing an additional 5,832 shares during the period. Finally, Passumpsic Savings Bank grew its stake in Deckers Outdoor by 477.8% during the 3rd quarter. Passumpsic Savings Bank now owns 27,296 shares of the textile maker's stock worth $4,352,000 after purchasing an additional 22,572 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Up 0.7 %

NYSE:DECK traded up $1.45 during trading hours on Thursday, reaching $204.54. 1,556,494 shares of the company's stock were exchanged, compared to its average volume of 2,182,787. Deckers Outdoor Co. has a 1-year low of $108.65 and a 1-year high of $214.70. The firm has a market capitalization of $31.07 billion, a price-to-earnings ratio of 35.97, a P/E/G ratio of 2.87 and a beta of 1.08. The company has a 50-day moving average of $190.33 and a 200 day moving average of $109.43.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.35. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The business's revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the company posted $1.14 earnings per share. Research analysts forecast that Deckers Outdoor Co. will post 5.49 EPS for the current fiscal year.

Insider Activity

In other Deckers Outdoor news, insider Thomas Garcia sold 18,000 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the completion of the sale, the insider now owns 63,642 shares of the company's stock, valued at approximately $11,155,169.76. This trade represents a 22.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,234 shares of company stock valued at $15,248,513. Company insiders own 0.40% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on DECK. Needham & Company LLC increased their price target on Deckers Outdoor from $218.00 to $226.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. KeyCorp boosted their price target on shares of Deckers Outdoor from $190.00 to $213.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Bank of America raised their price objective on shares of Deckers Outdoor from $170.00 to $182.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Guggenheim began coverage on Deckers Outdoor in a report on Wednesday, October 9th. They issued a "neutral" rating on the stock. Finally, Seaport Res Ptn downgraded Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a report on Monday, October 7th. Nine 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 stock currently has an average rating of "Moderate Buy" and a consensus target price of $158.59.

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.