State of Tennessee Department of Treasury Decreases Stake in Deckers Outdoor Co. (NYSE:DECK)

State of Tennessee Department of Treasury decreased its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,024 shares of the textile maker's stock after selling 2,627 shares during the quarter. State of Tennessee Department of Treasury's holdings in Deckers Outdoor were worth $12,596,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DECK. Vanguard Group Inc. lifted its stake in shares of Deckers Outdoor by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker's stock valued at $3,582,464,000 after purchasing an additional 229,807 shares during the period. Geode Capital Management LLC lifted its position in shares of Deckers Outdoor by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker's stock valued at $831,723,000 after acquiring an additional 45,035 shares during the period. Norges Bank purchased a new stake in shares of Deckers Outdoor during the 4th quarter worth approximately $392,583,000. American Century Companies Inc. grew its holdings in shares of Deckers Outdoor by 6.4% in the 4th quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker's stock worth $265,262,000 after acquiring an additional 78,623 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Deckers Outdoor by 929.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock valued at $206,790,000 after purchasing an additional 1,170,855 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Stock Performance

DECK opened at $106.41 on Wednesday. Deckers Outdoor Co. has a 1 year low of $93.72 and a 1 year high of $223.98. The company's 50 day simple moving average is $122.22 and its 200 day simple moving average is $164.83. The stock has a market capitalization of $16.15 billion, a PE ratio of 17.25, a P/E/G ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, sell-side analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction dated 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 sale, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Powers sold 25,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the sale, the director now directly owns 241,777 shares of the company's stock, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on DECK. Barclays upped their target price on Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Stifel Nicolaus lowered their price objective on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Needham & Company LLC restated a "buy" rating and set a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. UBS Group increased their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group lifted their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a research report on Tuesday, January 28th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $187.89.

About Deckers Outdoor

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.

Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Co. (NYSE:DECK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.