Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lifted its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 1,062.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 163,758 shares of the textile maker's stock after acquiring an additional 149,669 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.11% of Deckers Outdoor worth $33,258,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in Deckers Outdoor in the 4th quarter valued at approximately $392,583,000. JPMorgan Chase & Co. boosted its holdings in Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock valued at $206,790,000 after acquiring an additional 1,170,855 shares during the period. Raymond James Financial Inc. purchased a new stake in Deckers Outdoor during the fourth quarter worth about $185,451,000. Envestnet Asset Management Inc. lifted its position in shares of Deckers Outdoor by 101.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,003,743 shares of the textile maker's stock worth $203,850,000 after purchasing an additional 505,139 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Deckers Outdoor by 507.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 593,020 shares of the textile maker's stock valued at $120,436,000 after purchasing an additional 495,364 shares during the period. Hedge funds and other institutional investors own 97.79% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company decreased their price target on shares of Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Jefferies Financial Group boosted 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. Truist Financial decreased their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Telsey Advisory Group reissued an "outperform" rating and issued a $240.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Bank of America lifted their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $187.89.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor 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 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 filing with the SEC, which is available through this hyperlink. Also, Director David Powers sold 25,000 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, the director now owns 241,777 shares of the company's stock, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their ownership of the stock. 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 DECK stock traded down $1.52 during mid-day trading on Friday, hitting $109.13. The stock had a trading volume of 2,005,613 shares, compared to its average volume of 2,377,125. Deckers Outdoor Co. has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The company's 50-day simple moving average is $120.36 and its 200-day simple moving average is $164.10. The firm has a market cap of $16.56 billion, a PE ratio of 17.69, a PEG ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating analysts' consensus estimates 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, analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Deckers Outdoor 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.