Deckers Outdoor Co. (NYSE:DECK) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in Deckers Outdoor Co. (NYSE:DECK) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. 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 approximately 0.17% of Deckers Outdoor worth $53,678,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global Trust Asset Management LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter worth about $31,000. Whittier Trust Co. of Nevada Inc. grew its stake in Deckers Outdoor by 250.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after purchasing an additional 120 shares in the last quarter. Fortitude Family Office LLC increased its holdings in Deckers Outdoor by 825.0% in the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock valued at $45,000 after buying an additional 198 shares during the last quarter. Rakuten Securities Inc. raised its stake in Deckers Outdoor by 59.8% during the fourth quarter. Rakuten Securities Inc. now owns 350 shares of the textile maker’s stock valued at $71,000 after buying an additional 131 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in Deckers Outdoor by 107.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 365 shares of the textile maker’s stock worth $74,000 after buying an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DECK. Stifel Nicolaus boosted their price target on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a report on Friday, January 31st. Truist Financial lowered 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 note on Friday, January 31st. Robert W. Baird raised their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Evercore ISI boosted their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $197.41.

Insider Buying and Selling

In other news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David Powers sold 25,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. This 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 owned by corporate insiders.

Deckers Outdoor Stock Performance

Shares of DECK opened at $113.43 on Wednesday. Deckers Outdoor Co. has a one year low of $107.37 and a one year high of $223.98. The stock’s fifty day moving average is $149.47 and its 200-day moving average is $170.86. The firm has a market capitalization of $17.22 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 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%. Analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal 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.