California Public Employees Retirement System Lowers Stock Position in Deckers Outdoor Co. (NYSE:DECK)

California Public Employees Retirement System decreased its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,916 shares of the textile maker’s stock after selling 2,906 shares during the period. California Public Employees Retirement System owned 0.20% of Deckers Outdoor worth $34,034,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Anchor Investment Management LLC purchased a new stake in Deckers Outdoor during the fourth quarter valued at approximately $33,000. FSC Wealth Advisors LLC purchased a new stake in Deckers Outdoor during the fourth quarter valued at approximately $39,000. Ritter Daniher Financial Advisory LLC DE lifted its position in Deckers Outdoor by 170.0% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock valued at $42,000 after acquiring an additional 51 shares during the last quarter. Janiczek Wealth Management LLC lifted its position in Deckers Outdoor by 20.8% during the fourth quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock valued at $62,000 after acquiring an additional 16 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in Deckers Outdoor during the fourth quarter valued at approximately $80,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $833.46 on Friday. The company’s fifty day moving average price is $882.26 and its 200 day moving average price is $746.60. Deckers Outdoor Co. has a 1 year low of $424.36 and a 1 year high of $956.17. The company has a market capitalization of $21.39 billion, a PE ratio of 29.98, a price-to-earnings-growth ratio of 1.51 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.40 by $3.71. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the firm posted $10.48 earnings per share. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, equities analysts expect that Deckers Outdoor Co. will post 26.87 EPS for the current year.

Analyst Upgrades and Downgrades

DECK has been the topic of a number of recent analyst reports. Truist Financial restated a “hold” rating and set a $864.00 price target (down previously from $983.00) on shares of Deckers Outdoor in a research note on Wednesday, April 10th. UBS Group upped their price target on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Barclays initiated coverage on shares of Deckers Outdoor in a research note on Monday, April 1st. They set an “overweight” rating and a $1,110.00 price target on the stock. TD Cowen upped their price target on shares of Deckers Outdoor from $1,000.00 to $1,005.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Finally, Piper Sandler upped their price target on shares of Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus price target of $889.00.

Insider Buying and Selling

In related news, insider Angela Ogbechie sold 313 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the sale, the insider now directly owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Angela Ogbechie sold 313 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the transaction, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,464 shares of company stock valued at $26,229,683. Corporate insiders own 0.70% of the company’s stock.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.