Deckers Outdoor Co. (NYSE:DECK) Holdings Decreased by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 167,380 shares of the textile maker’s stock after selling 7,500 shares during the quarter. New York State Common Retirement Fund’s holdings in Deckers Outdoor were worth $33,993,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Truist Financial Corp grew its holdings in shares of Deckers Outdoor by 2.9% during the fourth quarter. Truist Financial Corp now owns 54,321 shares of the textile maker’s stock valued at $11,032,000 after buying an additional 1,548 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Deckers Outdoor by 4.2% during the fourth quarter. CIBC Asset Management Inc now owns 23,265 shares of the textile maker’s stock valued at $4,725,000 after buying an additional 937 shares in the last quarter. Pittenger & Anderson Inc. grew its holdings in shares of Deckers Outdoor by 32.5% during the fourth quarter. Pittenger & Anderson Inc. now owns 12,217 shares of the textile maker’s stock valued at $2,481,000 after buying an additional 2,995 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Deckers Outdoor by 25.7% during the fourth quarter. Principal Financial Group Inc. now owns 499,568 shares of the textile maker’s stock valued at $101,457,000 after buying an additional 102,134 shares in the last quarter. Finally, Monument Capital Management grew its holdings in shares of Deckers Outdoor by 0.6% during the fourth quarter. Monument Capital Management now owns 19,106 shares of the textile maker’s stock valued at $3,880,000 after buying an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

NYSE DECK opened at $150.14 on Friday. Deckers Outdoor Co. has a twelve month low of $131.39 and a twelve month high of $223.98. The stock has a market capitalization of $22.79 billion, a PE ratio of 24.34, a P/E/G ratio of 1.75 and a beta of 1.07. The stock has a 50-day simple moving average of $195.11 and a 200 day simple moving average of $149.36.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DECK. Citigroup upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a report on Friday, February 7th. TD Cowen boosted their target price on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays boosted their target price on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Stifel Nicolaus boosted their target price on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company lowered their target price on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the transaction, the director now owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. The trade was a 2.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

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.