State of New Jersey Common Pension Fund D Sells 815 Shares of Deckers Outdoor Co. (NYSE:DECK)

State of New Jersey Common Pension Fund D trimmed its position in Deckers Outdoor Co. (NYSE:DECKFree Report) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,128 shares of the textile maker’s stock after selling 815 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.05% of Deckers Outdoor worth $7,263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in DECK. Steward Financial Group LLC bought a new stake in Deckers Outdoor in the second quarter valued at $25,000. West Oak Capital LLC boosted its holdings in shares of Deckers Outdoor by 100.0% during the 3rd quarter. West Oak Capital LLC now owns 100 shares of the textile maker’s stock valued at $51,000 after buying an additional 50 shares in the last quarter. Pinpoint Asset Management Ltd purchased a new position in shares of Deckers Outdoor in the 1st quarter worth about $67,000. Massmutual Trust Co. FSB ADV raised its position in shares of Deckers Outdoor by 81.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 131 shares of the textile maker’s stock worth $69,000 after purchasing an additional 59 shares during the last quarter. Finally, Fortis Capital Advisors LLC purchased a new position in Deckers Outdoor in the 4th quarter worth about $69,000. 95.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO David Powers sold 17,978 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $716.52, for a total transaction of $12,881,596.56. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $70,375,161.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Caroti Stefano sold 14,725 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $687.46, for a total transaction of $10,122,848.50. Following the sale, the insider now owns 49,036 shares in the company, valued at approximately $33,710,288.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Powers sold 17,978 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $716.52, for a total value of $12,881,596.56. Following the sale, the chief executive officer now owns 98,218 shares in the company, valued at approximately $70,375,161.36. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

DECK has been the subject of a number of recent analyst reports. Citigroup lowered Deckers Outdoor from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $665.00 to $710.00 in a research report on Friday, December 8th. Piper Sandler boosted their price objective on Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Robert W. Baird boosted their price objective on Deckers Outdoor from $650.00 to $750.00 and gave the company an “outperform” rating in a research note on Monday, December 4th. UBS Group boosted their price objective on Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Wedbush boosted their price objective on Deckers Outdoor from $825.00 to $895.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $846.77.

Get Our Latest Research Report on Deckers Outdoor

Deckers Outdoor Price Performance

DECK stock opened at $845.22 on Monday. Deckers Outdoor Co. has a 1-year low of $395.90 and a 1-year high of $903.70. The company has a market capitalization of $21.70 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 1.65 and a beta of 0.99. The business has a 50 day simple moving average of $726.69 and a two-hundred day simple moving average of $614.88.

Deckers Outdoor (NYSE:DECKGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, topping the consensus estimate of $11.40 by $3.71. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company posted $10.48 EPS. Sell-side analysts anticipate that Deckers Outdoor Co. will post 26.9 EPS for the current fiscal year.

About Deckers Outdoor

(Free Report)

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.

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Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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