Teacher Retirement System of Texas Reduces Holdings in Deckers Outdoor Co. (NYSE:DECK)

Teacher Retirement System of Texas trimmed its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 5.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 327,242 shares of the textile maker’s stock after selling 17,359 shares during the quarter. Teacher Retirement System of Texas’ holdings in Deckers Outdoor were worth $66,460,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Bell Investment Advisors Inc boosted its holdings in Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 146 shares during the period. Global Trust Asset Management LLC purchased a new stake in Deckers Outdoor in the 4th quarter valued at about $31,000. Brooklyn Investment Group purchased a new stake in shares of Deckers Outdoor in the third quarter valued at approximately $36,000. Avior Wealth Management LLC boosted its holdings in shares of Deckers Outdoor by 2,966.7% in the third quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 267 shares during the period. Finally, Fortitude Family Office LLC boosted its holdings in shares of 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 purchasing an additional 198 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $119.17 on Thursday. The firm has a market capitalization of $18.09 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. The business has a fifty day moving average of $165.87 and a 200 day moving average of $164.06. Deckers Outdoor Co. has a 1 year low of $115.00 and a 1 year high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) 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 expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated 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 in the company, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David Powers sold 25,000 shares of Deckers Outdoor 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 transaction, the director now directly owns 241,777 shares of the company’s stock, valued at approximately $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 insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Evercore ISI lifted their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Stifel Nicolaus upped their price objective on Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Telsey Advisory Group reissued an “outperform” rating and set a $240.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Needham & Company LLC reissued a “buy” rating and set a $246.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus target price of $197.41.

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.