Deckers Outdoor Co. (NYSE:DECK) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System increased its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,283 shares of the textile maker’s stock after purchasing an additional 599 shares during the period. Arizona State Retirement System’s holdings in Deckers Outdoor were worth $8,993,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Deckers Outdoor by 109.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock worth $91,965,000 after buying an additional 235,091 shares during the period. Wilmington Savings Fund Society FSB lifted its position in Deckers Outdoor by 62.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker’s stock worth $1,407,000 after acquiring an additional 2,668 shares during the period. Navellier & Associates Inc. grew its stake in shares of Deckers Outdoor by 6.4% in the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker’s stock valued at $6,053,000 after purchasing an additional 1,791 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Deckers Outdoor by 25.7% in the fourth quarter. Principal Financial Group Inc. now owns 499,568 shares of the textile maker’s stock valued at $101,457,000 after purchasing an additional 102,134 shares during the period. Finally, Sigma Investment Counselors Inc. purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth approximately $3,143,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DECK. KeyCorp lifted their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial dropped their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Barclays raised their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Needham & Company LLC reiterated a “buy” rating and set a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Bank of America raised their price target on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $197.41.

Insiders Place Their Bets

In other news, Director David Powers sold 25,000 shares of the stock in a transaction dated 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 in the company, valued at $33,568,318.68. This represents a 9.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the sale, the chief executive officer now owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Trading Down 3.3 %

Shares of DECK stock opened at $131.61 on Friday. The company has a market capitalization of $19.98 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.68 and a beta of 1.07. The firm has a 50-day moving average price of $181.36 and a 200 day moving average price of $157.28. Deckers Outdoor Co. has a twelve month low of $130.76 and a twelve month high of $223.98.

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, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, research analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

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.