California Public Employees Retirement System Has $53.68 Million Stock Position in Deckers Outdoor Co. (NYSE:DECK)

California Public Employees Retirement System lessened its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 9.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 264,305 shares of the textile maker’s stock after selling 27,894 shares during the quarter. California Public Employees Retirement System’s holdings in Deckers Outdoor were worth $53,678,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DECK. Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter valued at approximately $31,000. Whittier Trust Co. of Nevada Inc. raised its stake in Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 120 shares during the period. Fortitude Family Office LLC lifted 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 in the last quarter. Rakuten Securities Inc. boosted its position in shares of Deckers Outdoor by 59.8% in the fourth quarter. Rakuten Securities Inc. now owns 350 shares of the textile maker’s stock worth $71,000 after buying an additional 131 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Deckers Outdoor by 107.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 365 shares of the textile maker’s stock valued at $74,000 after buying an additional 189 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Up 1.4 %

Shares of Deckers Outdoor stock opened at $113.43 on Wednesday. Deckers Outdoor Co. has a 12-month low of $107.37 and a 12-month high of $223.98. The stock has a market capitalization of $17.22 billion, a P/E ratio of 18.39, a PEG ratio of 1.68 and a beta of 1.10. The stock has a 50 day moving average price of $149.47 and a two-hundred day moving average price of $170.86.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Sell-side analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Analysts Set New Price Targets

DECK has been the subject of a number of research reports. Truist Financial decreased their price objective on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Barclays boosted 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. KeyCorp increased their target price on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Bank of America boosted their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $246.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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 on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the transaction, the director now owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David Powers sold 25,000 shares of the stock in a transaction 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 completion of the sale, 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 owned by insiders.

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.