California Public Employees Retirement System decreased its position in shares of Deckers Outdoor Co. (NYSE:DECK – Free Report) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,916 shares of the textile maker’s stock after selling 2,906 shares during the period. California Public Employees Retirement System owned 0.20% of Deckers Outdoor worth $34,034,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Anchor Investment Management LLC purchased a new stake in Deckers Outdoor during the fourth quarter valued at approximately $33,000. FSC Wealth Advisors LLC purchased a new stake in Deckers Outdoor during the fourth quarter valued at approximately $39,000. Ritter Daniher Financial Advisory LLC DE lifted its position in Deckers Outdoor by 170.0% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock valued at $42,000 after acquiring an additional 51 shares during the last quarter. Janiczek Wealth Management LLC lifted its position in Deckers Outdoor by 20.8% during the fourth quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock valued at $62,000 after acquiring an additional 16 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in Deckers Outdoor during the fourth quarter valued at approximately $80,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.
Deckers Outdoor Stock Performance
Shares of NYSE DECK opened at $833.46 on Friday. The company’s fifty day moving average price is $882.26 and its 200 day moving average price is $746.60. Deckers Outdoor Co. has a 1 year low of $424.36 and a 1 year high of $956.17. The company has a market capitalization of $21.39 billion, a PE ratio of 29.98, a price-to-earnings-growth ratio of 1.51 and a beta of 1.01.
Analyst Upgrades and Downgrades
DECK has been the topic of a number of recent analyst reports. Truist Financial restated a “hold” rating and set a $864.00 price target (down previously from $983.00) on shares of Deckers Outdoor in a research note on Wednesday, April 10th. UBS Group upped their price target on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Barclays initiated coverage on shares of Deckers Outdoor in a research note on Monday, April 1st. They set an “overweight” rating and a $1,110.00 price target on the stock. TD Cowen upped their price target on shares of Deckers Outdoor from $1,000.00 to $1,005.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Finally, Piper Sandler upped their price target on shares of Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus price target of $889.00.
Read Our Latest Stock Analysis on Deckers Outdoor
Insider Buying and Selling
In related news, insider Angela Ogbechie sold 313 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the sale, the insider now directly owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Angela Ogbechie sold 313 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the transaction, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,464 shares of company stock valued at $26,229,683. Corporate insiders own 0.70% of the company’s stock.
Deckers Outdoor Company 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 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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