Teachers Retirement System of The State of Kentucky grew its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 466.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,089 shares of the textile maker's stock after buying an additional 11,600 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Deckers Outdoor were worth $2,246,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in DECK. FMR LLC lifted its stake in shares of Deckers Outdoor by 499.2% in the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker's stock worth $3,646,539,000 after acquiring an additional 19,053,113 shares in the last quarter. State Street Corp increased its holdings in Deckers Outdoor by 513.8% during the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker's stock worth $1,049,867,000 after purchasing an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Deckers Outdoor by 509.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker's stock valued at $646,316,000 after purchasing an additional 3,393,420 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Deckers Outdoor by 529.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker's stock valued at $203,674,000 after buying an additional 1,074,263 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of Deckers Outdoor by 904.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,011,073 shares of the textile maker's stock worth $161,216,000 after buying an additional 910,430 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.
A number of research firms have commented on DECK. Bank of America increased their price objective on shares of Deckers Outdoor from $170.00 to $182.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Needham & Company LLC lifted their price target on Deckers Outdoor from $218.00 to $226.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Evercore ISI boosted their price objective on Deckers Outdoor from $185.00 to $195.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Truist Financial increased their target price on Deckers Outdoor from $205.00 to $230.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Finally, TD Cowen boosted their price target on Deckers Outdoor from $178.00 to $185.00 and gave the company a "buy" rating in a report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of "Moderate Buy" and a consensus target price of $158.59.
View Our Latest Analysis on DECK
Shares of NYSE:DECK opened at $210.38 on Wednesday. Deckers Outdoor Co. has a 52 week low of $108.65 and a 52 week high of $213.03. The firm has a market capitalization of $31.96 billion, a P/E ratio of 36.97, a PEG ratio of 2.87 and a beta of 1.08. The firm's 50 day moving average is $177.93 and its two-hundred day moving average is $94.34.
Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter in the prior year, the business posted $1.14 earnings per share. The company's revenue for the quarter was up 20.1% compared to the same quarter last year. Analysts predict that Deckers Outdoor Co. will post 5.49 EPS for the current year.
In related news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now owns 259,266 shares of the company's stock, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas Garcia sold 18,000 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now owns 63,642 shares in the company, valued at $11,155,169.76. This represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,234 shares of company stock worth $15,248,513. 0.40% of the stock is owned by corporate insiders.
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.
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