California State Teachers Retirement System Purchases 4,576 Shares of Deckers Outdoor Co. (NYSE:DECK)

California State Teachers Retirement System grew its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 244,605 shares of the textile maker's stock after purchasing an additional 4,576 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Deckers Outdoor worth $49,677,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Mpwm Advisory Solutions LLC acquired a new stake in Deckers Outdoor in the fourth quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter valued at $29,000. Vega Investment Solutions bought a new stake in Deckers Outdoor during the 4th quarter worth $29,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Deckers Outdoor by 250.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock worth $34,000 after purchasing an additional 120 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in Deckers Outdoor in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 97.79% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Robert W. Baird reduced their price target on Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Raymond James reissued a "strong-buy" rating on shares of Deckers Outdoor in a report on Friday, May 23rd. KGI Securities upgraded shares of Deckers Outdoor to a "hold" rating in a research report on Monday, May 26th. Telsey Advisory Group lowered shares of Deckers Outdoor from an "outperform" rating to a "market perform" rating in a report on Friday, May 23rd. Finally, Needham & Company LLC set a $150.00 price objective on Deckers Outdoor and gave the company a "buy" rating in a report on Wednesday, May 21st. Thirteen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.68.

Deckers Outdoor Stock Down 1.6%

DECK traded down $1.70 during trading on Friday, hitting $105.57. 4,410,632 shares of the company's stock were exchanged, compared to its average volume of 2,554,723. The stock has a market cap of $16.02 billion, a P/E ratio of 17.11, a PEG ratio of 1.68 and a beta of 1.11. The business's 50 day moving average is $113.07 and its two-hundred day moving average is $155.60. Deckers Outdoor Co. has a fifty-two week low of $93.72 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The textile maker reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.43. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 EPS. On average, sell-side analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Deckers Outdoor declared that its Board of Directors has authorized a share repurchase program on Thursday, May 22nd that allows the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization allows the textile maker to reacquire up to 11.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction dated 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 directly owns 10,388 shares of the company's stock, valued at $1,396,978.24. This trade represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.