California State Teachers Retirement System Sells 7,838 Shares of Deckers Outdoor Corporation $DECK

California State Teachers Retirement System decreased its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 3.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 215,085 shares of the textile maker's stock after selling 7,838 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Deckers Outdoor worth $21,355,790 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Elyxium Wealth LLC bought a new stake in Deckers Outdoor during the fourth quarter worth $30,000. Orion Capital Management LLC bought a new position in shares of Deckers Outdoor in the second quarter worth approximately $30,000. Hilton Head Capital Partners LLC bought a new stake in Deckers Outdoor during the fourth quarter worth approximately $35,000. Continuum Advisory LLC purchased a new stake in Deckers Outdoor in the second quarter worth about $38,000. Finally, Westfuller Advisors LLC lifted its position in Deckers Outdoor by 28,000.0% during the first quarter. Westfuller Advisors LLC now owns 562 shares of the textile maker's stock valued at $56,000 after purchasing an additional 560 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Truist Financial dropped their target price on shares of Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. KeyCorp reissued a "sector weight" rating on shares of Deckers Outdoor in a research note on Friday, July 24th. KGI Securities downgraded Deckers Outdoor from an "outperform" rating to a "neutral" rating and set a $117.00 target price for the company. in a research report on Friday, May 22nd. Robert W. Baird lowered their target price on Deckers Outdoor from $125.00 to $115.00 and set a "neutral" rating for the company in a report on Friday, July 24th. Finally, Needham & Company LLC reduced their price target on shares of Deckers Outdoor from $138.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Deckers Outdoor currently has an average rating of "Hold" and a consensus price target of $114.80.

Deckers Outdoor Trading Down 3.5%

Shares of Deckers Outdoor stock traded down $2.79 on Tuesday, hitting $77.75. 2,328,297 shares of the company traded hands, compared to its average volume of 2,391,695. The stock's 50 day moving average price is $94.68 and its 200-day moving average price is $101.47. Deckers Outdoor Corporation has a 52 week low of $77.37 and a 52 week high of $122.29. The company has a market cap of $10.59 billion, a PE ratio of 11.03, a PEG ratio of 1.26 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. Deckers Outdoor's quarterly revenue was up 5.7% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, research analysts anticipate that Deckers Outdoor Corporation will post 7.5 EPS for the current fiscal year.

Deckers Outdoor Profile

Deckers Outdoor Corporation NYSE: DECK designs, markets and distributes branded footwear, apparel and accessories. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, a performance and lifestyle footwear brand; Teva, which specializes in outdoor and adventure sandals and footwear; and Koolaburra by UGG, which offers accessible casual footwear and related products.

The company sells its products through department and specialty stores, independent retailers, digital commerce platforms and its own brand websites and retail stores.

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