New York State Common Retirement Fund Sells 38,224 Shares of Deckers Outdoor Corporation (NYSE:DECK)

New York State Common Retirement Fund trimmed its position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 22.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,156 shares of the textile maker's stock after selling 38,224 shares during the quarter. New York State Common Retirement Fund owned approximately 0.09% of Deckers Outdoor worth $14,441,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Deckers Outdoor by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker's stock worth $3,582,464,000 after acquiring an additional 229,807 shares during the period. Geode Capital Management LLC boosted its position in Deckers Outdoor by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker's stock worth $831,723,000 after acquiring an additional 45,035 shares during the period. Norges Bank acquired a new position in Deckers Outdoor during the 4th quarter worth $392,583,000. Northern Trust Corp boosted its position in Deckers Outdoor by 13.9% during the 4th quarter. Northern Trust Corp now owns 1,581,702 shares of the textile maker's stock worth $321,228,000 after acquiring an additional 192,469 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Deckers Outdoor by 11.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,149 shares of the textile maker's stock worth $289,027,000 after acquiring an additional 145,794 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Performance

Shares of NYSE DECK traded up $0.68 during mid-day trading on Friday, reaching $101.90. 3,411,771 shares of the company traded hands, compared to its average volume of 2,700,728. The stock has a market cap of $15.23 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 5.95 and a beta of 0.99. The company's fifty day moving average is $108.14 and its two-hundred day moving average is $133.11. Deckers Outdoor Corporation 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 issued its quarterly earnings data on Thursday, May 22nd. The textile maker reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.43. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Deckers Outdoor had a return on equity of 41.17% and a net margin of 19.49%. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 EPS. Research analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

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

Insider Activity

In related news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $109.08, for a total transaction of $32,724.00. Following the completion of the sale, the director owned 10,681 shares in the company, valued at $1,165,083.48. This represents a 2.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Cindy L. Davis bought 1,825 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were acquired at an average price of $109.76 per share, with a total value of $200,312.00. Following the purchase, the director owned 13,340 shares in the company, valued at $1,464,198.40. This trade represents a 15.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Stifel Nicolaus reduced their price target on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Robert W. Baird reduced their target price on Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. KeyCorp reaffirmed a "sector weight" rating and set a $150.00 target price on shares of Deckers Outdoor in a report on Friday, May 23rd. TD Securities upped their target price on Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Finally, UBS Group reduced their target price on Deckers Outdoor from $169.00 to $144.00 and set a "buy" rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $135.61.

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.