New York State Teachers Retirement System Has $14.65 Million Position in Deckers Outdoor Corporation $DECK

Key Points

• New York State Teachers Retirement System raised its stake in Deckers Outdoor by 21.1% in Q4 to 141,272 shares, worth about $14.65 million (≈0.10% of the company).
• Deckers beat expectations for the quarter with $3.33 EPS versus $2.77 expected and $1.96B in revenue versus $1.87B expected, reporting a 19.46% net margin and 41.6% ROE.
• The outlook is mixed: analysts' consensus is an average "Hold" with a $126.35 target, insiders have been net sellers recently (9,092 shares, ≈$1.05M), and institutional ownership is very high at 97.79%.

New York State Teachers Retirement System grew its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 21.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,272 shares of the textile maker's stock after purchasing an additional 24,608 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Deckers Outdoor worth $14,646,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DECK. Pinnacle Investment Management Ltd purchased a new stake in Deckers Outdoor in the 3rd quarter worth about $2,027,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Deckers Outdoor by 46.2% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 59,800 shares of the textile maker's stock worth $6,062,000 after acquiring an additional 18,900 shares during the period. Nordea Investment Management AB grew its stake in Deckers Outdoor by 980.5% during the 3rd quarter. Nordea Investment Management AB now owns 359,343 shares of the textile maker's stock valued at $36,312,000 after acquiring an additional 326,086 shares in the last quarter. Lombard Odier Asset Management USA Corp acquired a new position in shares of Deckers Outdoor in the 3rd quarter valued at about $1,142,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Deckers Outdoor by 24.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 407,698 shares of the textile maker's stock valued at $43,538,000 after purchasing an additional 81,345 shares during the period. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Stock Down 0.1%

NYSE DECK opened at $100.78 on Monday. The stock has a market capitalization of $14.31 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 2.16 and a beta of 1.14. The company has a 50 day moving average price of $106.10 and a two-hundred day moving average price of $101.23. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $133.43.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, topping the consensus estimate of $2.77 by $0.56. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. Deckers Outdoor's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.00 EPS. As a group, equities analysts anticipate that Deckers Outdoor Corporation will post 6.87 EPS for the current year.

Insider Buying and Selling

In other Deckers Outdoor news, insider Anne Spangenberg sold 4,063 shares of the firm's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the transaction, the insider directly owned 80,449 shares in the company, valued at $9,333,692.98. This trade represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauri M. Shanahan sold 4,682 shares of the business's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the sale, the director directly owned 25,026 shares of the company's stock, valued at $2,873,985.84. This represents a 15.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 9,092 shares of company stock worth $1,048,552. Corporate insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Zacks Research cut shares of Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 21st. Raymond James Financial lowered shares of Deckers Outdoor from a "strong-buy" rating to an "outperform" rating and set a $133.00 target price for the company. in a research note on Thursday, April 23rd. Piper Sandler restated an "underweight" rating and set a $95.00 price target (up from $85.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Argus raised shares of Deckers Outdoor from a "hold" rating to a "buy" rating in a research note on Friday, February 20th. Finally, Robert W. Baird cut Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Deckers Outdoor presently has an average rating of "Hold" and a consensus target price of $126.35.

Deckers Outdoor Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company's product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.

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