Teachers Retirement System of The State of Kentucky Sells 152,042 Shares of Deckers Outdoor Corporation (NYSE:DECK)

Teachers Retirement System of The State of Kentucky lowered its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 92.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,716 shares of the textile maker's stock after selling 152,042 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Deckers Outdoor were worth $1,310,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC increased its position in Deckers Outdoor by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker's stock worth $831,723,000 after buying an additional 45,035 shares during the last quarter. Norges Bank purchased a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $392,583,000. Northern Trust Corp boosted its position in shares of Deckers Outdoor by 13.9% during the fourth quarter. Northern Trust Corp now owns 1,581,702 shares of the textile maker's stock valued at $321,228,000 after purchasing an additional 192,469 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Deckers Outdoor by 11.4% in 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 purchasing an additional 145,794 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Deckers Outdoor by 19.2% in the 4th quarter. Deutsche Bank AG now owns 1,114,739 shares of the textile maker's stock valued at $226,392,000 after acquiring an additional 179,485 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Price Performance

DECK stock traded up $11.69 during midday trading on Friday, reaching $116.63. 15,340,205 shares of the company were exchanged, compared to its average volume of 3,644,249. The business has a 50-day moving average price of $106.44 and a two-hundred day moving average price of $130.35. The firm has a market capitalization of $17.43 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 6.89 and a beta of 0.99. Deckers Outdoor Corporation has a one year low of $93.72 and a one year high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, topping the consensus estimate of $0.68 by $0.25. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.42%. The firm had revenue of $964.54 million during the quarter, compared to the consensus estimate of $901.45 million. During the same quarter in the previous year, the firm earned $4.52 earnings per share. The business's quarterly revenue was up 16.9% on a year-over-year basis. As a group, analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor declared that its Board of Directors has approved a share buyback program on Thursday, May 22nd that authorizes the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization authorizes the textile maker to purchase up to 11.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Cowen restated a "buy" rating on shares of Deckers Outdoor in a research note on Tuesday, May 20th. Raymond James Financial increased their price target on shares of Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a report on Friday. Stifel Nicolaus lowered their price target on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Truist Financial raised their price objective on shares of Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $120.00 target price on shares of Deckers Outdoor in a research report on Friday. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $131.77.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $109.08, for a total value of $32,724.00. Following the completion of the transaction, the director owned 10,681 shares in the company, valued at $1,165,083.48. This trade 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 hyperlink. Also, insider Angela Ogbechie sold 6,244 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $103.89, for a total value of $648,689.16. Following the completion of the transaction, the insider owned 19,980 shares of the company's stock, valued at approximately $2,075,722.20. This represents a 23.81% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

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.