California Public Employees Retirement System Has $34.03 Million Stake in Deckers Outdoor Co. (NYSE:DECK)

California Public Employees Retirement System trimmed its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,916 shares of the textile maker's stock after selling 2,906 shares during the period. California Public Employees Retirement System owned approximately 0.20% of Deckers Outdoor worth $34,034,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Morgan Stanley increased its position in Deckers Outdoor by 82.6% in the 3rd quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker's stock worth $599,633,000 after purchasing an additional 527,546 shares during the last quarter. Invesco Ltd. increased its position in Deckers Outdoor by 8.9% in the 3rd quarter. Invesco Ltd. now owns 456,957 shares of the textile maker's stock worth $234,917,000 after purchasing an additional 37,194 shares during the last quarter. Northern Trust Corp increased its position in Deckers Outdoor by 2.6% in the 3rd quarter. Northern Trust Corp now owns 231,535 shares of the textile maker's stock worth $119,030,000 after purchasing an additional 5,972 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in Deckers Outdoor in the 3rd quarter worth about $72,727,000. Finally, Ameriprise Financial Inc. increased its position in Deckers Outdoor by 12.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 141,402 shares of the textile maker's stock worth $72,694,000 after purchasing an additional 15,541 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $862.53, for a total value of $5,169,142.29. Following the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $84,715,971.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO David Powers sold 5,993 shares of the firm's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $862.53, for a total value of $5,169,142.29. Following the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $84,715,971.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bonita C. Stewart sold 3,500 shares of the firm's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $871.11, for a total value of $3,048,885.00. Following the completion of the transaction, the director now owns 8,863 shares in the company, valued at $7,720,647.93. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,464 shares of company stock worth $26,229,683. Insiders own 0.70% of the company's stock.

Deckers Outdoor Price Performance

Shares of DECK traded up $26.96 during mid-day trading on Friday, reaching $833.46. The company had a trading volume of 268,823 shares, compared to its average volume of 377,053. The company has a market capitalization of $21.39 billion, a P/E ratio of 29.98, a P/E/G ratio of 1.43 and a beta of 1.01. The company's 50-day moving average is $882.26 and its 200-day moving average is $748.27. Deckers Outdoor Co. has a twelve month low of $424.36 and a twelve month high of $956.17.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, beating analysts' consensus estimates of $11.40 by $3.71. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The business's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $10.48 EPS. As a group, equities analysts expect that Deckers Outdoor Co. will post 26.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on DECK. Evercore ISI began coverage on Deckers Outdoor in a research note on Thursday, February 15th. They set an "outperform" rating and a $960.00 price target for the company. UBS Group upped their price target on Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a "buy" rating in a research note on Friday, February 2nd. TD Cowen upped their price target on Deckers Outdoor from $1,000.00 to $1,005.00 and gave the stock a "buy" rating in a research note on Thursday, April 18th. Piper Sandler upped their price target on Deckers Outdoor from $650.00 to $730.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 24th. Finally, Wedbush reiterated an "outperform" rating and set a $1,000.00 price target on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of "Moderate Buy" and an average target price of $889.00.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.