Retirement Systems of Alabama Acquires 7,026 Shares of Deckers Outdoor Co. (NYSE:DECK)

Retirement Systems of Alabama boosted its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,558 shares of the textile maker's stock after buying an additional 7,026 shares during the quarter. Retirement Systems of Alabama owned approximately 0.22% of Deckers Outdoor worth $38,473,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DECK. Handelsbanken Fonder AB increased its holdings in Deckers Outdoor by 12.4% in the 4th quarter. Handelsbanken Fonder AB now owns 5,444 shares of the textile maker's stock worth $3,639,000 after acquiring an additional 600 shares during the last quarter. Advisor Resource Council bought a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $970,000. Advisors Preferred LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter valued at approximately $2,271,000. Marks Group Wealth Management Inc bought a new position in Deckers Outdoor in the 4th quarter worth approximately $6,185,000. Finally, Louisiana State Employees Retirement System purchased a new position in Deckers Outdoor in the 4th quarter valued at approximately $4,813,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Down 0.1 %

Shares of NYSE DECK traded down $1.03 during trading hours on Monday, reaching $832.43. 173,692 shares of the stock traded hands, compared to its average volume of 427,317. The company has a market capitalization of $21.37 billion, a P/E ratio of 29.94, a price-to-earnings-growth ratio of 1.48 and a beta of 1.01. The company's 50-day simple moving average is $881.65 and its two-hundred day simple moving average is $752.31. Deckers Outdoor Co. has a 52-week low of $424.36 and a 52-week 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 earnings per share for the quarter, topping analysts' consensus estimates of $11.40 by $3.71. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the business posted $10.48 EPS. The business's quarterly revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts forecast that Deckers Outdoor Co. will post 26.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DECK. Wells Fargo & Company raised their price target on Deckers Outdoor from $625.00 to $775.00 and gave the stock an "equal weight" rating in a report on Friday, February 2nd. Truist Financial reaffirmed a "hold" rating and set a $864.00 target price (down previously from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. Piper Sandler increased their price target on shares of Deckers Outdoor from $650.00 to $730.00 and gave the stock a "neutral" rating in a report on Wednesday, January 24th. Stifel Nicolaus upped their target price on shares of Deckers Outdoor from $709.00 to $775.00 and gave the stock a "hold" rating in a report on Friday, February 2nd. Finally, Wedbush reissued an "outperform" rating and issued a $1,000.00 price target on shares of Deckers Outdoor in a report on Wednesday, April 10th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $889.00.

Insider Activity

In other news, CEO David Powers sold 5,993 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $862.53, for a total transaction of $5,169,142.29. Following the completion of the sale, the chief executive officer now owns 98,218 shares of the company's stock, valued at $84,715,971.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Deckers Outdoor news, CFO Steven J. Fasching sold 5,000 shares of the company's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the completion of the transaction, the chief financial officer now owns 29,291 shares of the company's stock, valued at approximately $24,733,320.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Powers sold 5,993 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The shares were 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 $84,715,971.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,464 shares of company stock valued at $26,229,683. 0.70% of the stock is currently owned by insiders.

Deckers Outdoor Company 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.