Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky raised its position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 1,062.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 163,758 shares of the textile maker's stock after purchasing an additional 149,669 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.11% of Deckers Outdoor worth $33,258,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. MetLife Investment Management LLC lifted its position in Deckers Outdoor by 0.8% during the fourth quarter. MetLife Investment Management LLC now owns 46,888 shares of the textile maker's stock valued at $9,522,000 after purchasing an additional 355 shares in the last quarter. Ossiam grew its stake in shares of Deckers Outdoor by 451.5% during the 4th quarter. Ossiam now owns 14,890 shares of the textile maker's stock valued at $3,024,000 after acquiring an additional 12,190 shares during the period. Claret Asset Management Corp bought a new stake in Deckers Outdoor during the 4th quarter worth approximately $234,000. Dimensional Fund Advisors LP lifted its holdings in Deckers Outdoor by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,038,393 shares of the textile maker's stock valued at $210,919,000 after purchasing an additional 72,483 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Deckers Outdoor by 13.0% in the fourth quarter. First Trust Advisors LP now owns 260,304 shares of the textile maker's stock worth $52,865,000 after purchasing an additional 30,044 shares during the period. Hedge funds and other institutional investors own 97.79% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Telsey Advisory Group reiterated an "outperform" rating and issued a $240.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Truist Financial lowered their price target on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Citigroup raised shares of Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price objective for the company in a report on Friday, February 7th. Barclays lifted their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $187.89.

Deckers Outdoor Stock Down 1.4 %

DECK traded down $1.52 during trading on Friday, reaching $109.13. The company had a trading volume of 2,006,045 shares, compared to its average volume of 2,374,980. The business has a 50 day simple moving average of $119.43 and a 200-day simple moving average of $163.73. The stock has a market cap of $16.56 billion, a P/E ratio of 17.69, a PEG ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, equities research analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the transaction, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

About Deckers Outdoor

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.