Public Employees Retirement Association of Colorado Has $1.82 Million Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Public Employees Retirement Association of Colorado cut its holdings in Deckers Outdoor Co. (NYSE:DECKFree Report) by 93.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,718 shares of the textile maker’s stock after selling 37,107 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Deckers Outdoor were worth $1,817,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its position in Deckers Outdoor by 74.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,272 shares of the textile maker’s stock worth $2,187,000 after purchasing an additional 1,400 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Deckers Outdoor by 36.1% during the fourth quarter. First Trust Advisors LP now owns 58,495 shares of the textile maker’s stock worth $39,100,000 after buying an additional 15,511 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Deckers Outdoor by 32.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 183,739 shares of the textile maker’s stock valued at $122,817,000 after acquiring an additional 44,942 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in Deckers Outdoor by 1.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 945 shares of the textile maker’s stock worth $632,000 after acquiring an additional 15 shares during the last quarter. Finally, Dorsey Wright & Associates increased its holdings in Deckers Outdoor by 130.9% in the 4th quarter. Dorsey Wright & Associates now owns 7,327 shares of the textile maker’s stock worth $4,898,000 after purchasing an additional 4,154 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Truist Financial upgraded Deckers Outdoor from a “hold” rating to a “buy” rating and boosted their price target for the stock from $1,011.00 to $1,200.00 in a report on Tuesday, May 28th. Bank of America raised their price target on shares of Deckers Outdoor from $860.00 to $1,020.00 and gave the company a “neutral” rating in a research note on Friday, May 24th. Wells Fargo & Company boosted their price objective on shares of Deckers Outdoor from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, May 24th. KeyCorp lifted their target price on Deckers Outdoor from $960.00 to $1,015.00 and gave the stock an “overweight” rating in a report on Friday, May 24th. Finally, UBS Group increased their price target on Deckers Outdoor from $1,150.00 to $1,265.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,018.44.

Check Out Our Latest Report on DECK

Insider Activity

In related news, CEO David Powers sold 10,955 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following the completion of the sale, the chief executive officer now directly owns 76,006 shares of the company’s stock, valued at approximately $82,580,519. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Deckers Outdoor news, CEO David Powers sold 10,955 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,086.50, for a total transaction of $11,902,607.50. Following the transaction, the chief executive officer now owns 76,006 shares of the company’s stock, valued at approximately $82,580,519. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Caroti Stefano sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,079.74, for a total value of $5,398,700.00. Following the completion of the transaction, the insider now directly owns 39,926 shares of the company’s stock, valued at $43,109,699.24. The disclosure for this sale can be found here. Insiders have sold 34,094 shares of company stock worth $34,389,202 over the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

Deckers Outdoor Price Performance

DECK stock opened at $1,044.31 on Monday. Deckers Outdoor Co. has a 1 year low of $484.02 and a 1 year high of $1,106.89. The stock has a market capitalization of $26.57 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. The company’s 50-day moving average is $902.07 and its 200-day moving average is $827.54.

Deckers Outdoor (NYSE:DECKGet Free Report) last posted its earnings results on Thursday, May 23rd. The textile maker reported $4.95 EPS for the quarter, topping the consensus estimate of $2.82 by $2.13. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The company had revenue of $959.76 million during the quarter, compared to the consensus estimate of $892.00 million. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.46 earnings per share. On average, analysts anticipate that Deckers Outdoor Co. will post 30.66 earnings per share for the current fiscal year.

Deckers Outdoor Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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