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

Teachers Retirement System of The State of Kentucky grew its stake in shares of Deckers Outdoor Co. (NYSE:DECKGet Rating) by 7.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,283 shares of the textile maker’s stock after purchasing an additional 605 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Deckers Outdoor were worth $2,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its holdings in Deckers Outdoor by 23.3% during the first quarter. BNP Paribas Arbitrage SA now owns 14,591 shares of the textile maker’s stock worth $3,995,000 after purchasing an additional 2,754 shares in the last quarter. Lido Advisors LLC increased its holdings in shares of Deckers Outdoor by 7.7% in the 1st quarter. Lido Advisors LLC now owns 1,685 shares of the textile maker’s stock valued at $461,000 after acquiring an additional 121 shares during the period. Royal Bank of Canada increased its holdings in shares of Deckers Outdoor by 0.8% in the 1st quarter. Royal Bank of Canada now owns 39,451 shares of the textile maker’s stock valued at $10,801,000 after acquiring an additional 301 shares during the period. Steadfast Capital Management LP increased its holdings in shares of Deckers Outdoor by 8,817.1% in the 1st quarter. Steadfast Capital Management LP now owns 833,391 shares of the textile maker’s stock valued at $228,157,000 after acquiring an additional 824,045 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Deckers Outdoor in the 1st quarter valued at $734,000. Institutional investors and hedge funds own 97.45% of the company’s stock.

Insiders Place Their Bets

In related news, Director Bonita C. Stewart sold 500 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $350.00, for a total value of $175,000.00. Following the sale, the director now directly owns 14,019 shares in the company, valued at approximately $4,906,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Bonita C. Stewart sold 500 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $350.00, for a total value of $175,000.00. Following the sale, the director now directly owns 14,019 shares in the company, valued at approximately $4,906,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David Powers sold 2,925 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $349.50, for a total transaction of $1,022,287.50. Following the completion of the sale, the chief executive officer now owns 100,972 shares in the company, valued at $35,289,714. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Deckers Outdoor from $338.00 to $339.00 in a report on Wednesday, July 20th. TheStreet upgraded shares of Deckers Outdoor from a “c+” rating to a “b” rating in a research report on Friday, August 12th. BTIG Research lowered their price objective on shares of Deckers Outdoor from $487.00 to $477.00 and set a “buy” rating on the stock in a research report on Thursday, July 21st. Wedbush upgraded shares of Deckers Outdoor from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $320.00 to $410.00 in a research report on Thursday, September 15th. Finally, Wells Fargo & Company started coverage on shares of Deckers Outdoor in a research report on Monday, June 27th. They issued an “equal weight” rating and a $280.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $381.10.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $336.92 on Wednesday. The firm has a market capitalization of $8.94 billion, a P/E ratio of 20.73 and a beta of 0.90. Deckers Outdoor Co. has a one year low of $212.93 and a one year high of $448.07. The company’s fifty day moving average is $317.91 and its two-hundred day moving average is $282.37.

Deckers Outdoor (NYSE:DECKGet Rating) last issued its earnings results on Thursday, July 28th. The textile maker reported $1.66 EPS for the quarter, topping the consensus estimate of $1.33 by $0.33. The company had revenue of $614.46 million for the quarter, compared to analyst estimates of $575.31 million. Deckers Outdoor had a net margin of 13.76% and a return on equity of 29.72%. On average, sell-side analysts forecast that Deckers Outdoor Co. will post 18.1 earnings per share for the current fiscal year.

Deckers Outdoor declared that its Board of Directors has authorized a stock repurchase plan on Thursday, July 28th that permits the company to repurchase $1.20 billion in shares. This repurchase authorization permits the textile maker to buy up to 14.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Deckers Outdoor Company Profile

(Get Rating)

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities. The company offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and relaxed casual shoes and sandals under the Sanuk brand name.

See Also

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

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