Deckers Outdoor Co. (NYSE:DECK) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System reduced its position in Deckers Outdoor Co. (NYSE:DECKFree Report) by 16.3% in the 3rd quarter, Holdings Channel reports. The firm owned 25,048 shares of the textile maker’s stock after selling 4,880 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Deckers Outdoor were worth $12,877,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Steward Financial Group LLC bought a new stake in shares of Deckers Outdoor during the second quarter valued at approximately $25,000. West Oak Capital LLC grew its position in Deckers Outdoor by 100.0% during the 3rd quarter. West Oak Capital LLC now owns 100 shares of the textile maker’s stock worth $51,000 after purchasing an additional 50 shares in the last quarter. Pinpoint Asset Management Ltd purchased a new position in Deckers Outdoor during the 1st quarter worth approximately $67,000. Massmutual Trust Co. FSB ADV grew its position in Deckers Outdoor by 81.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 131 shares of the textile maker’s stock worth $69,000 after purchasing an additional 59 shares in the last quarter. Finally, Fortis Capital Advisors LLC purchased a new position in Deckers Outdoor during the 4th quarter worth approximately $69,000. Institutional investors and hedge funds own 95.69% of the company’s stock.

Insider Buying and Selling at Deckers Outdoor

In other news, insider Angela Ogbechie sold 313 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the transaction, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Steven J. Fasching sold 5,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.40, for a total value of $4,222,000.00. Following the transaction, the chief financial officer now directly owns 29,291 shares in the company, valued at $24,733,320.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Angela Ogbechie sold 313 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the completion of the transaction, the insider now owns 4,027 shares in the company, valued at $3,399,311.51. The disclosure for this sale can be found here. Insiders have sold a total of 38,016 shares of company stock worth $27,490,658 over the last ninety days. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a research note on Friday, February 2nd. Citigroup lowered shares of Deckers Outdoor from a “buy” rating to a “neutral” rating and lifted their target price for the company from $665.00 to $710.00 in a research note on Friday, December 8th. Wedbush lifted their target price on shares of Deckers Outdoor from $825.00 to $895.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Robert W. Baird lifted their price objective on shares of Deckers Outdoor from $650.00 to $750.00 and gave the company an “outperform” rating in a research note on Monday, December 4th. Finally, Truist Financial lifted their price objective on shares of Deckers Outdoor from $859.00 to $983.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $846.77.

Check Out Our Latest Report on Deckers Outdoor

Deckers Outdoor Stock Down 0.1 %

NYSE:DECK opened at $844.63 on Tuesday. The firm has a market cap of $21.68 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. Deckers Outdoor Co. has a 12 month low of $395.90 and a 12 month high of $903.70. The company’s 50-day moving average price is $726.69 and its two-hundred day moving average price is $614.88.

Deckers Outdoor (NYSE:DECKGet Free Report) last released its quarterly earnings results 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 net margin of 17.57% and a return on equity of 38.77%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business earned $10.48 earnings per share. On average, research analysts expect that Deckers Outdoor Co. will post 26.9 EPS 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.

Further Reading

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

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