Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its stake in Deckers Outdoor Co. (NYSE:DECK) by 0.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 199,362 shares of the textile maker’s stock after selling 391 shares during the period. Retirement Systems of Alabama’s holdings in Deckers Outdoor were worth $40,488,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Global Trust Asset Management LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $31,000. Solstein Capital LLC raised its stake in Deckers Outdoor by 500.0% during the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after acquiring an additional 135 shares during the period. Bell Investment Advisors Inc raised its stake in Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after acquiring an additional 146 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after acquiring an additional 200 shares during the period. Finally, Rakuten Securities Inc. raised its stake in Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after acquiring an additional 175 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $169.57 on Wednesday. The firm has a 50 day simple moving average of $204.88 and a 200-day simple moving average of $139.73. The stock has a market capitalization of $25.76 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07. Deckers Outdoor Co. has a 12-month low of $131.39 and a 12-month high of $223.98.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (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%. On average, analysts forecast that Deckers Outdoor Co. will post 5.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Truist Financial dropped their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company dropped their price objective on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Citigroup increased their price objective on shares of Deckers Outdoor from $178.00 to $215.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Telsey Advisory Group reiterated an “outperform” rating and set a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Jefferies Financial Group raised their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $197.41.

Insider Buying and Selling

In related news, insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the completion of the sale, the insider now directly owns 63,642 shares in the company, valued at approximately $11,155,169.76. This trade represents a 22.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bonita C. Stewart sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $175.42, for a total transaction of $1,578,780.00. Following the completion of the sale, the director now owns 44,988 shares of the company’s stock, valued at approximately $7,891,794.96. This trade represents a 16.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,758 shares of company stock worth $13,506,861. Corporate insiders own 0.40% of the company’s stock.

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.