New York State Common Retirement Fund Sells 12,037 Shares of Deckers Outdoor Corporation $DECK

New York State Common Retirement Fund lessened its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 12.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 85,698 shares of the textile maker’s stock after selling 12,037 shares during the period. New York State Common Retirement Fund owned 0.06% of Deckers Outdoor worth $8,687,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Rakuten Securities Inc. grew its stake in shares of Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 100 shares during the period. Perigon Wealth Management LLC raised its stake in Deckers Outdoor by 4.3% during the 3rd quarter. Perigon Wealth Management LLC now owns 2,597 shares of the textile maker’s stock worth $263,000 after acquiring an additional 106 shares during the period. American National Bank & Trust lifted its holdings in Deckers Outdoor by 77.4% during the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 106 shares in the last quarter. RB Capital Management LLC boosted its position in shares of Deckers Outdoor by 1.0% in the third quarter. RB Capital Management LLC now owns 10,679 shares of the textile maker’s stock worth $1,083,000 after purchasing an additional 110 shares during the period. Finally, Miracle Mile Advisors LLC boosted its position in shares of Deckers Outdoor by 2.3% in the third quarter. Miracle Mile Advisors LLC now owns 4,990 shares of the textile maker’s stock worth $506,000 after purchasing an additional 112 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DECK. Stifel Nicolaus lifted their target price on shares of Deckers Outdoor from $117.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Wells Fargo & Company set a $110.00 price target on Deckers Outdoor and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Sanford C. Bernstein set a $90.00 price objective on Deckers Outdoor in a research report on Friday, January 30th. Evercore ISI set a $108.00 price objective on Deckers Outdoor in a research note on Friday, January 30th. Finally, KeyCorp upgraded Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $125.20.

Deckers Outdoor Stock Performance

NYSE DECK opened at $111.96 on Thursday. The stock has a 50 day moving average price of $101.90 and a 200-day moving average price of $101.82. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $177.64. The company has a market capitalization of $16.32 billion, a P/E ratio of 15.81, a P/E/G ratio of 2.60 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.56. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the business posted $3.00 earnings per share. Deckers Outdoor’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.