New York State Teachers Retirement System Buys 24,608 Shares of Deckers Outdoor Corporation $DECK

New York State Teachers Retirement System raised its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 21.1% during the 4th quarter, HoldingsChannel reports. The firm owned 141,272 shares of the textile maker’s stock after purchasing an additional 24,608 shares during the quarter. New York State Teachers Retirement System’s holdings in Deckers Outdoor were worth $14,646,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Activest Wealth Management grew its stake in Deckers Outdoor by 298.8% in the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after buying an additional 245 shares during the last quarter. US Bancorp DE lifted its position in Deckers Outdoor by 51.1% during the 4th quarter. US Bancorp DE now owns 92,805 shares of the textile maker’s stock worth $9,621,000 after acquiring an additional 31,369 shares during the last quarter. Wealth High Governance Capital Ltda bought a new stake in Deckers Outdoor during the fourth quarter valued at about $6,327,000. Interchange Capital Partners LLC boosted its holdings in Deckers Outdoor by 9.8% during the fourth quarter. Interchange Capital Partners LLC now owns 2,809 shares of the textile maker’s stock valued at $291,000 after acquiring an additional 250 shares during the period. Finally, Wealthfront Advisers LLC grew its position in shares of Deckers Outdoor by 23.3% in the fourth quarter. Wealthfront Advisers LLC now owns 6,261 shares of the textile maker’s stock valued at $649,000 after purchasing an additional 1,185 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Telsey Advisory Group reissued a “market perform” rating and set a $120.00 price objective (up from $105.00) on shares of Deckers Outdoor in a research report on Monday, January 26th. BTIG Research restated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 30th. Needham & Company LLC lifted their target price on Deckers Outdoor from $115.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Evercore set a $108.00 price target on Deckers Outdoor in a research note on Friday, January 30th. Finally, Stifel Nicolaus upped their price target on Deckers Outdoor from $117.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Deckers Outdoor currently has an average rating of “Hold” and a consensus target price of $126.35.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Anne Spangenberg sold 4,063 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the sale, the insider directly owned 80,449 shares of the company’s stock, valued at approximately $9,333,692.98. The trade was a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauri M. Shanahan sold 4,682 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the sale, the director owned 25,026 shares in the company, valued at approximately $2,873,985.84. This represents a 15.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,092 shares of company stock worth $1,048,552 over the last quarter. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $100.78 on Monday. The company has a 50-day moving average of $106.10 and a 200-day moving average of $101.23. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $133.43. The company has a market capitalization of $14.31 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 2.16 and a beta of 1.14.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.56. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The business 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 firm posted $3.00 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Sell-side analysts forecast that Deckers Outdoor Corporation will post 6.87 EPS for the current year.

About Deckers Outdoor

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.