Retirement Systems of Alabama Reduces Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Retirement Systems of Alabama cut its stake in Deckers Outdoor Co. (NYSE:DECK) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 199,362 shares of the textile maker’s stock after selling 391 shares during the period. Retirement Systems of Alabama owned approximately 0.13% of Deckers Outdoor worth $40,488,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Solstein Capital LLC raised its position in shares of Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Bell Investment Advisors Inc raised its position in shares of Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares during the last quarter. Global Trust Asset Management LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. raised its position in shares of Deckers Outdoor by 397.7% during the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after purchasing an additional 175 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DECK. Needham & Company LLC restated a “buy” rating and set a $246.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Barclays boosted their price target on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, January 31st. TD Cowen boosted their price target on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 25th. Bank of America boosted their price target on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Finally, Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Trading Down 0.6 %

Shares of Deckers Outdoor stock opened at $169.57 on Wednesday. The company has a fifty day moving average price of $204.88 and a 200 day moving average price of $139.73. Deckers Outdoor Co. has a twelve month low of $131.39 and a twelve month high of $223.98. The stock has a market cap of $25.76 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Analysts forecast that Deckers Outdoor Co. will post 5.92 earnings per share for the current year.

Insider Buying and Selling

In other Deckers Outdoor news, insider Anne Spangenberg sold 3,882 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $186.43, for a total value of $723,721.26. Following the completion of the transaction, the insider now directly owns 67,434 shares of the company’s stock, valued at $12,571,720.62. This represents a 5.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas Garcia sold 18,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 63,642 shares of the company’s stock, valued at approximately $11,155,169.76. The trade was a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 73,758 shares of company stock valued at $13,506,861. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Profile

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.