Teachers Retirement System of The State of Kentucky Purchases 11,600 Shares of Deckers Outdoor Co. (NYSE:DECK)

Teachers Retirement System of The State of Kentucky boosted its holdings in Deckers Outdoor Co. (NYSE:DECK) by 466.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 14,089 shares of the textile maker’s stock after purchasing an additional 11,600 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Deckers Outdoor were worth $2,246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. ClariVest Asset Management LLC increased its stake in Deckers Outdoor by 0.4% during the second quarter. ClariVest Asset Management LLC now owns 3,474 shares of the textile maker’s stock valued at $3,363,000 after acquiring an additional 14 shares during the period. U S Global Investors Inc. raised its stake in shares of Deckers Outdoor by 1.5% in the second quarter. U S Global Investors Inc. now owns 995 shares of the textile maker’s stock valued at $963,000 after purchasing an additional 15 shares in the last quarter. Arkadios Wealth Advisors lifted its position in Deckers Outdoor by 1.4% in the second quarter. Arkadios Wealth Advisors now owns 1,341 shares of the textile maker’s stock worth $1,298,000 after purchasing an additional 19 shares during the period. Sunbelt Securities Inc. boosted its stake in Deckers Outdoor by 7.5% during the second quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock worth $264,000 after buying an additional 19 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its holdings in Deckers Outdoor by 5.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 406 shares of the textile maker’s stock valued at $393,000 after buying an additional 20 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Deckers Outdoor news, insider Anne Spangenberg sold 3,882 shares of Deckers Outdoor stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $186.43, for a total transaction of $723,721.26. Following the transaction, the insider now directly owns 67,434 shares in the company, valued at approximately $12,571,720.62. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $163.24, for a total value of $208,620.72. Following the transaction, the insider now owns 29,628 shares in the company, valued at $4,836,474.72. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 84,234 shares of company stock valued at $15,248,513. 0.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DECK shares. StockNews.com downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 25th. BTIG Research downgraded Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Barclays increased their target price on Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Seaport Res Ptn lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Finally, KeyCorp increased their price objective on Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $158.59.

Deckers Outdoor Price Performance

DECK stock opened at $210.38 on Wednesday. The stock has a market capitalization of $31.96 billion, a PE ratio of 36.97, a price-to-earnings-growth ratio of 2.87 and a beta of 1.08. The company has a 50 day moving average price of $177.93 and a 200 day moving average price of $94.34. Deckers Outdoor Co. has a fifty-two week low of $108.65 and a fifty-two week high of $213.03.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.35. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.14 earnings per share. As a group, equities analysts expect that Deckers Outdoor Co. will post 5.49 earnings per share for the current fiscal year.

Deckers Outdoor Company 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.