Deckers Outdoor Corporation $DECK Stake Increased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 15.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 571,992 shares of the textile maker’s stock after purchasing an additional 75,192 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.42% of Deckers Outdoor worth $44,695,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Costello Asset Management INC boosted its stake in shares of Deckers Outdoor by 14.3% in the 1st quarter. Costello Asset Management INC now owns 800 shares of the textile maker’s stock valued at $80,000 after purchasing an additional 100 shares during the last quarter. Cim LLC raised its stake in Deckers Outdoor by 1.1% during the first quarter. Cim LLC now owns 12,207 shares of the textile maker’s stock worth $1,222,000 after buying an additional 133 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in Deckers Outdoor by 3.4% in the first quarter. Resonant Capital Advisors LLC now owns 4,250 shares of the textile maker’s stock valued at $425,000 after buying an additional 138 shares during the period. Tema ETFs LLC lifted its holdings in Deckers Outdoor by 5.6% in the second quarter. Tema ETFs LLC now owns 2,734 shares of the textile maker’s stock valued at $271,000 after buying an additional 145 shares during the period. Finally, Greenleaf Trust boosted its position in Deckers Outdoor by 4.9% during the second quarter. Greenleaf Trust now owns 3,186 shares of the textile maker’s stock valued at $316,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Trading Down 0.8%

Shares of NYSE DECK opened at $82.07 on Friday. The firm’s 50-day moving average price is $82.65 and its 200-day moving average price is $99.27. Deckers Outdoor Corporation has a 1-year low of $77.20 and a 1-year high of $122.29. The firm has a market capitalization of $11.18 billion, a P/E ratio of 10.88, a P/E/G ratio of 1.32 and a beta of 1.12.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 22nd. The textile maker reported $2.31 EPS for the quarter, beating the consensus estimate of $1.79 by $0.52. Deckers Outdoor had a return on equity of 42.42% and a net margin of 19.18%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the business posted $1.82 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts forecast that Deckers Outdoor Corporation will post 7.90 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DECK shares. BNP Paribas Exane decreased their price target on Deckers Outdoor from $184.00 to $122.00 and set an “outperform” rating for the company in a report on Friday, October 23rd. Weiss Ratings lowered Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 3rd. Needham & Company LLC cut their target price on Deckers Outdoor from $125.00 to $96.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Robert W. Baird set a $95.00 target price on Deckers Outdoor in a research note on Friday, October 23rd. Finally, Wells Fargo & Company set a $70.00 target price on Deckers Outdoor and gave the stock an “underweight” rating in a report on Friday, October 23rd. Ten investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Deckers Outdoor currently has an average rating of “Hold” and a consensus price target of $105.81.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, doing business as Deckers Brands (NYSE: DECK), is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.