Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its position in Deckers Outdoor Co. (NYSE:DECK) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,393 shares of the textile maker’s stock after purchasing an additional 265 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.06% of Deckers Outdoor worth $9,621,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley increased its holdings in shares of Deckers Outdoor by 82.6% in the third quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock valued at $599,633,000 after buying an additional 527,546 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Deckers Outdoor by 8.9% in the third quarter. Invesco Ltd. now owns 456,957 shares of the textile maker’s stock valued at $234,917,000 after buying an additional 37,194 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Deckers Outdoor by 2.6% in the third quarter. Northern Trust Corp now owns 231,535 shares of the textile maker’s stock valued at $119,030,000 after buying an additional 5,972 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in shares of Deckers Outdoor in the third quarter valued at $72,727,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of Deckers Outdoor by 12.3% in the third quarter. Ameriprise Financial Inc. now owns 141,402 shares of the textile maker’s stock valued at $72,694,000 after buying an additional 15,541 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DECK shares. Wells Fargo & Company boosted their target price on shares of Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Barclays started coverage on Deckers Outdoor in a report on Monday, April 1st. They set an “overweight” rating and a $1,110.00 price objective for the company. Bank of America lowered Deckers Outdoor from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $875.00 to $860.00 in a report on Thursday. Raymond James increased their price objective on Deckers Outdoor from $585.00 to $845.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Finally, Wedbush reissued an “outperform” rating and set a $1,000.00 target price on shares of Deckers Outdoor in a research report on Wednesday, April 10th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average price target of $889.00.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK traded down $44.59 during midday trading on Thursday, hitting $807.12. The company’s stock had a trading volume of 485,436 shares, compared to its average volume of 432,465. The stock has a market capitalization of $20.72 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 1.47 and a beta of 1.01. The stock’s 50 day simple moving average is $884.14 and its 200 day simple moving average is $743.84. Deckers Outdoor Co. has a fifty-two week low of $424.36 and a fifty-two week high of $956.17.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, topping analysts’ consensus estimates of $11.40 by $3.71. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the business earned $10.48 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, analysts anticipate that Deckers Outdoor Co. will post 26.87 EPS for the current year.

Insider Buying and Selling

In related news, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the completion of the transaction, the insider now owns 4,027 shares in the company, valued at $3,399,311.51. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The disclosure for this sale can be found here. Insiders have sold a total of 30,464 shares of company stock valued at $26,229,683 over the last three months. 0.70% of the stock is owned by corporate insiders.

About Deckers Outdoor

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.