California State Teachers Retirement System Cuts Stock Position in Deckers Outdoor Corporation $DECK

California State Teachers Retirement System lessened its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 3.7% in the 1st quarter, HoldingsChannel reports. The fund owned 222,923 shares of the textile maker’s stock after selling 8,538 shares during the period. California State Teachers Retirement System’s holdings in Deckers Outdoor were worth $22,312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DECK. Federated Hermes Inc. boosted its stake in Deckers Outdoor by 374.1% in the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after acquiring an additional 2,485,338 shares in the last quarter. Norges Bank purchased a new position in Deckers Outdoor in the fourth quarter worth $252,729,000. AQR Capital Management LLC increased its position in shares of Deckers Outdoor by 340.5% during the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock worth $273,000,000 after purchasing an additional 2,035,517 shares in the last quarter. Viking Global Investors LP acquired a new position in shares of Deckers Outdoor during the third quarter worth $175,058,000. Finally, Marshall Wace LLP lifted its holdings in shares of Deckers Outdoor by 5,324.4% during the 4th quarter. Marshall Wace LLP now owns 1,498,106 shares of the textile maker’s stock valued at $155,309,000 after purchasing an additional 1,470,488 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Trading Down 2.7%

NYSE DECK opened at $96.97 on Friday. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $125.45. The company has a fifty day simple moving average of $106.25 and a two-hundred day simple moving average of $105.84. The stock has a market cap of $13.21 billion, a P/E ratio of 13.76, a P/E/G ratio of 1.80 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, sell-side analysts forecast that Deckers Outdoor Corporation will post 7.49 earnings per share for the current year.

Wall Street Analyst Weigh In

DECK has been the subject of a number of recent analyst reports. KGI Securities cut Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective for the company. in a research report on Friday, May 22nd. Truist Financial reduced their target price on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. UBS Group reiterated a “buy” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Zacks Research downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Stifel Nicolaus set a $133.00 price target on Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Deckers Outdoor has a consensus rating of “Hold” and a consensus price target of $117.16.

Deckers Outdoor Company Profile

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.