Deckers Outdoor Corporation $DECK Stock Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 16.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129,328 shares of the textile maker’s stock after purchasing an additional 18,593 shares during the period. Illinois Municipal Retirement Fund’s holdings in Deckers Outdoor were worth $10,106,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in Deckers Outdoor in the 2nd quarter valued at approximately $30,000. Continuum Advisory LLC acquired a new position in shares of Deckers Outdoor in the 2nd quarter worth approximately $38,000. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Deckers Outdoor in the 3rd quarter worth approximately $31,000. Gen Wealth Partners Inc bought a new stake in shares of Deckers Outdoor in the 3rd quarter valued at $31,000. Finally, Heritage Family Offices LLP acquired a new stake in shares of Deckers Outdoor during the third quarter worth $38,000. Institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DECK. UBS Group set a $137.00 price target on shares of Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, October 23rd. BNP Paribas Exane lowered their price objective on Deckers Outdoor from $184.00 to $122.00 and set an “outperform” rating for the company in a research report on Friday, October 23rd. The Goldman Sachs Group reissued a “sell” rating and issued a $75.00 price objective (down from $86.00) on shares of Deckers Outdoor in a research note on Friday, October 23rd. Raymond James Financial reduced their price target on shares of Deckers Outdoor from $105.00 to $92.00 in a report on Friday, October 23rd. Finally, Wells Fargo & Company set a $70.00 price target on Deckers Outdoor and gave the stock an “underweight” rating in a report on Friday, October 23rd. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $103.86.

Deckers Outdoor Stock Performance

DECK stock opened at $88.42 on Thursday. The company has a market capitalization of $11.80 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 1.44 and a beta of 1.10. Deckers Outdoor Corporation has a 52-week low of $77.20 and a 52-week high of $122.29. The business has a 50-day simple moving average of $82.53 and a two-hundred day simple moving average of $98.74.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 22nd. The textile maker reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.52. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Deckers Outdoor had a return on equity of 42.42% and a net margin of 19.18%. Deckers Outdoor’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.82 earnings per share. As a group, sell-side analysts forecast that Deckers Outdoor Corporation will post 7.89 earnings per share for the current fiscal year.

Deckers Outdoor Profile

Deckers Outdoor Corporation designs, markets and distributes footwear, apparel and accessories through a portfolio of consumer brands. Its best-known brands include UGG, HOKA and Teva, which serve customers seeking products for lifestyle, performance and outdoor use. Founded in 1973 in California, Deckers began as a maker of sandals. The company now sells its products worldwide through wholesale partners as well as its own retail stores and e-commerce channels, serving markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.