VIRGINIA RETIREMENT SYSTEMS ET Al Sells 30,600 Shares of Deckers Outdoor Corporation $DECK

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 17.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 148,600 shares of the textile maker’s stock after selling 30,600 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.10% of Deckers Outdoor worth $15,405,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. raised its position in Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 100 shares in the last quarter. Resonant Capital Advisors LLC raised its position in Deckers Outdoor by 4.3% during the 3rd quarter. Resonant Capital Advisors LLC now owns 3,097 shares of the textile maker’s stock valued at $314,000 after purchasing an additional 128 shares in the last quarter. Perennial Investment Advisors LLC raised its position in Deckers Outdoor by 5.4% during the 3rd quarter. Perennial Investment Advisors LLC now owns 2,709 shares of the textile maker’s stock valued at $275,000 after purchasing an additional 138 shares in the last quarter. BOKF NA raised its position in Deckers Outdoor by 0.9% during the 3rd quarter. BOKF NA now owns 17,412 shares of the textile maker’s stock valued at $1,765,000 after purchasing an additional 150 shares in the last quarter. Finally, Ritholtz Wealth Management raised its position in Deckers Outdoor by 7.3% during the 4th quarter. Ritholtz Wealth Management now owns 2,232 shares of the textile maker’s stock valued at $231,000 after purchasing an additional 152 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on DECK. Argus raised Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Evercore set a $108.00 target price on Deckers Outdoor in a research report on Friday, January 30th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $120.00 target price (up from $105.00) on shares of Deckers Outdoor in a research report on Monday, January 26th. Sanford C. Bernstein raised Deckers Outdoor from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $90.00 to $100.00 in a research report on Wednesday, May 6th. Finally, KGI Securities raised Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 target price for the company in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $125.60.

Deckers Outdoor Trading Down 1.1%

DECK opened at $93.87 on Thursday. The firm has a market cap of $13.33 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 2.04 and a beta of 1.14. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $131.58. The stock has a fifty day moving average price of $103.36 and a 200-day moving average price of $101.14.

Insider Transactions at Deckers Outdoor

In other news, Director Lauri M. Shanahan sold 4,682 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the transaction, the director directly owned 25,026 shares of the company’s stock, valued at approximately $2,873,985.84. The trade was a 15.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anne Spangenberg sold 4,063 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $116.02, for a total value of $471,389.26. Following the completion of the transaction, the insider directly owned 80,449 shares of the company’s stock, valued at approximately $9,333,692.98. The trade was a 4.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 9,092 shares of company stock valued at $1,048,552. Corporate insiders own 0.40% of the company’s stock.

About Deckers Outdoor

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.