State of New Jersey Common Pension Fund D Buys 265 Shares of Deckers Outdoor Co. (NYSE:DECK)

State of New Jersey Common Pension Fund D boosted its stake in Deckers Outdoor Co. (NYSE:DECK) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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’s holdings in Deckers Outdoor were worth $9,621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stevens Capital Management LP bought a new position in shares of Deckers Outdoor during the fourth quarter valued at $223,000. Atria Wealth Solutions Inc. grew its holdings in Deckers Outdoor by 12.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 1,513 shares of the textile maker’s stock worth $1,012,000 after purchasing an additional 164 shares during the period. Panview Asian Equity Master Fund grew its holdings in Deckers Outdoor by 38.1% in the fourth quarter. Panview Asian Equity Master Fund now owns 43,500 shares of the textile maker’s stock worth $29,077,000 after purchasing an additional 12,000 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Deckers Outdoor in the fourth quarter worth $168,000. Finally, GAMMA Investing LLC acquired a new stake in Deckers Outdoor in the fourth quarter worth $127,000. Institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DECK shares. Telsey Advisory Group restated an “outperform” rating and issued a $930.00 price target on shares of Deckers Outdoor in a report on Thursday, February 15th. Wedbush reiterated an “outperform” rating and set a $1,000.00 price objective on shares of Deckers Outdoor in a report on Wednesday, April 10th. Evercore ISI started coverage on shares of Deckers Outdoor in a report on Thursday, February 15th. They set an “outperform” rating and a $960.00 price objective for the company. KeyCorp initiated coverage on shares of Deckers Outdoor in a report on Wednesday, February 7th. They set an “overweight” rating and a $960.00 price objective for the company. Finally, Raymond James raised their price target on shares of Deckers Outdoor from $585.00 to $845.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $889.00.

Insider Activity

In other news, CFO Steven J. Fasching sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.40, for a total value of $4,222,000.00. Following the sale, the chief financial officer now owns 29,291 shares of the company’s stock, valued at $24,733,320.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Angela Ogbechie sold 313 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $3,399,311.51. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Steven J. Fasching sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the transaction, the chief financial officer now directly owns 29,291 shares of the company’s stock, valued at approximately $24,733,320.40. 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 quarter. Company insiders own 0.70% of the company’s stock.

Deckers Outdoor Stock Performance

DECK stock traded down $44.59 during mid-day trading on Thursday, hitting $807.12. The company had a trading volume of 485,436 shares, compared to its average volume of 432,465. The firm has a market cap of $20.72 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 1.47 and a beta of 1.01. Deckers Outdoor Co. has a 12 month low of $424.36 and a 12 month high of $956.17. The stock’s fifty day moving average price is $884.14 and its two-hundred day moving average price is $743.84.

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

Deckers Outdoor Company Profile

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.