Illinois Municipal Retirement Fund Purchases 575 Shares of Deckers Outdoor Co. (NYSE:DECK)

Illinois Municipal Retirement Fund raised its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 4.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 12,273 shares of the textile maker’s stock after purchasing an additional 575 shares during the period. Illinois Municipal Retirement Fund’s holdings in Deckers Outdoor were worth $8,204,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Advisor Resource Council acquired a new position in Deckers Outdoor during the 4th quarter valued at about $970,000. Advisors Preferred LLC purchased a new position in shares of Deckers Outdoor in the 4th quarter worth approximately $2,271,000. Louisiana State Employees Retirement System purchased a new position in shares of Deckers Outdoor in the 4th quarter worth approximately $4,813,000. First Trust Direct Indexing L.P. boosted its stake in shares of Deckers Outdoor by 12.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 458 shares of the textile maker’s stock worth $235,000 after buying an additional 51 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter worth approximately $73,722,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $829.94 on Wednesday. The stock has a market cap of $21.30 billion, a P/E ratio of 29.85, a PEG ratio of 1.44 and a beta of 1.01. Deckers Outdoor Co. has a fifty-two week low of $424.36 and a fifty-two week high of $956.17. The firm’s fifty day moving average price is $884.06 and its 200-day moving average price is $743.08.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on DECK. Raymond James lifted their price target on shares of Deckers Outdoor from $585.00 to $845.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Barclays began coverage on shares of Deckers Outdoor in a report on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 price target on the stock. UBS Group lifted their price target on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Piper Sandler boosted their target price on shares of Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Truist Financial reissued a “hold” rating and set a $864.00 target price (down previously from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average target price of $890.93.

Insider Buying and Selling

In related news, CEO David Powers sold 5,993 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at $80,942,435.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Deckers Outdoor news, Director Lauri M. Shanahan sold 3,672 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $832.22, for a total transaction of $3,055,911.84. Following the completion of the sale, the director now directly owns 4,515 shares in the company, valued at $3,757,473.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David Powers sold 5,993 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were 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 owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,464 shares of company stock worth $26,229,683. Corporate insiders own 0.70% of the company’s stock.

Deckers Outdoor 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.