Illinois Municipal Retirement Fund Buys 6,265 Shares of Deckers Outdoor Corporation $DECK

Illinois Municipal Retirement Fund lifted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,945 shares of the textile maker’s stock after acquiring an additional 6,265 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.09% of Deckers Outdoor worth $13,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Deckers Outdoor by 2.7% during the 2nd quarter. Geode Capital Management LLC now owns 4,427,639 shares of the textile maker’s stock valued at $454,662,000 after purchasing an additional 114,779 shares during the period. Invesco Ltd. increased its position in shares of Deckers Outdoor by 19.4% during the second quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker’s stock worth $286,660,000 after buying an additional 452,081 shares during the period. Norges Bank acquired a new stake in shares of Deckers Outdoor during the second quarter worth $223,036,000. Federated Hermes Inc. raised its stake in Deckers Outdoor by 46.5% during the second quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock worth $175,800,000 after buying an additional 541,657 shares during the last quarter. Finally, Tredje AP fonden lifted its holdings in Deckers Outdoor by 507.2% in the second quarter. Tredje AP fonden now owns 1,290,498 shares of the textile maker’s stock valued at $133,012,000 after buying an additional 1,077,965 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Up 0.5%

NYSE DECK opened at $115.99 on Friday. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $159.26. The business has a 50 day moving average price of $104.65 and a 200-day moving average price of $102.14. The company has a market cap of $16.46 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 2.63 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.56. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm posted $3.00 EPS. Deckers Outdoor’s revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. BTIG Research reiterated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 30th. Truist Financial set a $132.00 target price on Deckers Outdoor in a research note on Friday, January 30th. KGI Securities upgraded Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 target price for the company in a report on Friday, January 30th. Telsey Advisory Group restated a “market perform” rating and set a $120.00 price target (up from $105.00) on shares of Deckers Outdoor in a report on Monday, January 26th. Finally, Barclays reaffirmed an “overweight” rating and set a $143.00 price objective (up previously from $113.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Deckers Outdoor has an average rating of “Hold” and a consensus price target of $125.20.

Deckers Outdoor 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.