Deckers Outdoor Corporation $DECK Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System raised its position in Deckers Outdoor Corporation (NYSE:DECK) by 15.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 325,242 shares of the textile maker’s stock after purchasing an additional 44,597 shares during the quarter. California Public Employees Retirement System’s holdings in Deckers Outdoor were worth $32,553,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of Deckers Outdoor by 24.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 407,698 shares of the textile maker’s stock worth $43,538,000 after acquiring an additional 81,345 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Deckers Outdoor by 52.5% during the 4th quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker’s stock valued at $4,356,000 after acquiring an additional 14,470 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Deckers Outdoor by 309.0% during the 4th quarter. SG Americas Securities LLC now owns 240,466 shares of the textile maker’s stock valued at $24,929,000 after acquiring an additional 181,675 shares in the last quarter. Stratos Wealth Advisors LLC boosted its position in Deckers Outdoor by 54.8% during the 4th quarter. Stratos Wealth Advisors LLC now owns 33,524 shares of the textile maker’s stock worth $3,475,000 after purchasing an additional 11,869 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in Deckers Outdoor by 23.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 55,355 shares of the textile maker’s stock valued at $5,739,000 after purchasing an additional 10,615 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on DECK. Truist Financial set a $125.00 price objective on Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, May 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $138.00 target price on shares of Deckers Outdoor in a research note on Friday, May 22nd. Piper Sandler reiterated a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. KeyCorp reissued a “sector weight” rating on shares of Deckers Outdoor in a research report on Friday, May 22nd. Finally, Zacks Research cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $121.11.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $103.42 on Wednesday. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $126.50. The company has a market capitalization of $14.36 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 2.05 and a beta of 1.17. The firm’s fifty day moving average price is $105.88 and its 200 day moving average price is $106.19.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.15. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Analysts forecast that Deckers Outdoor Corporation will post 7.46 earnings per share for the current fiscal year.

Deckers Outdoor Company 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.