Deckers Outdoor Corporation (DECK) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 9.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,638 shares of the textile maker’s stock after selling 5,435 shares during the period. California State Teachers Retirement System’s holdings in Deckers Outdoor were worth $3,464,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eagle Asset Management Inc. bought a new position in Deckers Outdoor during the third quarter valued at $8,548,000. Capital Fund Management S.A. bought a new position in Deckers Outdoor during the second quarter valued at $848,000. American Century Companies Inc. bought a new position in Deckers Outdoor during the third quarter valued at $12,054,000. State Street Corp grew its holdings in Deckers Outdoor by 3.6% during the second quarter. State Street Corp now owns 1,039,579 shares of the textile maker’s stock valued at $70,962,000 after purchasing an additional 36,356 shares during the period. Finally, Verition Fund Management LLC bought a new position in Deckers Outdoor during the second quarter valued at $761,000. 99.56% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on DECK shares. BidaskClub lowered Deckers Outdoor from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. ValuEngine raised Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research lowered Deckers Outdoor from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Canaccord Genuity set a $76.00 price target on Deckers Outdoor and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $72.00 price target (up from $64.00) on shares of Deckers Outdoor in a report on Tuesday, December 19th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $71.69.

Shares of Deckers Outdoor Corporation (NYSE:DECK) opened at $80.97 on Tuesday. The stock has a market capitalization of $2,590.00, a price-to-earnings ratio of 80.97, a P/E/G ratio of 1.68 and a beta of 1.26. Deckers Outdoor Corporation has a 52 week low of $44.00 and a 52 week high of $81.84. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.26 and a current ratio of 2.43.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.52. The company had revenue of $482.50 million during the quarter, compared to analyst estimates of $440.11 million. Deckers Outdoor had a return on equity of 15.23% and a net margin of 1.80%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $1.21 earnings per share. equities analysts expect that Deckers Outdoor Corporation will post 4.32 EPS for the current fiscal year.

Deckers Outdoor announced that its board has initiated a stock buyback plan on Thursday, October 26th that allows the company to buyback $335.00 million in shares. This buyback authorization allows the textile maker to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

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About Deckers Outdoor

Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.

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Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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