Teachers Retirement System of The State of Kentucky Reduces Position in Deckers Outdoor Corp (DECK)

Teachers Retirement System of The State of Kentucky cut its position in shares of Deckers Outdoor Corp (NYSE:DECK) by 11.1% in the third quarter, Holdings Channel reports. The institutional investor owned 6,395 shares of the textile maker’s stock after selling 800 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Deckers Outdoor were worth $758,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Prudential Financial Inc. lifted its stake in shares of Deckers Outdoor by 268.1% during the 3rd quarter. Prudential Financial Inc. now owns 83,399 shares of the textile maker’s stock worth $9,889,000 after acquiring an additional 60,740 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Deckers Outdoor by 29.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 582,742 shares of the textile maker’s stock worth $69,101,000 after acquiring an additional 133,290 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Deckers Outdoor by 147.3% during the 3rd quarter. SG Americas Securities LLC now owns 20,314 shares of the textile maker’s stock worth $2,409,000 after acquiring an additional 12,100 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Deckers Outdoor by 131.8% during the 3rd quarter. Bessemer Group Inc. now owns 5,100 shares of the textile maker’s stock worth $605,000 after acquiring an additional 2,900 shares during the last quarter. Finally, Stone Ridge Asset Management LLC lifted its stake in shares of Deckers Outdoor by 6.0% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 15,337 shares of the textile maker’s stock worth $1,819,000 after acquiring an additional 870 shares during the last quarter.

In other news, insider Caroti Stefano sold 1,750 shares of Deckers Outdoor stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $130.00, for a total value of $227,500.00. Following the transaction, the insider now directly owns 24,252 shares in the company, valued at approximately $3,152,760. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Powers sold 1,500 shares of Deckers Outdoor stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $128.31, for a total value of $192,465.00. Following the completion of the transaction, the chief executive officer now owns 66,047 shares in the company, valued at $8,474,490.57. The disclosure for this sale can be found here. Insiders have sold a total of 6,250 shares of company stock worth $821,965 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

A number of equities research analysts recently issued reports on DECK shares. UBS Group raised Deckers Outdoor from a “neutral” rating to a “positive” rating in a research note on Friday, October 26th. reissued a “hold” rating and set a $104.00 price target on shares of Deckers Outdoor in a research note on Monday, October 22nd. Buckingham Research raised their price target on Deckers Outdoor from $109.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 26th. Canaccord Genuity reissued a “buy” rating and set a $137.00 price target on shares of Deckers Outdoor in a research note on Tuesday, October 23rd. Finally, ValuEngine downgraded Deckers Outdoor from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $118.14.

DECK opened at $136.91 on Tuesday. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 1.73 and a beta of 0.78. Deckers Outdoor Corp has a 52 week low of $73.93 and a 52 week high of $137.49. The company has a current ratio of 2.41, a quick ratio of 1.26 and a debt-to-equity ratio of 0.04.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, October 25th. The textile maker reported $2.38 EPS for the quarter, topping the consensus estimate of $1.72 by $0.66. The company had revenue of $501.91 million for the quarter, compared to the consensus estimate of $496.22 million. Deckers Outdoor had a return on equity of 23.27% and a net margin of 7.69%. During the same period last year, the business posted $1.54 EPS. On average, equities research analysts forecast that Deckers Outdoor Corp will post 6.82 EPS for the current fiscal year.

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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. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.

Further Reading: Cash Flow Analysis in Stock Selection

Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Corp (NYSE:DECK).

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

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