VIRGINIA RETIREMENT SYSTEMS ET Al Acquires 75,192 Shares of Deckers Outdoor Corporation $DECK

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 15.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 571,992 shares of the textile maker’s stock after buying an additional 75,192 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Deckers Outdoor were worth $44,695,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Orion Capital Management LLC acquired a new position in shares of Deckers Outdoor during the second quarter valued at about $30,000. Continuum Advisory LLC bought a new stake in shares of Deckers Outdoor during the second quarter worth about $38,000. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Deckers Outdoor in the 3rd quarter worth about $31,000. Westfuller Advisors LLC raised its holdings in shares of Deckers Outdoor by 28,000.0% in the 1st quarter. Westfuller Advisors LLC now owns 562 shares of the textile maker’s stock worth $56,000 after acquiring an additional 560 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Deckers Outdoor by 49.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 601 shares of the textile maker’s stock worth $47,000 after acquiring an additional 198 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DECK shares. Barclays set a $100.00 price target on shares of Deckers Outdoor and gave the company an “overweight” rating in a research report on Friday, October 23rd. BNP Paribas Exane lowered their price objective on Deckers Outdoor from $184.00 to $122.00 and set an “outperform” rating for the company in a research note on Friday, October 23rd. Wells Fargo & Company set a $70.00 price objective on Deckers Outdoor and gave the stock an “underweight” rating in a research note on Friday, October 23rd. Bank of America dropped their target price on Deckers Outdoor from $115.00 to $105.00 in a report on Friday, July 24th. Finally, Needham & Company LLC cut their target price on Deckers Outdoor from $125.00 to $96.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Ten analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $105.81.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $82.07 on Friday. The firm has a 50-day moving average of $82.65 and a 200-day moving average of $99.27. Deckers Outdoor Corporation has a one year low of $77.20 and a one year high of $122.29. The company has a market cap of $11.18 billion, a P/E ratio of 10.88, a P/E/G ratio of 1.32 and a beta of 1.12.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 22nd. The textile maker reported $2.31 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.52. Deckers Outdoor had a net margin of 19.18% and a return on equity of 42.42%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the company earned $1.82 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, research analysts expect that Deckers Outdoor Corporation will post 7.90 earnings per share for the current fiscal year.

Deckers Outdoor Profile

Deckers Outdoor Corporation, doing business as Deckers Brands (NYSE: DECK), is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.