Deckers Outdoor Corporation $DECK Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its stake in Deckers Outdoor Corporation (NYSE:DECK) by 16.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,328 shares of the textile maker’s stock after acquiring an additional 18,593 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.10% of Deckers Outdoor worth $10,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Deckers Outdoor in the 2nd quarter valued at $1,343,613,000. Bank of New York Mellon Corp acquired a new position in Deckers Outdoor in the second quarter valued at approximately $170,905,000. Caisse de depot et placement du Quebec acquired a new position in shares of Deckers Outdoor in the 2nd quarter valued at $119,656,000. Deutsche Bank AG acquired a new stake in shares of Deckers Outdoor during the second quarter worth $100,620,000. Finally, Man Group plc bought a new position in Deckers Outdoor during the second quarter worth about $82,448,000. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Trading Down 1.5%

Deckers Outdoor stock opened at $88.42 on Thursday. The company has a market cap of $11.80 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 1.44 and a beta of 1.10. Deckers Outdoor Corporation has a 1-year low of $77.20 and a 1-year high of $122.29. The company has a fifty day simple moving average of $82.53 and a 200 day simple moving average of $98.74.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 22nd. The textile maker reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.52. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. Deckers Outdoor had a net margin of 19.18% and a return on equity of 42.42%. Deckers Outdoor’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the business posted $1.82 EPS. On average, equities research analysts forecast that Deckers Outdoor Corporation will post 7.89 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on DECK. Piper Sandler lowered shares of Deckers Outdoor from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $100.00 to $75.00 in a report on Friday, October 23rd. Weiss Ratings lowered shares of Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 3rd. Truist Financial set a $95.00 price target on shares of Deckers Outdoor and gave the company a “buy” rating in a report on Friday, October 23rd. UBS Group set a $137.00 price objective on shares of Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, October 23rd. Finally, Sanford C. Bernstein reduced their target price on Deckers Outdoor from $105.00 to $100.00 in a report on Friday, October 23rd. Ten equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $103.86.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation designs, markets and distributes footwear, apparel and accessories through a portfolio of consumer brands. Its best-known brands include UGG, HOKA and Teva, which serve customers seeking products for lifestyle, performance and outdoor use. Founded in 1973 in California, Deckers began as a maker of sandals. The company now sells its products worldwide through wholesale partners as well as its own retail stores and e-commerce channels, serving markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.