VIRGINIA RETIREMENT SYSTEMS ET Al Reduces Stock Holdings in Deckers Outdoor Corporation $DECK

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 17.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 148,600 shares of the textile maker’s stock after selling 30,600 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Deckers Outdoor were worth $15,405,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Pinnacle Investment Management Ltd purchased a new stake in Deckers Outdoor during the 3rd quarter valued at about $2,027,000. Allspring Global Investments Holdings LLC boosted its stake 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 buying an additional 81,345 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Deckers Outdoor by 46.2% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 59,800 shares of the textile maker’s stock worth $6,062,000 after buying an additional 18,900 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Deckers Outdoor by 980.5% in the third quarter. Nordea Investment Management AB now owns 359,343 shares of the textile maker’s stock worth $36,312,000 after buying an additional 326,086 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp purchased a new stake in shares of Deckers Outdoor in the third quarter worth about $1,142,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on DECK. Stifel Nicolaus upped their target price on Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. UBS Group restated a “buy” rating and issued a $161.00 target price (up from $157.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Piper Sandler restated an “underweight” rating and issued a $95.00 target price (up from $85.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Needham & Company LLC upped their target price on Deckers Outdoor from $115.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Truist Financial set a $132.00 target price on Deckers Outdoor in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Deckers Outdoor currently has an average rating of “Hold” and an average price target of $125.60.

Insider Buying and Selling

In related news, insider Anne Spangenberg sold 4,063 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $116.02, for a total value of $471,389.26. Following the completion of the transaction, the insider owned 80,449 shares of the company’s stock, valued at approximately $9,333,692.98. This represents a 4.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lauri M. Shanahan sold 4,682 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the transaction, the director directly owned 25,026 shares of the company’s stock, valued at $2,873,985.84. The trade was a 15.76% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 9,092 shares of company stock valued at $1,048,552. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Trading Down 1.1%

NYSE DECK opened at $93.87 on Thursday. The stock has a market capitalization of $13.33 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 2.04 and a beta of 1.14. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $131.58. The stock has a 50-day moving average of $103.36 and a 200 day moving average of $101.14.

Deckers Outdoor 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.