Teachers Retirement System of The State of Kentucky Has $24.71 Million Stock Position in Deckers Outdoor Corporation $DECK

Teachers Retirement System of The State of Kentucky lifted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 1,976.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 246,892 shares of the textile maker’s stock after purchasing an additional 235,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Deckers Outdoor were worth $24,711,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in DECK. Geneos Wealth Management Inc. grew its stake in shares of Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after buying an additional 215 shares in the last quarter. Elyxium Wealth LLC bought a new stake in Deckers Outdoor during the fourth quarter worth $30,000. Rakuten Securities Inc. raised its position in Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after acquiring an additional 100 shares in the last quarter. Activest Wealth Management lifted its stake in Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 245 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Deckers Outdoor in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

DECK opened at $106.06 on Monday. The business has a fifty day simple moving average of $104.97 and a 200 day simple moving average of $106.00. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $126.50. The company has a market capitalization of $14.73 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 2.10 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.15. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business earned $1.00 EPS. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Equities analysts anticipate that Deckers Outdoor Corporation will post 7.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DECK shares. UBS Group upped their target price on shares of Deckers Outdoor from $145.00 to $161.00 and gave the company a “buy” rating in a report on Friday, May 22nd. KeyCorp reissued a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, May 22nd. Truist Financial set a $125.00 price objective on shares of Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, May 22nd. KGI Securities lowered shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective on the stock. in a research report on Friday, May 22nd. Finally, Stifel Nicolaus set a $144.00 price target on shares of Deckers Outdoor in a research note on Friday, May 29th. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $121.11.

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.