California State Teachers Retirement System Reduces Position in Deckers Outdoor Corporation (DECK)

California State Teachers Retirement System reduced its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 9.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,638 shares of the textile maker’s stock after selling 5,435 shares during the period. California State Teachers Retirement System owned about 0.16% of Deckers Outdoor worth $3,464,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Flinton Capital Management LLC increased its stake in shares of Deckers Outdoor by 74.2% in the second quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock worth $118,000 after buying an additional 736 shares during the last quarter. Riverhead Capital Management LLC increased its stake in shares of Deckers Outdoor by 75.5% in the second quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock worth $132,000 after buying an additional 831 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Deckers Outdoor by 91.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock worth $175,000 after buying an additional 1,213 shares during the last quarter. Parallax Volatility Advisers L.P. increased its stake in shares of Deckers Outdoor by 401.9% in the second quarter. Parallax Volatility Advisers L.P. now owns 2,654 shares of the textile maker’s stock worth $181,000 after buying an additional 3,533 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Deckers Outdoor in the third quarter worth $202,000.

Shares of Deckers Outdoor Corporation (NYSE DECK) opened at $82.95 on Tuesday. Deckers Outdoor Corporation has a 1-year low of $44.00 and a 1-year high of $83.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.26. The firm has a market cap of $2,650.00, a PE ratio of 82.95, a price-to-earnings-growth ratio of 1.76 and a beta of 1.26.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.52. Deckers Outdoor had a net margin of 1.80% and a return on equity of 15.23%. The company had revenue of $482.50 million during the quarter, compared to the consensus estimate of $440.11 million. During the same period in the prior year, the company earned $1.21 EPS. Deckers Outdoor’s revenue was down .7% on a year-over-year basis. equities research analysts anticipate that Deckers Outdoor Corporation will post 4.34 earnings per share for the current fiscal year.

Deckers Outdoor announced that its board has approved a share repurchase plan on Thursday, October 26th that permits the company to buyback $335.00 million in shares. This buyback authorization permits the textile maker to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Several research firms have weighed in on DECK. UBS Group lowered shares of Deckers Outdoor to a “neutral” rating in a research note on Monday, October 16th. Jefferies Group set a $82.00 target price on shares of Deckers Outdoor and gave the company a “buy” rating in a research note on Sunday, October 29th. Buckingham Research set a $68.00 price target on shares of Deckers Outdoor and gave the stock a “hold” rating in a research report on Friday, October 27th. Telsey Advisory Group upped their price target on shares of Deckers Outdoor from $72.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Finally, BidaskClub upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $71.69.

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Deckers Outdoor Company Profile

Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.

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

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