Illinois Municipal Retirement Fund Purchases 6,265 Shares of Deckers Outdoor Corporation $DECK

Illinois Municipal Retirement Fund increased its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 5.1% during the 3rd quarter, Holdings Channel reports. The firm owned 129,945 shares of the textile maker’s stock after purchasing an additional 6,265 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Deckers Outdoor were worth $13,173,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new position in shares of Deckers Outdoor in the fourth quarter valued at approximately $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Deckers Outdoor by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after purchasing an additional 522 shares during the last quarter. Empowered Funds LLC boosted its position in Deckers Outdoor by 165.6% in the first quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock worth $1,145,000 after purchasing an additional 6,384 shares during the last quarter. Focus Partners Wealth grew its stake in Deckers Outdoor by 8.1% in the 1st quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock valued at $773,000 after purchasing an additional 521 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Deckers Outdoor by 37.0% during the 2nd quarter. Blue Trust Inc. now owns 1,044 shares of the textile maker’s stock valued at $108,000 after purchasing an additional 282 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

DECK has been the subject of several research reports. Citigroup restated a “buy” rating and set a $130.00 price target (up previously from $120.00) on shares of Deckers Outdoor in a research report on Thursday, January 15th. Guggenheim initiated coverage on shares of Deckers Outdoor in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. Evercore set a $108.00 price target on shares of Deckers Outdoor in a report on Friday, January 30th. TD Cowen reissued a “buy” rating on shares of Deckers Outdoor in a report on Friday, October 24th. Finally, BTIG Research restated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $125.20.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $115.99 on Friday. The stock has a market capitalization of $16.46 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 2.63 and a beta of 1.16. The company’s fifty day simple moving average is $104.65 and its two-hundred day simple moving average is $102.14. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $159.26.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.56. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the firm posted $3.00 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

About Deckers Outdoor

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.