Strs Ohio Has $14.47 Million Position in Deckers Outdoor Corporation $DECK

Strs Ohio cut its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 14.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,732 shares of the textile maker’s stock after selling 23,380 shares during the period. Strs Ohio owned approximately 0.10% of Deckers Outdoor worth $14,469,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Park Place Capital Corp grew its stake in Deckers Outdoor by 14.9% during the second quarter. Park Place Capital Corp now owns 771 shares of the textile maker’s stock worth $81,000 after purchasing an additional 100 shares during the period. Rakuten Securities Inc. boosted its holdings in shares of Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after buying an additional 100 shares in the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of Deckers Outdoor by 4.3% during the 3rd quarter. Perigon Wealth Management LLC now owns 2,597 shares of the textile maker’s stock worth $263,000 after buying an additional 106 shares in the last quarter. American National Bank & Trust grew its position in shares of Deckers Outdoor by 77.4% during the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after buying an additional 106 shares during the period. Finally, RB Capital Management LLC increased its stake in shares of Deckers Outdoor by 1.0% in the 3rd quarter. RB Capital Management LLC now owns 10,679 shares of the textile maker’s stock valued at $1,083,000 after acquiring an additional 110 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Deckers Outdoor

In related news, insider Angela Ogbechie sold 1,460 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $81.45, for a total transaction of $118,917.00. Following the transaction, the insider directly owned 34,020 shares in the company, valued at approximately $2,770,929. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is owned by insiders.

Deckers Outdoor Stock Down 1.7%

Shares of NYSE:DECK opened at $99.85 on Monday. The business’s 50 day moving average is $98.11 and its 200 day moving average is $101.43. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $223.98. The stock has a market cap of $14.55 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 4.51 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 23rd. The textile maker reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.24. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.41 billion. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.Deckers Outdoor’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.59 EPS. As a group, equities research analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wells Fargo & Company reduced their price target on shares of Deckers Outdoor from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, October 24th. Zacks Research cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Stifel Nicolaus upgraded Deckers Outdoor from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research note on Tuesday, November 18th. Robert W. Baird lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Finally, TD Cowen reiterated a “buy” rating on shares of Deckers Outdoor in a report on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $117.58.

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.