Strs Ohio Sells 23,380 Shares of Deckers Outdoor Corporation $DECK

Strs Ohio reduced its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 14.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 142,732 shares of the textile maker’s stock after selling 23,380 shares during the quarter. Strs Ohio’s holdings in Deckers Outdoor were worth $14,469,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. American National Bank & Trust grew its stake in Deckers Outdoor by 77.4% in the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 106 shares during the period. True Wealth Design LLC boosted its holdings in shares of Deckers Outdoor by 2,440.0% in the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock worth $26,000 after buying an additional 244 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Deckers Outdoor by 330.8% during 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 during the period. CVA Family Office LLC grew its position in Deckers Outdoor by 137.4% during the second quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock valued at $32,000 after buying an additional 180 shares during the period. Finally, Rakuten Securities Inc. increased its holdings 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 buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insider Activity

In related news, insider Angela Ogbechie sold 1,460 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $81.45, for a total transaction of $118,917.00. Following the sale, the insider owned 34,020 shares of the company’s stock, valued at approximately $2,770,929. This represents a 4.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Stifel Nicolaus upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research note on Tuesday, November 18th. Robert W. Baird cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 7th. Zacks Research downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Citigroup reissued a “buy” rating and issued a $130.00 target price (up from $120.00) on shares of Deckers Outdoor in a research report on Thursday, January 15th. Finally, Telsey Advisory Group lowered their target price on Deckers Outdoor from $120.00 to $105.00 and set a “market perform” rating on the stock in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor currently has an average rating of “Hold” and an average price target of $117.58.

Deckers Outdoor Trading Down 1.7%

Deckers Outdoor stock opened at $99.85 on Monday. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $223.98. The firm has a market capitalization of $14.55 billion, a price-to-earnings ratio of 14.79, a P/E/G ratio of 4.51 and a beta of 1.15. The firm has a 50 day simple moving average of $98.11 and a 200 day simple moving average of $101.43.

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

Deckers Outdoor Company 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.