Strs Ohio Trims Holdings in Deckers Outdoor Corporation $DECK

Strs Ohio lessened its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 10.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,676 shares of the textile maker’s stock after selling 15,056 shares during the period. Strs Ohio’s holdings in Deckers Outdoor were worth $13,236,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Rakuten Securities Inc. boosted its position in Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. American National Bank & Trust boosted its position in Deckers Outdoor by 77.4% during the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 106 shares in the last quarter. Perigon Wealth Management LLC boosted its position in Deckers Outdoor by 4.3% during the 3rd quarter. Perigon Wealth Management LLC now owns 2,597 shares of the textile maker’s stock valued at $263,000 after acquiring an additional 106 shares in the last quarter. Miracle Mile Advisors LLC boosted its position in Deckers Outdoor by 2.3% during the 3rd quarter. Miracle Mile Advisors LLC now owns 4,990 shares of the textile maker’s stock valued at $506,000 after acquiring an additional 112 shares in the last quarter. Finally, Resonant Capital Advisors LLC boosted its position in Deckers Outdoor by 4.3% during the 3rd quarter. Resonant Capital Advisors LLC now owns 3,097 shares of the textile maker’s stock valued at $314,000 after acquiring an additional 128 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on DECK shares. Piper Sandler reaffirmed an “underweight” rating and set a $95.00 price objective (up from $85.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Zacks Research cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Raymond James Financial cut Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price objective on the stock. in a research report on Thursday, April 23rd. Jefferies Financial Group lifted their price objective on Deckers Outdoor from $102.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday, January 27th. Finally, Stifel Nicolaus lifted their price objective on Deckers Outdoor from $117.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor has an average rating of “Hold” and an average price target of $126.35.

Insider Activity at Deckers Outdoor

In related news, insider Anne Spangenberg sold 4,063 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $116.02, for a total value of $471,389.26. Following the transaction, the insider directly owned 80,449 shares of the company’s stock, valued at approximately $9,333,692.98. This represents a 4.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lauri M. Shanahan sold 4,682 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the transaction, the director directly owned 25,026 shares in the company, valued at $2,873,985.84. This trade represents a 15.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 9,092 shares of company stock valued at $1,048,552. 0.40% of the stock is owned by corporate insiders.

Deckers Outdoor Stock Down 0.1%

Deckers Outdoor stock opened at $100.78 on Monday. The company has a market capitalization of $14.31 billion, a P/E ratio of 14.23, a PEG ratio of 2.16 and a beta of 1.14. The stock’s 50 day moving average is $106.10 and its 200 day moving average is $101.23. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $133.43.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.56. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.00 EPS. As a group, equities analysts expect that Deckers Outdoor Corporation will post 6.87 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.