Public Employees Retirement System of Ohio Invests $4.95 Million in Deckers Outdoor Corporation $DECK

Public Employees Retirement System of Ohio bought a new position in Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, Holdings Channel reports. The fund bought 49,866 shares of the textile maker’s stock, valued at approximately $4,951,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Geneos Wealth Management Inc. lifted its holdings in shares of 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 purchasing an additional 215 shares during the last quarter. Elyxium Wealth LLC purchased a new position in Deckers Outdoor in the 4th quarter worth about $30,000. Rakuten Securities Inc. increased its stake in Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in Deckers Outdoor during the 4th quarter worth about $35,000. Finally, MUFG Securities EMEA plc acquired a new stake in Deckers Outdoor during the 2nd quarter worth about $46,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DECK shares. Sanford C. Bernstein reiterated a “market perform” rating and issued a $105.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Telsey Advisory Group cut their price target on shares of Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating on the stock in a report on Friday, July 24th. Robert W. Baird decreased their price objective on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research note on Friday, July 17th. Finally, Barclays set a $133.00 price objective on shares of Deckers Outdoor and gave the stock an “overweight” rating in a research report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $117.16.

Deckers Outdoor Price Performance

NYSE:DECK opened at $83.76 on Thursday. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $125.45. The stock’s 50-day moving average is $97.93 and its two-hundred day moving average is $103.46. The stock has a market cap of $11.41 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.31 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, equities research analysts anticipate that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

Deckers Outdoor 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.