Public Employees Retirement System of Ohio Buys 10,974 Shares of Deckers Outdoor Co. (NYSE:DECK)

Public Employees Retirement System of Ohio lifted its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 18.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,373 shares of the textile maker's stock after purchasing an additional 10,974 shares during the period. Public Employees Retirement System of Ohio's holdings in Deckers Outdoor were worth $14,495,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Deckers Outdoor in the fourth quarter valued at $392,583,000. JPMorgan Chase & Co. increased its holdings in Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock valued at $206,790,000 after buying an additional 1,170,855 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Deckers Outdoor during the fourth quarter worth approximately $185,451,000. Jacobs Levy Equity Management Inc. lifted its position in shares of Deckers Outdoor by 204.8% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 889,624 shares of the textile maker's stock worth $180,674,000 after buying an additional 597,743 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Deckers Outdoor by 101.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,003,743 shares of the textile maker's stock valued at $203,850,000 after acquiring an additional 505,139 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

Shares of NYSE DECK traded up $2.93 during trading on Thursday, reaching $107.25. The company had a trading volume of 4,675,951 shares, compared to its average volume of 3,390,004. The business's 50 day moving average price is $113.77 and its 200-day moving average price is $156.74. The stock has a market cap of $16.28 billion, a PE ratio of 17.39, a PEG ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The textile maker reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.43. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Deckers Outdoor's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 EPS. Equities analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Deckers Outdoor declared that its Board of Directors has approved a share repurchase program on Thursday, May 22nd that allows the company to buyback $2.25 billion in outstanding shares. This buyback authorization allows the textile maker to reacquire up to 11.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the transaction, the director now owns 241,777 shares of the company's stock, valued at approximately $33,568,318.68. The trade was a 9.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the sale, the director now directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. The trade was a 2.81% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

DECK has been the subject of several analyst reports. Raymond James reissued a "strong-buy" rating on shares of Deckers Outdoor in a report on Friday, May 23rd. Needham & Company LLC set a $150.00 target price on Deckers Outdoor and gave the company a "buy" rating in a report on Wednesday, May 21st. TD Securities upped their price objective on Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Citigroup cut their target price on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Finally, Guggenheim restated a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Thirteen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $134.68.

Deckers Outdoor Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.