Strs Ohio Sells 15,056 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Strs Ohio reduced its stake in Deckers Outdoor by 10.5%, selling 15,056 shares and leaving it with 127,676 shares (about 0.09% of the company) valued at roughly $13.24 million.
• Company insiders have sold a total of 9,092 shares worth about $1.05 million in the past 90 days (notably Anne Spangenberg and Director Lauri M. Shanahan), leaving insiders with a 0.40% ownership stake.
• Deckers reported a strong quarter—$3.33 EPS and $1.96 billion revenue, both beating estimates—with high margins and ROE, while analysts remain mixed (average rating: Hold, average target: $126.35) and institutional ownership stands at 97.79%.

Strs Ohio decreased its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 127,676 shares of the textile maker's stock after selling 15,056 shares during the period. Strs Ohio owned approximately 0.09% of Deckers Outdoor worth $13,236,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Viking Global Investors LP bought a new stake in Deckers Outdoor during the third quarter valued at $175,058,000. Northern Trust Corp boosted its stake in Deckers Outdoor by 3.6% during the third quarter. Northern Trust Corp now owns 1,721,542 shares of the textile maker's stock valued at $174,513,000 after buying an additional 60,029 shares during the period. Wellington Management Group LLP boosted its stake in Deckers Outdoor by 12.9% during the third quarter. Wellington Management Group LLP now owns 1,445,580 shares of the textile maker's stock valued at $146,538,000 after buying an additional 165,384 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Deckers Outdoor by 29.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,442,771 shares of the textile maker's stock valued at $146,254,000 after buying an additional 331,794 shares during the period. Finally, TD Asset Management Inc boosted its stake in Deckers Outdoor by 9.2% during the third quarter. TD Asset Management Inc now owns 1,378,343 shares of the textile maker's stock valued at $139,723,000 after buying an additional 116,310 shares during the period. Institutional investors own 97.79% of the company's stock.

Insider Activity at Deckers Outdoor

In related news, insider Anne Spangenberg sold 4,063 shares of the business's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the transaction, the insider owned 80,449 shares in the company, valued at $9,333,692.98. The trade was a 4.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lauri M. Shanahan sold 4,682 shares of the business's stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the transaction, the director owned 25,026 shares in the company, valued at approximately $2,873,985.84. This represents a 15.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,092 shares of company stock worth $1,048,552 in the last 90 days. Company insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DECK. Evercore set a $108.00 price objective on Deckers Outdoor in a research report on Friday, January 30th. Piper Sandler reiterated 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. KGI Securities upgraded Deckers Outdoor from a "hold" rating to an "outperform" rating and set a $129.00 price objective on the stock in a research report on Friday, January 30th. Sanford C. Bernstein set a $90.00 price objective on Deckers Outdoor in a research report on Friday, January 30th. Finally, Needham & Company LLC increased their price objective on Deckers Outdoor from $115.00 to $138.00 and gave the company a "buy" rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $126.35.

Deckers Outdoor Trading Down 0.1%

DECK opened at $100.78 on Monday. The company has a market cap of $14.31 billion, a P/E ratio of 14.23, a P/E/G ratio of 2.16 and a beta of 1.14. The business's 50-day moving average price is $106.10 and its 200-day moving average price is $101.23. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $133.43.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, topping the consensus estimate of $2.77 by $0.56. The firm 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 company's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.00 earnings per share. Equities research analysts forecast that Deckers Outdoor Corporation will post 6.87 earnings per share for the current fiscal 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.

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