Strs Ohio Has $38.21 Million Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Strs Ohio reduced its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 15.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,166 shares of the textile maker's stock after selling 10,621 shares during the quarter. Strs Ohio owned about 0.22% of Deckers Outdoor worth $38,211,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DECK. BlackRock Inc. increased its position in Deckers Outdoor by 2.2% in the 1st quarter. BlackRock Inc. now owns 2,441,017 shares of the textile maker's stock valued at $1,097,359,000 after acquiring an additional 51,898 shares during the period. Morgan Stanley raised its stake in shares of Deckers Outdoor by 82.6% during the third quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker's stock worth $599,633,000 after purchasing an additional 527,546 shares during the last quarter. State Street Corp raised its stake in shares of Deckers Outdoor by 15.0% during the second quarter. State Street Corp now owns 838,595 shares of the textile maker's stock worth $442,493,000 after purchasing an additional 109,341 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Deckers Outdoor by 8.9% during the third quarter. Invesco Ltd. now owns 456,957 shares of the textile maker's stock worth $234,917,000 after purchasing an additional 37,194 shares during the period. Finally, Wellington Management Group LLP grew its position in Deckers Outdoor by 18.0% in the 1st quarter. Wellington Management Group LLP now owns 433,426 shares of the textile maker's stock valued at $118,658,000 after buying an additional 66,072 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO David Powers sold 17,978 shares of Deckers Outdoor stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $716.52, for a total value of $12,881,596.56. Following the completion of the sale, the chief executive officer now owns 98,218 shares of the company's stock, valued at $70,375,161.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO David Powers sold 17,978 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $716.52, for a total transaction of $12,881,596.56. Following the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $70,375,161.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Steven J. Fasching sold 5,000 shares of the business's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the completion of the sale, the chief financial officer now owns 29,291 shares of the company's stock, valued at $24,733,320.40. The disclosure for this sale can be found here. Insiders have sold a total of 42,449 shares of company stock valued at $34,172,388 in the last quarter. 0.70% of the stock is currently owned by company insiders.

Deckers Outdoor Trading Up 0.1 %

Shares of NYSE DECK traded up $1.01 during trading on Monday, reaching $815.38. The company had a trading volume of 480,982 shares, compared to its average volume of 440,309. Deckers Outdoor Co. has a twelve month low of $424.36 and a twelve month high of $956.17. The stock has a 50-day moving average price of $886.73 and a two-hundred day moving average price of $730.11. The stock has a market capitalization of $20.93 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 1.44 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $11.40 by $3.71. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.45 billion. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The firm's quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm earned $10.48 EPS. On average, sell-side analysts predict that Deckers Outdoor Co. will post 26.87 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DECK shares. UBS Group boosted their price target on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a "buy" rating in a research note on Friday, February 2nd. Stifel Nicolaus raised their price target on Deckers Outdoor from $709.00 to $775.00 and gave the company a "hold" rating in a report on Friday, February 2nd. Raymond James upped their price objective on Deckers Outdoor from $585.00 to $845.00 and gave the stock an "outperform" rating in a report on Tuesday, January 30th. Telsey Advisory Group reissued an "outperform" rating and issued a $930.00 target price on shares of Deckers Outdoor in a report on Thursday, February 15th. Finally, Truist Financial reaffirmed a "hold" rating and set a $864.00 price target (down from $983.00) on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $870.93.

About Deckers Outdoor

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.