Public Employees Retirement System of Ohio Acquires 270 Shares of Deckers Outdoor Corporation (DECK)

Public Employees Retirement System of Ohio increased its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 6.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,370 shares of the textile maker’s stock after purchasing an additional 270 shares during the period. Public Employees Retirement System of Ohio’s holdings in Deckers Outdoor Corporation were worth $298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Flinton Capital Management LLC lifted its position in Deckers Outdoor Corporation by 74.2% during the second quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock valued at $118,000 after acquiring an additional 736 shares during the last quarter. Riverhead Capital Management LLC lifted its position in Deckers Outdoor Corporation by 75.5% during the second quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock valued at $132,000 after acquiring an additional 831 shares during the last quarter. James Investment Research Inc. purchased a new stake in Deckers Outdoor Corporation during the second quarter valued at approximately $148,000. PNC Financial Services Group Inc. lifted its position in Deckers Outdoor Corporation by 91.2% during the second quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock valued at $175,000 after acquiring an additional 1,213 shares during the last quarter. Finally, Parallax Volatility Advisers L.P. lifted its position in Deckers Outdoor Corporation by 401.9% during the second quarter. Parallax Volatility Advisers L.P. now owns 2,654 shares of the textile maker’s stock valued at $181,000 after acquiring an additional 3,533 shares during the last quarter. Hedge funds and other institutional investors own 99.57% of the company’s stock.

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Shares of Deckers Outdoor Corporation (DECK) opened at $69.64 on Wednesday. The firm has a market cap of $2,213.33, a price-to-earnings ratio of 15.46, a PEG ratio of 1.51 and a beta of 1.19. Deckers Outdoor Corporation has a 52 week low of $44.00 and a 52 week high of $73.45. The company has a quick ratio of 1.26, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

Deckers Outdoor Corporation (NYSE:DECK) last released its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.52. The firm had revenue of $482.50 million for the quarter, compared to analyst estimates of $440.11 million. Deckers Outdoor Corporation had a net margin of 1.80% and a return on equity of 15.23%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.21 earnings per share. research analysts forecast that Deckers Outdoor Corporation will post 4.3 EPS for the current fiscal year.

Deckers Outdoor Corporation announced that its board has authorized a share buyback program on Thursday, October 26th that allows the company to repurchase $335.00 million in outstanding shares. This repurchase authorization allows the textile maker to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

DECK has been the subject of a number of analyst reports. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $57.00 target price (down previously from $60.00) on shares of Deckers Outdoor Corporation in a research report on Monday, July 24th. Piper Jaffray Companies set a $66.00 target price on shares of Deckers Outdoor Corporation and gave the company a “hold” rating in a research report on Thursday, July 27th. Telsey Advisory Group increased their target price on shares of Deckers Outdoor Corporation from $68.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Canaccord Genuity set a $76.00 target price on shares of Deckers Outdoor Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Stifel Nicolaus set a $74.00 target price on shares of Deckers Outdoor Corporation and gave the company a “buy” rating in a research report on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $69.43.

Deckers Outdoor Corporation Profile

Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.

Institutional Ownership by Quarter for Deckers Outdoor Corporation (NYSE:DECK)

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