Public Employees Retirement System of Ohio Grows Position in Deckers Outdoor Corp (DECK)

Public Employees Retirement System of Ohio raised its stake in Deckers Outdoor Corp (NYSE:DECK) by 1,847.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,210 shares of the textile maker’s stock after acquiring an additional 42,889 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.16% of Deckers Outdoor worth $5,785,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. AQR Capital Management LLC grew its holdings in Deckers Outdoor by 37.4% in the 3rd quarter. AQR Capital Management LLC now owns 1,552,467 shares of the textile maker’s stock valued at $184,092,000 after buying an additional 422,981 shares in the last quarter. FMR LLC lifted its stake in shares of Deckers Outdoor by 43.7% in the 3rd quarter. FMR LLC now owns 1,010,311 shares of the textile maker’s stock valued at $119,803,000 after purchasing an additional 306,997 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Deckers Outdoor by 29.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 582,742 shares of the textile maker’s stock valued at $69,101,000 after purchasing an additional 133,290 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Deckers Outdoor by 0.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 569,160 shares of the textile maker’s stock valued at $67,492,000 after purchasing an additional 3,043 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at $49,054,000.

DECK traded up $2.78 during mid-day trading on Wednesday, hitting $154.75. 277,800 shares of the stock were exchanged, compared to its average volume of 566,413. Deckers Outdoor Corp has a 1-year low of $89.66 and a 1-year high of $155.42. The company has a current ratio of 3.06, a quick ratio of 2.19 and a debt-to-equity ratio of 0.03. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 1.54 and a beta of 0.72.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, January 31st. The textile maker reported $6.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.31 by $1.28. Deckers Outdoor had a return on equity of 27.09% and a net margin of 12.87%. The firm had revenue of $873.80 million for the quarter, compared to analyst estimates of $826.90 million. During the same quarter in the prior year, the company earned $4.97 EPS. On average, research analysts forecast that Deckers Outdoor Corp will post 7.96 earnings per share for the current year.

Several equities analysts have recently commented on DECK shares. ValuEngine raised Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Saturday, February 2nd. Canaccord Genuity set a $143.00 price target on Deckers Outdoor and gave the company a “buy” rating in a research note on Friday, January 18th. Pivotal Research reaffirmed a “hold” rating on shares of Deckers Outdoor in a research note on Monday, January 28th. Zacks Investment Research lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Jefferies Financial Group set a $132.00 price target on Deckers Outdoor and gave the company a “hold” rating in a research note on Saturday, February 2nd. Fourteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Deckers Outdoor has a consensus rating of “Hold” and a consensus target price of $131.50.

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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. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.

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

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