Los Angeles Capital Management LLC Has $120.44 Million Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Los Angeles Capital Management LLC grew its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 507.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 593,020 shares of the textile maker’s stock after acquiring an additional 495,364 shares during the quarter. Los Angeles Capital Management LLC owned about 0.39% of Deckers Outdoor worth $120,436,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Todd Asset Management LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter worth $31,154,000. Coyle Financial Counsel LLC lifted its stake in shares of Deckers Outdoor by 500.2% in the fourth quarter. Coyle Financial Counsel LLC now owns 4,862 shares of the textile maker’s stock worth $987,000 after acquiring an additional 4,052 shares during the period. BankPlus Trust Department acquired a new position in shares of Deckers Outdoor in the fourth quarter worth approximately $82,000. Crestwood Advisors Group LLC lifted its stake in Deckers Outdoor by 4.6% in the fourth quarter. Crestwood Advisors Group LLC now owns 3,097 shares of the textile maker’s stock valued at $629,000 after buying an additional 137 shares during the period. Finally, Sigma Investment Counselors Inc. acquired a new position in Deckers Outdoor in the fourth quarter valued at approximately $3,143,000. 97.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DECK shares. Evercore ISI boosted their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Jefferies Financial Group upped their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Citigroup upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research note on Friday, February 7th. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, UBS Group upped their price target on Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Insider Activity

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the completion of the sale, the director now owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. This trade represents a 2.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

Deckers Outdoor Stock Performance

NYSE DECK opened at $139.98 on Tuesday. Deckers Outdoor Co. has a fifty-two week low of $131.39 and a fifty-two week high of $223.98. The stock has a 50 day simple moving average of $192.49 and a two-hundred day simple moving average of $152.80. The stock has a market cap of $21.25 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Sell-side analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Deckers Outdoor Company 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.