Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC lifted its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 181.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 171,579 shares of the textile maker's stock after acquiring an additional 110,685 shares during the quarter. Lord Abbett & CO. LLC owned about 0.11% of Deckers Outdoor worth $34,846,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DECK. Vanguard Group Inc. raised its position in shares of Deckers Outdoor by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker's stock valued at $3,582,464,000 after buying an additional 229,807 shares during the last quarter. Geode Capital Management LLC boosted its stake in Deckers Outdoor by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker's stock worth $831,723,000 after purchasing an additional 45,035 shares in the last quarter. Norges Bank acquired a new stake in Deckers Outdoor in the 4th quarter valued at about $392,583,000. American Century Companies Inc. boosted its position in Deckers Outdoor by 6.4% in the 4th quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker's stock valued at $265,262,000 after buying an additional 78,623 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock worth $206,790,000 after purchasing an additional 1,170,855 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Stock Performance

DECK stock traded up $2.52 during mid-day trading on Tuesday, reaching $111.67. 1,872,783 shares of the stock traded hands, compared to its average volume of 2,379,907. Deckers Outdoor Co. has a one year low of $93.72 and a one year high of $223.98. The stock has a market capitalization of $16.95 billion, a PE ratio of 18.10, a PEG ratio of 1.68 and a beta of 1.07. The business has a 50-day moving average price of $118.56 and a two-hundred day moving average price of $163.43.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. On average, equities analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Evercore ISI upped their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. Bank of America boosted their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. UBS Group upped their target price on Deckers Outdoor from $267.00 to $284.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Telsey Advisory Group reissued an "outperform" rating and set a $240.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Citigroup reduced their price target on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $179.83.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the transaction, the director now owns 10,388 shares in the company, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the sale, the director now directly owns 241,777 shares of the company's stock, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

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