Lord Abbett & CO. LLC Has $9.71 Million Holdings in Deckers Outdoor Co. (NYSE:DECK)

Lord Abbett & CO. LLC increased its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 110.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,894 shares of the textile maker's stock after acquiring an additional 31,947 shares during the quarter. Lord Abbett & CO. LLC's holdings in Deckers Outdoor were worth $9,710,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. ClariVest Asset Management LLC lifted its position in shares of Deckers Outdoor by 0.4% in the second quarter. ClariVest Asset Management LLC now owns 3,474 shares of the textile maker's stock worth $3,363,000 after purchasing an additional 14 shares in the last quarter. U S Global Investors Inc. increased its position in Deckers Outdoor by 1.5% in the 2nd quarter. U S Global Investors Inc. now owns 995 shares of the textile maker's stock worth $963,000 after purchasing an additional 15 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of Deckers Outdoor by 1.4% during the 2nd quarter. Arkadios Wealth Advisors now owns 1,341 shares of the textile maker's stock worth $1,298,000 after purchasing an additional 19 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Deckers Outdoor by 7.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker's stock valued at $264,000 after buying an additional 19 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Deckers Outdoor by 5.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 406 shares of the textile maker's stock valued at $393,000 after buying an additional 20 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Down 0.4 %

Deckers Outdoor stock traded down $0.74 during trading hours on Tuesday, hitting $210.38. The stock had a trading volume of 1,709,687 shares, compared to its average volume of 2,205,904. Deckers Outdoor Co. has a fifty-two week low of $108.65 and a fifty-two week high of $213.03. The company has a market cap of $31.96 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 2.87 and a beta of 1.08. The company has a 50-day moving average of $177.93 and a two-hundred day moving average of $94.34.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the firm earned $1.14 EPS. The firm's revenue for the quarter was up 20.1% compared to the same quarter last year. As a group, analysts forecast that Deckers Outdoor Co. will post 5.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Guggenheim initiated coverage on shares of Deckers Outdoor in a research report on Wednesday, October 9th. They set a "neutral" rating on the stock. Wells Fargo & Company lifted their price objective on shares of Deckers Outdoor from $165.00 to $170.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Needham & Company LLC increased their target price on shares of Deckers Outdoor from $218.00 to $226.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. TD Cowen boosted their price target on Deckers Outdoor from $178.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Finally, UBS Group increased their price objective on Deckers Outdoor from $226.00 to $232.00 and gave the company a "buy" rating in a report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Deckers Outdoor has a consensus rating of "Moderate Buy" and a consensus price target of $158.59.

Insider Transactions at Deckers Outdoor

In other news, insider Thomas Garcia sold 18,000 shares of Deckers Outdoor stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total value of $3,155,040.00. Following the completion of the transaction, the insider now owns 63,642 shares in the company, valued at approximately $11,155,169.76. The trade was a 22.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total value of $208,620.72. Following the sale, the insider now owns 29,628 shares in the company, valued at approximately $4,836,474.72. This trade represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,234 shares of company stock valued at $15,248,513. Corporate insiders own 0.40% of the company's stock.

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 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.