Los Angeles Capital Management LLC Buys 495,364 Shares of Deckers Outdoor Co. (NYSE:DECK)

Los Angeles Capital Management LLC increased its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 507.3% during the fourth quarter, according to the company in its most recent Form 13F 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 filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AMF Tjanstepension AB raised its holdings in Deckers Outdoor by 495.7% in the 3rd quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker's stock valued at $151,924,000 after acquiring an additional 792,849 shares in the last quarter. Blue Trust Inc. increased its position in shares of Deckers Outdoor by 56.6% in the third quarter. Blue Trust Inc. now owns 736 shares of the textile maker's stock worth $117,000 after purchasing an additional 266 shares during the period. Sequoia Financial Advisors LLC raised its stake in Deckers Outdoor by 540.6% in the third quarter. Sequoia Financial Advisors LLC now owns 2,985 shares of the textile maker's stock valued at $476,000 after purchasing an additional 2,519 shares in the last quarter. Private Advisor Group LLC lifted its position in Deckers Outdoor by 627.0% during the third quarter. Private Advisor Group LLC now owns 5,525 shares of the textile maker's stock worth $881,000 after purchasing an additional 4,765 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in Deckers Outdoor during the third quarter worth about $24,865,000. Institutional investors and hedge funds own 97.79% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have recently commented on DECK. Needham & Company LLC restated a "buy" rating and issued a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Telsey Advisory Group restated an "outperform" rating and set a $240.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Wells Fargo & Company reduced their target price on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. UBS Group lifted their price target on Deckers Outdoor from $267.00 to $284.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Finally, Jefferies Financial Group upped their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a research report on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $197.41.

Deckers Outdoor Trading Up 0.6 %

NYSE:DECK traded up $0.80 during mid-day trading on Friday, hitting $139.29. 3,003,189 shares of the company's stock were exchanged, compared to its average volume of 3,122,442. Deckers Outdoor Co. has a fifty-two week low of $131.39 and a fifty-two week high of $223.98. The firm has a market capitalization of $21.14 billion, a P/E ratio of 22.58, a PEG ratio of 1.68 and a beta of 1.07. The company has a 50 day simple moving average of $188.68 and a 200-day simple moving average of $153.47.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly 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%. As a group, analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insiders Place Their Bets

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

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.