Los Angeles Capital Management LLC Invests $10.88 Million in Deckers Outdoor Co. (NYSE:DECK)

Los Angeles Capital Management LLC bought a new stake in Deckers Outdoor Co. (NYSE:DECK) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,558 shares of the textile maker’s stock, valued at approximately $10,879,000.

A number of other large investors have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC raised its stake in shares of Deckers Outdoor by 437.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after buying an additional 35 shares during the period. Anchor Investment Management LLC acquired a new position in Deckers Outdoor during the 4th quarter worth about $33,000. FSC Wealth Advisors LLC acquired a new stake in Deckers Outdoor in the 4th quarter valued at about $39,000. JFS Wealth Advisors LLC raised its position in Deckers Outdoor by 265.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 84 shares of the textile maker’s stock valued at $56,000 after purchasing an additional 61 shares in the last quarter. Finally, Janiczek Wealth Management LLC raised its position in shares of Deckers Outdoor by 20.8% during the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock worth $62,000 after acquiring an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

DECK has been the topic of several research analyst reports. Telsey Advisory Group raised their target price on Deckers Outdoor from $985.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 28th. Wedbush raised their target price on Deckers Outdoor from $1,000.00 to $1,030.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. Barclays dropped their price target on Deckers Outdoor from $1,110.00 to $1,026.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 21st. BTIG Research raised their price target on Deckers Outdoor from $1,020.00 to $1,120.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Finally, Bank of America raised their price target on Deckers Outdoor from $860.00 to $1,020.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,018.44.

Deckers Outdoor Trading Down 0.9 %

Shares of DECK stock opened at $1,008.39 on Thursday. The business’s 50 day moving average is $925.44 and its two-hundred day moving average is $847.24. Deckers Outdoor Co. has a twelve month low of $484.02 and a twelve month high of $1,106.89. The company has a market capitalization of $25.65 billion, a P/E ratio of 34.43, a price-to-earnings-growth ratio of 3.37 and a beta of 1.11.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $2.13. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The firm had revenue of $959.76 million for the quarter, compared to the consensus estimate of $892.00 million. During the same period in the previous year, the business earned $3.46 earnings per share. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. As a group, equities analysts predict that Deckers Outdoor Co. will post 30.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction on Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Thomas Garcia sold 4,000 shares of Deckers Outdoor stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $1,074.86, for a total value of $4,299,440.00. Following the completion of the sale, the insider now owns 11,654 shares of the company’s stock, valued at $12,526,418.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction on Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,101 shares of company stock valued at $28,858,562. 0.70% of the stock is owned by 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.