Los Angeles Capital Management LLC Trims Position in Deckers Outdoor Corporation (NYSE:DECK)

Los Angeles Capital Management LLC decreased its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 48.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 303,959 shares of the textile maker's stock after selling 289,061 shares during the period. Los Angeles Capital Management LLC owned 0.20% of Deckers Outdoor worth $33,986,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Deckers Outdoor by 1.3% in 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 purchasing an additional 229,807 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 valued at $831,723,000 after acquiring an additional 45,035 shares in the last quarter. Norges Bank bought a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $392,583,000. Northern Trust Corp grew its holdings in Deckers Outdoor by 13.9% in the fourth quarter. Northern Trust Corp now owns 1,581,702 shares of the textile maker's stock worth $321,228,000 after purchasing an additional 192,469 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Deckers Outdoor by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,149 shares of the textile maker's stock valued at $289,027,000 after acquiring an additional 145,794 shares in the last quarter. Institutional investors own 97.79% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on DECK shares. Wells Fargo & Company reduced their target price on Deckers Outdoor from $100.00 to $90.00 and set an "equal weight" rating for the company in a research note on Monday. KeyCorp reissued a "sector weight" rating and set a $150.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 23rd. Raymond James Financial cut their price objective on Deckers Outdoor from $140.00 to $123.00 and set a "strong-buy" rating for the company in a research report on Tuesday. Cowen restated a "buy" rating on shares of Deckers Outdoor in a report on Tuesday, May 20th. Finally, Evercore ISI restated an "in-line" rating and set a $110.00 target price (down from $235.00) on shares of Deckers Outdoor in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Deckers Outdoor currently has an average rating of "Hold" and an average price target of $134.03.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $103.89, for a total value of $648,689.16. Following the sale, the insider directly owned 19,980 shares in the company, valued at $2,075,722.20. This represents a 23.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Cindy L. Davis bought 1,825 shares of the stock in a transaction on Friday, June 6th. The stock was purchased at an average price of $109.76 per share, for a total transaction of $200,312.00. Following the completion of the purchase, the director directly owned 13,340 shares in the company, valued at approximately $1,464,198.40. This represents a 15.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Stock Up 0.6%

Shares of DECK traded up $0.59 during trading hours on Tuesday, reaching $105.69. The stock had a trading volume of 2,652,371 shares, compared to its average volume of 2,713,104. Deckers Outdoor Corporation has a 52 week low of $93.72 and a 52 week high of $223.98. The firm has a 50-day moving average of $107.73 and a 200 day moving average of $131.40. The company has a market cap of $15.79 billion, a P/E ratio of 16.66, a P/E/G ratio of 6.69 and a beta of 0.99.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, May 22nd. The textile maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.43. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Deckers Outdoor had a net margin of 19.49% and a return on equity of 41.17%. Deckers Outdoor's revenue was up 6.5% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. As a group, equities analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Deckers Outdoor declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 22nd that permits the company to repurchase $2.25 billion in shares. This repurchase authorization permits the textile maker to purchase up to 11.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued.

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.