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

Lord Abbett & CO. LLC lifted its holdings in Deckers Outdoor Co. (NYSE:DECK) by 110.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 60,894 shares of the textile maker’s stock after purchasing an additional 31,947 shares during the quarter. Lord Abbett & CO. LLC’s holdings in Deckers Outdoor were worth $9,710,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Solstein Capital LLC boosted its holdings in shares of Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after buying an additional 135 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in Deckers Outdoor by 460.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 23 shares in the last quarter. Bell Investment Advisors Inc boosted its stake in Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new stake in shares of Deckers Outdoor in the 2nd quarter valued at about $34,000. 97.79% of the stock is owned by institutional investors.

Insider Transactions at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the transaction, the insider now directly owns 63,642 shares in the company, valued at approximately $11,155,169.76. This represents a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,234 shares of company stock worth $15,248,513 over the last quarter. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Trading Up 2.2 %

DECK opened at $211.13 on Tuesday. The stock’s fifty day simple moving average is $176.88 and its 200 day simple moving average is $93.07. Deckers Outdoor Co. has a 1-year low of $108.65 and a 1-year high of $213.03. The stock has a market cap of $32.08 billion, a PE ratio of 37.11, a price-to-earnings-growth ratio of 2.87 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.35. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The company’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 earnings per share. Equities analysts forecast that Deckers Outdoor Co. will post 5.49 earnings per share for the current year.

Wall Street Analyst Weigh In

DECK has been the subject of a number of research reports. Piper Sandler set a $166.00 price objective on Deckers Outdoor in a report on Thursday, October 17th. KeyCorp raised their price target on shares of Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Telsey Advisory Group boosted their price objective on shares of Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Truist Financial raised their target price on shares of Deckers Outdoor from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, BTIG Research cut shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $158.59.

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.