Los Angeles Capital Management LLC Sells 213,269 Shares of Deckers Outdoor Corporation $DECK

Los Angeles Capital Management LLC trimmed its position in Deckers Outdoor Corporation (NYSE:DECK) by 61.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 133,562 shares of the textile maker’s stock after selling 213,269 shares during the quarter. Los Angeles Capital Management LLC owned 0.09% of Deckers Outdoor worth $13,846,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in DECK. Allspring Global Investments Holdings LLC grew its stake in shares of Deckers Outdoor by 24.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 407,698 shares of the textile maker’s stock worth $43,538,000 after buying an additional 81,345 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Deckers Outdoor by 21.6% during the third quarter. American Century Companies Inc. now owns 1,157,559 shares of the textile maker’s stock worth $117,342,000 after purchasing an additional 205,748 shares during the period. Lombard Odier Asset Management USA Corp acquired a new position in shares of Deckers Outdoor during the third quarter worth $1,142,000. US Bancorp DE lifted its holdings in shares of Deckers Outdoor by 262.3% during the third quarter. US Bancorp DE now owns 61,436 shares of the textile maker’s stock worth $6,228,000 after purchasing an additional 44,477 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Deckers Outdoor by 309.0% during the fourth quarter. SG Americas Securities LLC now owns 240,466 shares of the textile maker’s stock worth $24,929,000 after purchasing an additional 181,675 shares during the period. 97.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DECK shares. Telsey Advisory Group set a $113.00 price target on shares of Deckers Outdoor in a report on Friday, May 22nd. Argus set a $128.00 price target on shares of Deckers Outdoor in a report on Friday, May 29th. Truist Financial set a $125.00 price target on shares of Deckers Outdoor and gave the stock a “buy” rating in a report on Friday, May 22nd. Raymond James Financial lowered shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price target on the stock. in a report on Thursday, April 23rd. Finally, UBS Group lifted their price target on shares of Deckers Outdoor from $145.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $121.11.

Deckers Outdoor Stock Up 0.0%

DECK stock opened at $108.15 on Monday. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 2.14 and a beta of 1.16. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $126.50. The company’s fifty day simple moving average is $103.90 and its 200 day simple moving average is $103.83.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.15. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. Deckers Outdoor’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Research analysts expect that Deckers Outdoor Corporation will post 7.44 earnings per share for the current year.

Deckers Outdoor Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.