Lord Abbett & CO. LLC Invests $49.05 Million in Deckers Outdoor Corp (DECK) Stock

Lord Abbett & CO. LLC acquired a new stake in Deckers Outdoor Corp (NYSE:DECK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 383,386 shares of the textile maker’s stock, valued at approximately $49,054,000. Lord Abbett & CO. LLC owned approximately 1.32% of Deckers Outdoor as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors increased its stake in Deckers Outdoor by 55.1% during the fourth quarter. Captrust Financial Advisors now owns 1,345 shares of the textile maker’s stock worth $172,000 after acquiring an additional 478 shares during the last quarter. Gideon Capital Advisors Inc. bought a new stake in Deckers Outdoor during the fourth quarter worth approximately $357,000. United Services Automobile Association increased its stake in Deckers Outdoor by 6.7% during the fourth quarter. United Services Automobile Association now owns 33,525 shares of the textile maker’s stock worth $4,290,000 after acquiring an additional 2,103 shares during the last quarter. Convergence Investment Partners LLC increased its stake in Deckers Outdoor by 7.9% during the fourth quarter. Convergence Investment Partners LLC now owns 15,032 shares of the textile maker’s stock worth $1,923,000 after acquiring an additional 1,098 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in Deckers Outdoor by 47.1% during the fourth quarter. Hsbc Holdings PLC now owns 61,128 shares of the textile maker’s stock worth $7,822,000 after acquiring an additional 19,559 shares during the last quarter.

Shares of NYSE:DECK opened at $142.25 on Thursday. Deckers Outdoor Corp has a 52-week low of $85.81 and a 52-week high of $153.30. The company has a market capitalization of $4.13 billion, a P/E ratio of 24.78, a PEG ratio of 1.49 and a beta of 0.72. The company has a current ratio of 3.06, a quick ratio of 2.19 and a debt-to-equity ratio of 0.03.



Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, January 31st. The textile maker reported $6.59 earnings per share for the quarter, topping analysts’ consensus estimates of $5.31 by $1.28. The company had revenue of $873.80 million during the quarter, compared to analyst estimates of $826.90 million. Deckers Outdoor had a return on equity of 27.09% and a net margin of 12.87%. During the same quarter in the prior year, the business earned $4.97 earnings per share. As a group, equities research analysts predict that Deckers Outdoor Corp will post 7.96 earnings per share for the current fiscal year.

A number of research firms have recently commented on DECK. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $161.00 target price (up previously from $150.00) on shares of Deckers Outdoor in a research note on Wednesday, February 27th. ValuEngine cut Deckers Outdoor from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Pivotal Research reaffirmed a “hold” rating on shares of Deckers Outdoor in a research note on Monday, January 28th. Robert W. Baird upped their target price on Deckers Outdoor from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, February 4th. Finally, Bank of America reaffirmed a “neutral” rating and set a $150.00 target price (up previously from $134.00) on shares of Deckers Outdoor in a research note on Friday, February 1st. Fourteen research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Deckers Outdoor has an average rating of “Hold” and an average target price of $129.40.

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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. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.

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Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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