Los Angeles Capital Management & Equity Research Inc. bought a new position in Deckers Outdoor Corporation (NYSE:DECK) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 16,645 shares of the textile maker’s stock, valued at approximately $1,139,000. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.05% of Deckers Outdoor at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DECK. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Deckers Outdoor by 0.5% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 5,529 shares of the textile maker’s stock worth $318,000 after buying an additional 25 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Deckers Outdoor by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 13,500 shares of the textile maker’s stock worth $922,000 after buying an additional 200 shares during the last quarter. State Treasurer State of Michigan increased its holdings in shares of Deckers Outdoor by 1.5% during the 2nd quarter. State Treasurer State of Michigan now owns 13,200 shares of the textile maker’s stock worth $901,000 after buying an additional 200 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Deckers Outdoor by 2.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,300 shares of the textile maker’s stock worth $567,000 after buying an additional 200 shares during the last quarter. Finally, Texas Permanent School Fund increased its holdings in shares of Deckers Outdoor by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 23,356 shares of the textile maker’s stock worth $1,594,000 after buying an additional 233 shares during the last quarter. 99.57% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Corporation (NYSE DECK) traded down $0.11 during trading on Tuesday, hitting $72.31. 30,659 shares of the stock traded hands, compared to its average volume of 746,604. Deckers Outdoor Corporation has a 1-year low of $44.00 and a 1-year high of $75.41. The stock has a market cap of $2,310.00, a PE ratio of 16.50, a P/E/G ratio of 1.62 and a beta of 1.19. The company has a current ratio of 2.43, a quick ratio of 1.26 and a debt-to-equity ratio of 0.03.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.52. Deckers Outdoor had a net margin of 1.80% and a return on equity of 15.23%. The firm had revenue of $482.50 million during the quarter, compared to analysts’ expectations of $440.11 million. During the same period in the previous year, the company earned $1.21 earnings per share. Deckers Outdoor’s quarterly revenue was down .7% compared to the same quarter last year. sell-side analysts expect that Deckers Outdoor Corporation will post 4.27 earnings per share for the current year.

Deckers Outdoor declared that its board has approved a share repurchase plan on Thursday, October 26th that allows the company to repurchase $335.00 million in outstanding shares. This repurchase authorization allows the textile maker to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

A number of analysts have recently issued reports on DECK shares. BidaskClub upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Saturday, October 28th. Morgan Stanley lifted their target price on shares of Deckers Outdoor from $64.50 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, October 31st. Telsey Advisory Group lifted their target price on shares of Deckers Outdoor from $72.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Stifel Nicolaus reiterated a “buy” rating on shares of Deckers Outdoor in a report on Friday, October 27th. Finally, Citigroup lifted their target price on shares of Deckers Outdoor from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $69.43.

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About Deckers Outdoor

Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.

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

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