Insider Selling: Deckers Outdoor Co. (NYSE:DECK) Director Sells 9,000 Shares of Stock

Deckers Outdoor Co. (NYSE:DECK) Director Bonita C. Stewart sold 9,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $175.42, for a total transaction of $1,578,780.00. Following the completion of the transaction, the director now directly owns 44,988 shares in the company, valued at $7,891,794.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $178.34 on Thursday. Deckers Outdoor Co. has a one year low of $100.72 and a one year high of $184.48. The stock has a fifty day moving average price of $142.24 and a 200 day moving average price of $66.68. The stock has a market cap of $27.09 billion, a P/E ratio of 31.36, a price-to-earnings-growth ratio of 2.49 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last issued its earnings results 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. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business earned $1.14 EPS. The firm’s revenue was up 20.1% on a year-over-year basis. Equities research analysts anticipate that Deckers Outdoor Co. will post 5.48 EPS for the current year.

Wall Street Analysts Forecast Growth

DECK has been the topic of several research reports. BTIG Research lowered Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. Guggenheim assumed coverage on shares of Deckers Outdoor in a research note on Wednesday, October 9th. They issued a “neutral” rating for the company. Wedbush restated an “outperform” rating and set a $28.61 price target on shares of Deckers Outdoor in a research note on Friday, July 26th. StockNews.com lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Finally, Evercore ISI increased their target price on shares of Deckers Outdoor from $185.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.50.

Hedge Funds Weigh In On Deckers Outdoor

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC boosted its stake in shares of Deckers Outdoor by 499.2% in the 3rd quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after purchasing an additional 19,053,113 shares in the last quarter. AMF Tjanstepension AB boosted its position in Deckers Outdoor by 495.7% in the third quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock valued at $151,924,000 after buying an additional 792,849 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Deckers Outdoor by 318.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 968,715 shares of the textile maker’s stock worth $154,462,000 after buying an additional 737,084 shares in the last quarter. Congress Asset Management Co. raised its stake in shares of Deckers Outdoor by 490.4% in the third quarter. Congress Asset Management Co. now owns 884,039 shares of the textile maker’s stock valued at $140,960,000 after acquiring an additional 734,315 shares during the last quarter. Finally, abrdn plc boosted its holdings in shares of Deckers Outdoor by 568.7% in the 3rd quarter. abrdn plc now owns 794,095 shares of the textile maker’s stock worth $126,992,000 after acquiring an additional 675,347 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

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.