David Powers Sells 25,000 Shares of Deckers Outdoor Co. (NYSE:DECK) Stock

Deckers Outdoor Co. (NYSE:DECK) Director David Powers sold 25,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the sale, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Deckers Outdoor Stock Down 2.5 %

NYSE:DECK opened at $133.77 on Wednesday. The company has a market cap of $20.30 billion, a P/E ratio of 21.69, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a twelve month low of $131.20 and a twelve month high of $223.98. The business has a 50 day moving average price of $184.35 and a two-hundred day moving average price of $157.61.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Deckers Outdoor

Large investors have recently made changes to their positions in the stock. First Trust Direct Indexing L.P. grew its holdings in Deckers Outdoor by 572.4% during the third quarter. First Trust Direct Indexing L.P. now owns 4,317 shares of the textile maker’s stock worth $688,000 after purchasing an additional 3,675 shares during the period. Financial Advocates Investment Management lifted its position in shares of Deckers Outdoor by 536.0% in the third quarter. Financial Advocates Investment Management now owns 2,684 shares of the textile maker’s stock valued at $428,000 after buying an additional 2,262 shares during the last quarter. US Bancorp DE boosted its stake in shares of Deckers Outdoor by 448.5% during the 3rd quarter. US Bancorp DE now owns 28,906 shares of the textile maker’s stock worth $4,609,000 after acquiring an additional 23,636 shares during the period. New York State Common Retirement Fund increased its holdings in shares of Deckers Outdoor by 425.6% during the 3rd quarter. New York State Common Retirement Fund now owns 174,880 shares of the textile maker’s stock worth $27,885,000 after acquiring an additional 141,608 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Deckers Outdoor by 2,037.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,052 shares of the textile maker’s stock valued at $327,000 after acquiring an additional 1,956 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on DECK shares. Jefferies Financial Group boosted their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Bank of America upped their price objective on Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Stifel Nicolaus lifted their target price on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Citigroup raised Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a research note on Friday, February 7th. Finally, Wells Fargo & Company lowered their price objective on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Company Profile

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.