Deckers Outdoor Co. (NYSE:DECK) Insider Sells $164,923.29 in Stock

Deckers Outdoor Co. (NYSE:DECK) insider Angela Ogbechie sold 153 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $1,077.93, for a total transaction of $164,923.29. Following the sale, the insider now directly owns 3,779 shares in the company, valued at approximately $4,073,497.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Deckers Outdoor Trading Down 0.7 %

NYSE DECK traded down $7.35 during trading hours on Monday, hitting $1,086.57. 254,835 shares of the company’s stock traded hands, compared to its average volume of 413,923. The business’s fifty day moving average price is $888.70 and its two-hundred day moving average price is $811.86. The firm has a market capitalization of $27.64 billion, a P/E ratio of 37.10, a P/E/G ratio of 3.65 and a beta of 1.11. Deckers Outdoor Co. has a 52 week low of $478.96 and a 52 week high of $1,106.89.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $2.13. The company had revenue of $959.76 million during the quarter, compared to analyst estimates of $892.00 million. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.46 earnings per share. On average, sell-side analysts expect that Deckers Outdoor Co. will post 30.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on DECK. KeyCorp boosted their price objective on shares of Deckers Outdoor from $960.00 to $1,015.00 and gave the stock an “overweight” rating in a research note on Friday, May 24th. Wells Fargo & Company lifted their target price on shares of Deckers Outdoor from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, May 24th. Barclays decreased their target price on shares of Deckers Outdoor from $1,110.00 to $1,026.00 and set an “overweight” rating for the company in a report on Tuesday, May 21st. Telsey Advisory Group lifted their target price on shares of Deckers Outdoor from $985.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Tuesday, May 28th. Finally, Evercore ISI lifted their target price on shares of Deckers Outdoor from $960.00 to $1,110.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,018.44.

Hedge Funds Weigh In On Deckers Outdoor

A number of hedge funds have recently modified their holdings of DECK. Victory Capital Management Inc. boosted its position in shares of Deckers Outdoor by 63.9% in the third quarter. Victory Capital Management Inc. now owns 28,726 shares of the textile maker’s stock worth $14,768,000 after purchasing an additional 11,196 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Deckers Outdoor by 10.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,962 shares of the textile maker’s stock worth $5,635,000 after purchasing an additional 997 shares during the period. Jump Financial LLC bought a new position in shares of Deckers Outdoor in the third quarter worth approximately $455,000. Barclays PLC boosted its position in shares of Deckers Outdoor by 34.2% in the third quarter. Barclays PLC now owns 54,924 shares of the textile maker’s stock worth $28,234,000 after purchasing an additional 13,990 shares during the period. Finally, Metis Global Partners LLC boosted its position in shares of Deckers Outdoor by 10.2% in the third quarter. Metis Global Partners LLC now owns 936 shares of the textile maker’s stock worth $481,000 after purchasing an additional 87 shares during the period. 97.79% of the stock is currently owned by institutional investors.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.