Deckers Outdoor Stock Scheduled to Split on Tuesday, September 17th (NYSE:DECK)

Shares of Deckers Outdoor Co. (NYSE:DECK) are set to split before the market opens on Tuesday, September 17th. The 6-1 split was announced on Tuesday, September 17th. The newly issued shares will be issued to shareholders after the closing bell on Tuesday, September 17th.

Deckers Outdoor Trading Up 1.2 %

Shares of DECK opened at $920.38 on Friday. Deckers Outdoor has a 52 week low of $484.02 and a 52 week high of $1,106.89. The firm has a market cap of $23.42 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 2.52 and a beta of 1.05. The stock has a 50 day moving average of $910.75 and a 200-day moving average of $919.20.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, July 25th. The textile maker reported $4.52 EPS for the quarter, topping analysts’ consensus estimates of $3.59 by $0.93. The firm had revenue of $825.30 million during the quarter, compared to the consensus estimate of $808.40 million. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The firm’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.41 earnings per share. On average, sell-side analysts predict that Deckers Outdoor will post 31.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Stifel Nicolaus raised their price target on Deckers Outdoor from $825.00 to $887.00 and gave the stock a “hold” rating in a report on Friday, July 26th. Bank of America raised their target price on Deckers Outdoor from $860.00 to $1,020.00 and gave the company a “neutral” rating in a research note on Friday, May 24th. TD Cowen upped their price target on shares of Deckers Outdoor from $1,039.00 to $1,055.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price objective on shares of Deckers Outdoor in a research report on Friday, July 26th. Finally, Wells Fargo & Company upped 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 research report on Friday, May 24th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Deckers Outdoor currently has an average rating of “Moderate Buy” and an average target price of $1,057.00.

Insider Buying and Selling at Deckers Outdoor

In related news, Director David Powers sold 3,912 shares of Deckers Outdoor stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $863.08, for a total transaction of $3,376,368.96. Following the transaction, the director now directly owns 68,078 shares of the company’s stock, valued at $58,756,760.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Deckers Outdoor

A number of large investors have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Deckers Outdoor by 460.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 23 shares during the last quarter. FinTrust Capital Advisors LLC lifted its holdings in shares of Deckers Outdoor by 437.5% during the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 35 shares during the last quarter. Crewe Advisors LLC purchased a new position in Deckers Outdoor in the 2nd quarter worth about $34,000. Contravisory Investment Management Inc. purchased a new position in Deckers Outdoor in the 1st quarter worth about $36,000. Finally, EntryPoint Capital LLC raised its holdings in Deckers Outdoor by 256.3% during the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock worth $54,000 after buying an additional 41 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.