Deckers Outdoor (NYSE:DECK) Shares Down 3.9% After Insider Selling

Deckers Outdoor Co. (NYSE:DECK)’s share price fell 3.9% during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $159.63 and last traded at $160.37. 448,032 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 2,255,402 shares. The stock had previously closed at $166.81.

Specifically, CFO Steven J. Fasching sold 9,198 shares of Deckers Outdoor stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $166.67, for a total value of $1,533,030.66. Following the completion of the sale, the chief financial officer now directly owns 161,838 shares in the company, valued at $26,973,539.46. The trade was a 0.00 % 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.

Wall Street Analyst Weigh In

DECK has been the subject of several recent analyst reports. Robert W. Baird upped their price target on Deckers Outdoor from $29.17 to $29.86 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Telsey Advisory Group reiterated an “outperform” rating and set a $30.56 price target on shares of Deckers Outdoor in a report on Friday, July 26th. Wedbush restated an “outperform” rating and issued a $28.61 price objective on shares of Deckers Outdoor in a research note on Friday, July 26th. BTIG Research upped their price objective on shares of Deckers Outdoor from $31.11 to $33.33 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Finally, Guggenheim assumed coverage on shares of Deckers Outdoor in a report on Wednesday. They issued a “neutral” rating on the stock. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.68.

Deckers Outdoor Trading Up 2.0 %

The company has a market cap of $4.12 billion, a price-to-earnings ratio of 5.53, a price-to-earnings-growth ratio of 2.74 and a beta of 1.05. The company has a fifty day moving average price of $70.20 and a two-hundred day moving average price of $41.31.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The firm had revenue of $825.30 million for the quarter, compared to the consensus estimate of $808.40 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. Sell-side analysts anticipate that Deckers Outdoor Co. will post 5.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Deckers Outdoor by 460.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 23 shares during the period. Crewe Advisors LLC bought a new stake in Deckers Outdoor in the second quarter valued at $34,000. Contravisory Investment Management Inc. acquired a new position in Deckers Outdoor during the first quarter worth $36,000. EntryPoint Capital LLC lifted its holdings in shares of Deckers Outdoor by 256.3% during the first quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 41 shares during the period. Finally, Rise Advisors LLC acquired a new stake in shares of Deckers Outdoor in the 1st quarter valued at $61,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

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.