Deckers Outdoor (NYSE:DECK) Shares Gap Down – Time to Sell?

Deckers Outdoor Co. (NYSE:DECK) shares gapped down before the market opened on Tuesday . The stock had previously closed at $160.01, but opened at $155.00. Deckers Outdoor shares last traded at $156.03, with a volume of 355,316 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Guggenheim assumed coverage on Deckers Outdoor in a research report on Wednesday, October 9th. They issued a “neutral” rating for the company. Wells Fargo & Company lowered their price target on Deckers Outdoor from $1,000.00 to $165.00 and set an “equal weight” rating for the company in a research report on Monday, September 23rd. Robert W. Baird increased their target price on Deckers Outdoor from $29.17 to $29.86 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Seaport Res Ptn lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Finally, UBS Group increased their target price on Deckers Outdoor from $225.00 to $226.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average target price of $114.57.

Deckers Outdoor Stock Performance

The company has a market cap of $3.95 billion, a price-to-earnings ratio of 5.31, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. The business has a 50-day simple moving average of $94.70 and a 200-day simple moving average of $49.87.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The firm had revenue of $825.30 million for the quarter, compared to the consensus estimate of $808.40 million. During the same quarter last year, the business posted $0.07 EPS. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. Research analysts anticipate that Deckers Outdoor Co. will post 5.22 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In related news, Director David Powers sold 140,832 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $23.97, for a total value of $3,376,368.96. Following the sale, the director now owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Deckers Outdoor news, Director David Powers sold 140,832 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $23.97, for a total value of $3,376,368.96. Following the completion of the transaction, the director now directly owns 2,450,808 shares in the company, valued at approximately $58,756,760.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Steven J. Fasching sold 9,198 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now owns 161,838 shares of the company’s stock, valued at $26,973,539.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

Several large investors have recently added to or reduced their stakes in DECK. Chevy Chase Trust Holdings LLC boosted its position in Deckers Outdoor by 285.2% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 17,853 shares of the textile maker’s stock valued at $16,804,000 after buying an additional 13,218 shares during the last quarter. Monument Capital Management lifted its position in shares of Deckers Outdoor by 39.7% during the first quarter. Monument Capital Management now owns 3,030 shares of the textile maker’s stock worth $2,852,000 after purchasing an additional 861 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Deckers Outdoor by 46.2% during the first quarter. BNP Paribas Financial Markets now owns 30,263 shares of the textile maker’s stock worth $28,485,000 after purchasing an additional 9,558 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Deckers Outdoor by 3.9% during the first quarter. Nordea Investment Management AB now owns 1,823 shares of the textile maker’s stock worth $1,728,000 after purchasing an additional 68 shares during the last quarter. Finally, Consolidated Portfolio Review Corp bought a new position in shares of Deckers Outdoor during the first quarter worth about $2,567,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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.