Insider Selling: Deckers Outdoor Co. (NYSE:DECK) CFO Sells 8,802 Shares of Stock

Deckers Outdoor Co. (NYSE:DECK) CFO Steven J. Fasching sold 8,802 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $175.00, for a total value of $1,540,350.00. Following the completion of the transaction, the chief financial officer now directly owns 153,036 shares of the company’s stock, valued at approximately $26,781,300. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Deckers Outdoor Stock Up 0.4 %

Shares of NYSE DECK opened at $178.34 on Thursday. The business’s 50 day moving average is $142.24 and its two-hundred day moving average is $66.68. Deckers Outdoor Co. has a 52-week low of $100.72 and a 52-week high of $184.48. The firm has a market cap of $27.09 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 2.49 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.35. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 EPS. Analysts anticipate that Deckers Outdoor Co. will post 5.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DECK. Beaumont Financial Advisors LLC acquired a new position in shares of Deckers Outdoor in the first quarter worth $292,000. Ontario Teachers Pension Plan Board increased its holdings in Deckers Outdoor by 13.3% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 6,175 shares of the textile maker’s stock worth $5,812,000 after purchasing an additional 725 shares during the period. ProShare Advisors LLC raised its position in Deckers Outdoor by 140.3% in the 1st quarter. ProShare Advisors LLC now owns 3,253 shares of the textile maker’s stock valued at $3,062,000 after purchasing an additional 1,899 shares in the last quarter. Cynosure Group LLC purchased a new position in shares of Deckers Outdoor in the 1st quarter valued at about $638,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Deckers Outdoor by 154.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 31,212 shares of the textile maker’s stock worth $29,379,000 after buying an additional 18,929 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DECK. Stifel Nicolaus increased their target price on shares of Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Wedbush reissued an “outperform” rating and issued a $28.61 target price on shares of Deckers Outdoor in a research note on Friday, July 26th. Telsey Advisory Group upped their price target on Deckers Outdoor from $183.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Truist Financial lifted their price objective on Deckers Outdoor from $204.17 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Robert W. Baird upped their target price on Deckers Outdoor from $180.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.50.

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.