Deckers Outdoor (NYSE:DECK) Shares Gap Down to $999.91

Deckers Outdoor Co. (NYSE:DECK)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $999.91, but opened at $978.04. Deckers Outdoor shares last traded at $992.10, with a volume of 21,192 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DECK shares. Wedbush increased their target price on shares of Deckers Outdoor from $1,000.00 to $1,030.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. Stifel Nicolaus increased their price objective on shares of Deckers Outdoor from $775.00 to $825.00 and gave the stock a “hold” rating in a research report on Friday, May 24th. Evercore ISI boosted their target price on Deckers Outdoor from $960.00 to $1,110.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. BTIG Research upped their price target on Deckers Outdoor from $1,120.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Finally, Telsey Advisory Group raised their price objective on Deckers Outdoor from $985.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Tuesday, May 28th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,023.44.

Deckers Outdoor Trading Down 3.2 %

The stock has a market cap of $24.62 billion, a P/E ratio of 33.05, a PEG ratio of 3.34 and a beta of 1.11. The company’s 50-day simple moving average is $949.00 and its 200 day simple moving average is $861.28.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, topping the consensus estimate of $2.82 by $2.13. The business had revenue of $959.76 million for the quarter, compared to analysts’ expectations of $892.00 million. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The business’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.46 earnings per share. Research analysts anticipate that Deckers Outdoor Co. will post 30.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO David Powers sold 10,955 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following the transaction, the chief executive officer now owns 76,006 shares in the company, valued at $82,580,519. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO David Powers sold 10,955 shares of Deckers Outdoor stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following the completion of the sale, the chief executive officer now owns 76,006 shares of the company’s stock, valued at approximately $82,580,519. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Caroti Stefano sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,079.74, for a total transaction of $5,398,700.00. Following the sale, the insider now directly owns 39,926 shares in the company, valued at $43,109,699.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,101 shares of company stock worth $28,858,562. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC boosted its position in shares of Deckers Outdoor by 0.9% in the third quarter. LPL Financial LLC now owns 18,572 shares of the textile maker’s stock valued at $9,548,000 after acquiring an additional 168 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in Deckers Outdoor by 27.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 3,776 shares of the textile maker’s stock valued at $1,941,000 after purchasing an additional 822 shares during the period. Bank of Nova Scotia grew its position in shares of Deckers Outdoor by 19.8% during the 3rd quarter. Bank of Nova Scotia now owns 1,473 shares of the textile maker’s stock valued at $757,000 after purchasing an additional 243 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Deckers Outdoor by 99.7% in the third quarter. AQR Capital Management LLC now owns 107,782 shares of the textile maker’s stock worth $55,410,000 after buying an additional 53,797 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Deckers Outdoor by 12.3% during the third quarter. Ameriprise Financial Inc. now owns 141,402 shares of the textile maker’s stock valued at $72,694,000 after buying an additional 15,541 shares during the period. Institutional investors 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.