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

Deckers Outdoor Co. (NYSE:DECK)’s stock is going to split on the morning of Tuesday, September 17th. The 6-1 split was announced on Friday, July 12th. The newly minted shares will be distributed to shareholders after the market closes on Monday, September 16th.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $959.29 on Friday. The stock has a market capitalization of $24.41 billion, a P/E ratio of 32.75, a P/E/G ratio of 2.66 and a beta of 1.06. The company has a 50-day moving average price of $921.62 and a 200-day moving average price of $917.42. Deckers Outdoor has a 1 year low of $484.02 and a 1 year high of $1,106.89.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, July 25th. The textile maker reported $4.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.59 by $0.93. The firm had revenue of $825.30 million during the quarter, compared to analysts’ expectations of $808.40 million. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The business’s revenue was up 22.1% on a year-over-year basis. During the same period last year, the company earned $2.41 earnings per share. As a group, equities research analysts anticipate that Deckers Outdoor will post 31.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Barclays boosted their price target on shares of Deckers Outdoor from $1,089.00 to $1,090.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Piper Sandler restated a “neutral” rating and set a $1,000.00 price target on shares of Deckers Outdoor in a report on Friday, August 23rd. KeyCorp boosted their price target on shares of Deckers Outdoor from $960.00 to $1,015.00 and gave the stock an “overweight” rating in a report on Friday, May 24th. Citigroup boosted their price target on shares of Deckers Outdoor from $835.00 to $920.00 and gave the stock a “neutral” rating in a report on Wednesday, May 15th. Finally, Evercore ISI cut their price target on shares of Deckers Outdoor from $1,110.00 to $1,100.00 and set an “outperform” rating on the stock in a report on Monday, July 15th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,057.00.

Insider Activity

In other news, CEO David Powers sold 10,955 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following the sale, the chief executive officer now owns 76,006 shares of the company’s stock, valued at $82,580,519. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO David Powers sold 10,955 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following the sale, the chief executive officer now owns 76,006 shares of the company’s stock, valued at $82,580,519. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Caroti Stefano sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,079.74, 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 approximately $43,109,699.24. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

A number of hedge funds and other institutional investors have recently bought and sold shares of DECK. Vanguard Group Inc. increased its holdings in Deckers Outdoor by 18.9% during the 1st quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock worth $2,751,448,000 after acquiring an additional 464,020 shares during the period. Norges Bank purchased a new position in Deckers Outdoor in the 4th quarter worth approximately $196,814,000. TD Asset Management Inc grew its stake in Deckers Outdoor by 191.1% in the 4th quarter. TD Asset Management Inc now owns 305,949 shares of the textile maker’s stock worth $204,505,000 after buying an additional 200,850 shares in the last quarter. Millennium Management LLC grew its stake in Deckers Outdoor by 231.2% in the 2nd quarter. Millennium Management LLC now owns 233,810 shares of the textile maker’s stock worth $226,316,000 after buying an additional 163,210 shares in the last quarter. Finally, AMF Tjanstepension AB purchased a new position in Deckers Outdoor in the 2nd quarter worth approximately $154,827,000. Institutional investors own 97.79% of the company’s stock.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.