David Powers Sells 3,912 Shares of Deckers Outdoor Co. (NYSE:DECK) Stock

Deckers Outdoor Co. (NYSE:DECK) Director David Powers sold 3,912 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $863.08, for a total value of $3,376,368.96. Following the transaction, the director now owns 68,078 shares in the company, valued at approximately $58,756,760.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Deckers Outdoor Stock Down 0.3 %

DECK opened at $891.27 on Wednesday. Deckers Outdoor Co. has a 12-month low of $484.02 and a 12-month high of $1,106.89. The business has a 50 day moving average of $912.31 and a 200-day moving average of $919.19. The stock has a market cap of $22.65 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 2.52 and a beta of 1.05.

Deckers Outdoor shares are scheduled to split on Tuesday, September 17th. The 6-1 split was announced on Tuesday, September 17th. The newly created shares will be distributed to shareholders after the market closes on Tuesday, September 17th.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, July 25th. The textile maker reported $4.52 EPS for the quarter, topping 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 company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.41 earnings per share. As a group, analysts expect that Deckers Outdoor Co. will post 31.6 earnings per share for the current year.

Institutional Investors Weigh In On Deckers Outdoor

Institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in Deckers Outdoor during the 2nd quarter worth approximately $5,052,000. Kestra Investment Management LLC bought a new stake in shares of Deckers Outdoor in the second quarter valued at about $662,000. Clearbridge Investments LLC acquired a new position in shares of Deckers Outdoor in the second quarter valued at about $1,381,000. New Century Financial Group LLC increased its position in Deckers Outdoor by 91.0% during the second quarter. New Century Financial Group LLC now owns 892 shares of the textile maker’s stock worth $863,000 after acquiring an additional 425 shares during the period. Finally, Cetera Investment Advisers raised its stake in Deckers Outdoor by 20.6% in the 2nd quarter. Cetera Investment Advisers now owns 6,119 shares of the textile maker’s stock worth $5,923,000 after purchasing an additional 1,044 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. TD Cowen increased their price target on shares of Deckers Outdoor from $1,039.00 to $1,055.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Stifel Nicolaus lifted their price target on shares of Deckers Outdoor from $825.00 to $887.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Evercore ISI lowered their price objective on shares of Deckers Outdoor from $1,110.00 to $1,100.00 and set an “outperform” rating for the company in a research report on Monday, July 15th. BTIG Research boosted their target price on Deckers Outdoor from $1,120.00 to $1,200.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Finally, Wedbush restated an “outperform” rating and issued a $1,030.00 price target on shares of Deckers Outdoor in a report on Friday, July 26th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,057.00.

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.