Deckers Outdoor Co. (NYSE:DECK) Director Sells $3,048,885.00 in Stock

Deckers Outdoor Co. (NYSE:DECKGet Free Report) Director Bonita C. Stewart sold 3,500 shares of Deckers Outdoor stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $871.11, for a total value of $3,048,885.00. Following the completion of the transaction, the director now owns 8,863 shares in the company, valued at $7,720,647.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Deckers Outdoor Stock Down 0.4 %

Shares of NYSE:DECK opened at $880.48 on Monday. The business has a 50 day moving average price of $759.25 and a 200 day moving average price of $636.87. Deckers Outdoor Co. has a twelve month low of $395.90 and a twelve month high of $903.70. The company has a market cap of $22.60 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 1.72 and a beta of 0.99.

Deckers Outdoor (NYSE:DECKGet Free Report) last announced its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, beating the consensus estimate of $11.40 by $3.71. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $10.48 EPS. Analysts anticipate that Deckers Outdoor Co. will post 26.85 EPS for the current year.

Hedge Funds Weigh In On Deckers Outdoor

Several large investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC raised its holdings in Deckers Outdoor by 1.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 945 shares of the textile maker’s stock valued at $632,000 after acquiring an additional 15 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in Deckers Outdoor by 7.4% in the 3rd quarter. V Square Quantitative Management LLC now owns 232 shares of the textile maker’s stock valued at $119,000 after acquiring an additional 16 shares in the last quarter. Janiczek Wealth Management LLC raised its holdings in shares of Deckers Outdoor by 20.8% in the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock worth $62,000 after buying an additional 16 shares in the last quarter. Chase Investment Counsel Corp raised its holdings in shares of Deckers Outdoor by 0.3% in the 3rd quarter. Chase Investment Counsel Corp now owns 5,772 shares of the textile maker’s stock worth $2,967,000 after buying an additional 19 shares in the last quarter. Finally, Flputnam Investment Management Co. raised its holdings in shares of Deckers Outdoor by 2.9% in the 3rd quarter. Flputnam Investment Management Co. now owns 756 shares of the textile maker’s stock worth $389,000 after buying an additional 21 shares in the last quarter. Institutional investors and hedge funds own 95.69% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DECK shares. Wedbush lifted their price target on Deckers Outdoor from $825.00 to $895.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Raymond James lifted their price objective on Deckers Outdoor from $585.00 to $845.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Robert W. Baird lifted their price objective on Deckers Outdoor from $650.00 to $750.00 and gave the company an “outperform” rating in a research report on Monday, December 4th. KeyCorp started coverage on Deckers Outdoor in a research report on Wednesday, February 7th. They set an “overweight” rating and a $960.00 price objective for the company. Finally, Wells Fargo & Company upped their price target on Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $854.86.

Read Our Latest Stock Analysis on Deckers Outdoor

About Deckers Outdoor

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Deckers Outdoor (NYSE:DECK)

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