Insider Selling: Deckers Outdoor Co. (NYSE:DECK) Director Sells 4,500 Shares of Stock

Deckers Outdoor Co. (NYSE:DECK) Director Bonita C. Stewart sold 4,500 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $186.43, for a total transaction of $838,935.00. Following the completion of the sale, the director now directly owns 40,733 shares of the company’s stock, valued at $7,593,853.19. The trade was a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Deckers Outdoor Price Performance

Shares of DECK opened at $191.81 on Thursday. The firm has a market cap of $29.14 billion, a P/E ratio of 34.19, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. The company has a 50 day simple moving average of $165.44 and a two-hundred day simple moving average of $77.09. Deckers Outdoor Co. has a 1 year low of $108.12 and a 1 year high of $198.08.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Guggenheim started coverage on Deckers Outdoor in a research note on Wednesday, October 9th. They set a “neutral” rating on the stock. KeyCorp lifted their price objective on shares of Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Wells Fargo & Company upped their target price on Deckers Outdoor from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Seaport Res Ptn downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 7th. Finally, StockNews.com cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $153.53.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Solstein Capital LLC raised its stake in Deckers Outdoor by 500.0% during the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Deckers Outdoor by 460.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after buying an additional 23 shares in the last quarter. Bell Investment Advisors Inc grew its position in Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after acquiring an additional 146 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after acquiring an additional 200 shares during the last quarter. Finally, Crewe Advisors LLC purchased a new stake in Deckers Outdoor during the second quarter valued at approximately $34,000. 97.79% of the stock is currently owned by institutional investors.

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