Deckers Outdoor Co. (NYSE:DECK) CEO Sells $2,635,950.00 in Stock

Deckers Outdoor Co. (NYSE:DECK) CEO Caroti Stefano sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total transaction of $2,635,950.00. Following the completion of the transaction, the chief executive officer now directly owns 273,540 shares of the company’s stock, valued at approximately $48,069,184.20. The trade was a 5.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Deckers Outdoor Stock Performance

DECK opened at $192.15 on Friday. The stock has a market capitalization of $29.19 billion, a P/E ratio of 31.89, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05. Deckers Outdoor Co. has a one year low of $105.10 and a one year high of $193.33. The business’s 50-day simple moving average is $160.53 and its 200-day simple moving average is $72.80.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DECK. Janney Montgomery Scott LLC purchased a new position in shares of Deckers Outdoor during the first quarter worth about $353,000. Blair William & Co. IL grew its stake in shares of Deckers Outdoor by 5.2% in the 1st quarter. Blair William & Co. IL now owns 953 shares of the textile maker’s stock valued at $897,000 after purchasing an additional 47 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Deckers Outdoor by 13.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 5,036 shares of the textile maker’s stock valued at $4,740,000 after purchasing an additional 590 shares during the period. UniSuper Management Pty Ltd raised its stake in shares of Deckers Outdoor by 583.0% during the first quarter. UniSuper Management Pty Ltd now owns 1,366 shares of the textile maker’s stock worth $1,286,000 after purchasing an additional 1,166 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Deckers Outdoor during the first quarter worth $232,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Robert W. Baird raised their price target on shares of Deckers Outdoor from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. StockNews.com lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 25th. Guggenheim began coverage on Deckers Outdoor in a report on Wednesday, October 9th. They set a “neutral” rating on the stock. Needham & Company LLC initiated coverage on Deckers Outdoor in a research note on Friday. They issued a “buy” rating and a $218.00 price objective for the company. Finally, Telsey Advisory Group upped their target price on shares of Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus price target of $153.53.

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