Insider Selling: Deckers Outdoor Co. (NYSE:DECK) CEO Sells 5,993 Shares of Stock

Deckers Outdoor Co. (NYSE:DECK) CEO David Powers sold 5,993 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the transaction, the chief executive officer now owns 98,218 shares in the company, valued at approximately $80,942,435.98. The sale was disclosed in a filing with the SEC, which is available at this link.

David Powers also recently made the following trade(s):

• On Friday, March 15th, David Powers sold 5,993 shares of Deckers Outdoor stock. The shares were sold at an average price of $922.85, for a total transaction of $5,530,640.05.
• On Thursday, February 15th, David Powers sold 5,993 shares of Deckers Outdoor stock. The shares were sold at an average price of $862.53, for a total transaction of $5,169,142.29.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK traded up $6.22 during midday trading on Wednesday, hitting $820.11. The company’s stock had a trading volume of 194,714 shares, compared to its average volume of 435,328. The business’s 50 day simple moving average is $886.73 and its 200 day simple moving average is $730.11. The company has a market cap of $21.05 billion, a P/E ratio of 29.27, a price-to-earnings-growth ratio of 1.45 and a beta of 1.01. Deckers Outdoor Co. has a 12-month low of $424.36 and a 12-month high of $956.17.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, topping the consensus estimate of $11.40 by $3.71. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the firm posted $10.48 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, sell-side analysts predict that Deckers Outdoor Co. will post 26.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on DECK. Evercore ISI began coverage on shares of Deckers Outdoor in a research report on Thursday, February 15th. They set an “outperform” rating and a $960.00 price target on the stock. Truist Financial restated a “hold” rating and set a $864.00 price target (down previously from $983.00) on shares of Deckers Outdoor in a research report on Wednesday, April 10th. UBS Group raised their price target on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Telsey Advisory Group restated an “outperform” rating and set a $930.00 price target on shares of Deckers Outdoor in a research report on Thursday, February 15th. Finally, Stifel Nicolaus raised their price target on shares of Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a research report on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $870.93.

Hedge Funds Weigh In On Deckers Outdoor

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Deckers Outdoor by 2.2% in the first quarter. BlackRock Inc. now owns 2,441,017 shares of the textile maker’s stock valued at $1,097,359,000 after purchasing an additional 51,898 shares in the last quarter. Morgan Stanley grew its holdings in shares of Deckers Outdoor by 82.6% in the third quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock valued at $599,633,000 after purchasing an additional 527,546 shares in the last quarter. State Street Corp grew its holdings in Deckers Outdoor by 15.0% during the 2nd quarter. State Street Corp now owns 838,595 shares of the textile maker’s stock worth $442,493,000 after acquiring an additional 109,341 shares in the last quarter. Invesco Ltd. grew its holdings in Deckers Outdoor by 8.9% during the 3rd quarter. Invesco Ltd. now owns 456,957 shares of the textile maker’s stock worth $234,917,000 after acquiring an additional 37,194 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Deckers Outdoor by 18.0% during the 1st quarter. Wellington Management Group LLP now owns 433,426 shares of the textile maker’s stock worth $118,658,000 after buying an additional 66,072 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.