Deckers Outdoor Co. (NYSE:DECK) Director Bonita C. Stewart Sells 4,500 Shares

Deckers Outdoor Co. (NYSE:DECK) Director Bonita C. Stewart sold 4,500 shares of the stock in a transaction dated Friday, November 22nd. The shares were 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 in the company, valued at approximately $7,593,853.19. The trade was a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Deckers Outdoor Stock Up 2.3 %

Shares of DECK opened at $196.49 on Tuesday. The firm has a market cap of $29.85 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 2.70 and a beta of 1.05. The company’s fifty day moving average is $163.85 and its two-hundred day moving average is $74.68. Deckers Outdoor Co. has a fifty-two week low of $105.83 and a fifty-two week high of $198.08.

Deckers Outdoor (NYSE:DECK) last issued its earnings results 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 firm had revenue of $1.31 billion for 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% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 earnings per share. As a group, equities research analysts anticipate that Deckers Outdoor Co. will post 5.48 earnings per share for the current year.

Analysts Set New Price Targets

DECK has been the topic of several research reports. Needham & Company LLC started coverage on shares of Deckers Outdoor in a research report on Friday. They issued a “buy” rating and a $218.00 price target on the stock. Piper Sandler set a $166.00 price target on Deckers Outdoor in a research report on Thursday, October 17th. Telsey Advisory Group boosted their price target on Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Bank of America increased their price objective on Deckers Outdoor from $170.00 to $182.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, KeyCorp boosted their target price on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and an average price target of $153.53.

Institutional Trading of Deckers Outdoor

Institutional investors and hedge funds have recently bought and sold shares of the business. EntryPoint Capital LLC grew its stake in Deckers Outdoor by 256.3% during the first quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock worth $54,000 after buying an additional 41 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Deckers Outdoor by 117.6% during the 1st quarter. Advisors Asset Management Inc. now owns 1,499 shares of the textile maker’s stock valued at $1,411,000 after acquiring an additional 810 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Deckers Outdoor by 4.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 99,004 shares of the textile maker’s stock worth $93,189,000 after purchasing an additional 3,931 shares during the period. SVB Wealth LLC acquired a new stake in Deckers Outdoor in the 1st quarter valued at $228,000. Finally, Caxton Associates LP purchased a new position in Deckers Outdoor in the first quarter valued at about $553,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

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.