Deckers Outdoor (NYSE:DECK) Hits New 12-Month Low Following Insider Selling

Deckers Outdoor Co. (NYSE:DECK)’s share price hit a new 52-week low during mid-day trading on Tuesday after an insider sold shares in the company. The stock traded as low as $131.20 and last traded at $132.83, with a volume of 1173946 shares traded. The stock had previously closed at $137.24.

Specifically, Director David Powers sold 25,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the sale, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DECK. Needham & Company LLC restated a “buy” rating and set a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Jefferies Financial Group raised their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Barclays raised their price target on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Bank of America raised their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Trading Up 1.7 %

The stock’s fifty day moving average price is $182.92 and its 200-day moving average price is $157.46. The firm has a market cap of $20.65 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Hedge Funds Weigh In On Deckers Outdoor

Several institutional investors have recently modified their holdings of the business. Siemens Fonds Invest GmbH grew its stake in shares of Deckers Outdoor by 258.6% in the fourth quarter. Siemens Fonds Invest GmbH now owns 5,874 shares of the textile maker’s stock worth $1,121,000 after acquiring an additional 4,236 shares in the last quarter. Cim LLC grew its stake in shares of Deckers Outdoor by 11.8% in the fourth quarter. Cim LLC now owns 21,050 shares of the textile maker’s stock worth $4,275,000 after acquiring an additional 2,230 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Deckers Outdoor in the fourth quarter worth $21,531,000. Jefferies Financial Group Inc. acquired a new position in shares of Deckers Outdoor in the fourth quarter worth $3,678,000. Finally, Integrated Advisors Network LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter worth $841,000. 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.