Anne Spangenberg Sells 3,882 Shares of Deckers Outdoor Co. (NYSE:DECK) Stock

Deckers Outdoor Co. (NYSE:DECK) insider Anne Spangenberg sold 3,882 shares of the firm’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 $723,721.26. Following the sale, the insider now owns 67,434 shares of the company’s stock, valued at approximately $12,571,720.62. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock opened at $196.49 on Tuesday. The business has a 50-day simple moving average of $163.85 and a 200-day simple moving average of $74.68. Deckers Outdoor Co. has a one year low of $105.83 and a one year high of $198.08. The company has a market cap of $29.85 billion, a PE ratio of 34.04, a P/E/G ratio of 2.70 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping the consensus estimate 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 net margin of 18.95% and a return on equity of 41.48%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.14 EPS. On average, sell-side analysts predict that Deckers Outdoor Co. will post 5.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on DECK shares. BTIG Research downgraded shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Telsey Advisory Group raised their target price on Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. KeyCorp upped their price target on Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. StockNews.com downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Finally, Needham & Company LLC initiated coverage on shares of Deckers Outdoor in a research report on Friday. They issued a “buy” rating and a $218.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $153.53.

Institutional Trading of Deckers Outdoor

A number of institutional investors have recently bought and sold shares of the business. Solstein Capital LLC increased its holdings in shares of Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 135 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Deckers Outdoor by 460.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 23 shares during the last quarter. Bell Investment Advisors Inc raised its holdings in Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after buying an additional 200 shares during the last quarter. Finally, Crewe Advisors LLC acquired a new position in shares of Deckers Outdoor in the 2nd quarter valued at $34,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

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.