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

Deckers Outdoor Co. (NYSE:DECK) CEO David Powers sold 5,993 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the sale, the chief executive officer now owns 98,218 shares in the company, valued at $80,942,435.98. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 stock was sold at an average price of $922.85, for a total value of $5,530,640.05.
• On Thursday, February 15th, David Powers sold 5,993 shares of Deckers Outdoor stock. The stock was sold at an average price of $862.53, for a total value of $5,169,142.29.

Deckers Outdoor Price Performance

NYSE:DECK opened at $818.38 on Thursday. Deckers Outdoor Co. has a 12 month low of $424.36 and a 12 month high of $956.17. The firm has a market capitalization of $21.01 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 1.45 and a beta of 1.01. The business’s 50-day moving average is $886.18 and its two-hundred day moving average is $732.82.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company increased their price objective on Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Wedbush restated an “outperform” rating and issued a $1,000.00 price target on shares of Deckers Outdoor in a report on Wednesday, April 10th. Raymond James raised their target price on shares of Deckers Outdoor from $585.00 to $845.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. KeyCorp started coverage on shares of Deckers Outdoor in a research note on Wednesday, February 7th. They set an “overweight” rating and a $960.00 price target on the stock. Finally, Truist Financial reiterated a “hold” rating and issued a $864.00 price target (down previously from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $870.93.

Institutional Trading of Deckers Outdoor

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its holdings in Deckers Outdoor by 2.2% during the 1st quarter. BlackRock Inc. now owns 2,441,017 shares of the textile maker’s stock worth $1,097,359,000 after purchasing an additional 51,898 shares during the last quarter. Morgan Stanley grew its position in shares of Deckers Outdoor by 82.6% during the third quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock worth $599,633,000 after buying an additional 527,546 shares in the last quarter. State Street Corp increased its stake in shares of Deckers Outdoor by 15.0% in the second quarter. State Street Corp now owns 838,595 shares of the textile maker’s stock worth $442,493,000 after buying an additional 109,341 shares during the last quarter. Invesco Ltd. raised its holdings in Deckers Outdoor by 8.9% in the third quarter. Invesco Ltd. now owns 456,957 shares of the textile maker’s stock valued at $234,917,000 after acquiring an additional 37,194 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Deckers Outdoor by 18.0% during the 1st quarter. Wellington Management Group LLP now owns 433,426 shares of the textile maker’s stock valued at $118,658,000 after acquiring 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.