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

Deckers Outdoor Co. (NYSE:DECK) CEO David Powers sold 5,993 shares of the company’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 transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 shares were 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 shares were sold at an average price of $862.53, for a total value of $5,169,142.29.

Deckers Outdoor Price Performance

DECK stock opened at $813.00 on Friday. The stock has a market capitalization of $20.87 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 1.44 and a beta of 1.01. The company’s 50-day moving average is $886.18 and its 200-day moving average is $732.82. Deckers Outdoor Co. has a 1 year low of $424.36 and a 1 year high of $956.17.

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

Hedge Funds Weigh In On Deckers Outdoor

A number of institutional investors and hedge funds have recently made changes to their positions in DECK. HighTower Advisors LLC lifted its position in Deckers Outdoor by 13.7% in the 1st quarter. HighTower Advisors LLC now owns 3,294 shares of the textile maker’s stock valued at $902,000 after acquiring an additional 398 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in Deckers Outdoor by 7.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 15,156 shares of the textile maker’s stock valued at $4,272,000 after acquiring an additional 1,001 shares in the last quarter. Vontobel Holding Ltd. bought a new position in Deckers Outdoor in the 1st quarter valued at about $882,000. Sei Investments Co. lifted its position in Deckers Outdoor by 53.1% in the 1st quarter. Sei Investments Co. now owns 35,845 shares of the textile maker’s stock valued at $9,811,000 after acquiring an additional 12,439 shares in the last quarter. Finally, Aviva PLC lifted its position in Deckers Outdoor by 24.9% in the 1st quarter. Aviva PLC now owns 8,020 shares of the textile maker’s stock valued at $2,196,000 after acquiring an additional 1,597 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Stifel Nicolaus increased their price objective on Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a report on Friday, February 2nd. 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 report on Friday, February 2nd. KeyCorp assumed coverage on Deckers Outdoor in a report on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 price objective for the company. Piper Sandler increased their price objective on Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $930.00 price target on shares of Deckers Outdoor in a research report on Thursday, February 15th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $890.93.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.