Bonita C. Stewart Sells 9,000 Shares of Deckers Outdoor Co. (NYSE:DECK) Stock

Deckers Outdoor Co. (NYSE:DECK) Director Bonita C. Stewart sold 9,000 shares of Deckers Outdoor stock in a transaction on Friday, November 8th. The shares were sold at an average price of $175.42, for a total transaction of $1,578,780.00. Following the completion of the transaction, the director now owns 44,988 shares in the company, valued at approximately $7,891,794.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Deckers Outdoor Price Performance

Shares of DECK opened at $178.34 on Thursday. Deckers Outdoor Co. has a 12 month low of $100.72 and a 12 month high of $184.48. The stock has a fifty day moving average price of $142.24 and a 200 day moving average price of $66.68. The company has a market cap of $27.09 billion, a P/E ratio of 31.36, a PEG ratio of 2.49 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last released 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 business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 earnings per share. As a group, research analysts anticipate that Deckers Outdoor Co. will post 5.48 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on DECK shares. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a research report on Thursday, October 17th. Seaport Res Ptn lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. BTIG Research lowered Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Barclays lifted their price objective on Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company increased their target price on Deckers Outdoor from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.50.

Institutional Investors Weigh In On Deckers Outdoor

A number of hedge funds have recently made changes to their positions in the business. FMR LLC increased its position in Deckers Outdoor by 499.2% in the 3rd quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after acquiring an additional 19,053,113 shares during the period. Vanguard Group Inc. grew its stake in shares of Deckers Outdoor by 18.9% in the first quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock worth $2,751,448,000 after purchasing an additional 464,020 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Deckers Outdoor by 318.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 968,715 shares of the textile maker’s stock valued at $154,462,000 after purchasing an additional 737,084 shares during the period. AMF Tjanstepension AB raised its stake in shares of Deckers Outdoor by 495.7% during the third quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock valued at $151,924,000 after purchasing an additional 792,849 shares in the last quarter. Finally, Congress Asset Management Co. lifted its holdings in Deckers Outdoor by 490.4% in the third quarter. Congress Asset Management Co. now owns 884,039 shares of the textile maker’s stock worth $140,960,000 after purchasing an additional 734,315 shares during the period. Institutional investors 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.