Deckers Outdoor Co. (NYSE:DECK) Insider Sells $723,721.26 in 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 completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $194.42 on Wednesday. The business’s 50-day simple moving average is $164.66 and its 200-day simple moving average is $75.89. Deckers Outdoor Co. has a 52 week low of $105.83 and a 52 week high of $198.08. The firm has a market cap of $29.54 billion, a price-to-earnings ratio of 34.17, a P/E/G ratio of 2.70 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating the consensus estimate of $1.24 by $0.35. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.14 earnings per share. As a group, equities research analysts forecast that Deckers Outdoor Co. will post 5.48 earnings per share for the current year.

Institutional Investors Weigh In On Deckers Outdoor

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC grew its stake in shares of Deckers Outdoor by 499.2% in the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock worth $3,646,539,000 after acquiring an additional 19,053,113 shares during the last quarter. State Street Corp raised its stake in Deckers Outdoor by 513.8% during the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock valued at $1,049,867,000 after purchasing an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Deckers Outdoor by 509.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock valued at $646,316,000 after purchasing an additional 3,393,420 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Deckers Outdoor by 529.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock worth $203,674,000 after purchasing an additional 1,074,263 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Deckers Outdoor by 904.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,011,073 shares of the textile maker’s stock worth $161,216,000 after purchasing an additional 910,430 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DECK has been the subject of a number of recent analyst reports. KeyCorp raised their price objective on shares of Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Needham & Company LLC assumed coverage on Deckers Outdoor in a report on Friday, November 22nd. They set a “buy” rating and a $218.00 price target on the stock. Seaport Res Ptn downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Truist Financial lifted their target price on Deckers Outdoor from $204.17 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Piper Sandler set a $166.00 price target on shares of Deckers Outdoor in a research report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $153.53.

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.