Deckers Outdoor (NYSE:DECK) Shares Gap Down to $999.91

Deckers Outdoor Co. (NYSE:DECK)’s share price gapped down prior to trading on Friday . The stock had previously closed at $999.91, but opened at $978.04. Deckers Outdoor shares last traded at $992.10, with a volume of 21,192 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have commented on DECK shares. Robert W. Baird raised their price target on shares of Deckers Outdoor from $975.00 to $1,050.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. BTIG Research raised their price target on shares of Deckers Outdoor from $1,120.00 to $1,200.00 and gave the company a “buy” rating in a research report on Tuesday. Truist Financial raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating and raised their price target for the company from $1,011.00 to $1,200.00 in a research report on Tuesday, May 28th. Barclays decreased their price objective on shares of Deckers Outdoor from $1,110.00 to $1,026.00 and set an “overweight” rating for the company in a research report on Tuesday, May 21st. Finally, Telsey Advisory Group lifted their price objective on shares of Deckers Outdoor from $985.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 28th. Six 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, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and an average target price of $1,023.44.

Deckers Outdoor Stock Down 1.4 %

The stock has a market cap of $25.09 billion, a PE ratio of 33.60, a P/E/G ratio of 3.28 and a beta of 1.11. The business’s fifty day moving average is $945.65 and its 200 day moving average is $858.33.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $2.13. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The company had revenue of $959.76 million for the quarter, compared to the consensus estimate of $892.00 million. During the same quarter in the prior year, the firm earned $3.46 earnings per share. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. As a group, analysts predict that Deckers Outdoor Co. will post 30.59 EPS for the current year.

Insider Activity at Deckers Outdoor

In related news, CEO David Powers sold 5,993 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO David Powers sold 5,993 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at $80,942,435.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela Ogbechie sold 153 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $1,077.93, for a total transaction of $164,923.29. Following the completion of the transaction, the insider now owns 3,779 shares of the company’s stock, valued at $4,073,497.47. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,101 shares of company stock valued at $28,858,562. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. bought a new position in shares of Deckers Outdoor in the 1st quarter worth about $36,000. FinTrust Capital Advisors LLC increased its holdings in shares of Deckers Outdoor by 437.5% in the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after acquiring an additional 35 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter worth about $33,000. EntryPoint Capital LLC increased its holdings in shares of Deckers Outdoor by 256.3% in the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock worth $54,000 after acquiring an additional 41 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter worth about $39,000. 97.79% of the stock is currently owned by 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.