Deckers Outdoor Co. (NYSE:DECK) CEO Sells $2,973,845.16 in Stock

Deckers Outdoor Co. (NYSE:DECK) CEO Caroti Stefano sold 14,274 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the sale, the chief executive officer now owns 259,266 shares in the company, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Caroti Stefano also recently made the following trade(s):

• On Tuesday, November 19th, Caroti Stefano sold 15,000 shares of Deckers Outdoor stock. The shares were sold at an average price of $175.73, for a total value of $2,635,950.00.

Deckers Outdoor Stock Up 1.4 %

NYSE:DECK opened at $206.62 on Friday. The firm has a market capitalization of $31.39 billion, a P/E ratio of 36.33, a P/E/G ratio of 2.87 and a beta of 1.08. Deckers Outdoor Co. has a 52 week low of $108.65 and a 52 week high of $208.45. The company has a fifty day moving average of $176.88 and a 200 day moving average of $92.19.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. The company 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%. Deckers Outdoor’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 earnings per share. As a group, analysts anticipate that Deckers Outdoor Co. will post 5.49 EPS for the current year.

Institutional Investors Weigh In On Deckers Outdoor

A number of large investors have recently made changes to their positions in the business. FMR LLC lifted its stake in 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 period. State Street Corp lifted its position in shares of Deckers Outdoor by 513.8% in the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after purchasing an additional 5,511,513 shares during the period. Geode Capital Management LLC boosted its stake in shares of Deckers Outdoor by 509.1% during 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Deckers Outdoor by 529.0% during the third 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 valued at $203,674,000 after buying an additional 1,074,263 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in Deckers Outdoor by 904.6% in the third 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 buying an additional 910,430 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DECK. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a research note on Thursday, October 17th. Seaport Res Ptn cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. StockNews.com lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Evercore ISI raised their price target on Deckers Outdoor from $185.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, KeyCorp upped their price objective on Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.59.

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.