Deckers Outdoor Co. (NYSE:DECK) CFO Steven J. Fasching Sells 8,802 Shares

Deckers Outdoor Co. (NYSE:DECK) CFO Steven J. Fasching sold 8,802 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $175.00, for a total value of $1,540,350.00. Following the completion of the sale, the chief financial officer now owns 153,036 shares of the company’s stock, valued at approximately $26,781,300. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Deckers Outdoor Trading Up 0.3 %

DECK stock opened at $177.64 on Wednesday. The stock has a 50-day moving average price of $139.17 and a two-hundred day moving average price of $65.90. Deckers Outdoor Co. has a 1 year low of $100.72 and a 1 year high of $184.48. The stock has a market cap of $26.99 billion, a PE ratio of 31.24, a price-to-earnings-growth ratio of 2.45 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. The business had revenue of $1.31 billion during 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%. Deckers Outdoor’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the company earned $1.14 earnings per share. On average, analysts forecast that Deckers Outdoor Co. will post 5.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DECK. Vanguard Group Inc. lifted its position in Deckers Outdoor by 18.9% during the 1st quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock worth $2,751,448,000 after buying an additional 464,020 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Deckers Outdoor by 318.2% in 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 acquiring an additional 737,084 shares during the last quarter. AMF Tjanstepension AB raised its holdings in Deckers Outdoor by 495.7% during the third quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock worth $151,924,000 after acquiring an additional 792,849 shares in the last quarter. Congress Asset Management Co. boosted its position in Deckers Outdoor by 490.4% during the third quarter. Congress Asset Management Co. now owns 884,039 shares of the textile maker’s stock valued at $140,960,000 after purchasing an additional 734,315 shares during the last quarter. Finally, abrdn plc increased its position in shares of Deckers Outdoor by 568.7% during the 3rd quarter. abrdn plc now owns 794,095 shares of the textile maker’s stock worth $126,992,000 after purchasing an additional 675,347 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DECK. Robert W. Baird upped their target price on shares of Deckers Outdoor from $180.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. StockNews.com lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Telsey Advisory Group upped their price target on Deckers Outdoor from $183.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Bank of America raised their price target on Deckers Outdoor from $170.00 to $182.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, BTIG Research cut Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Deckers Outdoor presently has an average rating of “Moderate Buy” and an average price target of $149.50.

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.