Deckers Outdoor (NYSE:DECK) Shares Down 3.9% on Insider Selling

Deckers Outdoor Co. (NYSE:DECK)’s stock price traded down 3.9% during mid-day trading on Monday following insider selling activity. The stock traded as low as $159.63 and last traded at $160.37. 448,032 shares were traded during mid-day trading, a decline of 80% from the average session volume of 2,255,402 shares. The stock had previously closed at $166.81.

Specifically, CFO Steven J. Fasching sold 9,198 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the completion of the sale, the chief financial officer now directly owns 161,838 shares in the company, valued at approximately $26,973,539.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Robert W. Baird upped their price target on Deckers Outdoor from $29.17 to $29.86 and gave the company an “outperform” rating in a report on Friday, July 26th. Barclays reduced their target price on Deckers Outdoor from $1,090.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, September 20th. Wells Fargo & Company decreased their price target on Deckers Outdoor from $1,000.00 to $165.00 and set an “equal weight” rating for the company in a research report on Monday, September 23rd. TD Cowen boosted their price objective on Deckers Outdoor from $28.86 to $29.31 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, UBS Group raised their target price on shares of Deckers Outdoor from $35.14 to $37.50 and gave the stock a “buy” rating in a report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.68.

Deckers Outdoor Stock Up 2.0 %

The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 5.53, a P/E/G ratio of 2.74 and a beta of 1.05. The stock’s 50 day moving average price is $70.20 and its two-hundred day moving average price is $41.31.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $825.30 million during the quarter, compared to the consensus estimate of $808.40 million. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the business earned $0.07 EPS. On average, equities analysts expect that Deckers Outdoor Co. will post 5.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in 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. AMF Tjanstepension AB boosted its stake in shares of Deckers Outdoor by 495.7% during the 3rd 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. Millennium Management LLC increased its holdings in shares of Deckers Outdoor by 231.2% during the 2nd quarter. Millennium Management LLC now owns 233,810 shares of the textile maker’s stock valued at $226,316,000 after acquiring an additional 163,210 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Deckers Outdoor by 32.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 183,739 shares of the textile maker’s stock valued at $122,817,000 after acquiring an additional 44,942 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Deckers Outdoor by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 161,638 shares of the textile maker’s stock worth $156,509,000 after purchasing an additional 1,235 shares during the last quarter. Institutional investors and hedge funds 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.