Deckers Outdoor Co. (NYSE:DECK) Director Sells $40,344.00 in Stock

Deckers Outdoor Co. (NYSE:DECK) Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. The trade was a 2.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Deckers Outdoor Price Performance

NYSE:DECK opened at $126.81 on Friday. The firm has a market capitalization of $19.25 billion, a P/E ratio of 20.56, a PEG ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 1-year low of $122.61 and a 1-year high of $223.98. The company’s fifty day moving average price is $179.75 and its 200-day moving average price is $158.89.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Equities analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Institutional Trading of Deckers Outdoor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mpwm Advisory Solutions LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter worth $26,000. Headlands Technologies LLC purchased a new stake in Deckers Outdoor during the fourth quarter worth $29,000. Vega Investment Solutions purchased a new stake in Deckers Outdoor during the fourth quarter worth $29,000. Global Trust Asset Management LLC purchased a new stake in Deckers Outdoor during the fourth quarter worth $31,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Deckers Outdoor by 250.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DECK. Robert W. Baird increased their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Citigroup raised shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a research report on Friday, February 7th. Truist Financial decreased their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Bank of America increased their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

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.