Thomas Garcia Sells 18,000 Shares of Deckers Outdoor Co. (NYSE:DECK) Stock

Deckers Outdoor Co. (NYSE:DECK) insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the completion of the transaction, the insider now directly owns 63,642 shares of the company’s stock, valued at approximately $11,155,169.76. The trade was a 22.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Deckers Outdoor Trading Up 2.9 %

DECK stock opened at $181.46 on Friday. The stock has a market capitalization of $27.57 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 2.47 and a beta of 1.05. Deckers Outdoor Co. has a 12-month low of $105.09 and a 12-month high of $184.48. The firm’s 50-day moving average price is $157.41 and its two-hundred day moving average price is $72.04.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the firm earned $1.14 EPS. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. Equities analysts predict that Deckers Outdoor Co. will post 5.48 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on DECK. TD Cowen lifted their price objective on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 25th. KeyCorp boosted their price objective on Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Wedbush reaffirmed an “outperform” rating and issued a $28.61 target price on shares of Deckers Outdoor in a research note on Friday, July 26th. Wells Fargo & Company boosted their price target on shares of Deckers Outdoor from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Guggenheim assumed coverage on shares of Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average price target of $149.50.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new position in Deckers Outdoor in the first quarter worth $353,000. Blair William & Co. IL grew its position in shares of Deckers Outdoor by 5.2% in the 1st quarter. Blair William & Co. IL now owns 953 shares of the textile maker’s stock worth $897,000 after buying an additional 47 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Deckers Outdoor by 13.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,036 shares of the textile maker’s stock valued at $4,740,000 after acquiring an additional 590 shares during the period. UniSuper Management Pty Ltd lifted its position in Deckers Outdoor by 583.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,366 shares of the textile maker’s stock valued at $1,286,000 after acquiring an additional 1,166 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Deckers Outdoor during the first quarter worth about $232,000. Institutional investors own 97.79% of the company’s stock.

About Deckers Outdoor

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.