Deckers Outdoor Co. (NYSE:DECK) Director Bonita C. Stewart Sells 9,000 Shares

Deckers Outdoor Co. (NYSE:DECK) Director Bonita C. Stewart sold 9,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $175.42, for a total value of $1,578,780.00. Following the completion of the transaction, the director now owns 44,988 shares of the company’s stock, valued at approximately $7,891,794.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $177.64 on Wednesday. The firm has a market capitalization of $26.99 billion, a price-to-earnings ratio of 31.24, a price-to-earnings-growth ratio of 2.45 and a beta of 1.05. The company has a 50 day moving average price of $139.17 and a 200 day moving average price of $65.90. Deckers Outdoor Co. has a one year low of $100.72 and a one year high of $184.48.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company posted $1.14 EPS. The business’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, equities analysts forecast that Deckers Outdoor Co. will post 5.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Deckers Outdoor

Hedge funds and other institutional investors have recently modified their holdings of the company. Beaumont Financial Advisors LLC acquired a new stake in shares of Deckers Outdoor in the first quarter valued at about $292,000. Ontario Teachers Pension Plan Board boosted its stake in Deckers Outdoor by 13.3% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 6,175 shares of the textile maker’s stock valued at $5,812,000 after purchasing an additional 725 shares during the period. ProShare Advisors LLC grew its holdings in Deckers Outdoor by 140.3% in the 1st quarter. ProShare Advisors LLC now owns 3,253 shares of the textile maker’s stock worth $3,062,000 after buying an additional 1,899 shares in the last quarter. Cynosure Group LLC bought a new position in shares of Deckers Outdoor in the first quarter worth $638,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Deckers Outdoor by 154.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 31,212 shares of the textile maker’s stock valued at $29,379,000 after buying an additional 18,929 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DECK has been the subject of several recent research reports. TD Cowen raised their target price on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 25th. Barclays lifted their price objective on Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. StockNews.com cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 25th. KeyCorp boosted their price target on Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Truist Financial increased their price objective on Deckers Outdoor from $204.17 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus 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.