Deckers Outdoor Co. (NYSE:DECK) Insider Sells $208,620.72 in Stock

Deckers Outdoor Co. (NYSE:DECK) insider Angela Ogbechie sold 1,278 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the sale, the insider now owns 29,628 shares of the company’s stock, valued at approximately $4,836,474.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $158.12 on Friday. The stock has a fifty day moving average of $119.00 and a 200-day moving average of $58.37. The stock has a market cap of $24.11 billion, a PE ratio of 27.79, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. Deckers Outdoor Co. has a fifty-two week low of $98.44 and a fifty-two week high of $184.48.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating 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 firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the business posted $1.14 earnings per share. The company’s revenue was up 20.1% on a year-over-year basis. On average, sell-side analysts predict that Deckers Outdoor Co. will post 5.51 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. AMF Tjanstepension AB raised its position in shares of Deckers Outdoor by 495.7% in the third quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock worth $151,924,000 after buying an additional 792,849 shares in the last quarter. Congress Asset Management Co. increased its stake in Deckers Outdoor by 490.4% in the 3rd quarter. Congress Asset Management Co. now owns 884,039 shares of the textile maker’s stock worth $140,960,000 after acquiring an additional 734,315 shares during the last quarter. abrdn plc raised its holdings in shares of Deckers Outdoor by 568.7% in the 3rd quarter. abrdn plc now owns 794,095 shares of the textile maker’s stock valued at $126,992,000 after acquiring an additional 675,347 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Deckers Outdoor by 629.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 744,950 shares of the textile maker’s stock valued at $118,782,000 after acquiring an additional 642,771 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Deckers Outdoor by 18.9% during the 1st quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock valued at $2,751,448,000 after acquiring an additional 464,020 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Robert W. Baird increased their price target on Deckers Outdoor from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Telsey Advisory Group raised their target price on Deckers Outdoor from $183.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. TD Cowen lifted their target price on Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. UBS Group increased their price target on shares of Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Guggenheim initiated coverage on shares of Deckers Outdoor in a research report on Wednesday, October 9th. They issued a “neutral” rating on the stock. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently 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.