Insider Selling: Deckers Outdoor Co. (NYSE:DECK) CFO Sells 8,802 Shares of Stock

Deckers Outdoor Co. (NYSE:DECK) CFO Steven J. Fasching sold 8,802 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,540,350.00. Following the sale, the chief financial officer now owns 153,036 shares in the company, valued at approximately $26,781,300. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Deckers Outdoor Trading Up 0.3 %

DECK stock traded up $0.56 during trading on Tuesday, hitting $177.64. The company had a trading volume of 1,590,836 shares, compared to its average volume of 2,255,050. The business has a 50-day moving average of $139.17 and a 200-day moving average of $65.90. Deckers Outdoor Co. has a one year low of $100.72 and a one year high of $184.48. The stock has a market cap of $26.99 billion, a PE ratio of 31.24, a PEG ratio of 2.45 and a beta of 1.05.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Barclays boosted their price objective on Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. BTIG Research cut shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. StockNews.com lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Evercore ISI boosted their target price on shares of Deckers Outdoor from $185.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, UBS Group raised their price objective on shares of Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus price target of $149.50.

Hedge Funds Weigh In On Deckers Outdoor

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. ClariVest Asset Management LLC boosted its position in Deckers Outdoor by 0.4% in the second quarter. ClariVest Asset Management LLC now owns 3,474 shares of the textile maker’s stock valued at $3,363,000 after buying an additional 14 shares in the last quarter. U S Global Investors Inc. boosted its stake in shares of Deckers Outdoor by 1.5% in the 2nd quarter. U S Global Investors Inc. now owns 995 shares of the textile maker’s stock valued at $963,000 after purchasing an additional 15 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in Deckers Outdoor by 1.4% during the 2nd quarter. Arkadios Wealth Advisors now owns 1,341 shares of the textile maker’s stock worth $1,298,000 after purchasing an additional 19 shares during the last quarter. Sunbelt Securities Inc. increased its stake in Deckers Outdoor by 7.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock valued at $264,000 after purchasing an additional 19 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its position in Deckers Outdoor by 5.2% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 406 shares of the textile maker’s stock valued at $393,000 after buying an additional 20 shares during the period. Hedge funds and other 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.