Insider Selling: Deckers Outdoor (NYSE:DECK) Director Sells 4,682 Shares of Stock

Deckers Outdoor Corporation (NYSE:DECK) Director Lauri Shanahan sold 4,682 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $114.84, for a total transaction of $537,680.88. Following the completion of the sale, the director owned 25,026 shares in the company, valued at $2,873,985.84. This represents a 15.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Deckers Outdoor Price Performance

Shares of NYSE DECK traded up $1.47 during mid-day trading on Tuesday, hitting $117.20. 2,042,949 shares of the company’s stock traded hands, compared to its average volume of 3,065,639. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $156.60. The company’s 50-day moving average is $105.26 and its two-hundred day moving average is $102.10. The company has a market capitalization of $16.64 billion, a P/E ratio of 16.55, a PEG ratio of 2.64 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.56. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.00 earnings per share. Equities analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DECK has been the topic of several recent analyst reports. Robert W. Baird lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Guggenheim started coverage on Deckers Outdoor in a report on Tuesday, December 9th. They issued a “neutral” rating for the company. Evercore set a $108.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 30th. Raymond James Financial set a $115.00 price target on shares of Deckers Outdoor and gave the company a “strong-buy” rating in a research note on Friday, October 24th. Finally, Stifel Nicolaus lifted their target price on shares of Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $125.20.

Institutional Investors Weigh In On Deckers Outdoor

A number of large investors have recently modified their holdings of the company. Laird Norton Wetherby Trust Company LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter worth $423,000. Amundi lifted its holdings in Deckers Outdoor by 34.4% during the 4th quarter. Amundi now owns 1,423,472 shares of the textile maker’s stock worth $147,571,000 after buying an additional 364,022 shares during the last quarter. Jump Financial LLC increased its holdings in shares of Deckers Outdoor by 31.1% in the 4th quarter. Jump Financial LLC now owns 105,913 shares of the textile maker’s stock valued at $10,980,000 after acquiring an additional 25,109 shares during the last quarter. Sciencast Management LP raised its position in shares of Deckers Outdoor by 132.1% during the 4th quarter. Sciencast Management LP now owns 7,893 shares of the textile maker’s stock worth $818,000 after acquiring an additional 4,493 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Deckers Outdoor by 3.1% during the fourth quarter. Northern Trust Corp now owns 1,774,448 shares of the textile maker’s stock worth $183,957,000 after purchasing an additional 52,906 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.