Deckers Outdoor Corp (NYSE:DECK) COO David E. Lafitte sold 1,350 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $151.27, for a total value of $204,214.50. Following the sale, the chief operating officer now owns 23,113 shares of the company’s stock, valued at approximately $3,496,303.51. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

NYSE:DECK opened at $152.10 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.26 and a current ratio of 4.37. Deckers Outdoor Corp has a 52 week low of $101.69 and a 52 week high of $159.75. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 1.54 and a beta of 0.74.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, May 23rd. The textile maker reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.75. Deckers Outdoor had a return on equity of 27.32% and a net margin of 13.08%. The company had revenue of $394.10 million for the quarter, compared to the consensus estimate of $378.82 million. During the same quarter last year, the business posted $0.50 EPS. Deckers Outdoor’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, research analysts forecast that Deckers Outdoor Corp will post 8.45 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in Deckers Outdoor by 29.7% during the third quarter. JPMorgan Chase & Co. now owns 582,742 shares of the textile maker’s stock valued at $69,101,000 after purchasing an additional 133,290 shares in the last quarter. Bank of Montreal Can lifted its holdings in Deckers Outdoor by 4.3% during the fourth quarter. Bank of Montreal Can now owns 128,370 shares of the textile maker’s stock valued at $16,426,000 after purchasing an additional 5,347 shares in the last quarter. We Are One Seven LLC purchased a new position in Deckers Outdoor during the fourth quarter valued at approximately $90,000. CAPROCK Group Inc. purchased a new position in Deckers Outdoor during the fourth quarter valued at approximately $261,000. Finally, Wedbush Securities Inc. purchased a new position in Deckers Outdoor during the fourth quarter valued at approximately $212,000.

DECK has been the subject of a number of recent analyst reports. Bank of America upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $150.00 to $180.00 in a research note on Tuesday, May 21st. ValuEngine upgraded Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Monday, April 15th. Jefferies Financial Group set a $132.00 price objective on Deckers Outdoor and gave the company a “hold” rating in a research note on Saturday, February 2nd. Wells Fargo & Co initiated coverage on Deckers Outdoor in a research note on Tuesday, April 23rd. They set a “market perform” rating and a $163.00 price objective for the company. Finally, Pivotal Research raised their price objective on Deckers Outdoor to $152.00 in a research note on Friday, May 24th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $142.38.

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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. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.

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