Deckers Outdoor Co. (NYSE:DECK) Insider Angela Ogbechie Sells 313 Shares

Deckers Outdoor Co. (NYSE:DECKGet Free Report) insider Angela Ogbechie sold 313 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the sale, the insider now directly owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Deckers Outdoor Price Performance

Shares of DECK stock traded down $0.59 during trading hours on Monday, reaching $844.63. 403,624 shares of the company’s stock were exchanged, compared to its average volume of 353,990. The company has a market cap of $21.68 billion, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. The company’s 50 day moving average is $726.69 and its two-hundred day moving average is $614.88. Deckers Outdoor Co. has a 1 year low of $395.90 and a 1 year high of $903.70.

Deckers Outdoor (NYSE:DECKGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, topping analysts’ consensus estimates of $11.40 by $3.71. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $10.48 EPS. As a group, analysts predict that Deckers Outdoor Co. will post 26.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors and hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC boosted its holdings in Deckers Outdoor by 7.4% during the third quarter. V Square Quantitative Management LLC now owns 232 shares of the textile maker’s stock valued at $119,000 after acquiring an additional 16 shares during the period. Janiczek Wealth Management LLC boosted its holdings in Deckers Outdoor by 20.8% during the fourth quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock valued at $62,000 after acquiring an additional 16 shares during the period. Chase Investment Counsel Corp boosted its holdings in Deckers Outdoor by 0.3% during the third quarter. Chase Investment Counsel Corp now owns 5,772 shares of the textile maker’s stock valued at $2,967,000 after acquiring an additional 19 shares during the period. Flputnam Investment Management Co. boosted its holdings in Deckers Outdoor by 2.9% during the third quarter. Flputnam Investment Management Co. now owns 756 shares of the textile maker’s stock valued at $389,000 after acquiring an additional 21 shares during the period. Finally, Coldstream Capital Management Inc. lifted its stake in shares of Deckers Outdoor by 2.0% in the second quarter. Coldstream Capital Management Inc. now owns 1,149 shares of the textile maker’s stock valued at $606,000 after buying an additional 23 shares during the period. Institutional investors and hedge funds own 95.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DECK shares. Telsey Advisory Group boosted their target price on Deckers Outdoor from $850.00 to $930.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Raymond James upped their price objective on Deckers Outdoor from $585.00 to $845.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Stifel Nicolaus upped their price objective on Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a research note on Friday, February 2nd. KeyCorp started coverage on Deckers Outdoor in a research note on Wednesday, February 7th. They set an “overweight” rating and a $960.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $846.77.

Check Out Our Latest Analysis on DECK

Deckers Outdoor Company Profile

(Get Free Report)

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.

Further Reading

Insider Buying and Selling by Quarter for Deckers Outdoor (NYSE:DECK)

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