Deckers Outdoor Co. (NYSE:DECK) CEO Sells $11,902,607.50 in Stock

Deckers Outdoor Co. (NYSE:DECK) CEO David Powers sold 10,955 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following the completion of the sale, the chief executive officer now owns 76,006 shares in the company, valued at $82,580,519. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

David Powers also recently made the following trade(s):

• On Monday, April 15th, David Powers sold 5,993 shares of Deckers Outdoor stock. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23.
• On Friday, March 15th, David Powers sold 5,993 shares of Deckers Outdoor stock. The stock was sold at an average price of $922.85, for a total value of $5,530,640.05.

Deckers Outdoor Trading Down 2.0 %

NYSE DECK opened at $1,044.31 on Friday. The firm has a market capitalization of $26.57 billion, a P/E ratio of 35.65, a PEG ratio of 3.55 and a beta of 1.11. The business has a fifty day simple moving average of $902.07 and a 200 day simple moving average of $826.18. Deckers Outdoor Co. has a 12 month low of $484.02 and a 12 month high of $1,106.89.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, May 23rd. The textile maker reported $4.95 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $2.13. The business had revenue of $959.76 million during the quarter, compared to analyst estimates of $892.00 million. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. Deckers Outdoor’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.46 EPS. As a group, sell-side analysts predict that Deckers Outdoor Co. will post 30.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Railway Pension Investments Ltd raised its position in Deckers Outdoor by 17.0% in the 1st quarter. Railway Pension Investments Ltd now owns 13,100 shares of the textile maker’s stock valued at $12,331,000 after buying an additional 1,900 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Deckers Outdoor by 7.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 10,474 shares of the textile maker’s stock valued at $9,703,000 after purchasing an additional 692 shares during the last quarter. Cetera Advisors LLC increased its position in shares of Deckers Outdoor by 135.5% during the 1st quarter. Cetera Advisors LLC now owns 1,858 shares of the textile maker’s stock valued at $1,749,000 after purchasing an additional 1,069 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Deckers Outdoor by 360.9% during the 1st quarter. Cetera Investment Advisers now owns 5,075 shares of the textile maker’s stock valued at $4,777,000 after purchasing an additional 3,974 shares during the last quarter. Finally, Burney Co. increased its position in shares of Deckers Outdoor by 72.9% during the 1st quarter. Burney Co. now owns 1,572 shares of the textile maker’s stock valued at $1,480,000 after purchasing an additional 663 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on DECK. Telsey Advisory Group increased their price target on Deckers Outdoor from $985.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Tuesday, May 28th. Evercore ISI increased their price target on Deckers Outdoor from $960.00 to $1,110.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. Bank of America increased their price target on Deckers Outdoor from $860.00 to $1,020.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. KeyCorp increased their price target on Deckers Outdoor from $960.00 to $1,015.00 and gave the stock an “overweight” rating in a report on Friday, May 24th. Finally, TD Cowen increased their price target on Deckers Outdoor from $1,005.00 to $1,039.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,018.44.

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