David Powers Sells 3,912 Shares of Deckers Outdoor Co. (NYSE:DECK) Stock

Deckers Outdoor Co. (NYSE:DECK) Director David Powers sold 3,912 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $863.08, for a total value of $3,376,368.96. Following the completion of the sale, the director now owns 68,078 shares in the company, valued at approximately $58,756,760.24. The transaction was disclosed in a filing with the SEC, which is available at this link.

Deckers Outdoor Stock Up 4.0 %

Shares of Deckers Outdoor stock traded up $34.13 on Monday, hitting $894.09. 397,562 shares of the company were exchanged, compared to its average volume of 386,688. The company has a 50-day moving average price of $913.37 and a 200 day moving average price of $919.11. The stock has a market capitalization of $22.72 billion, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 2.52 and a beta of 1.05. Deckers Outdoor Co. has a 1-year low of $484.02 and a 1-year high of $1,106.89.

Deckers Outdoor’s stock is set to split before the market opens on Tuesday, September 17th. The 6-1 split was announced on Tuesday, September 17th. The newly issued shares will be payable to shareholders after the closing bell on Tuesday, September 17th.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 25th. The textile maker reported $4.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.59 by $0.93. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The company had revenue of $825.30 million during the quarter, compared to analysts’ expectations of $808.40 million. During the same period in the prior year, the business earned $2.41 EPS. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. Research analysts forecast that Deckers Outdoor Co. will post 31.6 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on DECK shares. Wedbush reiterated an “outperform” rating and issued a $1,030.00 price objective on shares of Deckers Outdoor in a research report on Friday, July 26th. Piper Sandler reiterated a “neutral” rating and set a $1,000.00 price target on shares of Deckers Outdoor in a research report on Friday, August 23rd. Bank of America boosted their price objective on Deckers Outdoor from $860.00 to $1,020.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. TD Cowen increased their target price on Deckers Outdoor from $1,039.00 to $1,055.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus increased their price objective on shares of Deckers Outdoor from $825.00 to $887.00 and gave the company a “hold” rating in a report on Friday, July 26th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,057.00.

Hedge Funds Weigh In On Deckers Outdoor

A number of institutional investors have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Deckers Outdoor by 460.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 23 shares during the last quarter. FinTrust Capital Advisors LLC lifted its position in Deckers Outdoor by 437.5% in the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock valued at $29,000 after buying an additional 35 shares during the last quarter. Crewe Advisors LLC acquired a new position in Deckers Outdoor in the second quarter valued at about $34,000. Contravisory Investment Management Inc. purchased a new position in Deckers Outdoor during the first quarter worth about $36,000. Finally, EntryPoint Capital LLC increased its position in shares of Deckers Outdoor by 256.3% during the first quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 41 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

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