Steven J. Fasching Sells 8,802 Shares of Deckers Outdoor Co. (NYSE:DECK) Stock

Deckers Outdoor Co. (NYSE:DECK) CFO Steven J. Fasching sold 8,802 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,540,350.00. Following the completion of the sale, the chief financial officer now owns 153,036 shares of the company’s stock, valued at approximately $26,781,300. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Deckers Outdoor Trading Up 0.3 %

Shares of DECK traded up $0.56 during midday trading on Tuesday, hitting $177.64. 1,590,836 shares of the company’s stock traded hands, compared to its average volume of 2,255,050. The firm’s fifty day moving average is $139.17 and its 200-day moving average is $65.90. The stock has a market capitalization of $26.99 billion, a price-to-earnings ratio of 31.24, a price-to-earnings-growth ratio of 2.45 and a beta of 1.05. Deckers Outdoor Co. has a 1 year low of $100.72 and a 1 year high of $184.48.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.35. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. Deckers Outdoor’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.14 earnings per share. On average, equities research analysts anticipate that Deckers Outdoor Co. will post 5.51 EPS for the current year.

Institutional Trading of Deckers Outdoor

Large investors have recently made changes to their positions in the company. AMF Tjanstepension AB grew its stake in shares of Deckers Outdoor by 495.7% during the third quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock worth $151,924,000 after buying an additional 792,849 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Deckers Outdoor by 318.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 968,715 shares of the textile maker’s stock valued at $154,462,000 after purchasing an additional 737,084 shares in the last quarter. Congress Asset Management Co. lifted its stake in shares of Deckers Outdoor by 490.4% in the third quarter. Congress Asset Management Co. now owns 884,039 shares of the textile maker’s stock worth $140,960,000 after buying an additional 734,315 shares in the last quarter. abrdn plc increased its holdings in Deckers Outdoor by 568.7% during the third quarter. abrdn plc now owns 794,095 shares of the textile maker’s stock valued at $126,992,000 after buying an additional 675,347 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Deckers Outdoor by 629.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 744,950 shares of the textile maker’s stock worth $118,782,000 after purchasing an additional 642,771 shares during the period. Institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

DECK has been the topic of several recent research reports. Wedbush reiterated an “outperform” rating and issued a $28.61 price target on shares of Deckers Outdoor in a report on Friday, July 26th. UBS Group boosted their target price on Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Guggenheim assumed coverage on shares of Deckers Outdoor in a research note on Wednesday, October 9th. They set a “neutral” rating on the stock. KeyCorp lifted their price target on shares of Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Telsey Advisory Group raised their target price on shares of Deckers Outdoor from $183.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.50.

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