Thomas Garcia Sells 18,000 Shares of Deckers Outdoor Co. (NYSE:DECK) Stock

Deckers Outdoor Co. (NYSE:DECK) insider Thomas Garcia sold 18,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now directly owns 63,642 shares of the company’s stock, valued at approximately $11,155,169.76. The trade was a 22.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Deckers Outdoor Price Performance

DECK opened at $176.36 on Thursday. Deckers Outdoor Co. has a 1 year low of $104.51 and a 1 year high of $184.48. The stock has a 50-day moving average price of $154.39 and a 200-day moving average price of $71.31. The firm has a market cap of $26.79 billion, a PE ratio of 31.01, a P/E/G ratio of 2.47 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.35. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The company’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 earnings per share. As a group, sell-side analysts anticipate that Deckers Outdoor Co. will post 5.48 EPS for the current year.

Wall Street Analysts Forecast Growth

DECK has been the topic of several analyst reports. TD Cowen boosted their price target on shares of Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Guggenheim initiated coverage on Deckers Outdoor in a report on Wednesday, October 9th. They issued a “neutral” rating for the company. Telsey Advisory Group lifted their price target on Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Wedbush reissued an “outperform” rating and issued a $28.61 price objective on shares of Deckers Outdoor in a research report on Friday, July 26th. Finally, Robert W. Baird raised their target price on Deckers Outdoor from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $149.50.

Institutional Investors Weigh In On Deckers Outdoor

Large investors have recently made changes to their positions in the company. Solstein Capital LLC raised its position in Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after acquiring an additional 135 shares during the period. Whittier Trust Co. of Nevada Inc. increased 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 worth $27,000 after purchasing an additional 23 shares in the last quarter. Bell Investment Advisors Inc increased its stake in shares of Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 200 shares in the last quarter. Finally, Crewe Advisors LLC bought a new stake in Deckers Outdoor during the second quarter valued at about $34,000. 97.79% of the stock is currently owned by institutional investors.

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