Bonita C. Stewart Sells 4,500 Shares of Deckers Outdoor Co. (NYSE:DECK) Stock

Deckers Outdoor Co. (NYSE:DECK) Director Bonita C. Stewart sold 4,500 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $186.43, for a total value of $838,935.00. Following the transaction, the director now owns 40,733 shares in the company, valued at approximately $7,593,853.19. This trade represents a 9.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Deckers Outdoor Price Performance

Shares of NYSE DECK traded up $4.34 during mid-day trading on Monday, hitting $196.49. 3,910,657 shares of the stock traded hands, compared to its average volume of 2,245,259. Deckers Outdoor Co. has a twelve month low of $105.83 and a twelve month high of $198.08. The firm has a 50 day simple moving average of $163.85 and a two-hundred day simple moving average of $74.68. The company has a market cap of $29.85 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 2.70 and a beta of 1.05.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DECK. American Trust bought a new stake in Deckers Outdoor in the first quarter valued at approximately $405,000. Railway Pension Investments Ltd increased its position in shares of Deckers Outdoor by 17.0% during the first quarter. Railway Pension Investments Ltd now owns 13,100 shares of the textile maker’s stock worth $12,331,000 after buying an additional 1,900 shares during the period. Tidal Investments LLC raised its stake in Deckers Outdoor by 51.1% during the first quarter. Tidal Investments LLC now owns 2,855 shares of the textile maker’s stock worth $2,687,000 after buying an additional 966 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Deckers Outdoor in the first quarter valued at $135,000. Finally, SVB Wealth LLC acquired a new stake in Deckers Outdoor during the 1st quarter worth about $228,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Evercore ISI boosted their price target on Deckers Outdoor from $185.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Guggenheim started coverage on shares of Deckers Outdoor in a research note on Wednesday, October 9th. They issued a “neutral” rating on the stock. Wells Fargo & Company raised their price objective on shares of Deckers Outdoor from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Stifel Nicolaus increased their target price on Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, KeyCorp increased their price objective on Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $153.53.

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.