Deckers Outdoor (NYSE:DECK) Reaches New 52-Week Low After Insider Selling

Deckers Outdoor Co. (NYSE:DECK)’s share price reached a new 52-week low during mid-day trading on Tuesday following insider selling activity. The company traded as low as $131.20 and last traded at $132.83, with a volume of 1173946 shares traded. The stock had previously closed at $137.24.

Specifically, Director David Powers sold 25,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the transaction, the director now owns 241,777 shares of the company’s stock, valued at $33,568,318.68. This represents a 9.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Jefferies Financial Group upped their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Robert W. Baird raised their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Truist Financial dropped their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Barclays boosted their price objective on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Evercore ISI raised their target price on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Trading Down 3.1 %

The business’s fifty day moving average is $185.84 and its 200 day moving average is $156.85. The company has a market cap of $20.19 billion, a P/E ratio of 21.55, a PEG ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, research analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Deckers Outdoor

Institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in Deckers Outdoor by 109.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock worth $91,965,000 after buying an additional 235,091 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in Deckers Outdoor by 62.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker’s stock valued at $1,407,000 after purchasing an additional 2,668 shares in the last quarter. Navellier & Associates Inc. lifted its position in Deckers Outdoor by 6.4% during the fourth quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker’s stock valued at $6,053,000 after purchasing an additional 1,791 shares during the last quarter. Principal Financial Group Inc. grew its stake in Deckers Outdoor by 25.7% in the 4th quarter. Principal Financial Group Inc. now owns 499,568 shares of the textile maker’s stock worth $101,457,000 after buying an additional 102,134 shares in the last quarter. Finally, Sigma Investment Counselors Inc. bought a new position in shares of Deckers Outdoor in the 4th quarter worth $3,143,000. 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.