Deckers Outdoor Co. (NYSE:DECK - Get Free Report) CFO Steven J. Fasching sold 8,802 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $175.00, for a total value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Deckers Outdoor Trading Up 0.3 %
DECK stock opened at $177.64 on Wednesday. The stock has a 50-day moving average price of $139.17 and a two-hundred day moving average price of $65.90. Deckers Outdoor Co. has a 1 year low of $100.72 and a 1 year high of $184.48. The stock has a market cap of $26.99 billion, a PE ratio of 31.24, a price-to-earnings-growth ratio of 2.45 and a beta of 1.05.
Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.35. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. Deckers Outdoor's quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the company earned $1.14 earnings per share. On average, analysts forecast that Deckers Outdoor Co. will post 5.51 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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Several large investors have recently added to or reduced their stakes in DECK. Vanguard Group Inc. lifted its position in Deckers Outdoor by 18.9% during the 1st quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker's stock worth $2,751,448,000 after buying an additional 464,020 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Deckers Outdoor by 318.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 968,715 shares of the textile maker's stock valued at $154,462,000 after acquiring an additional 737,084 shares during the last quarter. AMF Tjanstepension AB raised its holdings in 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 acquiring an additional 792,849 shares in the last quarter. Congress Asset Management Co. boosted its position in Deckers Outdoor by 490.4% during the third quarter. Congress Asset Management Co. now owns 884,039 shares of the textile maker's stock valued at $140,960,000 after purchasing an additional 734,315 shares during the last quarter. Finally, abrdn plc increased its position in shares of Deckers Outdoor by 568.7% during the 3rd quarter. abrdn plc now owns 794,095 shares of the textile maker's stock worth $126,992,000 after purchasing an additional 675,347 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on DECK. Robert W. Baird upped their target price on shares of Deckers Outdoor from $180.00 to $195.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. StockNews.com lowered Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 25th. Telsey Advisory Group upped their price target on Deckers Outdoor from $183.00 to $190.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Bank of America raised their price target on Deckers Outdoor from $170.00 to $182.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Finally, BTIG Research cut Deckers Outdoor from a "buy" rating to a "neutral" rating in a report on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Deckers Outdoor presently has an average rating of "Moderate Buy" and an average price target of $149.50.
Check Out Our Latest Analysis on Deckers Outdoor
Deckers Outdoor Company Profile
(
Get Free Report)
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.
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