Deckers Outdoor Co. (NYSE:DECK) CEO Sells $2,973,845.16 in Stock

Deckers Outdoor Co. (NYSE:DECK) CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the transaction, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Caroti Stefano also recently made the following trade(s):

• On Tuesday, November 19th, Caroti Stefano sold 15,000 shares of Deckers Outdoor stock. The stock was sold at an average price of $175.73, for a total transaction of $2,635,950.00.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $206.63 on Friday. Deckers Outdoor Co. has a 1 year low of $108.65 and a 1 year high of $208.45. The business’s fifty day moving average is $176.88 and its 200-day moving average is $92.62. The stock has a market cap of $31.39 billion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 2.87 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last released its earnings results 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. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company earned $1.14 earnings per share. Deckers Outdoor’s revenue was up 20.1% compared to the same quarter last year. Equities research analysts predict that Deckers Outdoor Co. will post 5.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DECK. StockNews.com cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Truist Financial increased their target price on Deckers Outdoor from $205.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Telsey Advisory Group boosted their price target on shares of Deckers Outdoor from $183.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, October 25th. BTIG Research cut shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company boosted their target price on shares of Deckers Outdoor from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.59.

Institutional Trading of Deckers Outdoor

Several institutional investors and hedge funds have recently added to or reduced their stakes in DECK. Nisa Investment Advisors LLC increased its holdings in shares of Deckers Outdoor by 5.9% in the second quarter. Nisa Investment Advisors LLC now owns 13,018 shares of the textile maker’s stock valued at $12,601,000 after buying an additional 729 shares in the last quarter. Legacy Capital Group California Inc. acquired a new stake in shares of Deckers Outdoor during the second quarter worth $215,000. Lecap Asset Management Ltd. purchased a new stake in shares of Deckers Outdoor during the second quarter valued at $3,998,000. Swedbank AB boosted its position in shares of Deckers Outdoor by 128.6% in the 2nd quarter. Swedbank AB now owns 11,123 shares of the textile maker’s stock valued at $10,767,000 after purchasing an additional 6,257 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in Deckers Outdoor by 0.8% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,144 shares of the textile maker’s stock worth $3,144,000 after purchasing an additional 24 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

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.