Insider Selling: Deckers Outdoor Co. (NYSE:DECK) Director Sells $40,344.00 in Stock

Deckers Outdoor Co. (NYSE:DECK) Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $126.81 on Monday. Deckers Outdoor Co. has a 1 year low of $122.61 and a 1 year high of $223.98. The company’s 50-day moving average is $179.75 and its 200 day moving average is $159.83. The stock has a market capitalization of $19.25 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.68 and a beta of 1.10.

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

Institutional Investors Weigh In On Deckers Outdoor

A number of hedge funds and other institutional investors have recently bought and sold shares of DECK. Farther Finance Advisors LLC grew its holdings in Deckers Outdoor by 2,037.5% in the third quarter. Farther Finance Advisors LLC now owns 2,052 shares of the textile maker’s stock worth $327,000 after purchasing an additional 1,956 shares during the period. Van ECK Associates Corp grew its holdings in Deckers Outdoor by 562.6% in the third quarter. Van ECK Associates Corp now owns 39,586 shares of the textile maker’s stock worth $5,976,000 after purchasing an additional 33,612 shares during the period. National Pension Service grew its holdings in Deckers Outdoor by 604.8% in the third quarter. National Pension Service now owns 264,282 shares of the textile maker’s stock worth $42,140,000 after purchasing an additional 226,782 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Deckers Outdoor by 457.1% during the third quarter. Asset Management One Co. Ltd. now owns 72,153 shares of the textile maker’s stock valued at $11,505,000 after buying an additional 59,202 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of Deckers Outdoor by 602.4% during the third quarter. QRG Capital Management Inc. now owns 10,227 shares of the textile maker’s stock valued at $1,631,000 after buying an additional 8,771 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DECK shares. Wells Fargo & Company lowered their price target on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Robert W. Baird boosted their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Evercore ISI upped their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Truist Financial lowered their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and an average target price of $197.41.

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.