Deckers Outdoor (NYSE:DECK) Trading Down 6.9%

Deckers Outdoor Co. (NYSE:DECK)’s stock price was down 6.9% on Thursday . The stock traded as low as $788.37 and last traded at $792.53. Approximately 144,189 shares traded hands during trading, a decline of 66% from the average daily volume of 427,636 shares. The stock had previously closed at $851.71.

Analysts Set New Price Targets

DECK has been the topic of several research analyst reports. UBS Group lifted their target price on Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $930.00 price objective on shares of Deckers Outdoor in a research note on Thursday, February 15th. KeyCorp began coverage on shares of Deckers Outdoor in a research note on Wednesday, February 7th. They set an “overweight” rating and a $960.00 target price for the company. Stifel Nicolaus boosted their price target on shares of Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a report on Friday, February 2nd. Finally, Evercore ISI started coverage on Deckers Outdoor in a report on Thursday, February 15th. They set an “outperform” rating and a $960.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $889.00.

Deckers Outdoor Price Performance

The firm has a 50 day moving average of $884.14 and a 200-day moving average of $743.84. The stock has a market capitalization of $20.72 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 1.47 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, beating analysts’ consensus estimates of $11.40 by $3.71. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the company posted $10.48 earnings per share. Deckers Outdoor’s revenue was up 16.0% on a year-over-year basis. As a group, equities analysts expect that Deckers Outdoor Co. will post 26.87 earnings per share for the current year.

Insider Activity

In related news, insider Angela Ogbechie sold 313 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the transaction, the insider now owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Bonita C. Stewart sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $871.11, for a total value of $3,048,885.00. Following the transaction, the director now directly owns 8,863 shares of the company’s stock, valued at approximately $7,720,647.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela Ogbechie sold 313 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the sale, the insider now directly owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,464 shares of company stock worth $26,229,683. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

Several large investors have recently made changes to their positions in DECK. FinTrust Capital Advisors LLC increased its stake in shares of Deckers Outdoor by 437.5% in the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock valued at $29,000 after buying an additional 35 shares during the period. Anchor Investment Management LLC acquired a new stake in Deckers Outdoor in the fourth quarter worth about $33,000. Contravisory Investment Management Inc. bought a new stake in Deckers Outdoor during the 1st quarter worth about $36,000. FSC Wealth Advisors LLC acquired a new position in Deckers Outdoor during the 4th quarter valued at about $39,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of Deckers Outdoor by 170.0% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock valued at $42,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.