Deckers Outdoor (NYSE:DECK) Director Sells $537,680.88 in Stock

Deckers Outdoor Corporation (NYSE:DECK) Director Lauri Shanahan sold 4,682 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $114.84, for a total transaction of $537,680.88. Following the completion of the transaction, the director directly owned 25,026 shares in the company, valued at $2,873,985.84. This trade represents a 15.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Deckers Outdoor Stock Performance

Shares of DECK stock traded up $1.47 during mid-day trading on Tuesday, hitting $117.20. 2,042,949 shares of the stock were exchanged, compared to its average volume of 3,065,639. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $156.60. The stock has a market capitalization of $16.64 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 2.64 and a beta of 1.16. The stock’s fifty day simple moving average is $105.26 and its two-hundred day simple moving average is $102.10.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.56. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the business posted $3.00 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, research analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. BTIG Research reiterated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 30th. Sanford C. Bernstein set a $90.00 target price on Deckers Outdoor in a research report on Friday, January 30th. Barclays reissued an “overweight” rating and set a $143.00 price target (up previously from $113.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Citigroup restated a “buy” rating and issued a $130.00 price objective (up from $120.00) on shares of Deckers Outdoor in a report on Thursday, January 15th. Finally, Guggenheim initiated coverage on Deckers Outdoor in a report on Tuesday, December 9th. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $125.20.

Institutional Investors Weigh In On Deckers Outdoor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DECK. Geode Capital Management LLC lifted its position in shares of Deckers Outdoor by 2.7% during the second quarter. Geode Capital Management LLC now owns 4,427,639 shares of the textile maker’s stock worth $454,662,000 after purchasing an additional 114,779 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Deckers Outdoor by 374.1% in the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after acquiring an additional 2,485,338 shares during the last quarter. Invesco Ltd. raised its position in shares of Deckers Outdoor by 19.4% during the 2nd quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker’s stock valued at $286,660,000 after acquiring an additional 452,081 shares in the last quarter. Norges Bank bought a new position in Deckers Outdoor during the fourth quarter worth $252,729,000. Finally, Northern Trust Corp boosted its holdings in Deckers Outdoor by 3.1% in the fourth quarter. Northern Trust Corp now owns 1,774,448 shares of the textile maker’s stock worth $183,957,000 after purchasing an additional 52,906 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.