Deckers Outdoor Co. (NYSE:DECK) CEO Sells $4,938,891.23 in Stock

Deckers Outdoor Co. (NYSE:DECK) CEO David Powers sold 5,993 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at $80,942,435.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

David Powers also recently made the following trade(s):

• On Friday, March 15th, David Powers sold 5,993 shares of Deckers Outdoor stock. The shares were sold at an average price of $922.85, for a total value of $5,530,640.05.
• On Thursday, February 15th, David Powers sold 5,993 shares of Deckers Outdoor stock. The stock was sold at an average price of $862.53, for a total value of $5,169,142.29.

Deckers Outdoor Stock Up 0.8 %

DECK stock traded up $6.22 during midday trading on Wednesday, reaching $820.11. 194,714 shares of the company’s stock traded hands, compared to its average volume of 435,328. The company has a 50-day simple moving average of $886.73 and a two-hundred day simple moving average of $730.11. Deckers Outdoor Co. has a 1-year low of $424.36 and a 1-year high of $956.17. The company has a market cap of $21.05 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 1.45 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, beating the consensus estimate of $11.40 by $3.71. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $10.48 EPS. Equities research analysts forecast that Deckers Outdoor Co. will post 26.87 EPS for the current year.

Institutional Investors Weigh In On Deckers Outdoor

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Deckers Outdoor by 477.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,883 shares of the textile maker’s stock valued at $4,596,000 after buying an additional 4,037 shares during the period. Janiczek Wealth Management LLC boosted its position in shares of Deckers Outdoor by 69.9% in the 1st quarter. Janiczek Wealth Management LLC now owns 158 shares of the textile maker’s stock worth $149,000 after purchasing an additional 65 shares during the last quarter. Sage Investment Advisers LLC bought a new position in shares of Deckers Outdoor in the 1st quarter worth $224,000. Sunbelt Securities Inc. boosted its position in shares of Deckers Outdoor by 958.3% in the 1st quarter. Sunbelt Securities Inc. now owns 254 shares of the textile maker’s stock worth $239,000 after purchasing an additional 230 shares during the last quarter. Finally, Gateway Investment Advisers LLC bought a new position in shares of Deckers Outdoor in the 1st quarter worth $483,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DECK has been the topic of a number of analyst reports. Barclays initiated coverage on Deckers Outdoor in a report on Monday, April 1st. They set an “overweight” rating and a $1,110.00 price objective on the stock. Wells Fargo & Company increased their price objective on Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. UBS Group increased their price objective on Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Wedbush restated an “outperform” rating and set a $1,000.00 target price on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $930.00 target price on shares of Deckers Outdoor in a research note on Thursday, February 15th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $870.93.

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