Insider Selling: Deckers Outdoor Co. (NYSE:DECK) Director Sells $3,376,368.96 in Stock

Deckers Outdoor Co. (NYSE:DECK) Director David Powers sold 3,912 shares of Deckers Outdoor stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $863.08, for a total value of $3,376,368.96. Following the transaction, the director now directly owns 68,078 shares in the company, valued at approximately $58,756,760.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Deckers Outdoor Stock Up 2.1 %

Shares of NYSE DECK opened at $909.26 on Thursday. The business has a 50-day simple moving average of $911.31 and a two-hundred day simple moving average of $919.27. Deckers Outdoor Co. has a 52 week low of $484.02 and a 52 week high of $1,106.89. The company has a market cap of $23.10 billion, a P/E ratio of 31.04, a P/E/G ratio of 2.52 and a beta of 1.05.

Deckers Outdoor’s stock is set to split before the market opens on Tuesday, September 17th. The 6-1 split was announced on Tuesday, September 17th. The newly issued shares will be issued to shareholders after the market closes on Tuesday, September 17th.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, July 25th. The textile maker reported $4.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.59 by $0.93. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The business had revenue of $825.30 million for the quarter, compared to analyst estimates of $808.40 million. During the same quarter in the prior year, the firm posted $2.41 EPS. Deckers Outdoor’s revenue was up 22.1% on a year-over-year basis. Equities research analysts anticipate that Deckers Outdoor Co. will post 31.6 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Deckers Outdoor from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, May 24th. Stifel Nicolaus increased their price objective on shares of Deckers Outdoor from $825.00 to $887.00 and gave the company a “hold” rating in a research note on Friday, July 26th. Truist Financial boosted their target price on Deckers Outdoor from $1,200.00 to $1,225.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Deckers Outdoor in a research report on Friday, July 26th. Finally, Barclays boosted their price objective on Deckers Outdoor from $1,089.00 to $1,090.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and an average price target of $1,057.00.

Institutional Investors Weigh In On Deckers Outdoor

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Deckers Outdoor by 18.9% in the 1st quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock valued at $2,751,448,000 after acquiring an additional 464,020 shares in the last quarter. Norges Bank purchased a new stake in Deckers Outdoor in the fourth quarter valued at approximately $196,814,000. TD Asset Management Inc lifted its position in Deckers Outdoor by 191.1% during the fourth quarter. TD Asset Management Inc now owns 305,949 shares of the textile maker’s stock valued at $204,505,000 after purchasing an additional 200,850 shares during the last quarter. Millennium Management LLC grew its stake in Deckers Outdoor by 231.2% in the 2nd quarter. Millennium Management LLC now owns 233,810 shares of the textile maker’s stock worth $226,316,000 after buying an additional 163,210 shares in the last quarter. Finally, AMF Tjanstepension AB bought a new position in shares of Deckers Outdoor in the 2nd quarter worth $154,827,000. 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.