Insider Selling: 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 Deckers Outdoor stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The sale was disclosed in a document filed with the SEC, which is available through 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 transaction of $5,530,640.05.
• On Thursday, February 15th, David Powers sold 5,993 shares of Deckers Outdoor stock. The shares were sold at an average price of $862.53, for a total transaction of $5,169,142.29.

Deckers Outdoor Stock Down 1.6 %

DECK opened at $800.39 on Friday. The firm has a 50 day moving average price of $885.79 and a 200-day moving average price of $733.38. Deckers Outdoor Co. has a twelve month low of $424.36 and a twelve month high of $956.17. The stock has a market capitalization of $20.54 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 1.45 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share (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 analyst estimates of $1.45 billion. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business posted $10.48 earnings per share. As a group, analysts expect that Deckers Outdoor Co. will post 26.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DECK. Wedbush reaffirmed an “outperform” rating and issued a $1,000.00 target price on shares of Deckers Outdoor in a report on Wednesday, April 10th. Evercore ISI began coverage on shares of Deckers Outdoor in a report on Thursday, February 15th. They issued an “outperform” rating and a $960.00 target price for the company. Piper Sandler lifted their target price on shares of Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Truist Financial reaffirmed a “hold” rating and issued a $864.00 target price (down from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. Finally, TD Cowen lifted their target price on shares of Deckers Outdoor from $1,000.00 to $1,005.00 and gave the stock a “buy” rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $890.93.

Institutional Trading of Deckers Outdoor

Several large investors have recently added to or reduced their stakes in DECK. FinTrust Capital Advisors LLC grew its position in Deckers Outdoor by 437.5% during the fourth 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 bought a new stake in Deckers Outdoor during the fourth quarter valued at approximately $33,000. Contravisory Investment Management Inc. bought a new stake in Deckers Outdoor during the first quarter valued at approximately $36,000. FSC Wealth Advisors LLC bought a new stake in Deckers Outdoor during the fourth quarter valued at approximately $39,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Deckers Outdoor by 170.0% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock worth $42,000 after purchasing an additional 51 shares during the period. 97.79% of the stock is currently owned by institutional investors.

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.