Deckers Outdoor (NYSE:DECK) Shares 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.

Analyst Upgrades and Downgrades

DECK has been the subject of several research analyst reports. TD Cowen raised their target price on Deckers Outdoor from $1,000.00 to $1,005.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $930.00 target price on shares of Deckers Outdoor in a research report on Thursday, February 15th. Barclays initiated coverage on Deckers Outdoor in a research report on Monday, April 1st. They set an “overweight” rating and a $1,110.00 target price for the company. KeyCorp initiated coverage on Deckers Outdoor in a research report on Wednesday, February 7th. They set an “overweight” rating and a $960.00 target price for the company. Finally, Wedbush reaffirmed an “outperform” rating and set a $1,000.00 target price on shares of Deckers Outdoor in a research report on Wednesday, April 10th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average target price of $889.00.

Deckers Outdoor Stock Performance

The firm has a 50 day simple moving average of $882.26 and a 200 day simple moving average of $746.60. The firm has a market cap of $21.39 billion, a P/E ratio of 29.98, a P/E/G ratio of 1.43 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, topping the consensus estimate of $11.40 by $3.71. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company earned $10.48 EPS. Sell-side analysts predict that Deckers Outdoor Co. will post 26.89 EPS for the current fiscal year.

Insider Activity

In other news, insider Angela Ogbechie sold 313 shares of Deckers Outdoor stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $844.13, for a total transaction of $264,212.69. Following the completion of the sale, the insider now owns 4,027 shares in the company, valued at approximately $3,399,311.51. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Steven J. Fasching sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.40, for a total value of $4,222,000.00. Following the completion of the sale, the chief financial officer now owns 29,291 shares in the company, valued at approximately $24,733,320.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela Ogbechie sold 313 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the sale, the insider now owns 4,027 shares of the company’s stock, valued at approximately $3,399,311.51. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,464 shares of company stock worth $26,229,683. 0.70% of the stock is currently owned by insiders.

Institutional Trading of Deckers Outdoor

Hedge funds have recently bought and sold shares of the company. FinTrust Capital Advisors LLC increased its stake in Deckers Outdoor by 437.5% in the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after purchasing an additional 35 shares during the period. Anchor Investment Management LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $33,000. Contravisory Investment Management Inc. purchased a new position in shares of Deckers Outdoor during the first quarter valued at approximately $36,000. FSC Wealth Advisors LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $39,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its holdings in 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 in the last quarter. Institutional investors own 97.79% of the company’s stock.

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.