Insider Selling: Deckers Outdoor Co. (NYSE:DECK) Insider Sells $723,721.26 in Stock

Deckers Outdoor Co. (NYSE:DECK) insider Anne Spangenberg sold 3,882 shares of Deckers Outdoor stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $186.43, for a total value of $723,721.26. Following the transaction, the insider now owns 67,434 shares in the company, valued at approximately $12,571,720.62. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Deckers Outdoor Stock Down 1.3 %

Shares of NYSE DECK opened at $191.81 on Thursday. The business’s 50 day moving average price is $165.44 and its two-hundred day moving average price is $77.09. The company has a market cap of $29.14 billion, a PE ratio of 34.19, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. Deckers Outdoor Co. has a twelve month low of $108.12 and a twelve month high of $198.08.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the business earned $1.14 earnings per share. The business’s revenue was up 20.1% compared to the same quarter last year. As a group, research analysts anticipate that Deckers Outdoor Co. will post 5.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors have recently made changes to their positions in DECK. EntryPoint Capital LLC boosted its holdings in shares of Deckers Outdoor by 256.3% during the first quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock worth $54,000 after acquiring an additional 41 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Deckers Outdoor by 117.6% during the first quarter. Advisors Asset Management Inc. now owns 1,499 shares of the textile maker’s stock worth $1,411,000 after acquiring an additional 810 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Deckers Outdoor by 4.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 99,004 shares of the textile maker’s stock worth $93,189,000 after acquiring an additional 3,931 shares during the period. SVB Wealth LLC bought a new stake in shares of Deckers Outdoor during the first quarter worth approximately $228,000. Finally, Caxton Associates LP bought a new stake in shares of Deckers Outdoor during the first quarter worth approximately $553,000. Institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DECK shares. Seaport Res Ptn lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 7th. Barclays boosted their price target on Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, October 25th. StockNews.com lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 25th. UBS Group boosted their price target on Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, BTIG Research lowered Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $153.53.

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