Deckers Outdoor Co. (NYSE:DECK) CFO Steven J. Fasching Sells 8,802 Shares

Deckers Outdoor Co. (NYSE:DECK) CFO Steven J. Fasching sold 8,802 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $175.00, for a total value of $1,540,350.00. Following the completion of the transaction, the chief financial officer now directly owns 153,036 shares in the company, valued at $26,781,300. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Deckers Outdoor Price Performance

DECK opened at $177.64 on Wednesday. The company has a market capitalization of $26.99 billion, a P/E ratio of 31.24, a P/E/G ratio of 2.45 and a beta of 1.05. The firm’s fifty day moving average price is $139.17 and its two-hundred day moving average price is $65.90. Deckers Outdoor Co. has a fifty-two week low of $100.72 and a fifty-two week high of $184.48.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business earned $1.14 EPS. The firm’s revenue was up 20.1% on a year-over-year basis. On average, equities research analysts expect that Deckers Outdoor Co. will post 5.51 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on DECK shares. Guggenheim initiated coverage on Deckers Outdoor in a research note on Wednesday, October 9th. They issued a “neutral” rating on the stock. Piper Sandler set a $166.00 price target on Deckers Outdoor in a research report on Thursday, October 17th. Barclays raised their price objective on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. BTIG Research lowered shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company increased their target price on shares of Deckers Outdoor from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $149.50.

Hedge Funds Weigh In On Deckers Outdoor

A number of hedge funds have recently modified their holdings of the stock. Solstein Capital LLC grew its position in Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 135 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Deckers Outdoor by 460.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 23 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Deckers Outdoor during the 2nd quarter worth about $34,000. Finally, Rakuten Securities Inc. lifted its holdings in Deckers Outdoor by 397.7% during the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 175 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

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