Deckers Outdoor Corp (DECK) Insider Sells $227,500.00 in Stock

Deckers Outdoor Corp (NYSE:DECK) insider Caroti Stefano sold 1,750 shares of the firm’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $130.00, for a total value of $227,500.00. Following the transaction, the insider now owns 24,252 shares of the company’s stock, valued at $3,152,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE DECK opened at $131.69 on Friday. The firm has a market capitalization of $3.96 billion, a PE ratio of 19.17, a P/E/G ratio of 1.71 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.26 and a current ratio of 2.41. Deckers Outdoor Corp has a 12-month low of $63.32 and a 12-month high of $134.94.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 25th. The textile maker reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.66. The business had revenue of $501.91 million for the quarter, compared to analysts’ expectations of $496.22 million. Deckers Outdoor had a return on equity of 23.27% and a net margin of 7.69%. During the same period last year, the firm earned $1.54 earnings per share. As a group, analysts anticipate that Deckers Outdoor Corp will post 6.82 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. raised its stake in shares of Deckers Outdoor by 352.9% in the second quarter. Meeder Asset Management Inc. now owns 1,318 shares of the textile maker’s stock valued at $149,000 after acquiring an additional 1,027 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new stake in Deckers Outdoor in the second quarter valued at $159,000. Sterling Investment Advisors Ltd. acquired a new stake in Deckers Outdoor in the second quarter valued at $169,000. Mission Wealth Management LP acquired a new stake in Deckers Outdoor in the second quarter valued at $200,000. Finally, Tower Research Capital LLC TRC raised its stake in Deckers Outdoor by 57.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,770 shares of the textile maker’s stock valued at $200,000 after buying an additional 645 shares in the last quarter.

Several research firms have recently commented on DECK. Canaccord Genuity set a $137.00 price target on Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, July 27th. Pivotal Research set a $119.00 price target on Deckers Outdoor and gave the stock a “hold” rating in a research report on Wednesday, July 25th. Susquehanna Bancshares upgraded Deckers Outdoor from a “negative” rating to a “neutral” rating and raised their price target for the stock from $89.00 to $104.00 in a research report on Thursday, August 23rd. Stifel Nicolaus lowered Deckers Outdoor from a “buy” rating to a “hold” rating and raised their price target for the stock from $120.00 to $123.00 in a research report on Friday, July 27th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies raised their price target on Deckers Outdoor from $99.00 to $125.00 and gave the stock a “hold” rating in a research report on Friday, July 27th. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $116.07.

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. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.

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Insider Buying and Selling by Quarter for Deckers Outdoor (NYSE:DECK)

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