Deckers Outdoor (NYSE:DECK) Shares Down 6.9%

Deckers Outdoor Co. (NYSE:DECK) shares were down 6.9% during mid-day trading on Thursday . The company traded as low as $788.37 and last traded at $792.53. Approximately 144,189 shares were traded during trading, a decline of 66% from the average daily volume of 427,636 shares. The stock had previously closed at $851.71.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DECK shares. Evercore ISI started coverage on Deckers Outdoor in a report on Thursday, February 15th. They set an “outperform” rating and a $960.00 price objective for the company. Raymond James lifted their target price on Deckers Outdoor from $585.00 to $845.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Stifel Nicolaus lifted their target price on Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a research report on Friday, February 2nd. Bank of America lowered Deckers Outdoor from a “buy” rating to a “neutral” rating and decreased their target price for the company from $875.00 to $860.00 in a research report on Thursday. 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 issued a buy rating to the company’s stock. According to MarketBeat.com, Deckers Outdoor presently has an average rating of “Moderate Buy” and an average target price of $889.00.

Deckers Outdoor Trading Up 3.3 %

The stock has a market capitalization of $21.39 billion, a P/E ratio of 29.98, a price-to-earnings-growth ratio of 1.43 and a beta of 1.01. The company has a 50-day moving average price of $882.26 and a 200 day moving average price of $746.60.

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. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the company posted $10.48 EPS. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, research analysts expect that Deckers Outdoor Co. will post 26.89 earnings per share for the current year.

Insider Activity at Deckers Outdoor

In related news, CEO David Powers sold 5,993 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was 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 approximately $80,942,435.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the sale, the chief executive officer now owns 98,218 shares in the company, valued at approximately $80,942,435.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lauri M. Shanahan sold 3,672 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $832.22, for a total value of $3,055,911.84. Following the sale, the director now owns 4,515 shares in the company, valued at approximately $3,757,473.30. The disclosure for this sale can be found here. Insiders have sold 30,464 shares of company stock valued at $26,229,683 in the last ninety days. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

Several large investors have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB boosted its stake in shares of Deckers Outdoor by 12.4% in the fourth quarter. Handelsbanken Fonder AB now owns 5,444 shares of the textile maker’s stock worth $3,639,000 after buying an additional 600 shares during the last quarter. Advisor Resource Council purchased a new stake in shares of Deckers Outdoor in the fourth quarter worth about $970,000. Advisors Preferred LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter worth about $2,271,000. Marks Group Wealth Management Inc purchased a new stake in shares of Deckers Outdoor in the fourth quarter worth about $6,185,000. Finally, Louisiana State Employees Retirement System acquired a new position in Deckers Outdoor in the 4th quarter worth about $4,813,000. Hedge funds and other 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.