Deckers Outdoor Co. (NYSE:DECK) Director Maha Saleh Ibrahim Sells 300 Shares

Deckers Outdoor Co. (NYSE:DECK) Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the transaction, the director now owns 10,222 shares in the company, valued at approximately $2,052,577.60. This represents a 2.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Deckers Outdoor Stock Up 1.0 %

Deckers Outdoor stock traded up $2.00 during trading hours on Monday, hitting $201.55. The stock had a trading volume of 1,641,491 shares, compared to its average volume of 2,224,160. The stock’s 50-day moving average price is $172.42 and its 200-day moving average price is $86.89. The stock has a market capitalization of $30.62 billion, a P/E ratio of 35.09, a price-to-earnings-growth ratio of 2.80 and a beta of 1.08. Deckers Outdoor Co. has a 12-month low of $108.65 and a 12-month high of $207.29.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.35. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.14 EPS. On average, research analysts expect that Deckers Outdoor Co. will post 5.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DECK. Barclays raised their price target on Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Guggenheim began coverage on shares of Deckers Outdoor in a research note on Wednesday, October 9th. They set a “neutral” rating on the stock. Seaport Res Ptn cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Wells Fargo & Company raised their price objective on shares of Deckers Outdoor from $165.00 to $170.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus upped their target price on Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.59.

Institutional Investors Weigh In On Deckers Outdoor

Several large investors have recently bought and sold shares of DECK. ClariVest Asset Management LLC grew its stake in shares of Deckers Outdoor by 0.4% in the second quarter. ClariVest Asset Management LLC now owns 3,474 shares of the textile maker’s stock worth $3,363,000 after acquiring an additional 14 shares during the period. U S Global Investors Inc. raised its stake in Deckers Outdoor by 1.5% during the 2nd quarter. U S Global Investors Inc. now owns 995 shares of the textile maker’s stock valued at $963,000 after buying an additional 15 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of Deckers Outdoor by 1.4% during the 2nd quarter. Arkadios Wealth Advisors now owns 1,341 shares of the textile maker’s stock valued at $1,298,000 after buying an additional 19 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of Deckers Outdoor by 7.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock worth $264,000 after buying an additional 19 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Deckers Outdoor by 5.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 406 shares of the textile maker’s stock worth $393,000 after acquiring an additional 20 shares during the period. 97.79% of the stock is currently owned by institutional investors.

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.