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

Deckers Outdoor Co. (NYSE:DECK) CFO Steven J. Fasching sold 8,802 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,540,350.00. Following the sale, the chief financial officer now directly owns 153,036 shares of the company’s stock, valued at $26,781,300. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Deckers Outdoor Trading Up 0.4 %

Shares of NYSE:DECK opened at $178.34 on Thursday. Deckers Outdoor Co. has a 12-month low of $100.72 and a 12-month high of $184.48. The business has a 50 day moving average of $142.24 and a two-hundred day moving average of $66.68. The company has a market capitalization of $27.09 billion, a PE ratio of 31.36, a PEG ratio of 2.49 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last posted its earnings results 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 firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business’s revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.14 EPS. Equities research analysts predict that Deckers Outdoor Co. will post 5.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Deckers Outdoor

Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC grew its holdings in Deckers Outdoor by 499.2% in the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after purchasing an additional 19,053,113 shares during the period. AMF Tjanstepension AB grew its stake in Deckers Outdoor by 495.7% in the 3rd quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock valued at $151,924,000 after acquiring an additional 792,849 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Deckers Outdoor by 318.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 968,715 shares of the textile maker’s stock worth $154,462,000 after acquiring an additional 737,084 shares in the last quarter. Congress Asset Management Co. raised its position in Deckers Outdoor by 490.4% during the third quarter. Congress Asset Management Co. now owns 884,039 shares of the textile maker’s stock worth $140,960,000 after acquiring an additional 734,315 shares during the period. Finally, abrdn plc lifted its holdings in Deckers Outdoor by 568.7% during the third quarter. abrdn plc now owns 794,095 shares of the textile maker’s stock valued at $126,992,000 after purchasing an additional 675,347 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

DECK has been the subject of several analyst reports. Bank of America increased their price objective on Deckers Outdoor from $170.00 to $182.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Seaport Res Ptn lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. TD Cowen increased their price objective on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 25th. BTIG Research downgraded shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. Finally, KeyCorp raised their price target on shares of Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $149.50.

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.