Deckers Outdoor Corp (NYSE:DECK) CEO David Powers sold 1,500 shares of the company’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $128.31, for a total transaction of $192,465.00. Following the transaction, the chief executive officer now owns 66,047 shares of the company’s stock, valued at approximately $8,474,490.57. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
NYSE:DECK traded down $0.03 during mid-day trading on Friday, hitting $131.69. 715,531 shares of the company’s stock traded hands, compared to its average volume of 728,428. The company has a current ratio of 2.41, a quick ratio of 1.26 and a debt-to-equity ratio of 0.04. Deckers Outdoor Corp has a 1 year low of $63.32 and a 1 year high of $134.94. The company has a market capitalization of $3.82 billion, a P/E ratio of 22.94, a price-to-earnings-growth ratio of 1.65 and a beta of 0.84.
Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 25th. The textile maker reported $2.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.66. Deckers Outdoor had a net margin of 7.69% and a return on equity of 23.27%. The firm had revenue of $501.91 million during the quarter, compared to the consensus estimate of $496.22 million. During the same period last year, the firm posted $1.54 EPS. On average, equities research analysts predict that Deckers Outdoor Corp will post 6.82 earnings per share for the current year.
Large investors have recently bought and sold shares of the business. Meeder Asset Management Inc. increased its holdings in Deckers Outdoor by 352.9% during the 2nd 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. Sterling Investment Advisors Ltd. purchased a new position in Deckers Outdoor during the 2nd quarter valued at about $169,000. Kovack Advisors Inc. acquired a new stake in shares of Deckers Outdoor during the 3rd quarter worth about $203,000. Tower Research Capital LLC TRC boosted its stake in shares of Deckers Outdoor by 57.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,770 shares of the textile maker’s stock worth $200,000 after purchasing an additional 645 shares during the last quarter. Finally, Mission Wealth Management LP acquired a new stake in shares of Deckers Outdoor during the 2nd quarter worth about $200,000.
A number of brokerages have recently issued reports on DECK. Telsey Advisory Group increased their price target on shares of Deckers Outdoor from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, July 27th. Susquehanna Bancshares upgraded shares of Deckers Outdoor from a “negative” rating to a “neutral” rating and increased their price target for the company from $89.00 to $104.00 in a report on Thursday, August 23rd. ValuEngine downgraded shares of Deckers Outdoor from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Buckingham Research increased their price target on shares of Deckers Outdoor from $99.00 to $109.00 and gave the company a “neutral” rating in a report on Thursday, August 16th. Finally, Stifel Nicolaus downgraded shares of Deckers Outdoor from a “buy” rating to a “hold” rating and increased their price target for the company from $120.00 to $123.00 in a report on Friday, July 27th. They noted that the move was a valuation call. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus 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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