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 stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $130.00, for a total transaction of $227,500.00. Following the completion of the sale, the insider now directly owns 24,252 shares in the company, valued at $3,152,760. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Deckers Outdoor stock traded down $0.03 during mid-day trading on Friday, hitting $131.69. 715,531 shares of the stock were exchanged, compared to its average volume of 728,428. Deckers Outdoor Corp has a twelve month low of $63.32 and a twelve month high of $134.94. The stock has a market capitalization of $3.82 billion, a P/E ratio of 22.94, a P/E/G ratio of 1.65 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 1.26.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 25th. The textile maker reported $2.38 earnings per share (EPS) for the quarter, topping 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 company had revenue of $501.91 million for the quarter, compared to analysts’ expectations of $496.22 million. During the same period last year, the company earned $1.54 EPS. As a group, analysts forecast that Deckers Outdoor Corp will post 6.82 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MERIAN GLOBAL INVESTORS UK Ltd boosted its position in shares of Deckers Outdoor by 5.8% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 808,573 shares of the textile maker’s stock worth $95,880,000 after acquiring an additional 44,300 shares during the last quarter. Northern Trust Corp boosted its position in shares of Deckers Outdoor by 2.4% in the second quarter. Northern Trust Corp now owns 752,880 shares of the textile maker’s stock worth $84,993,000 after acquiring an additional 17,775 shares during the last quarter. FMR LLC boosted its position in shares of Deckers Outdoor by 13.2% in the second quarter. FMR LLC now owns 703,314 shares of the textile maker’s stock worth $79,397,000 after acquiring an additional 82,214 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Deckers Outdoor by 30.9% in the second quarter. Renaissance Technologies LLC now owns 575,100 shares of the textile maker’s stock worth $64,923,000 after acquiring an additional 135,900 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Deckers Outdoor by 13.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 435,267 shares of the textile maker’s stock worth $49,138,000 after acquiring an additional 51,685 shares during the last quarter.

Several equities research analysts have issued reports on DECK shares. Macquarie set a $105.00 price target on shares of Deckers Outdoor and gave the stock a “hold” rating in a research note on Tuesday. Jefferies Financial Group reaffirmed a “hold” rating and set a $116.00 price target on shares of Deckers Outdoor in a research note on Friday, July 27th. Stifel Nicolaus cut shares of 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 note on Friday, July 27th. They noted that the move was a valuation call. Telsey Advisory Group raised their price target on shares of Deckers Outdoor from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, July 27th. Finally, Susquehanna Bancshares raised shares of 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 note on Thursday, August 23rd. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Deckers Outdoor currently has an average rating of “Hold” and an average price target 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.

Further Reading: Why do earnings reports matter?

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

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