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

Deckers Outdoor Co. (NYSE:DECK - Get Free Report) Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Friday, June 6th. The stock was sold at an average price of $109.08, for a total transaction of $32,724.00. Following the sale, the director now directly owns 10,681 shares in the company, valued at approximately $1,165,083.48. This trade represents a 2.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Deckers Outdoor Stock Up 0.9%

NYSE:DECK traded up $0.97 on Friday, reaching $109.29. 3,148,158 shares of the company's stock were exchanged, compared to its average volume of 2,584,799. The business has a fifty day moving average of $112.31 and a 200-day moving average of $153.35. Deckers Outdoor Co. has a 52-week low of $93.72 and a 52-week high of $223.98. The firm has a market capitalization of $16.33 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results on Thursday, May 22nd. The textile maker reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.43. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. The business's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Deckers Outdoor declared that its Board of Directors has initiated a share buyback plan on Thursday, May 22nd that allows the company to repurchase $2.25 billion in shares. This repurchase authorization allows the textile maker to repurchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Hedge Funds Weigh In On Deckers Outdoor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its holdings in Deckers Outdoor by 109.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker's stock valued at $91,965,000 after purchasing an additional 235,091 shares in the last quarter. Navellier & Associates Inc. increased its position in shares of Deckers Outdoor by 6.4% in the fourth quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker's stock valued at $6,053,000 after buying an additional 1,791 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of Deckers Outdoor by 62.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker's stock valued at $1,407,000 after buying an additional 2,668 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Deckers Outdoor by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker's stock worth $203,300,000 after purchasing an additional 32,318 shares in the last quarter. Finally, Amundi increased its position in Deckers Outdoor by 11.0% during the 4th quarter. Amundi now owns 1,088,351 shares of the textile maker's stock worth $225,855,000 after purchasing an additional 108,054 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DECK shares. Telsey Advisory Group cut shares of Deckers Outdoor from an "outperform" rating to a "market perform" rating in a research report on Friday, May 23rd. Needham & Company LLC set a $150.00 price target on shares of Deckers Outdoor and gave the company a "buy" rating in a research report on Wednesday, May 21st. Stifel Nicolaus lowered their price target on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. UBS Group set a $169.00 price target on shares of Deckers Outdoor and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, Robert W. Baird lowered their price target on shares of Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. Thirteen analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Deckers Outdoor currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.68.

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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.