Deckers Outdoor Co. (NYSE:DECK) CEO Sells $4,938,891.23 in Stock

Deckers Outdoor Co. (NYSE:DECK - Get Free Report) CEO David Powers sold 5,993 shares of the company's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the sale, the chief executive officer now owns 98,218 shares in the company, valued at $80,942,435.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

David Powers also recently made the following trade(s):

• On Friday, March 15th, David Powers sold 5,993 shares of Deckers Outdoor stock. The stock was sold at an average price of $922.85, for a total transaction of $5,530,640.05.
• On Thursday, February 15th, David Powers sold 5,993 shares of Deckers Outdoor stock. The shares were sold at an average price of $862.53, for a total transaction of $5,169,142.29.

Deckers Outdoor Trading Up 0.6 %

Shares of NYSE:DECK traded up $4.49 during trading on Wednesday, hitting $818.38. 379,789 shares of the company's stock were exchanged, compared to its average volume of 438,012. The firm has a market cap of $21.01 billion, a P/E ratio of 29.44, a PEG ratio of 1.45 and a beta of 1.01. The firm has a 50-day moving average price of $886.18 and a two-hundred day moving average price of $732.82. Deckers Outdoor Co. has a 1-year low of $424.36 and a 1-year high of $956.17.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, topping analysts' consensus estimates of $11.40 by $3.71. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.45 billion. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The business's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.48 EPS. As a group, research analysts predict that Deckers Outdoor Co. will post 26.87 EPS for the current year.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC increased its stake in shares of Deckers Outdoor by 13.7% in the 1st quarter. HighTower Advisors LLC now owns 3,294 shares of the textile maker's stock valued at $902,000 after acquiring an additional 398 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in Deckers Outdoor by 7.1% during the first quarter. Great West Life Assurance Co. Can now owns 15,156 shares of the textile maker's stock valued at $4,272,000 after purchasing an additional 1,001 shares during the period. Vontobel Holding Ltd. bought a new stake in Deckers Outdoor in the first quarter valued at approximately $882,000. Sei Investments Co. raised its holdings in Deckers Outdoor by 53.1% in the first quarter. Sei Investments Co. now owns 35,845 shares of the textile maker's stock worth $9,811,000 after purchasing an additional 12,439 shares during the period. Finally, Aviva PLC boosted its position in shares of Deckers Outdoor by 24.9% during the first quarter. Aviva PLC now owns 8,020 shares of the textile maker's stock worth $2,196,000 after purchasing an additional 1,597 shares in the last quarter. Institutional investors own 97.79% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DECK. Truist Financial reissued a "hold" rating and issued a $864.00 target price (down from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. Evercore ISI assumed coverage on Deckers Outdoor in a research note on Thursday, February 15th. They issued an "outperform" rating and a $960.00 price objective on the stock. Raymond James raised their target price on Deckers Outdoor from $585.00 to $845.00 and gave the company an "outperform" rating in a research note on Tuesday, January 30th. KeyCorp initiated coverage on Deckers Outdoor in a report on Wednesday, February 7th. They issued an "overweight" rating and a $960.00 price target for the company. Finally, Wedbush reissued an "outperform" rating and set a $1,000.00 price objective on shares of Deckers Outdoor in a report on Wednesday, April 10th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $870.93.

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