David Powers Sells 5,993 Shares of Deckers Outdoor Co. (NYSE:DECK) Stock

Deckers Outdoor Co. (NYSE:DECK) CEO David Powers sold 5,993 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the transaction, the chief executive officer now owns 98,218 shares in the company, valued at approximately $80,942,435.98. The sale was disclosed in a legal 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 shares were 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 Stock Performance

Shares of NYSE DECK opened at $813.00 on Friday. The company has a market cap of $20.87 billion, a PE ratio of 29.24, a P/E/G ratio of 1.44 and a beta of 1.01. The firm’s 50 day moving average price is $886.18 and its 200-day moving average price is $732.82. Deckers Outdoor Co. has a 52-week low of $424.36 and a 52-week high of $956.17.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, beating analysts’ consensus estimates of $11.40 by $3.71. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.45 billion. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.48 earnings per share. On average, analysts forecast that Deckers Outdoor Co. will post 26.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FinTrust Capital Advisors LLC lifted its position in Deckers Outdoor by 437.5% during the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 35 shares during the period. Anchor Investment Management LLC bought a new position in Deckers Outdoor during the fourth quarter valued at approximately $33,000. Contravisory Investment Management Inc. purchased a new stake in Deckers Outdoor during the first quarter valued at approximately $36,000. FSC Wealth Advisors LLC purchased a new stake in Deckers Outdoor during the fourth quarter valued at approximately $39,000. Finally, Ritter Daniher Financial Advisory LLC DE increased its holdings in Deckers Outdoor by 170.0% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock valued at $42,000 after buying an additional 51 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

DECK has been the topic of several research analyst reports. Evercore ISI began coverage on shares of Deckers Outdoor in a research report on Thursday, February 15th. They set an “outperform” rating and a $960.00 price target on the stock. UBS Group boosted their price objective on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Barclays began coverage on shares of Deckers Outdoor in a research note on Monday, April 1st. They set an “overweight” rating and a $1,110.00 price objective on the stock. Piper Sandler boosted their price objective on shares of Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $930.00 price objective on shares of Deckers Outdoor in a research note on Thursday, February 15th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average target price of $890.93.

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.