Deckers Outdoor Co. (NYSE:DECK) CEO Caroti Stefano Sells 14,274 Shares

Deckers Outdoor Co. (NYSE:DECK) CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Caroti Stefano also recently made the following trade(s):

• On Tuesday, November 19th, Caroti Stefano sold 15,000 shares of Deckers Outdoor stock. The stock was sold at an average price of $175.73, for a total value of $2,635,950.00.

Deckers Outdoor Stock Up 1.4 %

NYSE:DECK opened at $206.63 on Friday. The company’s 50 day moving average is $176.88 and its 200-day moving average is $92.62. Deckers Outdoor Co. has a 12 month low of $108.65 and a 12 month high of $208.45. The firm has a market cap of $31.39 billion, a price-to-earnings ratio of 36.34, a P/E/G ratio of 2.87 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm posted $1.14 EPS. The business’s quarterly revenue was up 20.1% on a year-over-year basis. Research analysts predict that Deckers Outdoor Co. will post 5.49 EPS for the current fiscal year.

Institutional Trading of Deckers Outdoor

Hedge funds have recently added to or reduced their stakes in the business. ClariVest Asset Management LLC lifted its holdings in shares of Deckers Outdoor by 0.4% during the second quarter. ClariVest Asset Management LLC now owns 3,474 shares of the textile maker’s stock worth $3,363,000 after buying an additional 14 shares during the last quarter. U S Global Investors Inc. raised its stake in Deckers Outdoor by 1.5% during the 2nd quarter. U S Global Investors Inc. now owns 995 shares of the textile maker’s stock valued at $963,000 after purchasing an additional 15 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in Deckers Outdoor by 1.4% in the 2nd quarter. Arkadios Wealth Advisors now owns 1,341 shares of the textile maker’s stock valued at $1,298,000 after purchasing an additional 19 shares during the period. Sunbelt Securities Inc. increased its holdings in shares of Deckers Outdoor by 7.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock worth $264,000 after purchasing an additional 19 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Deckers Outdoor by 5.2% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 406 shares of the textile maker’s stock valued at $393,000 after buying an additional 20 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on DECK shares. StockNews.com lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. TD Cowen lifted their target price on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Robert W. Baird upped their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Bank of America lifted their price objective on Deckers Outdoor from $170.00 to $182.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, UBS Group upped their target price on Deckers Outdoor from $226.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.59.

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