Key Points
- Insider sale: Director Lauri Shanahan sold 4,682 shares on Feb. 13 at an average price of $114.84 for proceeds of $537,680.88, trimming her stake by 15.76% to 25,026 shares valued at about $2.87 million.
- Strong quarterly results: Deckers reported $3.33 EPS versus $2.77 expected and revenue of $1.96 billion (vs. $1.87B est.), with revenue up 7.1% year-over-year, a 19.46% net margin and 41.6% ROE.
- Market and analyst backdrop: The stock trades with a market cap of $16.64 billion and a P/E of 16.55, while analysts’ consensus is an overall "Hold" with an average price target of $125.20 and about 97.8% institutional ownership.
Deckers Outdoor Corporation (NYSE:DECK - Get Free Report) Director Lauri Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $114.84, for a total transaction of $537,680.88. Following the sale, the director directly owned 25,026 shares of the company's stock, valued at $2,873,985.84. This represents a 15.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Deckers Outdoor Stock Performance
NYSE:DECK opened at $117.20 on Wednesday. The firm has a 50-day simple moving average of $105.59 and a 200-day simple moving average of $102.20. The firm has a market cap of $16.64 billion, a P/E ratio of 16.55, a P/E/G ratio of 2.64 and a beta of 1.16. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $156.60.
Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, beating the consensus estimate of $2.77 by $0.56. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the firm posted $3.00 earnings per share. The company's quarterly revenue was up 7.1% on a year-over-year basis. On average, research analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on DECK shares. BTIG Research reissued a "neutral" rating on shares of Deckers Outdoor in a research report on Friday, January 30th. TD Cowen reaffirmed a "buy" rating on shares of Deckers Outdoor in a research note on Friday, October 24th. Needham & Company LLC boosted their target price on shares of Deckers Outdoor from $115.00 to $138.00 and gave the company a "buy" rating in a research note on Friday, January 30th. Raymond James Financial set a $115.00 price target on shares of Deckers Outdoor and gave the stock a "strong-buy" rating in a report on Friday, October 24th. Finally, Sanford C. Bernstein set a $90.00 price objective on shares of Deckers Outdoor in a report on Friday, January 30th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $125.20.
Check Out Our Latest Stock Analysis on DECK
Institutional Trading of Deckers Outdoor
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Freestone Grove Partners LP purchased a new position in Deckers Outdoor during the 4th quarter valued at about $537,000. AQR Capital Management LLC increased its holdings in Deckers Outdoor by 340.5% in the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker's stock valued at $273,000,000 after buying an additional 2,035,517 shares during the last quarter. EFG International AG purchased a new stake in Deckers Outdoor during the fourth quarter worth approximately $6,844,000. Cetera Investment Advisers increased its stake in Deckers Outdoor by 8.9% in the fourth quarter. Cetera Investment Advisers now owns 34,195 shares of the textile maker's stock valued at $3,545,000 after purchasing an additional 2,782 shares during the last quarter. Finally, Laird Norton Wetherby Trust Company LLC acquired a new stake in Deckers Outdoor during the fourth quarter worth approximately $423,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.
About Deckers Outdoor
(
Get Free Report)
Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company's product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.
Founded in 1973 by Doug Otto and Karl F.
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