David Powers Sells 25,000 Shares of Deckers Outdoor Co. (NYSE:DECK) Stock

Deckers Outdoor Co. (NYSE:DECK - Get Free Report) Director David Powers sold 25,000 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the sale, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Deckers Outdoor Stock Up 1.7 %

DECK stock traded up $2.26 during mid-day trading on Wednesday, reaching $136.04. 2,229,626 shares of the stock traded hands, compared to its average volume of 3,109,641. Deckers Outdoor Co. has a 52 week low of $131.20 and a 52 week high of $223.98. The business has a 50-day moving average of $182.92 and a two-hundred day moving average of $157.46. The firm has a market capitalization of $20.65 billion, a PE ratio of 22.05, a P/E/G ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. On average, equities research analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on DECK. UBS Group boosted their target price on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Stifel Nicolaus upped their price target on shares of Deckers Outdoor from $181.00 to $185.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $240.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Evercore ISI upped their price target on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. Finally, Truist Financial dropped their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $197.41.

Institutional Investors Weigh In On Deckers Outdoor

Several hedge funds have recently made changes to their positions in DECK. First Trust Direct Indexing L.P. lifted its stake in shares of Deckers Outdoor by 572.4% in the third quarter. First Trust Direct Indexing L.P. now owns 4,317 shares of the textile maker's stock valued at $688,000 after buying an additional 3,675 shares during the period. Financial Advocates Investment Management lifted its stake in shares of Deckers Outdoor by 536.0% in the third quarter. Financial Advocates Investment Management now owns 2,684 shares of the textile maker's stock valued at $428,000 after buying an additional 2,262 shares during the period. US Bancorp DE lifted its stake in shares of Deckers Outdoor by 448.5% in the third quarter. US Bancorp DE now owns 28,906 shares of the textile maker's stock valued at $4,609,000 after buying an additional 23,636 shares during the period. New York State Common Retirement Fund raised its position in Deckers Outdoor by 425.6% in the third quarter. New York State Common Retirement Fund now owns 174,880 shares of the textile maker's stock worth $27,885,000 after purchasing an additional 141,608 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Deckers Outdoor by 2,037.5% in the third quarter. Farther Finance Advisors LLC now owns 2,052 shares of the textile maker's stock worth $327,000 after purchasing an additional 1,956 shares in the last quarter. Institutional investors own 97.79% of the company's stock.

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.