Maha Saleh Ibrahim Sells 300 Shares of Deckers Outdoor Co. (NYSE:DECK) Stock

Deckers Outdoor Co. (NYSE:DECK - Get Free Report) Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the transaction, the director now owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Deckers Outdoor Stock Performance

Shares of DECK stock traded down $5.12 during trading on Friday, hitting $126.81. The company had a trading volume of 5,978,933 shares, compared to its average volume of 3,173,280. The stock's 50-day moving average price is $179.75 and its 200 day moving average price is $159.83. Deckers Outdoor Co. has a one year low of $122.61 and a one year high of $223.98. The firm has a market capitalization of $19.25 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10.

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

Remove Ads

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Truist Financial lowered their price target on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. UBS Group boosted their target price on Deckers Outdoor from $267.00 to $284.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Evercore ISI raised their price target on Deckers Outdoor from $195.00 to $235.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. Guggenheim reiterated a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Citigroup upgraded shares of Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 target price for the company in a research note on Friday, February 7th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.41.

Institutional Investors Weigh In On Deckers Outdoor

A number of large investors have recently bought and sold shares of DECK. Allspring Global Investments Holdings LLC boosted its position in shares of Deckers Outdoor by 109.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker's stock worth $91,965,000 after acquiring an additional 235,091 shares in the last quarter. Navellier & Associates Inc. lifted its stake in Deckers Outdoor by 6.4% during the fourth quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker's stock worth $6,053,000 after purchasing an additional 1,791 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of Deckers Outdoor by 62.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker's stock worth $1,407,000 after buying an additional 2,668 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Deckers Outdoor by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker's stock worth $203,300,000 after buying an additional 32,318 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Deckers Outdoor by 25.7% during the 4th quarter. Principal Financial Group Inc. now owns 499,568 shares of the textile maker's stock worth $101,457,000 after buying an additional 102,134 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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.