Deckers Outdoor (NYSE:DECK) Sets New 1-Year Low Following Insider Selling

Deckers Outdoor Co. (NYSE:DECK - Get Free Report)'s share price reached a new 52-week low on Tuesday following insider selling activity. The company traded as low as $131.20 and last traded at $132.83, with a volume of 1173946 shares traded. The stock had previously closed at $137.24.

Specifically, Director David Powers sold 25,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the transaction, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DECK. Needham & Company LLC reaffirmed a "buy" rating and set a $246.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. KeyCorp lifted their price target on Deckers Outdoor from $213.00 to $230.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Bank of America upped their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Truist Financial reduced their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Finally, Robert W. Baird raised their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $197.41.

Deckers Outdoor Stock Performance

The stock has a market cap of $20.65 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. The company's 50-day moving average price is $182.92 and its 200 day moving average price is $157.46.

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 for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Institutional Trading of Deckers Outdoor

Several hedge funds have recently bought and sold shares of the stock. Mpwm Advisory Solutions LLC purchased a new position in shares of Deckers Outdoor during the 4th quarter valued at about $26,000. Headlands Technologies LLC purchased a new position in Deckers Outdoor during the fourth quarter valued at approximately $29,000. Vega Investment Solutions bought a new position in shares of Deckers Outdoor in the fourth quarter worth approximately $29,000. Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter worth $31,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $34,000 after purchasing an additional 120 shares during the period. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Company Profile

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.