Deckers Outdoor (NYSE:DECK) Shares Gap Down - Should You Sell?

Shares of Deckers Outdoor Co. (NYSE:DECK - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $117.98, but opened at $100.15. Deckers Outdoor shares last traded at $98.74, with a volume of 1,395,170 shares.

Analysts Set New Price Targets

DECK has been the subject of a number of research analyst reports. Barclays increased their target price on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Needham & Company LLC reiterated a "buy" rating and set a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Wells Fargo & Company lowered their target price on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating on the stock in a 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 note on Thursday, January 23rd. 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 report on Friday, February 7th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Deckers Outdoor currently has an average rating of "Moderate Buy" and an average price target of $197.41.

Deckers Outdoor Price Performance

The stock has a market capitalization of $15.70 billion, a PE ratio of 16.72, a P/E/G ratio of 1.68 and a beta of 1.07. The company has a 50-day moving average of $140.84 and a two-hundred day moving average of $169.53.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping 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, research analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now directly owns 10,388 shares of the company's stock, 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 SEC, which is accessible through this link. Also, Director David Powers sold 25,000 shares of the business's 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 sale, the director now directly owns 241,777 shares of the company's stock, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new position in Deckers Outdoor during the 4th quarter worth $26,000. Headlands Technologies LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter worth about $29,000. Vega Investment Solutions bought a new stake in shares of Deckers Outdoor during the fourth quarter valued at approximately $29,000. Global Trust Asset Management LLC acquired a new stake in Deckers Outdoor in the fourth quarter worth approximately $31,000. Finally, Whittier Trust Co. of Nevada Inc. increased 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.

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.