Deckers Outdoor Corp. Insider Peter Worley Unloads 1,270 Shares (DECK)
Deckers Outdoor Corp. (NASDAQ:DECK) Insider Peter Worley unloaded 1,270 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $61.58, for a total transaction of $78,206.60. Following the sale, the insider now directly owns 87,090 shares in the company, valued at approximately $5,363,002. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Deckers Outdoor Corp. (NASDAQ:DECK) traded up 1.42% on Wednesday, hitting $62.15. The stock had a trading volume of 1,672,673 shares. Deckers Outdoor Corp. has a 52 week low of $28.53 and a 52 week high of $68.84. The stock’s 50-day moving average is $61.62 and its 200-day moving average is $56.64. The company has a market cap of $2.144 billion and a P/E ratio of 19.25.
Deckers Outdoor Corp. (NASDAQ:DECK) last released its earnings data on Thursday, July 25th. The company reported ($0.85) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($1.04) by $0.19. The company had revenue of $170.10 million for the quarter, compared to the consensus estimate of $179.40 million. During the same quarter in the prior year, the company posted ($0.53) earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. On average, analysts predict that Deckers Outdoor Corp. will post $3.77 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Janney Montgomery Scott raised their price target on shares of Deckers Outdoor Corp. from $66.00 to $75.00 in a research note to investors on Friday, October 4th. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Deckers Outdoor Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 3rd. They now have a $74.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Deckers Outdoor Corp. in a research note to investors on Thursday, October 3rd. They now have a $100.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $62.57.
Deckers Outdoor Corporation designs footwear developed for both high performance outdoor activities and everyday casual lifestyle use.
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