Insider Selling: Deckers Outdoor Corp CEO Unloads 40,000 Shares of Stock (DECK)
Deckers Outdoor Corp (NASDAQ:DECK) CEO Angel R. Martinez sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $92.84, for a total value of $3,713,600.00. Following the completion of the sale, the chief executive officer now directly owns 327,949 shares of the company’s stock, valued at approximately $30,446,785. The transaction was disclosed in a filing with the SEC, which is available at this link.
Deckers Outdoor Corp (NASDAQ:DECK) traded up 1.40% on Tuesday, hitting $93.53. The stock had a trading volume of 639,807 shares. Deckers Outdoor Corp has a 52 week low of $56.90 and a 52 week high of $95.94. The stock has a 50-day moving average of $89.82 and a 200-day moving average of $82.34. The company has a market cap of $3.239 billion and a P/E ratio of 24.04.
Deckers Outdoor Corp (NASDAQ:DECK) last released its earnings data on Thursday, July 24th. The company reported ($1.07) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($1.28) by $0.21. The company had revenue of $211.50 million for the quarter, compared to the consensus estimate of $191.96 million. During the same quarter in the prior year, the company posted ($0.85) earnings per share. The company’s quarterly revenue was up 24.3% on a year-over-year basis. Analysts expect that Deckers Outdoor Corp will post $4.75 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Deckers Outdoor Corp in a research note on Tuesday, July 29th. They now have a $95.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Deckers Outdoor Corp from $94.00 to $98.00 in a research note on Monday, July 28th. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Deckers Outdoor Corp in a research note on Friday, July 25th. They now have a $94.00 price target on the stock, up previously from $82.00. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $97.94.
Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities.
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