Insider Selling: Deckers Outdoor Corp (DECK) CFO Sells 7,500 Shares of Stock

Deckers Outdoor Corp (NYSE:DECK) CFO Thomas George sold 7,500 shares of Deckers Outdoor stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $94.97, for a total value of $712,275.00. Following the sale, the chief financial officer now owns 41,493 shares of the company’s stock, valued at $3,940,590.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Deckers Outdoor Corp (NYSE DECK) traded up $0.69 on Wednesday, reaching $95.69. The company’s stock had a trading volume of 969,061 shares, compared to its average volume of 691,914. Deckers Outdoor Corp has a 52 week low of $44.00 and a 52 week high of $98.62. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.25 and a quick ratio of 2.16. The stock has a market capitalization of $3,060.00, a price-to-earnings ratio of 39.54, a PEG ratio of 1.51 and a beta of 1.32.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 1st. The textile maker reported $4.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.84 by $1.13. Deckers Outdoor had a return on equity of 17.72% and a net margin of 4.17%. The company had revenue of $810.50 million for the quarter, compared to analyst estimates of $748.38 million. During the same quarter in the previous year, the firm earned $4.11 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. research analysts predict that Deckers Outdoor Corp will post 5.43 earnings per share for the current fiscal year.

Deckers Outdoor declared that its board has initiated a stock repurchase plan on Thursday, October 26th that authorizes the company to repurchase $335.00 million in outstanding shares. This repurchase authorization authorizes the textile maker to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Swiss National Bank grew its stake in Deckers Outdoor by 2.4% in the fourth quarter. Swiss National Bank now owns 54,500 shares of the textile maker’s stock valued at $4,374,000 after purchasing an additional 1,300 shares during the last quarter. California Public Employees Retirement System grew its stake in Deckers Outdoor by 2.1% in the fourth quarter. California Public Employees Retirement System now owns 88,486 shares of the textile maker’s stock valued at $7,101,000 after purchasing an additional 1,787 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in Deckers Outdoor in the fourth quarter valued at about $879,000. ING Groep NV grew its stake in Deckers Outdoor by 23.1% in the fourth quarter. ING Groep NV now owns 4,823 shares of the textile maker’s stock valued at $387,000 after purchasing an additional 904 shares during the last quarter. Finally, First Mercantile Trust Co. purchased a new position in Deckers Outdoor in the fourth quarter valued at about $189,000. Institutional investors own 99.56% of the company’s stock.

Several analysts have recently weighed in on DECK shares. UBS Group downgraded Deckers Outdoor to a “neutral” rating in a research report on Monday, October 16th. Zacks Investment Research upgraded Deckers Outdoor from a “hold” rating to a “strong-buy” rating and set a $109.00 target price for the company in a research report on Tuesday. Robert W. Baird upgraded Deckers Outdoor from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $87.00 to $108.00 in a research report on Friday, February 2nd. Jefferies Group set a $82.00 price target on Deckers Outdoor and gave the company a “buy” rating in a research note on Sunday, October 29th. Finally, Stifel Nicolaus restated a “buy” rating and set a $93.00 price target (up previously from $85.00) on shares of Deckers Outdoor in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $87.43.

COPYRIGHT VIOLATION NOTICE: This report was published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/02/07/insider-selling-deckers-outdoor-corp-deck-cfo-sells-7500-shares-of-stock.html.

About Deckers Outdoor

Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.

Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply