David Powers Sells 2,500 Shares of Deckers Outdoor Corp (NYSE:DECK) Stock

Deckers Outdoor Corp (NYSE:DECK) CEO David Powers sold 2,500 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $165.00, for a total value of $412,500.00. Following the completion of the sale, the chief executive officer now owns 94,150 shares in the company, valued at approximately $15,534,750. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

David Powers also recently made the following trade(s):

  • On Monday, November 4th, David Powers sold 2,500 shares of Deckers Outdoor stock. The shares were sold at an average price of $160.00, for a total value of $400,000.00.
  • On Friday, October 11th, David Powers sold 2,500 shares of Deckers Outdoor stock. The shares were sold at an average price of $155.00, for a total value of $387,500.00.

DECK stock traded up $1.35 during trading hours on Friday, hitting $163.41. 340,036 shares of the stock were exchanged, compared to its average volume of 528,502. The company has a current ratio of 2.44, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $4.68 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.48 and a beta of 0.88. The company has a 50-day simple moving average of $149.03 and a two-hundred day simple moving average of $154.95. Deckers Outdoor Corp has a 12 month low of $110.87 and a 12 month high of $180.76.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.37. The firm had revenue of $542.21 million for the quarter, compared to analysts’ expectations of $529.11 million. Deckers Outdoor had a return on equity of 27.89% and a net margin of 13.36%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.38 EPS. On average, equities research analysts predict that Deckers Outdoor Corp will post 9.07 earnings per share for the current year.

DECK has been the topic of several recent research reports. Stifel Nicolaus set a $175.00 price objective on Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, October 25th. Wedbush increased their price objective on Deckers Outdoor from $148.00 to $154.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. ValuEngine upgraded Deckers Outdoor from a “strong sell” rating to a “sell” rating in a research report on Friday, November 1st. Bank of America set a $202.00 price objective on Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Susquehanna Bancshares increased their price objective on Deckers Outdoor from $180.00 to $205.00 in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $175.15.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schroder Investment Management Group grew its holdings in shares of Deckers Outdoor by 43.2% during the 2nd quarter. Schroder Investment Management Group now owns 23,343 shares of the textile maker’s stock worth $4,108,000 after purchasing an additional 7,044 shares in the last quarter. Balyasny Asset Management LLC grew its holdings in shares of Deckers Outdoor by 110.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 63,344 shares of the textile maker’s stock worth $11,147,000 after purchasing an additional 33,287 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of Deckers Outdoor during the 3rd quarter worth $3,507,000. Coastal Investment Advisors Inc. acquired a new stake in shares of Deckers Outdoor during the 2nd quarter worth $26,000. Finally, STA Wealth Management LLC grew its holdings in shares of Deckers Outdoor by 1.5% during the 2nd quarter. STA Wealth Management LLC now owns 5,698 shares of the textile maker’s stock worth $1,003,000 after purchasing an additional 84 shares in the last quarter.

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. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.

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Insider Buying and Selling by Quarter for Deckers Outdoor (NYSE:DECK)

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