Maha Saleh Ibrahim Sells 300 Shares of Deckers Outdoor Co. (NYSE:DECK) Stock

Deckers Outdoor Co. (NYSE:DECK) Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Deckers Outdoor Trading Down 3.9 %

Shares of NYSE:DECK opened at $126.81 on Friday. The company has a market capitalization of $19.25 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 12 month low of $122.61 and a 12 month high of $223.98. The firm’s 50-day moving average is $179.75 and its 200 day moving average is $158.89.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, equities analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Deckers Outdoor

Several large investors have recently added to or reduced their stakes in DECK. Farther Finance Advisors LLC boosted its position in Deckers Outdoor by 2,037.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,052 shares of the textile maker’s stock valued at $327,000 after buying an additional 1,956 shares during the period. Van ECK Associates Corp boosted its position in Deckers Outdoor by 562.6% in the 3rd quarter. Van ECK Associates Corp now owns 39,586 shares of the textile maker’s stock valued at $5,976,000 after buying an additional 33,612 shares during the period. National Pension Service boosted its position in Deckers Outdoor by 604.8% in the 3rd quarter. National Pension Service now owns 264,282 shares of the textile maker’s stock valued at $42,140,000 after buying an additional 226,782 shares during the period. Asset Management One Co. Ltd. lifted its position in shares of Deckers Outdoor by 457.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 72,153 shares of the textile maker’s stock worth $11,505,000 after purchasing an additional 59,202 shares during the period. Finally, QRG Capital Management Inc. lifted its position in shares of Deckers Outdoor by 602.4% in the 3rd quarter. QRG Capital Management Inc. now owns 10,227 shares of the textile maker’s stock worth $1,631,000 after purchasing an additional 8,771 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $246.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Robert W. Baird boosted their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Bank of America boosted their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Evercore ISI boosted their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $197.41.

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 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.