Deckers Outdoor (NYSE:DECK) Shares Gap Down to $472.51

Deckers Outdoor Co. (NYSE:DECK – Get Rating) shares gapped down prior to trading on Friday . The stock had previously closed at $472.51, but opened at $460.00. Deckers Outdoor shares last traded at $445.26, with a volume of 277,777 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DECK shares. Robert W. Baird upped their price objective on shares of Deckers Outdoor from $425.00 to $455.00 in a report on Tuesday, January 31st. Stifel Nicolaus upped their target price on shares of Deckers Outdoor from $485.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, April 17th. Citigroup upped their target price on shares of Deckers Outdoor from $440.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, January 25th. StockNews.com started coverage on shares of Deckers Outdoor in a research report on Thursday. They issued a “hold” rating on the stock. Finally, Cowen upped their target price on shares of Deckers Outdoor from $476.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $466.54.

Deckers Outdoor Stock Down 3.8 %

The company’s 50-day moving average price is $461.68 and its 200-day moving average price is $418.22. The firm has a market cap of $11.99 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 1.20 and a beta of 0.92.

Insider Buying and Selling

In related news, Director Lauri M. Shanahan sold 2,529 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $406.56, for a total transaction of $1,028,190.24. Following the sale, the director now directly owns 7,843 shares in the company, valued at $3,188,650.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Deckers Outdoor news, Director Lauri M. Shanahan sold 2,529 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $406.56, for a total value of $1,028,190.24. Following the transaction, the director now directly owns 7,843 shares in the company, valued at $3,188,650.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Powers sold 35,957 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $400.87, for a total transaction of $14,414,082.59. Following the completion of the transaction, the chief executive officer now owns 92,252 shares in the company, valued at $36,981,059.24. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Hedge funds have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC purchased a new position in shares of Deckers Outdoor during the first quarter worth approximately $27,000. Massmutual Trust Co. FSB ADV grew its position in shares of Deckers Outdoor by 100.0% during the first quarter. Massmutual Trust Co. FSB ADV now owns 72 shares of the textile maker’s stock worth $32,000 after acquiring an additional 36 shares during the last quarter. Tobam purchased a new position in shares of Deckers Outdoor during the fourth quarter worth approximately $36,000. Cutler Group LLC CA purchased a new position in shares of Deckers Outdoor during the fourth quarter worth approximately $39,000. Finally, Financial Management Professionals Inc. grew its position in shares of Deckers Outdoor by 9,000.0% during the first quarter. Financial Management Professionals Inc. now owns 91 shares of the textile maker’s stock worth $41,000 after acquiring an additional 90 shares during the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Company Profile

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Deckers Outdoor Corp. engages in the business of designing, marketing, and distributing footwear, apparel, and accessories developed for both everyday casual lifestyle use and high performance activities. It operates through the following segments: UGG Brand, HOKA Brand, Teva Brand, Sanuk Brand, Other Brands, and Direct-to-Consumer.