Deckers Outdoor (NYSE:DECK) Shares Gap Down to $867.81

Deckers Outdoor Co. (NYSE:DECK)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $867.81, but opened at $816.66. Deckers Outdoor shares last traded at $813.26, with a volume of 160,043 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DECK shares. Wells Fargo & Company upped their price objective on shares of Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. UBS Group increased their price target on Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Raymond James boosted their price objective on Deckers Outdoor from $585.00 to $845.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Barclays initiated coverage on Deckers Outdoor in a research report on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 target price for the company. Finally, Stifel Nicolaus lifted their price target on Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a research note on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $870.93.

Deckers Outdoor Stock Performance

The stock has a fifty day simple moving average of $888.78 and a two-hundred day simple moving average of $722.70. The stock has a market capitalization of $21.05 billion, a price-to-earnings ratio of 29.49, a P/E/G ratio of 1.57 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, beating the consensus estimate of $11.40 by $3.71. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $10.48 EPS. Research analysts forecast that Deckers Outdoor Co. will post 26.87 earnings per share for the current year.

Insider Activity

In related news, CEO David Powers sold 17,978 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $716.52, for a total transaction of $12,881,596.56. Following the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $70,375,161.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the sale, the insider now owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Powers sold 17,978 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $716.52, for a total value of $12,881,596.56. Following the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at $70,375,161.36. The disclosure for this sale can be found here. Insiders sold 42,449 shares of company stock worth $34,172,388 in the last quarter. 0.70% of the stock is owned by corporate insiders.

Institutional Trading of Deckers Outdoor

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC grew its holdings in shares of Deckers Outdoor by 1.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 945 shares of the textile maker’s stock valued at $632,000 after buying an additional 15 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in Deckers Outdoor by 7.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 232 shares of the textile maker’s stock worth $119,000 after purchasing an additional 16 shares in the last quarter. Janiczek Wealth Management LLC increased its holdings in Deckers Outdoor by 20.8% during the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock worth $62,000 after purchasing an additional 16 shares in the last quarter. Chase Investment Counsel Corp raised its stake in shares of Deckers Outdoor by 0.3% in the third quarter. Chase Investment Counsel Corp now owns 5,772 shares of the textile maker’s stock worth $2,967,000 after purchasing an additional 19 shares during the last quarter. Finally, Flputnam Investment Management Co. lifted its holdings in shares of Deckers Outdoor by 2.9% in the third quarter. Flputnam Investment Management Co. now owns 756 shares of the textile maker’s stock valued at $389,000 after purchasing an additional 21 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

About Deckers Outdoor

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.