Deckers Outdoor (NYSE:DECK) Sets New 52-Week Low Following Insider Selling

Deckers Outdoor Co. (NYSE:DECK) shares reached a new 52-week low on Tuesday following insider selling activity. The company traded as low as $131.20 and last traded at $132.83, with a volume of 1173946 shares changing hands. The stock had previously closed at $137.24.

Specifically, Director David Powers sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DECK shares. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Evercore ISI increased their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $240.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Bank of America boosted their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Finally, Barclays lifted their price target on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Stock Performance

The stock’s 50-day moving average is $184.35 and its 200 day moving average is $157.61. The stock has a market capitalization of $20.30 billion, a PE ratio of 21.69, a P/E/G ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Hedge Funds Weigh In On Deckers Outdoor

Hedge funds have recently modified their holdings of the business. Siemens Fonds Invest GmbH boosted its stake in Deckers Outdoor by 258.6% during the 4th quarter. Siemens Fonds Invest GmbH now owns 5,874 shares of the textile maker’s stock worth $1,121,000 after purchasing an additional 4,236 shares during the period. Cim LLC raised its holdings in shares of Deckers Outdoor by 11.8% in the fourth quarter. Cim LLC now owns 21,050 shares of the textile maker’s stock valued at $4,275,000 after buying an additional 2,230 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth about $21,531,000. Jefferies Financial Group Inc. purchased a new position in shares of Deckers Outdoor during the fourth quarter worth about $3,678,000. Finally, Integrated Advisors Network LLC acquired a new position in Deckers Outdoor in the 4th quarter valued at about $841,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

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