Deckers Outdoor (NYSE:DECK) Shares Gap Down – Time to Sell?

Deckers Outdoor Co. (NYSE:DECK) shares gapped down before the market opened on Tuesday . The stock had previously closed at $160.01, but opened at $155.00. Deckers Outdoor shares last traded at $156.03, with a volume of 355,316 shares traded.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. TD Cowen increased their price objective on shares of Deckers Outdoor from $176.00 to $178.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Guggenheim initiated coverage on shares of Deckers Outdoor in a research note on Wednesday, October 9th. They issued a “neutral” rating on the stock. Wells Fargo & Company reduced their target price on shares of Deckers Outdoor from $1,000.00 to $165.00 and set an “equal weight” rating for the company in a report on Monday, September 23rd. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a report on Thursday, October 17th. Finally, StockNews.com lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and an average target price of $114.57.

Deckers Outdoor Stock Performance

The company has a market cap of $3.95 billion, a price-to-earnings ratio of 5.31, a PEG ratio of 2.85 and a beta of 1.05. The business’s 50 day moving average price is $94.70 and its 200-day moving average price is $49.87.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The company had revenue of $825.30 million during the quarter, compared to analysts’ expectations of $808.40 million. During the same quarter in the prior year, the company posted $0.07 EPS. The business’s revenue was up 22.1% on a year-over-year basis. On average, equities research analysts expect that Deckers Outdoor Co. will post 5.22 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, CFO Steven J. Fasching sold 9,198 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the sale, the chief financial officer now owns 161,838 shares of the company’s stock, valued at $26,973,539.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director David Powers sold 140,832 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $23.97, for a total value of $3,376,368.96. Following the sale, the director now directly owns 2,450,808 shares in the company, valued at $58,756,760.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Steven J. Fasching sold 9,198 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the sale, the chief financial officer now owns 161,838 shares in the company, valued at $26,973,539.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Institutional Trading of Deckers Outdoor

Several hedge funds have recently bought and sold shares of the stock. Ballentine Partners LLC bought a new position in shares of Deckers Outdoor during the 1st quarter worth approximately $277,000. Gateway Investment Advisers LLC bought a new position in shares of Deckers Outdoor in the first quarter valued at $483,000. Sunbelt Securities Inc. grew its stake in shares of Deckers Outdoor by 958.3% in the first quarter. Sunbelt Securities Inc. now owns 254 shares of the textile maker’s stock valued at $239,000 after buying an additional 230 shares in the last quarter. Sage Investment Advisers LLC bought a new position in shares of Deckers Outdoor in the first quarter valued at $224,000. Finally, Janiczek Wealth Management LLC grew its stake in shares of Deckers Outdoor by 69.9% in the first quarter. Janiczek Wealth Management LLC now owns 158 shares of the textile maker’s stock valued at $149,000 after buying an additional 65 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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.