Deckers Outdoor (NYSE:DECK) Shares Gap Down – Should You Sell?

Deckers Outdoor Co. (NYSE:DECK) gapped down prior to trading on Thursday . The stock had previously closed at $117.98, but opened at $100.15. Deckers Outdoor shares last traded at $98.74, with a volume of 1,395,170 shares changing hands.

Analyst Ratings Changes

DECK has been the topic of a number of research reports. Truist Financial decreased their price target on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Telsey Advisory Group restated an “outperform” rating and set a $240.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. UBS Group lifted their target price on Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Needham & Company LLC reissued a “buy” rating and issued a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Barclays lifted their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Trading Down 14.2 %

The business’s fifty day moving average price is $147.53 and its 200 day moving average price is $170.49. The firm has a market capitalization of $15.36 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating analysts’ consensus estimates 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, sell-side analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Insider Activity

In other news, Director David Powers sold 25,000 shares of the business’s stock in a transaction dated 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 directly owns 241,777 shares in the company, valued at $33,568,318.68. The trade was a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mpwm Advisory Solutions LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $26,000. Headlands Technologies LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter valued at approximately $29,000. Vega Investment Solutions acquired a new stake in shares of Deckers Outdoor during the 4th quarter valued at approximately $29,000. Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter worth approximately $31,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Deckers Outdoor by 250.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after acquiring an additional 120 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

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.