Deckers Outdoor Corp (DECK) CFO Sells $712,275.00 in Stock

Deckers Outdoor Corp (NYSE:DECK) CFO Thomas George sold 7,500 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $94.97, for a total transaction of $712,275.00. Following the transaction, the chief financial officer now directly owns 41,493 shares in the company, valued at approximately $3,940,590.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Deckers Outdoor Corp (NYSE:DECK) traded down $2.58 during trading on Thursday, reaching $93.11. 525,620 shares of the company traded hands, compared to its average volume of 761,625. Deckers Outdoor Corp has a 12-month low of $49.78 and a 12-month high of $98.62. The stock has a market cap of $3,036.33, a P/E ratio of 39.54, a price-to-earnings-growth ratio of 1.51 and a beta of 1.32. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.25 and a quick ratio of 2.16.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, February 1st. The textile maker reported $4.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.84 by $1.13. Deckers Outdoor had a net margin of 4.17% and a return on equity of 17.72%. The firm had revenue of $810.50 million for the quarter, compared to the consensus estimate of $748.38 million. During the same quarter in the previous year, the firm posted $4.11 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. sell-side analysts predict that Deckers Outdoor Corp will post 5.43 earnings per share for the current year.

Deckers Outdoor announced that its board has initiated a stock buyback program on Thursday, October 26th that permits the company to buyback $335.00 million in outstanding shares. This buyback authorization permits the textile maker to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC grew its holdings in Deckers Outdoor by 2.2% during the 2nd quarter. Teachers Advisors LLC now owns 57,246 shares of the textile maker’s stock worth $3,908,000 after acquiring an additional 1,259 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Deckers Outdoor by 91.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock worth $175,000 after acquiring an additional 1,213 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in Deckers Outdoor by 7.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,460 shares of the textile maker’s stock worth $441,000 after acquiring an additional 440 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Deckers Outdoor by 92.7% during the 2nd quarter. New York State Common Retirement Fund now owns 68,230 shares of the textile maker’s stock worth $4,657,000 after acquiring an additional 32,829 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in Deckers Outdoor by 3.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 23,309 shares of the textile maker’s stock worth $1,591,000 after acquiring an additional 844 shares in the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

DECK has been the topic of a number of research reports. Zacks Investment Research raised shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating and set a $109.00 target price on the stock in a research note on Tuesday. Canaccord Genuity raised their target price on shares of Deckers Outdoor from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday. Buckingham Research raised their target price on shares of Deckers Outdoor from $73.00 to $89.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Stifel Nicolaus raised their target price on shares of Deckers Outdoor from $93.00 to $107.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Robert W. Baird raised shares of Deckers Outdoor from a “neutral” rating to a “positive” rating and raised their target price for the company from $87.00 to $108.00 in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $87.43.

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About Deckers Outdoor

Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.

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