Deckers Outdoor Corp President & CEO David Powers Sells 5,993 Shares
On February 15, 2024, David Powers, President & CEO of Deckers Outdoor Corp (NYSE:DECK), executed a sale of 5,993 shares of the company. The transaction was filed with the SEC and can be found through this SEC Filing.
Deckers Outdoor Corp is a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. The company's portfolio of brands includes UGG, Teva, Sanuk, and others, which are sold in more than 50 countries worldwide.
Over the past year, the insider has sold a total of 66,328 shares and has not made any purchases. This latest transaction continues a trend of insider sales for the company, with a total of 15 insider sells and no insider buys occurring over the past year.
On the day of the sale, shares of Deckers Outdoor Corp were trading at $862.53, giving the company a market capitalization of $22.151 billion. The price-earnings ratio at the time was 31.04, which is above both the industry median of 19.475 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio was 1.5, with a share price of $862.53 and a GuruFocus Value of $573.60, indicating that Deckers Outdoor Corp was significantly overvalued according to the GF Value metric.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
