Deckers Outdoor Corp President & CEO David Powers Sells 17,978 Shares
David Powers, President & CEO of Deckers Outdoor Corp (NYSE:DECK), sold 17,978 shares of the company on January 16, 2024, according to a recent SEC filing. The transaction was executed at an average price of $716.52 per share, resulting in a total value of $12,883,806.56.
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, Koolaburra, HOKA ONE ONE, Teva, and Sanuk.
Over the past year, the insider has sold a total of 60,335 shares of Deckers Outdoor Corp and has not made any purchases. The insider transaction history for the company shows a pattern of 12 insider sells and no insider buys over the same timeframe.
Shares of Deckers Outdoor Corp were trading at $716.52 on the day of the insider's recent sale, giving the company a market capitalization of $18.641 billion.
The stock's price-earnings ratio stands at 31.27, which is above the industry median of 19.14 and also exceeds the company's historical median price-earnings ratio.
According to the GuruFocus Value chart, with a current price of $716.52 and a GF Value of $547.68, Deckers Outdoor Corp's price-to-GF-Value ratio is 1.31, indicating that the stock is significantly overvalued based on its GF Value.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on the company's 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.
