Deckers Outdoor Corp 's (NYSE:DECK) Chief Supply Chain Officer, Angela Ogbechie, recently sold company shares, according to a new SEC filing. The transaction involved a total of 153 shares at an average price of $1077.93, resulting in over $164,000 in proceeds.
The sale took place on May 31, 2024, with share prices ranging from $1,066.29 to $1,086.88. Following the transaction, Ogbechie's holdings in Deckers Outdoor Corp decreased to 3,779 shares of common stock. The sales were conducted under a prearranged 10b5-1 trading plan, a tool that allows insiders to set up a predetermined schedule for buying or selling stock and is meant to prevent any accusations of trading on nonpublic information.
Investors often monitor insider transactions as they provide insights into how executives perceive the company's stock value and future performance. However, it is important to note that these transactions do not necessarily indicate a change in company fundamentals, and could be motivated by a variety of personal financial considerations.
Deckers Outdoor Corp, known for its footwear and apparel, is headquartered in Goleta, California. The company's stock is traded under the ticker symbol DECK on the New York Stock Exchange.
InvestingPro Insights
Deckers Outdoor Corp (NYSE:DECK) has been a topic of discussion lately, not only due to insider transactions but also because of its financial performance and market valuation. According to InvestingPro data, Deckers holds a market capitalization of $27.66 billion and is trading at a P/E ratio of 36.87, with a slight adjustment to 36.07 when considering the last twelve months as of Q4 2024. The company's revenue growth is also notable, with an 18.21% increase in the last twelve months as of Q4 2024, and a quarterly revenue growth of 21.25% in Q4 2024.
An InvestingPro Tip highlights that Deckers Outdoor Corp is trading at a high earnings multiple, which may be of interest to investors looking for growth stocks. Additionally, the company has been profitable over the last twelve months, which is a positive sign for potential investors. With the next earnings date slated for July 25, 2024, analysts and investors will be keen to see if the company's financial trajectory aligns with its stock performance.
For those considering an investment in Deckers Outdoor Corp, it is worth noting that the company's shares are trading near their 52-week high, at 98.21% of the peak. This could indicate strong market confidence or, conversely, suggest caution if the stock is perceived as overvalued. The company's strong returns over the last year, with a 127.9% price total return, certainly make it a stock to watch.
For a deeper analysis and additional InvestingPro Tips, visit https://www.investing.com/pro/DECK. There are 19 more InvestingPro Tips available for Deckers Outdoor Corp, providing a comprehensive outlook for investors. To access these insights, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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