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GOLETA, Calif.—Ibrahim Maha Saleh, a director at Deckers Outdoor Corp (NYSE:DECK), recently sold shares of the company amid a challenging period for the stock, which has declined 35% year-to-date and is currently trading near its 52-week low. According to a Form 4 filing with the Securities and Exchange Commission, Saleh sold a total of 300 shares of common stock on March 6, 2025. The transactions were executed at prices ranging from $132.23 to $136.98 per share, amounting to a total value of approximately $40,344. Despite the recent price decline, InvestingPro analysis shows the company maintains strong fundamentals with more cash than debt and excellent liquidity ratios.
Following these transactions, Saleh holds 10,388 shares of Deckers Outdoor Corp. The sales were conducted as part of a pre-established Rule 10b5-1 Trading Plan. This allows insiders to set up a predetermined plan to sell company stock, helping to avoid concerns about insider trading. With a perfect Piotroski Score of 9 and strong cash flows, InvestingPro subscribers can access 15 additional key insights about DECK’s financial health and valuation metrics in the comprehensive Pro Research Report.
In other recent news, Deckers Outdoor Corporation reported strong financial results for the third quarter of fiscal year 2025, with earnings per share (EPS) of $3.00, significantly surpassing the forecasted $2.46. The company achieved revenue of $1.83 billion, exceeding the anticipated $1.7 billion, marking a 17% year-over-year increase. Despite these positive results, Deckers’ stock price saw a sharp decline in aftermarket trading. The company has raised its full-year revenue guidance to over $4.9 billion, indicating a 15% growth. CFRA recently upgraded Deckers Outdoor’s stock rating from Sell to Buy, setting a price target of $168, citing the company’s solid growth trajectory and margin profile. Additionally, Citi reaffirmed a Buy rating with a price target of $215, expressing optimism about the demand for the HOKA and UGG brands. Deckers continues to hold a strong financial position with a $2.2 billion cash reserve and has initiated share repurchases to enhance shareholder value.
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