Deckers Outdoor Corp (NYSE:DECK), a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, has reported an insider sale according to a recent SEC filing. Chief Supply Chain Officer Angela Ogbechie sold 313 shares of the company on February 9, 2024.
Deckers Outdoor Corp is known for its portfolio of brands including UGG, Koolaburra, HOKA ONE ONE, Teva, and Sanuk. The company's products are sold in more than 50 countries and territories through select department and specialty stores, company-owned and operated retail stores, and online.
According to the SEC Filing, the insider executed the sale at an average price of $844.13 per share, which resulted in a transaction amount of approximately $264,211.29.
Over the past year, Angela Ogbechie has sold a total of 687 shares of Deckers Outdoor Corp and has not made any purchases of the stock. The insider's recent transaction follows a pattern observed within the company's insider trading history. Over the last year, there have been no insider purchases and 14 insider sales.
The market capitalization of Deckers Outdoor Corp stands at $21.681 billion, reflecting the company's significant presence in the industry. The stock's price-earnings ratio is currently 30.38, which is above both the industry median of 18.86 and the company's historical median price-earnings ratio.
Deckers Outdoor Corp's stock price of $844.13, when compared to the GuruFocus Value (GF Value) of $573.11, indicates a price-to-GF-Value ratio of 1.47. This suggests that the stock is significantly overvalued according to the GF Value metric.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
The insider's decision to sell shares of Deckers Outdoor Corp may be of interest to investors and market watchers, as it provides insight into the insider's perspective on the company's valuation and future prospects.
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.
