Deckers Outdoor Corp 's (NYSE:DECK) Chief Administrative Officer, Thomas Garcia, has sold a total of $4.3 million worth of company shares, according to a recent filing with the Securities and Exchange Commission. The transaction, involving 4,000 shares of common stock, took place on May 29, 2024.
The shares were sold in multiple transactions at prices ranging from $1071.70 to $1077.56 per share. Following the sale, Garcia's remaining ownership in the company stands at 11,654 shares of common stock.
Deckers Outdoor Corp, known for its footwear and apparel brands, has not made any official comment regarding the transaction. The details of the sale, including the exact number of shares sold at each price point within the range, have been made available upon request to the company, any security holder, or the SEC staff, as indicated in the filing's footnote.
This move by a high-ranking executive at Deckers Outdoor Corp comes as the latest financial information for investors tracking insider transactions within the company. The sale represents a significant change in Garcia's stake in the company and is a notable event for shareholders and potential investors.
InvestingPro Insights
Amidst the recent insider selling at Deckers Outdoor Corp (NYSE:DECK), investors may be seeking additional context to understand the company's financial health and future outlook. Here are key insights derived from InvestingPro data and tips:
The company boasts a strong market capitalization of $27.46 billion and has demonstrated robust revenue growth over the last twelve months as of Q4 2024, with an increase of 18.21%. This growth trajectory is further emphasized by a quarterly revenue growth of 21.25% in Q4 2024. Deckers Outdoor's gross profit margin stands at an impressive 55.63%, showcasing the company's ability to maintain profitability.
InvestingPro Tips suggest that Deckers Outdoor holds more cash than debt on its balance sheet, which is a positive sign of financial stability. Additionally, 12 analysts have revised their earnings upwards for the upcoming period, indicating potential optimism about the company's future performance. For investors considering the stock's valuation, Deckers Outdoor is trading at a Price to Earnings (P/E) ratio of 36.67, which is relatively low compared to its near-term earnings growth.
For those interested in further analysis and tips, there are 20 additional InvestingPro Tips available at Investing.com/pro/DECK. Using the coupon code PRONEWS24, readers can receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking a wealth of information to guide investment decisions.
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