Deckers Outdoor Co. (NYSE:DECK) Short Interest Down 14.2% in March

Deckers Outdoor Co. (NYSE:DECK) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 909,600 shares, a decrease of 14.2% from the March 15th total of 1,060,000 shares. Based on an average trading volume of 438,600 shares, the days-to-cover ratio is currently 2.1 days. Approximately 3.6% of the company’s shares are short sold.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Piper Sandler increased their target price on shares of Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Wells Fargo & Company increased their price target on shares of Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Barclays started coverage on shares of Deckers Outdoor in a research report on Monday, April 1st. They set an “overweight” rating and a $1,110.00 price target for the company. Raymond James increased their price target on shares of Deckers Outdoor from $585.00 to $845.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $930.00 price target on shares of Deckers Outdoor in a research report on Thursday, February 15th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average target price of $870.93.

Insider Activity

In other news, insider Angela Ogbechie sold 313 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the sale, the insider now owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Deckers Outdoor news, Director Bonita C. Stewart sold 3,500 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $871.11, for a total transaction of $3,048,885.00. Following the transaction, the director now directly owns 8,863 shares in the company, valued at approximately $7,720,647.93. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Angela Ogbechie sold 313 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $844.13, for a total transaction of $264,212.69. Following the transaction, the insider now owns 4,027 shares in the company, valued at $3,399,311.51. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,471 shares of company stock valued at $21,290,792. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of hedge funds and other institutional investors have recently made changes to their positions in DECK. FinTrust Capital Advisors LLC grew its stake in shares of Deckers Outdoor by 437.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after purchasing an additional 35 shares during the period. Anchor Investment Management LLC acquired a new stake in Deckers Outdoor in the 4th quarter valued at $33,000. Contravisory Investment Management Inc. acquired a new stake in Deckers Outdoor in the 1st quarter valued at $36,000. FSC Wealth Advisors LLC acquired a new stake in Deckers Outdoor in the 4th quarter valued at $39,000. Finally, Ritter Daniher Financial Advisory LLC DE grew its stake in Deckers Outdoor by 170.0% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock valued at $42,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Trading Up 0.1 %

DECK opened at $815.38 on Tuesday. Deckers Outdoor has a 12-month low of $424.36 and a 12-month high of $956.17. The firm has a market capitalization of $20.93 billion, a PE ratio of 29.33, a P/E/G ratio of 1.44 and a beta of 1.01. The firm has a 50 day moving average of $886.73 and a two-hundred day moving average of $730.11.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, topping analysts’ consensus estimates of $11.40 by $3.71. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company earned $10.48 EPS. As a group, analysts predict that Deckers Outdoor will post 26.87 EPS for the current fiscal year.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.