Deckers Outdoor Co. (NYSE:DECK) Sees Significant Growth in Short Interest

Deckers Outdoor Co. (NYSE:DECK) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 3,510,000 shares, a growth of 10.0% from the January 15th total of 3,190,000 shares. Based on an average daily trading volume, of 2,280,000 shares, the short-interest ratio is presently 1.5 days.

Insider Buying and Selling at Deckers Outdoor

In other news, CEO Caroti Stefano sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total value of $2,635,950.00. Following the completion of the sale, the chief executive officer now directly owns 273,540 shares of the company’s stock, valued at approximately $48,069,184.20. This trade represents a 5.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Anne Spangenberg sold 3,882 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $186.43, for a total transaction of $723,721.26. Following the completion of the sale, the insider now directly owns 67,434 shares of the company’s stock, valued at approximately $12,571,720.62. This represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,956 shares of company stock valued at $10,387,731 in the last quarter. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Institutional investors and hedge funds have recently made changes to their positions in the business. Meiji Yasuda Life Insurance Co purchased a new position in Deckers Outdoor during the fourth quarter valued at approximately $8,413,000. Itau Unibanco Holding S.A. lifted its holdings in Deckers Outdoor by 352.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 169 shares in the last quarter. Voleon Capital Management LP purchased a new position in Deckers Outdoor during the fourth quarter valued at approximately $382,000. Utah Retirement Systems lifted its holdings in shares of Deckers Outdoor by 0.4% in the fourth quarter. Utah Retirement Systems now owns 25,136 shares of the textile maker’s stock worth $5,105,000 after buying an additional 100 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its position in shares of Deckers Outdoor by 21.2% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 3,813 shares of the textile maker’s stock worth $774,000 after acquiring an additional 668 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Stifel Nicolaus raised their target price on shares of Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Barclays increased their price target on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a research note on Friday, February 7th. Wells Fargo & Company decreased their price target on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, TD Cowen increased their price target on shares of Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Stock Performance

Shares of DECK stock traded down $3.10 during trading hours on Friday, reaching $155.01. The company had a trading volume of 2,262,871 shares, compared to its average volume of 3,060,403. The business has a fifty day moving average price of $199.09 and a 200-day moving average price of $146.64. Deckers Outdoor has a one year low of $131.39 and a one year high of $223.98. The firm has a market cap of $23.53 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.93 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Equities research analysts forecast that Deckers Outdoor will post 5.89 EPS for the current 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.