Short Interest in Deckers Outdoor Co. (NYSE:DECK) Drops By 8.1%

Deckers Outdoor Co. (NYSE:DECK) saw a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 3,860,000 shares, a decrease of 8.1% from the October 31st total of 4,200,000 shares. Based on an average daily volume of 1,980,000 shares, the short-interest ratio is presently 1.9 days.

Insider Buying and Selling at Deckers Outdoor

In related news, insider Anne Spangenberg sold 3,882 shares of Deckers Outdoor stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total transaction of $723,721.26. Following the transaction, the insider now owns 67,434 shares of the company’s stock, valued at $12,571,720.62. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bonita C. Stewart sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total transaction of $838,935.00. Following the completion of the sale, the director now directly owns 40,733 shares of the company’s stock, valued at $7,593,853.19. The trade was a 9.95 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 210,492 shares of company stock worth $15,590,797. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Solstein Capital LLC increased its holdings in Deckers Outdoor by 500.0% during the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after buying an additional 135 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Deckers Outdoor by 460.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock worth $27,000 after purchasing an additional 23 shares during the period. Bell Investment Advisors Inc lifted its stake in Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 146 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 200 shares during the period. Finally, Crewe Advisors LLC purchased a new stake in Deckers Outdoor in the second quarter worth $34,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Up 0.5 %

Deckers Outdoor stock traded up $0.95 during trading hours on Tuesday, hitting $202.85. The stock had a trading volume of 2,065,599 shares, compared to its average volume of 2,229,637. The stock has a market cap of $30.82 billion, a price-to-earnings ratio of 35.67, a P/E/G ratio of 2.83 and a beta of 1.08. The business’s 50 day simple moving average is $168.78 and its 200-day simple moving average is $81.90. Deckers Outdoor has a one year low of $108.65 and a one year high of $205.35.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. Deckers Outdoor’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 earnings per share. Research analysts anticipate that Deckers Outdoor will post 5.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DECK shares. Guggenheim assumed coverage on shares of Deckers Outdoor in a research note on Wednesday, October 9th. They issued a “neutral” rating for the company. Telsey Advisory Group upped their price objective on Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Stifel Nicolaus boosted their target price on Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Needham & Company LLC initiated coverage on shares of Deckers Outdoor in a research note on Friday, November 22nd. They set a “buy” rating and a $218.00 price target for the company. Finally, Seaport Res Ptn lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and an average price target of $155.00.

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.