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

Deckers Outdoor Co. (NYSE:DECK) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 3,640,000 shares, a decrease of 5.7% from the November 15th total of 3,860,000 shares. Based on an average trading volume of 1,950,000 shares, the days-to-cover ratio is currently 1.9 days.

Insider Activity

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,278 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the transaction, the insider now owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This represents a 4.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 84,234 shares of company stock valued at $15,248,513 in the last ninety days. 0.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Deckers Outdoor

Several institutional investors have recently bought and sold shares of DECK. Solstein Capital LLC raised its holdings in Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 135 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Deckers Outdoor by 460.0% in the second 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 increased its holdings in shares of Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Deckers Outdoor by 2,000.0% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares during the period. Finally, Crewe Advisors LLC bought a new position in shares of Deckers Outdoor in the second quarter worth $34,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on DECK shares. Seaport Res Ptn lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. StockNews.com lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. KeyCorp increased their target price on Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Bank of America increased their target price on Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Barclays increased their target price on Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor currently has an average rating of “Moderate Buy” and a consensus target price of $158.59.

Deckers Outdoor Trading Down 1.5 %

Deckers Outdoor stock traded down $3.13 during midday trading on Tuesday, reaching $207.99. The stock had a trading volume of 466,475 shares, compared to its average volume of 2,200,164. Deckers Outdoor has a 12 month low of $108.65 and a 12 month high of $213.03. The company has a market capitalization of $31.60 billion, a P/E ratio of 37.11, a PEG ratio of 2.87 and a beta of 1.08. The company has a fifty day moving average price of $176.88 and a two-hundred day moving average price of $93.07.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the business earned $1.14 earnings per share. Deckers Outdoor’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, equities research analysts predict that Deckers Outdoor will post 5.49 earnings per share for the current fiscal year.

About Deckers Outdoor

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.