Deckers Outdoor Co. (NYSE:DECK) Short Interest Up 13.5% in July

Deckers Outdoor Co. (NYSE:DECK) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 978,700 shares, a growth of 13.5% from the June 30th total of 862,300 shares. Based on an average trading volume of 347,000 shares, the short-interest ratio is presently 2.8 days. Approximately 3.9% of the shares of the stock are short sold.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 153 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $1,077.93, for a total value of $164,923.29. Following the sale, the insider now directly owns 3,779 shares in the company, valued at $4,073,497.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Deckers Outdoor news, insider Thomas Garcia sold 4,000 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $1,074.86, for a total value of $4,299,440.00. Following the transaction, the insider now owns 11,654 shares of the company’s stock, valued at $12,526,418.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Angela Ogbechie sold 153 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $1,077.93, for a total value of $164,923.29. Following the completion of the transaction, the insider now directly owns 3,779 shares in the company, valued at approximately $4,073,497.47. The disclosure for this sale can be found here. Insiders have sold 22,108 shares of company stock worth $23,919,671 over the last three months. Company insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

Several hedge funds have recently added to or reduced their stakes in DECK. Handelsbanken Fonder AB lifted its position in shares of Deckers Outdoor by 12.4% during the 4th quarter. Handelsbanken Fonder AB now owns 5,444 shares of the textile maker’s stock valued at $3,639,000 after acquiring an additional 600 shares during the period. Chevy Chase Trust Holdings LLC lifted its position in shares of Deckers Outdoor by 285.2% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 17,853 shares of the textile maker’s stock valued at $16,804,000 after acquiring an additional 13,218 shares during the period. Intrust Bank NA lifted its position in shares of Deckers Outdoor by 1.3% during the 4th quarter. Intrust Bank NA now owns 2,956 shares of the textile maker’s stock valued at $1,976,000 after acquiring an additional 38 shares during the period. Cim LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter valued at $2,311,000. Finally, Advisors Preferred LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter valued at $2,271,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

NYSE:DECK traded up $11.40 during mid-day trading on Wednesday, hitting $922.63. 293,207 shares of the stock were exchanged, compared to its average volume of 404,670. The stock has a market capitalization of $23.44 billion, a price-to-earnings ratio of 31.11, a price-to-earnings-growth ratio of 2.71 and a beta of 1.06. The firm’s 50-day simple moving average is $971.22 and its 200 day simple moving average is $895.73. Deckers Outdoor has a fifty-two week low of $484.02 and a fifty-two week high of $1,106.89.

Deckers Outdoor shares are going to split before the market opens on Tuesday, September 17th. The 6-1 split was announced on Tuesday, September 17th. The newly created shares will be issued to shareholders after the closing bell on Tuesday, September 17th.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported $4.52 earnings per share for the quarter, topping the consensus estimate of $3.59 by $0.93. The business had revenue of $825.30 million during the quarter, compared to analysts’ expectations of $808.40 million. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the firm posted $2.41 EPS. On average, analysts predict that Deckers Outdoor will post 31.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DECK. Robert W. Baird increased their target price on Deckers Outdoor from $1,050.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Stifel Nicolaus increased their target price on Deckers Outdoor from $825.00 to $887.00 and gave the company a “hold” rating in a research note on Friday, July 26th. KeyCorp raised their price target on Deckers Outdoor from $960.00 to $1,015.00 and gave the stock an “overweight” rating in a research report on Friday, May 24th. Wedbush reaffirmed an “outperform” rating and set a $1,030.00 price target on shares of Deckers Outdoor in a research report on Friday, July 26th. Finally, Bank of America raised their price target on Deckers Outdoor from $860.00 to $1,020.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,040.13.

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.