Deckers Outdoor Co. (NYSE:DECK) Short Interest Update

Deckers Outdoor Co. (NYSE:DECK) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 4,200,000 shares, a decrease of 10.1% from the October 15th total of 4,670,000 shares. Based on an average trading volume of 1,910,000 shares, the days-to-cover ratio is currently 2.2 days.

Deckers Outdoor Trading Down 0.1 %

NYSE DECK traded down $0.18 during trading on Tuesday, reaching $176.27. The company’s stock had a trading volume of 988,972 shares, compared to its average volume of 2,233,571. Deckers Outdoor has a 1-year low of $103.37 and a 1-year high of $184.48. The business has a 50-day moving average price of $148.33 and a 200-day moving average price of $69.15. The stock has a market capitalization of $26.78 billion, a PE ratio of 31.06, a PEG ratio of 2.47 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 earnings per share. As a group, analysts expect that Deckers Outdoor will post 5.48 earnings per share for the current year.

Insider Activity

In related news, insider Angela Ogbechie sold 1,278 shares of the 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Steven J. Fasching sold 8,802 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $175.00, for a total transaction of $1,540,350.00. Following the sale, the chief financial officer now directly owns 153,036 shares in the company, valued at approximately $26,781,300. The trade was a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 169,110 shares of company stock valued at $8,237,150 in the last ninety days. 0.40% of the stock is owned by insiders.

Institutional Trading of Deckers Outdoor

Institutional investors have recently made changes to their positions in the business. FMR LLC increased its stake in shares of Deckers Outdoor by 499.2% during the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock worth $3,646,539,000 after purchasing an additional 19,053,113 shares during the period. State Street Corp raised its stake in Deckers Outdoor by 513.8% during the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after buying an additional 5,511,513 shares during the period. Geode Capital Management LLC raised its position in Deckers Outdoor by 509.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock valued at $646,316,000 after buying an additional 3,393,420 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Deckers Outdoor by 529.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock valued at $203,674,000 after purchasing an additional 1,074,263 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in Deckers Outdoor by 904.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,011,073 shares of the textile maker’s stock valued at $161,216,000 after acquiring an additional 910,430 shares during the period. Institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DECK shares. TD Cowen boosted their target price on Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Robert W. Baird increased their price objective on shares of Deckers Outdoor from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Telsey Advisory Group increased their target price on Deckers Outdoor from $183.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Wedbush restated an “outperform” rating and set a $28.61 target price on shares of Deckers Outdoor in a research note on Friday, July 26th. Finally, Barclays increased their price objective on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $149.50.

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.