Short Interest in Deckers Outdoor Co. (NYSE:DECK) Decreases By 10.0%

Deckers Outdoor Co. (NYSE:DECK) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 846,600 shares, a decline of 10.0% from the August 15th total of 940,700 shares. Based on an average daily volume of 349,000 shares, the short-interest ratio is presently 2.4 days. Approximately 3.4% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DECK shares. Truist Financial boosted their price target on Deckers Outdoor from $33.33 to $34.03 and gave the stock a “buy” rating in a research report on Friday, July 26th. TD Cowen boosted their price target on Deckers Outdoor from $28.86 to $29.31 and gave the stock a “buy” rating in a research report on Friday, July 26th. StockNews.com raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Telsey Advisory Group reissued an “outperform” rating and set a $30.56 price target on shares of Deckers Outdoor in a research report on Friday, July 26th. Finally, Evercore ISI dropped their price objective on Deckers Outdoor from $30.83 to $30.56 and set an “outperform” rating on the stock in a report on Monday, July 15th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average target price of $37.06.

Deckers Outdoor Stock Up 1.4 %

NYSE DECK traded up $2.13 during trading hours on Wednesday, hitting $157.23. The company had a trading volume of 1,363,259 shares, compared to its average volume of 2,287,177. Deckers Outdoor has a fifty-two week low of $80.67 and a fifty-two week high of $184.48. The business has a fifty day simple moving average of $33.11 and a 200-day simple moving average of $28.31. The firm has a market cap of $4.00 billion, a P/E ratio of 5.37, a price-to-earnings-growth ratio of 2.66 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The company had revenue of $825.30 million during the quarter, compared to analysts’ expectations of $808.40 million. During the same quarter in the prior year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. Equities analysts forecast that Deckers Outdoor will post 31.6 EPS for the current fiscal year.

Insider Activity

In other news, Director David Powers sold 140,832 shares of Deckers Outdoor stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $23.97, for a total value of $3,376,368.96. Following the transaction, the director now directly owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its stake in 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 acquiring an additional 23 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of Deckers Outdoor during the 2nd quarter worth about $34,000. Contravisory Investment Management Inc. purchased a new stake in shares of Deckers Outdoor during the 1st quarter worth about $36,000. FinTrust Capital Advisors LLC raised its stake in shares of Deckers Outdoor by 437.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after purchasing an additional 35 shares in the last quarter. Finally, EntryPoint Capital LLC raised its stake in shares of Deckers Outdoor by 256.3% during the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock worth $54,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.