Investors Purchase High Volume of Call Options on Deckers Outdoor (NYSE:DECK)

Deckers Outdoor Co. (NYSE:DECK) was the target of some unusual options trading on Friday. Traders purchased 4,325 call options on the company. This represents an increase of 310% compared to the average daily volume of 1,056 call options.

Insider Activity

In other Deckers Outdoor news, Director David Powers sold 140,832 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now directly owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

Hedge funds and other institutional investors have recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Deckers Outdoor by 1,559.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,100 shares of the textile maker’s stock worth $3,969,000 after purchasing an additional 3,853 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Deckers Outdoor during the 2nd quarter worth $5,052,000. Kestra Investment Management LLC purchased a new stake in Deckers Outdoor in the second quarter valued at $662,000. Clearbridge Investments LLC acquired a new position in Deckers Outdoor in the second quarter valued at $1,381,000. Finally, New Century Financial Group LLC boosted its stake in Deckers Outdoor by 91.0% in the second quarter. New Century Financial Group LLC now owns 892 shares of the textile maker’s stock valued at $863,000 after acquiring an additional 425 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DECK has been the subject of several recent analyst reports. BTIG Research raised their target price on Deckers Outdoor from $31.11 to $33.33 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Barclays decreased their target price on shares of Deckers Outdoor from $1,090.00 to $180.00 and set an “overweight” rating on the stock in a research report on Friday. StockNews.com upgraded shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. UBS Group upped their price objective on shares of Deckers Outdoor from $35.14 to $37.50 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Evercore ISI dropped their target price on shares of Deckers Outdoor from $30.83 to $30.56 and set an “outperform” rating for the company in a report on Monday, July 15th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $46.42.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock traded down $2.52 on Friday, reaching $149.59. 577,729 shares of the company were exchanged, compared to its average volume of 2,277,299. The stock’s 50 day moving average price is $35.66 and its 200-day moving average price is $29.17. The company has a market cap of $3.81 billion, a P/E ratio of 5.11, a price-to-earnings-growth ratio of 2.66 and a beta of 1.05. Deckers Outdoor has a 1-year low of $80.67 and a 1-year high of $184.48.

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

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.