Deckers Outdoor Target of Unusually Large Options Trading (NYSE:DECK)

Deckers Outdoor Co. (NYSE:DECK) was the target of unusually large options trading activity on Tuesday. Investors purchased 3,956 call options on the stock. This is an increase of approximately 133% compared to the average daily volume of 1,696 call options.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DECK. Robert W. Baird upped their price target on Deckers Outdoor from $29.17 to $29.86 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Barclays dropped their price objective on shares of Deckers Outdoor from $1,090.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. TD Cowen upped their price target on shares of Deckers Outdoor from $176.00 to $178.00 and gave the company a “buy” rating in a report on Monday, October 14th. StockNews.com lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 25th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $28.61 price target on shares of Deckers Outdoor in a report on Friday, July 26th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and an average price target of $114.57.

Insiders Place Their Bets

In other news, CFO Steven J. Fasching sold 9,198 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the transaction, the chief financial officer now directly owns 161,838 shares of the company’s stock, valued at approximately $26,973,539.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Steven J. Fasching sold 9,198 shares of Deckers Outdoor stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the transaction, the chief financial officer now directly owns 161,838 shares of the company’s stock, valued at $26,973,539.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David Powers sold 140,832 shares of Deckers Outdoor stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the transaction, the director now directly owns 2,450,808 shares in the company, valued at approximately $58,756,760.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Deckers Outdoor

A number of hedge funds have recently made changes to their positions in DECK. Whittier Trust Co. of Nevada Inc. boosted its position 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 valued at $27,000 after buying an additional 23 shares during the period. Crewe Advisors LLC purchased a new position in Deckers Outdoor in the 2nd quarter valued at approximately $34,000. Whittier Trust Co. boosted its position in Deckers Outdoor by 338.1% in the 3rd quarter. Whittier Trust Co. now owns 276 shares of the textile maker’s stock valued at $44,000 after buying an additional 213 shares during the period. EntryPoint Capital LLC boosted its position in Deckers Outdoor by 256.3% in the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock valued at $54,000 after buying an additional 41 shares during the period. Finally, Rise Advisors LLC boosted its position in Deckers Outdoor by 500.0% in the 3rd quarter. Rise Advisors LLC now owns 390 shares of the textile maker’s stock valued at $62,000 after buying an additional 325 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $154.05 on Wednesday. The firm has a 50 day simple moving average of $97.25 and a 200-day simple moving average of $50.78. Deckers Outdoor has a 1-year low of $80.67 and a 1-year high of $184.48. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 5.26, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $825.30 million during the quarter, compared to analysts’ expectations of $808.40 million. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 EPS. Equities analysts expect that Deckers Outdoor will post 5.22 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.