Deckers Outdoor Sees Unusually Large Options Volume (NYSE:DECK)

Deckers Outdoor Co. (NYSE:DECK) was the recipient of unusually large options trading on Monday. Stock traders acquired 12,173 call options on the stock. This represents an increase of 91% compared to the typical volume of 6,388 call options.

Deckers Outdoor Stock Performance

NYSE DECK opened at $170.42 on Tuesday. The stock has a market cap of $25.89 billion, a PE ratio of 27.63, a PEG ratio of 1.85 and a beta of 1.07. The firm has a 50-day simple moving average of $205.90 and a 200 day simple moving average of $137.68. Deckers Outdoor has a twelve month low of $131.39 and a twelve month high of $223.98.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Research analysts forecast that Deckers Outdoor will post 5.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. UBS Group upped their price target on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research note on Friday. Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a report on Friday. Robert W. Baird raised their price target on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Citigroup lifted their price objective on Deckers Outdoor from $178.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Finally, Telsey Advisory Group restated an “outperform” rating and set a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Insiders Place Their Bets

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the sale, the chief executive officer now directly owns 259,266 shares in the company, valued at $54,015,478.44. The trade was a 5.22 % 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 dated Friday, November 8th. The stock was sold at an average price of $175.00, for a total value of $1,540,350.00. Following the transaction, the chief financial officer now owns 153,036 shares of the company’s stock, valued at approximately $26,781,300. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,758 shares of company stock worth $13,506,861 over the last three months. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sigma Planning Corp purchased a new position in Deckers Outdoor in the fourth quarter valued at about $294,000. Navellier & Associates Inc. boosted its position in shares of Deckers Outdoor by 6.4% during the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker’s stock valued at $6,053,000 after acquiring an additional 1,791 shares during the last quarter. Peregrine Asset Advisers Inc. purchased a new stake in Deckers Outdoor in the fourth quarter worth $214,000. Paradigm Asset Management Co. LLC acquired a new stake in Deckers Outdoor in the fourth quarter worth about $122,000. Finally, Suncoast Equity Management raised its position in Deckers Outdoor by 10.1% during the fourth quarter. Suncoast Equity Management now owns 9,761 shares of the textile maker’s stock valued at $1,982,000 after acquiring an additional 894 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.