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

Deckers Outdoor Co. (NYSE:DECK) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 3,510,000 shares, an increase of 10.0% from the January 15th total of 3,190,000 shares. Based on an average trading volume of 2,280,000 shares, the days-to-cover ratio is presently 1.5 days.

Wall Street Analysts Forecast Growth

DECK has been the topic of a number of research reports. Bank of America upped their price target on Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Citigroup raised Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a report on Friday, February 7th. Jefferies Financial Group lifted their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Robert W. Baird boosted their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Trading Down 2.0 %

NYSE DECK opened at $155.01 on Tuesday. The company has a 50-day moving average price of $198.16 and a two-hundred day moving average price of $148.40. The stock has a market cap of $23.53 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 1.93 and a beta of 1.07. Deckers Outdoor has a 52 week low of $131.39 and a 52 week 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, beating 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%. As a group, equities research analysts expect that Deckers Outdoor will post 5.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Anne Spangenberg sold 3,882 shares of Deckers Outdoor stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $186.43, for a total value of $723,721.26. Following the completion of the transaction, the insider now owns 67,434 shares in the company, valued at $12,571,720.62. The trade was a 5.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at $54,015,478.44. The trade was a 5.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,956 shares of company stock valued at $4,596,741. 0.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Solstein Capital LLC grew its position in Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Bell Investment Advisors Inc raised its stake in shares of Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after acquiring an additional 146 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth about $29,000. Global Trust Asset Management LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth about $31,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

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.