Investors Buy Large Volume of Deckers Outdoor Put Options (NYSE:DECK)

Deckers Outdoor Co. (NYSE:DECK) was the target of some unusual options trading activity on Thursday. Stock traders acquired 32,762 put options on the company. This represents an increase of 236% compared to the average volume of 9,747 put options.

Analysts Set New Price Targets

A number of brokerages have issued reports on DECK. Citigroup upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a research report on Friday, February 7th. Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Robert W. Baird upped their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Telsey Advisory Group reiterated an “outperform” rating and set a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Evercore ISI raised their target price on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $115.67 on Friday. The firm has a 50 day simple moving average of $164.02 and a 200-day simple moving average of $163.72. The stock has a market cap of $17.56 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. Deckers Outdoor has a 1-year low of $115.00 and a 1-year high of $223.98.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Equities analysts expect that Deckers Outdoor will post 5.89 earnings per share for the current fiscal year.

Insider Activity

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the transaction, the director now directly owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. The trade was a 9.37 % 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. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the sale, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Deckers Outdoor

Several institutional investors and hedge funds have recently bought and sold shares of DECK. California State Teachers Retirement System raised its stake in shares of Deckers Outdoor by 1.9% in the 4th quarter. California State Teachers Retirement System now owns 244,605 shares of the textile maker’s stock valued at $49,677,000 after acquiring an additional 4,576 shares during the period. 111 Capital acquired a new stake in Deckers Outdoor in the 4th quarter valued at approximately $580,000. Wealth Enhancement Advisory Services LLC raised its position in Deckers Outdoor by 113.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,094 shares of the textile maker’s stock valued at $14,032,000 after purchasing an additional 36,712 shares during the period. Siemens Fonds Invest GmbH lifted its stake in Deckers Outdoor by 258.6% during the fourth quarter. Siemens Fonds Invest GmbH now owns 5,874 shares of the textile maker’s stock worth $1,121,000 after purchasing an additional 4,236 shares in the last quarter. Finally, Cim LLC boosted its position in shares of Deckers Outdoor by 11.8% during the fourth quarter. Cim LLC now owns 21,050 shares of the textile maker’s stock worth $4,275,000 after buying an additional 2,230 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

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.