Deckers Outdoor Co. (NYSE:DECK) Short Interest Up 554.4% in September

Deckers Outdoor Co. (NYSE:DECK) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 5,540,000 shares, a growth of 554.4% from the August 31st total of 846,600 shares. Based on an average daily volume of 2,090,000 shares, the short-interest ratio is presently 2.7 days.

Wall Street Analyst Weigh In

DECK has been the subject of a number of analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $30.56 price target on shares of Deckers Outdoor in a report on Friday, July 26th. Stifel Nicolaus decreased their price objective on shares of Deckers Outdoor from $887.00 to $147.83 and set a “hold” rating for the company in a research note on Tuesday, September 17th. Wells Fargo & Company cut their target price on shares of Deckers Outdoor from $1,000.00 to $165.00 and set an “equal weight” rating for the company in a research report on Monday. BTIG Research increased their price target on Deckers Outdoor from $31.11 to $33.33 and gave the company a “buy” rating in a report on Tuesday, June 25th. Finally, Robert W. Baird raised their price target on shares of Deckers Outdoor from $29.17 to $29.86 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average target price of $54.99.

Insiders Place Their Bets

In other news, Director David Powers sold 140,832 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $58,756,760.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. ClariVest Asset Management LLC lifted its stake in shares of Deckers Outdoor by 0.4% during the second quarter. ClariVest Asset Management LLC now owns 3,474 shares of the textile maker’s stock valued at $3,363,000 after buying an additional 14 shares during the period. CIBC Private Wealth Group LLC increased its position in shares of Deckers Outdoor by 1.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 945 shares of the textile maker’s stock worth $632,000 after acquiring an additional 15 shares during the last quarter. U S Global Investors Inc. grew its position in shares of Deckers Outdoor by 1.5% during the second quarter. U S Global Investors Inc. now owns 995 shares of the textile maker’s stock worth $963,000 after buying an additional 15 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of Deckers Outdoor by 1.4% in the 2nd quarter. Arkadios Wealth Advisors now owns 1,341 shares of the textile maker’s stock valued at $1,298,000 after purchasing an additional 19 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its position in shares of Deckers Outdoor by 7.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock valued at $264,000 after acquiring an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

DECK traded up $1.97 during trading on Friday, reaching $159.23. 557,132 shares of the company traded hands, compared to its average volume of 2,272,040. The company has a market cap of $4.05 billion, a P/E ratio of 5.37, a PEG ratio of 2.74 and a beta of 1.05. The firm has a fifty day simple moving average of $48.59 and a 200 day simple moving average of $33.65. Deckers Outdoor has a 12-month low of $80.67 and a 12-month high of $184.48.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The company had revenue of $825.30 million for the quarter, compared to the consensus estimate of $808.40 million. During the same quarter last year, the company earned $0.07 earnings per share. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, sell-side analysts expect that Deckers Outdoor will post 5.2 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.