Deckers Outdoor Co. (NYSE:DECK) Short Interest Down 8.1% in November

Deckers Outdoor Co. (NYSE:DECK) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 3,860,000 shares, a drop of 8.1% from the October 31st total of 4,200,000 shares. Based on an average daily volume of 1,980,000 shares, the short-interest ratio is presently 1.9 days.

Deckers Outdoor Price Performance

Shares of NYSE:DECK traded up $0.34 during trading hours on Wednesday, hitting $203.21. 1,058,700 shares of the company’s stock traded hands, compared to its average volume of 2,224,270. Deckers Outdoor has a 1 year low of $108.65 and a 1 year high of $207.29. The business has a fifty day moving average price of $169.75 and a 200-day moving average price of $83.16. The firm has a market capitalization of $30.87 billion, a P/E ratio of 35.65, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.35. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 earnings per share. As a group, equities analysts predict that Deckers Outdoor will post 5.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DECK. StockNews.com downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Seaport Res Ptn downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Bank of America boosted their price objective on Deckers Outdoor from $170.00 to $182.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. TD Cowen boosted their price objective on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Barclays boosted their price objective on Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average target price of $155.00.

Insiders Place Their Bets

In related news, Director Bonita C. Stewart sold 4,500 shares of Deckers Outdoor stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $186.43, for a total transaction of $838,935.00. Following the transaction, the director now directly owns 40,733 shares in the company, valued at approximately $7,593,853.19. The trade was a 9.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anne Spangenberg sold 3,882 shares of Deckers Outdoor stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total value of $723,721.26. Following the transaction, the insider now owns 67,434 shares in the company, valued at $12,571,720.62. This trade represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 210,492 shares of company stock valued at $15,590,797. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of Deckers Outdoor

Large investors have recently modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in Deckers Outdoor by 85.9% during the first quarter. Janus Henderson Group PLC now owns 3,201 shares of the textile maker’s stock worth $3,011,000 after buying an additional 1,479 shares during the period. Swedbank AB acquired a new position in shares of Deckers Outdoor in the 1st quarter valued at $4,580,000. Atria Investments Inc increased its position in shares of Deckers Outdoor by 35.4% in the 1st quarter. Atria Investments Inc now owns 2,393 shares of the textile maker’s stock valued at $2,252,000 after acquiring an additional 626 shares during the period. Cetera Investment Advisers increased its position in shares of Deckers Outdoor by 360.9% in the 1st quarter. Cetera Investment Advisers now owns 5,075 shares of the textile maker’s stock valued at $4,777,000 after acquiring an additional 3,974 shares during the period. Finally, Cetera Advisors LLC increased its position in shares of Deckers Outdoor by 135.5% in the 1st quarter. Cetera Advisors LLC now owns 1,858 shares of the textile maker’s stock valued at $1,749,000 after acquiring an additional 1,069 shares during the period. Hedge funds and other institutional investors 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.