Deckers Outdoor Corporation (NYSE:DECK) Short Interest Down 16.4% in January

Deckers Outdoor Corporation (NYSE:DECK) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 3,040,684 shares, a decline of 16.4% from the January 15th total of 3,637,857 shares. Currently, 2.2% of the company’s stock are sold short. Based on an average trading volume of 3,829,669 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 3,829,669 shares, the days-to-cover ratio is currently 0.8 days. Currently, 2.2% of the company’s stock are sold short.

Deckers Outdoor Stock Down 0.3%

NYSE:DECK traded down $0.34 during trading hours on Monday, reaching $115.68. 1,898,355 shares of the stock were exchanged, compared to its average volume of 3,210,137. The stock has a market capitalization of $16.42 billion, a P/E ratio of 16.34, a P/E/G ratio of 2.64 and a beta of 1.16. The firm has a 50 day simple moving average of $104.96 and a 200-day simple moving average of $102.03. Deckers Outdoor has a 52 week low of $78.91 and a 52 week high of $158.00.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.56. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The business’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.00 EPS. As a group, analysts expect that Deckers Outdoor will post 5.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. UBS Group reissued a “buy” rating and set a $161.00 target price (up from $157.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Zacks Research raised shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. BTIG Research reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 30th. Sanford C. Bernstein set a $90.00 target price on Deckers Outdoor in a research note on Friday, January 30th. Finally, Robert W. Baird cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Deckers Outdoor currently has an average rating of “Hold” and an average target price of $125.20.

Insiders Place Their Bets

In other news, insider Robin Spring-Green sold 347 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $113.78, for a total value of $39,481.66. Following the completion of the sale, the insider owned 42,461 shares in the company, valued at approximately $4,831,212.58. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anne Spangenberg sold 4,063 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $116.02, for a total value of $471,389.26. Following the transaction, the insider directly owned 80,449 shares in the company, valued at $9,333,692.98. This trade represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Deckers Outdoor

Institutional investors and hedge funds have recently bought and sold shares of the business. American National Bank & Trust lifted its position in Deckers Outdoor by 77.4% in the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after purchasing an additional 106 shares during the period. True Wealth Design LLC lifted its holdings in shares of Deckers Outdoor by 2,440.0% in the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after buying an additional 244 shares during the period. Geneos Wealth Management Inc. boosted its stake in Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after buying an additional 215 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Deckers Outdoor during the third quarter worth about $30,000. Finally, Elyxium Wealth LLC acquired a new position in Deckers Outdoor during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.