Deckers Outdoor Co. (NYSE:DECK) Short Interest Up 28.5% in February

Deckers Outdoor Co. (NYSE:DECK) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 4,510,000 shares, a growth of 28.5% from the January 31st total of 3,510,000 shares. Based on an average daily volume of 2,540,000 shares, the days-to-cover ratio is currently 1.8 days.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Robert W. Baird lifted 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. Truist Financial cut their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a research report on Friday, February 7th. UBS Group lifted their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Jefferies Financial Group lifted their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Deckers Outdoor currently has an average rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Stock Down 2.5 %

DECK traded down $3.48 during midday trading on Tuesday, hitting $133.77. The company had a trading volume of 3,812,299 shares, compared to its average volume of 3,131,072. Deckers Outdoor has a 52 week low of $131.20 and a 52 week high of $223.98. The company has a market capitalization of $20.30 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 1.68 and a beta of 1.07. The stock’s 50 day moving average price is $184.35 and its 200 day moving average price is $157.61.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share 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%. Research analysts predict that Deckers Outdoor will post 5.89 EPS for the current year.

Insider Transactions at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the transaction, the director now directly owns 10,222 shares of the company’s stock, valued at $2,052,577.60. This trade represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the transaction, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,574 shares of company stock valued at $6,505,085. 0.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

Several hedge funds and other institutional investors have recently made changes to their positions in DECK. US Bancorp DE increased its position in shares of Deckers Outdoor by 448.5% during the third quarter. US Bancorp DE now owns 28,906 shares of the textile maker’s stock worth $4,609,000 after acquiring an additional 23,636 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Deckers Outdoor by 425.6% during the third quarter. New York State Common Retirement Fund now owns 174,880 shares of the textile maker’s stock worth $27,885,000 after acquiring an additional 141,608 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Deckers Outdoor by 2,037.5% during the third quarter. Farther Finance Advisors LLC now owns 2,052 shares of the textile maker’s stock worth $327,000 after acquiring an additional 1,956 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Deckers Outdoor by 558.0% during the third quarter. Janney Montgomery Scott LLC now owns 110,630 shares of the textile maker’s stock worth $17,640,000 after acquiring an additional 93,818 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Deckers Outdoor by 562.6% in the 3rd quarter. Van ECK Associates Corp now owns 39,586 shares of the textile maker’s stock worth $5,976,000 after purchasing an additional 33,612 shares in the last quarter. 97.79% of the stock is owned by 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.