Deckers Outdoor Corp (NYSE:DECK) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 2,189,400 shares, an increase of 11.1% from the June 30th total of 1,970,200 shares. Based on an average trading volume of 537,700 shares, the short-interest ratio is presently 4.1 days. Approximately 7.7% of the shares of the company are short sold.
DECK has been the subject of several research reports. Susquehanna Bancshares raised their price objective on shares of Deckers Outdoor from $180.00 to $205.00 in a research report on Friday, July 26th. Telsey Advisory Group reissued an “outperform” rating and issued a $192.00 price target (up from $189.00) on shares of Deckers Outdoor in a research report on Friday, July 26th. Pivotal Research increased their price target on shares of Deckers Outdoor to $152.00 in a research report on Monday, July 22nd. Zacks Investment Research raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating and set a $158.00 price target for the company in a research report on Wednesday, May 29th. Finally, Bank of America reissued a “buy” rating and issued a $200.00 price target (up from $180.00) on shares of Deckers Outdoor in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $162.29.
DECK traded down $4.45 during trading on Thursday, reaching $132.94. 683,531 shares of the company’s stock were exchanged, compared to its average volume of 545,706. Deckers Outdoor has a fifty-two week low of $101.69 and a fifty-two week high of $180.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.69 and a quick ratio of 1.62. The firm has a 50 day moving average of $165.46. The company has a market cap of $4.13 billion, a P/E ratio of 15.04, a P/E/G ratio of 1.37 and a beta of 0.82.
Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.67) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.15) by $0.48. Deckers Outdoor had a net margin of 13.45% and a return on equity of 27.74%. The firm had revenue of $276.80 million for the quarter, compared to the consensus estimate of $259.71 million. During the same quarter in the previous year, the company earned ($0.98) earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. Sell-side analysts anticipate that Deckers Outdoor will post 8.65 earnings per share for the current fiscal year.
In related news, insider Andrea O’donnell sold 2,100 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $153.13, for a total value of $321,573.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lauri M. Shanahan sold 1,813 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $155.53, for a total transaction of $281,975.89. Following the completion of the sale, the director now directly owns 12,131 shares in the company, valued at approximately $1,886,734.43. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,263 shares of company stock worth $807,763. Corporate insiders own 0.90% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in DECK. Covington Capital Management acquired a new position in shares of Deckers Outdoor in the 2nd quarter valued at approximately $25,000. Hanlon Investment Management Inc. acquired a new position in Deckers Outdoor during the 2nd quarter worth approximately $310,000. Voleon Capital Management LP acquired a new position in Deckers Outdoor during the 2nd quarter worth approximately $2,991,000. Doyle Wealth Management acquired a new position in Deckers Outdoor during the 2nd quarter worth approximately $37,000. Finally, Schroder Investment Management Group boosted its position in Deckers Outdoor by 43.2% during the 2nd quarter. Schroder Investment Management Group now owns 23,343 shares of the textile maker’s stock worth $4,108,000 after acquiring an additional 7,044 shares during the last quarter.
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. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.
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