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

Deckers Outdoor Co. (NYSE:DECK) was the recipient of a significant 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 currently 1.9 days.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barclays boosted their price target on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Truist Financial boosted their price objective on Deckers Outdoor from $205.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday. Robert W. Baird lifted their target price on shares of Deckers Outdoor from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Telsey Advisory Group increased their price target on shares of Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Bank of America lifted their price objective on shares of Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Deckers Outdoor currently has an average rating of “Moderate Buy” and an average price target of $155.00.

Insider Transactions at Deckers Outdoor

In other news, Director Bonita C. Stewart sold 4,500 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $186.43, for a total value of $838,935.00. Following the completion of the transaction, the director now directly owns 40,733 shares of the company’s stock, valued at $7,593,853.19. This trade represents a 9.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela Ogbechie sold 1,278 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total value of $208,620.72. Following the sale, the insider now owns 29,628 shares in the company, valued at approximately $4,836,474.72. The trade was a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 210,492 shares of company stock worth $15,590,797 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

A number of hedge funds and other institutional investors have recently made changes to their positions in DECK. Whittier Trust Co. of Nevada Inc. lifted its holdings in Deckers Outdoor by 460.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock worth $27,000 after buying an additional 23 shares during the period. Crewe Advisors LLC bought a new stake in shares of Deckers Outdoor during the second quarter valued at approximately $34,000. Ashton Thomas Private Wealth LLC purchased a new stake in Deckers Outdoor in the second quarter worth $63,000. Gladius Capital Management LP bought a new position in Deckers Outdoor in the second quarter worth $67,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in Deckers Outdoor by 28.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 116 shares of the textile maker’s stock valued at $112,000 after buying an additional 26 shares during the period. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Deckers Outdoor stock traded up $0.95 during trading hours on Tuesday, reaching $202.85. The stock had a trading volume of 2,065,599 shares, compared to its average volume of 2,229,637. The company has a fifty day simple moving average of $168.78 and a 200-day simple moving average of $81.90. Deckers Outdoor has a 52 week low of $108.65 and a 52 week high of $205.35. The stock has a market cap of $30.82 billion, a PE ratio of 35.67, a PEG ratio of 2.83 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.35. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. Deckers Outdoor’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the firm earned $1.14 earnings per share. Research analysts predict that Deckers Outdoor will post 5.48 earnings per share for the current fiscal year.

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.