Deckers Outdoor Co. (NYSE:DECK) Short Interest Down 14.2% in March

Deckers Outdoor Co. (NYSE:DECK) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 909,600 shares, a drop of 14.2% from the March 15th total of 1,060,000 shares. Based on an average daily volume of 438,600 shares, the short-interest ratio is presently 2.1 days. Currently, 3.6% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. UBS Group upped their price objective on Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $930.00 price objective on shares of Deckers Outdoor in a report on Thursday, February 15th. Piper Sandler upped their price objective on Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. KeyCorp assumed coverage on Deckers Outdoor in a report on Wednesday, February 7th. They set an “overweight” rating and a $960.00 price objective on the stock. Finally, Stifel Nicolaus upped their price objective on Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $870.93.

Insider Buying and Selling at Deckers Outdoor

In other news, CFO Steven J. Fasching sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the sale, the chief financial officer now owns 29,291 shares of the company’s stock, valued at approximately $24,733,320.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $922.85, for a total value of $5,530,640.05. Following the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $90,640,481.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Steven J. Fasching sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.40, for a total value of $4,222,000.00. Following the completion of the transaction, the chief financial officer now directly owns 29,291 shares in the company, valued at approximately $24,733,320.40. The disclosure for this sale can be found here. Insiders have sold 24,471 shares of company stock valued at $21,290,792 in the last quarter. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

Several institutional investors and hedge funds have recently made changes to their positions in the stock. FinTrust Capital Advisors LLC lifted its position in Deckers Outdoor by 437.5% during the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after buying an additional 35 shares during the period. Anchor Investment Management LLC purchased a new position in Deckers Outdoor during the fourth quarter worth about $33,000. Contravisory Investment Management Inc. purchased a new position in Deckers Outdoor during the first quarter worth about $36,000. FSC Wealth Advisors LLC purchased a new position in Deckers Outdoor during the fourth quarter worth about $39,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its position in Deckers Outdoor by 170.0% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock worth $42,000 after buying an additional 51 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Up 0.1 %

Shares of NYSE:DECK opened at $815.38 on Tuesday. Deckers Outdoor has a 52-week low of $424.36 and a 52-week high of $956.17. The stock’s fifty day simple moving average is $886.73 and its 200-day simple moving average is $730.11. The company has a market capitalization of $20.93 billion, a P/E ratio of 29.33, a P/E/G ratio of 1.44 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.40 by $3.71. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the business earned $10.48 earnings per share. The business’s revenue was up 16.0% on a year-over-year basis. On average, sell-side analysts anticipate that Deckers Outdoor will post 26.87 earnings per share for the current 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.