Short Interest in Deckers Outdoor Co. (NYSE:DECK) Drops By 10.0%

Deckers Outdoor Co. (NYSE:DECK) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 846,600 shares, a drop of 10.0% from the August 15th total of 940,700 shares. Based on an average daily volume of 349,000 shares, the days-to-cover ratio is presently 2.4 days. Approximately 3.4% of the shares of the stock are short sold.

Insider Activity

In other news, Director David Powers sold 140,832 shares of Deckers Outdoor stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $23.97, for a total value of $3,376,368.96. Following the sale, the director now owns 2,450,808 shares in the company, valued at $58,756,760.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Deckers Outdoor by 460.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after buying an additional 23 shares in the last quarter. FinTrust Capital Advisors LLC boosted its holdings in shares of Deckers Outdoor by 437.5% in the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock valued at $29,000 after buying an additional 35 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Deckers Outdoor in the 2nd quarter valued at $34,000. Contravisory Investment Management Inc. acquired a new stake in Deckers Outdoor during the 1st quarter worth $36,000. Finally, EntryPoint Capital LLC boosted its stake in Deckers Outdoor by 256.3% during the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock worth $54,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 83.4 %

NYSE DECK traded down $782.43 on Tuesday, hitting $155.25. 1,036,036 shares of the stock were exchanged, compared to its average volume of 2,292,328. Deckers Outdoor has a fifty-two week low of $80.67 and a fifty-two week high of $184.48. The company has a market cap of $3.95 billion, a PE ratio of 5.30, a PEG ratio of 2.66 and a beta of 1.05. The company has a 50-day moving average price of $30.47 and a 200-day moving average price of $27.41.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The company had revenue of $825.30 million during the quarter, compared to analysts’ expectations of $808.40 million. During the same quarter in the previous year, the business posted $0.07 EPS. The firm’s revenue was up 22.1% on a year-over-year basis. As a group, equities research analysts predict that Deckers Outdoor will post 31.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DECK. Bank of America boosted their price target on shares of Deckers Outdoor from $23.89 to $28.33 and gave the stock a “neutral” rating in a research report on Friday, May 24th. UBS Group boosted their price target on shares of Deckers Outdoor from $35.14 to $37.50 and gave the stock a “buy” rating in a research report on Friday, July 26th. BTIG Research boosted their target price on shares of Deckers Outdoor from $31.11 to $33.33 and gave the company a “buy” rating in a report on Tuesday, June 25th. Stifel Nicolaus decreased their target price on shares of Deckers Outdoor from $887.00 to $147.83 and set a “hold” rating on the stock in a report on Tuesday. Finally, TD Cowen boosted their target price on shares of Deckers Outdoor from $28.86 to $29.31 and gave the company a “buy” rating in a report on Friday, July 26th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus target price of $37.06.

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.