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

Deckers Outdoor Co. (NYSE:DECK) saw a significant drop in short interest in the month of 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 trading volume of 1,980,000 shares, the days-to-cover ratio is currently 1.9 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Barclays lifted their price objective on Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Robert W. Baird boosted their target price on Deckers Outdoor from $180.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. KeyCorp boosted their target price on Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Evercore ISI boosted their target price on Deckers Outdoor from $185.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Piper Sandler set a $166.00 target price on Deckers Outdoor in a research note on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $155.00.

Deckers Outdoor Price Performance

NYSE DECK traded up $0.34 on Wednesday, reaching $203.21. The stock had a trading volume of 1,058,700 shares, compared to its average volume of 2,224,270. The firm has a fifty day moving average of $169.75 and a two-hundred day moving average of $83.16. The company has a market cap of $30.87 billion, a P/E ratio of 35.65, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08. Deckers Outdoor has a 1-year low of $108.65 and a 1-year high of $207.29.

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

Insider Buying and Selling at Deckers Outdoor

In other news, insider Thomas Garcia sold 18,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the completion of the transaction, the insider now directly owns 63,642 shares in the company, valued at approximately $11,155,169.76. The trade was a 22.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Caroti Stefano sold 15,000 shares of Deckers Outdoor stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total value of $2,635,950.00. Following the transaction, the chief executive officer now owns 273,540 shares in the company, valued at $48,069,184.20. This trade represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 210,492 shares of company stock valued at $15,590,797. 0.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of hedge funds have recently added to or reduced their stakes in the business. Solstein Capital LLC increased its holdings in shares of Deckers Outdoor by 500.0% during the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 135 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in 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 worth $27,000 after acquiring an additional 23 shares during the last quarter. Bell Investment Advisors Inc increased its position in shares of Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 146 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 200 shares during the period. Finally, Crewe Advisors LLC purchased a new stake in Deckers Outdoor during the 2nd quarter valued at about $34,000. 97.79% of the stock is currently owned by institutional investors.

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 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.