Deckers Outdoor Co. (NYSE:DECK) Short Interest Update

Deckers Outdoor Co. (NYSE:DECK - Get Free Report) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 3,640,000 shares, a decline of 5.7% from the November 15th total of 3,860,000 shares. Based on an average daily trading volume, of 1,950,000 shares, the short-interest ratio is presently 1.9 days.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DECK shares. Piper Sandler set a $166.00 price target on shares of Deckers Outdoor in a report on Thursday, October 17th. Truist Financial increased their price objective on Deckers Outdoor from $205.00 to $230.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Evercore ISI increased 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. KeyCorp lifted their price objective on Deckers Outdoor from $190.00 to $213.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Finally, Stifel Nicolaus raised their price target on shares of Deckers Outdoor from $147.83 to $181.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $158.59.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares in the company, valued at $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Garcia sold 18,000 shares of the company's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the sale, the insider now owns 63,642 shares of the company's stock, valued at approximately $11,155,169.76. This trade represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,234 shares of company stock valued at $15,248,513. Corporate insiders own 0.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DECK. Franklin Resources Inc. raised its holdings in Deckers Outdoor by 497.5% in the 3rd quarter. Franklin Resources Inc. now owns 390,874 shares of the textile maker's stock worth $62,825,000 after acquiring an additional 325,451 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in Deckers Outdoor by 110.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 60,894 shares of the textile maker's stock worth $9,710,000 after purchasing an additional 31,947 shares in the last quarter. Anchor Investment Management LLC increased its stake in Deckers Outdoor by 500.0% in the 3rd quarter. Anchor Investment Management LLC now owns 504 shares of the textile maker's stock worth $80,000 after acquiring an additional 420 shares during the last quarter. Kintegral Advisory LLC raised its position in shares of Deckers Outdoor by 246.9% during the 2nd quarter. Kintegral Advisory LLC now owns 3,653 shares of the textile maker's stock valued at $3,536,000 after buying an additional 2,600 shares in the last quarter. Finally, AustralianSuper Pty Ltd raised its holdings in Deckers Outdoor by 2.8% during the 2nd quarter. AustralianSuper Pty Ltd now owns 8,093 shares of the textile maker's stock valued at $7,834,000 after buying an additional 224 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Price Performance

DECK traded down $0.74 during trading on Tuesday, hitting $210.38. 1,709,687 shares of the stock traded hands, compared to its average volume of 2,205,904. The firm has a market capitalization of $31.96 billion, a P/E ratio of 37.00, a price-to-earnings-growth ratio of 2.87 and a beta of 1.08. The firm has a 50-day moving average of $177.93 and a 200 day moving average of $94.34. Deckers Outdoor has a 12-month low of $108.65 and a 12-month high of $213.03.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $0.35. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The company's quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.14 EPS. As a group, equities analysts predict that Deckers Outdoor will post 5.49 EPS 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.