Deckers Outdoor Co. (NYSE:DECK) Short Interest Up 28.5% in February

Deckers Outdoor Co. (NYSE:DECK - Get Free Report) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 4,510,000 shares, an increase of 28.5% from the January 31st total of 3,510,000 shares. Based on an average daily trading volume, of 2,540,000 shares, the short-interest ratio is currently 1.8 days.

Analysts Set New Price Targets

DECK has been the subject of a number of research reports. Truist Financial lowered their target price on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a report on Friday, January 31st. Evercore ISI increased their target price on Deckers Outdoor from $195.00 to $235.00 and gave the stock an "outperform" rating in a report on Thursday, January 9th. Bank of America increased their target price on Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Guggenheim reiterated a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, UBS Group increased their target price on Deckers Outdoor from $267.00 to $284.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Nine research 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, Deckers Outdoor currently has a consensus rating of "Moderate Buy" and a consensus target price of $197.41.

Insider Activity at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the sale, the director now owns 241,777 shares in the company, valued at $33,568,318.68. This represents a 9.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Caroti Stefano sold 14,274 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the sale, the chief executive officer now owns 259,266 shares of the company's stock, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,574 shares of company stock worth $6,505,085 in the last quarter. Corporate insiders own 0.40% of the company's stock.

Institutional Investors Weigh In On Deckers Outdoor

Several hedge funds have recently bought and sold shares of the stock. Resonant Capital Advisors LLC lifted its position in Deckers Outdoor by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker's stock worth $489,000 after acquiring an additional 52 shares during the last quarter. Bleakley Financial Group LLC lifted its position in Deckers Outdoor by 3.9% during the fourth quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker's stock worth $293,000 after acquiring an additional 54 shares during the last quarter. Mather Group LLC. lifted its position in Deckers Outdoor by 2.6% during the fourth quarter. Mather Group LLC. now owns 2,567 shares of the textile maker's stock worth $521,000 after acquiring an additional 64 shares during the last quarter. Prosperity Wealth Management Inc. increased its holdings in shares of Deckers Outdoor by 2.8% during the fourth quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker's stock worth $564,000 after purchasing an additional 75 shares during the period. Finally, WD Rutherford LLC increased its holdings in shares of Deckers Outdoor by 4.8% during the fourth quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker's stock worth $352,000 after purchasing an additional 79 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

NYSE:DECK traded down $3.48 during mid-day trading on Tuesday, hitting $133.77. The stock had a trading volume of 3,812,299 shares, compared to its average volume of 3,131,072. Deckers Outdoor has a twelve month low of $131.20 and a twelve month high of $223.98. The stock has a market cap of $20.30 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 1.68 and a beta of 1.07. The company's 50 day simple moving average is $184.35 and its 200 day simple moving average is $157.61.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, equities analysts forecast that Deckers Outdoor will post 5.89 earnings per share for the current year.

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.

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