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Deckers Outdoor Target of Unusually Large Options Trading (NYSE:DECK)

Deckers Outdoor logo with Retail/Wholesale background

Deckers Outdoor Co. (NYSE:DECK - Get Free Report) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 12,173 call options on the stock. This represents an increase of approximately 91% compared to the average volume of 6,388 call options.

Deckers Outdoor Stock Down 0.6 %

Shares of Deckers Outdoor stock traded down $1.06 during trading hours on Tuesday, reaching $169.57. 5,843,364 shares of the stock traded hands, compared to its average volume of 2,808,990. The company has a 50 day moving average price of $204.88 and a 200 day moving average price of $139.73. The firm has a market capitalization of $25.76 billion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 1.85 and a beta of 1.07. Deckers Outdoor has a one year low of $131.39 and a one year high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Sell-side analysts anticipate that Deckers Outdoor will post 5.92 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on DECK shares. Needham & Company LLC reissued a "buy" rating and set a $246.00 price objective on shares of Deckers Outdoor in a research report on Friday. Truist Financial lowered their price objective on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a research report on Friday. Wells Fargo & Company lowered their price objective on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday. Jefferies Financial Group lifted their price target on Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a research report on Tuesday, January 28th. Finally, UBS Group lifted their price target on Deckers Outdoor from $267.00 to $284.00 and gave the stock a "buy" rating in a research report on Friday. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $197.41.

View Our Latest Analysis on DECK

Insider Transactions at Deckers Outdoor

In related news, CFO Steven J. Fasching sold 8,802 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $175.00, for a total value of $1,540,350.00. Following the completion of the sale, the chief financial officer now owns 153,036 shares of the company's stock, valued at $26,781,300. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Anne Spangenberg sold 3,882 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $186.43, for a total value of $723,721.26. Following the completion of the sale, the insider now directly owns 67,434 shares of the company's stock, valued at $12,571,720.62. The trade was a 5.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,758 shares of company stock worth $13,506,861. Insiders own 0.40% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Solstein Capital LLC lifted its position in shares of Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker's stock valued at $26,000 after buying an additional 135 shares in the last quarter. Bell Investment Advisors Inc lifted 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 buying an additional 146 shares in the last quarter. Global Trust Asset Management LLC purchased a new position in Deckers Outdoor in the 4th quarter worth approximately $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker's stock worth $32,000 after purchasing an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in Deckers Outdoor by 397.7% in the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker's stock worth $35,000 after purchasing an additional 175 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Company Profile

(Get Free Report)

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.

Further Reading

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