Deckers Outdoor Corporation (NYSE:DECK) Short Interest Update

Deckers Outdoor Corporation (NYSE:DECK) saw a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 3,040,684 shares, a decline of 16.4% from the January 15th total of 3,637,857 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average daily volume of 3,829,669 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 3,829,669 shares, the days-to-cover ratio is presently 0.8 days. Approximately 2.2% of the company’s shares are sold short.

Deckers Outdoor Stock Performance

DECK stock traded up $1.47 during midday trading on Tuesday, hitting $117.20. 2,042,949 shares of the stock were exchanged, compared to its average volume of 3,210,137. The stock’s 50-day moving average price is $105.59 and its 200-day moving average price is $102.20. The stock has a market cap of $16.64 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 2.64 and a beta of 1.16. Deckers Outdoor has a fifty-two week low of $78.91 and a fifty-two week high of $156.60.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.56. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the company earned $3.00 earnings per share. Deckers Outdoor’s revenue was up 7.1% compared to the same quarter last year. Research analysts anticipate that Deckers Outdoor will post 5.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DECK. Guggenheim assumed coverage on shares of Deckers Outdoor in a research report on Tuesday, December 9th. They issued a “neutral” rating for the company. The Goldman Sachs Group reaffirmed a “sell” rating and set a $92.00 price objective (up from $81.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Sanford C. Bernstein set a $90.00 target price on Deckers Outdoor in a report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a report on Wednesday, January 21st. Finally, KGI Securities upgraded shares of Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price objective on the stock in a research report on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Hold” and an average price target of $125.20.

Insider Buying and Selling at Deckers Outdoor

In related news, insider Robin Spring-Green sold 347 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $113.78, for a total value of $39,481.66. Following the sale, the insider owned 42,461 shares in the company, valued at approximately $4,831,212.58. The trade was a 0.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction on Friday, February 13th. The stock was sold at an average price of $114.84, for a total transaction of $537,680.88. Following the sale, the director directly owned 25,026 shares of the company’s stock, valued at approximately $2,873,985.84. This trade represents a 15.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,092 shares of company stock valued at $1,048,552 over the last quarter. 0.40% of the stock is owned by company insiders.

Institutional Trading of Deckers Outdoor

Hedge funds have recently bought and sold shares of the company. Freestone Grove Partners LP acquired a new position in Deckers Outdoor in the 4th quarter valued at $537,000. AQR Capital Management LLC grew its position in shares of Deckers Outdoor by 340.5% in the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock valued at $273,000,000 after purchasing an additional 2,035,517 shares during the period. EFG International AG acquired a new position in Deckers Outdoor in the fourth quarter valued at $6,844,000. Cetera Investment Advisers lifted its position in Deckers Outdoor by 8.9% during the fourth quarter. Cetera Investment Advisers now owns 34,195 shares of the textile maker’s stock worth $3,545,000 after buying an additional 2,782 shares during the period. Finally, Laird Norton Wetherby Trust Company LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter valued at about $423,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.