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

Deckers Outdoor Co. (NYSE:DECK) saw some unusual options trading on Monday. Traders acquired 12,173 call options on the stock. This represents an increase of 91% compared to the typical daily volume of 6,388 call options.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $170.42 on Tuesday. The firm has a fifty day moving average of $205.90 and a two-hundred day moving average of $137.68. Deckers Outdoor has a 1-year low of $131.39 and a 1-year high of $223.98. The firm has a market cap of $25.89 billion, a P/E ratio of 27.63, a P/E/G ratio of 1.85 and a beta of 1.07.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DECK. UBS Group increased their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a report on Friday. BTIG Research cut shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. KeyCorp upped their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. TD Cowen increased their price target on Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus increased their price target on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research note on Friday. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $197.41.

Insider Buying and Selling at Deckers Outdoor

In related news, CFO Steven J. Fasching sold 8,802 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,540,350.00. Following the sale, the chief financial officer now owns 153,036 shares in the company, valued at approximately $26,781,300. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 259,266 shares in the company, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,758 shares of company stock worth $13,506,861 over the last three months. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Several hedge funds have recently bought and sold shares of DECK. JPMorgan Chase & Co. increased its holdings in shares of Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after purchasing an additional 1,170,855 shares in the last quarter. City Center Advisors LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth about $575,000. B. Riley Wealth Advisors Inc. grew its stake in Deckers Outdoor by 506.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker’s stock valued at $1,060,000 after buying an additional 5,574 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Deckers Outdoor by 512.9% in the 3rd quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock valued at $63,371,000 after purchasing an additional 332,590 shares during the period. Finally, Cadent Capital Advisors LLC lifted its holdings in shares of Deckers Outdoor by 116.8% during the 4th quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker’s stock worth $1,316,000 after acquiring an additional 3,491 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

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.