Deckers Outdoor Co. (NYSE:DECK) Short Interest Down 14.6% in July

Deckers Outdoor Co. (NYSE:DECK) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 836,000 shares, a decline of 14.6% from the July 15th total of 978,700 shares. Approximately 3.3% of the company’s shares are short sold. Based on an average daily trading volume, of 381,400 shares, the days-to-cover ratio is presently 2.2 days.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, CEO David Powers sold 10,955 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following the sale, the chief executive officer now owns 76,006 shares in the company, valued at approximately $82,580,519. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Angela Ogbechie sold 153 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $1,077.93, for a total value of $164,923.29. Following the transaction, the insider now owns 3,779 shares in the company, valued at $4,073,497.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Powers sold 10,955 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,086.50, for a total transaction of $11,902,607.50. Following the completion of the sale, the chief executive officer now owns 76,006 shares of the company’s stock, valued at approximately $82,580,519. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,108 shares of company stock worth $23,919,671. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

Hedge funds have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. increased its stake in Deckers Outdoor by 460.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 23 shares during the last quarter. Crewe Advisors LLC bought a new stake in Deckers Outdoor during the second quarter worth approximately $34,000. Contravisory Investment Management Inc. bought a new stake in shares of Deckers Outdoor in the first quarter valued at approximately $36,000. FinTrust Capital Advisors LLC raised its stake in shares of Deckers Outdoor by 437.5% in the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 35 shares in the last quarter. Finally, EntryPoint Capital LLC increased its stake in shares of Deckers Outdoor by 256.3% in the first quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock valued at $54,000 after buying an additional 41 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DECK. Evercore ISI decreased their price objective on shares of Deckers Outdoor from $1,110.00 to $1,100.00 and set an “outperform” rating for the company in a report on Monday, July 15th. Stifel Nicolaus increased their target price on shares of Deckers Outdoor from $825.00 to $887.00 and gave the company a “hold” rating in a research note on Friday, July 26th. TD Cowen raised their price target on shares of Deckers Outdoor from $1,039.00 to $1,055.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. BTIG Research raised their price target on shares of Deckers Outdoor from $1,120.00 to $1,200.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Finally, KeyCorp raised their price target on shares of Deckers Outdoor from $960.00 to $1,015.00 and gave the stock an “overweight” rating in a research report on Friday, May 24th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average target price of $1,040.13.

Deckers Outdoor Stock Performance

DECK stock opened at $950.53 on Monday. The firm has a market cap of $24.18 billion, a PE ratio of 32.45, a P/E/G ratio of 2.66 and a beta of 1.06. The firm’s fifty day moving average is $934.60 and its 200 day moving average is $909.62. Deckers Outdoor has a one year low of $484.02 and a one year high of $1,106.89.

Deckers Outdoor’s stock is set to split before the market opens on Tuesday, September 17th. The 6-1 split was announced on Tuesday, September 17th. The newly created shares will be payable to shareholders after the closing bell on Tuesday, September 17th.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 25th. The textile maker reported $4.52 EPS for the quarter, topping analysts’ consensus estimates of $3.59 by $0.93. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The company had revenue of $825.30 million during the quarter, compared to the consensus estimate of $808.40 million. During the same quarter in the prior year, the firm earned $2.41 EPS. Deckers Outdoor’s quarterly revenue was up 22.1% on a year-over-year basis. Research analysts predict that Deckers Outdoor will post 31.52 earnings per share for the current fiscal 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.