Deckers Outdoor Corporation (NYSE:DECK) Short Interest Up 32.9% in August

Deckers Outdoor Corporation (NYSE:DECK) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 9,050,000 shares, a growth of 32.9% from the July 31st total of 6,810,000 shares. Based on an average trading volume of 3,710,000 shares, the short-interest ratio is presently 2.4 days. Based on an average trading volume of 3,710,000 shares, the short-interest ratio is presently 2.4 days.

Deckers Outdoor Price Performance

NYSE DECK opened at $114.30 on Thursday. Deckers Outdoor has a 1 year low of $93.72 and a 1 year high of $223.98. The stock has a market capitalization of $16.96 billion, a PE ratio of 17.53, a P/E/G ratio of 4.35 and a beta of 1.05. The company’s 50 day simple moving average is $108.37 and its two-hundred day simple moving average is $112.29.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.25. The firm had revenue of $964.54 million for the quarter, compared to analyst estimates of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. On average, research analysts anticipate that Deckers Outdoor will post 5.89 EPS for the current year.

Deckers Outdoor declared that its Board of Directors has approved a share buyback program on Thursday, May 22nd that authorizes the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization authorizes the textile maker to buy up to 11.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Truist Financial increased their target price on shares of Deckers Outdoor from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Raymond James Financial increased their target price on shares of Deckers Outdoor from $123.00 to $137.00 and gave the company a “strong-buy” rating in a research report on Friday, July 25th. Argus initiated coverage on shares of Deckers Outdoor in a research report on Friday, June 13th. They set a “hold” rating for the company. The Goldman Sachs Group dropped their price target on shares of Deckers Outdoor from $90.00 to $87.00 and set a “sell” rating on the stock in a research note on Tuesday, July 22nd. Finally, UBS Group upped their price target on shares of Deckers Outdoor from $144.00 to $158.00 and gave the company a “buy” rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $137.50.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the transaction, the director directly owned 10,979 shares of the company’s stock, valued at $1,295,741.58. This represents a 2.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Deckers Outdoor

Institutional investors have recently made changes to their positions in the stock. Marks Group Wealth Management Inc increased its holdings in shares of Deckers Outdoor by 15.4% in the 1st quarter. Marks Group Wealth Management Inc now owns 62,902 shares of the textile maker’s stock worth $7,033,000 after buying an additional 8,410 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Deckers Outdoor by 17.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker’s stock worth $1,997,000 after buying an additional 2,706 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Deckers Outdoor by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker’s stock worth $116,310,000 after buying an additional 39,211 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of Deckers Outdoor by 32.3% in the 1st quarter. Park Avenue Securities LLC now owns 26,929 shares of the textile maker’s stock worth $3,011,000 after buying an additional 6,569 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Deckers Outdoor by 17.7% during the 1st quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker’s stock valued at $65,716,000 after purchasing an additional 88,179 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

About Deckers Outdoor

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.