Deckers Outdoor Corporation (NYSE:DECK) Sees Significant Growth in Short Interest

Deckers Outdoor Corporation (NYSE:DECK) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 3,851,247 shares, a growth of 26.7% from the January 29th total of 3,040,684 shares. Based on an average trading volume of 2,849,512 shares, the days-to-cover ratio is currently 1.4 days. Currently, 2.7% of the company’s stock are sold short. Currently, 2.7% of the company’s stock are sold short. Based on an average trading volume of 2,849,512 shares, the days-to-cover ratio is currently 1.4 days.

Wall Street Analysts Forecast Growth

Several research firms have commented on DECK. Citigroup reiterated a “buy” rating and set a $130.00 price target (up from $120.00) on shares of Deckers Outdoor in a report on Thursday, January 15th. Sanford C. Bernstein set a $90.00 target price on shares of Deckers Outdoor in a research note on Friday, January 30th. KGI Securities raised Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 target price on the stock in a report on Friday, January 30th. Zacks Research raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 30th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus target price of $125.20.

Deckers Outdoor Stock Down 1.0%

DECK opened at $108.74 on Thursday. Deckers Outdoor has a 52 week low of $78.91 and a 52 week high of $137.50. The business’s 50 day moving average is $108.91 and its two-hundred day moving average is $103.21. The firm has a market cap of $15.43 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 2.51 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data 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. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The company’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.00 earnings per share. Equities analysts expect that Deckers Outdoor will post 5.89 EPS for the current fiscal year.

Insider Activity

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 transaction of $39,481.66. Following the completion of the transaction, the insider directly owned 42,461 shares of the company’s stock, valued at $4,831,212.58. The trade was a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lauri M. Shanahan sold 4,682 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the sale, the director directly owned 25,026 shares in the company, valued at $2,873,985.84. This represents a 15.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 9,092 shares of company stock worth $1,048,552. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Institutional investors and hedge funds have recently made changes to their positions in the business. Rakuten Securities Inc. increased its position in Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 100 shares during the period. Perigon Wealth Management LLC grew its stake in shares of Deckers Outdoor by 4.3% in the 3rd quarter. Perigon Wealth Management LLC now owns 2,597 shares of the textile maker’s stock valued at $263,000 after purchasing an additional 106 shares during the last quarter. American National Bank & Trust increased its holdings in shares of Deckers Outdoor by 77.4% in the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 106 shares during the period. RB Capital Management LLC raised its stake in shares of Deckers Outdoor by 1.0% during the third quarter. RB Capital Management LLC now owns 10,679 shares of the textile maker’s stock worth $1,083,000 after purchasing an additional 110 shares during the last quarter. Finally, Miracle Mile Advisors LLC lifted its holdings in shares of Deckers Outdoor by 2.3% during the third quarter. Miracle Mile Advisors LLC now owns 4,990 shares of the textile maker’s stock worth $506,000 after purchasing an additional 112 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

About Deckers Outdoor

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.