Deckers Outdoor Co. (NYSE:DECK) Short Interest Up 13.5% in July

Deckers Outdoor Co. (NYSE:DECK) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 978,700 shares, an increase of 13.5% from the June 30th total of 862,300 shares. Based on an average daily trading volume, of 347,000 shares, the short-interest ratio is currently 2.8 days. Approximately 3.9% of the company’s stock are sold short.

Deckers Outdoor Stock Performance

DECK stock traded up $11.40 during midday trading on Wednesday, reaching $922.63. The company’s stock had a trading volume of 293,207 shares, compared to its average volume of 404,670. The stock has a fifty day simple moving average of $971.22 and a two-hundred day simple moving average of $895.73. Deckers Outdoor has a 1 year low of $484.02 and a 1 year high of $1,106.89. The firm has a market capitalization of $23.44 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 2.71 and a beta of 1.06.

Deckers Outdoor shares are set to split on Tuesday, September 17th. The 6-1 split was announced on Tuesday, September 17th. The newly minted shares will be issued to shareholders after the closing bell on Tuesday, September 17th.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 25th. The textile maker reported $4.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.59 by $0.93. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The business had revenue of $825.30 million for the quarter, compared to the consensus estimate of $808.40 million. During the same quarter in the prior year, the company earned $2.41 EPS. The business’s revenue was up 22.1% compared to the same quarter last year. As a group, analysts forecast that Deckers Outdoor will post 31.52 EPS for the current fiscal year.

Insider Activity

In other news, Director Michael F. Devine III sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $1,077.00, for a total transaction of $2,154,000.00. Following the sale, the director now owns 6,204 shares in the company, valued at approximately $6,681,708. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Deckers Outdoor news, Director Michael F. Devine III sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $1,077.00, for a total value of $2,154,000.00. Following the completion of the transaction, the director now owns 6,204 shares of the company’s stock, valued at approximately $6,681,708. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Caroti Stefano sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,079.74, for a total value of $5,398,700.00. Following the completion of the transaction, the insider now directly owns 39,926 shares of the company’s stock, valued at approximately $43,109,699.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,108 shares of company stock worth $23,919,671. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors have recently added to or reduced their stakes in DECK. CIBC Private Wealth Group LLC boosted its holdings in Deckers Outdoor by 1.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 945 shares of the textile maker’s stock worth $632,000 after acquiring an additional 15 shares in the last quarter. U S Global Investors Inc. boosted its holdings in Deckers Outdoor by 1.5% in the second quarter. U S Global Investors Inc. now owns 995 shares of the textile maker’s stock worth $963,000 after acquiring an additional 15 shares in the last quarter. Janiczek Wealth Management LLC boosted its holdings in Deckers Outdoor by 20.8% in the fourth quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock worth $62,000 after acquiring an additional 16 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in Deckers Outdoor by 1.4% in the second quarter. Arkadios Wealth Advisors now owns 1,341 shares of the textile maker’s stock worth $1,298,000 after acquiring an additional 19 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Deckers Outdoor by 460.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock worth $27,000 after acquiring an additional 23 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DECK shares. Stifel Nicolaus upped their price target on shares of Deckers Outdoor from $825.00 to $887.00 and gave the company a “hold” rating in a research report on Friday, July 26th. Evercore ISI cut their price objective on Deckers Outdoor from $1,110.00 to $1,100.00 and set an “outperform” rating for the company in a research note on Monday, July 15th. Citigroup boosted their price objective on Deckers Outdoor from $835.00 to $920.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. BTIG Research upped their price target on Deckers Outdoor from $1,120.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Finally, KeyCorp upped their price target on Deckers Outdoor from $960.00 to $1,015.00 and gave the stock an “overweight” rating in a research note on Friday, May 24th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,040.13.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.