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

Deckers Outdoor Co. (NYSE:DECK) was the recipient of some unusual options trading activity on Tuesday. Traders bought 3,956 call options on the stock. This represents an increase of approximately 133% compared to the typical daily volume of 1,696 call options.

Deckers Outdoor Stock Performance

Deckers Outdoor stock traded down $2.93 during midday trading on Tuesday, reaching $157.08. The stock had a trading volume of 451,941 shares, compared to its average volume of 2,224,939. The firm’s fifty day simple moving average is $94.70 and its 200-day simple moving average is $49.87. Deckers Outdoor has a 1-year low of $80.67 and a 1-year high of $184.48. The stock has a market capitalization of $4.00 billion, a P/E ratio of 5.46, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $825.30 million during the quarter, compared to the consensus estimate of $808.40 million. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The business’s revenue was up 22.1% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share. On average, sell-side analysts anticipate that Deckers Outdoor will post 5.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Truist Financial upped their price target on Deckers Outdoor from $204.17 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. UBS Group increased their target price on Deckers Outdoor from $225.00 to $226.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Piper Sandler set a $166.00 price target on Deckers Outdoor in a report on Thursday, October 17th. Evercore ISI raised their price target on Deckers Outdoor from $183.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Barclays decreased their price target on Deckers Outdoor from $1,090.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $114.57.

Insider Activity at Deckers Outdoor

In other news, CFO Steven J. Fasching sold 9,198 shares of Deckers Outdoor stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the sale, the chief financial officer now owns 161,838 shares in the company, valued at $26,973,539.46. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Deckers Outdoor news, Director David Powers sold 140,832 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the sale, the director now owns 2,450,808 shares in the company, valued at approximately $58,756,760.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven J. Fasching sold 9,198 shares of Deckers Outdoor stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $166.67, for a total value of $1,533,030.66. Following the transaction, the chief financial officer now directly owns 161,838 shares in the company, valued at approximately $26,973,539.46. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. grew its stake 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 valued at $27,000 after purchasing an additional 23 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of Deckers Outdoor during the 2nd quarter worth approximately $34,000. EntryPoint Capital LLC boosted its stake in shares of Deckers Outdoor by 256.3% during the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock worth $54,000 after acquiring an additional 41 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Deckers Outdoor during the 2nd quarter worth approximately $63,000. Finally, Gladius Capital Management LP bought a new position in shares of Deckers Outdoor during the 2nd quarter worth approximately $67,000. 97.79% of the stock is currently owned by institutional investors.

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.