Investors Buy Large Volume of Deckers Outdoor Call Options (NYSE:DECK)

Deckers Outdoor Co. (NYSE:DECK) was the recipient of unusually large options trading activity on Monday. Traders acquired 12,173 call options on the company. This is an increase of approximately 91% compared to the typical volume of 6,388 call options.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DECK shares. Evercore ISI upped their price target on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a research report on Friday. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Friday. Barclays raised their price objective on Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday. Finally, UBS Group boosted their target price on Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a report on Friday. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $197.41.

Insider Buying and Selling

In other Deckers Outdoor news, CEO Caroti Stefano sold 15,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $175.73, for a total value of $2,635,950.00. Following the sale, the chief executive officer now owns 273,540 shares of the company’s stock, valued at $48,069,184.20. This trade represents a 5.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas Garcia sold 18,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the transaction, the insider now owns 63,642 shares of the company’s stock, valued at $11,155,169.76. This trade represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,758 shares of company stock valued at $13,506,861. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Solstein Capital LLC raised its stake in shares of Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. Bell Investment Advisors Inc raised its stake in shares of Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after buying an additional 146 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its position in Deckers Outdoor by 397.7% during the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after buying an additional 175 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Trading Down 3.2 %

NYSE DECK traded down $5.72 during trading on Monday, hitting $171.64. 4,387,548 shares of the company traded hands, compared to its average volume of 2,564,769. The company has a market capitalization of $26.08 billion, a P/E ratio of 27.82, a PEG ratio of 1.85 and a beta of 1.07. The business has a fifty day simple moving average of $205.90 and a 200 day simple moving average of $137.68. Deckers Outdoor has a 12 month low of $131.39 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Equities research analysts predict that Deckers Outdoor will post 5.92 EPS 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.