Deckers Outdoor Corp (NYSE:DECK) Short Interest Update
Deckers Outdoor Corp (NYSE:DECK) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 1,630,000 shares, a decrease of 10.4% from the December 15th total of 1,820,000 shares. Based on an average daily trading volume, of 414,900 shares, the days-to-cover ratio is presently 3.9 days. Currently, 5.9% of the company’s stock are short sold.
NYSE:DECK traded up $0.70 during midday trading on Tuesday, reaching $168.49. The stock had a trading volume of 391,100 shares, compared to its average volume of 384,844. Deckers Outdoor has a 1-year low of $112.60 and a 1-year high of $180.76. The firm’s fifty day simple moving average is $166.42 and its 200-day simple moving average is $157.72. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.44 and a quick ratio of 1.24. The stock has a market capitalization of $4.71 billion, a P/E ratio of 19.06, a PEG ratio of 1.50 and a beta of 0.86.
Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 24th. The textile maker reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.37. Deckers Outdoor had a net margin of 13.36% and a return on equity of 27.89%. The business had revenue of $542.21 million for the quarter, compared to analyst estimates of $529.11 million. During the same period last year, the business posted $2.38 EPS. Deckers Outdoor’s revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts anticipate that Deckers Outdoor will post 9.07 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of DECK. Nuveen Asset Management LLC acquired a new position in Deckers Outdoor in the 2nd quarter valued at $65,966,000. Marshall Wace LLP grew its stake in Deckers Outdoor by 108.3% in the 2nd quarter. Marshall Wace LLP now owns 354,664 shares of the textile maker’s stock valued at $62,410,000 after buying an additional 184,415 shares during the last quarter. Voya Investment Management LLC grew its stake in Deckers Outdoor by 315.6% in the 3rd quarter. Voya Investment Management LLC now owns 231,121 shares of the textile maker’s stock valued at $34,057,000 after buying an additional 175,513 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Deckers Outdoor in the 2nd quarter worth $17,738,000. Finally, Miura Global Management LLC acquired a new stake in Deckers Outdoor in the 2nd quarter worth $17,597,000. Institutional investors and hedge funds own 99.53% of the company’s stock.
A number of research analysts have recently weighed in on the stock. Bank of America set a $202.00 price target on shares of Deckers Outdoor and gave the company a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus set a $175.00 price target on shares of Deckers Outdoor and gave the company a “buy” rating in a report on Friday, October 25th. Susquehanna Bancshares restated a “buy” rating and set a $220.00 price target on shares of Deckers Outdoor in a report on Friday, November 15th. Pivotal Research restated a “buy” rating and set a $193.00 price target on shares of Deckers Outdoor in a report on Friday, October 25th. Finally, Robert W. Baird upgraded shares of Deckers Outdoor from a “neutral” rating to an “outperform” rating and raised their price target for the company from $180.00 to $205.00 in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $180.23.
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. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.
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