Deckers Outdoor Co. (NYSE:DECK) Sees 28.5% Rise in Short Interest for February

Deckers Outdoor Co. (NYSE:DECK) experienced a significant rise in short interest during February. By February 15th, the total short interest reached 4,510,000 shares, marking an increase of 28.5% from the previous month's total of 3,510,000 shares as of January 31st. Given an average daily trading volume of 2,540,000 shares, the current short-interest ratio stands at 1.8 days.

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Analysts Set New Price Targets

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The stock has recently been evaluated by several analysts. Truist Financial adjusted its target price for Deckers Outdoor from $235.00 to $225.00 while maintaining a "buy" rating on January 31st. Meanwhile, Evercore ISI raised its target from $195.00 to $235.00, also assigning an "outperform" rating on January 9th. Bank of America increased its target price from $182.00 to $217.00, giving the stock a "neutral" rating on January 23rd. Guggenheim reiterated its "neutral" stance on the stock on January 31st. Lastly, UBS Group adjusted its target from $267.00 to $284.00 and maintained a "buy" rating on January 31st. Currently, nine analysts recommend a hold rating, while eleven suggest buying Deckers Outdoor, leading to a consensus rating of "Moderate Buy" and a target price of $197.41, according to MarketBeat.com.

View Our Latest Stock Analysis on Deckers Outdoor

Insider Activity at Deckers Outdoor

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In related news, Director David Powers sold 25,000 shares of Deckers Outdoor on February 28th at an average price of $138.84, raising a total of $3,471,000. Following this sale, he holds 241,777 shares valued at approximately $33,568,318.68, reflecting a 9.37% decrease in his ownership. This transaction was disclosed in a filing with the Securities and Exchange Commission. Furthermore, CEO Caroti Stefano sold 14,274 shares on December 11th at an average price of $208.34, amounting to approximately $2,973,845.16. The CEO currently owns 259,266 shares valued at about $54,015,478.44, which is a 5.22% decrease in his position. In the last quarter, insiders have sold a total of 39,574 shares worth $6,505,085, and corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Several hedge funds have recently adjusted their positions in Deckers Outdoor. Resonant Capital Advisors LLC increased its stake by 2.2% during the fourth quarter, now holding 2,408 shares valued at $489,000 after acquiring an additional 52 shares. Bleakley Financial Group LLC raised its position by 3.9%, owning 1,444 shares worth $293,000 after acquiring 54 more shares. Additionally, Mather Group LLC boosted its stake by 2.6% to own 2,567 shares valued at $521,000 after procuring 64 shares. Prosperity Wealth Management Inc. increased its holdings by 2.8% to 2,777 shares worth $564,000 after buying 75 shares. Lastly, WD Rutherford LLC raised its position by 4.8% during the fourth quarter, now owning 1,735 shares valued at $352,000. Overall, institutional investors and hedge funds currently own 97.79% of Deckers Outdoor stock.

Deckers Outdoor Stock Performance

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On Tuesday, NYSE:DECK fell $3.48 during mid-day trading, reaching $133.77. The stock saw a trading volume of 3,812,299 shares, compared to its average volume of 3,131,072 shares. Deckers Outdoor's stock has touched a twelve-month low of $131.20 and a high of $223.98. It has a market capitalization of $20.30 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 1.68, and a beta of 1.07. The company’s 50-day simple moving average is $184.35, and the 200-day simple moving average is $157.61.

Deckers Outdoor (NYSE:DECK) reported its earnings results on February 6th, where it announced $3.00 earnings per share (EPS) for the quarter, exceeding the consensus estimate of $2.44 by $0.56. The company recorded a net margin of 19.14% and a return on equity of 41.71%. Equity analysts project that Deckers Outdoor will achieve an EPS of 5.89 for the current year.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, along with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle and high-performance activities globally. The company offers high-quality footwear, apparel, and accessories under the UGG brand; products for extreme runners and athletes through the HOKA brand; and sandals, shoes, and boots via the Teva brand.

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Should You Invest $1,000 in Deckers Outdoor Right Now?

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