Deckers Outdoor Co. (NYSE:DECK – Get Free Report) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 846,600 shares, a decrease of 10.0% from the August 15th total of 940,700 shares. Currently, 3.4% of the company’s stock are short sold. Based on an average trading volume of 349,000 shares, the short-interest ratio is currently 2.4 days.
Insider Activity
In other news, Director David Powers sold 140,832 shares of the 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 transaction, the director now owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.70% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Deckers Outdoor
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new position in Deckers Outdoor in the 2nd quarter valued at $5,052,000. Kestra Investment Management LLC bought a new stake in shares of Deckers Outdoor during the second quarter worth $662,000. Clearbridge Investments LLC bought a new stake in shares of Deckers Outdoor during the second quarter worth $1,381,000. New Century Financial Group LLC raised its position in shares of Deckers Outdoor by 91.0% during the second quarter. New Century Financial Group LLC now owns 892 shares of the textile maker’s stock worth $863,000 after acquiring an additional 425 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Deckers Outdoor by 20.6% during the second quarter. Cetera Investment Advisers now owns 6,119 shares of the textile maker’s stock worth $5,923,000 after acquiring an additional 1,044 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on DECK
Deckers Outdoor Price Performance
Shares of Deckers Outdoor stock traded up $2.13 during midday trading on Wednesday, hitting $157.23. 1,363,259 shares of the company were exchanged, compared to its average volume of 2,287,177. The firm has a market cap of $4.00 billion, a P/E ratio of 5.37, a PEG ratio of 2.66 and a beta of 1.05. Deckers Outdoor has a 52 week low of $80.67 and a 52 week high of $184.48. The firm has a 50 day simple moving average of $33.11 and a 200-day simple moving average of $28.31.
Deckers Outdoor (NYSE:DECK – Get Free Report) last posted its earnings results on Thursday, July 25th. The textile maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The business 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%. Deckers Outdoor’s revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the company earned $0.07 EPS. Equities research analysts expect that Deckers Outdoor will post 31.6 earnings per share for the current year.
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.
Recommended Stories
- Five stocks we like better than Deckers Outdoor
- Overbought Stocks Explained: Should You Trade Them?
- How Much Can You Make in Stocks in One Month?
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- This Is the Top Large-Cap Stock Insiders Are Buying
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside
Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.