Stock Traders Buy Large Volume of Put Options on Deckers Outdoor (NYSE:DECK)

Deckers Outdoor Co. (NYSE:DECK) saw unusually large options trading activity on Thursday. Traders bought 32,762 put options on the company. This is an increase of approximately 236% compared to the average volume of 9,747 put options.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DECK. Barclays lifted their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Robert W. Baird boosted their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Bank of America boosted their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. KeyCorp boosted their price target on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, UBS Group boosted their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Stock Up 2.0 %

Deckers Outdoor stock opened at $118.01 on Friday. The company has a market capitalization of $17.91 billion, a PE ratio of 19.13, a P/E/G ratio of 1.68 and a beta of 1.10. The firm has a fifty day simple moving average of $162.23 and a two-hundred day simple moving average of $164.36. Deckers Outdoor has a twelve month low of $112.10 and a twelve month high of $223.98.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, equities analysts expect that Deckers Outdoor will post 5.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the transaction, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, the director now owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% 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 company. California State Teachers Retirement System raised its stake in shares of Deckers Outdoor by 1.9% during the fourth quarter. California State Teachers Retirement System now owns 244,605 shares of the textile maker’s stock valued at $49,677,000 after acquiring an additional 4,576 shares during the last quarter. 111 Capital purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at about $580,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Deckers Outdoor by 113.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,094 shares of the textile maker’s stock valued at $14,032,000 after buying an additional 36,712 shares during the period. Siemens Fonds Invest GmbH increased its position in shares of Deckers Outdoor by 258.6% during the fourth quarter. Siemens Fonds Invest GmbH now owns 5,874 shares of the textile maker’s stock valued at $1,121,000 after buying an additional 4,236 shares during the period. Finally, Cim LLC increased its position in shares of Deckers Outdoor by 11.8% during the fourth quarter. Cim LLC now owns 21,050 shares of the textile maker’s stock valued at $4,275,000 after buying an additional 2,230 shares during the period. 97.79% of the stock is 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.