Deckers Outdoor Corp (NYSE:DECK) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 2,189,400 shares, an increase of 11.1% from the June 30th total of 1,970,200 shares. Approximately 7.7% of the shares of the stock are sold short. Based on an average trading volume of 537,700 shares, the days-to-cover ratio is currently 4.1 days.

In other Deckers Outdoor news, insider Andrea O’donnell sold 2,100 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $153.13, for a total transaction of $321,573.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauri M. Shanahan sold 1,813 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $155.53, for a total value of $281,975.89. Following the transaction, the director now owns 12,131 shares of the company’s stock, valued at approximately $1,886,734.43. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,263 shares of company stock worth $807,763. Insiders own 0.90% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Covington Capital Management purchased a new stake in Deckers Outdoor during the second quarter worth about $25,000. Hanlon Investment Management Inc. purchased a new stake in Deckers Outdoor during the second quarter worth about $310,000. Voleon Capital Management LP purchased a new stake in Deckers Outdoor during the second quarter worth about $2,991,000. Doyle Wealth Management purchased a new stake in Deckers Outdoor during the second quarter worth about $37,000. Finally, Schroder Investment Management Group boosted its holdings in Deckers Outdoor by 43.2% during the second quarter. Schroder Investment Management Group now owns 23,343 shares of the textile maker’s stock worth $4,108,000 after buying an additional 7,044 shares in the last quarter.

A number of equities analysts recently commented on the stock. Pivotal Research boosted their price objective on shares of Deckers Outdoor to $152.00 in a research note on Monday, July 22nd. Zacks Investment Research raised Deckers Outdoor from a “hold” rating to a “buy” rating and set a $158.00 price target on the stock in a research report on Wednesday, May 29th. Wells Fargo & Co initiated coverage on Deckers Outdoor in a research report on Tuesday, April 23rd. They set a “market perform” rating and a $163.00 price target on the stock. Robert W. Baird set a $180.00 price target on Deckers Outdoor and gave the stock a “hold” rating in a research report on Friday, July 26th. Finally, Macquarie set a $155.00 price target on Deckers Outdoor and gave the stock a “hold” rating in a research report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $162.29.

Shares of NYSE DECK traded down $4.45 during midday trading on Thursday, reaching $132.94. 683,531 shares of the stock were exchanged, compared to its average volume of 545,706. The firm has a 50 day moving average of $165.46. The stock has a market cap of $4.13 billion, a PE ratio of 15.04, a P/E/G ratio of 1.37 and a beta of 0.82. The company has a quick ratio of 1.62, a current ratio of 2.69 and a debt-to-equity ratio of 0.24. Deckers Outdoor has a twelve month low of $101.69 and a twelve month high of $180.76.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.67) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.15) by $0.48. The firm had revenue of $276.80 million during the quarter, compared to analysts’ expectations of $259.71 million. Deckers Outdoor had a net margin of 13.45% and a return on equity of 27.74%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.98) EPS. On average, research analysts predict that Deckers Outdoor will post 8.65 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. 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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