Deckers Outdoor Corp (NYSE:DECK) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 1,850,000 shares, an increase of 13.5% from the January 15th total of 1,630,000 shares. Approximately 6.7% of the company’s shares are sold short. Based on an average trading volume of 432,400 shares, the days-to-cover ratio is presently 4.3 days.

DECK stock traded up $0.01 during trading on Friday, hitting $200.56. 352,687 shares of the company’s stock were exchanged, compared to its average volume of 551,845. The business has a 50-day moving average price of $178.22 and a two-hundred day moving average price of $159.07. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.63 and a beta of 0.70. Deckers Outdoor has a 52-week low of $130.19 and a 52-week high of $203.17. The company has a current ratio of 2.89, a quick ratio of 2.10 and a debt-to-equity ratio of 0.20.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, January 30th. The textile maker reported $7.14 earnings per share for the quarter, topping the consensus estimate of $6.55 by $0.59. Deckers Outdoor had a return on equity of 27.93% and a net margin of 13.20%. The firm had revenue of $938.74 million during the quarter, compared to analysts’ expectations of $900.43 million. During the same quarter in the previous year, the business earned $6.59 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts anticipate that Deckers Outdoor will post 9.54 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on DECK. Bank of America lifted their price objective on Deckers Outdoor from $202.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Stifel Nicolaus lifted their price objective on Deckers Outdoor from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Robert W. Baird lifted their price objective on Deckers Outdoor from $205.00 to $216.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Evercore ISI restated a “hold” rating and set a $175.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Wells Fargo & Co boosted their target price on Deckers Outdoor from $195.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $199.73.

In other news, CEO David Powers sold 2,500 shares of Deckers Outdoor stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $170.00, for a total value of $425,000.00. Following the completion of the transaction, the chief executive officer now owns 91,490 shares in the company, valued at approximately $15,553,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO David E. Lafitte sold 782 shares of Deckers Outdoor stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $193.28, for a total value of $151,144.96. Following the completion of the transaction, the chief operating officer now owns 30,055 shares of the company’s stock, valued at approximately $5,809,030.40. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. State of New Jersey Common Pension Fund D purchased a new stake in Deckers Outdoor in the third quarter valued at approximately $3,507,000. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Deckers Outdoor by 250.7% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,443 shares of the textile maker’s stock valued at $1,686,000 after buying an additional 8,180 shares during the last quarter. Stifel Financial Corp lifted its stake in Deckers Outdoor by 61.1% in the third quarter. Stifel Financial Corp now owns 78,044 shares of the textile maker’s stock valued at $11,523,000 after buying an additional 29,606 shares during the last quarter. First Mercantile Trust Co. purchased a new stake in Deckers Outdoor in the third quarter valued at approximately $530,000. Finally, Public Employees Retirement System of Ohio lifted its stake in Deckers Outdoor by 13.3% in the third quarter. Public Employees Retirement System of Ohio now owns 32,804 shares of the textile maker’s stock valued at $4,834,000 after buying an additional 3,858 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

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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