Deckers Outdoor Corp (NYSE:DECK) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 1,530,000 shares, a drop of 7.8% from the April 30th total of 1,660,000 shares. Currently, 5.5% of the company’s stock are short sold. Based on an average daily trading volume, of 491,500 shares, the short-interest ratio is presently 3.1 days.

A number of hedge funds have recently added to or reduced their stakes in DECK. Bank of America Corp DE raised its position in Deckers Outdoor by 48.4% in the 4th quarter. Bank of America Corp DE now owns 217,697 shares of the textile maker’s stock worth $36,759,000 after purchasing an additional 71,039 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Deckers Outdoor by 135.7% during the 4th quarter. Alliancebernstein L.P. now owns 728,081 shares of the textile maker’s stock valued at $122,944,000 after acquiring an additional 419,145 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Deckers Outdoor by 7,575.0% during the 4th quarter. Macquarie Group Ltd. now owns 122,800 shares of the textile maker’s stock valued at $20,736,000 after acquiring an additional 121,200 shares during the last quarter. James Investment Research Inc. raised its position in shares of Deckers Outdoor by 30.8% during the 4th quarter. James Investment Research Inc. now owns 21,879 shares of the textile maker’s stock valued at $3,694,000 after acquiring an additional 5,154 shares during the last quarter. Finally, Dorsey Wright & Associates raised its position in shares of Deckers Outdoor by 2.5% during the 4th quarter. Dorsey Wright & Associates now owns 16,942 shares of the textile maker’s stock valued at $2,861,000 after acquiring an additional 406 shares during the last quarter. 96.00% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have weighed in on DECK shares. Robert W. Baird raised their target price on Deckers Outdoor from $205.00 to $216.00 and gave the company an “outperform” rating in a report on Friday, January 31st. BTIG Research raised their price target on Deckers Outdoor from $201.00 to $208.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus raised their price target on Deckers Outdoor from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Friday. Telsey Advisory Group lowered their price target on Deckers Outdoor from $205.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, May 18th. Finally, ValuEngine raised Deckers Outdoor from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $188.94.

DECK stock traded up $11.21 during trading on Friday, reaching $179.24. 1,086,938 shares of the stock were exchanged, compared to its average volume of 410,381. Deckers Outdoor has a twelve month low of $78.70 and a twelve month high of $203.19. The company has a market capitalization of $4.70 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 1.64 and a beta of 0.90. The stock has a 50 day simple moving average of $142.30 and a 200-day simple moving average of $160.31. 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 released its earnings results on Thursday, May 21st. The textile maker reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.48. Deckers Outdoor had a return on equity of 27.29% and a net margin of 12.95%. The business had revenue of $374.90 million for the quarter, compared to the consensus estimate of $355.40 million. During the same period last year, the business earned $0.85 earnings per share. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. Equities analysts predict that Deckers Outdoor will post 6.93 EPS 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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