Deckers Outdoor Co. Sees Significant Rise in Short Interest for February

Deckers Outdoor Co. (NYSE:DECK) experienced a notable rise in short interest during February. As of February 15th, the total short interest amounted to 4,510,000 shares, marking an increase of 28.5% from the January 31st figure of 3,510,000 shares. With an average daily trading volume of 2,540,000 shares, the current short-interest ratio stands at 1.8 days.

Analysts Update Price Targets

Deckers Outdoor has been analyzed in several recent research reports. Truist Financial revised its target price from $235.00 to $225.00 while maintaining a "buy" rating as of January 31st. On the other hand, Evercore ISI raised their target price from $195.00 to $235.00 and rated the stock as "outperform" on January 9th. Additionally, Bank of America adjusted its price target from $182.00 to $217.00 and classified the stock as "neutral" on January 23rd. Guggenheim reiterated a "neutral" rating for Deckers Outdoor on January 31st. Furthermore, UBS Group increased its target price from $267.00 to $284.00 while continuing to recommend the stock as a "buy." In total, nine research analysts have assigned a hold rating, while eleven have issued a buy rating. According to MarketBeat.com, Deckers Outdoor has a consensus rating of "Moderate Buy" and an average target price of $197.41.

Insider Transactions at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of Deckers Outdoor stock on February 28th at an average price of $138.84, resulting in a total sale value of $3,471,000. After this transaction, Powers retains 241,777 shares valued at $33,568,318.68, which is a 9.37% reduction in their holdings. This sale was reported to the Securities & Exchange Commission. Additionally, CEO Caroti Stefano sold 14,274 shares on December 11th at an average price of $208.34, totaling about $2,973,845. Following this sale, the CEO now owns 259,266 shares valued at approximately $54,015,478.44, reflecting a decrease of 5.22% in their position. Over the last quarter, insiders have sold a total of 39,574 shares for $6,505,085. Currently, corporate insiders own about 0.40% of the company's stock.

Institutional Investor Activity

Multiple hedge funds have recently altered their positions in Deckers Outdoor stock. Resonant Capital Advisors LLC boosted their stake by 2.2% during the fourth quarter, now owning 2,408 shares valued at $489,000. Bleakley Financial Group LLC raised its position by 3.9%, now holding 1,444 shares worth $293,000. Additionally, Mather Group LLC and Prosperity Wealth Management Inc. increased their ownership by 2.6% and 2.8%, respectively. Overall, institutional investors and hedge funds hold 97.79% of Deckers Outdoor’s stock.

Stock Performance Overview

On February 6th, Deckers Outdoor reported strong earnings results. The company posted earnings of $3.00 per share, exceeding the consensus estimate of $2.44 by $0.56. The company showed a net margin of 19.14% and a return on equity of 41.71%. Analysts predict that Deckers Outdoor will post an annual earnings per share of 5.89 this year. During the trading day, Deckers Outdoor shares fell by $3.48, bringing the stock price to $133.77, with a trading volume of 3,812,299 shares, slightly higher than its average of 3,131,072 shares. The stock has fluctuated between a 12-month low of $131.20 and a high of $223.98, and has a market cap of $20.30 billion, with a price-to-earnings ratio of 21.69.

About Deckers Outdoor Corporation

Deckers Outdoor Corporation, together with its subsidiaries, integrates design, marketing, and distribution of footwear, apparel, and accessories aimed at casual lifestyles as well as high-performance activities across the globe. The company is known for its premium offerings under the UGG brand, as well as products catering to athletes and ultra-runners through the HOKA brand, and a variety of sandals and footwear from the Teva brand.

Final Note

Investors should consider their options carefully before making decisions related to Deckers Outdoor stock. Despite a recent favorable rating from analysts, some believe there are potentially better investment opportunities available.

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