Deckers Outdoor Co. (NYSE:DECK – Get Free Report) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 1,320,000 shares, an increase of 12.8% from the October 31st total of 1,170,000 shares. Based on an average daily volume of 388,800 shares, the short-interest ratio is presently 3.4 days. Currently, 5.2% of the shares of the company are short sold.

Analyst Ratings Changes

A number of analysts have recently weighed in on DECK shares. BTIG Research upped their price target on shares of Deckers Outdoor from $640.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $600.00 price target on shares of Deckers Outdoor in a report on Tuesday, October 24th. Wedbush upped their price target on shares of Deckers Outdoor from $650.00 to $705.00 and gave the stock an “outperform” rating in a report on Friday. TD Cowen increased their price objective on shares of Deckers Outdoor from $689.00 to $705.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Piper Sandler downgraded shares of Deckers Outdoor from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $620.00 to $650.00 in a research note on Thursday, November 16th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus price target of $630.00.

Check Out Our Latest Analysis on DECK

Deckers Outdoor Stock Up 3.2 %

Shares of DECK stock traded up $21.09 during trading hours on Friday, hitting $685.06. 423,768 shares of the company’s stock traded hands, compared to its average volume of 321,300. The stock’s 50 day simple moving average is $567.30 and its 200 day simple moving average is $537.09. The stock has a market cap of $17.63 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 1.58 and a beta of 0.95. Deckers Outdoor has a 12 month low of $361.62 and a 12 month high of $685.53.

Deckers Outdoor (NYSE:DECK – Get Free Report) last released its quarterly earnings results on Thursday, October 26th. The textile maker reported $6.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $2.41. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $960.54 million. Deckers Outdoor had a net margin of 15.51% and a return on equity of 33.96%. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.80 earnings per share. As a group, equities research analysts expect that Deckers Outdoor will post 23.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Thomas Garcia sold 3,595 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $516.73, for a total transaction of $1,857,644.35. Following the transaction, the insider now owns 16,457 shares in the company, valued at approximately $8,503,825.61. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Thomas Garcia sold 3,595 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $516.73, for a total transaction of $1,857,644.35. Following the completion of the sale, the insider now owns 16,457 shares of the company’s stock, valued at approximately $8,503,825.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael F. Devine III sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $587.00, for a total transaction of $2,348,000.00. Following the sale, the director now directly owns 8,088 shares of the company’s stock, valued at approximately $4,747,656. The disclosure for this sale can be found here. Insiders have sold a total of 14,787 shares of company stock worth $8,251,144 in the last quarter. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Large investors have recently modified their holdings of the company. LPL Financial LLC increased its position in shares of Deckers Outdoor by 6.8% during the second quarter. LPL Financial LLC now owns 18,404 shares of the textile maker’s stock worth $9,711,000 after buying an additional 1,169 shares during the period. Citigroup Inc. increased its position in shares of Deckers Outdoor by 10.7% during the first quarter. Citigroup Inc. now owns 16,348 shares of the textile maker’s stock worth $7,349,000 after buying an additional 1,581 shares during the period. Northstar Group Inc. acquired a new stake in shares of Deckers Outdoor during the second quarter worth $201,000. MAI Capital Management increased its position in shares of Deckers Outdoor by 9.8% during the first quarter. MAI Capital Management now owns 837 shares of the textile maker’s stock worth $376,000 after buying an additional 75 shares during the period. Finally, KBC Group NV acquired a new stake in shares of Deckers Outdoor during the second quarter worth $709,000. 95.69% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Company Profile (Get Free Report)

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.

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Original: MarketBeat News Feed: Deckers Outdoor Co. (NYSE:DECK) Short Interest Up 12.8% in November