Deckers Outdoor Target of Unusually Large Options Trading (NYSE:DECK)

Deckers Outdoor Co. (NYSE:DECK) was the target of some unusual options trading activity on Tuesday. Investors acquired 3,956 call options on the company. This represents an increase of 133% compared to the average volume of 1,696 call options.

Deckers Outdoor Stock Down 3.7 %

Shares of NYSE:DECK opened at $154.05 on Wednesday. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 5.26, a PEG ratio of 2.85 and a beta of 1.05. The firm’s 50-day simple moving average is $97.25 and its 200-day simple moving average is $50.78. Deckers Outdoor has a fifty-two week low of $80.67 and a fifty-two week high of $184.48.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $825.30 million for the quarter, compared to the consensus estimate of $808.40 million. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 earnings per share. On average, research analysts forecast that Deckers Outdoor will post 5.22 EPS for the current year.

Insider Activity

In other news, CFO Steven J. Fasching sold 9,198 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $166.67, for a total value of $1,533,030.66. Following the sale, the chief financial officer now directly owns 161,838 shares in the company, valued at approximately $26,973,539.46. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director David Powers sold 140,832 shares of Deckers Outdoor stock in a transaction on Friday, September 6th. The shares were sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the sale, the director now directly owns 2,450,808 shares in the company, valued at $58,756,760.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven J. Fasching sold 9,198 shares of Deckers Outdoor stock in a transaction on Friday, October 4th. The stock was sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the sale, the chief financial officer now owns 161,838 shares in the company, valued at $26,973,539.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Deckers Outdoor by 18.9% during the first quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock worth $2,751,448,000 after buying an additional 464,020 shares in the last quarter. AMF Tjanstepension AB boosted its holdings in Deckers Outdoor by 495.7% during the third quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock worth $151,924,000 after buying an additional 792,849 shares in the last quarter. Wedge Capital Management L L P NC raised its position in Deckers Outdoor by 650.1% during the third quarter. Wedge Capital Management L L P NC now owns 304,354 shares of the textile maker’s stock worth $48,529,000 after acquiring an additional 263,779 shares during the last quarter. Millennium Management LLC raised its position in Deckers Outdoor by 231.2% during the second quarter. Millennium Management LLC now owns 233,810 shares of the textile maker’s stock worth $226,316,000 after acquiring an additional 163,210 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Deckers Outdoor by 663.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 214,592 shares of the textile maker’s stock worth $34,217,000 after acquiring an additional 186,483 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. UBS Group lifted their price target on shares of Deckers Outdoor from $225.00 to $226.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Wedbush reiterated an “outperform” rating and set a $28.61 price target on shares of Deckers Outdoor in a research note on Friday, July 26th. StockNews.com lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Robert W. Baird lifted their price objective on shares of Deckers Outdoor from $29.17 to $29.86 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Seaport Res Ptn lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus price target of $114.57.

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 in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.