Deckers Outdoor Sees Unusually High Options Volume (NYSE:DECK)

Deckers Outdoor Co. (NYSE:DECK) saw unusually large options trading activity on Thursday. Stock traders bought 32,762 put options on the company. This represents an increase of 236% compared to the average daily volume of 9,747 put options.

Deckers Outdoor Price Performance

Deckers Outdoor stock traded down $3.38 during trading on Thursday, reaching $115.67. 2,053,965 shares of the company were exchanged, compared to its average volume of 3,125,090. Deckers Outdoor has a 52-week low of $115.00 and a 52-week high of $223.98. The stock’s 50 day simple moving average is $165.87 and its two-hundred day simple moving average is $164.06. The company has a market capitalization of $17.56 billion, a P/E ratio of 18.75, a PEG ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, equities analysts forecast that Deckers Outdoor will post 5.89 earnings per share for the current year.

Insider Buying and Selling

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the sale, the director now directly owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the transaction, the director now owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Mpwm Advisory Solutions LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter worth about $26,000. Headlands Technologies LLC purchased a new position in Deckers Outdoor during the fourth quarter worth about $29,000. Vega Investment Solutions acquired a new stake in shares of Deckers Outdoor during the fourth quarter valued at about $29,000. Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter valued at approximately $31,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Deckers Outdoor by 250.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after acquiring an additional 120 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on DECK. Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Bank of America raised their target price on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Wells Fargo & Company reduced their price target on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Robert W. Baird raised their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $240.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and an average target price of $197.41.

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.