Deckers Outdoor Target of Unusually High Options Trading (DECK)

Deckers Outdoor Corp (NYSE:DECK) was the recipient of unusually large options trading on Thursday. Stock investors purchased 2,965 put options on the company. This is an increase of 829% compared to the typical volume of 319 put options.

In other Deckers Outdoor news, Director John Mersman Gibbons sold 3,000 shares of Deckers Outdoor stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $134.00, for a total value of $402,000.00. Following the completion of the transaction, the director now directly owns 28,663 shares of the company’s stock, valued at approximately $3,840,842. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David Powers sold 1,500 shares of Deckers Outdoor stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $128.31, for a total value of $192,465.00. Following the completion of the transaction, the chief executive officer now directly owns 66,047 shares of the company’s stock, valued at $8,474,490.57. The disclosure for this sale can be found here. Insiders have sold a total of 6,250 shares of company stock valued at $821,965 over the last three months. Corporate insiders own 0.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC grew its position in shares of Deckers Outdoor by 37.4% during the third quarter. AQR Capital Management LLC now owns 1,552,467 shares of the textile maker’s stock worth $184,092,000 after buying an additional 422,981 shares in the last quarter. FMR LLC grew its position in shares of Deckers Outdoor by 43.7% during the third quarter. FMR LLC now owns 1,010,311 shares of the textile maker’s stock worth $119,803,000 after buying an additional 306,997 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd grew its position in shares of Deckers Outdoor by 5.8% during the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 808,573 shares of the textile maker’s stock worth $95,880,000 after buying an additional 44,300 shares in the last quarter. Northern Trust Corp grew its position in shares of Deckers Outdoor by 2.4% during the second quarter. Northern Trust Corp now owns 752,880 shares of the textile maker’s stock worth $84,993,000 after buying an additional 17,775 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Deckers Outdoor by 29.7% during the third quarter. JPMorgan Chase & Co. now owns 582,742 shares of the textile maker’s stock worth $69,101,000 after buying an additional 133,290 shares in the last quarter.

Several research firms have weighed in on DECK. ValuEngine downgraded Deckers Outdoor from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Pivotal Research set a $120.00 target price on Deckers Outdoor and gave the company a “hold” rating in a research report on Wednesday, October 24th. Susquehanna Bancshares raised Deckers Outdoor from a “neutral” rating to a “positive” rating in a research report on Friday, October 26th. Finally, Macquarie set a $105.00 target price on Deckers Outdoor and gave the company a “hold” rating in a research report on Tuesday, October 30th. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $118.14.

Shares of Deckers Outdoor stock opened at $113.30 on Friday. Deckers Outdoor has a one year low of $81.43 and a one year high of $137.49. The stock has a market cap of $3.69 billion, a PE ratio of 19.74, a P/E/G ratio of 1.64 and a beta of 0.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 1.26.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 25th. The textile maker reported $2.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.66. Deckers Outdoor had a return on equity of 23.27% and a net margin of 7.69%. The business had revenue of $501.91 million during the quarter, compared to the consensus estimate of $496.22 million. During the same period in the previous year, the company posted $1.54 earnings per share. On average, sell-side analysts predict that Deckers Outdoor will post 6.82 earnings per share for the current year.

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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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