Deckers Outdoor Sees Unusually High Options Volume (DECK)

Deckers Outdoor Corp (NYSE:DECK) saw unusually large options trading activity on Thursday. Stock investors purchased 4,678 call options on the stock. This represents an increase of approximately 2,499% compared to the typical daily volume of 180 call options.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DECK. Flinton Capital Management LLC raised its position in Deckers Outdoor by 74.2% in the second quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock worth $118,000 after acquiring an additional 736 shares during the period. Riverhead Capital Management LLC raised its position in Deckers Outdoor by 75.5% in the second quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock worth $132,000 after acquiring an additional 831 shares during the period. Contravisory Investment Management Inc. raised its position in Deckers Outdoor by 21,160.0% in the fourth quarter. Contravisory Investment Management Inc. now owns 2,126 shares of the textile maker’s stock worth $171,000 after acquiring an additional 2,116 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Deckers Outdoor by 91.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock valued at $175,000 after purchasing an additional 1,213 shares during the period. Finally, First Mercantile Trust Co. bought a new stake in shares of Deckers Outdoor during the 4th quarter valued at $189,000. Institutional investors and hedge funds own 99.56% of the company’s stock.

Several brokerages recently issued reports on DECK. Buckingham Research raised their target price on shares of Deckers Outdoor from $73.00 to $89.00 and gave the stock a “neutral” rating in a report on Friday. Stifel Nicolaus raised their target price on shares of Deckers Outdoor from $93.00 to $107.00 and gave the stock a “buy” rating in a report on Friday. Robert W. Baird upgraded shares of Deckers Outdoor from a “neutral” rating to a “positive” rating and raised their target price for the stock from $87.00 to $108.00 in a report on Friday. Telsey Advisory Group raised their target price on shares of Deckers Outdoor from $96.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday. Finally, ValuEngine upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $85.00.

Deckers Outdoor (NYSE:DECK) opened at $94.90 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.25 and a quick ratio of 2.16. Deckers Outdoor has a 52-week low of $44.00 and a 52-week high of $98.62. The firm has a market cap of $3,030.00, a P/E ratio of 39.21, a price-to-earnings-growth ratio of 1.59 and a beta of 1.32.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, February 1st. The textile maker reported $4.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.84 by $1.13. Deckers Outdoor had a net margin of 4.17% and a return on equity of 17.72%. The business had revenue of $810.50 million for the quarter, compared to the consensus estimate of $748.38 million. During the same period last year, the firm earned $4.11 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. sell-side analysts predict that Deckers Outdoor will post 5.39 EPS for the current fiscal year.

Deckers Outdoor declared that its board has authorized a stock buyback program on Thursday, October 26th that allows the company to repurchase $335.00 million in outstanding shares. This repurchase authorization allows the textile maker to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

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Deckers Outdoor Company Profile

Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.

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