Today’s Stock On Watch: Could Deckers Outdoor Corporation (NYSE:DECK) Go Up After Its Newest Short Interest Report?

December 1, 2016 - By Richard Conner   ·   0 Comments

Today's Stock On Watch: Could Deckers Outdoor Corporation (NYSE:DECK) Go Up After Its Newest Short Interest Report?

The stock of Deckers Outdoor Corporation (NYSE:DECK) registered an increase of 7.69% in short interest. DECK’s total short interest was 4.21 million shares in December as published by FINRA. Its up 7.69% from 3.91M shares, reported previously. With 1.17M shares average volume, it will take short sellers 4 days to cover their DECK’s short positions. The short interest to Deckers Outdoor Corporation’s float is 13.23%. The stock increased 0.13% or $0.08 during the last trading session, hitting $59.48. Deckers Outdoor Corp (NYSE:DECK) has risen 2.22% since April 28, 2016 and is uptrending. It has underperformed by 3.71% the S&P500.

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 has a market cap of $1.82 billion. The Company’s divisions include activities of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer business, which includes E-Commerce business and retail store business. It has a 17.41 P/E ratio. The Firm sells accessories, such as handbags and loungewear, through domestic and international retailers, international distributors and directly to end user clients both domestically and internationally, through its Websites, call centers and retail stores.

Insitutional Activity: The institutional sentiment increased to 0.85 in Q2 2016. Its up 0.18, from 0.67 in 2016Q1. The ratio is positive, as 45 funds sold all Deckers Outdoor Corp shares owned while 79 reduced positions. 17 funds bought stakes while 66 increased positions. They now own 32.81 million shares or 1.69% less from 33.38 million shares in 2016Q1.
Cipher Capital L P has 56,786 shares for 0.23% of their US portfolio. Moreover, Blackrock Gru Ltd has 0% invested in Deckers Outdoor Corp (NYSE:DECK) for 47,080 shares. Trexquant Investment Lp last reported 0.03% of its portfolio in the stock. Ameritas Prns Inc last reported 0.03% of its portfolio in the stock. Pictet Asset Limited last reported 482,026 shares in the company. Proshare Advsrs Llc holds 0.01% of its portfolio in Deckers Outdoor Corp (NYSE:DECK) for 6,886 shares. Columbia Asset Mgmt holds 0.13% or 6,100 shares in its portfolio. Jpmorgan Chase & last reported 0% of its portfolio in the stock. Robecosam Ag last reported 22,890 shares in the company. Smith Graham & Advsrs L P last reported 153,645 shares in the company. Van Hulzen Asset Mngmt Limited Liability Company accumulated 1.01% or 30,829 shares. Cornerstone Advsr, a Washington-based fund reported 12 shares. Liberty Mutual Grp Asset Incorporated holds 14,077 shares or 0.03% of its portfolio. Bnp Paribas Arbitrage has 15,862 shares for 0% of their US portfolio. Texas Permanent School Fund last reported 24,486 shares in the company.

Insider Transactions: Since August 5, 2016, the stock had 0 insider purchases, and 3 sales for $3.66 million net activity. PERENCHIO JOHN G sold $1.58 million worth of Deckers Outdoor Corp (NYSE:DECK) on Friday, August 12. Powers David sold $112,299 worth of stock or 1,750 shares. 29,058 shares were sold by MARTINEZ ANGEL R, worth $1.96 million.

Deckers Outdoor Corp (NYSE:DECK) Ratings Coverage

Out of 19 analysts covering Deckers Outdoor (NYSE:DECK), 7 rate it a “Buy”, 3 “Sell”, while 9 “Hold”. This means 37% are positive. Deckers Outdoor has been the topic of 42 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, January 4 by B. Riley & Co. Telsey Advisory Group maintained Deckers Outdoor Corp (NYSE:DECK) on Monday, November 2 with “Market Perform” rating. Telsey Advisory Group maintained the stock with “Outperform” rating in Friday, October 28 report. The stock of Deckers Outdoor Corp (NYSE:DECK) earned “Buy” rating by Brean Capital on Friday, May 27. Canaccord Genuity maintained the shares of DECK in a report on Friday, May 27 with “Buy” rating. B. Riley & Co maintained Deckers Outdoor Corp (NYSE:DECK) rating on Friday, February 5. B. Riley & Co has “Neutral” rating and $48 price target. The stock has “Buy” rating given by Stifel Nicolaus on Friday, November 11. Goldman Sachs maintained the stock with “Buy” rating in Friday, May 27 report. Tigress Financial downgraded the shares of DECK in a report on Tuesday, June 7 to “Buy” rating. Citigroup maintained Deckers Outdoor Corp (NYSE:DECK) on Thursday, January 21 with “Buy” rating.

DECK Company Profile

Deckers Outdoor Corporation, incorporated on August 3, 1993, is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s divisions include activities 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. The Firm sells accessories, such as handbags and loungewear, through domestic and international retailers, international distributors and directly to end user clients both domestically and internationally, through its Websites, call centers and retail stores. The Firm markets its products primarily under three brands: UGG, Teva and Sanuk.

More recent Deckers Outdoor Corp (NYSE:DECK) news were published by: Fool.com which released: “Why Deckers Outdoor Corp’s Stock Dropped in November” on December 06, 2015. Also Investorplace.com published the news titled: “Trade of the Day: Deckers Outdoor Corp (NYSE:DECK)” on October 19, 2016. Fool.com‘s news article titled: “Deckers Outdoor Corp.: “Less Bad” is Actually Good in Year of Transition” with publication date: August 05, 2016 was also an interesting one.

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By Richard Conner

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