Today Deckers Outdoor Corp Had High Bearish Options Activity

 Today Deckers Outdoor Corp Had High Bearish Options Activity

In today’s session Deckers Outdoor Corp (DECK) recorded an unusually high (685) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious DECK decrease. With 685 contracts traded and 15904 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: DECK161216P00055000 closed last at: $1.6 or 36% down. About 163,971 shares traded hands. Deckers Outdoor Corp (NYSE:DECK) has risen 7.25% since April 12, 2016 and is uptrending. It has outperformed by 2.27% the S&P500.

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. $86.0 is the highest target while $19 is the lowest. The $58.20 average target is -5.24% below today’s ($61.42) stock price. Deckers Outdoor has been the topic of 42 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Deckers Outdoor Corp (NYSE:DECK) has “Buy” rating given on Friday, July 31 by Canaccord Genuity. Standpoint Research downgraded Deckers Outdoor Corp (NYSE:DECK) on Tuesday, August 2 to “Hold” rating. The company was downgraded on Tuesday, October 27 by Sterne Agee CRT. On Friday, May 27 the stock rating was maintained by Credit Suisse with “Neutral”. Citigroup maintained the shares of DECK in a report on Friday, July 29 with “Neutral” rating. As per Monday, November 30, the company rating was maintained by Piper Jaffray. Sterne Agee CRT downgraded the shares of DECK in a report on Friday, February 5 to “Underperform” rating. The company was downgraded on Friday, May 27 by Citigroup. The rating was maintained by Citigroup on Thursday, January 21 with “Buy”. The firm has “Buy” rating by Citigroup given on Tuesday, March 29.

According to Zacks Investment Research, “DECKERS OUTDOOR CORP. designs, manufactures, and markets innovative, function-oriented footwear and apparel that have been developed for high-performance outdoor, sports and other lifestyle related activities, as well as for casual use.”

Insitutional Activity: The institutional sentiment decreased to 0.67 in Q2 2016. Its down 0.27, from 0.94 in 2016Q1. The ratio worsened, 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.
Blackrock last reported 26,988 shares in the company. D E Shaw Comm Incorporated last reported 0.01% of its portfolio in the stock. Arizona State Retirement accumulated 12,508 shares or 0.01% of the stock. Creative Planning holds 1,838 shares or 0% of its portfolio. Dekabank Deutsche Girozentrale has 0% invested in the company for 6,434 shares. Barrow Hanley Mewhinney & Strauss Limited Co has 0.01% invested in the company for 102,229 shares. Aperio Gp Limited has invested 0.01% of its portfolio in Deckers Outdoor Corp (NYSE:DECK). Moreover, Ubs Asset Management Americas Incorporated has 0% invested in Deckers Outdoor Corp (NYSE:DECK) for 21,572 shares. Teacher Retirement Systems Of Texas last reported 0% of its portfolio in the stock. Euclidean Tech Mgmt accumulated 2.38% or 38,645 shares. Palisade Mgmt Limited Liability Corporation Nj has 228,929 shares for 0.48% of their US portfolio. California State Teachers Retirement has 68,141 shares for 0.01% of their US portfolio. Landscape holds 0.28% or 36,354 shares in its portfolio. Strs Ohio, a Ohio-based fund reported 1,400 shares. Ls Limited Liability Corp, a Michigan-based fund reported 1,987 shares.

Insider Transactions: Since August 5, 2016, the stock had 0 buys, and 3 selling transactions for $3.66 million net activity. PERENCHIO JOHN G also sold $1.58 million worth of Deckers Outdoor Corp (NYSE:DECK) shares. On Friday, August 5 the insider Powers David sold $112,299. $1.96M worth of shares were sold by MARTINEZ ANGEL R on Tuesday, August 16.

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 $2.16 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 17.98 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.

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 news for Deckers Outdoor Corp (NYSE:DECK) were recently published by: Fool.com, which released: “Deckers Outdoor Corp.: “Less Bad” is Actually Good in Year of Transition” on August 05, 2016. Nasdaq.com‘s article titled: “Earnings Reaction History: Deckers Outdoor Corporation, 33.3% Follow-Through …” and published on October 27, 2016 is yet another important article.

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