Is Buying Deckers Outdoor Corp Here a Winning Strategy? Option Traders Like The Stock

 Is Buying Deckers Outdoor Corp Here a Winning Strategy? Option Traders Like The Stock

In today’s session Deckers Outdoor Corp (DECK) registered an unusually high (250) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious DECK increase. With 250 contracts traded and 644 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: DECK170120C00070000 closed last at: $1.35 or 50% up. The stock increased 0.22% or $0.14 on November 23, hitting $64.8. About 480,803 shares traded hands. Deckers Outdoor Corp (NYSE:DECK) has risen 10.15% since April 22, 2016 and is uptrending. It has outperformed by 4.74% the S&P500.

Analysts await Deckers Outdoor Corp (NYSE:DECK) to report earnings on February, 2. They expect $4.22 earnings per share, down 11.72% or $0.56 from last year’s $4.78 per share. DECK’s profit will be $141.32M for 3.84 P/E if the $4.22 EPS becomes a reality. After $1.23 actual earnings per share reported by Deckers Outdoor Corp for the previous quarter, Wall Street now forecasts 243.09% EPS growth.

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. Telsey Advisory Group maintained Deckers Outdoor Corp (NYSE:DECK) rating on Friday, October 28. Telsey Advisory Group has “Outperform” rating and $72 price target. The rating was downgraded by Susquehanna to “Negative” on Thursday, October 13. The stock of Deckers Outdoor Corp (NYSE:DECK) earned “Buy” rating by Citigroup on Thursday, January 21. The rating was maintained by Nomura on Monday, May 2 with “Neutral”. The firm has “Neutral” rating given on Monday, January 4 by B. Riley & Co. The firm has “Buy” rating by Goldman Sachs given on Friday, May 27. The stock of Deckers Outdoor Corp (NYSE:DECK) earned “Neutral” rating by Citigroup on Friday, July 29. The company was maintained on Friday, May 27 by Canaccord Genuity. The firm has “Underperform” rating by Sterne Agee CRT given on Friday, February 5. The stock of Deckers Outdoor Corp (NYSE:DECK) earned “Neutral” rating by Buckingham Research on Friday, May 27.

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 increased to 0.85 in 2016 Q2. Its up 0.18, from 0.67 in 2016Q1. The ratio increased, 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.
Winslow Evans & Crocker has 0% invested in the company for 100 shares. Legal General Group Public Ltd, a United Kingdom-based fund reported 20,352 shares. Frontier Management Ltd Liability Corp holds 0.33% or 693,550 shares in its portfolio. Pictet Asset Ltd accumulated 482,026 shares or 0.1% of the stock. Moreover, Us Bank De has 0% invested in Deckers Outdoor Corp (NYSE:DECK) for 2,221 shares. Pnc Fin Grp accumulated 0% or 1,768 shares. Blackrock holds 0% of its portfolio in Deckers Outdoor Corp (NYSE:DECK) for 26,988 shares. Assetmark reported 287 shares or 0% of all its holdings. Ameritas Inv Ptnrs accumulated 7,546 shares or 0.03% of the stock. Edge Asset Management Incorporated holds 0.09% or 168,900 shares in its portfolio. Polaris Capital Limited reported 27,300 shares or 0.14% of all its holdings. California State Teachers Retirement Systems owns 68,141 shares or 0.01% of their US portfolio. Smith Graham Advisors Lp holds 1.22% of its portfolio in Deckers Outdoor Corp (NYSE:DECK) for 153,645 shares. State Bank Of Ny Mellon last reported 813,754 shares in the company. The Germany-based Deutsche Savings Bank Ag has invested 0.01% in Deckers Outdoor Corp (NYSE:DECK).

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

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 $2.17 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 18.97 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 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 Fool.com published the news titled: “Deckers Outdoor Corp.: “Less Bad” is Actually Good in Year of Transition” on August 05, 2016. Streetinsider.com‘s news article titled: “Form 4 DECKERS OUTDOOR CORP For: Nov 21 Filed by: O’Donnell Andrea” with publication date: November 23, 2016 was also an interesting one.

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