Deckers Outdoor Co. (NYSE:DECK) Stock Holdings Lifted by Truist Financial Corp

Truist Financial Corp lifted its position in Deckers Outdoor Co. (NYSE:DECK) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,321 shares of the textile maker’s stock after acquiring an additional 1,548 shares during the period. Truist Financial Corp’s holdings in Deckers Outdoor were worth $11,032,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DECK. AMF Tjanstepension AB increased its position in shares of Deckers Outdoor by 495.7% in the third quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock worth $151,924,000 after acquiring an additional 792,849 shares in the last quarter. Creative Planning increased its position in shares of Deckers Outdoor by 492.5% in the third quarter. Creative Planning now owns 30,093 shares of the textile maker’s stock worth $4,798,000 after acquiring an additional 25,014 shares in the last quarter. Bleakley Financial Group LLC increased its position in shares of Deckers Outdoor by 549.5% in the third quarter. Bleakley Financial Group LLC now owns 1,390 shares of the textile maker’s stock worth $222,000 after acquiring an additional 1,176 shares in the last quarter. Blue Trust Inc. increased its position in shares of Deckers Outdoor by 56.6% in the third quarter. Blue Trust Inc. now owns 736 shares of the textile maker’s stock worth $117,000 after acquiring an additional 266 shares in the last quarter. Finally, Raymond James & Associates increased its position in shares of Deckers Outdoor by 546.4% in the third quarter. Raymond James & Associates now owns 123,218 shares of the textile maker’s stock worth $19,647,000 after acquiring an additional 104,155 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Trading Down 1.6 %

Shares of DECK stock opened at $150.14 on Friday. Deckers Outdoor Co. has a 1 year low of $131.39 and a 1 year high of $223.98. The firm’s fifty day simple moving average is $195.11 and its 200 day simple moving average is $149.36. The firm has a market capitalization of $22.79 billion, a P/E ratio of 24.34, a price-to-earnings-growth ratio of 1.75 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Equities research analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the sale, the director now owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. This represents a 2.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DECK. Truist Financial dropped their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Citigroup raised shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a research report on Friday, February 7th. TD Cowen lifted their target price on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Needham & Company LLC reiterated a “buy” rating and issued a $246.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Robert W. Baird lifted their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $197.41.

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 in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.