Truist Financial Corp Sells 12 Shares of Deckers Outdoor Co. (NYSE:DECK)

Truist Financial Corp reduced its stake in Deckers Outdoor Co. (NYSE:DECK) by 0.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,191 shares of the textile maker’s stock after selling 12 shares during the quarter. Truist Financial Corp’s holdings in Deckers Outdoor were worth $5,475,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Anchor Investment Management LLC bought a new stake in Deckers Outdoor during the 4th quarter worth about $33,000. FSC Wealth Advisors LLC bought a new stake in Deckers Outdoor during the 4th quarter worth about $39,000. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of Deckers Outdoor by 170.0% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock worth $42,000 after purchasing an additional 51 shares during the last quarter. Janiczek Wealth Management LLC increased its stake in shares of Deckers Outdoor by 20.8% during the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock worth $62,000 after purchasing an additional 16 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Deckers Outdoor during the 4th quarter worth about $80,000. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $842.34 on Friday. Deckers Outdoor Co. has a 52-week low of $424.36 and a 52-week high of $956.17. The firm has a 50 day moving average price of $878.19 and a two-hundred day moving average price of $759.64. The stock has a market cap of $21.62 billion, a P/E ratio of 30.30, a price-to-earnings-growth ratio of 1.48 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.40 by $3.71. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the company posted $10.48 EPS. The company’s revenue was up 16.0% on a year-over-year basis. Analysts predict that Deckers Outdoor Co. will post 26.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DECK has been the topic of several recent analyst reports. Stifel Nicolaus boosted their price objective on shares of Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a research note on Friday, February 2nd. UBS Group upped their price target on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Raymond James upped their price target on shares of Deckers Outdoor from $585.00 to $845.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Piper Sandler upped their price target on shares of Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Finally, Bank of America lowered shares of Deckers Outdoor from a “buy” rating to a “neutral” rating and decreased their price target for the company from $875.00 to $860.00 in a research note on Thursday, April 25th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $889.00.

Insider Transactions at Deckers Outdoor

In other news, CEO David Powers sold 5,993 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $862.53, for a total transaction of $5,169,142.29. Following the completion of the sale, the chief executive officer now directly owns 98,218 shares in the company, valued at $84,715,971.54. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO David Powers sold 5,993 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $862.53, for a total transaction of $5,169,142.29. Following the completion of the sale, the chief executive officer now directly owns 98,218 shares in the company, valued at $84,715,971.54. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Angela Ogbechie sold 313 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $844.13, for a total transaction of $264,212.69. Following the completion of the sale, the insider now owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The disclosure for this sale can be found here. Insiders sold a total of 30,464 shares of company stock worth $26,229,683 over the last three months. 0.70% of the stock is owned by company insiders.

Deckers Outdoor Company Profile

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.