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

Truist Financial Corp trimmed its holdings in Deckers Outdoor Co. (NYSE:DECK) by 0.1% in the 4th quarter, HoldingsChannel reports. The firm 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Handelsbanken Fonder AB raised its holdings in shares of Deckers Outdoor by 12.4% during the 4th quarter. Handelsbanken Fonder AB now owns 5,444 shares of the textile maker’s stock worth $3,639,000 after acquiring an additional 600 shares in the last quarter. Advisor Resource Council purchased a new stake in Deckers Outdoor during the 4th quarter valued at $970,000. Advisors Preferred LLC purchased a new stake in Deckers Outdoor during the 4th quarter valued at $2,271,000. Marks Group Wealth Management Inc purchased a new stake in Deckers Outdoor during the 4th quarter valued at $6,185,000. Finally, Louisiana State Employees Retirement System purchased a new stake in Deckers Outdoor during the 4th quarter valued at $4,813,000. 97.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $844.13, for a total value 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $862.53, for a total value of $5,169,142.29. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at $84,715,971.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Angela Ogbechie sold 313 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the transaction, 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. Over the last 90 days, insiders sold 30,464 shares of company stock valued at $26,229,683. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DECK has been the topic of several recent research reports. TD Cowen increased their price target on Deckers Outdoor from $1,000.00 to $1,005.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Barclays assumed coverage on Deckers Outdoor in a research note on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 target price on the stock. Wells Fargo & Company increased their price target on Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Stifel Nicolaus increased their price target on Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a research report on Friday, February 2nd. Finally, Truist Financial reissued a “hold” rating and set a $864.00 price target (down previously from $983.00) on shares of Deckers Outdoor in a research report on Wednesday, April 10th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus price target of $889.00.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $842.34 on Friday. The company has a market cap of $21.62 billion, a PE ratio of 30.30, a P/E/G ratio of 1.48 and a beta of 1.05. The business has a 50-day simple moving average of $878.19 and a two-hundred day simple moving average of $759.64. Deckers Outdoor Co. has a fifty-two week low of $424.36 and a fifty-two week high of $956.17.

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

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