Truist Financial Corp Increases Stock Position in Deckers Outdoor Co. (NYSE:DECK)

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

Several other institutional investors and hedge funds have also made changes to their positions in DECK. AMF Tjanstepension AB boosted its stake 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 valued at $151,924,000 after purchasing an additional 792,849 shares during the period. Creative Planning boosted its stake in Deckers Outdoor by 492.5% during the 3rd quarter. Creative Planning now owns 30,093 shares of the textile maker’s stock valued at $4,798,000 after acquiring an additional 25,014 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in Deckers Outdoor by 549.5% during the 3rd quarter. Bleakley Financial Group LLC now owns 1,390 shares of the textile maker’s stock valued at $222,000 after acquiring an additional 1,176 shares during the last quarter. Blue Trust Inc. boosted its stake in Deckers Outdoor by 56.6% during the 3rd quarter. Blue Trust Inc. now owns 736 shares of the textile maker’s stock valued at $117,000 after acquiring an additional 266 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in Deckers Outdoor by 546.4% during the 3rd quarter. Raymond James & Associates now owns 123,218 shares of the textile maker’s stock valued at $19,647,000 after acquiring an additional 104,155 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Citigroup upgraded 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 note on Friday, February 7th. TD Cowen increased their price objective 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. KeyCorp increased their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. UBS Group increased their target price on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Barclays increased their target price on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Stock Down 1.6 %

DECK stock opened at $150.14 on Friday. Deckers Outdoor Co. has a fifty-two week low of $131.39 and a fifty-two week high of $223.98. The firm’s 50-day simple moving average is $195.11 and its 200 day simple moving average is $149.36. The stock has a market cap of $22.79 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 1.75 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 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 analysts forecast 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 Deckers Outdoor stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the transaction, the director now owns 10,222 shares of the company’s stock, valued at $2,052,577.60. The trade was a 2.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at $54,015,478.44. This represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Deckers Outdoor 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.