Truist Financial Corp trimmed its stake in shares of Deckers Outdoor Co. (NYSE:DECK – Free Report) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,871 shares of the textile maker’s stock after selling 337 shares during the quarter. Truist Financial Corp’s holdings in Deckers Outdoor were worth $4,153,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in DECK. CIBC Asset Management Inc boosted its holdings in shares of Deckers Outdoor by 3.6% in the 1st quarter. CIBC Asset Management Inc now owns 728 shares of the textile maker’s stock worth $327,000 after acquiring an additional 25 shares in the last quarter. Alliance Wealth Advisors LLC UT boosted its holdings in shares of Deckers Outdoor by 2.8% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 978 shares of the textile maker’s stock worth $440,000 after acquiring an additional 27 shares in the last quarter. Janiczek Wealth Management LLC boosted its holdings in shares of Deckers Outdoor by 64.3% in the 2nd quarter. Janiczek Wealth Management LLC now owns 69 shares of the textile maker’s stock worth $36,000 after acquiring an additional 27 shares in the last quarter. Chase Investment Counsel Corp boosted its holdings in shares of Deckers Outdoor by 0.5% in the 2nd quarter. Chase Investment Counsel Corp now owns 5,753 shares of the textile maker’s stock worth $3,035,000 after acquiring an additional 27 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Deckers Outdoor by 1.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,807 shares of the textile maker’s stock worth $812,000 after acquiring an additional 33 shares in the last quarter. 95.69% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Robert W. Baird upped their price objective on Deckers Outdoor from $575.00 to $620.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Wedbush upped their price objective on Deckers Outdoor from $505.00 to $614.00 in a report on Wednesday, July 26th. StockNews.com assumed coverage on Deckers Outdoor in a report on Thursday, October 5th. They set a “hold” rating on the stock. BTIG Research upped their price objective on Deckers Outdoor from $640.00 to $650.00 and gave the stock a “buy” rating in a report on Friday. Finally, Piper Sandler upped their price objective on Deckers Outdoor from $535.00 to $595.00 and gave the stock an “overweight” rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $578.36.
Deckers Outdoor Stock Up 18.9 %
DECK opened at $576.37 on Monday. Deckers Outdoor Co. has a 12 month low of $326.10 and a 12 month high of $585.00. The company has a fifty day simple moving average of $517.81 and a 200 day simple moving average of $512.20. The stock has a market cap of $15.06 billion, a P/E ratio of 24.88, a P/E/G ratio of 1.53 and a beta of 0.92.
Deckers Outdoor (NYSE:DECK – Get Free Report) last released its quarterly earnings data on Thursday, October 26th. The textile maker reported $6.82 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $2.41. Deckers Outdoor had a net margin of 15.51% and a return on equity of 34.03%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $960.54 million. During the same quarter in the prior year, the company earned $3.80 EPS. The firm’s quarterly revenue was up 24.7% on a year-over-year basis. On average, equities research analysts expect that Deckers Outdoor Co. will post 23.18 earnings per share for the current fiscal year.
Insider Activity at Deckers Outdoor
In related news, insider Thomas Garcia sold 3,595 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $516.73, for a total value of $1,857,644.35. Following the completion of the sale, the insider now owns 16,457 shares in the company, valued at approximately $8,503,825.61. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.70% 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.
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