Truist Financial Corp Sells 6,905 Shares of Deckers Outdoor Corporation $DECK

Truist Financial Corp lowered its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 40.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,056 shares of the textile maker’s stock after selling 6,905 shares during the period. Truist Financial Corp’s holdings in Deckers Outdoor were worth $1,036,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Deckers Outdoor during the first quarter worth $34,000. Olde Wealth Management LLC acquired a new stake in shares of Deckers Outdoor during the first quarter worth $47,000. Banque Transatlantique SA acquired a new stake in shares of Deckers Outdoor during the first quarter worth $51,000. Costello Asset Management INC acquired a new stake in Deckers Outdoor in the first quarter worth $78,000. Finally, Park Place Capital Corp grew its holdings in Deckers Outdoor by 14.9% in the second quarter. Park Place Capital Corp now owns 771 shares of the textile maker’s stock worth $81,000 after purchasing an additional 100 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $118.02, for a total value of $35,406.00. Following the sale, the director owned 10,979 shares of the company’s stock, valued at $1,295,741.58. The trade was a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.40% of the stock is currently owned by company insiders.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $95.23 on Monday. The firm has a market cap of $14.13 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 3.62 and a beta of 1.05. Deckers Outdoor Corporation has a 52 week low of $93.72 and a 52 week high of $223.98. The firm’s 50-day simple moving average is $109.65 and its two-hundred day simple moving average is $109.24.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, topping the consensus estimate of $0.68 by $0.25. The business had revenue of $964.54 million for the quarter, compared to analyst estimates of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.52 earnings per share. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on DECK. Wells Fargo & Company raised their price target on shares of Deckers Outdoor from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Friday, July 25th. The Goldman Sachs Group dropped their price objective on shares of Deckers Outdoor from $90.00 to $87.00 and set a “sell” rating on the stock in a research note on Tuesday, July 22nd. Robert W. Baird raised their price objective on shares of Deckers Outdoor from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $120.00 price objective on shares of Deckers Outdoor in a research note on Friday, July 25th. Finally, Truist Financial raised their price target on shares of Deckers Outdoor from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Deckers Outdoor currently has a consensus rating of “Hold” and an average target price of $136.26.

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