Truist Financial Corp Has $1.04 Million Stock Holdings in Deckers Outdoor Corporation $DECK

Truist Financial Corp lessened its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 40.7% in the second quarter, according to its most recent filing with the SEC. The firm 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 filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Horizon Investments LLC lifted its position in Deckers Outdoor by 4.6% during the 1st quarter. Horizon Investments LLC now owns 2,179 shares of the textile maker’s stock worth $244,000 after buying an additional 96 shares in the last quarter. Cumberland Partners Ltd lifted its position in Deckers Outdoor by 0.4% during the 1st quarter. Cumberland Partners Ltd now owns 27,991 shares of the textile maker’s stock worth $3,130,000 after buying an additional 98 shares in the last quarter. Park Place Capital Corp lifted its position in Deckers Outdoor by 14.9% during the 2nd quarter. Park Place Capital Corp now owns 771 shares of the textile maker’s stock worth $81,000 after buying an additional 100 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Deckers Outdoor by 0.8% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,106 shares of the textile maker’s stock worth $1,913,000 after buying an additional 140 shares in the last quarter. Finally, HM Payson & Co. lifted its position in Deckers Outdoor by 12.5% during the 1st quarter. HM Payson & Co. now owns 1,350 shares of the textile maker’s stock worth $151,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Deckers Outdoor from $134.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Bank of America upped their price target on shares of Deckers Outdoor from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. KeyCorp upgraded shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Friday. Robert W. Baird increased their target price on shares of Deckers Outdoor from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Finally, Truist Financial increased their target price on shares of Deckers Outdoor from $130.00 to $145.00 and gave the stock 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 assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $136.26.

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the 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 completion of the transaction, the director owned 10,979 shares of the company’s stock, valued at $1,295,741.58. This represents a 2.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Trading Down 3.7%

Shares of Deckers Outdoor stock opened at $95.23 on Monday. The company has a market cap of $14.13 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 3.62 and a beta of 1.05. The company has a 50 day moving average of $109.65 and a 200-day moving average of $109.24. Deckers Outdoor Corporation has a 1-year low of $93.72 and a 1-year high of $223.98.

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

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.