Bessemer Group Inc. Has $376,000 Stock Position in Deckers Outdoor Corporation $DECK

Bessemer Group Inc. lowered its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 52.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,642 shares of the textile maker’s stock after selling 4,033 shares during the quarter. Bessemer Group Inc.’s holdings in Deckers Outdoor were worth $376,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in DECK. Revolve Wealth Partners LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter worth about $247,000. Mutual Advisors LLC increased its position in Deckers Outdoor by 54.2% in the 1st quarter. Mutual Advisors LLC now owns 3,541 shares of the textile maker’s stock valued at $387,000 after acquiring an additional 1,245 shares in the last quarter. Principal Financial Group Inc. increased its position in Deckers Outdoor by 17.7% in the 1st quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker’s stock valued at $65,716,000 after acquiring an additional 88,179 shares in the last quarter. IFM Investors Pty Ltd increased its position in Deckers Outdoor by 5.2% in the 1st quarter. IFM Investors Pty Ltd now owns 32,250 shares of the textile maker’s stock valued at $3,606,000 after acquiring an additional 1,587 shares in the last quarter. Finally, Olde Wealth Management LLC acquired a new stake in Deckers Outdoor in the 1st quarter valued at about $47,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insiders Place Their Bets

In related news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the transaction, the director owned 10,979 shares of the company’s stock, valued at $1,295,741.58. This trade represents a 2.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Barclays lowered their price objective on shares of Deckers Outdoor from $141.00 to $113.00 and set an “overweight” rating for the company in a research report on Monday, October 27th. UBS Group restated a “buy” rating on shares of Deckers Outdoor in a research report on Friday, October 24th. Stifel Nicolaus set a $127.00 price objective on shares of Deckers Outdoor in a research report on Tuesday, October 21st. Evercore ISI lowered their price objective on shares of Deckers Outdoor from $115.00 to $110.00 and set an “in-line” rating for the company in a research report on Friday, October 17th. Finally, Truist Financial set a $105.00 price objective on shares of Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus price target of $118.11.

Deckers Outdoor Trading Up 0.8%

Shares of NYSE DECK opened at $81.52 on Monday. The firm has a market capitalization of $12.09 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 3.79 and a beta of 1.05. Deckers Outdoor Corporation has a 1 year low of $80.30 and a 1 year high of $223.98. The firm’s 50-day moving average is $106.57 and its 200-day moving average is $107.73.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.24. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.41 billion. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.59 EPS. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. As a group, equities research analysts anticipate that Deckers Outdoor Corporation will post 5.89 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.