Bessemer Group Inc. Sells 4,033 Shares of Deckers Outdoor Corporation $DECK

Bessemer Group Inc. reduced its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 52.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,642 shares of the textile maker’s stock after selling 4,033 shares during the period. Bessemer Group Inc.’s holdings in Deckers Outdoor were worth $376,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Deckers Outdoor by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker’s stock worth $1,984,339,000 after buying an additional 107,635 shares during the period. Northern Trust Corp boosted its holdings in shares of Deckers Outdoor by 6.2% during the 1st quarter. Northern Trust Corp now owns 1,680,558 shares of the textile maker’s stock worth $187,903,000 after buying an additional 98,856 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Deckers Outdoor by 6.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,520,461 shares of the textile maker’s stock worth $170,003,000 after buying an additional 97,312 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Deckers Outdoor by 46.5% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,410,262 shares of the textile maker’s stock worth $157,681,000 after buying an additional 447,734 shares during the period. Finally, Amundi boosted its holdings in shares of Deckers Outdoor by 24.7% during the 1st quarter. Amundi now owns 1,357,154 shares of the textile maker’s stock worth $151,743,000 after buying an additional 268,803 shares during the period. 97.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DECK shares. Jefferies Financial Group reduced their price target on shares of Deckers Outdoor from $114.00 to $107.00 and set a “hold” rating for the company in a report on Thursday, October 23rd. Wells Fargo & Company reduced their price target on shares of Deckers Outdoor from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, October 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a report on Wednesday, October 8th. Needham & Company LLC reduced their price target on shares of Deckers Outdoor from $128.00 to $113.00 and set a “buy” rating for the company in a report on Friday, October 24th. Finally, Citigroup reduced their price target on shares of Deckers Outdoor from $150.00 to $120.00 and set a “buy” rating for the company in a report on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus price target of $118.11.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $81.52 on Monday. The company has a 50-day moving average of $106.57 and a 200-day moving average of $107.73. The company has a market capitalization of $12.09 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 3.79 and a beta of 1.05. Deckers Outdoor Corporation has a 52 week low of $80.30 and a 52 week high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, October 23rd. The textile maker reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.24. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm earned $1.59 EPS. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. Sell-side analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Insider Activity at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the transaction, the director directly owned 10,979 shares of the company’s stock, valued at approximately $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 is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

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.