Deckers Outdoor Co. (NYSE:DECK) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. grew its holdings in Deckers Outdoor Co. (NYSE:DECK) by 0.8% in the 4th quarter, HoldingsChannel reports. The firm owned 22,758 shares of the textile maker’s stock after purchasing an additional 190 shares during the quarter. Bessemer Group Inc.’s holdings in Deckers Outdoor were worth $4,622,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DECK. Headlands Technologies LLC acquired a new stake in Deckers Outdoor in the 4th quarter valued at about $29,000. Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth approximately $31,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Deckers Outdoor by 250.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after buying an additional 120 shares during the period. Fortitude Family Office LLC raised its holdings in Deckers Outdoor by 825.0% in the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 198 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its stake in Deckers Outdoor by 404.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker’s stock worth $51,000 after acquiring an additional 202 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Citigroup raised shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a research report on Friday, February 7th. UBS Group raised their price target on Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Wells Fargo & Company dropped their price objective on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, Needham & Company LLC restated a “buy” rating and set a $246.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $187.89.

Insider Buying and Selling at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, the director now directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the sale, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $108.94 on Friday. The stock has a market capitalization of $16.53 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.68 and a beta of 1.07. The firm’s fifty day simple moving average is $130.39 and its 200-day simple moving average is $167.45. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current 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.