Bessemer Group Inc. Acquires 15,750 Shares of Deckers Outdoor Corporation $DECK

Bessemer Group Inc. increased its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 44.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,071 shares of the textile maker’s stock after buying an additional 15,750 shares during the period. Bessemer Group Inc.’s holdings in Deckers Outdoor were worth $5,112,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its position in Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 215 shares during the period. Elyxium Wealth LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter worth $30,000. Rakuten Securities Inc. lifted its holdings in shares of Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares during the period. Activest Wealth Management grew its stake in shares of Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after purchasing an additional 245 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Deckers Outdoor in the fourth quarter worth $35,000. 97.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DECK. Piper Sandler reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Zacks Research cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Wells Fargo & Company downgraded Deckers Outdoor from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $115.00 to $90.00 in a research report on Friday, May 8th. Truist Financial set a $125.00 price objective on Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, May 22nd. Finally, Raymond James Financial downgraded shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 target price for the company. in a research report on Thursday, April 23rd. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Deckers Outdoor currently has a consensus rating of “Hold” and a consensus price target of $121.11.

Deckers Outdoor Trading Down 2.2%

Shares of DECK opened at $104.18 on Tuesday. The firm’s fifty day simple moving average is $105.71 and its two-hundred day simple moving average is $106.19. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $126.50. The stock has a market capitalization of $14.47 billion, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 2.10 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.15. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company posted $1.00 EPS. The business’s quarterly revenue was up 9.5% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, research analysts predict that Deckers Outdoor Corporation will post 7.46 EPS for the current fiscal year.

About Deckers Outdoor

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.