Bessemer Group Inc. Has $859,000 Stock Position in Deckers Outdoor Corporation (NYSE:DECK)

Bessemer Group Inc. lessened its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 66.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,675 shares of the textile maker's stock after selling 15,083 shares during the period. Bessemer Group Inc.'s holdings in Deckers Outdoor were worth $859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in Deckers Outdoor during the 4th quarter worth approximately $392,583,000. Raymond James Financial Inc. purchased a new position in shares of Deckers Outdoor during the fourth quarter worth approximately $185,451,000. Jacobs Levy Equity Management Inc. grew its position in shares of Deckers Outdoor by 204.8% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 889,624 shares of the textile maker's stock worth $180,674,000 after acquiring an additional 597,743 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Deckers Outdoor by 101.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,003,743 shares of the textile maker's stock valued at $203,850,000 after acquiring an additional 505,139 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in Deckers Outdoor by 69.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,034,191 shares of the textile maker's stock valued at $210,034,000 after purchasing an additional 424,702 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $109.08, for a total transaction of $32,724.00. Following the completion of the transaction, the director owned 10,681 shares in the company, valued at $1,165,083.48. The trade was a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $103.89, for a total transaction of $648,689.16. Following the completion of the sale, the insider directly owned 19,980 shares in the company, valued at approximately $2,075,722.20. This trade represents a 23.81% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DECK has been the subject of a number of recent research reports. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Deckers Outdoor in a research report on Friday, May 23rd. The Goldman Sachs Group began coverage on Deckers Outdoor in a report on Wednesday. They set a "sell" rating and a $90.00 price target for the company. UBS Group set a $169.00 price objective on shares of Deckers Outdoor and gave the company a "buy" rating in a research note on Friday, May 23rd. Needham & Company LLC set a $150.00 price objective on shares of Deckers Outdoor and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Stifel Nicolaus lowered their target price on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $137.66.

Deckers Outdoor Stock Performance

Deckers Outdoor stock traded down $0.48 during trading on Friday, reaching $105.78. 1,736,117 shares of the company's stock were exchanged, compared to its average volume of 2,642,368. Deckers Outdoor Corporation has a 52-week low of $93.72 and a 52-week high of $223.98. The firm has a market cap of $15.81 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 6.45 and a beta of 0.99. The company's 50-day moving average is $111.12 and its two-hundred day moving average is $141.06.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its earnings results on Thursday, May 22nd. The textile maker reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.43. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Deckers Outdoor had a net margin of 19.49% and a return on equity of 41.17%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share. Analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor announced that its Board of Directors has authorized a share buyback plan on Thursday, May 22nd that allows the company to repurchase $2.25 billion in shares. This repurchase authorization allows the textile maker to repurchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its shares are undervalued.

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.