Bessemer Group Inc. lifted its stake in shares of Deckers Outdoor Corp (NYSE:DECK) by 131.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,100 shares of the textile maker’s stock after purchasing an additional 2,900 shares during the quarter. Bessemer Group Inc.’s holdings in Deckers Outdoor were worth $605,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Xact Kapitalforvaltning AB raised its position in shares of Deckers Outdoor by 12.4% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 4,544 shares of the textile maker’s stock worth $513,000 after purchasing an additional 500 shares during the period. Cookson Peirce & Co. Inc. raised its position in shares of Deckers Outdoor by 13.6% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 4,250 shares of the textile maker’s stock worth $480,000 after purchasing an additional 510 shares during the period. Point72 Hong Kong Ltd raised its position in shares of Deckers Outdoor by 30.0% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,641 shares of the textile maker’s stock worth $298,000 after purchasing an additional 610 shares during the period. Atria Investments LLC raised its position in shares of Deckers Outdoor by 24.4% during the 2nd quarter. Atria Investments LLC now owns 3,138 shares of the textile maker’s stock worth $354,000 after purchasing an additional 616 shares during the period. Finally, Trillium Asset Management LLC raised its position in shares of Deckers Outdoor by 2.1% during the 2nd quarter. Trillium Asset Management LLC now owns 32,046 shares of the textile maker’s stock worth $3,618,000 after purchasing an additional 645 shares during the period.

Shares of DECK stock opened at $123.34 on Thursday. Deckers Outdoor Corp has a 12-month low of $71.52 and a 12-month high of $137.49. The company has a market capitalization of $3.59 billion, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 1.60 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 1.26.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, October 25th. The textile maker reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.66. The firm had revenue of $501.91 million during the quarter, compared to analyst estimates of $496.22 million. Deckers Outdoor had a return on equity of 23.27% and a net margin of 7.69%. During the same period last year, the company posted $1.54 EPS. Equities research analysts forecast that Deckers Outdoor Corp will post 6.82 EPS for the current fiscal year.

A number of brokerages have recently weighed in on DECK. Canaccord Genuity set a $137.00 price target on Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, July 27th. Pivotal Research set a $119.00 price objective on Deckers Outdoor and gave the stock a “hold” rating in a report on Wednesday, July 25th. Susquehanna Bancshares raised Deckers Outdoor from a “negative” rating to a “neutral” rating and increased their price objective for the stock from $89.00 to $104.00 in a report on Thursday, August 23rd. Stifel Nicolaus lowered Deckers Outdoor from a “buy” rating to a “hold” rating and increased their price objective for the stock from $120.00 to $123.00 in a report on Friday, July 27th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies increased their price objective on Deckers Outdoor from $99.00 to $125.00 and gave the stock a “hold” rating in a report on Friday, July 27th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $118.14.

In other Deckers Outdoor news, Director John Mersman Gibbons sold 3,000 shares of the stock in a transaction on Friday, November 9th. The stock was sold at an average price of $134.00, for a total transaction of $402,000.00. Following the completion of the transaction, the director now directly owns 28,663 shares of the company’s stock, valued at approximately $3,840,842. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David Powers sold 1,500 shares of the stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $128.31, for a total value of $192,465.00. Following the transaction, the chief executive officer now directly owns 66,047 shares of the company’s stock, valued at $8,474,490.57. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,250 shares of company stock valued at $821,965. 0.40% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: “Bessemer Group Inc. Increases Stake in Deckers Outdoor Corp (DECK)” was posted by Daily Political and is the property of of Daily Political. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.dailypolitical.com/2018/11/22/bessemer-group-inc-increases-stake-in-deckers-outdoor-corp-deck.html.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.

Read More: Discover Your Risk Tolerance

Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.