OLD National Bancorp IN Takes $299,000 Position in Deckers Outdoor Co. (NYSE:DECK)

OLD National Bancorp IN bought a new stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,474 shares of the textile maker's stock, valued at approximately $299,000.

A number of other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in shares of Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock worth $206,790,000 after buying an additional 1,170,855 shares during the period. City Center Advisors LLC bought a new position in Deckers Outdoor in the fourth quarter valued at $575,000. B. Riley Wealth Advisors Inc. increased its stake in Deckers Outdoor by 506.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker's stock valued at $1,060,000 after buying an additional 5,574 shares during the last quarter. Principal Financial Group Inc. lifted its position in Deckers Outdoor by 512.9% during the 3rd quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker's stock worth $63,371,000 after buying an additional 332,590 shares in the last quarter. Finally, Cadent Capital Advisors LLC grew its holdings in shares of Deckers Outdoor by 116.8% in the 4th quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker's stock valued at $1,316,000 after acquiring an additional 3,491 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Price Performance

DECK traded down $1.06 on Tuesday, hitting $169.57. 5,843,364 shares of the stock were exchanged, compared to its average volume of 2,808,990. Deckers Outdoor Co. has a 12 month low of $131.39 and a 12 month high of $223.98. The firm has a market capitalization of $25.76 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 1.85 and a beta of 1.07. The business has a 50-day moving average of $204.88 and a two-hundred day moving average of $139.73.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Equities research analysts expect that Deckers Outdoor Co. will post 5.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DECK shares. UBS Group upped their target price on Deckers Outdoor from $267.00 to $284.00 and gave the stock a "buy" rating in a report on Friday. TD Cowen raised their target price on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Bank of America upped their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Seaport Res Ptn lowered shares of Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 7th. Finally, Robert W. Baird raised their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Deckers Outdoor presently has a consensus rating of "Moderate Buy" and a consensus target price of $197.41.

Insider Activity

In other Deckers Outdoor news, insider Anne Spangenberg sold 3,882 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total value of $723,721.26. Following the completion of the transaction, the insider now directly owns 67,434 shares in the company, valued at approximately $12,571,720.62. This represents a 5.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Steven J. Fasching sold 8,802 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $175.00, for a total value of $1,540,350.00. Following the completion of the sale, the chief financial officer now owns 153,036 shares in the company, valued at $26,781,300. This trade represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,758 shares of company stock worth $13,506,861. Insiders own 0.40% of the company's stock.

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.