OLD National Bancorp IN Purchases Shares of 1,474 Deckers Outdoor Co. (NYSE:DECK)

OLD National Bancorp IN acquired a new position in shares of Deckers Outdoor Co. (NYSE:DECK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,474 shares of the textile maker’s stock, valued at approximately $299,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Deckers Outdoor by 499.2% in the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after acquiring an additional 19,053,113 shares in the last quarter. State Street Corp boosted its stake in Deckers Outdoor by 513.8% during the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock valued at $1,049,867,000 after purchasing an additional 5,511,513 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Deckers Outdoor by 509.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock valued at $646,316,000 after purchasing an additional 3,393,420 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Deckers Outdoor by 929.0% in the 3rd 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Deckers Outdoor by 529.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock valued at $203,674,000 after buying an additional 1,074,263 shares during the period. 97.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Deckers Outdoor

In other news, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven J. Fasching sold 8,802 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,540,350.00. Following the completion of the transaction, the chief financial officer now owns 153,036 shares in the company, valued at $26,781,300. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,758 shares of company stock worth $13,506,861 over the last three months. Corporate insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

DECK has been the topic of several research reports. UBS Group boosted their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research report on Friday. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a research note on Friday. Robert W. Baird lifted their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Needham & Company LLC reissued a “buy” rating and set a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday. Finally, Barclays boosted their target price on Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Deckers Outdoor currently has an average rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $177.85 on Monday. Deckers Outdoor Co. has a fifty-two week low of $125.15 and a fifty-two week high of $223.98. The stock’s 50-day moving average is $205.90 and its two-hundred day moving average is $137.68. The firm has a market cap of $27.02 billion, a P/E ratio of 31.27, a PEG ratio of 2.41 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. As a group, research analysts expect that Deckers Outdoor Co. will post 5.62 EPS 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.