Advisors Preferred LLC Takes Position in Deckers Outdoor Corporation $DECK

Key Points

• Advisors Preferred LLC initiated a new Q4 stake in Deckers of 15,280 shares (~$1.63M); several other institutions also added or raised positions (notably PFA Pension ~$29.6M and Danske +7.1%), leaving 97.79% of the stock held by institutional investors.
• Deckers posted a strong quarter, beating estimates with $3.33 EPS vs $2.77 expected and revenue of $1.96B vs $1.87B, plus a 19.46% net margin and 41.6% ROE, yet the analyst consensus remains a "Hold" with an average target of $126.35.
• Company insiders have been net sellers recently, offloading 9,092 shares (~$1.05M) in the past 90 days; insiders now own just 0.40% of the stock.

Advisors Preferred LLC bought a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,280 shares of the textile maker's stock, valued at approximately $1,632,000.

Several other hedge funds have also recently made changes to their positions in the business. Aurora Private Wealth Inc. purchased a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $285,000. PFA Pension Forsikringsaktieselskab purchased a new stake in Deckers Outdoor in the 4th quarter worth about $29,636,000. Danske Bank A S raised its position in Deckers Outdoor by 7.1% in the 4th quarter. Danske Bank A S now owns 273,663 shares of the textile maker's stock worth $28,371,000 after purchasing an additional 18,088 shares during the period. GenTrust LLC purchased a new stake in Deckers Outdoor in the 4th quarter worth about $267,000. Finally, Oppenheimer & Co. Inc. raised its position in Deckers Outdoor by 13.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 8,796 shares of the textile maker's stock worth $912,000 after purchasing an additional 1,056 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DECK shares. BTIG Research reissued a "neutral" rating on shares of Deckers Outdoor in a research report on Friday, January 30th. The Goldman Sachs Group reissued a "sell" rating and issued a $92.00 price objective (up from $81.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Citigroup reissued a "buy" rating and issued a $130.00 price objective (up from $120.00) on shares of Deckers Outdoor in a research report on Thursday, January 15th. Argus raised shares of Deckers Outdoor from a "hold" rating to a "buy" rating in a research report on Friday, February 20th. Finally, KGI Securities raised shares of Deckers Outdoor from a "hold" rating to an "outperform" rating and set a $129.00 price objective on the stock in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Deckers Outdoor has a consensus rating of "Hold" and an average target price of $126.35.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $100.78 on Monday. The company has a market capitalization of $14.31 billion, a P/E ratio of 14.23, a P/E/G ratio of 2.16 and a beta of 1.14. The company's 50-day simple moving average is $106.10 and its two-hundred day simple moving average is $101.23. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $133.43.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, topping analysts' consensus estimates of $2.77 by $0.56. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the firm earned $3.00 EPS. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. On average, research analysts expect that Deckers Outdoor Corporation will post 6.87 EPS for the current fiscal year.

Insider Activity at Deckers Outdoor

In related news, insider Anne Spangenberg sold 4,063 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $116.02, for a total transaction of $471,389.26. Following the transaction, the insider directly owned 80,449 shares of the company's stock, valued at $9,333,692.98. This trade represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robin Spring-Green sold 347 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $113.78, for a total transaction of $39,481.66. Following the transaction, the insider directly owned 42,461 shares in the company, valued at approximately $4,831,212.58. The trade was a 0.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,092 shares of company stock valued at $1,048,552 over the last ninety days. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Profile

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.

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