Patton Fund Management Inc. Has $213,000 Holdings in Deckers Outdoor Corporation $DECK

Key Points

• Patton Fund Management Inc. has significantly reduced its stake in Deckers Outdoor Corporation, selling 15,942 shares and now holding only 2,062 shares valued at $213,000.
• Institutional investors own 97.79% of Deckers Outdoor's stock, reflecting strong interest and institutional backing within the company's shareholder base.
• Deckers Outdoor recently reported a better-than-expected earnings performance, with revenue reaching $964.54 million, surpassing analyst estimates of $901.45 million.

Patton Fund Management Inc. reduced its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 88.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,062 shares of the textile maker's stock after selling 15,942 shares during the period. Patton Fund Management Inc.'s holdings in Deckers Outdoor were worth $213,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Marks Group Wealth Management Inc lifted its holdings in Deckers Outdoor by 15.4% in the 1st quarter. Marks Group Wealth Management Inc now owns 62,902 shares of the textile maker's stock worth $7,033,000 after purchasing an additional 8,410 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Deckers Outdoor by 17.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker's stock valued at $1,997,000 after purchasing an additional 2,706 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Deckers Outdoor by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker's stock valued at $116,310,000 after purchasing an additional 39,211 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Deckers Outdoor by 32.3% in the first quarter. Park Avenue Securities LLC now owns 26,929 shares of the textile maker's stock worth $3,011,000 after buying an additional 6,569 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Deckers Outdoor by 17.7% during the 1st quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock worth $65,716,000 after buying an additional 88,179 shares during the period. Institutional investors own 97.79% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barclays lifted their target price on shares of Deckers Outdoor from $134.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Bank of America lifted their price objective on Deckers Outdoor from $120.00 to $122.00 and gave the stock a "neutral" rating in a research note on Thursday, September 25th. Evercore ISI boosted their target price on shares of Deckers Outdoor from $110.00 to $115.00 and gave the stock an "in-line" rating in a research report on Friday, July 25th. Sanford C. Bernstein initiated coverage on shares of Deckers Outdoor in a report on Thursday, September 18th. They issued an "underperform" rating and a $100.00 price target for the company. Finally, Truist Financial boosted their price objective on shares of Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of "Hold" and a consensus target price of $136.32.

Deckers Outdoor Stock Down 1.9%

Shares of DECK opened at $101.34 on Wednesday. The company has a 50-day moving average price of $111.05 and a two-hundred day moving average price of $110.32. The stock has a market cap of $15.03 billion, a price-to-earnings ratio of 15.54, a P/E/G ratio of 3.94 and a beta of 1.05. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.25. The company had revenue of $964.54 million for the quarter, compared to analyst estimates of $901.45 million. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.The company's revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the company posted $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Equities research analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the transaction, the director directly owned 10,979 shares in the company, valued at $1,295,741.58. This represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.40% of the stock is owned by corporate insiders.

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.

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