Hsbc Holdings PLC Has $56.62 Million Stock Holdings in Deckers Outdoor Corporation $DECK

Hsbc Holdings PLC lifted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 545,623 shares of the textile maker’s stock after acquiring an additional 10,133 shares during the period. Hsbc Holdings PLC owned approximately 0.38% of Deckers Outdoor worth $56,618,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Revolve Wealth Partners LLC bought a new position in Deckers Outdoor during the fourth quarter worth about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Deckers Outdoor by 3.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock valued at $1,858,000 after purchasing an additional 522 shares during the period. Empowered Funds LLC raised its holdings in shares of Deckers Outdoor by 165.6% in the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock worth $1,145,000 after buying an additional 6,384 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Deckers Outdoor by 8.1% in the 1st quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock worth $773,000 after buying an additional 521 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Deckers Outdoor by 163.2% during the 2nd quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock worth $1,062,000 after buying an additional 6,391 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

NYSE DECK opened at $105.81 on Tuesday. The stock has a fifty day moving average of $106.21 and a 200-day moving average of $105.70. The stock has a market capitalization of $14.70 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 2.16 and a beta of 1.16. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $126.50.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.15. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Equities research analysts forecast that Deckers Outdoor Corporation will post 7.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on DECK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research note on Monday, April 20th. Truist Financial set a $125.00 price objective on Deckers Outdoor and gave the company a “buy” rating in a report on Friday, May 22nd. Needham & Company LLC restated a “buy” rating and issued a $138.00 target price on shares of Deckers Outdoor in a research note on Friday, May 22nd. Telsey Advisory Group set a $113.00 target price on shares of Deckers Outdoor in a research note on Friday, May 22nd. Finally, Wells Fargo & Company lowered shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $115.00 to $90.00 in a report on Friday, May 8th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $121.11.

About Deckers Outdoor

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.