Hsbc Holdings PLC Acquires 10,133 Shares of Deckers Outdoor Corporation $DECK

Hsbc Holdings PLC grew its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 1.9% during the fourth quarter, Holdings Channel.com reports. 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’s holdings in Deckers Outdoor were worth $56,618,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in DECK. Federated Hermes Inc. increased its stake in shares of Deckers Outdoor by 374.1% in the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after buying an additional 2,485,338 shares in the last quarter. Norges Bank acquired a new position in Deckers Outdoor during the 4th quarter worth about $252,729,000. AQR Capital Management LLC lifted its position in Deckers Outdoor by 340.5% during the 4th quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock worth $273,000,000 after buying an additional 2,035,517 shares in the last quarter. Viking Global Investors LP bought a new stake in Deckers Outdoor during the 3rd quarter worth about $175,058,000. Finally, Marshall Wace LLP increased its position in Deckers Outdoor by 5,324.4% in the 4th quarter. Marshall Wace LLP now owns 1,498,106 shares of the textile maker’s stock valued at $155,309,000 after acquiring an additional 1,470,488 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DECK shares. Telsey Advisory Group set a $113.00 target price on shares of Deckers Outdoor in a research note on Friday, May 22nd. Argus set a $128.00 price target on shares of Deckers Outdoor in a report on Friday, May 29th. Truist Financial set a $125.00 price objective on shares of Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, May 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $138.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 22nd. Finally, Raymond James Financial downgraded Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 target price for the company. in a research report on Thursday, April 23rd. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $121.11.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $104.81 on Monday. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $126.50. The firm has a market capitalization of $14.56 billion, a P/E ratio of 14.89, a P/E/G ratio of 2.07 and a beta of 1.17. The company’s 50 day simple moving average is $105.10 and its 200 day simple moving average is $105.89.

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

Deckers Outdoor Company 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.