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

Hsbc Holdings PLC boosted its stake in Deckers Outdoor Corporation (NYSE:DECK) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 545,623 shares of the textile maker’s stock after purchasing an additional 10,133 shares during the quarter. Hsbc Holdings PLC’s holdings in Deckers Outdoor were worth $56,618,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DECK. Geneos Wealth Management Inc. grew its position in shares of Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after buying an additional 215 shares during the period. Elyxium Wealth LLC bought a new position in Deckers Outdoor during the 4th quarter worth approximately $30,000. Rakuten Securities Inc. boosted its stake in Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after acquiring an additional 100 shares during the last quarter. Activest Wealth Management grew its holdings in Deckers Outdoor by 298.8% during the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in Deckers Outdoor during the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

DECK has been the subject of several recent analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, May 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a report on Monday, April 20th. KGI Securities cut shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective for the company. in a research report on Friday, May 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $105.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $138.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $121.11.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $105.81 on Tuesday. The company 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. The company’s 50 day moving average price is $106.21 and its two-hundred day moving average price is $105.70. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $126.50.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.15. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates 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 was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Analysts forecast that Deckers Outdoor Corporation will post 7.45 earnings per share for the current year.

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.