Hsbc Holdings PLC Boosts Stake in Deckers Outdoor Corporation $DECK

Hsbc Holdings PLC lifted its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 7.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 585,742 shares of the textile maker’s stock after purchasing an additional 40,119 shares during the quarter. Hsbc Holdings PLC’s holdings in Deckers Outdoor were worth $58,514,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DECK. Revolve Wealth Partners LLC purchased a new stake in Deckers Outdoor in the 4th quarter worth $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Deckers Outdoor by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after purchasing an additional 522 shares during the last quarter. Empowered Funds LLC raised its position in shares of Deckers Outdoor by 165.6% during the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock worth $1,145,000 after purchasing an additional 6,384 shares during the last quarter. Focus Partners Wealth lifted its stake in Deckers Outdoor by 8.1% in the 1st quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock valued at $773,000 after buying an additional 521 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in Deckers Outdoor by 163.2% in the 2nd quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock valued at $1,062,000 after buying an additional 6,391 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

DECK opened at $106.50 on Monday. The company’s 50 day simple moving average is $105.55 and its two-hundred day simple moving average is $106.19. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $126.50. The firm has a market capitalization of $14.79 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 2.10 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.15. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the business earned $1.00 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, equities analysts anticipate that Deckers Outdoor Corporation will post 7.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Zacks Research lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Telsey Advisory Group set a $113.00 target price on Deckers Outdoor in a research report on Friday, May 22nd. Truist Financial set a $125.00 price target on Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, May 22nd. KGI Securities cut Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target for the company. in a research report on Friday, May 22nd. Finally, KeyCorp reissued a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.