Deckers Outdoor Corporation $DECK Shares Acquired by Hsbc Holdings PLC

Key Points

• HSBC Holdings increased its Deckers Outdoor stake by 26.5% in the second quarter, acquiring 155,183 additional shares and bringing its holdings to 740,925 shares valued at approximately $73.6 million.
• Institutional investors and hedge funds own 97.79% of Deckers’ stock, with BlackRock, Federated Hermes, Invesco, AQR Capital Management and Norges Bank among notable holders.
• Analysts maintain a consensus “Hold” rating with a $117.16 price target. Deckers recently beat quarterly EPS estimates, reporting $0.94 versus $0.88 expected, while shares opened at $85.87.

Hsbc Holdings PLC increased its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 26.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 740,925 shares of the textile maker's stock after buying an additional 155,183 shares during the quarter. Hsbc Holdings PLC owned about 0.54% of Deckers Outdoor worth $73,623,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Deckers Outdoor during the second quarter worth about $1,343,613,000. Federated Hermes Inc. boosted its position in shares of Deckers Outdoor by 374.1% in the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker's stock worth $326,531,000 after buying an additional 2,485,338 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Deckers Outdoor by 0.5% in the fourth quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker's stock valued at $285,380,000 after purchasing an additional 12,350 shares in the last quarter. AQR Capital Management LLC grew its holdings 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 valued at $273,000,000 after buying an additional 2,035,517 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Deckers Outdoor during the fourth quarter valued at $252,729,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DECK has been the topic of several recent analyst reports. Barclays set a $133.00 target price on Deckers Outdoor and gave the stock an "overweight" rating in a research report on Friday, July 24th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $105.00 target price on shares of Deckers Outdoor in a research report on Friday, May 22nd. Needham & Company LLC cut their price objective on shares of Deckers Outdoor from $138.00 to $125.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Truist Financial cut their target price on Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Finally, Piper Sandler reaffirmed a "neutral" rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $117.16.

Deckers Outdoor Stock Up 0.1%

Shares of NYSE:DECK opened at $85.87 on Tuesday. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $124.88. The company has a market cap of $11.69 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 1.33 and a beta of 1.15. The company's fifty day moving average is $96.89 and its two-hundred day moving average is $102.81.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.06. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.Deckers Outdoor's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Equities research analysts anticipate that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

Deckers Outdoor 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.

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