Deckers Outdoor Corporation $DECK Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC reduced its stake in Deckers Outdoor Corporation by 36.4%, resulting in ownership of 485,306 shares valued at $54.1 million.
• Deckers Outdoor's stock performance has been strong, with quarterly EPS exceeding expectations at $0.93, and revenue reported at $964.54 million.
• Multiple analysts have updated their ratings for Deckers Outdoor, with TD Securities raising the price target from $150 to $175, indicating a bullish outlook for the stock.

Hsbc Holdings PLC lessened its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 36.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 485,306 shares of the textile maker's stock after selling 277,954 shares during the quarter. Hsbc Holdings PLC owned about 0.32% of Deckers Outdoor worth $54,103,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Marks Group Wealth Management Inc boosted its holdings in shares of Deckers Outdoor by 15.4% in the 1st quarter. Marks Group Wealth Management Inc now owns 62,902 shares of the textile maker's stock valued at $7,033,000 after purchasing an additional 8,410 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Deckers Outdoor by 17.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker's stock valued at $1,997,000 after purchasing an additional 2,706 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Deckers Outdoor by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker's stock valued at $116,310,000 after purchasing an additional 39,211 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Deckers Outdoor by 32.3% in the 1st quarter. Park Avenue Securities LLC now owns 26,929 shares of the textile maker's stock valued at $3,011,000 after purchasing an additional 6,569 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Deckers Outdoor by 17.7% in the 1st quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock valued at $65,716,000 after purchasing an additional 88,179 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DECK shares. TD Securities lifted their price target on shares of Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Raymond James Financial lifted their price target on shares of Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a report on Friday, July 25th. Citigroup cut their target price on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Argus began coverage on shares of Deckers Outdoor in a research note on Friday, June 13th. They issued a "hold" rating on the stock. Finally, The Goldman Sachs Group cut their target price on shares of Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating on the stock in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $137.50.

Insider Buying and Selling

In other news, Director Cindy L. Davis purchased 1,825 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were purchased at an average price of $109.76 per share, with a total value of $200,312.00. Following the purchase, the director directly owned 13,340 shares of the company's stock, valued at approximately $1,464,198.40. This represents a 15.85% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Friday, June 6th. The stock was sold at an average price of $109.08, for a total transaction of $32,724.00. Following the sale, the director directly owned 10,681 shares in the company, valued at $1,165,083.48. This trade represents a 2.73% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $104.5770 on Friday. Deckers Outdoor Corporation has a 12-month low of $93.72 and a 12-month high of $223.98. The company has a market capitalization of $15.51 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 3.95 and a beta of 0.99. The firm's fifty day moving average price is $104.14 and its 200 day moving average price is $116.30.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.25. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The firm had revenue of $964.54 million for the quarter, compared to the consensus estimate of $901.45 million. During the same quarter in the previous year, the firm posted $4.52 EPS. The firm's quarterly revenue was up 16.9% on a year-over-year basis. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor announced that its board has authorized a stock buyback program on Thursday, May 22nd that authorizes the company to repurchase $2.25 billion in shares. This repurchase authorization authorizes the textile maker to reacquire up to 11.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.

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