Hsbc Holdings PLC Acquires Shares of 740,925 Deckers Outdoor Corporation $DECK

Key Points

• HSBC Holdings acquired 740,925 shares of Deckers Outdoor in the second quarter, valued at approximately $73.6 million and representing a 0.54% stake. Institutional investors collectively own 97.79% of the company.
• Deckers reported quarterly earnings of $0.94 per share, beating estimates of $0.88, while revenue reached $1.02 billion, up 5.7% year over year. The company posted an 18.54% net margin and 41.51% return on equity.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $117.16, compared with the stock’s cited price of $89.43.

Hsbc Holdings PLC bought a new position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 740,925 shares of the textile maker's stock, valued at approximately $73,623,000. Hsbc Holdings PLC owned 0.54% of Deckers Outdoor as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Geneos Wealth Management Inc. grew its holdings in shares of Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker's stock worth $29,000 after purchasing an additional 215 shares during the last quarter. Elyxium Wealth LLC bought a new position in Deckers Outdoor in the 4th quarter worth about $30,000. Rakuten Securities Inc. increased its position in shares of Deckers Outdoor by 45.5% during the second 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 period. Activest Wealth Management increased its position in shares of Deckers Outdoor by 298.8% during the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker's stock worth $34,000 after acquiring an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Deckers Outdoor during the fourth quarter valued at approximately $35,000. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $89.43 on Thursday. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $125.45. The firm has a market capitalization of $12.18 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.65 and a beta of 1.17. The stock's 50-day simple moving average is $100.00 and its 200-day simple moving average is $104.50.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DECK. Telsey Advisory Group lowered their price target on Deckers Outdoor from $113.00 to $105.00 and set a "market perform" rating for the company in a report on Friday, July 24th. Barclays set a $133.00 price objective on Deckers Outdoor and gave the stock an "overweight" rating in a report on Friday, July 24th. Robert W. Baird lowered their target price on Deckers Outdoor from $125.00 to $115.00 and set a "neutral" rating for the company in a report on Friday, July 24th. UBS Group reissued a "buy" rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Finally, Needham & Company LLC cut their price target on Deckers Outdoor from $138.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $117.16.

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.

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