740,925 Shares in Deckers Outdoor Corporation $DECK Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 740,925 shares of the textile maker’s stock, valued at approximately $73,623,000.

A number of other large investors also recently bought and sold shares of DECK. BlackRock Inc. acquired a new stake in shares of Deckers Outdoor during the 2nd quarter worth approximately $1,343,613,000. Federated Hermes Inc. grew its position in Deckers Outdoor by 374.1% during the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after buying an additional 2,485,338 shares during the period. Norges Bank purchased a new position in Deckers Outdoor in the fourth quarter valued at $252,729,000. AQR Capital Management LLC increased its holdings in Deckers Outdoor by 340.5% in the fourth 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 in the last quarter. Finally, Viking Global Investors LP acquired a new position in shares of Deckers Outdoor in the third quarter worth about $175,058,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Sanford C. Bernstein reissued a “market perform” rating and set a $105.00 target price on shares of Deckers Outdoor in a research note on Friday, May 22nd. Robert W. Baird reduced their price target on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Barclays set a $133.00 price target on Deckers Outdoor and gave the stock an “overweight” rating in a research report on Friday, July 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a report on Friday, July 17th. Finally, KGI Securities cut 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. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $117.16.

Deckers Outdoor Price Performance

DECK opened at $89.43 on Thursday. The firm has a market capitalization of $12.18 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17. The company’s 50 day simple moving average is $100.00 and its two-hundred day simple moving average is $104.50. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $125.45.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the company earned $0.93 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, equities analysts anticipate that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal 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.