Richard Mashaal‘s RIMA Senvest Management recently reported raising its stake in Deckers Outdoor Corp (NYSE:DECK) via a Form 13G with the Securities and Exchange Commission. The fund’s stake now counts 1.70 million common shares, which amass 5.32% of the float, while previously it consisted of 1.54 million shares, as per its 13F filing for the end of June.
Deckers Outdoor Corp (NYSE:DECK) is a company that designs and produces footwear, mainly sandals, for outdoor activities and sports, but also for recreational and everyday kind of activities. Year-to-date, the company’s stock is up by 8.41%. For the second quarter of its fiscal year 2017, the company reported diluted earnings per share of $1.21, and revenue of $485.9 million, compared to EPS of $1.11 and revenue of $486.9 million for the corresponding period of its previous fiscal year. Recently, B. Riley reiterated its ‘Neutral’ rating on Deckers Outdoor’s stock, with a price target of $52, while Canaccord Genuity raised its rating on it to ‘Buy’, with a price target of $70.
FotoTravel/Shutterstock.com
15 hedge funds from within Insider Monkey’s system reported holding long positions in Deckers Outdoor Corp (NYSE:DECK) as of the end of June, down by six from the end of March. Among the biggest investors in the company were Willem Mesdag’s Red Mountain Capital (1.05 million shares), Chuck Royce’s Royce & Associates (832,293 shares), Jim Simons’ Renaissance Technologies (147,300 shares), and Gilchrist Berg’s Water Street Capital (50,000 shares).
Follow Deckers Outdoor Corp (NYSE:DECK)
Follow Deckers Outdoor Corp (NYSE:DECK)
You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Senvest Management | 0 | 1,703,664 | 0 | 1,703,664 | 1,703,664 | 5.32% |
| Richard Mashaal | 0 | 1,703,664 | 0 | 1,703,664 | 1,703,664 | 5.32% |
Follow Richard R. Mashaal's Rima Senvest Management
Page 1 of 8 – SEC Filing
| SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
| SCHEDULE 13G | |
| Under the Securities Exchange Act of 1934 | |
| (Amendment No. )* | |
| Deckers Outdoor | |
| (Name of Issuer) | |
| Common Stock, | |
| (Title of Class of Securities) | |
| 243537107 | |
| (CUSIP Number) | |
| October 27, | |
| (Date of Event Which Requires Filing of this Statement) | |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: | |
| ¨ | Rule 13d-1(b) |
| x | Rule 13d-1(c) |
| ¨ | Rule 13d-1(d) |
| (Page 1 of 8 Pages) | |
______________________________
*The remainder of
this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information
required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities
Exchange Act of 1934 (“Act“) or otherwise subject to the liabilities of that section of the Act but shall be subject
to all other provisions of the Act (however, see the Notes).
Page 2 of 8 – SEC Filing
| 1 | NAME OF REPORTING PERSON Senvest Management, LLC | |||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ¨ (b) ¨ | ||
| 3 | SEC USE ONLY | |||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 0 | ||
| 6 | SHARED VOTING POWER 1,703,664 | |||
| 7 | SOLE DISPOSITIVE POWER 0 | |||
| 8 | SHARED DISPOSITIVE POWER 1,703,664 | |||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,703,664 | |||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.32% | |||
| 12 | TYPE OF REPORTING PERSON OO, IA | |||
Follow Deckers Outdoor Corp (NYSE:DECK)
Follow Deckers Outdoor Corp (NYSE:DECK)
Page 3 of 8 – SEC Filing
| 1 | NAME OF REPORTING PERSON Richard Mashaal | |||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ¨ (b) ¨ | ||
| 3 | SEC USE ONLY | |||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Canada | |||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 0 | ||
| 6 | SHARED VOTING POWER 1,703,664 | |||
| 7 | SOLE DISPOSITIVE POWER 0 | |||
| 8 | SHARED DISPOSITIVE POWER 1,703,664 | |||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,703,664 | |||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.32% | |||
| 12 | TYPE OF REPORTING PERSON IN, HC | |||
Follow Deckers Outdoor Corp (NYSE:DECK)
Follow Deckers Outdoor Corp (NYSE:DECK)
Page 4 of 8 – SEC Filing
| Item 1(a). | Name of Issuer. |
| Deckers Outdoor Corporation (the “Issuer“) |
| Item 1(b). | Address of Issuer’s Principal Executive Offices. |
| 250 Coromar Drive Goleta, California 93117 |
| Item 2(a). | Name of Person Filing. |
| This statement is filed by The reported securities are held in the accounts Senvest Management, LLC serves as investment Senvest Management, LLC may be deemed to beneficially | |
| Item 2(b). | Address of Principal Business Office. |
| Senvest Management, LLC 540 Madison Avenue, 32nd Floor New York, New York 10022 Richard Mashaal c/o Senvest Management, LLC 540 Madison Avenue, 32nd Floor New York, New York 10022 | |
| Item 2(c). | Place of Organization. |
| Senvest Management, LLC – Delaware Richard Mashaal – Canada |
| Item 2(d). | Title of Class of Securities. |
| Common Stock, $0.01 par value |
Follow Deckers Outdoor Corp (NYSE:DECK)
Follow Deckers Outdoor Corp (NYSE:DECK)
Page 5 of 8 – SEC Filing
| Item 2(e). | CUSIP Number. |
| 243537107 |
| Item 3. | If this Statement is Filed Pursuant to §§ 240.13d-1(b) or 240.13d-2(b), or (c), check whether the Person Filing is a: |
| (a) | ¨ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); | |
| (b) | ¨ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); | |
| (c) | ¨ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); | |
| (d) | ¨ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); | |
| (e) | ¨ | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); | |
| (f) | ¨ | An employee benefit plan or endowment fund in | |
| (g) | ¨ | A parent holding company or control person in | |
| (h) | ¨ | A savings association as defined in Section 3(b) | |
| (i) | ¨ | A church plan that is excluded from the definition of an investment | |
| (j) | ¨ | A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); | |
| (k) | ¨ | Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution. |
| Item 4. | Ownership. |
| The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The percentages set forth in this Schedule 13G are calculated based upon an aggregate of 32,040,112 shares of Common Stock outstanding as of July 29, 2016 as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2016 filed on August 9, 2016. |
Follow Deckers Outdoor Corp (NYSE:DECK)
Follow Deckers Outdoor Corp (NYSE:DECK)
Page 6 of 8 – SEC Filing
| Item 5. | Ownership of Five Percent or Less of a Class. |
| Not applicable. |
| Item 6. | Ownership of More Than Five Percent on Behalf of Another Person. |
| The Investment Vehicles have the right to receive and the power to direct the receipt of dividends from, and the proceeds from the sale of, the securities reported herein. |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
| Not applicable. |
| Item 8. | Identification and Classification of Members of the Group. |
| Not applicable. |
| Item 9. | Notice of Dissolution of Group. |
| Not applicable. |
| Item 10. | Certification. |
| By signing below each Reporting Person certifies that, to the best of his or its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |
Follow Deckers Outdoor Corp (NYSE:DECK)
Follow Deckers Outdoor Corp (NYSE:DECK)
Page 7 of 8 – SEC Filing
SIGNATURE
After reasonable inquiry and to the best of
my knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and
correct.
| Date: November 2, 2016 | ||
| SENVEST MANAGEMENT, LLC | ||
| By: | /s/ Bobby Trahanas | |
| Name: | Bobby Trahanas | |
| Title: | Chief Compliance Officer | |
| /s/ Richard Mashaal | ||
| RICHARD MASHAAL | ||
Follow Deckers Outdoor Corp (NYSE:DECK)
Follow Deckers Outdoor Corp (NYSE:DECK)
Page 8 of 8 – SEC Filing
Exhibit A
JOINT FILING AGREEMENT
The undersigned
acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity
of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing
of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein,
but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent
that he or it knows or has reason to believe that such information is inaccurate.
| Date: November 2, 2016 | ||
| SENVEST MANAGEMENT, LLC | ||
| By: | /s/ Bobby Trahanas | |
| Name: | Bobby Trahanas | |
| Title: | Chief Compliance Officer | |
| /s/ Richard Mashaal | ||
| RICHARD MASHAAL | ||
