Deckers Outdoor Corp (DECK): RIMA Senvest Management Acquires Some Shares

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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

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).

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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%

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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
Corporation

(Name of Issuer)

Common Stock,
$0.01 par value

(Title of Class of Securities)

243537107

(CUSIP Number)

October 27,
2016

(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).








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