Stock On Watch: Learn Why Richard Mashaal’s Senvest Management Just Purchased Deckers Outdoor Corp Stake?

Stock On Watch: Learn Why Richard Mashaal's Senvest Management Just Purchased Deckers Outdoor Corp Stake?

The New Richard Mashaal’s Senvest Management Holding in Deckers Outdoor Corp

Senvest Management filed with the SEC SC 13G form for Deckers Outdoor Corp. The form can be accessed here: 000090266416008603. As reported in Richard Mashaal’s Senvest Management’s form, the filler as of late owns 5.32% or 1,703,664 shares of the Consumer Discretionary–company.

Deckers Outdoor Corp stake is a new one for the for the hedge fund and it was filed because of activity on October 27, 2016. We feel this shows Richard Mashaal’s Senvest Management’s positive view for the stock. For a hedge fund managing $698.95 million in assets and having 11+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Richard Mashaal’s Senvest Management’s US equities portfolio is in this sector.

Deckers Outdoor Corp Institutional Sentiment

Latest Security and Exchange filings show 249 investors own Deckers Outdoor Corp. The institutional ownership in Q3 2015 is very high, at 135.37% of the outstanding shares. This is increased by 10503482 the total institutional shares. 43372389 were the shares owned by these institutional investors. In total 35 funds opened new Deckers Outdoor Corp stakes, 97 increased stakes. There were 40 that closed positions and 92 reduced them.

4 managers had the stock in their top Ten. Notable investors are: Red Mountain Capital Partners Llc, Euclidean Technologies Management Llc, Smith Graham & Co. Investment Advisors Lp..

New Amsterdam Partners Llc is an institutional investor bullish on Deckers Outdoor Corp, owning 363474 shares as of Q3 2015 for 2.14% of its portfolio. Garnet Equity Capital Holdings Inc owns 70000 shares or 1.98% of its portfolio. NY Fny Managed Accounts Llc have less than 0.01% of their stock portfolio for 15000 shares. Further, Monarch Partners Asset Management Llc reported stake worth 1.68% of its US stock portfolio. The CA Red Mountain Capital Partners Llc owns 1054641 shares. Deckers Outdoor Corp is 16.18% of the manager’s US portfolio.

Business Profile

Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business. The Company sells accessories, such as handbags and loungewear, through domestic and international retailers, international distributors and directly to end user consumers both domestically and internationally, through its Websites, call centers and retail stores. The Company markets its products primarily under three brands: UGG, Teva and Sanuk. The Company’s other brands include Hoka One One (Hoka), Ahnu and Koolaburra by UGG (Koolaburra). It has a total of over 150 retail stores across the world.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Richard Mashaal’s Senvest Management website.

Insitutional Activity: The institutional sentiment decreased to 0.67 in 2016 Q2. Its down 0.27, from 0.94 in 2016Q1. The ratio is negative, as 45 funds sold all Deckers Outdoor Corp shares owned while 79 reduced positions. 17 funds bought stakes while 66 increased positions. They now own 32.81 million shares or 1.69% less from 33.38 million shares in 2016Q1.

M&T State Bank Corporation accumulated 8,257 shares or 0% of the stock. Nuveen Asset Management Limited Com last reported 69,877 shares in the company. Goldman Sachs Gru accumulated 214,515 shares or 0% of the stock. Gam Holding Ag has 0.13% invested in the company for 146,000 shares. Arizona State Retirement Sys last reported 12,508 shares in the company. Envestnet Asset Mgmt accumulated 2,639 shares or 0% of the stock. Huntington Retail Bank holds 0% of its portfolio in Deckers Outdoor Corp (NYSE:DECK) for 1,748 shares. Louisiana State Employees Retirement holds 0.03% of its portfolio in Deckers Outdoor Corp (NYSE:DECK) for 8,500 shares. Dc Cap Advsrs Ltd holds 100,000 shares or 3.37% of its portfolio. Moreover, Ls Advsrs Lc has 0.01% invested in Deckers Outdoor Corp (NYSE:DECK) for 1,987 shares. The Switzerland-based Robecosam Ag has invested 0.12% in Deckers Outdoor Corp (NYSE:DECK). First Interstate State Bank has 0% invested in the company for 276 shares. Lord Abbett Ltd Liability Corp has invested 0.03% of its portfolio in Deckers Outdoor Corp (NYSE:DECK). Manufacturers Life Insur Commerce The holds 0.01% of its portfolio in Deckers Outdoor Corp (NYSE:DECK) for 64,110 shares. Kcg Holding owns 13,226 shares or 0.02% of their US portfolio.

Insider Transactions: Since August 5, 2016, the stock had 0 buys, and 3 insider sales for $3.66 million net activity. On Tuesday, August 16 MARTINEZ ANGEL R sold $1.96 million worth of the stock or 29,058 shares. Another trade for 1,750 shares valued at $112,299 was sold by Powers David. PERENCHIO JOHN G sold $1.58 million worth of stock or 23,500 shares.

Analysts await Deckers Outdoor Corp (NYSE:DECK) to report earnings on November, 3. They expect $1.20 earnings per share, up 8.11% or $0.09 from last year’s $1.11 per share. DECK’s profit will be $37.76 million for 10.66 P/E if the $1.20 EPS becomes a reality. After $-1.80 actual earnings per share reported by Deckers Outdoor Corp for the previous quarter, Wall Street now forecasts -166.67% EPS growth.

The stock increased 0.06% or $0.03 during the last trading session, hitting $51.17. About 807,393 shares traded hands or 2.37% up from the average. Deckers Outdoor Corp (NYSE:DECK) has declined 14.64% since March 31, 2016 and is downtrending. It has underperformed by 17.16% the S&P500.

Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The company has a market cap of $1.61 billion. The Company’s divisions include activities of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer business, which includes E-Commerce business and retail store business. It has a 14.98 P/E ratio. The Firm sells accessories, such as handbags and loungewear, through domestic and international retailers, international distributors and directly to end user clients both domestically and internationally, through its Websites, call centers and retail stores.

Deckers Outdoor Corp (NYSE:DECK) Ratings Coverage

Out of 18 analysts covering Deckers Outdoor (NYSE:DECK), 6 rate it a “Buy”, 3 “Sell”, while 9 “Hold”. This means 33% are positive. $86.0 is the highest target while $19 is the lowest. The $57.50 average target is 12.37% above today’s ($51.17) stock price. Deckers Outdoor has been the topic of 41 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was downgraded by Susquehanna to “Negative” on Thursday, October 13. The rating was upgraded by Telsey Advisory Group to “Outperform” on Monday, August 15. On Monday, January 4 the stock rating was downgraded by B. Riley & Co to “Neutral”. The firm has “Neutral” rating by Citigroup given on Friday, July 29. The firm earned “Buy” rating on Friday, May 27 by Goldman Sachs. The firm has “Neutral” rating given on Tuesday, June 14 by Citigroup. The firm earned “Neutral” rating on Friday, May 27 by Citigroup. The firm has “Outperform” rating by Telsey Advisory Group given on Friday, October 28. The firm has “Neutral” rating by Credit Suisse given on Friday, May 27. The stock of Deckers Outdoor Corp (NYSE:DECK) earned “Buy” rating by Citigroup on Tuesday, March 29.

More news for Deckers Outdoor Corp (NYSE:DECK) were recently published by: Fool.com, which released: “Deckers Outdoor Corp.: “Less Bad” is Actually Good in Year of Transition” on August 05, 2016. Investorplace.com‘s article titled: “Trade of the Day: Deckers Outdoor Corp (NYSE:DECK)” and published on October 19, 2016 is yet another important article.

According to Zacks Investment Research, “DECKERS OUTDOOR CORP. designs, manufactures, and markets innovative, function-oriented footwear and apparel that have been developed for high-performance outdoor, sports and other lifestyle related activities, as well as for casual use.”

DECK Company Profile

Deckers Outdoor Corporation, incorporated on August 3, 1993, is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s divisions include activities of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business. The Firm sells accessories, such as handbags and loungewear, through domestic and international retailers, international distributors and directly to end user clients both domestically and internationally, through its Websites, call centers and retail stores. The Firm markets its products primarily under three brands: UGG, Teva and Sanuk.

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