Janus Capital increases position in Deckers Outdoors

Janus Capital Management has increased its position in the UGG Boots parent company by 80 percent, and currently holds around 10 percent of Deckers’ common stock outstanding. Janus now owns 3.6 million shares after increasing its

position.

Per a 13G filing to the market regulator last week, Janus Capital Management announced it was upping its stake of the shoemaker Deckers Outdoor Corp (NASDAQ:DECK).

Janus Capital Management is part of the publicly owned investment firm Janus Capital Group, and provides various investment strategies that utilize both equities and fixed income securities.

Janus Capital has over 158 billion dollars in assets under management cumulatively. Deckers has attracted a big deal of interest within the investors community lately, with billionaire investor Ken Griffin – founder of Citadel Investment Group – increasing his stake by 40 percent last quarter.

Research analysts at Janney Capital assumed coverage on shares of Deckers Outdoor (NASDAQ: DECK) in a report released on Dec, 12. The firm set a “buy” rating and a 50 dollars price target on the stock. Deckers Outdoor has a 52 week low of 28.53 dollars and a 52 week high of 99.47 dollars. The company has a market cap of 1.375 billion dollars and a P/E ratio of 9.60.

Deckers Outdoor last posted its quarterly earnings results on Thursday, October 25th. The company reported 1.18 dollars EPS for the quarter, beating the Thomson Reuters consensus estimate of 1.05 dollars by 13 cents. The company’s quarterly revenue was down 11.3 percent on a year-over-year basis. Analysts expect that Deckers Outdoor will post 3.36 dollars EPS for the current fiscal year.