Raymond James Financial Inc. Acquires Shares of 53,018 Under Armour, Inc. (NYSE:UAA)

Raymond James Financial Inc. acquired a new stake in Under Armour, Inc. (NYSE:UAA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 53,018 shares of the company's stock, valued at approximately $439,000.

Other large investors have also bought and sold shares of the company. Disciplined Growth Investors Inc. MN lifted its stake in Under Armour by 6.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company's stock valued at $51,149,000 after buying an additional 327,979 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Under Armour during the 3rd quarter valued at $1,482,000. Bank of New York Mellon Corp boosted its stake in Under Armour by 11.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company's stock worth $11,853,000 after acquiring an additional 150,958 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Under Armour by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,815,640 shares of the company's stock worth $39,873,000 after purchasing an additional 84,802 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Under Armour in the fourth quarter valued at $486,000. 34.58% of the stock is owned by institutional investors.

Under Armour Price Performance

Under Armour stock traded down $0.03 during mid-day trading on Friday, hitting $5.18. The stock had a trading volume of 15,698,643 shares, compared to its average volume of 11,831,250. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The firm's 50 day moving average is $6.63 and its 200 day moving average is $8.11. The firm has a market capitalization of $2.22 billion, a P/E ratio of -17.84 and a beta of 1.49. Under Armour, Inc. has a one year low of $4.78 and a one year high of $11.89.

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Under Armour (NYSE:UAA - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same quarter in the prior year, the firm posted $0.19 EPS. On average, sell-side analysts forecast that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Guggenheim reissued a "neutral" rating on shares of Under Armour in a research report on Friday, February 7th. Telsey Advisory Group reiterated a "market perform" rating and set a $10.00 price target on shares of Under Armour in a research note on Thursday, February 6th. Barclays dropped their target price on Under Armour from $11.00 to $8.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. Argus lowered Under Armour from a "buy" rating to a "hold" rating in a research report on Thursday, January 16th. Finally, UBS Group cut their price objective on shares of Under Armour from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $9.12.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.