Bank of Montreal Can Decreases Stock Holdings in Under Armour, Inc. (NYSE:UAA)

Bank of Montreal Can cut its holdings in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 74.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,036 shares of the company's stock after selling 106,236 shares during the period. Bank of Montreal Can's holdings in Under Armour were worth $298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. FMR LLC raised its position in shares of Under Armour by 193.2% in the fourth quarter. FMR LLC now owns 28,317,951 shares of the company's stock worth $234,473,000 after acquiring an additional 18,658,128 shares during the period. Vanguard Group Inc. raised its stake in Under Armour by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company's stock valued at $128,741,000 after purchasing an additional 263,988 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 buying an additional 84,802 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Under Armour by 160.5% during the 4th quarter. American Century Companies Inc. now owns 4,013,671 shares of the company's stock worth $33,233,000 after purchasing an additional 2,472,813 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Under Armour by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,890,105 shares of the company's stock valued at $23,940,000 after buying an additional 9,024 shares in the last quarter. Hedge funds and other institutional investors own 34.58% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on UAA shares. UBS Group decreased their price target on Under Armour from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Telsey Advisory Group reissued a "market perform" rating and issued a $10.00 target price on shares of Under Armour in a research report on Thursday, February 6th. Guggenheim restated a "neutral" rating on shares of Under Armour in a research report on Friday, February 7th. Stifel Nicolaus cut their price objective on Under Armour from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, StockNews.com upgraded Under Armour from a "sell" rating to a "hold" rating in a report on Thursday, March 20th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Under Armour currently has a consensus rating of "Hold" and an average price target of $9.12.

Under Armour Stock Performance

Shares of UAA stock traded down $0.09 during mid-day trading on Friday, hitting $5.71. 14,029,406 shares of the stock were exchanged, compared to its average volume of 12,176,908. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of -19.69 and a beta of 1.49. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. Under Armour, Inc. has a 12-month low of $4.78 and a 12-month high of $11.89. The stock's fifty day simple moving average is $6.30 and its two-hundred day simple moving average is $7.91.

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

About Under Armour

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.