Charles Schwab Investment Management Inc. Boosts Stock Position in Under Armour, Inc. (NYSE:UAA)

Charles Schwab Investment Management Inc. increased its holdings in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,815,640 shares of the company's stock after buying an additional 84,802 shares during the period. Charles Schwab Investment Management Inc. owned about 1.11% of Under Armour worth $39,873,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in UAA. Empowered Funds LLC purchased a new position in shares of Under Armour in the 4th quarter valued at about $412,000. Quantbot Technologies LP grew its holdings in Under Armour by 288.1% during the 3rd quarter. Quantbot Technologies LP now owns 423,311 shares of the company's stock worth $3,772,000 after acquiring an additional 314,226 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Under Armour by 11.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company's stock valued at $11,853,000 after purchasing an additional 150,958 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Under Armour by 48.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company's stock valued at $5,470,000 after purchasing an additional 199,348 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Under Armour by 37.4% in the 4th quarter. SG Americas Securities LLC now owns 158,541 shares of the company's stock valued at $1,313,000 after purchasing an additional 43,158 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

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Under Armour Stock Performance

Shares of Under Armour stock traded down $0.06 during trading hours on Wednesday, hitting $6.66. 7,243,566 shares of the company were exchanged, compared to its average volume of 11,486,373. The business has a 50-day moving average of $7.58 and a 200-day moving average of $8.38. Under Armour, Inc. has a 1 year low of $6.17 and a 1 year high of $11.89. 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 stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of -22.95 and a beta of 1.63.

Under Armour (NYSE:UAA - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm posted $0.19 earnings per share. As a group, analysts expect that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UAA has been the topic of several recent analyst reports. TD Cowen increased their target price on Under Armour from $10.00 to $11.00 and gave the company a "hold" rating in a report on Friday, December 13th. UBS Group cut their target price on Under Armour from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Tuesday, January 28th. Argus downgraded Under Armour from a "buy" rating to a "hold" rating in a report on Thursday, January 16th. KGI Securities began coverage on shares of Under Armour in a research note on Friday, March 7th. They issued a "neutral" rating and a $7.40 price target on the stock. Finally, Guggenheim restated a "neutral" rating on shares of Under Armour in a report on Friday, February 7th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Under Armour currently has a consensus rating of "Hold" and an average target price of $9.06.

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.