ExodusPoint Capital Management LP bought a new stake in Under Armour, Inc. (NYSE:UAA - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 731,862 shares of the company's stock, valued at approximately $6,060,000. ExodusPoint Capital Management LP owned about 0.17% of Under Armour at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Empowered Funds LLC acquired a new position in Under Armour in the fourth quarter worth about $412,000. Teacher Retirement System of Texas acquired a new position in shares of Under Armour in the 4th quarter worth approximately $313,000. Fox Run Management L.L.C. lifted its position in shares of Under Armour by 215.1% during the 4th quarter. Fox Run Management L.L.C. now owns 68,596 shares of the company's stock worth $568,000 after buying an additional 46,828 shares during the period. Bank of New York Mellon Corp grew its position in Under Armour by 11.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company's stock valued at $11,853,000 after acquiring an additional 150,958 shares during the period. Finally, Trexquant Investment LP raised its stake in Under Armour by 179.7% during the fourth quarter. Trexquant Investment LP now owns 612,159 shares of the company's stock worth $5,069,000 after acquiring an additional 393,330 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently commented on UAA shares. TD Cowen boosted their target price on shares of Under Armour from $10.00 to $11.00 and gave the company a "hold" rating in a research note on Friday, December 13th. Barclays decreased their price objective on shares of Under Armour from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Argus cut shares of Under Armour from a "buy" rating to a "hold" rating in a research note on Thursday, January 16th. Guggenheim restated a "neutral" rating on shares of Under Armour in a research report on Friday, February 7th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $10.00 price target on shares of Under Armour in a research report on Thursday, February 6th. 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $9.12.
Read Our Latest Research Report on UAA
Under Armour Stock Down 10.0 %
Shares of UAA traded down $0.57 during midday trading on Thursday, hitting $5.07. The stock had a trading volume of 8,782,393 shares, compared to its average volume of 11,732,409. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of -17.44 and a beta of 1.49. The company has a 50 day simple moving average of $6.75 and a two-hundred day simple moving average of $8.15. Under Armour, Inc. has a twelve month low of $4.78 and a twelve month high of $11.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19.
Under Armour (NYSE:UAA - Get Free Report) last announced 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 quarter in the previous year, the business earned $0.19 earnings per share. On average, analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current year.
About Under Armour
(
Free Report)
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.
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