FMR LLC lifted its stake in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 193.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,317,951 shares of the company's stock after acquiring an additional 18,658,128 shares during the period. FMR LLC owned 6.55% of Under Armour worth $234,473,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. American Century Companies Inc. boosted its position 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 in the last quarter. Norges Bank acquired a new stake in Under Armour in the fourth quarter valued at approximately $11,151,000. ExodusPoint Capital Management LP bought a new stake in shares of Under Armour during the fourth quarter valued at approximately $6,060,000. Trexquant Investment LP raised its position in shares of 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 purchasing an additional 393,330 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Under Armour by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company's stock worth $128,741,000 after purchasing an additional 263,988 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. Argus downgraded shares of Under Armour from a "buy" rating to a "hold" rating in a report on Thursday, January 16th. StockNews.com raised shares of Under Armour from a "sell" rating to a "hold" rating in a research report on Thursday, March 20th. Stifel Nicolaus decreased their price objective on Under Armour from $13.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Guggenheim restated a "neutral" rating on shares of Under Armour in a report on Friday, February 7th. Finally, KGI Securities started coverage on Under Armour in a report on Friday, March 7th. They set a "neutral" rating and a $7.40 price target for the company. Three investment 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $9.12.
Read Our Latest Stock Analysis on UAA
Under Armour Stock Performance
Shares of UAA traded up $0.29 during mid-day trading on Tuesday, hitting $5.73. The stock had a trading volume of 18,493,223 shares, compared to its average volume of 11,874,360. Under Armour, Inc. has a 52 week low of $4.78 and a 52 week 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. The business has a fifty day moving average price of $6.57 and a 200-day moving average price of $8.08. The firm has a market cap of $2.46 billion, a P/E ratio of -19.74 and a beta of 1.49.
Under Armour (NYSE:UAA - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period in the previous year, the company posted $0.19 EPS. On average, equities research analysts expect that Under Armour, Inc. will post 0.3 EPS for the current year.
Under Armour Company Profile
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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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