Jupiter Asset Management Ltd. lowered its stake in Under Armour, Inc. (NYSE:UAA - Free Report) by 34.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 696,016 shares of the company's stock after selling 364,041 shares during the period. Jupiter Asset Management Ltd. owned 0.16% of Under Armour worth $5,763,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA purchased a new position in Under Armour in the 4th quarter worth about $25,000. Nomura Asset Management Co. Ltd. raised its position in Under Armour by 163.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company's stock worth $26,000 after buying an additional 1,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Under Armour in the 4th quarter worth about $27,000. SBI Securities Co. Ltd. purchased a new position in Under Armour in the 4th quarter worth about $40,000. Finally, Versant Capital Management Inc raised its position in Under Armour by 63.2% in the 4th quarter. Versant Capital Management Inc now owns 10,037 shares of the company's stock worth $83,000 after buying an additional 3,885 shares during the last quarter. Institutional investors own 34.58% of the company's stock.
Under Armour Trading Down 2.4 %
UAA stock opened at $7.02 on Friday. Under Armour, Inc. has a 1-year low of $6.17 and a 1-year 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 company has a market capitalization of $3.02 billion, a price-to-earnings ratio of -24.20 and a beta of 1.63. The business has a 50 day simple moving average of $7.70 and a two-hundred day simple moving average of $8.41.
Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping 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 period in the prior year, the business posted $0.19 earnings per share. Research analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have weighed in on UAA shares. KGI Securities started coverage on Under Armour in a research report on Friday, March 7th. They issued a "neutral" rating and a $7.40 target price for the company. Morgan Stanley reaffirmed an "underweight" rating and set a $4.00 price target on shares of Under Armour in a research report on Friday, December 13th. TD Cowen upped their price target on shares of Under Armour from $10.00 to $11.00 and gave the company a "hold" rating in a research report on Friday, December 13th. Evercore ISI reduced their price target on shares of Under Armour from $8.00 to $7.00 and set an "underperform" rating for the company in a research report on Monday, February 10th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Under Armour in a research report on Friday, February 7th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $8.99.
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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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