LPL Financial LLC Sells 50,154 Shares of Under Armour, Inc. (NYSE:UAA)

LPL Financial LLC lowered its position in Under Armour, Inc. (NYSE:UAA - Free Report) by 36.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,976 shares of the company's stock after selling 50,154 shares during the period. LPL Financial LLC's holdings in Under Armour were worth $720,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new stake in shares of Under Armour during the 4th quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Under Armour during the fourth quarter worth about $27,000. SBI Securities Co. Ltd. bought a new stake in Under Armour in the fourth quarter worth about $40,000. Harbour Investments Inc. raised its position in Under Armour by 438.2% in the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock worth $51,000 after acquiring an additional 5,000 shares during the period. Finally, Versant Capital Management Inc boosted its stake in Under Armour by 63.2% in the fourth quarter. Versant Capital Management Inc now owns 10,037 shares of the company's stock valued at $83,000 after acquiring an additional 3,885 shares during the last quarter. 34.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UAA. Guggenheim reaffirmed a "neutral" rating on shares of Under Armour in a research report on Friday, February 7th. StockNews.com upgraded shares of Under Armour from a "sell" rating to a "hold" rating in a research report on Thursday, March 20th. Telsey Advisory Group reissued a "market perform" rating and issued a $10.00 price target on shares of Under Armour in a research report on Thursday, February 6th. KGI Securities assumed coverage on shares of Under Armour in a report on Friday, March 7th. They issued a "neutral" rating and a $7.40 price objective for the company. Finally, Stifel Nicolaus lowered their target price on shares of Under Armour from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Under Armour has a consensus rating of "Hold" and a consensus target price of $9.12.

Under Armour Stock Performance

NYSE UAA opened at $5.86 on Wednesday. Under Armour, Inc. has a 52-week low of $4.78 and a 52-week high of $11.89. The company has a fifty day moving average of $6.41 and a 200-day moving average of $7.98. The company has a market capitalization of $2.52 billion, a P/E ratio of -20.21 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 (NYSE:UAA - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) 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 quarter last year, the company earned $0.19 earnings per share. As a group, equities research analysts predict that Under Armour, Inc. will post 0.3 EPS for the current fiscal 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.

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