National Bank of Canada FI boosted its holdings in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 273.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 140,911 shares of the company's stock after acquiring an additional 103,208 shares during the period. National Bank of Canada FI's holdings in Under Armour were worth $1,167,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of UAA. Vanguard Group Inc. lifted its stake in Under Armour by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company's stock valued at $128,741,000 after purchasing an additional 263,988 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its position in shares of Under Armour by 6.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company's stock worth $51,149,000 after acquiring an additional 327,979 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Under Armour by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,815,640 shares of the company's stock worth $39,873,000 after acquiring an additional 84,802 shares during the last quarter. American Century Companies Inc. increased its position in 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. Finally, Bank of New York Mellon Corp lifted its stake in 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. 34.58% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have issued reports on UAA shares. Evercore ISI lowered their target price on Under Armour from $8.00 to $7.00 and set an "underperform" rating for the company in a report on Monday, February 10th. Stifel Nicolaus reduced 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. UBS Group cut their price target on shares of Under Armour from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. KGI Securities started coverage on Under Armour in a research report on Friday, March 7th. They set a "neutral" rating and a $7.40 target price for the company. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $10.00 price target on shares of Under Armour in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $9.12.
Read Our Latest Stock Analysis on Under Armour
Under Armour Stock Performance
Under Armour stock traded up $0.17 during mid-day trading on Monday, reaching $5.36. 1,115,373 shares of the company's stock were exchanged, compared to its average volume of 11,797,917. The firm has a market capitalization of $2.30 billion, a PE ratio of -18.47 and a beta of 1.49. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The business's fifty day simple moving average is $6.63 and its 200 day simple moving average is $8.11. Under Armour, Inc. has a one year low of $4.78 and a one year high of $11.89.
Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 prior year, the firm earned $0.19 earnings per share. On average, sell-side analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current year.
Under Armour 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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