China Universal Asset Management Co. Ltd. Purchases New Holdings in Under Armour, Inc. (NYSE:UAA)

China Universal Asset Management Co. Ltd. acquired a new position in shares of Under Armour, Inc. (NYSE:UAA - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 64,600 shares of the company's stock, valued at approximately $576,000.

A number of other institutional investors also recently made changes to their positions in UAA. Hexagon Capital Partners LLC grew its stake in shares of Under Armour by 101.1% in the first quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company's stock valued at $28,000 after acquiring an additional 1,890 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Under Armour by 2.5% during the first quarter. Principal Financial Group Inc. now owns 710,936 shares of the company's stock worth $5,247,000 after purchasing an additional 17,641 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Under Armour by 24.0% in the first quarter. Commonwealth Equity Services LLC now owns 89,941 shares of the company's stock valued at $664,000 after buying an additional 17,399 shares in the last quarter. Texas Permanent School Fund Corp raised its position in shares of Under Armour by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company's stock valued at $1,216,000 after buying an additional 1,746 shares in the last quarter. Finally, Duality Advisers LP boosted its stake in shares of Under Armour by 386.0% in the first quarter. Duality Advisers LP now owns 100,280 shares of the company's stock valued at $740,000 after buying an additional 79,646 shares during the period. Institutional investors own 34.58% of the company's stock.

Under Armour Trading Down 0.6 %

Shares of Under Armour stock traded down $0.05 during trading on Wednesday, hitting $8.67. The company's stock had a trading volume of 8,469,005 shares, compared to its average volume of 10,039,912. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of -48.50, a price-to-earnings-growth ratio of 4.20 and a beta of 1.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08. Under Armour, Inc. has a 52 week low of $6.17 and a 52 week high of $9.58. The stock has a 50-day moving average price of $8.32 and a two-hundred day moving average price of $7.39.

Under Armour (NYSE:UAA - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.09. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.14 billion. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The business's revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 EPS. Equities research analysts anticipate that Under Armour, Inc. will post 0.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UAA has been the subject of several analyst reports. Morgan Stanley cut Under Armour from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $8.00 to $4.00 in a report on Tuesday, July 23rd. Argus raised Under Armour to a "strong-buy" rating in a research note on Thursday, August 15th. Barclays upped their price objective on shares of Under Armour from $6.00 to $8.00 and gave the stock an "equal weight" rating in a research report on Friday, August 9th. Truist Financial raised their target price on shares of Under Armour from $7.00 to $8.00 and gave the company a "hold" rating in a report on Friday, August 9th. Finally, UBS Group upped their price target on shares of Under Armour from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Under Armour presently has an average rating of "Hold" and a consensus target price of $7.87.

Under Armour Company Profile

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.