Prudential Financial Inc. Has $129,000 Stock Position in Under Armour, Inc. (NYSE:UAA)

Prudential Financial Inc. trimmed its position in Under Armour, Inc. (NYSE:UAA - Free Report) by 79.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,538 shares of the company's stock after selling 61,296 shares during the quarter. Prudential Financial Inc.'s holdings in Under Armour were worth $129,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new position in shares of Under Armour in the 4th quarter valued at $25,000. Nomura Asset Management Co. Ltd. lifted its stake in Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company's stock worth $26,000 after purchasing an additional 1,800 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Under Armour during the fourth quarter valued at approximately $27,000. SBI Securities Co. Ltd. bought a new stake in shares of Under Armour in the 4th quarter valued at approximately $40,000. Finally, Harbour Investments Inc. raised its holdings in shares of Under Armour by 438.2% in the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock worth $51,000 after buying an additional 5,000 shares in the last quarter. 34.58% of the stock is owned by institutional investors.

Under Armour Stock Up 5.2 %

Shares of NYSE:UAA traded up $0.29 during midday trading on Tuesday, reaching $5.73. 18,493,223 shares of the company were exchanged, compared to its average volume of 11,874,359. The stock has a fifty day simple moving average of $6.57 and a two-hundred day simple moving average of $8.08. The firm has a market cap of $2.46 billion, a PE ratio of -19.74 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. Under Armour, Inc. has a fifty-two week low of $4.78 and a fifty-two week high of $11.89.

Remove Ads

Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate 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 period last year, the firm earned $0.19 EPS. As a group, sell-side analysts forecast that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on UAA shares. Guggenheim reiterated a "neutral" rating on shares of Under Armour in a research note on Friday, February 7th. Barclays cut their price target on shares of Under Armour from $11.00 to $8.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. Evercore ISI cut their target price on shares of Under Armour from $8.00 to $7.00 and set an "underperform" rating for the company in a research note on Monday, February 10th. Telsey Advisory Group restated a "market perform" rating and set a $10.00 price target on shares of Under Armour in a research report on Thursday, February 6th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Under Armour in a research note on Friday, February 7th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $9.12.

Under Armour 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.