Under Armour, Inc. (NYSE:UAA) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 36.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 554,525 shares of the company's stock after acquiring an additional 148,280 shares during the period. JPMorgan Chase & Co. owned about 0.13% of Under Armour worth $4,591,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA bought a new position in Under Armour during the 4th quarter worth about $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Under Armour during the fourth quarter worth $27,000. SBI Securities Co. Ltd. acquired a new position in Under Armour in the fourth quarter valued at approximately $40,000. Harbour Investments Inc. lifted its stake 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 valued at $51,000 after purchasing an additional 5,000 shares during the period. Finally, Versant Capital Management Inc grew its position in shares of Under Armour by 63.2% during the 4th 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 period. Institutional investors own 34.58% of the company's stock.

Under Armour Stock Up 0.8 %

NYSE UAA traded up $0.05 during trading hours on Thursday, hitting $5.83. The company had a trading volume of 4,585,688 shares, compared to its average volume of 12,037,337. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of -20.09 and a beta of 1.49. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. Under Armour, Inc. has a fifty-two week low of $4.78 and a fifty-two week high of $11.89. The firm's 50 day moving average is $6.39 and its 200 day moving average is $7.96.

Under Armour (NYSE:UAA - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating 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 in the previous year, the company posted $0.19 earnings per share. Sell-side analysts anticipate that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. KGI Securities assumed coverage on shares of Under Armour in a research report on Friday, March 7th. They set a "neutral" rating and a $7.40 price objective for the company. Evercore ISI decreased their price target on shares of Under Armour from $8.00 to $7.00 and set an "underperform" rating on the stock in a research note on Monday, February 10th. Stifel Nicolaus cut their price objective on Under Armour from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. UBS Group reduced their price objective on Under Armour from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $10.00 target price on shares of Under Armour in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.