Vanguard Group Inc. raised its holdings in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,548,461 shares of the company's stock after purchasing an additional 263,988 shares during the quarter. Vanguard Group Inc. owned 3.60% of Under Armour worth $128,741,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in UAA. Compagnie Lombard Odier SCmA bought a new stake in shares of Under Armour in the fourth quarter valued at about $25,000. Nomura Asset Management Co. Ltd. grew its stake in Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company's stock valued at $26,000 after purchasing an additional 1,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Under Armour in the 4th quarter worth approximately $27,000. SBI Securities Co. Ltd. acquired a new position in shares of Under Armour during the fourth quarter worth $40,000. Finally, Harbour Investments Inc. increased its position in Under Armour by 438.2% during the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock valued at $51,000 after buying an additional 5,000 shares in the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.
Under Armour Trading Down 0.5 %
UAA traded down $0.03 on Friday, hitting $5.18. The company had a trading volume of 15,698,643 shares, compared to its average volume of 11,831,250. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The firm has a market cap of $2.22 billion, a P/E ratio of -17.84 and a beta of 1.49. The company's fifty day moving average price is $6.63 and its 200 day moving average price is $8.11. Under Armour, Inc. has a 1 year low of $4.78 and a 1 year high of $11.89.
Under Armour (NYSE:UAA - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the business posted $0.19 EPS. As a group, equities analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current year.
Analyst Ratings Changes
UAA has been the subject of several research reports. StockNews.com upgraded shares of Under Armour from a "sell" rating to a "hold" rating in a research note on Thursday, March 20th. Barclays cut their target price on shares of Under Armour from $11.00 to $8.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. KGI Securities assumed coverage on shares of Under Armour in a research note on Friday, March 7th. They issued a "neutral" rating and a $7.40 price target on the stock. Telsey Advisory Group reiterated a "market perform" rating and set a $10.00 price objective on shares of Under Armour in a research note on Thursday, February 6th. Finally, Argus downgraded Under Armour from a "buy" rating to a "hold" rating in a research report on Thursday, January 16th. Three research 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. Based on data from MarketBeat.com, Under Armour presently has an average rating of "Hold" and a consensus target price of $9.12.
Read Our Latest Report on Under Armour
About Under Armour
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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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