Federated Hermes Inc. Reduces Stock Holdings in Under Armour, Inc. (NYSE:UAA)

Federated Hermes Inc. lessened its stake in shares of Under Armour, Inc. (NYSE:UAA) by 12.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 164,509 shares of the company’s stock after selling 24,065 shares during the quarter. Federated Hermes Inc.’s holdings in Under Armour were worth $1,446,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of UAA. Glenmede Trust Co. NA purchased a new stake in Under Armour in the third quarter valued at $10,741,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Under Armour by 65.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,943,745 shares of the company’s stock valued at $27,015,000 after purchasing an additional 1,555,856 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Under Armour by 7.5% in the 3rd quarter. Vanguard Group Inc. now owns 18,196,402 shares of the company’s stock valued at $124,645,000 after purchasing an additional 1,269,037 shares during the period. Trexquant Investment LP grew its stake in Under Armour by 289.9% during the 3rd quarter. Trexquant Investment LP now owns 1,229,130 shares of the company’s stock worth $8,420,000 after buying an additional 913,876 shares during the last quarter. Finally, Maven Securities LTD acquired a new position in Under Armour during the third quarter worth approximately $3,350,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price objective on Under Armour from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, April 25th. Williams Trading restated a “hold” rating and issued a $8.00 price objective on shares of Under Armour in a research note on Thursday, March 14th. BNP Paribas reaffirmed a “neutral” rating on shares of Under Armour in a report on Thursday, March 14th. Evercore ISI restated an “underperform” rating and set a $7.00 price target (down previously from $8.00) on shares of Under Armour in a research note on Thursday, March 14th. Finally, TheStreet upgraded shares of Under Armour from a “d+” rating to a “c-” rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat, Under Armour currently has a consensus rating of “Hold” and a consensus price target of $8.55.

Under Armour Stock Performance

NYSE UAA opened at $6.83 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 2.13 and a debt-to-equity ratio of 0.27. Under Armour, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $9.50. The business has a fifty day moving average of $7.49 and a 200-day moving average of $7.76. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 7.59, a price-to-earnings-growth ratio of 1.17 and a beta of 1.65.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, February 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. Under Armour had a net margin of 6.98% and a return on equity of 13.85%. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. As a group, analysts predict that Under Armour, Inc. will post 0.52 earnings per share for the current fiscal year.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.