Landscape Capital Management L.L.C. Invests $267,000 in Under Armour, Inc. (NYSE:UAA)

Landscape Capital Management L.L.C. acquired a new stake in shares of Under Armour, Inc. (NYSE:UAA) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 32,270 shares of the company’s stock, valued at approximately $267,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Compagnie Lombard Odier SCmA bought a new position in shares of Under Armour during the 4th quarter valued at approximately $25,000. Nomura Asset Management Co. Ltd. raised its position in shares of Under Armour by 163.6% during the 3rd 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 period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Under Armour during the 4th quarter valued at $27,000. SBI Securities Co. Ltd. bought a new position in Under Armour in the 4th quarter worth $40,000. Finally, Harbour Investments Inc. raised its holdings in Under Armour by 438.2% during the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock valued at $51,000 after acquiring an additional 5,000 shares during the period. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UAA has been the subject of several recent analyst reports. Barclays dropped their price target on 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. Argus lowered shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. UBS Group reduced their price target on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 price objective on shares of Under Armour in a report on Thursday, February 6th. Finally, Evercore ISI decreased their target price on Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a research report on Monday, February 10th. 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.06.

Under Armour Stock Performance

Shares of NYSE:UAA opened at $4.94 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a 12 month low of $4.82 and a 12 month high of $11.89. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of -17.02 and a beta of 1.49. The firm’s 50-day moving average is $6.86 and its 200 day moving average is $8.19.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates 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 business earned $0.19 EPS. Research analysts predict that Under Armour, Inc. will post 0.3 EPS for the current year.

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.