Tower Research Capital LLC TRC Has $317,000 Stock Position in Under Armour, Inc. (NYSE:UAA)

Tower Research Capital LLC TRC raised its stake in Under Armour, Inc. (NYSE:UAA) by 56.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,268 shares of the company’s stock after buying an additional 13,866 shares during the period. Tower Research Capital LLC TRC’s holdings in Under Armour were worth $317,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in Under Armour in the fourth quarter valued at approximately $412,000. Teacher Retirement System of Texas acquired a new stake in Under Armour in the fourth quarter valued at approximately $313,000. Fox Run Management L.L.C. boosted its position in Under Armour by 215.1% in the fourth quarter. Fox Run Management L.L.C. now owns 68,596 shares of the company’s stock valued at $568,000 after buying an additional 46,828 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Under Armour by 11.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company’s stock valued at $11,853,000 after buying an additional 150,958 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Under Armour by 36.5% in the fourth quarter. JPMorgan Chase & Co. now owns 554,525 shares of the company’s stock valued at $4,591,000 after buying an additional 148,280 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Trading Up 1.5 %

UAA opened at $5.81 on Friday. Under Armour, Inc. has a 1-year low of $4.78 and a 1-year high of $11.89. 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 company has a market cap of $2.50 billion, a P/E ratio of -20.02 and a beta of 1.49. The company has a fifty day moving average price of $6.19 and a two-hundred day moving average price of $7.84.

Under Armour (NYSE:UAA) last posted its quarterly earnings results 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 in the prior year, the company earned $0.19 earnings per share. Analysts predict that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UAA. Evercore ISI cut their price target on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a report on Monday, February 10th. Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 price target on shares of Under Armour in a report on Thursday, February 6th. Barclays cut their price target on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Argus lowered shares of Under Armour from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a report on Friday, February 7th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.18.

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.