Fmr LLC Boosts Stock Position in Under Armour, Inc. (NYSE:UAA)

Fmr LLC grew its holdings in shares of Under Armour, Inc. (NYSE:UAA) by 193.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,317,951 shares of the company’s stock after buying an additional 18,658,128 shares during the quarter. Fmr LLC owned 6.55% of Under Armour worth $234,473,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC bought a new position in shares of Under Armour during the fourth quarter worth about $412,000. Teacher Retirement System of Texas bought a new stake in shares of Under Armour in the 4th quarter valued at approximately $313,000. Fox Run Management L.L.C. increased its holdings in shares of Under Armour by 215.1% in the 4th quarter. Fox Run Management L.L.C. now owns 68,596 shares of the company’s stock valued at $568,000 after acquiring an additional 46,828 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Under Armour by 11.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company’s stock valued at $11,853,000 after acquiring an additional 150,958 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Under Armour by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company’s stock worth $128,741,000 after purchasing an additional 263,988 shares during the last quarter. Institutional investors own 34.58% of the company’s stock.

Under Armour Trading Down 0.5 %

Under Armour stock opened at $5.18 on Friday. Under Armour, Inc. has a 52 week low of $4.78 and a 52 week high of $11.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of -17.84 and a beta of 1.49. The company has a 50 day moving average price of $6.69 and a 200 day moving average price of $8.14.

Under Armour (NYSE:UAA) last issued its earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping 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 period in the previous year, the firm earned $0.19 earnings per share. Research analysts forecast that Under Armour, Inc. will post 0.3 EPS for the current year.

Analyst Ratings Changes

UAA has been the subject of several recent research reports. Evercore ISI lowered their target price on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a research note on Monday, February 10th. Stifel Nicolaus lowered their price objective on shares of Under Armour from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday. StockNews.com raised shares of Under Armour from a “sell” rating to a “hold” rating in a report on Thursday, March 20th. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research report on Friday, February 7th. Finally, Guggenheim reissued a “neutral” rating on shares of Under Armour in a report on Friday, February 7th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Under Armour presently has an average rating of “Hold” and a consensus price target of $9.12.

About Under Armour

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.