Mackenzie Financial Corp Buys 43,029 Shares of Under Armour, Inc. (NYSE:UAA)

Mackenzie Financial Corp grew its stake in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 421.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,241 shares of the company's stock after purchasing an additional 43,029 shares during the period. Mackenzie Financial Corp's holdings in Under Armour were worth $441,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UAA. Compagnie Lombard Odier SCmA purchased a new stake in Under Armour in the 4th quarter worth about $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Under Armour in the 4th quarter worth about $27,000. SBI Securities Co. Ltd. purchased a new stake in Under Armour in the 4th quarter worth about $40,000. Harbour Investments Inc. lifted its stake in Under Armour by 438.2% in the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock worth $51,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Vident Advisory LLC purchased a new stake in Under Armour in the 4th quarter worth about $85,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Stock Performance

UAA traded up $0.20 during midday trading on Friday, reaching $6.77. The company's stock had a trading volume of 7,629,522 shares, compared to its average volume of 12,686,971. The stock has a market cap of $2.91 billion, a P/E ratio of -23.34 and a beta of 1.63. The company has a fifty day simple moving average of $6.03 and a 200 day simple moving average of $7.32. 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 twelve month low of $4.78 and a twelve month high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm earned $0.11 EPS. Under Armour's revenue for the quarter was down 11.4% compared to the same quarter last year. Research analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Guggenheim reaffirmed a "neutral" rating on shares of Under Armour in a research report on Friday, February 7th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $7.00 target price on shares of Under Armour in a research report on Tuesday, May 13th. UBS Group upped their target price on Under Armour from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Evercore ISI lowered their price objective on Under Armour from $7.00 to $6.00 and set an "underperform" rating on the stock in a report on Wednesday, May 14th. Finally, Barclays lowered their price objective on Under Armour from $8.00 to $6.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $7.33.

Insider Transactions at Under Armour

In other news, insider Mehri Shadman sold 16,287 shares of Under Armour stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total transaction of $100,002.18. Following the sale, the insider now owns 191,796 shares of the company's stock, valued at approximately $1,177,627.44. This trade represents a 7.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.60% of the stock is owned by insiders.

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.