Under Armour, Inc. (NYSE:UAA) Shares Sold by Neo Ivy Capital Management

Neo Ivy Capital Management lowered its position in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 74.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,296 shares of the company's stock after selling 122,948 shares during the period. Neo Ivy Capital Management's holdings in Under Armour were worth $358,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA purchased a new stake in Under Armour during the 4th quarter worth about $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Under Armour during the fourth quarter worth approximately $27,000. SBI Securities Co. Ltd. acquired a new position in Under Armour in the fourth quarter valued at approximately $40,000. Harbour Investments Inc. boosted its holdings in Under Armour by 438.2% in the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock valued at $51,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Vident Advisory LLC purchased a new position in Under Armour in the fourth quarter valued at approximately $85,000. Institutional investors and hedge funds own 34.58% of the company's stock.

Under Armour Stock Performance

NYSE UAA traded up $0.02 during trading hours on Wednesday, hitting $6.98. 12,102,243 shares of the stock were exchanged, compared to its average volume of 12,686,477. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The company has a market cap of $3.00 billion, a price-to-earnings ratio of -24.07 and a beta of 1.54. Under Armour, Inc. has a 12-month low of $4.78 and a 12-month high of $11.89. The stock has a 50-day moving average of $5.98 and a 200 day moving average of $7.49.

Under Armour (NYSE:UAA - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.16 billion. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. The firm's quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 EPS. As a group, equities research analysts forecast that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on UAA shares. UBS Group boosted their price objective on shares of Under Armour from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Wall Street Zen lowered Under Armour from a "hold" rating to a "sell" rating in a report on Saturday. Stifel Nicolaus cut their target price on Under Armour from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Robert W. Baird raised their price target on Under Armour from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Finally, Evercore ISI cut their price target on Under Armour from $7.00 to $6.00 and set an "underperform" rating on the stock in a research report on Wednesday, May 14th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $7.33.

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.