Towle & Co. Sells 507,955 Shares of Under Armour, Inc. (NYSE:UAA)

Towle & Co. reduced its holdings in Under Armour, Inc. (NYSE:UAA - Free Report) by 18.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,305,909 shares of the company's stock after selling 507,955 shares during the quarter. Under Armour comprises 3.3% of Towle & Co.'s portfolio, making the stock its 6th biggest holding. Towle & Co. owned approximately 0.53% of Under Armour worth $19,093,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in UAA. Kera Capital Partners Inc. acquired a new position in shares of Under Armour in the 4th quarter worth approximately $189,000. M.E. Allison & CO. Inc. bought a new stake in shares of Under Armour in the 4th quarter valued at $156,000. MCF Advisors LLC increased its position in shares of Under Armour by 7.6% in the 4th quarter. MCF Advisors LLC now owns 20,187 shares of the company's stock valued at $167,000 after buying an additional 1,419 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Under Armour by 37.4% in the 4th quarter. SG Americas Securities LLC now owns 158,541 shares of the company's stock valued at $1,313,000 after buying an additional 43,158 shares in the last quarter. Finally, KBC Group NV boosted its stake in Under Armour by 27.5% in the 4th quarter. KBC Group NV now owns 13,588 shares of the company's stock worth $113,000 after purchasing an additional 2,929 shares during the period. 34.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UAA has been the subject of a number of recent research reports. Barclays reduced their price objective on shares of Under Armour from $8.00 to $6.00 and set an "equal weight" rating for the company in a research note on Monday, May 12th. Bank of America cut their target price on shares of Under Armour from $10.00 to $8.00 and set a "neutral" rating for the company in a research note on Wednesday, May 14th. Stifel Nicolaus cut their target price on shares of Under Armour from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Robert W. Baird raised their target price on shares of Under Armour from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $7.00 target price on shares of Under Armour in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Under Armour currently has an average rating of "Hold" and an average price target of $7.33.

Under Armour Stock Performance

Shares of UAA traded up $0.21 during mid-day trading on Friday, hitting $6.73. 24,913,262 shares of the company's stock were exchanged, compared to its average volume of 12,663,976. Under Armour, Inc. has a 52 week low of $4.78 and a 52 week high of $11.89. The stock's 50-day simple moving average is $5.97 and its 200-day simple moving average is $7.54. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of -23.19 and a beta of 1.54. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same period last year, the firm earned $0.11 earnings per share. The business's revenue for the quarter was down 11.4% on a year-over-year basis. On average, equities research analysts expect 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.