Under Armour, Inc. (NYSE:UAA) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP decreased its stake in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,044,777 shares of the company's stock after selling 208,397 shares during the period. Two Sigma Investments LP owned about 0.47% of Under Armour worth $16,931,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of UAA. FMR LLC lifted its holdings in Under Armour by 193.2% in the fourth quarter. FMR LLC now owns 28,317,951 shares of the company's stock worth $234,473,000 after acquiring an additional 18,658,128 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in Under Armour by 55.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company's stock worth $81,057,000 after acquiring an additional 3,503,006 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new position in Under Armour in the fourth quarter worth about $28,249,000. American Century Companies Inc. lifted its holdings in Under Armour by 160.5% in the fourth quarter. American Century Companies Inc. now owns 4,013,671 shares of the company's stock worth $33,233,000 after acquiring an additional 2,472,813 shares during the last quarter. Finally, Norges Bank bought a new position in Under Armour in the fourth quarter worth about $11,151,000. Institutional investors own 34.58% of the company's stock.

Under Armour Price Performance

Shares of NYSE UAA traded down $0.01 during mid-day trading on Wednesday, reaching $6.96. 4,271,219 shares of the company traded hands, compared to its average volume of 12,657,081. Under Armour, Inc. has a fifty-two week low of $4.78 and a fifty-two week high of $11.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. The firm has a market cap of $2.99 billion, a PE ratio of -23.98 and a beta of 1.54. The stock has a fifty day simple moving average of $5.98 and a 200-day simple moving average of $7.49.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the business earned $0.11 earnings per share. The business's revenue for the quarter was down 11.4% on a year-over-year basis. Equities research analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Stifel Nicolaus cut their target price on shares of Under Armour from $11.00 to $10.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. BMO Capital Markets cut their target price on shares of Under Armour from $12.00 to $9.00 and set an "outperform" rating on the stock in a report 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 stock a "neutral" rating in a report on Wednesday, May 14th. Citigroup dropped their price target on shares of Under Armour from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Finally, Barclays dropped their price target on shares of Under Armour from $8.00 to $6.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $7.33.

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.