Under Armour, Inc. (NYSE:UAA) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 279.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,727,901 shares of the company's stock after buying an additional 1,273,129 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.40% of Under Armour worth $14,307,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UAA. KBC Group NV increased its position in Under Armour by 27.5% during the fourth quarter. KBC Group NV now owns 13,588 shares of the company's stock valued at $113,000 after acquiring an additional 2,929 shares during the last quarter. Caprock Group LLC grew its holdings in Under Armour by 29.1% during the 4th quarter. Caprock Group LLC now owns 15,295 shares of the company's stock valued at $127,000 after purchasing an additional 3,448 shares during the last quarter. Optas LLC grew its holdings in Under Armour by 5.5% during the 4th quarter. Optas LLC now owns 28,519 shares of the company's stock valued at $236,000 after purchasing an additional 1,484 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Under Armour in the fourth quarter worth about $27,000. Finally, Bleakley Financial Group LLC lifted its stake in Under Armour by 20.0% in the fourth quarter. Bleakley Financial Group LLC now owns 51,852 shares of the company's stock worth $429,000 after purchasing an additional 8,627 shares during the last quarter. Institutional investors own 34.58% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on UAA shares. Telsey Advisory Group reaffirmed a "market perform" rating and set a $7.00 target price on shares of Under Armour in a research note on Tuesday, May 13th. Evercore ISI dropped their price objective on Under Armour from $7.00 to $6.00 and set an "underperform" rating for the company in a report on Wednesday, May 14th. Guggenheim reaffirmed a "neutral" rating on shares of Under Armour in a research report on Friday, February 7th. UBS Group increased their target price on Under Armour from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company boosted their target price on shares of Under Armour from $4.00 to $5.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Three 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. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $7.33.

Under Armour Stock Up 0.7%

UAA stock traded up $0.04 during trading on Tuesday, reaching $6.55. 8,938,366 shares of the company traded hands, compared to its average volume of 12,684,115. The business has a 50 day simple moving average of $6.01 and a 200 day simple moving average of $7.38. Under Armour, Inc. has a 12 month low of $4.78 and a 12 month 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 company has a market capitalization of $2.82 billion, a price-to-earnings ratio of -22.60 and a beta of 1.54.

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

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.