Under Armour, Inc. (NYSE:UAA) Holdings Raised by Two Sigma Advisers LP

Two Sigma Advisers LP boosted its holdings in Under Armour, Inc. (NYSE:UAA - Free Report) by 64.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,058,300 shares of the company's stock after purchasing an additional 413,500 shares during the quarter. Two Sigma Advisers LP owned about 0.24% of Under Armour worth $8,763,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Optas LLC lifted its holdings in shares of Under Armour by 5.5% during the fourth quarter. Optas LLC now owns 28,519 shares of the company's stock worth $236,000 after purchasing an additional 1,484 shares during the period. Mariner LLC lifted its holdings in Under Armour by 10.0% in the fourth quarter. Mariner LLC now owns 17,006 shares of the company's stock valued at $141,000 after acquiring an additional 1,552 shares during the period. Amalgamated Bank lifted its holdings in Under Armour by 2.4% in the fourth quarter. Amalgamated Bank now owns 87,534 shares of the company's stock valued at $725,000 after acquiring an additional 2,014 shares during the period. Beacon Pointe Advisors LLC lifted its stake in shares of Under Armour by 10.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 21,470 shares of the company's stock valued at $178,000 after purchasing an additional 2,080 shares during the period. Finally, Swiss National Bank lifted its stake in shares of Under Armour by 0.8% in the fourth quarter. Swiss National Bank now owns 371,400 shares of the company's stock valued at $3,075,000 after purchasing an additional 2,800 shares during the period. 34.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on UAA shares. Citigroup reduced their price objective on shares of Under Armour from $8.00 to $6.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Truist Financial cut their price target on Under Armour from $9.00 to $7.00 and set a "hold" rating for the company in a research note on Wednesday, May 14th. Guggenheim reiterated a "neutral" rating on shares of Under Armour in a research note on Friday, February 7th. BMO Capital Markets dropped their price objective on shares of Under Armour from $12.00 to $9.00 and set an "outperform" rating for the company in a research note on Wednesday, May 14th. Finally, Wells Fargo & Company upped their price target on shares of Under Armour from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Three investment 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $7.33.

Under Armour Stock Performance

Shares of UAA traded down $0.25 during midday trading on Thursday, hitting $6.73. 4,124,184 shares of the stock traded hands, compared to its average volume of 12,670,500. 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 business's 50 day moving average price is $6.00 and its two-hundred day moving average price is $7.48. The firm has a market capitalization of $2.89 billion, a PE ratio of -23.19 and a beta of 1.54. Under Armour, Inc. has a 1-year low of $4.78 and a 1-year high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. The business's revenue for the quarter was down 11.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 EPS. Equities research analysts predict that Under Armour, Inc. will post 0.3 EPS 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.