Woodline Partners LP Acquires 123,499 Shares of Under Armour, Inc. (NYSE:UAA)

Woodline Partners LP raised its stake in Under Armour, Inc. (NYSE:UAA - Free Report) by 50.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 369,655 shares of the company's stock after buying an additional 123,499 shares during the period. Woodline Partners LP owned about 0.09% of Under Armour worth $3,061,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Under Armour by 193.2% in the 4th quarter. FMR LLC now owns 28,317,951 shares of the company's stock valued at $234,473,000 after purchasing an additional 18,658,128 shares during the period. Alyeska Investment Group L.P. raised its stake in shares of 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 purchasing an additional 3,503,006 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new position in shares of Under Armour in the fourth quarter valued at approximately $28,249,000. American Century Companies Inc. grew its holdings in shares of Under Armour by 160.5% in the fourth quarter. American Century Companies Inc. now owns 4,013,671 shares of the company's stock valued at $33,233,000 after acquiring an additional 2,472,813 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Under Armour in the fourth quarter valued at approximately $11,151,000. Institutional investors own 34.58% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Truist Financial reduced their target price on Under Armour from $9.00 to $7.00 and set a "hold" rating for the company in a report on Wednesday, May 14th. Barclays reduced their target price on Under Armour from $8.00 to $6.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $7.00 target price on shares of Under Armour in a report on Tuesday, May 13th. Evercore ISI reduced their target price on Under Armour from $7.00 to $6.00 and set an "underperform" rating for the company in a report on Wednesday, May 14th. Finally, Wall Street Zen lowered Under Armour from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $7.33.

Under Armour Stock Performance

Shares of NYSE UAA traded up $0.03 during mid-day trading on Friday, hitting $6.75. The company had a trading volume of 2,825,158 shares, compared to its average volume of 12,659,317. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of -23.26 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. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The stock's 50-day moving average price is $6.00 and its 200-day moving average price is $7.46.

Under Armour (NYSE:UAA - Get Free Report) last announced its quarterly 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 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. On average, sell-side analysts forecast that Under Armour, Inc. will post 0.3 earnings per share for the current 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.