Fmr LLC Buys 18,658,128 Shares of Under Armour, Inc. (NYSE:UAA)

FMR LLC boosted its stake in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 193.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,317,951 shares of the company's stock after buying an additional 18,658,128 shares during the quarter. FMR LLC owned 6.55% of Under Armour worth $234,473,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. raised its holdings in Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company's stock worth $26,000 after purchasing an additional 1,800 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of Under Armour during the 4th quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Under Armour in the 4th quarter worth about $27,000. SBI Securities Co. Ltd. acquired a new stake in Under Armour in the 4th quarter valued at about $40,000. Finally, Harbour Investments Inc. increased its holdings in Under Armour by 438.2% during the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock valued at $51,000 after acquiring an additional 5,000 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Price Performance

Shares of NYSE:UAA traded up $0.06 during trading hours on Thursday, hitting $5.62. 6,051,165 shares of the company's stock traded hands, compared to its average volume of 11,882,940. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. Under Armour, Inc. has a 52 week low of $4.78 and a 52 week high of $11.89. The company has a market cap of $2.42 billion, a price-to-earnings ratio of -19.38 and a beta of 1.49. The company's fifty day simple moving average is $6.50 and its two-hundred day simple moving average is $8.05.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period last year, the business earned $0.19 earnings per share. As a group, equities analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Analyst Ratings Changes

UAA has been the subject of a number of analyst reports. Argus cut Under Armour from a "buy" rating to a "hold" rating in a report on Thursday, January 16th. Evercore ISI reduced their target price on shares of Under Armour from $8.00 to $7.00 and set an "underperform" rating on the stock in a report on Monday, February 10th. StockNews.com upgraded shares of Under Armour from a "sell" rating to a "hold" rating in a report on Thursday, March 20th. Barclays cut their price objective on shares of Under Armour from $11.00 to $8.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. Finally, UBS Group lowered their price target on Under Armour from $16.00 to $15.00 and set a "buy" rating for the company in a report on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $9.12.

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.