LPL Financial LLC Sells 50,154 Shares of Under Armour, Inc. (NYSE:UAA)

LPL Financial LLC lowered its position in Under Armour, Inc. (NYSE:UAA - Free Report) by 36.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 86,976 shares of the company's stock after selling 50,154 shares during the period. LPL Financial LLC's holdings in Under Armour were worth $720,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Fox Run Management L.L.C. boosted its holdings in Under Armour by 215.1% in the 4th quarter. Fox Run Management L.L.C. now owns 68,596 shares of the company's stock worth $568,000 after buying an additional 46,828 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Under Armour during the 4th quarter valued at about $344,000. American Century Companies Inc. boosted its holdings in shares of Under Armour by 160.5% during the 4th quarter. American Century Companies Inc. now owns 4,013,671 shares of the company's stock valued at $33,233,000 after purchasing an additional 2,472,813 shares during the last quarter. Virtu Financial LLC boosted its holdings in shares of Under Armour by 22.4% during the 4th quarter. Virtu Financial LLC now owns 38,673 shares of the company's stock valued at $320,000 after purchasing an additional 7,076 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Under Armour during the 4th quarter valued at about $313,000. Institutional investors own 34.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Stifel Nicolaus dropped their price objective on shares of Under Armour from $13.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Telsey Advisory Group reissued a "market perform" rating and set a $10.00 price objective on shares of Under Armour in a report on Thursday, February 6th. Guggenheim reissued a "neutral" rating on shares of Under Armour in a report on Friday, February 7th. Argus downgraded shares of Under Armour from a "buy" rating to a "hold" rating in a report on Thursday, January 16th. Finally, Evercore ISI decreased their target price on shares of Under Armour from $8.00 to $7.00 and set an "underperform" rating on the stock in a research report on Monday, February 10th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $9.06.

Under Armour Trading Up 1.4 %

Under Armour stock traded up $0.08 during midday trading on Monday, reaching $5.79. The stock had a trading volume of 11,886,038 shares, compared to its average volume of 12,175,747. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of -19.97 and a beta of 1.49. The company has a fifty day moving average of $6.28 and a 200 day moving average of $7.89. Under Armour, Inc. has a 52-week low of $4.78 and a 52-week high of $11.89. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.08 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 quarter last year, the firm earned $0.19 EPS. On average, 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.