Aigen Investment Management LP Takes Position in Under Armour, Inc. (NYSE:UAA)

Aigen Investment Management LP acquired a new stake in Under Armour, Inc. (NYSE:UAA - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 216,301 shares of the company's stock, valued at approximately $1,901,000.

Several other institutional investors and hedge funds have also made changes to their positions in UAA. Vanguard Group Inc. boosted its holdings in Under Armour by 7.5% during the third quarter. Vanguard Group Inc. now owns 18,196,402 shares of the company's stock worth $124,645,000 after buying an additional 1,269,037 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Under Armour by 29.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,154,871 shares of the company's stock worth $62,893,000 after purchasing an additional 1,636,634 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Under Armour by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,147,411 shares of the company's stock worth $36,456,000 after purchasing an additional 203,666 shares during the period. Glenmede Trust Co. NA acquired a new position in Under Armour in the 3rd quarter worth approximately $10,741,000. Finally, Schonfeld Strategic Advisors LLC boosted its stake in Under Armour by 24.3% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,357,200 shares of the company's stock worth $9,297,000 after purchasing an additional 265,100 shares during the period. 34.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on UAA. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $8.00 price objective on shares of Under Armour in a research note on Thursday. Evercore ISI decreased their price objective on shares of Under Armour from $7.00 to $6.00 and set an "underperform" rating for the company in a research note on Friday. William Blair lowered shares of Under Armour from an "outperform" rating to a "market perform" rating in a research note on Thursday. BNP Paribas reaffirmed a "neutral" rating on shares of Under Armour in a research note on Thursday, March 14th. Finally, BMO Capital Markets cut their target price on shares of Under Armour from $12.00 to $10.00 and set an "outperform" rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Under Armour currently has an average rating of "Hold" and an average price target of $7.32.

Under Armour Stock Down 1.2 %

Shares of Under Armour stock traded down $0.08 during midday trading on Monday, reaching $6.70. 17,899,456 shares of the company's stock traded hands, compared to its average volume of 7,346,920. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 1.85 and a beta of 1.63. The company's 50 day simple moving average is $6.93 and its 200 day simple moving average is $7.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.46. Under Armour, Inc. has a 52 week low of $6.18 and a 52 week high of $9.50.

Under Armour (NYSE:UAA - Get Free Report) last released its quarterly earnings results on Thursday, May 16th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.04. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. Under Armour had a net margin of 4.19% and a return on equity of 11.95%. Under Armour's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS. Equities analysts expect that Under Armour, Inc. will post 0.37 earnings per share for the current fiscal year.

Under Armour Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.

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