Charles Schwab Investment Management Inc. Raises Holdings in Under Armour, Inc. (NYSE:UAA)

Charles Schwab Investment Management Inc. grew its holdings in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 5.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,147,411 shares of the company's stock after acquiring an additional 203,666 shares during the period. Charles Schwab Investment Management Inc. owned about 0.95% of Under Armour worth $36,456,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Under Armour by 7.5% during the 3rd 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 during the period. OPTIMAS CAPITAL Ltd acquired a new stake in Under Armour during the 4th quarter valued at approximately $3,158,000. Trexquant Investment LP raised its holdings in Under Armour by 289.9% during the 3rd quarter. Trexquant Investment LP now owns 1,229,130 shares of the company's stock worth $8,420,000 after purchasing an additional 913,876 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Under Armour by 79.8% in the 4th quarter. Pacer Advisors Inc. now owns 28,378 shares of the company's stock worth $249,000 after purchasing an additional 12,592 shares during the period. Finally, GSA Capital Partners LLP lifted its position in shares of Under Armour by 163.4% in the 3rd quarter. GSA Capital Partners LLP now owns 129,325 shares of the company's stock worth $886,000 after purchasing an additional 80,218 shares during the period. Institutional investors and hedge funds own 34.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on UAA shares. Truist Financial lowered their target price on shares of Under Armour from $8.00 to $7.00 and set a "hold" rating for the company in a research note on Friday. Evercore ISI dropped their price objective on Under Armour from $7.00 to $6.00 and set an "underperform" rating on the stock in a research note on Friday. Barclays decreased their target price on Under Armour from $9.00 to $6.00 and set an "equal weight" rating for the company in a research note on Monday. BMO Capital Markets cut their target price on shares of Under Armour from $12.00 to $10.00 and set an "outperform" rating on the stock in a research note on Friday. Finally, Bank of America reduced their price target on shares of Under Armour from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Friday. Two investment 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's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $7.32.

Under Armour Stock Up 2.2 %

UAA traded up $0.15 during midday trading on Tuesday, reaching $6.85. 9,928,060 shares of the company were exchanged, compared to its average volume of 7,372,108. Under Armour, Inc. has a one year low of $6.18 and a one year high of $9.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.46. The company's fifty day moving average price is $6.91 and its 200 day moving average price is $7.72. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 1.85 and a beta of 1.63.

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

Under Armour announced that its Board of Directors has approved a share buyback plan on Thursday, May 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase up to 16.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

About Under Armour

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.