Assenagon Asset Management S.A. Trims Stock Holdings in Under Armour, Inc. (NYSE:UAA)

Assenagon Asset Management S.A. lowered its position in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 81.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 56,729 shares of the company's stock after selling 253,330 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Under Armour were worth $419,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Keener Financial Planning LLC purchased a new stake in Under Armour in the fourth quarter valued at approximately $26,000. Hexagon Capital Partners LLC boosted its holdings in shares of Under Armour by 101.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company's stock valued at $28,000 after acquiring an additional 1,890 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Under Armour by 119.2% in the 3rd quarter. Signaturefd LLC now owns 4,090 shares of the company's stock valued at $28,000 after acquiring an additional 2,224 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of Under Armour by 43.3% in the fourth quarter. Global Retirement Partners LLC now owns 6,769 shares of the company's stock worth $59,000 after acquiring an additional 2,044 shares during the period. Finally, M&T Bank Corp purchased a new position in shares of Under Armour during the fourth quarter worth $91,000. Hedge funds and other institutional investors own 34.58% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on UAA shares. William Blair downgraded Under Armour from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 16th. BMO Capital Markets reduced their price target on Under Armour from $12.00 to $10.00 and set an "outperform" rating for the company in a research report on Friday, May 17th. Citigroup lowered their price objective on Under Armour from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 7th. Barclays cut their target price on shares of Under Armour from $9.00 to $6.00 and set an "equal weight" rating for the company in a report on Monday. Finally, TheStreet raised shares of Under Armour from a "d+" rating to a "c-" rating in a report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $7.32.

Under Armour Price Performance

NYSE:UAA traded up $0.10 during trading hours on Wednesday, hitting $6.95. 12,716,341 shares of the stock were exchanged, compared to its average volume of 7,427,407. The company has a market cap of $3.03 billion, a P/E ratio of 12.87, a P/E/G ratio of 2.91 and a beta of 1.63. The firm's fifty day moving average price is $6.88 and its 200 day moving average price is $7.71. Under Armour, Inc. has a 52-week low of $6.18 and a 52-week high of $9.50. The company has a current ratio of 2.46, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28.

Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings results on Thursday, May 16th. The company reported $0.11 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 firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same period in the previous year, the business earned $0.18 earnings per share. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that Under Armour, Inc. will post 0.23 EPS for the current fiscal year.

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

Under Armour Company 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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