Oberweis Asset Management Inc. Acquires Shares of 1,153,200 Under Armour, Inc. (NYSE:UAA)

Oberweis Asset Management Inc. acquired a new stake in Under Armour, Inc. (NYSE:UAA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,153,200 shares of the company's stock, valued at approximately $9,548,000. Oberweis Asset Management Inc. owned 0.27% of Under Armour at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new position in Under Armour during the fourth quarter worth about $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Under Armour in the 4th quarter worth approximately $27,000. SBI Securities Co. Ltd. purchased a new position in Under Armour in the 4th quarter worth approximately $40,000. Harbour Investments Inc. increased its holdings in shares of Under Armour by 438.2% in the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock worth $51,000 after buying an additional 5,000 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Under Armour by 63.2% during the 4th quarter. Versant Capital Management Inc now owns 10,037 shares of the company's stock valued at $83,000 after buying an additional 3,885 shares in the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Trading Up 0.8 %

Shares of UAA traded up $0.05 during trading hours on Tuesday, reaching $5.84. 8,767,672 shares of the company traded hands, compared to its average volume of 12,163,113. Under Armour, Inc. has a 12 month low of $4.78 and a 12 month high of $11.89. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of -20.12 and a beta of 1.49. The company's fifty day moving average price is $6.28 and its two-hundred day moving average price is $7.89. 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 posted its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same quarter in the prior year, the business posted $0.19 EPS. Equities research analysts predict that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UAA has been the topic of a number of research analyst reports. StockNews.com raised Under Armour from a "sell" rating to a "hold" rating in a research note on Thursday, March 20th. Guggenheim reissued a "neutral" rating on shares of Under Armour in a report on Friday, February 7th. KGI Securities initiated coverage on Under Armour in a research report on Friday, March 7th. They issued a "neutral" rating and a $7.40 target price for the company. Citigroup reduced their price target on shares of Under Armour from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, Argus lowered shares of Under Armour from a "buy" rating to a "hold" rating in a report on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Under Armour has an average rating of "Hold" and a consensus target price of $9.06.

Under Armour Company Profile

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.