Under Armour, Inc. (NYSE:UAA) Stock Holdings Lifted by Renaissance Technologies LLC

Renaissance Technologies LLC grew its holdings in Under Armour, Inc. (NYSE:UAA - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,837,800 shares of the company's stock after buying an additional 581,800 shares during the quarter. Renaissance Technologies LLC owned 1.12% of Under Armour worth $40,057,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Empowered Funds LLC acquired a new position in Under Armour in the fourth quarter valued at approximately $412,000. Teacher Retirement System of Texas acquired a new position in shares of Under Armour during the 4th quarter worth about $313,000. Fox Run Management L.L.C. boosted its holdings in shares of 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 valued at $568,000 after buying an additional 46,828 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Under Armour by 11.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company's stock worth $11,853,000 after purchasing an additional 150,958 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Under Armour by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company's stock valued at $128,741,000 after purchasing an additional 263,988 shares during the period. 34.58% of the stock is owned by institutional investors and hedge funds.

Under Armour Stock Down 1.6 %

Shares of UAA stock traded down $0.09 during trading hours on Wednesday, reaching $5.65. 2,495,556 shares of the stock were exchanged, compared to its average volume of 13,443,688. The firm has a market capitalization of $2.43 billion, a P/E ratio of -19.48 and a beta of 1.49. The business's fifty day moving average is $6.53 and its two-hundred day moving average is $8.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. Under Armour, Inc. has a 12-month low of $4.78 and a 12-month high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the company posted $0.19 EPS. As a group, research analysts expect that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Stifel Nicolaus cut their price target 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. KGI Securities initiated coverage on shares of Under Armour in a research report on Friday, March 7th. They set a "neutral" rating and a $7.40 price target on the stock. Argus downgraded shares of Under Armour from a "buy" rating to a "hold" rating in a research note on Thursday, January 16th. UBS Group cut their price target on Under Armour from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $10.00 price objective on shares of Under Armour in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Under Armour has an average rating of "Hold" and a consensus target price of $9.12.

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.