Russell Investments Group Ltd. Sells 115,678 Shares of Under Armour, Inc. (NYSE:UAA)

Russell Investments Group Ltd. lowered its holdings in Under Armour, Inc. (NYSE:UAA - Free Report) by 52.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 104,168 shares of the company's stock after selling 115,678 shares during the quarter. Russell Investments Group Ltd.'s holdings in Under Armour were worth $863,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of UAA. Stifel Financial Corp grew its stake in shares of Under Armour by 85.6% during the 3rd quarter. Stifel Financial Corp now owns 66,671 shares of the company's stock worth $594,000 after purchasing an additional 30,755 shares during the period. Sanctuary Advisors LLC purchased a new stake in Under Armour during the 3rd quarter valued at about $191,000. Versant Capital Management Inc lifted its stake in Under Armour by 63.2% in the 4th quarter. Versant Capital Management Inc now owns 10,037 shares of the company's stock worth $83,000 after purchasing an additional 3,885 shares in the last quarter. Everence Capital Management Inc. acquired a new position in Under Armour during the fourth quarter worth $225,000. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Under Armour by 40.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 66,001 shares of the company's stock valued at $546,000 after purchasing an additional 18,906 shares during the period. Hedge funds and other institutional investors own 34.58% of the company's stock.

Under Armour Stock Performance

Shares of NYSE:UAA traded down $0.09 during midday trading on Friday, hitting $5.71. The company's stock had a trading volume of 14,029,406 shares, compared to its average volume of 12,138,989. Under Armour, Inc. has a fifty-two week low of $4.78 and a fifty-two week high of $11.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of -19.69 and a beta of 1.49. The stock's 50 day simple moving average is $6.30 and its 200 day simple moving average is $7.91.

Under Armour (NYSE:UAA - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating 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 period last year, the business earned $0.19 earnings per share. As a group, research analysts anticipate that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UAA. KGI Securities began 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. Guggenheim reaffirmed a "neutral" rating on shares of Under Armour in a research report on Friday, February 7th. Stifel Nicolaus dropped their target price on Under Armour from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $10.00 price target on shares of Under Armour in a report on Thursday, February 6th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Under Armour in a research report on Friday, February 7th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Under Armour presently has a consensus rating of "Hold" and an average price target 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.