Voya Investment Management LLC lowered its stake in Under Armour, Inc. (NYSE:UAA - Free Report) by 15.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,195,875 shares of the company's stock after selling 214,694 shares during the period. Voya Investment Management LLC owned approximately 0.28% of Under Armour worth $9,902,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in UAA. Empowered Funds LLC bought a new position in shares of Under Armour during the 4th quarter valued at approximately $412,000. Teacher Retirement System of Texas bought a new position in Under Armour during the fourth quarter valued at $313,000. Fox Run Management L.L.C. increased its position in Under Armour by 215.1% during the fourth quarter. Fox Run Management L.L.C. now owns 68,596 shares of the company's stock valued at $568,000 after acquiring an additional 46,828 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Under Armour by 11.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company's stock valued at $11,853,000 after acquiring an additional 150,958 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Under Armour by 36.5% in the 4th quarter. JPMorgan Chase & Co. now owns 554,525 shares of the company's stock worth $4,591,000 after acquiring an additional 148,280 shares during the last quarter. 34.58% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Under Armour from $7.00 to $4.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Citigroup decreased their price target on Under Armour from $8.00 to $6.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. KGI Securities started coverage on Under Armour in a report on Friday, March 7th. They set a "neutral" rating and a $7.40 price objective for the company. Evercore ISI reduced their target price on Under Armour from $8.00 to $7.00 and set an "underperform" rating on the stock in a research note on Monday, February 10th. Finally, Stifel Nicolaus lowered their target price on shares of Under Armour from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $8.18.
Check Out Our Latest Research Report on Under Armour
Under Armour Price Performance
UAA traded up $0.20 during midday trading on Friday, hitting $6.00. 8,783,416 shares of the company traded hands, compared to its average volume of 12,318,168. The business has a 50 day simple moving average of $6.17 and a two-hundred day simple moving average of $7.79. Under Armour, Inc. has a 52-week low of $4.78 and a 52-week high of $11.89. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of -20.69 and a beta of 1.54. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30.
Under Armour (NYSE:UAA - Get Free Report) last posted 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 positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period in the previous year, the business posted $0.19 EPS. On average, equities analysts forecast that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.
Under Armour Company Profile
(
Free Report)
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.
See Also
Before you consider Under Armour, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Under Armour wasn't on the list.
While Under Armour currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
