Qsemble Capital Management LP Takes Position in Under Armour, Inc. (NYSE:UAA)

Qsemble Capital Management LP acquired a new stake in Under Armour, Inc. (NYSE:UAA) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 14,016 shares of the company’s stock, valued at approximately $93,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in shares of Under Armour by 10.3% during the 4th quarter. Victory Capital Management Inc. now owns 143,168 shares of the company’s stock worth $1,258,000 after purchasing an additional 13,405 shares during the last quarter. M&T Bank Corp purchased a new position in shares of Under Armour in the 4th quarter valued at about $91,000. Charles Schwab Investment Management Inc. lifted its stake in Under Armour by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,147,411 shares of the company’s stock worth $36,456,000 after purchasing an additional 203,666 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Under Armour by 39.3% during the fourth quarter. Teacher Retirement System of Texas now owns 27,524 shares of the company’s stock worth $242,000 after purchasing an additional 7,771 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Under Armour by 29.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,154,871 shares of the company’s stock worth $62,893,000 after buying an additional 1,636,634 shares during the period. 34.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on UAA. Oppenheimer downgraded Under Armour from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 23rd. Morgan Stanley lowered Under Armour from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $8.00 to $4.00 in a research note on Tuesday, July 23rd. Telsey Advisory Group reiterated a “market perform” rating and issued a $7.00 target price on shares of Under Armour in a research note on Monday, August 5th. Barclays upped their price target on Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Finally, Truist Financial increased their target price on Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.50.

Under Armour Stock Performance

Shares of Under Armour stock opened at $7.65 on Friday. Under Armour, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $9.50. The firm has a market cap of $3.31 billion, a P/E ratio of 14.17, a P/E/G ratio of 3.53 and a beta of 1.65. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08. The firm has a 50 day simple moving average of $7.36 and a 200 day simple moving average of $7.18.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. Under Armour’s revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.02 EPS. Sell-side analysts predict that Under Armour, Inc. will post 0.21 earnings per share for the current fiscal year.

Under Armour 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.