New York State Common Retirement Fund Has $967,000 Stake in Under Armour, Inc. (NYSE:UAA)

New York State Common Retirement Fund increased its position in shares of Under Armour, Inc. (NYSE:UAA) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,803 shares of the company’s stock after purchasing an additional 7,700 shares during the period. New York State Common Retirement Fund’s holdings in Under Armour were worth $967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Under Armour by 11.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock worth $123,000 after purchasing an additional 1,409 shares during the last quarter. MCF Advisors LLC lifted its holdings in Under Armour by 7.6% during the 4th quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock worth $167,000 after purchasing an additional 1,419 shares during the last quarter. Optas LLC lifted its holdings in Under Armour by 5.5% during the 4th quarter. Optas LLC now owns 28,519 shares of the company’s stock worth $236,000 after purchasing an additional 1,484 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Under Armour by 7.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock worth $203,000 after purchasing an additional 1,485 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in Under Armour by 163.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after purchasing an additional 1,800 shares during the last quarter. 34.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on UAA shares. TD Cowen lifted their price target on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Guggenheim reaffirmed a “neutral” rating on shares of Under Armour in a report on Friday, February 7th. Truist Financial lifted their price objective on Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a report on Friday, November 8th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $10.00 price objective on shares of Under Armour in a report on Thursday, February 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a report on Friday, February 7th. Three 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. Based on data from MarketBeat, Under Armour has a consensus rating of “Hold” and an average price target of $9.09.

Under Armour Trading Down 1.3 %

Shares of UAA opened at $6.72 on Tuesday. Under Armour, Inc. has a 52-week low of $6.17 and a 52-week high of $11.89. The business’s fifty day moving average is $7.91 and its 200-day moving average is $8.48. 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 firm has a market cap of $2.89 billion, a price-to-earnings ratio of -23.17 and a beta of 1.69.

Under Armour (NYSE:UAA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating 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 last year, the business posted $0.19 EPS. Equities analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Under Armour 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.