Under Armour, Inc. (NYSE:UAA) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in shares of Under Armour, Inc. (NYSE:UAA) by 21.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,721 shares of the company’s stock after selling 31,656 shares during the quarter. Victory Capital Management Inc.’s holdings in Under Armour were worth $966,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new stake in Under Armour during the 4th quarter worth $25,000. Nomura Asset Management Co. Ltd. increased its stake in Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after purchasing an additional 1,800 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Under Armour in the fourth quarter valued at $27,000. SBI Securities Co. Ltd. acquired a new position in Under Armour in the fourth quarter valued at $40,000. Finally, Versant Capital Management Inc increased its stake in Under Armour by 63.2% in the fourth quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock valued at $83,000 after purchasing an additional 3,885 shares during the period. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on UAA. StockNews.com upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a research note on Thursday. Argus lowered shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Telsey Advisory Group restated a “market perform” rating and issued a $10.00 price objective on shares of Under Armour in a research note on Thursday, February 6th. Morgan Stanley restated an “underweight” rating and issued a $4.00 price objective on shares of Under Armour in a research note on Friday, December 13th. Finally, UBS Group dropped their price objective on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Under Armour currently has an average rating of “Hold” and an average target price of $9.06.

Under Armour Stock Down 1.9 %

UAA stock opened at $6.48 on Friday. The company has a market cap of $2.78 billion, a P/E ratio of -22.33 and a beta of 1.63. Under Armour, Inc. has a 52 week low of $6.17 and a 52 week high of $11.89. The company’s 50-day moving average price is $7.52 and its 200 day moving average price is $8.35. 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) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates 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 earned $0.19 EPS. On average, research analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Under Armour Company 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.