Proficio Capital Partners LLC Takes Position in Under Armour, Inc. (NYSE:UAA)

Proficio Capital Partners LLC acquired a new stake in shares of Under Armour, Inc. (NYSE:UAA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 58,680 shares of the company’s stock, valued at approximately $486,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. boosted its position in shares of Under Armour by 163.6% in the third 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 period. Compagnie Lombard Odier SCmA purchased a new position in shares of Under Armour during the 4th quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Under Armour in the 4th quarter worth $27,000. SBI Securities Co. Ltd. purchased a new stake in Under Armour in the 4th quarter worth $40,000. Finally, Versant Capital Management Inc raised its holdings in Under Armour by 63.2% during the fourth quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock valued at $83,000 after acquiring an additional 3,885 shares during the period. 34.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UAA has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed an “underweight” rating and issued a $4.00 price objective on shares of Under Armour in a research note on Friday, December 13th. Barclays dropped their price target on Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research report on Friday, February 7th. StockNews.com raised shares of Under Armour from a “sell” rating to a “hold” rating in a report on Thursday, March 20th. Finally, KGI Securities started coverage on shares of Under Armour in a research note on Friday, March 7th. They set a “neutral” rating and a $7.40 target price for the company. 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, the stock currently has an average rating of “Hold” and an average price target of $9.06.

Under Armour Trading Up 2.9 %

Shares of NYSE UAA opened at $6.60 on Tuesday. The stock has a market capitalization of $2.84 billion, a P/E ratio of -22.77 and a beta of 1.63. Under Armour, Inc. has a 1-year low of $6.17 and a 1-year high of $11.89. The business’s 50 day moving average is $7.45 and its two-hundred day moving average is $8.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share 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 quarter last year, the firm posted $0.19 EPS. As a group, research analysts expect that Under Armour, Inc. will post 0.3 EPS for the current 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.