Teacher Retirement System of Texas Purchases Shares of 37,812 Under Armour, Inc. (NYSE:UAA)

Teacher Retirement System of Texas acquired a new stake in Under Armour, Inc. (NYSE:UAA) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 37,812 shares of the company’s stock, valued at approximately $313,000.

Several other institutional investors and hedge funds have also recently modified their holdings of UAA. FMR LLC increased its stake in shares of Under Armour by 144,746.6% during the third quarter. FMR LLC now owns 9,659,823 shares of the company’s stock worth $86,069,000 after purchasing an additional 9,653,154 shares during the period. Quantinno Capital Management LP increased its position in Under Armour by 195.8% during the 3rd quarter. Quantinno Capital Management LP now owns 903,257 shares of the company’s stock worth $8,048,000 after buying an additional 597,943 shares during the period. Disciplined Growth Investors Inc. MN lifted its holdings in shares of Under Armour by 6.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock worth $51,149,000 after buying an additional 327,979 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Under Armour by 48.1% in the third quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock valued at $5,470,000 after acquiring an additional 199,348 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in shares of Under Armour in the third quarter valued at about $1,482,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on UAA shares. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research note on Friday, February 7th. KGI Securities initiated coverage on shares of Under Armour in a research report on Friday, March 7th. They issued a “neutral” rating and a $7.40 price target for the company. TD Cowen increased their price target on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Morgan Stanley reaffirmed an “underweight” rating and issued a $4.00 price objective on shares of Under Armour in a report on Friday, December 13th. Finally, StockNews.com upgraded Under Armour from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $9.06.

Under Armour Price Performance

Shares of NYSE:UAA opened at $6.37 on Wednesday. Under Armour, Inc. has a one year low of $6.10 and a one year high of $11.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. The company has a market cap of $2.74 billion, a price-to-earnings ratio of -21.95 and a beta of 1.63. The firm has a 50 day simple moving average of $7.26 and a 200 day simple moving average of $8.30.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates 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 earnings per share. Research analysts predict that Under Armour, Inc. will post 0.3 earnings per share 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.