KLP Kapitalforvaltning AS Makes New Investment in Under Armour, Inc. (NYSE:UAA)

KLP Kapitalforvaltning AS bought a new position in shares of Under Armour, Inc. (NYSE:UAA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 41,600 shares of the company’s stock, valued at approximately $344,000.

Several other large investors also recently bought and sold shares of UAA. American Century Companies Inc. boosted its position in shares of Under Armour by 160.5% in the fourth quarter. American Century Companies Inc. now owns 4,013,671 shares of the company’s stock worth $33,233,000 after acquiring an additional 2,472,813 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its holdings in Under Armour by 6.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock worth $51,149,000 after purchasing an additional 327,979 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of Under Armour during the 3rd quarter valued at approximately $1,482,000. Bank of New York Mellon Corp grew its position in shares of Under Armour by 11.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company’s stock worth $11,853,000 after buying an additional 150,958 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Under Armour by 74.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 235,275 shares of the company’s stock worth $1,948,000 after acquiring an additional 100,554 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Stock Performance

Shares of UAA opened at $5.24 on Friday. The stock has a market capitalization of $2.25 billion, a P/E ratio of -18.05 and a beta of 1.49. Under Armour, Inc. has a 12-month low of $4.84 and a 12-month 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 firm’s 50 day moving average is $7.05 and its 200-day moving average is $8.24.

Under Armour (NYSE:UAA) last announced its quarterly earnings data 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 quarter in the prior year, the firm posted $0.19 earnings per share. Equities research analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on UAA. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a report on Friday, February 7th. TD Cowen lifted their target price on Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, December 13th. StockNews.com upgraded Under Armour from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th. UBS Group lowered their price target on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $10.00 target price on shares of Under Armour in a research note on Thursday, February 6th. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.06.

About Under Armour

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.