International Assets Investment Management LLC Buys 68,786 Shares of Under Armour, Inc. (NYSE:UAA)

International Assets Investment Management LLC increased its stake in Under Armour, Inc. (NYSE:UAA) by 2,413.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,636 shares of the company’s stock after purchasing an additional 68,786 shares during the period. International Assets Investment Management LLC’s holdings in Under Armour were worth $638,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of UAA. Jupiter Asset Management Ltd. bought a new position in shares of Under Armour in the first quarter worth $8,944,000. Dimensional Fund Advisors LP increased its position in shares of Under Armour by 12.7% in the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock worth $62,376,000 after purchasing an additional 1,051,143 shares during the period. Janus Henderson Group PLC increased its position in shares of Under Armour by 27.2% in the first quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock worth $28,712,000 after purchasing an additional 831,202 shares during the period. Lumbard & Kellner LLC bought a new position in shares of Under Armour in the first quarter worth $3,394,000. Finally, Quadrature Capital Ltd bought a new position in shares of Under Armour in the first quarter worth $1,471,000. Institutional investors own 34.58% of the company’s stock.

Under Armour Price Performance

Under Armour stock opened at $8.87 on Wednesday. The stock’s 50 day moving average is $8.35 and its 200 day moving average is $7.47. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08. The firm has a market cap of $3.83 billion, a P/E ratio of -49.25, a P/E/G ratio of 4.14 and a beta of 1.66. Under Armour, Inc. has a one year low of $6.17 and a one year high of $9.58.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.14 billion. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The firm’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 earnings per share. As a group, research analysts expect that Under Armour, Inc. will post 0.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group raised their price objective on Under Armour from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $8.00 price objective on shares of Under Armour in a research note on Monday. Argus raised Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. Wedbush raised their price objective on Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, BMO Capital Markets raised their price objective on Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7.94.

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.