Under Armour, Inc. (NYSE:UAA) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in Under Armour, Inc. (NYSE:UAA) by 11.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,431,487 shares of the company’s stock after purchasing an additional 150,958 shares during the period. Bank of New York Mellon Corp owned approximately 0.33% of Under Armour worth $11,853,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in UAA. Empowered Funds LLC purchased a new position in Under Armour in the 4th quarter valued at approximately $412,000. Quantbot Technologies LP raised its stake in shares of Under Armour by 288.1% in the third quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock valued at $3,772,000 after acquiring an additional 314,226 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Under Armour by 48.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock valued at $5,470,000 after buying an additional 199,348 shares during the period. SG Americas Securities LLC grew its position in shares of Under Armour by 37.4% during the fourth quarter. SG Americas Securities LLC now owns 158,541 shares of the company’s stock worth $1,313,000 after buying an additional 43,158 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new stake in shares of Under Armour during the third quarter worth approximately $1,580,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UAA. Guggenheim reaffirmed a “neutral” rating on shares of Under Armour in a research report on Friday, February 7th. Telsey Advisory Group restated a “market perform” rating and set a $10.00 target price on shares of Under Armour in a research report on Thursday, February 6th. TD Cowen raised their price objective on shares of Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. KGI Securities assumed coverage on shares of Under Armour in a report on Friday, March 7th. They issued a “neutral” rating and a $7.40 target price for the company. Finally, UBS Group lowered their price target on Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8.99.

Under Armour Stock Down 2.4 %

Shares of NYSE UAA opened at $7.02 on Friday. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of -24.20 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 firm has a 50-day moving average price of $7.70 and a 200 day moving average price of $8.41. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating 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 business posted $0.19 earnings per share. Equities research analysts anticipate that Under Armour, Inc. will post 0.3 EPS 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.