Charles Schwab Investment Management Inc. Has $39.87 Million Stake in Under Armour, Inc. (NYSE:UAA)

Charles Schwab Investment Management Inc. grew its stake in Under Armour, Inc. (NYSE:UAA) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,815,640 shares of the company’s stock after purchasing an additional 84,802 shares during the period. Charles Schwab Investment Management Inc. owned about 1.11% of Under Armour worth $39,873,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. FMR LLC boosted its position in Under Armour by 144,746.6% in the third quarter. FMR LLC now owns 9,659,823 shares of the company’s stock valued at $86,069,000 after buying an additional 9,653,154 shares in the last quarter. Pacer Advisors Inc. grew its position in Under Armour by 33,725.1% during the 3rd quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock worth $85,526,000 after acquiring an additional 9,570,512 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Under Armour by 195.8% in the 3rd quarter. Quantinno Capital Management LP now owns 903,257 shares of the company’s stock worth $8,048,000 after purchasing an additional 597,943 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its position in Under Armour by 6.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock valued at $51,149,000 after purchasing an additional 327,979 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of Under Armour by 288.1% during the third quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock valued at $3,772,000 after purchasing an additional 314,226 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Trading Down 4.6 %

UAA opened at $6.73 on Friday. The company has a fifty day moving average price of $7.64 and a two-hundred day moving average price of $8.38. Under Armour, Inc. has a 1-year low of $6.17 and a 1-year high of $11.89. The company has a market cap of $2.89 billion, a P/E ratio of -23.19 and a beta of 1.63. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA) last issued its 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 last year, the business posted $0.19 earnings per share. Analysts predict that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on UAA shares. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a report on Friday, February 7th. TD Cowen lifted their price target on shares of Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Guggenheim reissued a “neutral” rating on shares of Under Armour in a research note on Friday, February 7th. KGI Securities initiated coverage on Under Armour in a research report on Friday, March 7th. They set a “neutral” rating and a $7.40 target price for the company. Finally, Argus lowered Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Under Armour presently has an average rating of “Hold” and a consensus target price 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.