Mutual of America Capital Management LLC Lowers Stock Holdings in Under Armour, Inc. (NYSE:UAA)

Mutual of America Capital Management LLC decreased its position in shares of Under Armour, Inc. (NYSE:UAA) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,706 shares of the company’s stock after selling 6,010 shares during the period. Mutual of America Capital Management LLC’s holdings in Under Armour were worth $1,026,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in Under Armour by 65.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,943,745 shares of the company’s stock valued at $27,015,000 after purchasing an additional 1,555,856 shares in the last quarter. Vanguard Group Inc. raised its position in Under Armour by 7.5% during the third quarter. Vanguard Group Inc. now owns 18,196,402 shares of the company’s stock valued at $124,645,000 after purchasing an additional 1,269,037 shares in the last quarter. OPTIMAS CAPITAL Ltd purchased a new stake in Under Armour during the fourth quarter valued at about $3,158,000. Trexquant Investment LP raised its position in Under Armour by 289.9% during the third quarter. Trexquant Investment LP now owns 1,229,130 shares of the company’s stock valued at $8,420,000 after purchasing an additional 913,876 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of Under Armour by 79.8% in the fourth quarter. Pacer Advisors Inc. now owns 28,378 shares of the company’s stock worth $249,000 after buying an additional 12,592 shares during the period. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Stock Up 0.7 %

NYSE UAA opened at $6.78 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.13 and a quick ratio of 1.38. The stock has a market capitalization of $2.95 billion, a PE ratio of 7.53, a PEG ratio of 1.15 and a beta of 1.65. Under Armour, Inc. has a 1 year low of $6.29 and a 1 year high of $9.50. The business’s 50-day moving average is $7.65 and its 200 day moving average is $7.75.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.08. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Under Armour had a return on equity of 13.85% and a net margin of 6.98%. The business’s revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS. Sell-side analysts forecast that Under Armour, Inc. will post 0.52 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $9.00 price objective on shares of Under Armour in a report on Thursday, March 14th. TheStreet upgraded Under Armour from a “d+” rating to a “c-” rating in a report on Thursday, February 8th. Evercore ISI reiterated an “underperform” rating and issued a $7.00 price objective (down previously from $8.00) on shares of Under Armour in a report on Thursday, March 14th. BNP Paribas reiterated a “neutral” rating on shares of Under Armour in a report on Thursday, March 14th. Finally, Williams Trading reiterated a “hold” rating and issued a $8.00 price objective on shares of Under Armour in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $8.65.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.