Raymond James Financial Services Advisors Inc. Sells 6,595 Shares of Under Armour, Inc. (NYSE:UAA)

Raymond James Financial Services Advisors Inc. lessened its stake in Under Armour, Inc. (NYSE:UAA) by 16.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,394 shares of the company’s stock after selling 6,595 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Under Armour were worth $302,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Signaturefd LLC increased its holdings in shares of Under Armour by 119.2% during the third quarter. Signaturefd LLC now owns 4,090 shares of the company’s stock worth $28,000 after buying an additional 2,224 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Under Armour during the third quarter worth approximately $115,000. Pathstone Family Office LLC acquired a new stake in shares of Under Armour during the third quarter worth approximately $131,000. Privium Fund Management B.V. increased its holdings in shares of Under Armour by 25.4% in the third quarter. Privium Fund Management B.V. now owns 22,200 shares of the company’s stock valued at $152,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Golden State Equity Partners increased its holdings in shares of Under Armour by 23.8% in the third quarter. Golden State Equity Partners now owns 24,995 shares of the company’s stock valued at $171,000 after purchasing an additional 4,810 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on UAA. BNP Paribas reissued a “neutral” rating on shares of Under Armour in a report on Thursday, March 14th. Evercore ISI reissued an “underperform” rating and issued a $7.00 price target (down previously from $8.00) on shares of Under Armour in a report on Thursday, March 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $9.00 price target on shares of Under Armour in a report on Thursday, March 14th. TheStreet raised shares of Under Armour from a “d+” rating to a “c-” rating in a report on Thursday, February 8th. Finally, Williams Trading reissued a “hold” rating and issued a $8.00 price target 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 given a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.65.

Under Armour Price Performance

UAA opened at $6.78 on Tuesday. The company has a fifty day moving average price of $7.65 and a two-hundred day moving average price of $7.75. The firm has a market capitalization of $2.95 billion, a PE ratio of 7.53, a P/E/G ratio of 1.15 and a beta of 1.65. Under Armour, Inc. has a 52 week low of $6.29 and a 52 week high of $9.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.38 and a current ratio of 2.13.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Under Armour had a net margin of 6.98% and a return on equity of 13.85%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. As a group, analysts anticipate that Under Armour, Inc. will post 0.52 earnings per share for the current year.

Under Armour 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.