International Assets Investment Management LLC Purchases Shares of 33,683 Under Armour, Inc. (NYSE:UAA)

International Assets Investment Management LLC acquired a new position in shares of Under Armour, Inc. (NYSE:UAA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 33,683 shares of the company’s stock, valued at approximately $296,000.

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Under Armour by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 18,196,402 shares of the company’s stock valued at $124,645,000 after buying an additional 1,269,037 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Under Armour by 65.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,943,745 shares of the company’s stock worth $27,015,000 after purchasing an additional 1,555,856 shares in the last quarter. Glenmede Trust Co. NA acquired a new position in Under Armour in the 3rd quarter valued at about $10,741,000. Schonfeld Strategic Advisors LLC lifted its holdings in Under Armour by 24.3% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,357,200 shares of the company’s stock valued at $9,297,000 after purchasing an additional 265,100 shares in the last quarter. Finally, Trexquant Investment LP boosted its stake in shares of Under Armour by 289.9% during the 3rd quarter. Trexquant Investment LP now owns 1,229,130 shares of the company’s stock worth $8,420,000 after purchasing an additional 913,876 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Stock Performance

Shares of NYSE:UAA opened at $6.80 on Friday. The firm has a market capitalization of $2.96 billion, a PE ratio of 7.55, a P/E/G ratio of 1.18 and a beta of 1.64. Under Armour, Inc. has a 12 month low of $6.29 and a 12 month high of $9.50. 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 business has a 50-day moving average of $7.54 and a two-hundred day moving average of $7.74.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UAA. Telsey Advisory Group reissued a “market perform” rating and issued a $9.00 price objective on shares of Under Armour in a research report on Thursday, March 14th. Williams Trading restated a “hold” rating and set a $8.00 price objective on shares of Under Armour in a report on Thursday, March 14th. Wells Fargo & Company dropped their target price on Under Armour from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday. Evercore ISI reiterated an “underperform” rating and set a $7.00 target price (down from $8.00) on shares of Under Armour in a research report on Thursday, March 14th. Finally, BNP Paribas restated a “neutral” rating on shares of Under Armour in a report on Thursday, March 14th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $8.55.

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.