Raymond James & Associates Increases Position in Under Armour, Inc. (NYSE:UAA)

Raymond James & Associates raised its holdings in shares of Under Armour, Inc. (NYSE:UAA) by 6.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 38,387 shares of the company’s stock after purchasing an additional 2,281 shares during the period. Raymond James & Associates’ holdings in Under Armour were worth $337,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its holdings in Under Armour by 9.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 25,345 shares of the company’s stock valued at $174,000 after acquiring an additional 2,138 shares in the last quarter. Signaturefd LLC increased its holdings in Under Armour by 119.2% during the 3rd quarter. Signaturefd LLC now owns 4,090 shares of the company’s stock valued at $28,000 after acquiring an additional 2,224 shares in the last quarter. Xponance Inc. increased its holdings in Under Armour by 15.0% during the 3rd quarter. Xponance Inc. now owns 26,456 shares of the company’s stock valued at $181,000 after acquiring an additional 3,457 shares in the last quarter. Swiss National Bank increased its holdings in Under Armour by 1.0% during the 3rd quarter. Swiss National Bank now owns 414,900 shares of the company’s stock valued at $2,842,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Under Armour by 5.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 88,113 shares of the company’s stock valued at $604,000 after acquiring an additional 4,418 shares in the last quarter. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UAA has been the subject of several recent research reports. Williams Trading restated a “hold” rating and set a $8.00 target price on shares of Under Armour in a report on Thursday, March 14th. Evercore ISI reiterated an “underperform” rating and set a $7.00 price target (down from $8.00) on shares of Under Armour in a report on Thursday, March 14th. TheStreet upgraded shares of Under Armour from a “d+” rating to a “c-” rating in a report on Thursday, February 8th. Telsey Advisory Group reiterated a “market perform” rating and set a $9.00 price target on shares of Under Armour in a report on Thursday, March 14th. Finally, Wells Fargo & Company lowered their price target on shares of Under Armour from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.55.

Under Armour Price Performance

UAA opened at $6.80 on Monday. The company’s 50 day simple moving average is $7.51 and its 200 day simple moving average is $7.75. 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, Inc. has a 1 year low of $6.29 and a 1 year high of $9.50. The stock has a market capitalization of $2.96 billion, a PE ratio of 7.56, a P/E/G ratio of 1.17 and a beta of 1.64.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, February 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping 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 net margin of 6.98% and a return on equity of 13.85%. The company’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. As a group, sell-side analysts expect that Under Armour, Inc. will post 0.52 EPS for the current year.

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.