Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in Under Armour, Inc. (NYSE:UAA)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Under Armour, Inc. (NYSE:UAA) by 28.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,003 shares of the company’s stock after purchasing an additional 24,197 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Under Armour were worth $967,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System purchased a new position in shares of Under Armour during the fourth quarter valued at about $466,000. Keener Financial Planning LLC purchased a new position in Under Armour in the fourth quarter worth about $26,000. Sequoia Financial Advisors LLC purchased a new position in Under Armour in the fourth quarter worth about $155,000. International Assets Investment Management LLC purchased a new position in Under Armour in the fourth quarter worth about $296,000. Finally, OPTIMAS CAPITAL Ltd purchased a new position in Under Armour in the fourth quarter worth about $3,158,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Stock Performance

Under Armour stock opened at $6.80 on Monday. The company has a 50 day moving average price of $7.51 and a 200-day moving average price of $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 fifty-two week low of $6.29 and a fifty-two week high of $9.50. The company 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 posted its quarterly earnings results 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. 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 during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company’s revenue was down 6.1% on a year-over-year basis. As a group, equities analysts forecast that Under Armour, Inc. will post 0.52 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on UAA. Wells Fargo & Company dropped their price target on Under Armour from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday. Telsey Advisory Group reiterated a “market perform” rating and issued a $9.00 price target on shares of Under Armour in a research report on Thursday, March 14th. TheStreet upgraded Under Armour from a “d+” rating to a “c-” rating in a research report on Thursday, February 8th. Williams Trading reissued a “hold” rating and issued a $8.00 price objective on shares of Under Armour in a research note on Thursday, March 14th. Finally, Evercore ISI reissued an “underperform” rating and issued a $7.00 price objective (down previously from $8.00) on shares of Under Armour in a research note 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 data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.55.

About Under Armour

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.