Louisiana State Employees Retirement System Makes New Investment in Under Armour, Inc. (NYSE:UAA)

Louisiana State Employees Retirement System acquired a new stake in Under Armour, Inc. (NYSE:UAA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 53,000 shares of the company’s stock, valued at approximately $466,000.

A number of other institutional investors have also modified their holdings of UAA. Vanguard Group Inc. lifted 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 buying an additional 1,269,037 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 valued at $27,015,000 after acquiring an additional 1,555,856 shares in the last quarter. Glenmede Trust Co. NA purchased a new stake in Under Armour during the 3rd quarter worth $10,741,000. Schonfeld Strategic Advisors LLC boosted its position in shares of Under Armour by 24.3% in the third quarter. Schonfeld Strategic Advisors LLC now owns 1,357,200 shares of the company’s stock worth $9,297,000 after buying an additional 265,100 shares during the period. Finally, Trexquant Investment LP lifted its position in 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 acquiring an additional 913,876 shares in the last quarter. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Stock Performance

Shares of UAA stock opened at $6.83 on Tuesday. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 1.17 and a beta of 1.65. The company’s 50-day simple moving average is $7.49 and its 200-day simple moving average is $7.76. 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 one year low of $6.29 and a one year high of $9.50.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $9.00 price objective on shares of Under Armour in a research note on Thursday, March 14th. BNP Paribas reaffirmed a “neutral” rating on shares of Under Armour in a research note on Thursday, March 14th. Williams Trading reissued a “hold” rating and issued a $8.00 price objective on shares of Under Armour in a research 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 on the stock in a research report on Thursday, April 25th. Finally, TheStreet upgraded Under Armour from a “d+” rating to a “c-” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, Under Armour presently has an average rating of “Hold” and a consensus target price of $8.55.

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.