Under Armour, Inc. (NYSE:UAA) Holdings Trimmed by Federated Hermes Inc.

Federated Hermes Inc. reduced its position in shares of Under Armour, Inc. (NYSE:UAA) by 12.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 164,509 shares of the company’s stock after selling 24,065 shares during the period. Federated Hermes Inc.’s holdings in Under Armour were worth $1,446,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Global Retirement Partners LLC grew its holdings in shares of Under Armour by 43.3% during the fourth quarter. Global Retirement Partners LLC now owns 6,769 shares of the company’s stock valued at $59,000 after buying an additional 2,044 shares in the last quarter. PNC Financial Services Group Inc. grew its stake 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 shares of Under Armour by 119.2% in the 3rd quarter. Signaturefd LLC now owns 4,090 shares of the company’s stock valued at $28,000 after purchasing an additional 2,224 shares during the period. Raymond James & Associates lifted its position in shares of Under Armour by 6.3% in the fourth quarter. Raymond James & Associates now owns 38,387 shares of the company’s stock worth $337,000 after purchasing an additional 2,281 shares in the last quarter. Finally, Keener Financial Planning LLC acquired a new stake in shares of Under Armour during the fourth quarter worth approximately $26,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $9.00 target price on shares of Under Armour in a research report on Thursday, March 14th. Evercore ISI reiterated an “underperform” rating and set a $7.00 price objective (down from $8.00) on shares of Under Armour in a report on Thursday, March 14th. TheStreet upgraded Under Armour from a “d+” rating to a “c-” rating in a research note on Thursday, February 8th. BNP Paribas reaffirmed a “neutral” rating on shares of Under Armour in a research note on Thursday, March 14th. Finally, Williams Trading reiterated a “hold” rating and set a $8.00 price target 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 assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.55.

Under Armour Stock Performance

Shares of NYSE UAA opened at $6.83 on Tuesday. The business’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 52 week low of $6.29 and a 52 week high of $9.50. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 7.59, a P/E/G ratio of 1.17 and a beta of 1.65.

Under Armour (NYSE:UAA) last announced 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 return on equity of 13.85% and a net margin of 6.98%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, equities research analysts expect that Under Armour, Inc. will post 0.52 earnings per share for the current fiscal 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.