Retirement Systems of Alabama Has $1.71 Million Holdings in Under Armour, Inc. (NYSE:UA)

Retirement Systems of Alabama decreased its position in shares of Under Armour, Inc. (NYSE:UAFree Report) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 239,626 shares of the company’s stock after selling 2,629 shares during the quarter. Retirement Systems of Alabama owned about 0.06% of Under Armour worth $1,711,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Keener Financial Planning LLC bought a new stake in shares of Under Armour during the 4th quarter valued at about $25,000. GAMMA Investing LLC acquired a new position in Under Armour in the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC boosted its holdings in shares of Under Armour by 61.7% during the 4th quarter. Global Retirement Partners LLC now owns 3,959 shares of the company’s stock worth $33,000 after buying an additional 1,511 shares in the last quarter. TFO Wealth Partners LLC grew its position in shares of Under Armour by 529,600.0% during the 4th quarter. TFO Wealth Partners LLC now owns 5,297 shares of the company’s stock worth $44,000 after buying an additional 5,296 shares during the period. Finally, ICA Group Wealth Management LLC bought a new stake in shares of Under Armour in the 4th quarter valued at $50,000. Institutional investors and hedge funds own 36.35% of the company’s stock.

Under Armour Stock Performance

Shares of UA opened at $6.28 on Friday. Under Armour, Inc. has a one year low of $5.86 and a one year high of $8.99. The company has a market cap of $2.74 billion, a PE ratio of 11.85 and a beta of 1.65. The stock has a 50-day moving average of $6.63 and a 200-day moving average of $7.19. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.46 and a quick ratio of 1.63.

Under Armour (NYSE:UAGet Free Report) last announced its quarterly earnings data on Thursday, May 16th. The company reported $0.11 EPS for the quarter. Under Armour had a return on equity of 11.95% and a net margin of 4.19%. The firm had revenue of $1.33 billion during the quarter. On average, equities research analysts predict that Under Armour, Inc. will post 0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus cut their target price on shares of Under Armour from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, June 24th.

Read Our Latest Analysis on UA

Under Armour Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Under Armour (NYSE:UA)

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