Lombard Odier Asset Management USA Corp Takes $316,000 Position in Under Armour, Inc. (NYSE:UAA)

Lombard Odier Asset Management USA Corp acquired a new position in shares of Under Armour, Inc. (NYSE:UAA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 47,338 shares of the company’s stock, valued at approximately $316,000.

Several other institutional investors have also bought and sold shares of UAA. Hexagon Capital Partners LLC raised its stake in Under Armour by 101.1% in the first quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock worth $28,000 after buying an additional 1,890 shares in the last quarter. Optas LLC bought a new position in shares of Under Armour in the second quarter worth about $72,000. Innealta Capital LLC bought a new position in shares of Under Armour in the fourth quarter worth approximately $100,000. Koss Olinger Consulting LLC purchased a new position in shares of Under Armour in the second quarter worth $79,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Under Armour during the second quarter valued at $80,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Price Performance

Shares of UAA opened at $7.77 on Tuesday. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 3.83 and a beta of 1.65. The firm’s fifty day simple moving average is $7.49 and its 200-day simple moving average is $7.11. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. Under Armour, Inc. has a twelve month low of $6.17 and a twelve month high of $9.50.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.09. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the business earned $0.02 EPS. Under Armour’s revenue for the quarter was down 10.1% compared to the same quarter last year. Equities analysts forecast that Under Armour, Inc. will post 0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UAA has been the topic of several research reports. Stifel Nicolaus boosted their price target on shares of Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Argus upgraded Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. Telsey Advisory Group reissued a “market perform” rating and set a $7.00 target price on shares of Under Armour in a research note on Monday, August 5th. Barclays raised their price target on Under Armour from $6.00 to $8.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Finally, BMO Capital Markets increased their target price on Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Under Armour currently has a consensus rating of “Hold” and a consensus target price of $7.57.

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.