State of New Jersey Common Pension Fund D Has $1.79 Million Holdings in Under Armour, Inc. (NYSE:UAA)

State of New Jersey Common Pension Fund D reduced its position in Under Armour, Inc. (NYSE:UAA) by 13.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 267,990 shares of the company’s stock after selling 43,267 shares during the period. State of New Jersey Common Pension Fund D owned about 0.06% of Under Armour worth $1,787,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Under Armour by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock worth $134,665,000 after purchasing an additional 173,817 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Under Armour by 27.2% during the 1st quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock worth $28,712,000 after acquiring an additional 831,202 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Under Armour during the 1st quarter worth about $8,944,000. Norges Bank bought a new stake in shares of Under Armour during the 4th quarter worth about $10,348,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Under Armour by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 710,936 shares of the company’s stock worth $5,247,000 after acquiring an additional 17,641 shares in the last quarter. 34.58% of the stock is owned by institutional investors and hedge funds.

Under Armour Price Performance

Shares of UAA stock opened at $7.99 on Wednesday. The stock has a 50 day moving average of $7.51 and a two-hundred day moving average of $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 12 month low of $6.17 and a 12 month high of $9.50. The company has a market capitalization of $3.49 billion, a P/E ratio of 14.80, a P/E/G ratio of 3.83 and a beta of 1.65.

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

Analysts Set New Price Targets

UAA has been the subject of several recent analyst reports. Wedbush upped their price target on Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Stifel Nicolaus upped their price target on Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Barclays upped their price target on Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Argus upgraded Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. 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 note on Monday, September 16th. Three equities 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7.57.

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.