Prudential Financial Inc. Lowers Holdings in Under Armour, Inc. (NYSE:UAA)

Prudential Financial Inc. trimmed its position in Under Armour, Inc. (NYSE:UAA) by 79.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,538 shares of the company’s stock after selling 61,296 shares during the period. Prudential Financial Inc.’s holdings in Under Armour were worth $129,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new stake in Under Armour in the fourth quarter valued at approximately $25,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of Under Armour by 163.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after buying an additional 1,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Under Armour during the 4th quarter valued at $27,000. SBI Securities Co. Ltd. bought a new stake in shares of Under Armour during the 4th quarter worth $40,000. Finally, Harbour Investments Inc. grew its position in Under Armour by 438.2% in the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock worth $51,000 after acquiring an additional 5,000 shares in the last quarter. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Price Performance

UAA stock opened at $5.18 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. The firm has a 50 day moving average price of $6.69 and a 200-day moving average price of $8.14. Under Armour, Inc. has a 52-week low of $4.78 and a 52-week high of $11.89. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of -17.84 and a beta of 1.49.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period last year, the firm posted $0.19 earnings per share. Equities research analysts forecast that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Morgan Stanley restated an “underweight” rating and issued a $4.00 target price on shares of Under Armour in a research report on Friday, December 13th. TD Cowen boosted their price objective on shares of Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, December 13th. UBS Group reduced their target price on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Evercore ISI lowered their price target on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a research note on Monday, February 10th. Finally, Guggenheim restated a “neutral” rating on shares of Under Armour in a research report on Friday, February 7th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $9.12.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.