Under Armour, Inc. (NYSE:UAA) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of Under Armour, Inc. (NYSE:UAA) by 36.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 554,525 shares of the company’s stock after buying an additional 148,280 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.13% of Under Armour worth $4,591,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Compagnie Lombard Odier SCmA acquired a new position in Under Armour during the 4th quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Under Armour during the fourth quarter worth about $27,000. SBI Securities Co. Ltd. acquired a new position in Under Armour in the fourth quarter worth about $40,000. Harbour Investments Inc. increased its holdings in Under Armour by 438.2% in the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock valued at $51,000 after buying an additional 5,000 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in Under Armour by 63.2% in the fourth quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock valued at $83,000 after buying an additional 3,885 shares during the last quarter. Institutional investors own 34.58% of the company’s stock.

Under Armour Stock Performance

Shares of UAA stock opened at $5.84 on Friday. The business has a 50 day simple moving average of $6.44 and a 200 day simple moving average of $8.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of -20.12 and a beta of 1.49. Under Armour, Inc. has a 12-month low of $4.78 and a 12-month high of $11.89.

Under Armour (NYSE:UAA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the business earned $0.19 EPS. On average, equities research analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on UAA shares. Guggenheim reiterated a “neutral” rating on shares of Under Armour in a research report on Friday, February 7th. Evercore ISI reduced their price objective on Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a research note on Monday, February 10th. Barclays lowered their target price on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Argus downgraded shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Finally, StockNews.com raised shares of Under Armour from a “sell” rating to a “hold” rating in a report on Thursday, March 20th. Three investment 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.