Russell Investments Group Ltd. Sells 115,678 Shares of Under Armour, Inc. (NYSE:UAA)

Russell Investments Group Ltd. decreased its position in shares of Under Armour, Inc. (NYSE:UAA) by 52.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,168 shares of the company’s stock after selling 115,678 shares during the quarter. Russell Investments Group Ltd.’s holdings in Under Armour were worth $863,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of UAA. Compagnie Lombard Odier SCmA bought a new position in Under Armour in the fourth quarter valued at approximately $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Under Armour during the 4th quarter worth $27,000. SBI Securities Co. Ltd. acquired a new position in shares of Under Armour during the 4th quarter worth $40,000. Harbour Investments Inc. lifted its position in shares of Under Armour by 438.2% during the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock worth $51,000 after buying an additional 5,000 shares during the last quarter. Finally, Versant Capital Management Inc grew its position 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 acquiring an additional 3,885 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on UAA shares. Barclays reduced their price target on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. KGI Securities initiated coverage on shares of Under Armour in a report on Friday, March 7th. They set a “neutral” rating and a $7.40 price target for the company. UBS Group cut their price objective on Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a report on Thursday, February 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Under Armour currently has a consensus rating of “Hold” and an average price target of $9.12.

Under Armour Stock Down 1.4 %

Shares of NYSE:UAA opened at $5.75 on Tuesday. The business’s 50-day moving average is $6.41 and its 200-day moving average is $7.98. Under Armour, Inc. has a 1 year low of $4.78 and a 1 year high of $11.89. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of -19.83 and a beta of 1.49. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19.

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

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.