Northern Trust Corp Grows Stock Holdings in Under Armour, Inc. (NYSE:UAA)

Northern Trust Corp grew its holdings in shares of Under Armour, Inc. (NYSE:UAA) by 18.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,729,796 shares of the company’s stock after purchasing an additional 275,131 shares during the period. Northern Trust Corp owned approximately 0.40% of Under Armour worth $14,323,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in UAA. Empowered Funds LLC purchased a new position in Under Armour in the 4th quarter worth approximately $412,000. Teacher Retirement System of Texas bought a new stake in Under Armour in the 4th quarter worth approximately $313,000. Fox Run Management L.L.C. raised its stake in Under Armour by 215.1% during the 4th quarter. Fox Run Management L.L.C. now owns 68,596 shares of the company’s stock valued at $568,000 after buying an additional 46,828 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Under Armour by 11.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company’s stock valued at $11,853,000 after buying an additional 150,958 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Under Armour by 36.5% during the 4th quarter. JPMorgan Chase & Co. now owns 554,525 shares of the company’s stock valued at $4,591,000 after buying an additional 148,280 shares during the last quarter. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Trading Up 4.3%

Shares of Under Armour stock opened at $6.54 on Friday. Under Armour, Inc. has a twelve month low of $4.78 and a twelve month high of $11.89. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $6.02 and a 200-day moving average price of $7.63. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of -22.55 and a beta of 1.54.

Under Armour (NYSE:UAA) last posted its earnings results on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. Equities research analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on UAA shares. Argus lowered shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. UBS Group boosted their target price on shares of Under Armour from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. BMO Capital Markets decreased their target price on shares of Under Armour from $12.00 to $9.00 and set an “outperform” rating for the company in a research note on Wednesday. Wells Fargo & Company boosted their target price on shares of Under Armour from $4.00 to $5.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Evercore ISI decreased their target price on shares of Under Armour from $7.00 to $6.00 and set an “underperform” rating for the company in a research note on Wednesday. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $7.24.

About Under Armour

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.