Under Armour, Inc. (NYSE:UAA) Stock Position Lifted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Under Armour, Inc. (NYSE:UAA) by 30.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,035 shares of the company’s stock after purchasing an additional 4,175 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Under Armour were worth $149,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UAA. FMR LLC grew its position in Under Armour by 193.2% during the fourth quarter. FMR LLC now owns 28,317,951 shares of the company’s stock valued at $234,473,000 after purchasing an additional 18,658,128 shares in the last quarter. Alyeska Investment Group L.P. grew its position in Under Armour by 55.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock worth $81,057,000 after acquiring an additional 3,503,006 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in Under Armour in the fourth quarter worth approximately $28,249,000. American Century Companies Inc. grew its position in Under Armour by 160.5% in the fourth quarter. American Century Companies Inc. now owns 4,013,671 shares of the company’s stock worth $33,233,000 after acquiring an additional 2,472,813 shares in the last quarter. Finally, Norges Bank bought a new stake in Under Armour in the fourth quarter worth approximately $11,151,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Under Armour

In other news, insider Mehri Shadman sold 16,287 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total transaction of $100,002.18. Following the completion of the sale, the insider now owns 191,796 shares of the company’s stock, valued at $1,177,627.44. This trade represents a 7.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 15.60% of the company’s stock.

Under Armour Stock Down 4.7%

UAA stock opened at $6.33 on Wednesday. The stock has a market capitalization of $2.72 billion, a P/E ratio of -13.46, a price-to-earnings-growth ratio of 0.90 and a beta of 1.63. The company has a current ratio of 2.10, a quick ratio of 1.25 and a debt-to-equity ratio of 0.31. Under Armour, Inc. has a 12 month low of $4.78 and a 12 month high of $11.89. The firm has a 50-day moving average price of $6.22 and a 200-day moving average price of $7.18.

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 firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Under Armour had a negative net margin of 3.90% and a positive return on equity of 7.04%. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 earnings per share. As a group, equities research analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on UAA. Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 target price on shares of Under Armour in a research report on Tuesday, May 13th. Stifel Nicolaus reduced their price objective on shares of Under Armour from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, May 14th. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a research note on Wednesday, May 14th. Wells Fargo & Company boosted their price objective on shares of Under Armour from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 14th. Finally, Citigroup reduced their price objective on shares of Under Armour from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.33.

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.