Under Armour, Inc. (NYSE:UAA) Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC grew its position in shares of Under Armour, Inc. (NYSE:UAA) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,911 shares of the company’s stock after acquiring an additional 3,024 shares during the quarter. Yousif Capital Management LLC’s holdings in Under Armour were worth $431,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of UAA. FMR LLC lifted its holdings in Under Armour by 193.2% in the fourth quarter. FMR LLC now owns 28,317,951 shares of the company’s stock worth $234,473,000 after purchasing an additional 18,658,128 shares during the period. Alyeska Investment Group L.P. raised its holdings in Under Armour by 55.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock worth $81,057,000 after buying an additional 3,503,006 shares during the period. T. Rowe Price Investment Management Inc. acquired a new stake in Under Armour during the 4th quarter worth about $28,249,000. American Century Companies Inc. grew its stake in Under Armour by 160.5% during the 4th quarter. American Century Companies Inc. now owns 4,013,671 shares of the company’s stock valued at $33,233,000 after acquiring an additional 2,472,813 shares in the last quarter. Finally, Norges Bank purchased a new position in Under Armour during the 4th quarter valued at about $11,151,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Trading Up 13.9%

NYSE:UAA opened at $7.03 on Friday. Under Armour, Inc. has a 1-year low of $4.78 and a 1-year high of $11.89. The company has a current ratio of 2.10, a quick ratio of 1.25 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of -14.95, a PEG ratio of 0.84 and a beta of 1.63. The business’s 50-day moving average price is $6.28 and its two-hundred day moving average price is $7.13.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.01. Under Armour had a positive return on equity of 7.04% and a negative net margin of 3.90%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the business posted $0.11 EPS. Under Armour’s revenue for the quarter was down 11.4% on a year-over-year basis. On average, equities analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Insider Activity at Under Armour

In other Under Armour news, insider Mehri Shadman sold 16,287 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total transaction of $100,002.18. Following the transaction, the insider now owns 191,796 shares of the company’s stock, valued at $1,177,627.44. The trade was a 7.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 15.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on UAA shares. Bank of America lowered their price target on Under Armour from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, May 14th. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a report on Wednesday, May 14th. Wells Fargo & Company upped their price target on Under Armour from $4.00 to $5.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 14th. Barclays cut their target price on Under Armour from $8.00 to $6.00 and set an “equal weight” rating for the company in a research note on Monday, May 12th. Finally, Wall Street Zen lowered Under Armour from a “hold” rating to a “sell” rating in a research note on Saturday, May 24th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $7.33.

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.