Duality Advisers LP Buys New Stake in Under Armour, Inc. (NYSE:UAA)

Duality Advisers LP bought a new stake in Under Armour, Inc. (NYSE:UAA) in the 4th quarter, Holdings Channel.com reports. The fund bought 20,634 shares of the company’s stock, valued at approximately $181,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Cannon Global Investment Management LLC acquired a new position in shares of Under Armour in the fourth quarter worth $391,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Under Armour by 28.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 110,003 shares of the company’s stock worth $967,000 after acquiring an additional 24,197 shares during the period. Louisiana State Employees Retirement System purchased a new stake in shares of Under Armour during the fourth quarter worth $466,000. Keener Financial Planning LLC purchased a new stake in shares of Under Armour during the fourth quarter worth $26,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Under Armour during the fourth quarter worth $155,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Stock Performance

NYSE UAA opened at $6.80 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.13 and a quick ratio of 1.38. Under Armour, Inc. has a 1 year low of $6.29 and a 1 year high of $9.50. The company has a market capitalization of $2.96 billion, a PE ratio of 7.56, a P/E/G ratio of 1.17 and a beta of 1.64. The company has a fifty day moving average of $7.51 and a two-hundred day moving average of $7.74.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.08. Under Armour had a net margin of 6.98% and a return on equity of 13.85%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Under Armour’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, analysts expect that Under Armour, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on UAA shares. BNP Paribas reaffirmed a “neutral” rating on shares of Under Armour in a research report on Thursday, March 14th. Evercore ISI reaffirmed an “underperform” rating and set a $7.00 price objective (down previously from $8.00) on shares of Under Armour in a research report on Thursday, March 14th. Williams Trading reaffirmed a “hold” rating and set a $8.00 price objective on shares of Under Armour in a research report on Thursday, March 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $9.00 target price on shares of Under Armour in a report on Thursday, March 14th. Finally, TheStreet raised Under Armour from a “d+” rating to a “c-” rating in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, Under Armour has an average rating of “Hold” and an average price target of $8.55.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.