Jupiter Asset Management Ltd. Decreases Stock Holdings in Under Armour, Inc. (NYSE:UAA)

Jupiter Asset Management Ltd. trimmed its position in shares of Under Armour, Inc. (NYSE:UAA) by 34.3% during the 4th quarter, Holdings Channel reports. The fund owned 696,016 shares of the company’s stock after selling 364,041 shares during the period. Jupiter Asset Management Ltd.’s holdings in Under Armour were worth $5,763,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Nomura Asset Management Co. Ltd. raised its holdings in shares of Under Armour by 163.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after acquiring an additional 1,800 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of Under Armour during the 4th quarter worth approximately $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Under Armour during the 4th quarter worth approximately $27,000. SBI Securities Co. Ltd. purchased a new stake in shares of Under Armour during the 4th quarter worth approximately $40,000. Finally, Versant Capital Management Inc raised its holdings in Under Armour by 63.2% during the 4th quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock valued at $83,000 after buying an additional 3,885 shares during the period. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Stock Performance

Shares of Under Armour stock opened at $7.02 on Friday. The company has a 50 day moving average price of $7.70 and a 200 day moving average price of $8.41. The firm has a market capitalization of $3.02 billion, a P/E ratio of -24.20 and a beta of 1.63. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a 52 week low of $6.17 and a 52 week high of $11.89.

Under Armour (NYSE:UAA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $0.19 EPS. Sell-side analysts expect that Under Armour, Inc. will post 0.3 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on UAA. Morgan Stanley restated an “underweight” rating and set a $4.00 price target on shares of Under Armour in a report on Friday, December 13th. KGI Securities began coverage on Under Armour in a report on Friday, March 7th. They set a “neutral” rating and a $7.40 price target on the stock. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a report on Friday, February 7th. Guggenheim restated a “neutral” rating on shares of Under Armour in a report on Friday, February 7th. Finally, StockNews.com lowered Under Armour from a “hold” rating to a “sell” rating in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8.99.

Under Armour 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.