Victory Capital Management Inc. Trims Stock Position in Under Armour, Inc. (NYSE:UAA)

Victory Capital Management Inc. lessened its holdings in Under Armour, Inc. (NYSE:UAA) by 21.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,721 shares of the company’s stock after selling 31,656 shares during the period. Victory Capital Management Inc.’s holdings in Under Armour were worth $966,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cornerstone Investment Partners LLC acquired a new position in shares of Under Armour in the fourth quarter valued at approximately $180,000. Charles Schwab Investment Management Inc. raised its position in shares of Under Armour by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,815,640 shares of the company’s stock valued at $39,873,000 after buying an additional 84,802 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Under Armour in the fourth quarter valued at approximately $40,000. Jones Financial Companies Lllp raised its position in shares of Under Armour by 28.7% in the fourth quarter. Jones Financial Companies Lllp now owns 69,679 shares of the company’s stock valued at $577,000 after buying an additional 15,531 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Under Armour in the fourth quarter valued at approximately $486,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UAA. Argus lowered shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Guggenheim reaffirmed a “neutral” rating on shares of Under Armour in a research report on Friday, February 7th. KGI Securities assumed coverage on shares of Under Armour in a research report on Friday, March 7th. They set a “neutral” rating and a $7.40 price target for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research report on Friday, February 7th. Finally, Barclays dropped their price target on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Under Armour has a consensus rating of “Hold” and a consensus price target of $9.06.

Under Armour Price Performance

UAA opened at $6.48 on Friday. 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. The company has a 50 day moving average of $7.52 and a two-hundred day moving average of $8.35. The company has a market cap of $2.78 billion, a P/E ratio of -22.33 and a beta of 1.63.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the company earned $0.19 earnings per share. On average, analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current year.

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.