Prudential Financial Inc. Sells 61,296 Shares of Under Armour, Inc. (NYSE:UAA)

Prudential Financial Inc. lowered its position in Under Armour, Inc. (NYSE:UAA) by 79.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 15,538 shares of the company’s stock after selling 61,296 shares during the quarter. Prudential Financial Inc.’s holdings in Under Armour were worth $129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in UAA. Compagnie Lombard Odier SCmA bought a new position in shares of Under Armour during the 4th quarter valued at approximately $25,000. Nomura Asset Management Co. Ltd. lifted its holdings in Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after purchasing an additional 1,800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Under Armour in the fourth quarter worth approximately $27,000. SBI Securities Co. Ltd. purchased a new stake in shares of Under Armour in the fourth quarter worth $40,000. Finally, Harbour Investments Inc. raised its position in shares of Under Armour by 438.2% during the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock valued at $51,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 34.58% of the company’s stock.

Under Armour Trading Down 0.5 %

UAA opened at $5.18 on Friday. The stock has a 50-day moving average of $6.69 and a 200 day moving average of $8.14. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a 12 month low of $4.78 and a 12 month high of $11.89. The firm has a market cap of $2.22 billion, a P/E ratio of -17.84 and a beta of 1.49.

Under Armour (NYSE:UAA) last announced its earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period in the previous year, the business posted $0.19 earnings per share. As a group, research analysts forecast that Under Armour, Inc. will post 0.3 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on UAA shares. Argus downgraded shares of Under Armour from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. UBS Group decreased their target price on Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. StockNews.com upgraded Under Armour from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th. Evercore ISI cut their price objective on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a report on Monday, February 10th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $4.00 target price on shares of Under Armour in a report on Friday, December 13th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.12.

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.