Price T Rowe Associates Inc. MD Buys 5,773 Shares of Under Armour, Inc. (NYSE:UAA)

Price T Rowe Associates Inc. MD boosted its stake in Under Armour, Inc. (NYSE:UAA) by 5.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 119,063 shares of the company’s stock after buying an additional 5,773 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Under Armour were worth $987,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Compagnie Lombard Odier SCmA bought a new position in shares of Under Armour during the fourth quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Under Armour in the 4th quarter valued at $27,000. SBI Securities Co. Ltd. purchased a new stake in shares of Under Armour during the 4th quarter valued at $40,000. Harbour Investments Inc. raised its stake 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 worth $51,000 after purchasing an additional 5,000 shares during the period. Finally, Amundi boosted its holdings in shares of Under Armour by 45.3% in the 4th quarter. Amundi now owns 13,540 shares of the company’s stock worth $110,000 after buying an additional 4,223 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Telsey Advisory Group reduced their target price on shares of Under Armour from $10.00 to $7.00 and set a “market perform” rating for the company in a research report on Wednesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research report on Friday, February 7th. Evercore ISI cut their price target on Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a research note on Monday, February 10th. Argus cut Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Finally, UBS Group increased their target price on shares of Under Armour from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Three 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7.99.

Under Armour Stock Performance

NYSE UAA opened at $5.84 on Friday. Under Armour, Inc. has a 52-week low of $4.78 and a 52-week high of $11.89. The company has a fifty day moving average of $6.08 and a 200-day moving average of $7.69. The company has a market capitalization of $2.51 billion, a P/E ratio of -20.14 and a beta of 1.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share (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 company posted $0.19 earnings per share. As a group, equities research analysts predict that Under Armour, Inc. will post 0.3 EPS for the current fiscal 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.