Captrust Financial Advisors Boosts Stake in Under Armour, Inc. (NYSE:UAA)

Captrust Financial Advisors lifted its stake in Under Armour, Inc. (NYSE:UAA) by 20.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,024 shares of the company’s stock after purchasing an additional 13,544 shares during the period. Captrust Financial Advisors’ holdings in Under Armour were worth $663,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC increased its stake in Under Armour by 193.2% in the 4th quarter. FMR LLC now owns 28,317,951 shares of the company’s stock worth $234,473,000 after buying an additional 18,658,128 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in Under Armour by 55.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock worth $81,057,000 after buying an additional 3,503,006 shares in the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in Under Armour in the 4th quarter worth $28,249,000. American Century Companies Inc. increased its stake in Under Armour by 160.5% in the 4th quarter. American Century Companies Inc. now owns 4,013,671 shares of the company’s stock worth $33,233,000 after buying an additional 2,472,813 shares in the last quarter. Finally, Norges Bank purchased a new stake in Under Armour in the 4th quarter worth $11,151,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Trading Up 2.5%

UAA opened at $6.71 on Friday. The firm has a market cap of $2.88 billion, a P/E ratio of -23.12 and a beta of 1.54. Under Armour, Inc. has a 12 month low of $4.78 and a 12 month high of $11.89. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average of $6.00 and a 200 day moving average of $7.61.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. As a group, research analysts forecast that Under Armour, Inc. will post 0.3 EPS for the current year.

Wall Street Analyst Weigh In

UAA has been the subject of a number of analyst reports. StockNews.com lowered Under Armour from a “hold” rating to a “sell” rating in a research note on Wednesday. Bank of America cut their price target on Under Armour from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday. BMO Capital Markets cut their price target on Under Armour from $12.00 to $9.00 and set an “outperform” rating for the company in a research note on Wednesday. UBS Group raised their price objective on Under Armour from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Finally, Telsey Advisory Group restated a “market perform” rating and set a $7.00 price objective on shares of Under Armour in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.33.

About Under Armour

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.