Under Armour, Inc. (NYSE:UAA) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Under Armour, Inc. (NYSE:UAA) by 74.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 235,275 shares of the company’s stock after acquiring an additional 100,554 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Under Armour were worth $1,948,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. raised its stake in shares of Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after purchasing an additional 1,800 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new position in shares of Under Armour in the fourth quarter worth about $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Under Armour in the fourth quarter worth about $27,000. SBI Securities Co. Ltd. purchased a new position in shares of Under Armour in the fourth quarter worth about $40,000. Finally, Versant Capital Management Inc raised its stake in shares of Under Armour by 63.2% in the fourth quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock worth $83,000 after purchasing an additional 3,885 shares during the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Stock Performance

Shares of NYSE:UAA opened at $6.73 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. The business’s 50 day moving average price is $7.64 and its 200-day moving average price is $8.39. The firm has a market capitalization of $2.89 billion, a PE ratio of -23.19 and a beta of 1.63. Under Armour, Inc. has a 1 year low of $6.17 and a 1 year 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, 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 last year, the firm earned $0.19 EPS. As a group, equities research analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. StockNews.com cut Under Armour from a “hold” rating to a “sell” rating in a research note on Wednesday, March 12th. UBS Group reduced their price objective on Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Barclays reduced their price target on 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. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research report on Friday, February 7th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $4.00 price target on shares of Under Armour in a research report on Friday, December 13th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.06.

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.