Schonfeld Strategic Advisors LLC Purchases New Holdings in Under Armour, Inc. (NYSE:UAA)

Schonfeld Strategic Advisors LLC bought a new stake in shares of Under Armour, Inc. (NYSE:UAA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,998 shares of the company’s stock, valued at approximately $124,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC lifted its position in Under Armour by 193.2% during the fourth quarter. FMR LLC now owns 28,317,951 shares of the company’s stock worth $234,473,000 after purchasing an additional 18,658,128 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Under Armour by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company’s stock worth $128,741,000 after acquiring an additional 263,988 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Under Armour by 10.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,528,935 shares of the company’s stock worth $45,780,000 after acquiring an additional 533,417 shares during the period. Renaissance Technologies LLC lifted its stake in Under Armour by 13.7% during the fourth quarter. Renaissance Technologies LLC now owns 4,837,800 shares of the company’s stock worth $40,057,000 after purchasing an additional 581,800 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Under Armour by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,815,640 shares of the company’s stock worth $39,873,000 after purchasing an additional 84,802 shares during the last quarter. Institutional investors own 34.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on UAA shares. Stifel Nicolaus cut their target price on Under Armour from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday. Truist Financial dropped their price objective on Under Armour from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday. KGI Securities began coverage on shares of Under Armour in a report on Friday, March 7th. They issued a “neutral” rating and a $7.40 target price for the company. 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 report on Thursday, May 1st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.24.

Under Armour Price Performance

Shares of UAA opened at $6.27 on Thursday. Under Armour, Inc. has a 1 year low of $4.78 and a 1 year high of $11.89. 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 company has a market capitalization of $2.70 billion, a price-to-earnings ratio of -21.62 and a beta of 1.54. The business has a 50-day moving average of $6.03 and a 200-day moving average of $7.64.

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

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.