Slow Capital Inc. Boosts Stake in Under Armour Inc (UAA)

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Slow Capital Inc. lifted its position in shares of Under Armour Inc (NYSE:UAA) by 7.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 54,558 shares of the company’s stock after acquiring an additional 3,569 shares during the quarter. Slow Capital Inc.’s holdings in Under Armour were worth $964,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Under Armour by 102.8% in the 3rd quarter. Vanguard Group Inc. now owns 38,049,952 shares of the company’s stock worth $773,692,000 after purchasing an additional 19,284,810 shares during the period. Vanguard Group Inc boosted its stake in Under Armour by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 18,886,120 shares of the company’s stock worth $400,763,000 after purchasing an additional 120,978 shares during the period. Loomis Sayles & Co. L P boosted its stake in Under Armour by 2.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 6,011,402 shares of the company’s stock worth $127,562,000 after purchasing an additional 159,625 shares during the period. FMR LLC boosted its stake in Under Armour by 0.6% in the 3rd quarter. FMR LLC now owns 3,566,570 shares of the company’s stock worth $75,683,000 after purchasing an additional 21,492 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Under Armour by 15.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,891,012 shares of the company’s stock worth $61,346,000 after purchasing an additional 388,266 shares during the period. Institutional investors own 37.50% of the company’s stock.

Several research analysts have commented on the company. Wells Fargo & Co downgraded Under Armour from a “market perform” rating to an “underperform” rating and set a $23.50 target price for the company. in a research note on Sunday, December 2nd. Goldman Sachs Group upgraded Under Armour from a “neutral” rating to a “buy” rating and raised their target price for the stock from $24.00 to $28.00 in a research note on Tuesday, January 22nd. Atlantic Securities downgraded Under Armour from a “neutral” rating to an “underweight” rating in a research note on Wednesday, December 19th. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Saturday, January 5th. Finally, ValuEngine downgraded Under Armour from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Under Armour has an average rating of “Hold” and a consensus target price of $22.54.

Shares of NYSE:UAA traded down $0.02 on Thursday, hitting $20.90. The company’s stock had a trading volume of 62,768 shares, compared to its average volume of 3,766,947. Under Armour Inc has a 1 year low of $12.50 and a 1 year high of $24.96. The stock has a market cap of $9.38 billion, a P/E ratio of 109.37, a PEG ratio of 2.72 and a beta of 0.06. The company has a quick ratio of 1.09, a current ratio of 1.99 and a debt-to-equity ratio of 0.35.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, October 30th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.13. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Under Armour had a positive return on equity of 3.96% and a negative net margin of 2.68%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 EPS. On average, equities research analysts expect that Under Armour Inc will post 0.22 EPS for the current fiscal year.

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Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.

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Institutional Ownership by Quarter for Under Armour (NYSE:UAA)

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