EP Wealth Advisors LLC Buys Shares of 19,064 Under Armour, Inc. (NYSE:UAA)

EP Wealth Advisors LLC purchased a new stake in Under Armour, Inc. (NYSE:UAA) during the 4th quarter, HoldingsChannel reports. The firm purchased 19,064 shares of the company’s stock, valued at approximately $168,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Keener Financial Planning LLC acquired a new stake in shares of Under Armour in the fourth quarter valued at about $26,000. Global Retirement Partners LLC grew its position in shares of Under Armour by 43.3% in the fourth quarter. Global Retirement Partners LLC now owns 6,769 shares of the company’s stock valued at $59,000 after purchasing an additional 2,044 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Under Armour in the fourth quarter valued at about $91,000. Innealta Capital LLC acquired a new stake in shares of Under Armour in the fourth quarter valued at about $100,000. Finally, MQS Management LLC acquired a new stake in shares of Under Armour in the third quarter valued at about $115,000. 34.58% of the stock is owned by institutional investors and hedge funds.

Under Armour Stock Performance

NYSE:UAA opened at $6.99 on Friday. Under Armour, Inc. has a 1 year low of $6.18 and a 1 year high of $9.50. The firm has a 50 day moving average of $6.79 and a 200-day moving average of $7.60. The company has a current ratio of 2.46, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $3.05 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 3.52 and a beta of 1.69.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, May 16th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. Under Armour had a net margin of 4.19% and a return on equity of 11.95%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the company posted $0.18 EPS. Under Armour’s revenue was down 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Under Armour, Inc. will post 0.2 EPS for the current fiscal year.

Under Armour declared that its board has authorized a stock repurchase program on Thursday, May 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 16.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms recently weighed in on UAA. Citigroup decreased their target price on Under Armour from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. Truist Financial decreased their target price on Under Armour from $8.00 to $7.00 and set a “hold” rating on the stock in a research report on Friday, May 17th. Oppenheimer downgraded Under Armour from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 23rd. JPMorgan Chase & Co. downgraded Under Armour from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $8.00 to $6.00 in a research report on Thursday, May 16th. Finally, Wells Fargo & Company decreased their target price on Under Armour from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7.32.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.