Versor Investments LP Raises Holdings in Under Armour, Inc. (NYSE:UAA)

Versor Investments LP raised its position in Under Armour, Inc. (NYSE:UAA) by 9.8% during the second quarter, HoldingsChannel reports. The firm owned 32,400 shares of the company’s stock after purchasing an additional 2,900 shares during the period. Versor Investments LP’s holdings in Under Armour were worth $216,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Under Armour by 1.0% in the first quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock worth $134,665,000 after buying an additional 173,817 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Under Armour by 29.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,154,871 shares of the company’s stock valued at $62,893,000 after acquiring an additional 1,636,634 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Under Armour by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,147,411 shares of the company’s stock worth $36,456,000 after purchasing an additional 203,666 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Under Armour by 27.2% during the 1st quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock worth $28,712,000 after purchasing an additional 831,202 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Under Armour by 25.7% in the fourth quarter. BNP Paribas Financial Markets now owns 1,329,188 shares of the company’s stock valued at $11,684,000 after purchasing an additional 271,779 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Stock Down 0.9 %

Under Armour stock opened at $7.79 on Friday. The company has a market capitalization of $3.37 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 3.77 and a beta of 1.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73. Under Armour, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $9.50. The firm has a 50 day moving average price of $7.28 and a 200 day moving average price of $7.22.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the firm posted $0.02 earnings per share. The company’s revenue was down 10.1% on a year-over-year basis. Research analysts expect that Under Armour, Inc. will post 0.22 earnings per share for the current year.

Under Armour announced that its Board of Directors has initiated a stock buyback program on Thursday, May 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to buy up to 16.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Oppenheimer downgraded Under Armour from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 23rd. JPMorgan Chase & Co. lowered Under Armour from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $8.00 to $6.00 in a report on Thursday, May 16th. Morgan Stanley lowered shares of Under Armour from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $8.00 to $4.00 in a report on Tuesday, July 23rd. Barclays raised their price objective on shares of Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $7.00 target price on shares of Under Armour in a report on Monday, August 5th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $7.50.

About Under Armour

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.