Under Armour, Inc. (NYSE:UAA) Shares Purchased by Disciplined Growth Investors Inc. MN

Disciplined Growth Investors Inc. MN grew its position in shares of Under Armour, Inc. (NYSE:UAA) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,412,643 shares of the company’s stock after purchasing an additional 70,731 shares during the period. Disciplined Growth Investors Inc. MN’s holdings in Under Armour were worth $36,102,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in Under Armour in the fourth quarter valued at approximately $10,348,000. Commerce Bank increased its holdings in shares of Under Armour by 101.2% during the 4th quarter. Commerce Bank now owns 51,912 shares of the company’s stock worth $456,000 after buying an additional 26,107 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Under Armour during the 4th quarter worth $1,204,000. Blueshift Asset Management LLC purchased a new position in shares of Under Armour in the 4th quarter worth $351,000. Finally, Virtu Financial LLC acquired a new position in Under Armour in the fourth quarter valued at $440,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on UAA. BMO Capital Markets upped their price target on Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Stifel Nicolaus increased their target price on shares of Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Barclays lifted their price target on shares of Under Armour from $6.00 to $8.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Wedbush increased their price objective on shares of Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, Morgan Stanley downgraded Under Armour from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $8.00 to $4.00 in a report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $7.57.

Under Armour Stock Performance

Shares of Under Armour stock opened at $8.94 on Friday. 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 1 year low of $6.17 and a 1 year high of $9.50. The firm’s 50-day simple moving average is $7.63 and its 200-day simple moving average is $7.14. The firm has a market cap of $3.90 billion, a PE ratio of 16.56, a price-to-earnings-growth ratio of 3.86 and a beta of 1.65.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.09. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. Under Armour’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 earnings per share. Equities analysts forecast that Under Armour, Inc. will post 0.21 earnings per share for the current fiscal year.

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.