Bank of New York Mellon Corp Raises Holdings in Under Armour, Inc. (NYSE:UAA)

Bank of New York Mellon Corp boosted its position in Under Armour, Inc. (NYSE:UAA) by 11.8% in the 4th quarter, HoldingsChannel reports. The firm owned 1,431,487 shares of the company’s stock after purchasing an additional 150,958 shares during the period. Bank of New York Mellon Corp’s holdings in Under Armour were worth $11,853,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in shares of Under Armour during the fourth quarter worth $412,000. Quantbot Technologies LP grew its holdings in shares of Under Armour by 288.1% during the 3rd quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock worth $3,772,000 after purchasing an additional 314,226 shares during the period. BNP Paribas Financial Markets increased its position in Under Armour by 48.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock worth $5,470,000 after purchasing an additional 199,348 shares in the last quarter. SG Americas Securities LLC raised its holdings in Under Armour by 37.4% in the fourth quarter. SG Americas Securities LLC now owns 158,541 shares of the company’s stock valued at $1,313,000 after buying an additional 43,158 shares during the period. Finally, Maverick Capital Ltd. purchased a new stake in Under Armour during the third quarter worth approximately $1,580,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UAA has been the subject of a number of recent research reports. UBS Group lowered their target price on Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. StockNews.com downgraded shares of Under Armour from a “hold” rating to a “sell” rating in a research report on Wednesday. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 target price on shares of Under Armour in a research report on Thursday, February 6th. Guggenheim reaffirmed a “neutral” rating on shares of Under Armour in a report on Friday, February 7th. Finally, Evercore ISI cut their price objective on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a report on Monday, February 10th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8.99.

Under Armour Stock Down 2.4 %

Shares of NYSE:UAA opened at $7.02 on Friday. The company’s fifty day moving average is $7.70 and its two-hundred day moving average is $8.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. Under Armour, Inc. has a 1-year low of $6.17 and a 1-year high of $11.89. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of -24.20 and a beta of 1.63.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same quarter last year, the business earned $0.19 EPS. Equities analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current year.

Under Armour Company Profile

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.