Charles Schwab Investment Management Inc. Acquires 84,802 Shares of Under Armour, Inc. (NYSE:UAA)

Charles Schwab Investment Management Inc. lifted its stake in shares of Under Armour, Inc. (NYSE:UAA) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,815,640 shares of the company’s stock after buying an additional 84,802 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Under Armour were worth $39,873,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of UAA. MCF Advisors LLC boosted its holdings in Under Armour by 7.6% during the 4th quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock worth $167,000 after acquiring an additional 1,419 shares during the last quarter. Optas LLC lifted its position in shares of Under Armour by 5.5% during the 4th quarter. Optas LLC now owns 28,519 shares of the company’s stock worth $236,000 after buying an additional 1,484 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Under Armour by 163.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after buying an additional 1,800 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Under Armour by 2.4% in the fourth quarter. Amalgamated Bank now owns 87,534 shares of the company’s stock valued at $725,000 after acquiring an additional 2,014 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Under Armour by 27.5% during the fourth quarter. KBC Group NV now owns 13,588 shares of the company’s stock valued at $113,000 after acquiring an additional 2,929 shares during the last quarter. Institutional investors own 34.58% of the company’s stock.

Under Armour Trading Down 4.6 %

Shares of UAA opened at $6.73 on Friday. Under Armour, Inc. has a twelve month low of $6.17 and a twelve month high of $11.89. The stock has a market cap of $2.89 billion, a PE ratio of -23.19 and a beta of 1.63. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The business’s 50-day moving average price is $7.64 and its 200-day moving average price is $8.38.

Under Armour (NYSE:UAA) last posted its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm posted $0.19 EPS. On average, equities analysts forecast that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UAA. TD Cowen boosted their price objective on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Barclays cut their price target on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Argus downgraded shares of Under Armour from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Evercore ISI dropped their target price on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a research note on Monday, February 10th. Finally, Morgan Stanley restated an “underweight” rating and set a $4.00 price target on shares of Under Armour in a research note on Friday, December 13th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $9.06.

About Under Armour

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.