Swiss National Bank Acquires 2,800 Shares of Under Armour, Inc. (NYSE:UAA)

Swiss National Bank boosted its stake in Under Armour, Inc. (NYSE:UAA) by 0.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 371,400 shares of the company’s stock after buying an additional 2,800 shares during the period. Swiss National Bank’s holdings in Under Armour were worth $3,075,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. MCF Advisors LLC boosted its stake in shares of Under Armour by 7.6% in the 4th quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock valued at $167,000 after purchasing an additional 1,419 shares in the last quarter. Optas LLC boosted its position in Under Armour by 5.5% in the fourth quarter. Optas LLC now owns 28,519 shares of the company’s stock valued at $236,000 after buying an additional 1,484 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Under Armour by 163.6% during the third 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 increased its holdings in shares of Under Armour by 2.4% during the fourth quarter. Amalgamated Bank now owns 87,534 shares of the company’s stock worth $725,000 after buying an additional 2,014 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Under Armour by 27.5% in 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. 34.58% of the stock is currently owned by institutional investors.

Under Armour Stock Performance

Shares of UAA stock opened at $6.32 on Thursday. The stock has a market cap of $2.71 billion, a PE ratio of -21.78 and a beta of 1.63. The stock has a 50-day moving average of $7.41 and a 200-day moving average of $8.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. Under Armour, Inc. has a one year low of $6.17 and a one year high of $11.89.

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 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 period last year, the firm earned $0.19 EPS. As a group, sell-side analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on UAA shares. KGI Securities started coverage on Under Armour in a report on Friday, March 7th. They set a “neutral” rating and a $7.40 price target for the company. 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. Argus downgraded shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a research note on Thursday, February 6th. Finally, Barclays decreased 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 research note on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $9.06.

Under Armour 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.