New York State Teachers Retirement System Lowers Holdings in Under Armour, Inc. (NYSE:UAA)

New York State Teachers Retirement System decreased its holdings in Under Armour, Inc. (NYSE:UAA) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 177,868 shares of the company’s stock after selling 1,400 shares during the period. New York State Teachers Retirement System’s holdings in Under Armour were worth $1,585,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in UAA. Allspring Global Investments Holdings LLC purchased a new position in Under Armour in the 3rd quarter worth approximately $56,000. Optas LLC purchased a new position in shares of Under Armour in the second quarter worth $72,000. CWM LLC boosted its position in shares of Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after acquiring an additional 1,409 shares during the last quarter. Koss Olinger Consulting LLC purchased a new position in Under Armour during the second quarter valued at $79,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Under Armour in the 2nd quarter valued at $80,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Stock Down 13.1 %

Shares of NYSE:UAA opened at $9.68 on Friday. The firm has a market capitalization of $4.18 billion, a PE ratio of -53.75, a price-to-earnings-growth ratio of 4.06 and a beta of 1.66. The business has a 50 day simple moving average of $8.47 and a two-hundred day simple moving average of $7.52. Under Armour, Inc. has a 1 year low of $6.17 and a 1 year high of $11.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.01 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $0.02 EPS. Under Armour’s quarterly revenue was down 10.1% on a year-over-year basis. On average, equities analysts predict that Under Armour, Inc. will post 0.22 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Wedbush increased their price target on Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a research note on Friday, August 9th. Wells Fargo & Company lifted their price objective on Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Friday. UBS Group upped their price objective on Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Friday. Finally, Argus raised shares of Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Under Armour currently has a consensus rating of “Hold” and an average price target of $8.76.

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.