Prudential Financial Inc. reduced its holdings in shares of Under Armour Inc (NYSE:UAA) by 0.4% during the 4th quarter, HoldingsChannel reports. The fund owned 203,258 shares of the company’s stock after selling 740 shares during the period. Prudential Financial Inc.’s holdings in Under Armour were worth $3,592,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Piedmont Investment Advisors Inc. raised its stake in shares of Under Armour by 7.4% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 12,975 shares of the company’s stock worth $229,000 after acquiring an additional 891 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Under Armour by 113.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 43,176 shares of the company’s stock valued at $763,000 after purchasing an additional 22,950 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd increased its stake in Under Armour by 2,618.3% in the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,981,761 shares of the company’s stock valued at $35,017,000 after purchasing an additional 1,908,857 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in Under Armour by 9.5% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 68,534 shares of the company’s stock valued at $1,211,000 after purchasing an additional 5,967 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in Under Armour by 158.8% in the fourth quarter. Mackenzie Financial Corp now owns 48,806 shares of the company’s stock valued at $862,000 after purchasing an additional 29,950 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

NYSE:UAA opened at $22.35 on Friday. Under Armour Inc has a 52 week low of $15.60 and a 52 week high of $24.96. The stock has a market cap of $9.91 billion, a P/E ratio of 82.78, a price-to-earnings-growth ratio of 2.88 and a beta of 0.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.97.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, February 12th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. Under Armour had a negative net margin of 0.89% and a positive return on equity of 6.11%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. Under Armour’s quarterly revenue was up 1.5% on a year-over-year basis. Equities research analysts anticipate that Under Armour Inc will post 0.33 earnings per share for the current year.

In other Under Armour news, insider Paul Fipps sold 3,106 shares of the firm’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $21.55, for a total value of $66,934.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 16.40% of the stock is owned by company insiders.

Several brokerages have commented on UAA. Wells Fargo & Co downgraded shares of Under Armour from a “market perform” rating to an “underperform” rating and set a $23.50 target price for the company. in a research note on Sunday, December 2nd. Goldman Sachs Group raised shares of Under Armour from a “neutral” rating to a “buy” rating and upped their target price for the company from $24.00 to $28.00 in a research note on Tuesday, January 22nd. Atlantic Securities downgraded shares of Under Armour from a “neutral” rating to an “underweight” rating in a research note on Wednesday, December 19th. ValuEngine raised shares of Under Armour from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Finally, Zacks Investment Research upgraded shares of Under Armour from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Saturday, January 5th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $22.78.

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Under Armour Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.

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Institutional Ownership by Quarter for Under Armour (NYSE:UAA)

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