Louisiana State Employees Retirement System Buys New Holdings in Under Armour, Inc. (NYSE:UAA)

Louisiana State Employees Retirement System purchased a new position in Under Armour, Inc. (NYSE:UAA) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 53,000 shares of the company’s stock, valued at approximately $466,000.

A number of other institutional investors also recently bought and sold shares of the business. Keener Financial Planning LLC acquired a new stake in shares of Under Armour in the fourth quarter worth $26,000. Signaturefd LLC grew its position in Under Armour by 119.2% during the 3rd quarter. Signaturefd LLC now owns 4,090 shares of the company’s stock worth $28,000 after purchasing an additional 2,224 shares during the period. Global Retirement Partners LLC grew its position in Under Armour by 43.3% during the 4th quarter. Global Retirement Partners LLC now owns 6,769 shares of the company’s stock worth $59,000 after purchasing an additional 2,044 shares during the period. MQS Management LLC purchased a new position in shares of Under Armour during the 3rd quarter valued at about $115,000. Finally, Pathstone Family Office LLC acquired a new position in shares of Under Armour in the 3rd quarter valued at about $131,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Stock Up 0.4 %

NYSE UAA opened at $6.83 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 2.13 and a debt-to-equity ratio of 0.27. Under Armour, Inc. has a 52 week low of $6.29 and a 52 week high of $9.50. The business’s fifty day simple moving average is $7.49 and its 200-day simple moving average is $7.76. The firm has a market cap of $2.97 billion, a PE ratio of 7.59, a P/E/G ratio of 1.17 and a beta of 1.65.

Under Armour (NYSE:UAA) last issued its earnings results on Thursday, February 8th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. Under Armour had a net margin of 6.98% and a return on equity of 13.85%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $0.16 earnings per share. Under Armour’s quarterly revenue was down 6.1% compared to the same quarter last year. As a group, equities analysts anticipate that Under Armour, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on UAA. Telsey Advisory Group reiterated a “market perform” rating and set a $9.00 price target on shares of Under Armour in a research report on Thursday, March 14th. Wells Fargo & Company lowered their price objective on Under Armour from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Thursday, April 25th. Williams Trading reissued a “hold” rating and set a $8.00 target price on shares of Under Armour in a report on Thursday, March 14th. TheStreet raised Under Armour from a “d+” rating to a “c-” rating in a research note on Thursday, February 8th. Finally, BNP Paribas reissued a “neutral” rating on shares of Under Armour in a research note on Thursday, March 14th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, Under Armour currently has a consensus rating of “Hold” and a consensus price target of $8.55.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.