Geode Capital Management LLC boosted its position in Under Armour Inc (NYSE:UAA) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,412,785 shares of the company’s stock after acquiring an additional 228,475 shares during the quarter. Geode Capital Management LLC’s holdings in Under Armour were worth $42,551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UAA. MERIAN GLOBAL INVESTORS UK Ltd boosted its position in Under Armour by 2,618.3% during 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 buying an additional 1,908,857 shares during the period. FMR LLC boosted its position in Under Armour by 38.7% during the fourth quarter. FMR LLC now owns 4,947,846 shares of the company’s stock valued at $87,429,000 after buying an additional 1,381,276 shares during the period. Millennium Management LLC boosted its position in Under Armour by 162.4% during the fourth quarter. Millennium Management LLC now owns 1,428,073 shares of the company’s stock valued at $25,234,000 after buying an additional 883,893 shares during the period. Norges Bank purchased a new stake in Under Armour during the fourth quarter valued at about $13,859,000. Finally, Oregon Public Employees Retirement Fund boosted its position in Under Armour by 3,672.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 762,920 shares of the company’s stock valued at $43,000 after buying an additional 742,694 shares during the period. 37.97% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on the stock. UBS Group upped their price target on shares of Under Armour from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, February 13th. Citigroup upgraded shares of Under Armour from a “neutral” rating to a “buy” rating and upped their price target for the company from $23.00 to $29.00 in a research report on Wednesday, April 10th. Credit Suisse Group restated a “neutral” rating and set a $26.00 price target on shares of Under Armour in a research report on Tuesday, April 30th. Zacks Investment Research upgraded shares of Under Armour from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $22.00 price target on shares of Under Armour in a research report on Tuesday, February 12th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $24.03.

Shares of NYSE UAA opened at $22.80 on Monday. Under Armour Inc has a fifty-two week low of $16.52 and a fifty-two week high of $24.96. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 84.44, a price-to-earnings-growth ratio of 2.70 and a beta of 0.45. The company has a quick ratio of 1.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.58.

Under Armour (NYSE:UAA) last announced its earnings results on Thursday, May 2nd. The company reported $0.05 earnings per share for the quarter. Under Armour had a net margin of 0.12% and a return on equity of 7.17%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Under Armour Inc will post 0.35 EPS for the current year.

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Under Armour Company 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 and cold.

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

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