First Trust Advisors LP Has $26.80 Million Stock Position in Under Armour, Inc. (NYSE:UAA)

First Trust Advisors LP cut its holdings in Under Armour, Inc. (NYSE:UAAFree Report) by 17.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,048,701 shares of the company’s stock after selling 635,951 shares during the quarter. First Trust Advisors LP owned 0.70% of Under Armour worth $26,798,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Keener Financial Planning LLC acquired a new position in Under Armour in the fourth quarter valued at approximately $26,000. Global Retirement Partners LLC lifted its stake in Under Armour by 43.3% in the fourth quarter. Global Retirement Partners LLC now owns 6,769 shares of the company’s stock valued at $59,000 after buying an additional 2,044 shares during the period. M&T Bank Corp acquired a new position in Under Armour in the fourth quarter valued at approximately $91,000. Innealta Capital LLC bought a new stake in shares of Under Armour during the fourth quarter valued at approximately $100,000. Finally, MQS Management LLC bought a new stake in shares of Under Armour during the third quarter valued at approximately $115,000. 34.58% of the stock is owned by institutional investors and hedge funds.

Under Armour Stock Down 1.4 %

Shares of NYSE:UAA opened at $6.81 on Tuesday. The company has a market capitalization of $2.97 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 3.10 and a beta of 1.69. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.46 and a quick ratio of 1.63. The business has a fifty day moving average price of $6.79 and a two-hundred day moving average price of $7.66. Under Armour, Inc. has a 1 year low of $6.18 and a 1 year high of $9.50.

Under Armour (NYSE:UAAGet Free Report) last announced its quarterly earnings data on Thursday, May 16th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. Under Armour had a return on equity of 11.95% and a net margin of 4.19%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. Analysts forecast that Under Armour, Inc. will post 0.23 earnings per share for the current year.

Under Armour declared that its Board of Directors has approved a share repurchase plan on Thursday, May 16th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 16.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

UAA has been the subject of several recent research reports. Citigroup decreased their price objective on Under Armour from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday, May 7th. BMO Capital Markets decreased their price objective on Under Armour from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Friday, May 17th. BNP Paribas restated a “neutral” rating on shares of Under Armour in a report on Thursday, March 14th. Bank of America decreased their price objective on Under Armour from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, May 17th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $8.00 price target on shares of Under Armour in a report on Thursday, May 16th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Under Armour currently has an average rating of “Hold” and an average price target of $7.32.

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Under Armour Profile

(Free Report)

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.

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

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