Deutsche Bank AG Acquires 7,270 Shares of Under Armour, Inc. (NYSE:UAA)

Deutsche Bank AG lifted its holdings in shares of Under Armour, Inc. (NYSE:UAA) by 67.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,055 shares of the company’s stock after acquiring an additional 7,270 shares during the period. Deutsche Bank AG’s holdings in Under Armour were worth $149,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Corton Capital Inc. increased its position in shares of Under Armour by 30.4% during the fourth quarter. Corton Capital Inc. now owns 40,572 shares of the company’s stock worth $336,000 after acquiring an additional 9,466 shares in the last quarter. Crestline Management LP bought a new stake in shares of Under Armour during the fourth quarter worth about $219,000. Brevan Howard Capital Management LP bought a new stake in shares of Under Armour during the fourth quarter worth about $254,000. Captrust Financial Advisors increased its position in shares of Under Armour by 20.4% during the fourth quarter. Captrust Financial Advisors now owns 80,024 shares of the company’s stock worth $663,000 after acquiring an additional 13,544 shares in the last quarter. Finally, Baker Avenue Asset Management LP increased its position in shares of Under Armour by 51.4% during the fourth quarter. Baker Avenue Asset Management LP now owns 15,591 shares of the company’s stock worth $129,000 after acquiring an additional 5,292 shares in the last quarter. 34.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Under Armour from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 14th. Evercore ISI reduced their price objective on shares of Under Armour from $7.00 to $6.00 and set an “underperform” rating for the company in a research report on Wednesday, May 14th. Citigroup reduced their price objective on shares of Under Armour from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. BMO Capital Markets reduced their price objective on shares of Under Armour from $12.00 to $9.00 and set an “outperform” rating for the company in a research report on Wednesday, May 14th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research report on Wednesday, May 14th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $7.33.

Under Armour Stock Down 2.8%

Under Armour stock opened at $6.53 on Tuesday. Under Armour, Inc. has a twelve month low of $4.78 and a twelve month high of $11.89. The firm has a 50 day moving average price of $6.01 and a 200-day moving average price of $7.39. The company has a market capitalization of $2.80 billion, a P/E ratio of -22.50 and a beta of 1.54. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA) last released its earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the firm earned $0.11 EPS. The company’s revenue was down 11.4% compared to the same quarter last year. As a group, equities analysts predict that Under Armour, Inc. will post 0.3 EPS for the current year.

Under Armour 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.