Baker Avenue Asset Management LP Makes New $92,000 Investment in Under Armour, Inc. (NYSE:UAA)

Baker Avenue Asset Management LP purchased a new position in Under Armour, Inc. (NYSE:UAA) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,299 shares of the company’s stock, valued at approximately $92,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Under Armour during the 3rd quarter valued at about $56,000. Optas LLC bought a new stake in shares of Under Armour in the second quarter worth approximately $72,000. CWM LLC grew its stake in shares of Under Armour by 20.7% in the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after acquiring an additional 1,409 shares during the period. Koss Olinger Consulting LLC bought a new stake in shares of Under Armour in the second quarter worth approximately $79,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Under Armour in the second quarter worth approximately $80,000. 34.58% of the stock is currently owned by institutional investors.

Under Armour Price Performance

Shares of NYSE:UAA opened at $9.56 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08. Under Armour, Inc. has a 1-year low of $6.17 and a 1-year high of $11.89. The company has a market capitalization of $4.13 billion, a P/E ratio of -318.67, a P/E/G ratio of 4.40 and a beta of 1.66. The firm’s 50 day simple moving average is $8.54 and its two-hundred day simple moving average is $7.57.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on UAA shares. UBS Group lifted their price target on shares of Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Wells Fargo & Company lifted their price target on shares of Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Telsey Advisory Group reiterated a “market perform” rating and issued a $8.00 price target on shares of Under Armour in a research note on Monday, November 4th. Barclays lifted their price target on shares of Under Armour from $8.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Argus upgraded shares of Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.03.

Under Armour Company 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.