Raymond James Financial Services Advisors Inc. Lowers Stock Holdings in Under Armour, Inc. (NYSE:UAA)

Raymond James Financial Services Advisors Inc. lessened its position in shares of Under Armour, Inc. (NYSE:UAA) by 16.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,394 shares of the company’s stock after selling 6,595 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Under Armour were worth $302,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in shares of Under Armour by 119.2% during the third quarter. Signaturefd LLC now owns 4,090 shares of the company’s stock worth $28,000 after purchasing an additional 2,224 shares in the last quarter. MQS Management LLC acquired a new position in shares of Under Armour during the third quarter worth about $115,000. Pathstone Family Office LLC acquired a new position in shares of Under Armour during the third quarter worth about $131,000. Privium Fund Management B.V. lifted its stake in shares of Under Armour by 25.4% during the third quarter. Privium Fund Management B.V. now owns 22,200 shares of the company’s stock worth $152,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Golden State Equity Partners lifted its stake in shares of Under Armour by 23.8% during the third quarter. Golden State Equity Partners now owns 24,995 shares of the company’s stock worth $171,000 after purchasing an additional 4,810 shares in the last quarter. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on UAA shares. Telsey Advisory Group restated a “market perform” rating and set a $9.00 price objective on shares of Under Armour in a research note on Thursday, March 14th. BNP Paribas reiterated a “neutral” rating on shares of Under Armour in a research note on Thursday, March 14th. TheStreet upgraded Under Armour from a “d+” rating to a “c-” rating in a research note on Thursday, February 8th. Evercore ISI reiterated an “underperform” rating and issued a $7.00 price target (down previously from $8.00) on shares of Under Armour in a research note on Thursday, March 14th. Finally, Williams Trading reiterated a “hold” rating and issued a $8.00 price target 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 issued a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $8.65.

Under Armour Trading Up 0.7 %

Shares of NYSE UAA opened at $6.78 on Tuesday. The stock has a market capitalization of $2.95 billion, a P/E ratio of 7.53, a PEG ratio of 1.15 and a beta of 1.65. The stock’s 50 day moving average price is $7.65 and its two-hundred day moving average price is $7.75. Under Armour, Inc. has a 52-week low of $6.29 and a 52-week high of $9.50. 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 (NYSE:UAA) last posted its earnings results on Thursday, February 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.11 by $0.08. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. Under Armour had a return on equity of 13.85% and a net margin of 6.98%. The business’s revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 earnings per share. On average, analysts anticipate that Under Armour, Inc. will post 0.52 earnings per share for the current fiscal year.

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.