State of New Jersey Common Pension Fund D Sells 21,035 Shares of Under Armour, Inc. (NYSE:UAA)

State of New Jersey Common Pension Fund D cut its position in Under Armour, Inc. (NYSE:UAA) by 6.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 311,257 shares of the company’s stock after selling 21,035 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Under Armour were worth $2,736,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Duality Advisers LP acquired a new position in shares of Under Armour in the 4th quarter worth approximately $181,000. Cannon Global Investment Management LLC acquired a new position in Under Armour in the fourth quarter worth $391,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Under Armour by 28.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 110,003 shares of the company’s stock worth $967,000 after purchasing an additional 24,197 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Under Armour during the fourth quarter worth $466,000. Finally, Keener Financial Planning LLC acquired a new stake in shares of Under Armour in the fourth quarter valued at $26,000. 34.58% of the stock is owned by institutional investors.

Under Armour Stock Up 0.4 %

Shares of UAA stock opened at $6.83 on Tuesday. The firm’s fifty day moving average price is $7.49 and its two-hundred day moving average price is $7.76. Under Armour, Inc. has a 1 year low of $6.29 and a 1 year high of $9.50. The company has a current ratio of 2.13, a quick ratio of 1.38 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.97 billion, a P/E ratio of 7.59, a PEG ratio of 1.17 and a beta of 1.65.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, February 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. Under Armour had a return on equity of 13.85% and a net margin of 6.98%. Under Armour’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share. On average, equities analysts predict that Under Armour, Inc. will post 0.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UAA. Telsey Advisory Group reissued a “market perform” rating and set a $9.00 price objective on shares of Under Armour in a report on Thursday, March 14th. BNP Paribas reissued a “neutral” rating on shares of Under Armour in a research note on Thursday, March 14th. Evercore ISI reissued an “underperform” rating and issued a $7.00 price target (down previously from $8.00) on shares of Under Armour in a report on Thursday, March 14th. Williams Trading reaffirmed a “hold” rating and set a $8.00 price objective on shares of Under Armour in a report on Thursday, March 14th. Finally, TheStreet raised Under Armour from a “d+” rating to a “c-” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.55.

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.