Harbour Investments Inc. Acquires 5,000 Shares of Under Armour, Inc. (NYSE:UAA)

Harbour Investments Inc. grew its holdings in Under Armour, Inc. (NYSE:UAA) by 438.2% in the fourth quarter, Holdings Channel reports. The firm owned 6,141 shares of the company’s stock after buying an additional 5,000 shares during the quarter. Harbour Investments Inc.’s holdings in Under Armour were worth $51,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA bought a new stake in Under Armour in the 4th quarter worth about $25,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Under Armour by 163.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after acquiring an additional 1,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Under Armour in the fourth quarter worth approximately $27,000. SBI Securities Co. Ltd. purchased a new position in shares of Under Armour during the fourth quarter valued at approximately $40,000. Finally, Versant Capital Management Inc lifted its position in Under Armour by 63.2% during the fourth quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock valued at $83,000 after purchasing an additional 3,885 shares during the period. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Price Performance

Shares of Under Armour stock opened at $6.60 on Tuesday. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of -22.77 and a beta of 1.63. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The stock’s 50-day simple moving average is $7.45 and its 200-day simple moving average is $8.34. Under Armour, Inc. has a 52 week low of $6.17 and a 52 week high of $11.89.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period in the previous year, the firm posted $0.19 EPS. As a group, analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on UAA. Guggenheim reaffirmed a “neutral” rating on shares of Under Armour in a research report on Friday, February 7th. Argus lowered Under Armour from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. StockNews.com raised Under Armour from a “sell” rating to a “hold” rating in a report on Thursday, March 20th. TD Cowen boosted their price target on Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $4.00 price objective on shares of Under Armour in a research note on Friday, December 13th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Under Armour has an average rating of “Hold” and an average target price of $9.06.

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.