Proficio Capital Partners LLC Makes New $486,000 Investment in Under Armour, Inc. (NYSE:UAA)

Proficio Capital Partners LLC purchased a new position in Under Armour, Inc. (NYSE:UAA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 58,680 shares of the company’s stock, valued at approximately $486,000.

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

Analyst Ratings Changes

UAA has been the topic of a number of research analyst reports. Morgan Stanley restated an “underweight” rating and issued a $4.00 target price on shares of Under Armour in a research note on Friday, December 13th. TD Cowen increased their price objective on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. UBS Group decreased their target price on Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 price target on shares of Under Armour in a research report on Thursday, February 6th. Finally, Guggenheim restated a “neutral” rating on shares of Under Armour in a report on Friday, February 7th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.06.

Under Armour Stock Performance

Shares of UAA stock opened at $6.60 on Tuesday. Under Armour, Inc. has a 12-month low of $6.17 and a 12-month high of $11.89. The business’s fifty day simple moving average is $7.45 and its 200-day simple moving average is $8.34. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The company has a market cap of $2.84 billion, a PE ratio of -22.77 and a beta of 1.63.

Under Armour (NYSE:UAA) last announced its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the company posted $0.19 EPS. Analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal 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.