ExodusPoint Capital Management LP Buys New Stake in Under Armour, Inc. (NYSE:UAA)

ExodusPoint Capital Management LP purchased a new stake in Under Armour, Inc. (NYSE:UAA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 731,862 shares of the company’s stock, valued at approximately $6,060,000. ExodusPoint Capital Management LP owned approximately 0.17% of Under Armour at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of UAA. Townsquare Capital LLC purchased a new stake in Under Armour during the third quarter worth approximately $103,000. Rockefeller Capital Management L.P. lifted its position in shares of Under Armour by 8.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 115,447 shares of the company’s stock worth $1,029,000 after buying an additional 9,439 shares during the last quarter. Centiva Capital LP acquired a new position in shares of Under Armour in the 3rd quarter valued at $657,000. Stifel Financial Corp boosted its holdings in shares of Under Armour by 85.6% in the 3rd quarter. Stifel Financial Corp now owns 66,671 shares of the company’s stock valued at $594,000 after buying an additional 30,755 shares in the last quarter. Finally, National Bank of Canada FI grew its position in shares of Under Armour by 9.4% in the 3rd quarter. National Bank of Canada FI now owns 37,703 shares of the company’s stock valued at $336,000 after buying an additional 3,232 shares during the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on UAA. StockNews.com upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th. 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. KGI Securities initiated coverage on Under Armour in a research note on Friday, March 7th. They set a “neutral” rating and a $7.40 price target on the stock. Guggenheim reiterated a “neutral” rating on shares of Under Armour in a research note on Friday, February 7th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $10.00 target price on shares of Under Armour in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Under Armour currently has an average rating of “Hold” and an average target price of $9.06.

Under Armour Stock Down 2.3 %

UAA opened at $5.24 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. Under Armour, Inc. has a 12 month low of $4.84 and a 12 month high of $11.89. The stock has a market capitalization of $2.25 billion, a P/E ratio of -18.05 and a beta of 1.49. The business has a 50 day simple moving average of $7.05 and a 200-day simple moving average of $8.24.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the business earned $0.19 earnings per share. On average, equities analysts anticipate that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

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.