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

ExodusPoint Capital Management LP bought a new position in shares of Under Armour, Inc. (NYSE:UAA) during the fourth quarter, HoldingsChannel.com reports. The firm bought 731,862 shares of the company’s stock, valued at approximately $6,060,000.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. boosted its position in shares of Under Armour by 160.5% in the 4th quarter. American Century Companies Inc. now owns 4,013,671 shares of the company’s stock worth $33,233,000 after buying an additional 2,472,813 shares in the last quarter. Norges Bank acquired a new position in Under Armour during the fourth quarter worth about $11,151,000. Trexquant Investment LP lifted its holdings in shares of Under Armour by 179.7% in the fourth quarter. Trexquant Investment LP now owns 612,159 shares of the company’s stock valued at $5,069,000 after purchasing an additional 393,330 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its position in shares of Under Armour by 6.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock valued at $51,149,000 after purchasing an additional 327,979 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Under Armour by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company’s stock worth $128,741,000 after purchasing an additional 263,988 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Wall Street Analysts Forecast Growth

UAA has been the topic of a number of recent research reports. Barclays reduced their target price on Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Evercore ISI decreased their price objective on Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a research note on Monday, February 10th. UBS Group cut their target price on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Morgan Stanley reaffirmed an “underweight” rating and set a $4.00 price target on shares of Under Armour in a research note on Friday, December 13th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $10.00 price objective on shares of Under Armour in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.06.

Under Armour Stock Performance

NYSE UAA opened at $5.24 on Friday. The business’s 50-day simple moving average is $7.05 and its 200-day simple moving average is $8.24. The firm has a market capitalization of $2.25 billion, a P/E ratio of -18.05 and a beta of 1.49. Under Armour, Inc. has a 1-year low of $4.84 and a 1-year high of $11.89. 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 (NYSE:UAA) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same quarter in the previous year, the business earned $0.19 EPS. Equities analysts predict that Under Armour, Inc. will post 0.3 EPS for the current 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.