Under Armour, Inc. (NYSE:UAA) Shares Sold by American International Group Inc.

American International Group Inc. cut its stake in Under Armour, Inc. (NYSE:UAA) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,004 shares of the company’s stock after selling 10,860 shares during the period. American International Group Inc. owned 0.06% of Under Armour worth $2,241,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in UAA. Dimensional Fund Advisors LP raised its holdings in Under Armour by 29.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,154,871 shares of the company’s stock valued at $62,893,000 after acquiring an additional 1,636,634 shares in the last quarter. Glenmede Trust Co. NA acquired a new stake in Under Armour in the third quarter valued at $10,741,000. Vanguard Group Inc. raised its holdings in Under Armour by 7.5% in the third quarter. Vanguard Group Inc. now owns 18,196,402 shares of the company’s stock valued at $124,645,000 after acquiring an additional 1,269,037 shares in the last quarter. Norges Bank acquired a new stake in shares of Under Armour during the fourth quarter worth $10,348,000. Finally, Trexquant Investment LP lifted its position in shares of Under Armour by 289.9% in the 3rd quarter. Trexquant Investment LP now owns 1,229,130 shares of the company’s stock worth $8,420,000 after buying an additional 913,876 shares during the last quarter. 34.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UAA. Telsey Advisory Group restated a “market perform” rating and issued a $8.00 price target on shares of Under Armour in a research report on Thursday, May 16th. BNP Paribas restated a “neutral” rating on shares of Under Armour in a research report on Thursday, March 14th. Oppenheimer downgraded shares of Under Armour from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 23rd. BMO Capital Markets reduced their price target on shares of Under Armour from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Friday, May 17th. Finally, Evercore ISI reduced their price target on shares of Under Armour from $7.00 to $6.00 and set an “underperform” rating on the stock in a research report on Friday, May 17th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $7.32.

Under Armour Stock Down 2.5 %

Under Armour stock opened at $6.95 on Wednesday. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 3.54 and a beta of 1.69. The company has a current ratio of 2.46, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $6.82 and its two-hundred day moving average price is $7.56. Under Armour, Inc. has a 52 week low of $6.18 and a 52 week high of $9.50.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, May 16th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Under Armour had a net margin of 4.19% and a return on equity of 11.95%. Under Armour’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS. On average, analysts expect that Under Armour, Inc. will post 0.2 EPS for the current fiscal year.

Under Armour declared that its Board of Directors has initiated a stock buyback program on Thursday, May 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 16.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

About Under Armour

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.