Tower Research Capital LLC TRC Purchases 13,866 Shares of Under Armour, Inc. (NYSE:UAA)

Tower Research Capital LLC TRC boosted its position in Under Armour, Inc. (NYSE:UAA) by 56.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 38,268 shares of the company’s stock after purchasing an additional 13,866 shares during the period. Tower Research Capital LLC TRC’s holdings in Under Armour were worth $317,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC bought a new stake in Under Armour in the 4th quarter worth about $412,000. Teacher Retirement System of Texas purchased a new position in Under Armour in the fourth quarter valued at about $313,000. Fox Run Management L.L.C. grew its position in shares of Under Armour by 215.1% during the 4th quarter. Fox Run Management L.L.C. now owns 68,596 shares of the company’s stock valued at $568,000 after acquiring an additional 46,828 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Under Armour by 11.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company’s stock worth $11,853,000 after purchasing an additional 150,958 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Under Armour by 36.5% in the 4th quarter. JPMorgan Chase & Co. now owns 554,525 shares of the company’s stock worth $4,591,000 after purchasing an additional 148,280 shares during the period. 34.58% of the stock is owned by institutional investors.

Under Armour Price Performance

Under Armour stock opened at $5.81 on Friday. Under Armour, Inc. has a 52 week low of $4.78 and a 52 week high of $11.89. The business has a 50-day simple moving average of $6.19 and a 200 day simple moving average of $7.84. 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 has a market cap of $2.50 billion, a price-to-earnings ratio of -20.02 and a beta of 1.49.

Under Armour (NYSE:UAA) last posted its earnings results on Thursday, February 6th. The company reported $0.08 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 quarter in the previous year, the business earned $0.19 earnings per share. On average, research analysts forecast that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

UAA has been the subject of a number of recent research reports. Evercore ISI decreased their target price on Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a research report on Monday, February 10th. Wells Fargo & Company decreased their target price on Under Armour from $7.00 to $4.00 and set an “equal weight” rating for the company in a research report on Wednesday. Guggenheim reissued a “neutral” rating on shares of Under Armour in a research report on Friday, February 7th. KGI Securities initiated coverage on Under Armour in a research report on Friday, March 7th. They issued a “neutral” rating and a $7.40 target price for the company. Finally, StockNews.com raised Under Armour from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.18.

About Under Armour

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.