Brown Brothers Harriman & Co. Purchases 16,717 Shares of Under Armour, Inc. (NYSE:UAA)

Brown Brothers Harriman & Co. boosted its stake in shares of Under Armour, Inc. (NYSE:UAA) by 50.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,051 shares of the company’s stock after acquiring an additional 16,717 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Under Armour were worth $414,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UAA. Norges Bank bought a new position in shares of Under Armour during the 4th quarter valued at approximately $11,151,000. JPMorgan Chase & Co. raised its stake in shares of Under Armour by 36.5% in the fourth quarter. JPMorgan Chase & Co. now owns 554,525 shares of the company’s stock valued at $4,591,000 after acquiring an additional 148,280 shares during the period. Congress Wealth Management LLC DE raised its stake in shares of Under Armour by 61.7% in the fourth quarter. Congress Wealth Management LLC DE now owns 61,458 shares of the company’s stock valued at $509,000 after acquiring an additional 23,458 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Under Armour by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company’s stock worth $128,741,000 after acquiring an additional 263,988 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new position in shares of Under Armour during the 4th quarter worth about $174,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Price Performance

UAA opened at $6.27 on Tuesday. The firm has a market capitalization of $2.69 billion, a PE ratio of -21.60 and a beta of 1.63. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. The business’s 50-day moving average is $7.26 and its two-hundred day moving average is $8.30. Under Armour, Inc. has a 1 year low of $6.10 and a 1 year high of $11.89.

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th. Morgan Stanley reissued an “underweight” rating and set a $4.00 price target on shares of Under Armour in a research note on Friday, December 13th. UBS Group cut their price objective on Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Guggenheim reiterated a “neutral” rating on shares of Under Armour in a research report on Friday, February 7th. Finally, Evercore ISI cut their price target on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a report on Monday, February 10th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.06.

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.