Congress Wealth Management LLC DE Buys 23,458 Shares of Under Armour, Inc. (NYSE:UAA)

Congress Wealth Management LLC DE grew its position in Under Armour, Inc. (NYSE:UAA) by 61.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,458 shares of the company’s stock after purchasing an additional 23,458 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Under Armour were worth $509,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Compagnie Lombard Odier SCmA acquired a new position in Under Armour in the 4th quarter valued at $25,000. Nomura Asset Management Co. Ltd. boosted its holdings in Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after acquiring an additional 1,800 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Under Armour in the fourth quarter valued at about $27,000. SBI Securities Co. Ltd. bought a new position in shares of Under Armour in the fourth quarter worth about $40,000. Finally, Harbour Investments Inc. lifted its position in shares of Under Armour by 438.2% during the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock worth $51,000 after purchasing an additional 5,000 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UAA has been the topic of a number of research analyst reports. StockNews.com raised Under Armour from a “sell” rating to a “hold” rating in a report on Thursday, March 20th. Argus downgraded shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. TD Cowen upped their target price on shares of Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Barclays decreased their price target on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Finally, UBS Group cut their price objective on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9.06.

Under Armour Stock Performance

Shares of NYSE:UAA opened at $6.31 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. The business’s fifty day moving average price is $7.30 and its two-hundred day moving average price is $8.29. Under Armour, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of -21.74 and a beta of 1.63.

Under Armour (NYSE:UAA) last posted its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate 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 last year, the business posted $0.19 EPS. As a group, analysts predict that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Under Armour 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.