Under Armour Inc (UAA) Shares Reduced by New York State Teachers Retirement System

Under Armour Inc (UAA) Shares Reduced by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its stake in shares of Under Armour Inc (NYSE:UAA) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 269,900 shares of the company’s stock after selling 4,704 shares during the quarter. New York State Teachers Retirement System owned approximately 0.06% of Under Armour worth $4,769,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UAA. Vanguard Group Inc. grew its holdings in Under Armour by 102.8% during the 3rd quarter. Vanguard Group Inc. now owns 38,049,952 shares of the company’s stock worth $773,692,000 after acquiring an additional 19,284,810 shares during the last quarter. Frontier Capital Management Co. LLC bought a new position in shares of Under Armour in the 4th quarter valued at about $25,923,000. Teachers Advisors LLC boosted its stake in shares of Under Armour by 42.9% in the 3rd quarter. Teachers Advisors LLC now owns 2,527,113 shares of the company’s stock valued at $53,625,000 after purchasing an additional 758,709 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Under Armour by 35.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,502,746 shares of the company’s stock valued at $56,261,000 after purchasing an additional 658,769 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Under Armour by 3,931.4% in the 3rd quarter. Janus Henderson Group PLC now owns 407,979 shares of the company’s stock valued at $8,657,000 after purchasing an additional 397,859 shares during the last quarter. 37.81% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on UAA. Wells Fargo & Co lowered shares of Under Armour from a “market perform” rating to an “underperform” rating and set a $23.50 target price on the stock. in a research note on Sunday, December 2nd. Stifel Nicolaus raised their target price on shares of Under Armour from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Monday, November 5th. Piper Jaffray Companies raised shares of Under Armour from a “neutral” rating to an “overweight” rating and raised their target price for the company from $20.00 to $32.00 in a research note on Monday, November 5th. Canaccord Genuity raised their target price on shares of Under Armour from $12.00 to $13.00 and gave the company a “sell” rating in a research note on Wednesday, October 31st. Finally, ValuEngine raised shares of Under Armour from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $21.97.

Under Armour stock opened at $20.75 on Friday. Under Armour Inc has a fifty-two week low of $13.19 and a fifty-two week high of $24.96. The company has a market cap of $9.21 billion, a P/E ratio of 109.21, a PEG ratio of 2.72 and a beta of 0.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.09 and a current ratio of 1.99.

Under Armour Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.

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