Pictet Asset Management Ltd. Acquires 5,418 Shares of Under Armour Inc (NYSE:UAA)

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Pictet Asset Management Ltd. lifted its holdings in Under Armour Inc (NYSE:UAA) by 12.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,671 shares of the company’s stock after acquiring an additional 5,418 shares during the period. Pictet Asset Management Ltd.’s holdings in Under Armour were worth $1,208,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cibc World Markets Corp raised its position in Under Armour by 167.2% during the second quarter. Cibc World Markets Corp now owns 66,434 shares of the company’s stock valued at $1,577,000 after purchasing an additional 41,567 shares during the period. Northern Trust Corp boosted its holdings in Under Armour by 1.1% during the 2nd quarter. Northern Trust Corp now owns 2,187,646 shares of the company’s stock valued at $55,457,000 after acquiring an additional 24,469 shares during the period. Natixis Advisors L.P. boosted its holdings in Under Armour by 7.4% during the 2nd quarter. Natixis Advisors L.P. now owns 28,955 shares of the company’s stock valued at $734,000 after acquiring an additional 2,004 shares during the period. Pacer Advisors Inc. boosted its holdings in Under Armour by 9.3% during the 2nd quarter. Pacer Advisors Inc. now owns 17,807 shares of the company’s stock valued at $451,000 after acquiring an additional 1,509 shares during the period. Finally, Resources Investment Advisors LLC. boosted its holdings in Under Armour by 30.3% during the 2nd quarter. Resources Investment Advisors LLC. now owns 15,263 shares of the company’s stock valued at $387,000 after acquiring an additional 3,547 shares during the period. 38.48% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the company. Wells Fargo & Co boosted their price objective on Under Armour from $22.00 to $26.00 and gave the company a “market perform” rating in a report on Thursday, June 13th. UBS Group dropped their price objective on Under Armour from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, September 9th. Sanford C. Bernstein upgraded Under Armour from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $16.00 to $17.00 in a report on Tuesday, September 3rd. ValuEngine cut Under Armour from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, Pivotal Research restated a “hold” rating and set a $25.00 price objective (up previously from $23.00) on shares of Under Armour in a report on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. Under Armour presently has an average rating of “Hold” and a consensus price target of $23.88.

NYSE UAA traded down $0.59 on Thursday, reaching $20.20. 154,397 shares of the stock traded hands, compared to its average volume of 4,060,331. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.11 and a current ratio of 1.83. The company has a fifty day moving average price of $19.83 and a 200-day moving average price of $22.77. The company has a market cap of $9.53 billion, a price-to-earnings ratio of 74.93, a PEG ratio of 2.31 and a beta of 0.57. Under Armour Inc has a 12 month low of $16.52 and a 12 month high of $27.72.

Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, July 30th. The company reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.01. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. Under Armour had a return on equity of 7.86% and a net margin of 1.62%. Under Armour’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.08) EPS. As a group, research analysts anticipate that Under Armour Inc will post 0.34 earnings per share for the current fiscal year.

About Under Armour

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 and cold.

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Institutional Ownership by Quarter for Under Armour (NYSE:UAA)

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