Standard Life Aberdeen plc grew its holdings in shares of Under Armour Inc (NYSE:UAA) by 17.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 57,053 shares of the company’s stock after purchasing an additional 8,349 shares during the quarter. Standard Life Aberdeen plc’s holdings in Under Armour were worth $1,022,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Advisor Group Inc. raised its position in Under Armour by 10.8% in the 4th quarter. Advisor Group Inc. now owns 24,808 shares of the company’s stock valued at $438,000 after buying an additional 2,426 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in Under Armour in the 4th quarter valued at $135,000. Bank of Nova Scotia raised its position in Under Armour by 7.6% in the 4th quarter. Bank of Nova Scotia now owns 35,273 shares of the company’s stock valued at $623,000 after buying an additional 2,495 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Under Armour in the 4th quarter valued at $1,203,000. Finally, Bremer Trust National Association purchased a new stake in Under Armour in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

In related news, insider Paul Fipps sold 3,106 shares of Under Armour stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $21.55, for a total value of $66,934.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 16.40% of the company’s stock.

A number of equities research analysts recently commented on the company. Wells Fargo & Co lowered Under Armour from a “market perform” rating to an “underperform” rating and set a $23.50 price target for the company. in a research report on Sunday, December 2nd. Goldman Sachs Group raised Under Armour from a “neutral” rating to a “buy” rating and raised their target price for the company from $24.00 to $28.00 in a research report on Tuesday, January 22nd. Atlantic Securities lowered Under Armour from a “neutral” rating to an “underweight” rating in a research report on Wednesday, December 19th. ValuEngine raised Under Armour from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Saturday, January 5th. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $22.78.

Shares of UAA opened at $22.21 on Friday. Under Armour Inc has a fifty-two week low of $15.60 and a fifty-two week high of $24.96. The stock has a market capitalization of $9.97 billion, a P/E ratio of 82.26, a PEG ratio of 2.88 and a beta of 0.43. The company has a quick ratio of 1.20, a current ratio of 1.97 and a debt-to-equity ratio of 0.35.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, February 12th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.05. Under Armour had a positive return on equity of 6.11% and a negative net margin of 0.89%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. Sell-side analysts expect that Under Armour Inc will post 0.33 earnings per share for the current year.

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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, cold, and in between the extremes.

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

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