Louisiana State Employees Retirement System Makes New Investment in Under Armour, Inc. (NYSE:UA)

Louisiana State Employees Retirement System purchased a new position in Under Armour, Inc. (NYSE:UA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 54,300 shares of the company’s stock, valued at approximately $453,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Keener Financial Planning LLC acquired a new position in shares of Under Armour in the 4th quarter valued at about $25,000. Global Retirement Partners LLC lifted its stake in shares of Under Armour by 61.7% in the 4th quarter. Global Retirement Partners LLC now owns 3,959 shares of the company’s stock valued at $33,000 after purchasing an additional 1,511 shares in the last quarter. MGO One Seven LLC acquired a new position in shares of Under Armour in the 3rd quarter valued at about $69,000. Abundance Wealth Counselors acquired a new position in shares of Under Armour in the 3rd quarter valued at about $92,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Under Armour in the 3rd quarter valued at about $99,000. 36.35% of the stock is owned by institutional investors and hedge funds.

Under Armour Stock Performance

NYSE UA opened at $6.59 on Tuesday. The firm has a market capitalization of $2.87 billion, a P/E ratio of 7.40 and a beta of 1.63. Under Armour, Inc. has a 1-year low of $5.86 and a 1-year high of $8.99. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.13 and a quick ratio of 1.38. The business’s 50-day simple moving average is $7.22 and its 200-day simple moving average is $7.40.

Under Armour (NYSE:UA) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.10 by $0.09. The firm had revenue of $1.49 billion for the quarter. Under Armour had a return on equity of 13.85% and a net margin of 6.98%. During the same period last year, the firm posted $0.16 earnings per share.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.