IFP Advisors Inc reduced its stake in Under Armour, Inc. (NYSE:UA) by 78.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,748 shares of the company’s stock after selling 92,143 shares during the period. IFP Advisors Inc’s holdings in Under Armour were worth $519,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of UA. Fox Run Management L.L.C. acquired a new position in Under Armour during the first quarter valued at $627,000. Bank of The West raised its position in Under Armour by 4.2% in the first quarter. Bank of The West now owns 84,479 shares of the company’s stock valued at $1,671,000 after buying an additional 3,404 shares in the last quarter. Capital Impact Advisors LLC raised its position in Under Armour by 58.6% in the first quarter. Capital Impact Advisors LLC now owns 60,501 shares of the company’s stock valued at $1,197,000 after buying an additional 22,364 shares in the last quarter. City Holding Co. raised its position in Under Armour by 50.5% in the first quarter. City Holding Co. now owns 26,045 shares of the company’s stock valued at $515,000 after buying an additional 8,740 shares in the last quarter. Finally, Cardinal Capital Management raised its position in Under Armour by 117.7% in the first quarter. Cardinal Capital Management now owns 19,306 shares of the company’s stock valued at $382,000 after buying an additional 10,437 shares in the last quarter. Institutional investors and hedge funds own 56.34% of the company’s stock.
Shares of Under Armour, Inc. (NYSE:UA) opened at 16.80 on Friday. The firm has a market cap of $7.41 billion, a P/E ratio of 34.01 and a beta of 0.78. Under Armour, Inc. has a 1-year low of $16.02 and a 1-year high of $42.94. The firm has a 50 day moving average price of $18.41 and a 200 day moving average price of $18.83.
Under Armour (NYSE:UA) last released its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.04. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. The company had revenue of $1.09 billion for the quarter. Analysts anticipate that Under Armour, Inc. will post $0.38 EPS for the current year.
Several research analysts have weighed in on the company. Credit Suisse Group set a $17.00 target price on Under Armour and gave the stock a “sell” rating in a report on Wednesday, June 14th. Vetr upgraded Under Armour from a “sell” rating to a “hold” rating and set a $19.90 target price on the stock in a report on Thursday, June 15th. BidaskClub upgraded Under Armour from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Under Armour in a report on Monday, June 26th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $21.00 target price on shares of Under Armour in a report on Thursday, April 27th. Eight analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.99.
Under Armour Company Profile
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
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